If you want to make additional income from home you need to build a business. To build that business I am going to give you the process to follow.
Step 1 Why?
If you are going to start an online business or any business you need to ask yourself why you want your own business. What are the reasons you want to do this.
- To have the freedom to manage your own life on a daily basis?
- To receive additional income to help pay bills or have more discretionary income.
- You have a product that you have a passion to produce.
- You want to reduce the stress from your job.
- Any other reason you might have.
Look deeply into yourself
During this “why” phase you really need to look deeply into yourself to identify your true motivation for starting your own business. This will:
- Help you to create your business
- It will solidify your mindset to start a successful business
Create a Plan
Creating a plan is very important because it gives you direction and organizes your creation. It is:
- The what
- The How
- The when
The What What is your business going to be.
- A brick and mortar store
- Selling a product you make
- Developing an online business
- Finding a program and work that.
- Affiliate Marketing
How The how is what steps your are going to take to create your business.
- How you are going to market you product.
- How are you going to be paid
- How are you going to finance it.
- How are you going to implement it.
- And any other of a million details
When This not only encompasses the date you are going to start your business but other time related factors:
- When are you going to work to create your business based on
- The demands of your Job
- The responsibilities of your family
- The responsibilities to other people such as elderly parents, church, friends and others
- The environment
- The condition of the economy. Is it robust, is it shrinking or somewhere in between
- What is the market for your product. Do people want what you are selling, are the people ready for what your selling or is the product ready for selling.
- As a case in point, many people feel that the electric car is a way to reduce the pollution from cars powered by fossil fuel. At this time the technology doesn’t produce sufficient range to make this a viable transportation choice. Also the battery life is limited, and when they fail it will be expensive to replace, and the old batteries are pollutants. Is your product like this, so new that it too far ahead of its time?
What is Affiliate Marketing?
Affiliate Marketing is a business where you promote a product through a website you create with a link to a product. When someone accesses your website, clicks the link, and purchases the product you as the website owner get a commission.
Why choose affiliate Marketing?
- Limited Risk
- Limited Cost
- No inventory to keep
- The ability to work at home when you want.
- Be your own boss
What Do You Need to Become an Affiliate Marketer?
- The first thing you are going to need is a product to market
- You will then have to create a website to promote it.
- You will need a domain and someone to host it.
This Requires a Skill Set
Unless you are a computer wiz or do Web development in your current job you are going to need help to create your website which includes
To get This You Will Need An Organization to Provide This Information
After a long search and some trial and error I found Wealth Affiliate. It includes:
- the training,
- to create an online affiliate marketing business.
If you would like to make additional income at home to get more in depth look at Wealthy Affiliate please read my review “Wealthy Affiliate for a Newbie” found in the Posts section of this website. Once you done this you can start your own online business.
If you have any comments please leave them below or email me at DickH@createadditionalincome.com