Are you considering starting an Internet business? You are not alone, more and more people are using the Internet to start earning executive style incomes. When starting an Internet Business, many just jump in without having a plan of action. When this crucial first step is missed, over 75% of businesses will close within the first three months of business.
The biggest misconceptions when starting an Internet Business is that it is automated. Websites and “coaches” lead people to believe that their online business will take care of most of the work. You have to understand that you will have responsibilities in order to start profiting. Basically what that boils down to is work. Don’t believe the lie that you can just press a button and make money.
Below is a plan of action that I used for My Internet Business that allowed me to start making a fully time living online. You may not understand each step at the beginning but by following the first steps exactly you should be able to follow the proceeding steps easily and effectively.
1) What type of Internet business to start?
The choice you make will be in direct proportion to what type of income you want to earn now, and what your long term goals are. If you are looking to make money online as soon as possible, it is suggested that you look into the direct sales industry. Entrepreneurs will have a higher commission level that is suggested to accumulate in a faster method then other Internet Business industries.
Or you may not be looking for an immediate income, but rather looking at creating a residual income. This becomes a popular choice for people that want to have a regular income in the next five years. The MLM industry does not typically offer a compensation plan that will bring in immediate income, rather it accumulates over time to bring in a residual monthly income. Usually committing to a MLM you should not expect fast results; rather you should have a one to five year plan of action.