A lot of you may want to start an online business without knowing what it really is. You may have heard of some guy starting a business online and making like a gazillion dollars.Or, perhaps a computer friend was telling you that he's dabbling in an online business. Or, maybe you really don't know and you're here to find out.Well, let's define a business as an entity created with the objective of making a profit from the sale of goods or services.Which makes an online home based business as a business that mainly conducts its activities online and operates from home.Definition of an Online Home Based Business
An online home based business is a entity created with the objective of making a profit from the sale of goods or services that mainly conducts its activities online and operates from home.There are many sites that advertises ad placing as an online business. Basically, in ad placing, you are paid to place ads for the site. The amount that you are paid depends on the number of ads that you place.
Is that really an online business?
I think that it depends on your attitude. Take an ad placer that looks at ad placing as a job. What do you think this ad placer will do during the course of his day? Place ads, of course. And that's about all that he will do.Let's take another ad placer with a business attitude. During his day, he would probably place ads. But a significant part of his day will be spent in looking for ways to place ads faster, or to outsource his ad placement, or even investigating the feasibility of starting a similar business.Many business owners will fall into the first category. Their businesses are making a good income, but they are not looking to improve their processes, or break into new markets.They are doing the same thing day in, day out, and earning the same amount every month. Their business has actually become a job.In an online business, with the Internet in constant flux and getting more competitive by the day, if you are not moving forwards, you are moving backwards.
To hammer home this point, let's add a second clause to our definition of an online business:
Definition of an Online Home Based Business.............!
- An online home based business is a entity created with the objective of making a profit from the sale of goods or services that mainly conducts its activities online and operates from home.
- This entity must, over time, find ways and means to generate more profit from less effort and/or resources. Pay close attention to the second clause. It is the difference between achieving success or merely making a living.
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