Who would not enjoy a little extra spending money each month? I know I never turn down money. Starting an online business can be a great way to earn some part-time income in conjunction with your full-time job.
A lot of times when people get into online business they dream of earning a full-time income and quitting their jobs. While this is definitely not a bad goal, and is entirely achievable, starting with trying to earn a part-time income is the way to go. Once you achieve that, you can try and scale it up.
Pick One Method And Stick With It
Are you going to offer a service? Are you going to sell your own product? Are you going to do affiliate marketing? These are all questions you should ask yourself to determine how you're going to earn extra income online. All methods are possible, but all methods should not be tried all at once. Focus on one method until you see success.
If you'd like to try the other methods as well, that's OK. What I recommend is to focus on one, then dedicate a small amount of time to one of the other methods. Once you figure out how much time you're going to allocate to the second method, only work on the 2nd method during the allocated time. No longer. This will allow you to stay focused on your original goal, while also trying to develop other revenue streams.
Focus On Earning Your First Dollar
Once you figure out how you're going to make money either offering a service or selling a product, trying to make your first dollar is where some of the biggest challenges come. This is where a huge portion of the learning curve exists. Because of this, the old adage, "Do not quit your day job" applies. The pressure of having no other income source motivates some people, but it makes most people panic. All this usually does makes them desperate to succeed, so they bounce around from method to method to find that "magic bullet" that is going to make them rich quick. Usually they never find that "magic bullet". So I feel it's appropriate to say, "Do not quit your day job."
Build It Up
Now that you've got your product or service, and your first dollar in your pocket streamline your process. Figure out ways to tweak your marketing, sales copy, or whatever else you're using to optimize your business. Once it's optimized and making you consistent money, you're ready to scale your model up to help earn a full time income from your internet business.
Many new internet marketers dream of finding a "magic bullet" and making a full time living immediately. We're swayed by the dreams of riches the "gurus" promote. This can happen, but it's very rare … like winning the lottery. Earning a part-time income is not as exciting as the "magic bullet", but it's entirely achievable, and attainable. Once you attain a steady part-time income, a full-time income is just around the corner.
Source by Greg W. Scott