1. Most Internet businesses fail because they never get meaningful traffic to their website or blog. If you decide you do want to start a home based business online be prepared to work hard at generating website visitors. As a matter of fact the most important thing you will do once you have your business set up and ready to roll is promoting it in multiple ways.

2. Your Internet marketing functions should be automated whenever possible. For example if you choose to promote using traffic exchanges purchase credits whenever possible and get exposure that way versus sitting and clicking on ads all day.

Another thing you can do to automate your business is use an autoresponder to follow up with prospective customers. In order to build your business and free up your time to do other things using your autoresponder is a great tool.

3. Whenever possible do the things you enjoy and outsource the rest. For example if you really enjoy writing you could spend the majority of your time writing articles and blogging.

You can hire someone to build your web pages, create graphics for you, and so on if you don't like the technical aspects of Internet marketing. Thanks to your ability to hire people all over the world outsourcing is fairly inexpensive.

4. Be prepared to incorporate forms of social media into your Internet business. Social media includes blogging, videos such as You Tube, audio, webinars, discussion forums and much more.

Today things such as social networking are an extremely important part of social media as well. Meeting prospective customers and business partners at Facebook, eEntrepreneur, and other places is a big part of having a successful Internet business.

Hopefully you are getting the point that having an online business is a lot of work. It certainly can be extremely fun to get up and work for yourself right from the comfort of your own home.

You might start a part time Internet business and then expanded into a full-time effort once your income is at the level you needed to be. Regardless of how you choose to do it be prepared to work extremely hard to be successful.