How to Set Up your Own Online Business in 2008

By: Srini Venkataramani

Ebay

Ebay has grown into the world's largest online store in less than ten years and posts close to double digit growth in customers and profits year after year. Experts have cited their site's bullet-proof auction model and ease-of-use as the reasons for their success. You don't even need a website or have a customer base to start selling on Ebay. To get started, just register at Ebay.com and create an account. You might also want to get some basic Seller training for free at their site to get your feet wet with the idea of selling online. If you have not bought anything from Ebay yet, I recommend that you give that a try, again just get a good feel for things and have some fun doing it. I know what you are thinking, what items should you sell? Well, just look around and I am sure you will find some old items or holiday gifts that you can part with. That's how most people start on Ebay. Once you have made a few sales on Ebay, you can always focus on the products that are selling well and you are making a bigger profit margin on, and establish a reliable supply of those items from a local store, Etc. In exchange for a few hours of your time, using just some existing items at home, Ebay is perhaps the best way to get started online.

Affiliate Marketing

Another winner in the online business space is Affiliate Marketing. Affiliate Marketing is the process of promoting and selling products that other people make online without having to stock anything yourself or investing any money in creating those products. You simply sell them and make a commission. There are thousands of affiliate programs online. You could search for almost anything like "Guitar Lessons" and add "+ Affiliate" on Google and chances are that you will some affiliate program for that item. Amazon.com has one of the oldest and the most successful affiliate programs on the Internet, which may be a good place to start. Commissions on physical products such as books or electronics are usually lower (5-10%) than on digital resources such as E-books and software (even 50% or more sometimes).

Blogging

A blog is simply a web page that you use as a journal for sharing your thoughts on anything under the sun with the rest of the world. It is a great exciting way to express yourself online, meet like-minded people and at the same time, make some money. The best part is that is that it is very easy to get started. Just visit blogger.com and you should be able to start a blog in less than 10 minutes for FREE. You might want to blog on a topic that interests you a lot because that makes it all the more fun and improves the chances that you will post on your blog often, which is important if you plan on making it a business. You could blog about anything really - your hometown, your bus ride to work, your hobbies, your current situation in life. However, staying within a specific niche is helpful since it helps build an audience base that might be people with a specific interest. If you make your blog interesting enough and drive some good traffic to your website, you can make money with Affiliate programs or Google Advertisements on your blog, which are both very easy to set up.

Get Paid To...

If setting up a blog or finding things to sell on Ebay is not your interest, I still have something for you. There are several 'Get Paid To' programs that involve filling out an Online Survey or participating in Focus Groups, Etc. There are several companies that need surveys and focus groups done as part of their marketing process and hire other companies to conduct these surveys for them online. To sign up for these, all you need is a PC with Internet access and you are on your way to making some extra cash in your spare time. Watch out for some companies that will make you pay for taking part in these surveys and focus groups. Stay away from those since you should not have to pay anything to participate. There are plenty of legitimate free ones out there that you should target.

If you are interested in any of these ideas or want to learn more interesting ways to make money online, I welcome you to visit my website using the links below.

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