This guide is basically all about the first steps towards setting up a successful and most suitable form of online business to YOU.
Based on aspects like what you do best, what time you have for yourself, your location e.
t.
c.
We tackle the following in brief detail (Noting the fact that there is a wealth of information in the internet and it is up to you to dig out the details).
1.
The online business kit.
2.
Looking out for opportunities on line.
3.
Due diligence on business start up.
4.
Growing with the business.
5.
An example of a beginner friendly online business opportunity.
1.
The online Business Tool Kit: Think of yourself as a mechanic and out for a job.
There are basic tools that you will need, even before you know exactly what you are up to.
The same goes for online business and the following are vital.
Do not even contemplate online business if you do not have the following.
a.
E-mail address: Please recall that, as we earlier saw, it is best to start an online business as a different entity from the REAL YOU! Split personality is a vital element.
An email address is like the physical address for your business.
It is the backbone of all communication that will ever come to you.
Opening a distinct email address is important because it will not only keep your regular email account from spam email, but also not jeopardise you, for example by leaking your sensitive information to fraudsters.
The new email address will only carry business information.
It should have a 'businesslike' name and not your ID name.
b.
e-currency account: This is the virtual money account where all your money transactions will take place (Both withdrawals and deposits).
Remember that direct money transactions are not only cumbersome, but also very risky! These accounts are usually linked to your email address and any transactions will have to be personally authorized by you, the account holder.
There are various e-currency/merchant account providers, all of whom charge a small transaction fee.
Common examples include i.
PayPal ii.
AlertPay iii.
Moneybookers iv.
Liberty Reserve As a beginner, I suggest you open the first three accounts (it costs you no more than a few minutes).
Make sure you keep your passwords as ambiguous as possible.
You will receive your passwords on your email.
You can get these any time from there.
Important: Use your new email address.
c.
Internet access and time: It goes without saying that you will need some time online in order to transact this business.
Depending on what you decide to undertake, this will range from a few hours per week to hours per day.
If you work in a cyber cafe for example, you can take a full advantage of the opportunity to supplement your income without absconding your duties! d.
Business Acumen:There are basic business instincts and values that one needs to venture into any form of business.
Some of this include: a.
Patience b.
Personal discipline c.
Sacrifice especially on time d.
Due diligence and research e.
t.
c
Based on aspects like what you do best, what time you have for yourself, your location e.
t.
c.
We tackle the following in brief detail (Noting the fact that there is a wealth of information in the internet and it is up to you to dig out the details).
1.
The online business kit.
2.
Looking out for opportunities on line.
3.
Due diligence on business start up.
4.
Growing with the business.
5.
An example of a beginner friendly online business opportunity.
1.
The online Business Tool Kit: Think of yourself as a mechanic and out for a job.
There are basic tools that you will need, even before you know exactly what you are up to.
The same goes for online business and the following are vital.
Do not even contemplate online business if you do not have the following.
a.
E-mail address: Please recall that, as we earlier saw, it is best to start an online business as a different entity from the REAL YOU! Split personality is a vital element.
An email address is like the physical address for your business.
It is the backbone of all communication that will ever come to you.
Opening a distinct email address is important because it will not only keep your regular email account from spam email, but also not jeopardise you, for example by leaking your sensitive information to fraudsters.
The new email address will only carry business information.
It should have a 'businesslike' name and not your ID name.
b.
e-currency account: This is the virtual money account where all your money transactions will take place (Both withdrawals and deposits).
Remember that direct money transactions are not only cumbersome, but also very risky! These accounts are usually linked to your email address and any transactions will have to be personally authorized by you, the account holder.
There are various e-currency/merchant account providers, all of whom charge a small transaction fee.
Common examples include i.
PayPal ii.
AlertPay iii.
Moneybookers iv.
Liberty Reserve As a beginner, I suggest you open the first three accounts (it costs you no more than a few minutes).
Make sure you keep your passwords as ambiguous as possible.
You will receive your passwords on your email.
You can get these any time from there.
Important: Use your new email address.
c.
Internet access and time: It goes without saying that you will need some time online in order to transact this business.
Depending on what you decide to undertake, this will range from a few hours per week to hours per day.
If you work in a cyber cafe for example, you can take a full advantage of the opportunity to supplement your income without absconding your duties! d.
Business Acumen:There are basic business instincts and values that one needs to venture into any form of business.
Some of this include: a.
Patience b.
Personal discipline c.
Sacrifice especially on time d.
Due diligence and research e.
t.
c
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