Avoid These Pitfalls When You Start An Online Business

Many people have succeeded in generating a supplemental income as they start an online business, part-time–and so can you.People with full-time jobs are deciding to build their own online home businesses all the time. It is a good strategy to start an online business on a part-time basis.I recommend you “ease” into having your own online home business by holding onto your full-time job as you build your dream. So, it’s not only a good idea to build an internet business, but it’s wise to do so part-time. Here’s why.You see, the recession has made it clear that many of us are at the mercy of our employers. We have learned that having a job does not mean having job security.If you currently have a job, consider starting your internet home business (part-time) while you still have some security.Here are 5 reasons why you should start an online business (while you are still employed):1. You need money to build a business–even if you’re operating on a shoe-string budget. Start-up costs for an online home business are lower than those of a traditional business. The internet offers us the least expensive and simplest option for building a part-time business, and home businesses have no large overhead issues, like brick and mortar establishments do. Again, it is easier and less expensive to begin online.2. You can easily go global. It is cool to be able to grow your presence internationally. Besides, your customers don’t know you are part-time.3. Holding onto your job takes the financial pressure off of you and off of your company. We all know that it takes a while for a business to start showing a profit. A realistic time frame when you begin is six to eighteen months. So, try to be financially prepared for this.4. You will have time to hone your sales and marketing skills because you are meeting your financial obligations with your full-time job. Marketing online takes know-how. You should give yourself time to learn internet marketing and be prepared to invest in your training.5. You can still have a life if you carefully manage your time well. As a matter of fact, if you set your business up correctly, you may be able to make money as you sleep, 24-7 and internationally.(As a side note…I urge you to be sure to review your employment contract, especially if your online home business competes with your job. Also, your employer may frown upon you talking to your fellow co-workers about your company. So, be careful not to cause problems at work as you set out to start your online business.)Remember, you want to hold onto that job at least until your new company can sustain your lifestyle.More things to consider when you start an online business:1. Are you ready to stay current with the constant changes taking place on the internet? What’s your plan for keeping up-to-date with these changes?2. Are you technically savvy? If you aren’t, will you outsource the “technical” stuff or can you get the training you need?3. Are you willing to work hard in your home business, even when you see little results at first?Again, the goal is to get going and build a full-time income, on a part-time basis.How many hours will you have to commit to this?They say that you need two or three hours a night and more on weekends.So, to start an online business you will need commitment, effort and consistency. Again, if you set up your online home business correctly, you will begin and continue to make money even while you are sleeping.Are you ready to start your online business?