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Steps to creating an online business

by Dr.Liew

At this critical time of economic stagflation where the prices of essential stuff such as food and gas are soaring, every family need extra income to combat the rising cost of living. However, as the unemployment rate is also high, it is difficult to get part-time job. Fortunately, in this era of the knowledge economy, everyone has the chance to make money from the Internet in the comfort of his or her home, provided you know the way to do it. The best e-business model for a layman who doesn't have much capital is the undoubtedly the home based online business. Many big Internet corporations provide some sort of affiliate programs for people to join for free and earn money in the form of commissions. The most notable ones are Amazon.com affiliate programs and Google's Ad Sense. I join these two programs and I am able to earn enough part-time income to pay for the whole family monthly living expenses, including gas and food, and I am able to keep most of my salary from my full time job in the bank or invest in capital market. Further more, I am creating a legacy income as it has become like an estate where it can be passed down to the next generation! Does this sound too good to be true? Let me tell you this is not a scam and everybody can actually make it if you follow the guidelines which I am going to share with you.

The very first step to create a successful online business is to identify a niche market in which you have something to sell, be it information or products. This must be an area that you are good at in terms of interest, experience, skill and knowledge that you can share with other people. For example, I am quite good in Visual Basic programming language, so I created a Visual Basic tutorial website that teaches people Visual Basic programming. This tutorial website has attracted nearly 4 million visitors since its inception about ten years ago; I think this is quite an achievement for a personal website. Although a niche market might be a small market in the traditional term, it can be very big in the Internet because of its global reach. There are many areas of interest which you can write about, some of the examples are computer and Internet, education, health, cars, stamp and coin collection, sports, movies, music, literature, science, art and so on, and the list is endless.

After you have identified a specific area of interest, you can then create a website based on this area. You must create a good website so that it can attract many new


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