Most people believe that it is not possible to earn a considerable income from online business, this is not true. However I will endeavour to analyse and explain in details what online business is.
Online business is defined as a business done entirely online, either from person to person or from business to business. Most online business are classified as SMALL BUSINESS, and are actively engaged in offering goods and services online. Online business are divided into two model:
The Business Model
This can either be business to consumer, or business to business. In business to consumer, goods and services are offered direct to consumers, whereas in business to business, the main service is offering of relevant information out there to help others make informed decision about products and services.
The Merchant Model
This is where an individual sells goods and services directly to consumers. This can be either by an individual owning a website where goods and services are promoted, or goods and services sold via third part websites like Amazon, eBay, Shopify and others.
How to be successful online
Goal Setting – Like most important issues in life, it is important to SET A GOAL, and be consistent in working daily towards achieving that goal.
Take Action – Make sure you take all necessary action in reaching that goal, which among other things include learning the needed skills, and training required to make you succeed.
Do not be discouraged – Most good things in life required hard work, (because if it is easy, everyone will be doing it), and some failures for sure. The most important things is not to be put off by the failures, but to keep pressing on until you succeed. Failures are actually part of success in life. Hear what Michael Jordan once said:
Why I succeed – ‘I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games 26 times. I’ve been trusted to take the games, winning shot and missed. I’ve failed over and over again in my life. And that is why I succeed’.
Do you want to take a second look at online business model, do you want to find out which one will be good for you, do you know how to go about it?