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How To Set Up Your Online Business And What To Avoid

By Regalian Seagal

The internet seems to be the cash cow of the 21st century. Alas, whether you like it or not, only a handful will succeed because they have chosen the wrong business type. Generally, depending on your needs, there are two major online business models. You will learn about these two types of business shortly and I will also talk about the potential problems that you might face when attempting them.

In the first online model, you need to spend a lot of time to work on it. You can start this business with zero or very little capital but be prepared to put in many working hours into the project. As you scale up your efforts by building more sites, you can see a spike in your earnings. However, if you need quick cash, you would want to be a freelance writer instead. A lot of these SEO guys pay content writers to write something for their webpages. You can earn anywhere between $10 to $50 a day depending on the quality of your work and how fast you can write articles. But the nasty thing about this is your income is a one time income and you are really limited in terms of the topics that you can write about. If you want to be a webmaster, you need to have some money to start with and you can succeed by building websites and directing traffic to them. Your sites can be monetized with ads or affiliate products. This is a good residual income as it will go on for years. However, if you do not do this properly, you will lose your investment and never see them again as your sites tank in the SERPS.

The second model is really exciting but you will need tons of money to get started. The good news is you do not need to deal with customers or be subjected to Google’s whim and fancy. This is stock trading. As with every other business, trading is very risky but highly rewarding but it is a psychology game where the risk of ruin is really high. As you can see, it is much riskier than the first model and you can never make a living off trading until you have built up your capital to a significant level.

With every online ventures out there, you need to be careful of scams and identity theft. If you are not careful, there are many hackers out there who might get hold of your account and siphon the money out of your bank. It is always advisable for you to consider the best identity theft protection. Now, when you are making purchases online, use a virtual credit card instead of your own debit card. It is much safer because the numbers are randomized each time.

Now you have all information at your fingertips, you are ready to tackle the online world. Just be careful with all the scams and hypes when you are going through the learning process.

To get more information, make sure you check out this website and learn the basics of online stock trading guide.

categories: internet marketing,stock trading,online business models,business

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Article Citation
MLA Style Citation:
Seagal, Regalian "How To Set Up Your Online Business And What To Avoid." How To Set Up Your Online Business And What To Avoid. 25 Aug. 2010. uberarticles.com. 25 Dec 2014 <http://uberarticles.com/business/all-you-need-to-know-about-doing-business-online/>.

APA Style Citation:
Seagal, R (2010, August 25). How To Set Up Your Online Business And What To Avoid. Retrieved December 25, 2014, from http://uberarticles.com/business/all-you-need-to-know-about-doing-business-online/

Chicago Style Citation:
Seagal, Regalian "How To Set Up Your Online Business And What To Avoid" uberarticles.com. http://uberarticles.com/business/all-you-need-to-know-about-doing-business-online/


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