The internet changes so fast that one year online equals about five years in the real world. But the principles of how to start and grow a successful online business haven't changed at all. If you're just starting a small business online, stick to this sequence. If you've been online awhile, do a quick review and see if there's a step you're neglecting, or never got around to doing in the first place. You can't go wrong with the basics.
Pick an Interest. You must first choose a niche for your business. This could be anything from cars and electronics, to computers, clothing and food. It is best to select something that interests you and there are many highly profitable niches to choose from. But if you have no ideas on what you like and how to choose a niche Wealthy Affiliate will give you great ideas to pick any profitable niche which still has room to get in to.
Path #2: To leverage on a business that is already setup, just like MOBE. These programs offer you a license to promote their products when you buy them, and you can potentially earn a lot of money when someone signs up through your affiliate link. To make money with them, you’ll only need to drive high quality traffic to their business, and the business will take care of everything. Problem is, as a beginner, you will not know how to attract the right traffic, and that’s where most people fail (because they don’t have the fundamental knowledge about Internet Marketing). That is why I always recommend to start from Path #1, because you will learn the entire game of Internet Marketing from ground up.
There’s also the fact that Wealthy Affiliate is not and never claims to be a get-rich-quick strategy. You will learn how to build a real, legitimate online business and one that can earn you some serious cash, but just like any other business, it is going to take a lot of time, effort, patience, and support along the way. If you have realistic expectations, are willing to learn from those who have succeeded before you, and you’re willing to put at least 6 months into your business before you see any profits at all, then Wealthy Affiliate is a good place for you.
Unfortunately, I am not acquainted with Indian Tax law, so I am not able to advice you on this. But, I would presume that if you earn income from affiliate marketing, your profit from the business will be tax under your personal income. That is unless you create a company to run the operation, then it will be subject to corporate tax, and the dividends receive from the company will be subject to your local personal tax.
When I first started, it took me 2 hours during weekdays and 4 hours or more during weekends, and this schedule lasted for about 4 to 5 months. (That is till I got my first commission) Then now it is about 1 hour every weekday and 2 hours during weekends. Of course, I will work more if I have the time because I am passionate about my online business.
But Keale’s AWOL won’t return my email, and I’m trying to get my “no questions asked refund” it has only been 6 days. Should I report him to my bank or say a few things to get him moving faster? Jack please, I’m begging you to help me. I really am interested in doing the affiliate and I’m not in a hurry, I have studied this SEO and do have a BA in business. Thank you in advance.
Needless to say, I was blown away pretty quickly. Even by signing up for their free membership option, it was very apparent that Wealthy Affiliate does things differently. The community, recorded training, live ongoing weekly training sessions, live chat and support options, and business-like approach for beginners to pros alike really blew my mind.
Like other website builders, using Wix is sort of like leasing and customizing an apartment in a gated development instead of buying and owning your own house. You’re still in control of decor, cleaning, and everything living-wise – but you leave the construction, plumbing, security, and infrastructure to the property owner. That point is key because there’s usually a direct tradeoff between convenience and control.
To get your e-commerce business up and running, all you need is a web hosting service with an integrated shopping cart feature or e-commerce software. To simplify the shipping process, you can work with vendors to ship products to customers on your behalf. This can reduce the amount of inventory you need to keep onsite. [Related: A Small Business Guide to E-Commerce Shipping]