There's an audience for everything, even if it's as specific as dollhouse furniture or organic dog food. With a niche e-commerce store, you can reach customers who seek your specific products. Building a business in a niche market can help you differentiate yourself from other brands and build your credibility and expertise. Look to social media or your own consumer needs to come up with a product to sell online.
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.
Jack, my hat is off to you for your online success. I had heard about Wealthy Affiliate a few years ago, but never pursued it due to the need for more immediate income at the time. I had forgotten all about it until I recently became interested in affiliate marketing again. After finding a few scammers in the space, I came across Wealthy Affiliate again. Right away, I knew WA was the real deal and a great choice, so I proceeded to give it a test drive by signing up for the free account. I totally expected to upgrade quickly, but wanted to have a look around to be absolutely sure before upgrading to a premium account. After signing in, I was shocked to read the following statement on the next page, “Free Starter accounts are not available in your country, but we would love to have you as a Premium Member!”. Please understand that I am not sharing this to trash WA in any way, but I feel that others should be aware that there are exceptions to the free trial. I am an American who happens to be traveling abroad, so unfortunately due to geo-tracking, the country I am currently visiting is being blocked from their free trial offer. I’m not a “Cheap Charlie” and not just looking for freebies, but this experience has caused me to reconsider whether I should join WA as a premium paid member without trying it before I buy it. It should also be noted that I was brought to the checkout page to pay first and the only option I was given was the annual payment @ $359.
Thank you for the article! You really provided a fair explanation of how Wealthy Affiliate works. Since this is simply a guide on how to successfully create and run your online business, am I allowed to cancel my membership after a period of time? I know that you said that there’s no limitation to cancelling my subscription, but what would be the benefit to continuing as a member even after I have learned all I needed and I’m successful in my business? What will I be losing if I opted to cancel after I’ve been successful? I’m just trying to learn if they (the founders of Wealthy Affiliate) expect people to pay the monthly or yearly fee forever or until they’ve acquired the success they desire. I look forward to your response!
Owning and maintaining an online business gives entrepreneurs the freedom to make money remotely from anywhere in the world. The idea is enticing, and more possible than ever, but many entrepreneurs struggle with how to get started. The most important step in starting a profitable online business is finding a business idea that matches your skills and strengths.