To begin with, you need to get yourself up to face the challenges you are definitely going to encounter on your journey to making money on the internet.
What you decide determines the course of your life. If you approach your Internet business or any other business at all as a “get rich”, hit it big in the shortest possible time kind of thing, you are setting yourself up for failure! Let me tell you, if you rush in, you will rush out!
When you look at the Internet arena in the world now, you will clearly understand exactly what I am saying. Many self proclaimed “gurus” have failed! So many “money takers” are out of business and so the trend will continue because they failed to learn and understand the rudiments.
While I am not discounting the fact that you can make plenty of money in online business and I absolutely believe the claims you see online where people say things like “How I Made x$ million in 1 month”; I am going to explain the background of those earnings to you in due course.
Those figures are real but there are foundations to those facts and when you try to pursue it without those foundations, your journey to doom begins.
That is what will ultimately happen to you if you fail to heed to my advice and when it happens, you will have yourself to blame. Your first and primary objective should be to learn how to make things work!
Try as much as possible to know the risk involved. I am not trying to scare you but I want you to see this business as any other business which has element of risk. Some people failed to make money online because of careless way of doing things, when their eyes got opened and they discover loss they rush out. No, that is not the way, take your time and understand everything before you venture into it.
Get yourself equipped with knowledge! Read! Subscribe to newsletters relating to Making Money on Internet and buy e-books! This is the greatest investment you will be making when you want to make money online.
You definitely know that you have to invest in business before you can make profit, so have it in mind that you are going to invest your time and money! Buy and read books for you to be well informed!
… My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee… (Hosea 4:6).
A Desktop or Laptop Computer (not Mobile Phones/Blackberry) – If you want to perform well as an internet worker, you will need a functional Personal Computer (PC). This can be a desktop computer or a laptop computer that can be moved about to work anywhere and everywhere. Mobile phones or blackberry should not be substituted for a PC.
Basic (Little) knowledge of Information Technology (IT) – Understanding the basic concept of Information Technology is very essential. Most people are afraid of starting internet because they don’t know much about IT. Some internet marketers don’t know about IT as well however, it will give an advantage if you have the basic knowledge of IT. You will find it easy and friendly browsing the internet and doing your business.
Access to internet– Before you can be successful working on the internet, you must have continuous and permanent internet connectivity. Using and working in an outside or public café might expose you to internet predators and you stand the risk of being hacked and duped! It happened to me before! So I am now allergic to working in an outside internet café.
An e-mail address– You need a viable e-mail address that can be accessed any time for subscription to many newsletters, verification and activation of registration to certain sites that will need your e-mail address to confirm that you are you and not any other person.
A website or blog – To make great success, you need your own website. As it stands, some internet marketers often say that to market affiliate products, you don’t need a website. But the truth is that when you sell a product without a website, your commission will be smaller than when you sell from your own website, if you want to build your online business and make money while you are sleeping or doing other things, you need to get your own website which will also enable you to capture leads and build up your list. To get a website doesn’t cost much but it is a good foundation for internet business.
A blog might have a huge impact on your visitors, but a blog with a forum opens up more opportunities for growth and sales! Use every element to your advantage.You can know in detail how to design and host your website or blog at the corner of your room without paying cut throat amount.
Few hours of work weekly– you must set aside certain specific period of time every week to work if you are a part time internet worker or dedicate your whole working time if you want to be a full internet freelance worker.
Credit or debit card– You need to obtain a credit or debit card. This is very necessary because as a business you need to invest and spend money as well. Your credit or debit card is very useful if you want to make purchases (e.g. buying software and e-books).
Decide how you will want to receive your earnings– Will you like to receive them through cheques or through transfer? In fact, there are many ways to receive payments. You can receive you money through:
i. Domiciliary account
ii. Liberty Reserve
iii. Graphcard / Virtual Terminal Networks (VTN)
vi. Wire transfer (through banks)
vii. Money gram and so on.
A domiciliary account– is a means of cashing foreign bank cheques. Many Nigerian banks will open domiciliary account for you after verifying your true identity and that you are not going to use the account for fraudulent activities.
Liberty Reserve-log on to there website and follow the steps below to open Liberty Reserve account.
i. Click on create account.
ii. Fill registration part 1 & 2 and click agree.
iii. Go to your e-mail and get your account number to continue the next step.
iv. Personal secret information will be provided for you, keep it safe and don’t let any body have access to it.
v. Follow the screen instruction and complete the registration.
Graphcard– This is the most vital step you should take to guarantee your success in online business because in some countries, if you use your local address, more than 90% of online surveys and other freelance jobs will not be sent to you. Even when you have changed your I.P address, it is advisable you change your address to foreign, preferably a USA address.
The solution to this need is provided through Graphcard.The only thing you will do is to log on to there website and open an account, it is free of charge. After opening the account you will then request for a virtual address and possibly a telephone line.
A virtual address is an address that is made just for you which mean it will be personalized for you and cannot be used by another person. When you request for it, you will be asked to pay certain sum of money monthly. Immediately you pay it, they will send to you your own virtual address.
Note: All Graphcard addresses are similar, what differentiates one from the is the PMB Number.
Virtual Terminal Networks (VTN)– is a subsidiary of Graphcard. It is very easy to fund your Graphcard account through VTN and you can easily withdraw or cash your earnings from Graphcard as well. Registration and signing up is free.
PayPal – PayPal is one of the best efficient means of receiving your earned money online.However, I want you to be very careful when using this method. If your country is listed as one of PayPal’s supported countries, you will have no problem with PayPal and you can transfer very huge amount into your PayPal account.
If you have someone in any of the Asian or European countries who can help you get a debit or credit card to verify the account and who is willing to allow you to use his or her name and address on the PayPal account.
This is best for people who have their brothers, Uncles or whoever in one of the PayPal supported countries. However, I will not advise you to give them the access to your account.
With PayPal, you will have no problem with transactions less than $1,000 but make sure you don’t receive more than $1,000 in that account ( except of course you have someone in any PayPal supported countries and you are using his or her details ). Always make sure you have a way of using the money in your PayPal account before accepting funds into the account.
If you like, you can sell it to people who need it. All you need to do is to place adverts on appropriate marketing forums you know. And there is always demand for it on a daily basis.
Another way to use your PayPal funds is to send it to someone who is in any part of the world were they can receive and send money via PayPal and have this person send it back to you via Moneygram.
Another way to use PayPal funds is to use it to buy Liberty Reserves and sell the Liberty Reserve.