| After deciding an online business is your choice to | | | | 6. Next on the list is finding your area of expertise |
| create an extra income stream, what do you do next? | | | | 7. Then finding what to sell...physical or digital products. |
| There are so may programs and plans out there to | | | | If time is invested in doing this basic and necessary |
| choose from, you could grow old and go broke, just | | | | research up front, it will save you literally thousands of |
| searching through them all. Every thing under the sun | | | | dollars and thousands more in wasted man hours, not |
| seems to be available to-day! | | | | to mention reducing frustration and confusion levels as |
| You name it, someone has made it or is selling it online, | | | | you go along. |
| somewhere. | | | | After carrying out this research and compiling a |
| It is like a kid going into a lolly shop, their eyes glaze | | | | business plan of sorts, it could be 3 to 6 months down |
| over with joy and anticipation at the thought of | | | | the track. Do not despair. There are thousands of |
| chomping into all the chocolates, lollies and sweet | | | | people who have been online now for 10 or more |
| treats on offer. So it it with a novice, searching for an | | | | years, still earning nothing, who wish they knew how to |
| answer to their dilemma. | | | | do this before they started searching online. |
| The first thing is to realize you will be establishing a real | | | | Golden Nuggets to take away from this 22nd Article in |
| business. | | | | a 24 Article Series; |
| | | | - Regard this business as a real business and take |
| 1. Next, is to see your own accountant for a quick chat | | | | appropriate steps to set yourself up in business. |
| and let him know that you are intending to earn an | | | | - Be prepared to invest the first 3 to 6 months learning |
| online income. | | | | about the industry, marketing and business models |
| 2. Income Tax is assessed on an Australian Resident, | | | | available online. |
| regardless of where they earn their income | | | | The opportunities to earn large amounts of income |
| 3. Next, is to search out what incomes are possible | | | | online is almost unbelievable. Check out John Reese, |
| online, so you have an example that it can be done | | | | million dollar day...Google that term. There are plenty |
| 4. Then research various business models to create | | | | more online businesses who have done much more |
| your own business plan around | | | | than that. Most people would probably be happy with |
| 5. Then find out about some marketing models and | | | | enough to replace their full time job. It's a fun and |
| choose one to suit you. | | | | exciting decision to make. |