Ever wondered to yourself, how to be successful in an online business? You see or hear about stories of how people are getting it right all the time. Can you be one of these success stories? Absolutely!
Day in day out some people have a life where they get up whenever they feel like, don’t have to worry about traffic to go to work, or what clothes to wear for “work” or even what the time is.
Why?
Because they have a fully fledged online business that they have built, that’s sustaining them and their families. The income from this source is paying their rent or bond, cars, holiday flats, and spending expenses.
Previously I chatted about the essence of having a passive income business, whether it’s online or not. Today, I want to show you what key elements to look for, to be successful in an online business.
There is so much going on in the online world. The point of this article is to save you valuable time, instead of it being wasted by looking for an opportunity, ‘like a needle in a haystack’. Secondly, I will give you tips on what to look for when selecting a suitable teaching business platform.
The ultimate goal is to make sure that once you sign up for any online business, you are doing so with confidence and know that you are in good hands.
Does that sound cool? Great! Let’s move on!
What are the Key Elements that Make up a Good Passive Online Business? – 3 Essentials.
1.Proven Formula
This is choosing a model or platform that works time and time again and continuously shows promise.
e.g. Rental Property
I know that the subject is focused on online business, but I would like to use this opportunity to illustrate my point.
Say for example, that you’ve invested into property and decided to lease it out. You are now generating cash flow from this ASSET. Over a period of 10 or 15years after having paid off the property, you start to bring in a residual income that is PROFIT(money in your pocket).
On the same note, you find an online business that you can invest your time and energy in, where you can build up a solid foundation. After a certain period of time, it starts generating a PROFIT that keeps GROWING and GROWING!
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2.Not too EXPENSIVE to get into
Rental property is an excellent way to start earning a passive income. However, there may be one problem- THE MONEY FACTOR.
Personally, I am unable to afford it, at this moment.
I do feel a sense of regret though.
Why?
Because there was a time I had some money and property was at the perfect price. It was the perfect time to get my passive income portfolio off the ground, but I did not act upon it.
One of my biggest obstacles that prevented me from doing it – MY FEAR.
A fear that I did not have a large enough amount to put down as a deposit for the purchase. However, time and ‘life experience’ are our greatest teachers, and I have learned to overcome it. It is what it is.
Getting back to the point. You would want to get into an opportunity that,
- Is not going to BREAK THE BANK,
- You can RECOVER from, even if for some reason it does not work out.
Now it’s true that I don’t know your financial position. Therefore, I humbly and respectfully request of you, to try to have an open mind with regards to my recommendations. This is what I think is “affordable” to invest in.
I feel that my recommendation is “reasonable.” and it fulfills both the criteria’s I mentioned above.
3.It must be LEGAL
You really don’t want to invest into something that is AGAINST THE LAW.
I’ve often heard that the easiest way to make money, is to do it illegally.
Whether this is true or not, I can’t tell you. However, please, please, DO NOT follow this path.
Yes, it may be tempting, it may sound easy to earn that few extra bucks.It may even make your life easier….but do not do it. It’s not worth it.
I believe that with HONEST hard work and perseverance, you can make tons of money legally.
In this way, your conscience is clear and in your heart, you know that this business is all above board.
⇒⇒START BUILDING YOUR ONLINE BUSINESS USING THE BEST TEACHING PLATFORM.LEARN MORE HERE⇐⇐
4. Scam Check
Having talked about not following the illegal route, I feel another element to watch out for, is to make sure that this online business model or platform is not a SCAM.
Sometimes, the opportunity ‘appears’ to be legal and have great aspects attached to it. They are marketed this way, to lure people in, and are disguised as ‘stable and sound’ operations.
You need to be aware of this. The practice of spotting scams will come to you over time.
No need to stress here though. My site will talk about these various scams that are doing their rounds.
If you would like for me to review a business opportunity for you and are not sure if it is a scam or not, let me know.
I will do the research and get back to you.
5. Your Online Business Must be TRENDING- for You to Survive
What do I mean by this? It must be able to provide a solution for your customers. It needs to deliver a product or service that people want and need.
For you to make the right choice on what to get into, look around you. See what is going on, look at the economy.
Are people struggling with having to make ends meet? Is the cost of living on the rise and how are people spending their money?
All of these aspects can help steer you in the direction of choosing a great idea for an online business.
Luckily for you, you don’t have to search for a product or service to offer. I have recommended an awesome service that is trending and will be trending for as long as time permits, that you can offer to the online world.
Check out my YouTube video to learn about this amazing online business teaching platform.
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6. It’s All About You
You found an online business opportunity that has all of the above ingredients.
It has a proven formula, it’s not that expensive to invest in, it’s not a SCAM and it’s LEGAL.
Finally, it is something that people want or need. So you will NOT be short of customers. What’s missing?
You GUESSED it ……YOU!
There is no way around this one. To make anything work for you, YOU have got to want to do it, with your heart and soul.
You may get frustrated at times and feel like it’s not getting anywhere. This is when you think of others that have gone through it, done it, and made it a success. Then say to yourself, that you too, CAN and WILL do it.
Check out these two awesome success stories. It will inspire you, and will only take a few minutes to read.
If these stories are not enough then check out this post, “Why Failure Leads to Success- The SECRET Of Famous People.”
The bonus is, that you will get to experience some really awesome moments, once you have pulled through.
To finally get to see your business make a profit is an awesome feeling.
Imagine you wake up one morning only to find $30 in your account. The next morning it doubles, then triples and so on.
This is the beauty of an online passive business. It earns for you all the time. Sounds great, doesn’t it?
Well, now it is here for the taking and I know you’ve got what it takes.
So, here is my recommendation to get you started in the world of online business. It’s free to join. You can test it out first and then decide if it is for you.
⇒YES, I Ready To Start Making Money Online⇐
Conclusion
Thank you for joining me here today. I hope that I have given you a better idea of how to be successful in an online business.
These elements can be applied to not only when you are looking for an online business, but any other business venture that you choose to get into.
I find that a lot of times it is about trusting yourself and listening to what your heart and gut is telling you.
If something does not feel right, do not go for it. Something else will come along. Just give it time, and be open and aware of what is happening around.
Hope you enjoyed this article. Please give it some shares with friends or family who you think will benefit.
Let me know your thoughts in the comments box below.
Looking forward to hearing from you.
Regards and Take Care
Roopesh
Hi Roopesh
I agree with your points. As you mentioned it all boils down to the individual to take a step of faith. Fear is definitely a big factor that prevents a lot of people from stepping out. Every journey begins with a step so I urge your readers to step out.
Hello Godfrey
Absolutely, a lot of the battle has got to be won from within first. Once this internal struggle is dealt with, everything else becomes more manageable.
Thanks for the awesome advice.
See you around
Regards
Roopesh
Hi, Roopesh.
This is a great roadmap to success. The introduction was very intriguing and reminded me of my plans and the goals I’m trying to achieve. Many people are making thousands of millions of dollars each year online, so why not join them, work hard and have our piece of the pie as well.
You provided some arguments and the success stories you shared here are very inspiring.
Thanks for this motivating lesson.
Regards,
Imad
Hi Imad
I agree with you. It may take some hard work and lots of time, but at least you are working towards building your own business.
Glad that you enjoyed reading the stories. It shows you, if they can do it, then so can you.
Hope to see you around again.
Take Care
Roopesh
Hi Roopesh, thanks for the great ‘how to be successful’ page. I have been tring for years to do something online that will enable me to finally retire or at least work from home, if not put my feet up! Passive income would be great, but a lot of sites that offer that are scams, so I will take note of all of your points and try to realize my dream in the not too distant future 😉
Hi Ian
I believe that when the time is right, everything will fall into place.
Take your time and work at your pace. As long as you do something, know that you are working towards your goal.
Glad you enjoyed the article.
Thanks for stopping by.
Regards
Roopesh
Thanks for this helpful article, Roopesh. I just started my own online business which is more on blogging and I’m a bit confused if I’m on the right track to establishing a source of passive income online. The thing that bothers me is, while I’m building a blog, most of my friends on Facebook are busy building fan pages and spending money on FB ads. You said here in your article that for us to succeed, our business must be trending. But in what I can see in most of my friends, it looks like their kind of businesses are the ones that are trending and only few people these days focus on blogging. What do you advice for me? Should I continue doing this or follow what my friends are doing?
You are most welcome.
Congrats on starting your own online business. I think that Facebook can be used as a great marketing tool for your online business. I think that blogging is just one way of making money online. Some folks make a full-time income just from YouTube.
So it really all depends on you and what you enjoy doing. I think that you have to do what resonates with you. the key is to be consistent and disciplined in what you are doing.
Another secret —- if you want to be a success in a certain area, find someone who is already a success and follow them, If you can get them them to guide you even better. Wealthy Affiliate is not short of positive role models and tons of successful people. If you follow them, you get to see what is trending and just follow the path.
Everything of the best to you and your business.
Regards
Roopesh
This information is what I am looking for. I have tried a few online businesses but I’m not happy with my result. Many programs will tell you how easy it is to make money online. After spending lots of time and money, I did not make much money.
You are right. I have to choose a proven system that will teach me how to do online business. Is the system you recommended, provide good training? I have a full-time job, and I only have time to learn on the weekend.
Thank you for all the helpful information.
Wealthy Affiliate provides step-by-step training. The great part about the training modules is that it covers the topics in bit-sized chunks. That means that you can do bit by bit over time. This gives you flexibility and allows you to build your business whilst you have other obligations such as a full-time job.
Hope that this answers your question.
Let me know if there is anything else that I can help with.
Kind Regards
Roopesh