All right, I am going to give you a basic solid foundation on how to potentially make a nice extra stream of income all online, no guarantees of course. This does require you to think a little, but the good part is you make all the decisions! There is no need for you to join some type of scam site, all you need is this legit information ;). I believe that one of the simplest and effective ways to make money online is by simply writing up your own information product or ebook and selling it through your own site.

Step 1 : Think of a solid business plan

Before you take off writing anything, you need to make your own business plan. You need to set both short term and long term goals and determine the proper accounting for your business. How much will it cost to start up, and how much do you currently have?

If you do not know html or have no clue about putting up a website then will you pay someone to do it for you? How much money are you predicting to make in the first six months? How will you raise the capital to start up with? Well, just to tell you, starting your own online business is very cheap compared to an offline one.

In matter of fact, all you need is about $1000 to start up. This may seem like a lot, but let’s say that you invest $1000 in your business, and 6 months later netted in $100,000. I do not know about you but that seems like a darn good return on an investment. That is what I love about the internet…. you can start up for next to nothing and make tremendous returns on your investment. It would be very difficult to invest little money in an offline business and generate extreme returns. So, just to tell you, if you are new to the game then here is what your start up costs will most likely look like.

Start up costs

Asset One: Domain name/Hosting: An example of a domain name is www.google.com. An example of a hosting service is godaddy. This is where your website servers will be hosted at. It is like renting space for your website online, very similar to real estate.

Costs: Around $20-$30 per month.

Asset two: Website professional done: You can hire a good graphic designer on a freelance service and have them do your whole website for you in matter of days! The good news is it is very affordable.

Costs: Some will do your website for as low as $200-$300 USD.

Asset three: Autoresponder: You can get a good autoresponder for around $10.00 USD a month. This is critically important so that you can snatch visitors contact information that come to your website. Once you collect their information, you can keep in touch with them throughout the years. If they come on your site and leave then you will most likely not see those visitors ever again. So, always have a way to collect their information, and an autoresponder is a great way to go about this.