Once you have made the decision to earn internet income you will need to go through a set up process to be ready for your online home based business.

Here are the basic steps in setting up for online home based business success.

1. Your Attitude

Attitude is the key to your business success and it is very important, from day one, to treat your business like a business and not a hobby.  This applies whether you are working part-time or full-time.

If you have a hobby attitude you will have a hobby income and if you have a business attitude you will have a business income.

It is a fact that you can be successful working part-time and you can be successful working full-time but it is highly unlikely that you will be successful working in your “spare time”.

2. Your Working Environment

You need a space that you can call your own that is free from distractions for your scheduled working time.  Be sure to get a comfortable chair and maintain an organized desk.

A good up-to-date computer and consider the value of a broadband connection.  As your time is valuable a broadband connection can allow you to get more done in a given time frame.

3. Your Schedule

You need to develop a schedule that works for you, your family and your business. Be sure to work during the times you have allocated for work and schedule time for your other commitments such as family time, health time (e.g. cooking, eating and exercise), self development (e.g. reading, viewing and listening) and of course leisure time. Don’t work during these other times. One of the reasons to work from home is to spend more time with your family so you don’t want your working at home time to consume your family time.

As you are working for yourself, consider your schedule your boss. It will be up to you to make a choice when you have people calling you or dropping around unexpectedly or maybe out-of-town visitors may want to catch up with you. These situations will determine how committed you are to your own business success and what your choice will be in these situations. You must decide what is important to you.

It is important that you discuss with your partner and children to have your business time agreed upon, so that you will not be interrupted. Place your schedule prominently somewhere so all family members are aware of your work schedule.

4. Prepare A Description Of Your Business

Prepare a powerful one or two sentence description of your business that someone can repeat in describing your business to others. Invaluable for promoting your business is a unique and memorable tag line .

5. Get To Know Your Product or Service

When you have decided on what product or service to sell, whilst it may or may not be something that you use yourself, you need to know your product intimately. For example, if you are selling ebooks then know the content and its value or if you are selling software then use it so you know it inside out. If you do this then you will develop a reputation of providing quality information and because of your product knowledge you can become the preferred supplier.

If it is not practical to use certain products (e.g a man may choose to sell women’s clothes or vice versa) then be sure to know the benefits and features of the product intimately.

6. Administration

From day one it is advisable to use good record keeping practices. 

Consult with a tax advisor who can let you know about the optimal way to set up your financial records and what records need to be kept. They should also be able to recommend record keeping systems and you can find out what software may simplify this aspect of your business. Also obtain advice on the best arrangement for your bank accounts as you will most likely be advised to have a separate bank account.

Something else you will need to keep track of is your various logins, usernames and passwords for your online activities. Treepad (http://www.treepad.com)is a very handy little software tool for this, available as either the free Lite version (without password protection) or the commercial Plus or Biz versions.

Also there are other useful tools for this from a simple paper notebook to free and commercial password keepers. A popular solution is Roboform (http://www.roboform.com) that will remember your login details and can automatically fill out your login and other registration forms.

7. Your Computer Protection

As your computer is the lifeline to your business dealings it must be protected including the data that is stored on it.

Never operate without a virus scanner, personal firewall, anti-spyware and anti-adware and preferably an email scanner with the ability to delete suspected spam email from the server before it is downloaded to your computer.

Here are some suggestions:

AVG Anti-Virus: http://www.grisoft.com

Spybot S&D: http://www.safer-networking.org

Microsoft Anti-Spyware:

www.microsoft.com/athome/security/spyware/software/default.mspx

Adaware: http://www.lavasoft.com/

Mailwasher Email Scanner: http://www.mailwasher.net

8. Your Domain Name

As you will most likely need a domain name for your business here are some cost effective registrars: Name Cheap, HostGator  (add my add links).

9. Your Payment Processors

If you are selling online then you will need a way to process credit cards such as PayPal – https://www.paypal.com or AlertPay – https://www.alertpay.com/en/Default.aspx

This is the most economical way to get started and once your business picks up you may need to look into getting your own merchant account for credit card transactions.

10. Your Email accounts

When you have your own domain you can use an associated email account and this can further assist in the promotion of your business and promotes a more professional business image.

A final comment regarding your internet business, conduct your business ethically, be proud to put your name to the products or services that you are selling and provide extraordinary service and you will be on track to developing a sustainable long term online home based business.

Related Posts:

Tagged with:

Filed under: online home based business

Like this post? Subscribe to my RSS feed and get loads more!