5 Golden Rules to Make Money at Home Online

The growth in the number of people who have made the decision to make money at home online is huge, and I certainly can only see that number growing as time goes on. There are various

factors that influence this growth – the loss of full time jobs due to the downturn in the economy in many places, the need for supplementary income and the desire to get a better work/life balance. However, I have developed 5 Golden Rules for anyone who speaks to me about going down this route and I advise anyone contemplating this direction to really consider them seriously.

Golden Rule No 1: Be sure it suits you.

Why do I have this as my number 1? Well, it takes a certain type of personality to work from home and for two main reasons. Firstly, you need to be someone who can work without any supervision, and do not need the company of others, and not everyone can tick those two boxes. Secondly, you need to be very organised and disciplined – if you are not you will waste an enormous amount of time and probably fail. If you cannot answer positively, and honestly, to those two questions, you may have to reconsider your decision.

Golden Rule No 2: Do something you enjoy.

Your driver to work from home may be financial, but unless you are doing something you enjoy you will soon burn out. To make money at home online can be quite a solitary occupation, without the stimulation of others around you. So, unless you are doing something that really motivates you and you find engaging, it will be difficult to get through the difficult times, which you will have, if it is not something that you have a passion for.

Golden Rule No 3: Find a Mastermind group.

Because working at home is a solitary occupation you do need to find like minded people who you can share your thoughts and difficulties with, and who come together to brainstorm ideas to grow your business. These groups are everywhere so you just have to find them – and they meet either in person or online. Trust me, you will need this. I have always had my own version of a mastermind group – don’t be put off by that title, it is simply a group of people that have similar needs and are willing to share their experiences.

Golden Rule No 4: Determine your resources

Simply decide what resources you will require to run the business. For example, you will need the internet with a decent connection, email, an online shopping cart if you are selling products, and an online payment process like Paypal or something similar. If you are building an email list then you will need to source your auto responder provider like Get Response or Aweber. For your website you will need a domain name and a hosting provider. So, be clear about whatever resources you need.

Golden Rule No 5: Make a plan

I am not going to harp on this – any readers of mine know how passionate I am about planning. The old adage is true – if you fail to plan, you plan to fail! I will not elaborate on this, but it is absolutely critical that you make a clear plan, particularly for your first year, so that you can track your progress and ensure that you have not missed out on anything critical.

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