LESSON #3: Is an online business right for me?

By | June 14, 2008

Unlike many of the internet marketing teachers, I’m not going to tell you that ANYONE can successfully run an online business.

The fact is that it takes hard work to build a business, and there are certain abilities that will greatly increase your chances of success.

Watch this video to see what I mean…

Main points:

  • The startup COST for an online business is a huge variable, ranging from zero to millions. The good news is that it can be very cheap: less than $100

  • The more TIME you can devote to it the better, but don’t let a lack of time stop you. If you can only devote a small amount of time at first, that’s OK.

  • Stop buying stuff! You don’t need it. (unless you really know what you’re doing)

  • Stay out of debt! It’s not necessary to use debt to start this kind of business.

  • You need to be willing to be a marketer. If you don’t have any marketing experience, then at least:

    a) you must be OK with marketing
    b) you’ll need to learn it along the way

  • Same thing for technical aptitude. You DON’T need to be a computer expert, but you must be comfortable with computers and willing to learn.

    Action steps:

    1) Right now, you simply need to commit to the following.

    a) I’m willing to be a marketer
    b) I like computers and the internet
    c) I’m willing and able to learn (and I know it will take work)

    Take some time and be honest with yourself (and don’t WORRY about WHAT you’ll need to learn. That’s what I’m here for, and I’ll guide you through the entire process.) If you are confident in those three things, then I’d say you meet the basic requirements for being able to start an online business, and you’re ready to move onto the next lesson, in which we’ll explore several different types of online businesses.

    As always, you are welcome to post your questions and comments below.

    Have a great day!

  • 675 thoughts on “LESSON #3: Is an online business right for me?

    1. mourice

      Am willing to learn and love computers so much thought I didn’t go to class about it, but by nowi can do so many things on it just like the learnt ones and long to go far more deeper to those that can help me make what I want.

    2. Bryant Dodd

      I tell myself lately that I need to stop buying stuff and it works for a while until I see something that I think I could get some use out of in my business. Sometimes the trouble is I think I can use everything I see lol.

    3. Rita Malhotra

      I am a bit week with marketing & computer tec: but willing to learn

    4. Nicole

      I felt a bit worried when you said you have to like sales and marketing. I am not crazy about it. I feel like internet sales and marketing will be better suited to me because I can promote and sell something I’m passionate about, something I believe in, something I feel good about sharing.

    5. Brian

      Hello Eric I just want you to know I am very much ready to learn to become a internet marketer if you are willing to invest your time in teaching me I am a hard worker that also know how to listen and follow directions.
      Thank You for this opportunity that you are giving me your new friend,

    6. Miss Marguerite Austin

      Hi Eric I would like to learn how to send emails and set emails up,. how to find buyer traffic. how to build an evergreen funnel. how to build a list for free. how to or who to promote an affiliate product to and how to find them. how to find high value product that are easy to sell. and lastly how to create your own products or digital products.
      thanking you Marguerite.

    7. Fred W Lachenman

      I am willing to be a marketer, I like computers and the internet, and I am willing and able to learn, and know it will take work.


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