LESSON #2: What is an online business?

By | June 12, 2008

Contrary to what some of the so-called guru’s may say, having an online business is not for everyone. But in order to judge whether it’s a good fit for you, we first must define what an online business is and what it isn’t.

Please watch the following video:

Main points:

  • My personal definition is that it’s a business which is conducted primarily on the internet.

  • A website is NOT an online business.

  • It’s not a job.

  • There may be risk involved, but it’s all about how you perceive it.

  • If you’re afraid to start a business, then you need to either…

    a) get over your fear

    or

    b) decide to be happy with your job, and forget about starting a business

    Action steps:

    1) Answer the following question honestly:

    Do I want to run my own business?

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

    Have a great day!

  • 835 thoughts on “LESSON #2: What is an online business?

    1. Patrick Hollis

      I want to start an online business but I don’t have a dime! What do I do

      Reply
    2. Eric Post author

      You’ll need to save up some money as startup capital. I recommend at least $200. In the mean time, you can start following these lessons and develop your business plan.

      Reply
    3. Vicki

      Hi, Today is my 2nd day here. I would say, this is straight forward and focused on what Eric’s trying to convey/teach to me on how to learn and establish an online business. I’ve been scammed alot of times but my desire is so big that I won’t give up because I feel there is a right one for me in the internet world but I just can’t figure it out so for now I am fixating my mind on this one.

      Reply
    4. Betty Johnson

      Please repond, what do you mean watch out for mackenzie Lee’s home cash course. I just started with that program. are you saying it doesnt work

      Reply
    5. Betty Johnson

      Yes I want to own my own business, I just need to know who the bad people are that are selling the programs, so I don’t get burned. my
      first attempt is with Mackenzie lee home cash course, I’ve taken the step to create the website, establish, the clickbank account that’s as far as I’v gotten, should I consider going farther with this program?

      Reply
    6. paolo

      Have you been in Costa Rica Erik?
      Coz Pura Vida is the surfer way to say what’s up down there!!
      Nice place but not os nice people!!
      Bye
      Paul from Italy

      Reply
    7. JoAnn

      Okay Eric, I’ve started and owned 6 businesses over the last 30 years so I can truthfully say I want myown business and know that I can and will persevere.

      Reply
    8. Tim

      Betty,

      I too have just started the Mackenzie Lee Home Cash Course. It is ok, but watch out for the upselling. The original cost of $49.95 is increased to:
      VIP $22.95
      Blue Wire Domain..$10.19
      Hosting..$19.95 per month
      Traffic machine $49.95. (You will not get any sales without this)
      Tim

      Traffic machines $49.95

      Reply
    9. Rosa

      Eric, Thank you so much for sharing your advise to everyone, I am just starting my own business and I am trying to get over my fear. I am going to take in consideration all the help/advise that you are teaching for now on.Thanks

      Reply
    10. Jill Caldwell

      Eric, I am an entrepreneur at heart and look forward to more excellent information I can implement.
      Thanks, Jill, NC

      Reply
    11. G.

      Hi Eric, I think your Tips are very helpful.The questions you ask makes a lot of sense. It makes you think to take inventory of yourself. Thanks!

      Reply
    12. Karen

      I like your matter of fact approach. I want to enhance the success of my existing business with social media and more. Keep these videos coming!

      Reply
    13. Rick Ng

      Hi, Eric:
      Yes, I want to start my own business. I think I am ready to explore. I know it’s not easy, I got to put efforts in order to succeed. Again, I totally agree with you that having a website doesn’t mean you are having an online business. You should be able to monetize and earn an income to be an online business. To do this, you should drive traffic to you website and monetize from them. So, the content of you website should be the most important thing I think. It must be able to attract traffic(visitors). I think I neeed to think about what to put on the website.

      Thanks,
      Rick

      Reply
    14. Anonymous

      Eric, your tips are great and inspiring.
      Today I had signed up with Traffic Sage, however, there’s problem with my loggin to Traffic Sage’s support desk. I’m not able to add my information to allow them to contact me.

      Do they have an e-mail address?

      Thanks,
      Amelia

      Reply
    15. Eric Post author

      Yes, I can give you the owner’s direct email address. Please add a comment here with your email (I won’t publish it), so I can send it to you.

      Reply
    16. Kenneth Althaus

      My answer has been a loud and proud YES for the last 15 or 16 years i have wonder and dreams of making myself rich not the other person. My niche is probably the most common and sought after but I have what most dont have and that is a desire to help people with there goal and not to keep them as a suffering customer like the Bayers of the world.All the help and advice, ebooks, webinars, and other advice I get along the way is most helpful and I thank the Gurus who give me the unfinished and not all the pieces to the puzzle.

      Reply
    17. greg

      thanks again Eric, These are so easy to follow I know in the coming weeks I will no longer worry about how to pay my Cable etc, To our continued success……Greg

      Reply
    18. Petre Tudor

      Hi Eric,

      Your lessons are wonderful. But I’m deaf and I can’t hear your voice.

      Can I receive from you your voice as .pdf file?

      Respectfully,
      Petre Tudor

      Reply
    19. Eric Post author

      Unfortunately I can not provide PDF’s at this time. But when I have finished making the lessons, I am hoping to put together the transcripts in a package.

      In the mean time you might want to look into finding a speech to text software translator. I think I speak clearly enough on the video that a STT translator would be able to pick up a fair amount of it.

      Reply
    20. Dan

      I want to get a bus. started so bad. I have been trying so long to get thru the info overload and get someone to clear the picture up 4 me. Being handicapped gives me a lot of time and I thx u 4 the help. You’ll be in my prayers.

      Reply
    21. Louise Cox

      IE6 is Internet Explorer 6, with the “6” being the version. IE7 is current standard with IE8 readily available. If you visit a website regularly, such as for school, make sure that their system is compatible with IE8 before you upgrade. My online school does not support IE8.

      Reply
    22. Louise Cox

      I am answering the Action Step for Lesson #2 with a very loud and resounding YES!!!!!

      I have an ebay store and 7 booths on bonanzle. I now have another making money website through HomeCash. What I need desperately is traffic. I have signed up with a traffic program and am anxious to see it in work.

      You are so right about the time offline that an online business requires. Just writing ads for my online stores is practically a full-time job — and that is with help from the suppliers!

      Reply
    23. Fausto

      Eric thanks for your lesson 2 I would like to start my online buisness I am flat broke which tis the best way to go about it. Thanks for all your support

      Reply
    24. Elliott

      Eric I would likke to thank you for these lessons. I would like to ask you about how long does it take to get started in this business? I am very committed to start my own business. Again Thank You.

      Reply
    25. Eric Post author

      It’s a pretty big variable dpending on things such as your technical aptitude, marketing aptitude, and how much time you can devote to it.

      It can take anywhere from weeks to years to build a successful online business. Using the techniques I teach, it is reasonable to be making money within a couple months.

      Reply
    26. Eric Post author

      I would recommend to keep following my lessons, and try to save up some money to invest in your business.

      You could try a combination of affiliate marketing and free article marketing to generate some commissions without having to spend any money, but that’s really more of a tactic and not the foundation of a business.

      But then you can take that money and invest it back into your business so you can start building your own website, list, product, etc.

      Reply
    27. Eric Post author

      Yes you can do this without previously studying business. But you must be willing to learn about business.

      Reply
    28. Anshuman

      Who in the world would like to work for some1 else and fill the Employers’ pockets,when in fact we should be filling ours ??
      After being given the boot and not even being paid my salary for the last 6 months,I decided to explore the possibilities of an online business.I did spend $50 before i reached your site and got some valid and sound advice, that too for FREE. I think u saved me a lot of money..!! Cheerio n thanks for all the Gr888 advice, Eric. Hope this works for me.

      Reply
    29. bushwick jennifer

      Eric, I have a site which was designed by a2z site solutions. I have included a site pal which i would like to change on the site. When I go to Oddcast, they give me a code to paste onto my site but how can I? I have been a member of yours for some time now but even my e-mail, which is connected with this company can’t be accessed. I don’t know what to do, this is 50+. I hope you remember me. My site is designed to provide an avenue for people to get Saved and it has been difficult to get it up. Help!

      Reply
    30. Eric Post author

      I am not familiar with a2z, or site pal… or Oddcast 🙁

      Lesson #28 shows how to edit an HTML file (you can paste the code there).

      Lesson #29 shows how to upload it via FTP

      Reply
    31. Martha Jo

      Thanks, Eric, your advice is so practical. Yes, I want to start my own business, and yes I want to run it. I am trying to learn some of the technical stuff because I really want to know what’s going on. If I decide to outsource later, I’ll at least know what I want. I am looking forward to more tips and lessons, especially in Push Button.

      Reply
    32. mansoor

      Hi Eric

      I am thankfull to you who showed me the right way to make money over the internet.

      Reply
    33. Ludlow

      Yes. I want to run my onw business. I started a business 9 months ago just working for myself and it is a great feeling being in control of your time and your life. I will never work at a job again. I now want an online business so that I can live anywhere in the world and still earn an income. Your own business is the only way to go if you want financial security and control of your life.

      Reply
    34. Robert

      Hi Eric and thank you so much for a very informative lesson, once again. We need to all sit back and re-evaluate the things that are most important to us in our lives and our business. Thank you again.

      Reply
    35. zane

      Hey Eric I could not be any clearer in my mind I been researching Marketing for over a year now, I dont have a website,though I have Many Domain names, Because I was also going to build a domain website as well,as my Marketing plans. YES I WANT A BUSINESS

      Reply
    36. Linda

      YES YES YES But I would like to have started it DAY BEFORE YESTERDAY but I will be patient and having said that WILL make a ton of money soon.

      Reply
    37. FARID

      Hi Eric

      I just wanted to know, if I can use the samples that you have provided word for word example Disclaimer sample, Terms of Use or Service sample, privacy policy sample. Please let me know and if yes do I put anything jerryjet.com there or do I use the samples like my own.

      Thank you

      Farid

      Reply
    38. benjamin

      hi Erick!

      how can I create a folder for eric`s tips emails using Yahoo mail?

      Reply
    39. Claudia

      Hi Eric,
      YES I DO WANT TO RUN MY OWN BUSINESS. This is my first business so I am feeling overwhelmed but I keep working at it every day. I am happy to get one or two things accomplished a day!

      Reply
    40. prince samuels

      Great Eric for telling those who havent made up their mind. Most of the time some gurus will tell you anyone can start their own business. This is not true because many people are thought to get a degree by our society. Having a business is a responsibility, not a job where someone tell you what to do. It is not easy as most of were told, but it provides a greater reward for those that succeed at it.

      Reply
    41. Liz

      I have been using gmail for some time now. I have found that leaving the email as it is in the list is good then you can do a search from within gmail and pull up all the mail for each sender. Maybe this will help someone.

      thanks
      Liz

      PS Eric is one of the best teachers online but if you are just starting and something that may not be introduced to you for some time is the legality of a business, the things that you need to make a real business online its not just putting up a website and selling, affiliating or whatever you want to do. You need a privacy policy, tos, contact many things i was not aware of in the beginning. Please also take this into consideration.

      Have a great day!!!

      Reply

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