5 Income Secrets That Will Get Your Home Based Online Business Up and Running… FAST!

Nick James

There aren't many tools or resources needed to get your home online business up and running. The beauty with starting your own home based business is you can be in business within 7 days. In fact, it can be less than that... how about... within 24 hours!

There are 5 key Income creating secrets needed to get your online business... live and active.

Domain – this is the name of your website. It's the TITLE of your business. It's your website address that will launch you into the online world. For example – if you sell shoes and you live in Essex, your website address (or domain name) could be, www.ShoesinEssex.co.uk If you want to sell books or information products on a particular subject, and for this example, say you want to sell in the health related field, your website could be www.healthinfoproducts.co.uk

Purchasing a domain name couldn't be easier. Many companies sell domain names for something like £7-10 a year. All you have to do to find such a company is to type the words 'buying a domain name', into your favourite search engine (Google, MSN, Yahoo...)

Hosting- this is the online equivalent of finding a plot of land to put your domain name or website address, on. Again, just like with finding a domain name company, simply type in 'hosting company' into your favourite search engine. To rent this plot of land, you can probably expect to pay around £3-£10 a month. As you can see, those rental rates seem rather tiny than what you'd expect to pay for a bricks and mortar business! And in most cases, you can purchase the domain name and the hosting from the same company. Places like Go Daddy.Com or 123-Reg.co.uk will have all you need to know on this.

Website – Now that you have a website address (domain name) and a plot of land (hosting), you now need to create something on it – your website. This is the offline equivalent of your store, your business premises. Now there are many service providers that have their own, follow along, paint-by-numbers website templates where you simply add in how you want your website to look. And what's great about these templates is the amount of time it saves you from not having to start for scratch and learn the technical side of creating a money making website. Once again, most hosting and domain companies have their own website template service and won't cost more than a few pounds a month.

Products – The wonderful thing about owning your own online business is that you do NOT have to create your own products, if you don't want to. That's because there are thousands of vendors all looking for partners or affiliates to help sell their products and services. In return, you will be financially rewarded by receiving a percentage of sales made. And, with places like Amazon.co.uk for example, who are actively looking for partners to sell their huge range of products, you can begin collecting money by having your website be about your favourite subject, and start referring people who come to your website to by related products from Amazon.com (or from the thousands of other companies who would be delighted to have you as an affiliate partner for them)
And if you wanted to create your own informational products where you get to keep 100% of the profits, that too is very simple to do and very cheap to create.

Taking Payments

If you decide you want to start your home based online business by selling other people's products as an affiliate, then you be happy to know you won't need any kind of payment system in place to collect orders because the affiliate company will do that for you on your behalf! Not only will they ship the products out for you, but they'll collect payments on your behalf and will send you the relevant amount due to you.

And because their payment and affiliate tracking systems are 100% professional and very sophisticated, you never have to worry about not being paid for the work you do in referring people to buy from your nominated vendor or supplier. The great thing about being an affiliate is that you won't have to pay a penny to become an affiliate. Most vendors do not charge anything to become an affiliate partner because they know they'll be getting sales they wouldn't have got if it wasn't for your efforts.

Now if you wanted to create your own products, you can be taking payments for them through a company called Paypal. This company has probably helped more home based businesses to get up and running with their simple payment systems, than any other company. Their registration process is really very simple and is easy to follow. They don't charge a penny to get you set up although they do take a small commission of the money coming into your account.