Your Successful Internet Based Business – Intermission

This is the third post in a short series about choosing the right internet based business. If you haven’t read the first two posts, you can find them here:

Starting Your First Extra Income Strream

Your Successful Internet Based Business, Part I

In the last post, I began writing about the three “Ps” of a successful internet based business, and detailed the first “P”: Passion. Now, before I get into the second “P”, I need to clear something up.

I’ve been getting emails from readers who are confused about what all this “internet business” stuff has to do with surviving bad credit or getting out of debt. For a short answer, see item 3 on the Surviving Bad Credit “About” page.

Essentially, getting out of debt and rebuilding your credit (without bankruptcy) takes two things: discipline and more money. Well, that’s not quite true… instead of making more money, you can pinch every single penny you earn to reduce expenses, so you’ll have more left over to pay down debt. But I’ve tried that, and I think it sucks. I don’t want to have to tell my kids “no” when the ice cream truck drives by, or live on Ramen noodles 7 days a week. Do you?

See, I’ve been doing this “internet based business” thing for a while – several years, in fact. And while I won’t tell you it’s easy, it is easier than living like a pauper. Plus, it’s a lot cheaper than starting a traditional business. It can cost as little as $10 a month. Beyond that (and your internet connection, which you’re presumably already paying for), anything you make is pure profit.

Another advantage of an internet based business is that it’s replicable. See, the beginning stages of a money-making website involve a fair amount of work. While I recommend resources that can slash start-up time, it still takes a while to set up the website, put your money-making ads in place and write the articles needed to get visitors to your site. But once the set-up work is done, you can just write an article every couple of days and the business will (usually) run smoothly. Once you hit that stage, your time investment goes down considerably.

So instead of spending the extra hours watching reruns of “That 70s Show,” you can start another website. And then another. You get the idea. The more businesses you have, the more extra money you can make.

Over a period of months, these extra income streams keep adding more money that you can use to pay down debt and build savings… without putting in more hours. Who wouldn’t want that kind of financial advantage?

One last thing – and I hate to keep harping on this, but it’s something people have trouble understanding – starting and running an internet based business isn’t easy. Just about anyone can do it, but it takes patience, discipline and a positive attitude. You’ve probably seen emails and ads promising overnight riches, and I can tell you, that’s not going to happen. There are thousands of systems out there that make ridiculous promises, but the people who promote these systems are preying on people’s desperation. Don’t fall for it.