How to Start an online business part 1

Start your online business | Earn income online from home

The first thing and the most difficult thing is to identify how you can start your own business from home. Getting new business ideas can be very challenging. Considering a situation where you have a very limited resources like getting started without money. Learn and build will help you learn and earn income online from home.


How you can start especially in this challenging time of crisis and global pandemic.
Many have turned into online business, some are successful and some are not, what makes it different? How are those people getting their success? What are the requirements?
Let us answer each question and see what practical things we can do to help you get started.

What makes it Different?

Why are there people becoming so successful? The difference is in the Learning. Mastery of your craft makes it different. Do you have the right knowledge of the business? and do you posses the skills needed to operate it? These two works together in making your own success journey. 
As discussed in the previous blog about "How to start the right business of your own" which discusses the inward qualification which will drive you more motivated to do the business no matter what happens, this time it is an outward qualification which will guide you more technically on how to start a business without money, doing it online. 

What is the right knowledge to start a business?

Many people has the motivation to do the business but don't know what kind of business they want to do. Traditional business will always drive you to put more investment even if you will start small. And that small investment is still big for an average employee or even unemployed people.
There are 4 sources of income. According to Robert Kiyosaki in his book "Rich Dad, Poor Dad" There are 4 quadrants, which represents the 4 means of income. The first 2 quadrants comes from the left side which is the Employment and Self-Employment as shown in the image below,

THE ACTIVE INCOME GROUP (LEFT SIDE OF THE QUADRANT)

The left side of the quadrant belongs to the ACTIVE INCOME group. They are very hard working people and they get paid to what they worked for. It is Active because they get paid for the hours they worked for and if they happen to get sick and they cant work, they don't get paid for the absences. Both Employed and Self-Employed are tied to their commitment and cannot afford to get sick. 
This is a good source of income for younger people who are just getting started. Those who have finished their degree and are eager to be in a corporate world. The income can be satisfying at first but it cannot sustain for longer term especially when one started a family of his own. The income remains the same or it might increase but cannot cope with the high cost of living where the expenses are getting bigger than the salary. 

The RAT RACE is ON!, Most middle ages are in this stage where they want to get higher income but cannot leave their job immediately. 
They are tied with their 8 hours to 12 hours job every day. The cycle becomes routinely and the longer they stay, the more they are tied. They long to have time with the family but spends most of the time in their company. 
Most of them does not have money to spend on holidays and other important occasions. Meaning, they have NO TIME FREEDOM and NO FINANCIAL FREEDOM.
The normal thing is to Spend quality time with the family and to buy the things you need and even sometime you want. The most frustrating part for these two types of people don't possess both. SELF-EMPLOYED may earn bigger income, but with the demand of his work, He don't have more time to spend with the family. For Example, a self-employed doctor who owns his own clinic and having a full time job in a hospital. After work, he spends time to serve his patients, the  more patients he gets the more he earns money. These are the people with much money but NO TIME with the Family!

I have created a survey, participate in the survey here so i can know what you are looking for. This way i can give you more related training programs in the near future

THE PASSIVE INCOME GROUP (RIGHT SIDE OF THE QUADRANT)

The right side of the quadrant are people who belongs to the Business and Investors. They are the people who earns big income. The Businessmen are people who have started small, worked hard and now they are reaping the good reward of their hard work. The income is much bigger and better than any highest paid employees. They are the people who invested their money and their time. And when they are earning more, they put their money in a proper investment. So they earn even more. They have TIME FREEDOM and FINANCIAL FREEDOM.
We can possibly say that Rich becomes richer, while poor becomes poorer. Sad to say that Employees are in that stage where they become poorer because they are struggling with their monthly expenses, where their means cannot meet the ends, while rich people continually grow their earnings.
So to answer our first question, "Why are there people becoming successful?", People chose their path. The wiser person chose the right means to get the right income earning potential. I can say that those people who become successful are those that have the proper perspective on what they want and how they are getting it with the right means of opportunities. 

It doesn't mean that employees don't become successful, but according to research,  only 1% of all employed in the world become rich. And the position they are holding are those that are paid as CEO's or President of the Company where they ran the company owned by Businessmen.
  3% have already retired and are dead being employed96% are still working at the age of retirement
This research shows that majority of people are in the employment quadrant. And the percentage is rare to those who wants to fulfill the Time Freedom and Financial Freedom. 
To become successful, you must have the right perspective as to where you would want to get the source of your income. Most people think of employment is the only source of income while there are actually 4 sources.
To those who wants to get started, they cannot start with a business because they lack knowledge. So they still end up getting employed. The next question is;
How Can One get Started with The Business?
You can get started early if you are young and energetic to be employed, but don't get their too long, you can join a company and work hard, save enough money to get you started with a business which you need to spend time knowing about it. Preparation is the key. 
While earning, take time to shift from being employed to becoming an entrepreneur. So that you can have a smooth transition. Spend 5 years in a company and learn more about its system. Review, evaluate and create your own system. Make it more simpler and efficient. This is how you can get started.
But what about those who are in the middle age, where they are stuck in their job but wants to have a higher paying job? These are the people im concerned of, to get started with the business,
what kind of business you can do? 
They may have no savings at all because of the demand of spending for the necessities of life like spending for the tuition fees of their children, paying mortgages for housing loans and car loans, some utility bills. They may have savings but those are allocated for emergencies. what if someone gets sick and medical insurances cannot cover the cost. So, starting a business with a capital is a big no, no to them.
The only business they can do is a business online without money involved. To be honest, any business you do will require investment, but the most practical way to get started is to start online. Especially in this time of uncertainty brought by the Global pandemic. The online business has actually blossomed, but not all. As we have mentioned in the beginning, "why are there people becoming successful?", this is our second answer to that question, to  know the right business you can do without money involved.
You can start online business by getting the training you need and the skill set you need in preparation for the actual business. It will start with the business idea, where you can be equipped with the right knowledge of how you will do the business online.
you can sign up for more trainings and get connected with us through our fb page: @learnandbuildvisontolife or click the image to access our fb page.

The next set of knowledge is the Online Marketing, how does it work? What skills do you need to learn and develop? How and when can you start? these are another set of questions we will answer in the next blog post. 
I will post the link below for the next topic for you to follow. The outline is in the video on the introduction of this blog, but we will discuss it in detail on the part 2, see you there.