First, this article does not apply to those knowledgeable and well financed individuals starting a new internet venture. It is meant for the beginner, with little knowledge of online business.

If you have spent even one hour on the internet, you have probably already read a dozen ads describing how you can make a fortune online. And, better yet, it's so quick and easy. All you need to do is throw up a web page, offer a product for sale, add a few publisher ads and sit back while the money rolls in. The website even works while you sleep, stuffing your bank account with cash.

And all it costs you to get the e-book that will show you the way is $29.00. Wow! What a bargain, huh?

Well, here's the sad truth.

1. Yes, there are a lot of people making a lot of money on the internet. But, they are NOT doing it by reading that $29.00 e-book.
2. If you start an online business without spending a substantial amount of money, you will fail.
3. If you start an online business without spending a substantial amount of time on it, you will fail.
4. If you start an online business trying to do it all yourself...without some insider information, you will fail.
5. If you think you are going to make any substantial money on your new website in the next 3 months, dream on.

THE FACTS:

Of course, there are rare exceptions to the following, but if you are trying to make money online on a low budget, on your own, from your kitchen table, this applies to you.

1. It takes money to be successful online. You should probably plan on a minimum start up budget of $500 - $1,000. The larger your budget, the better your chances of success.

2. You should plan on a minimum of 6-10 hours a day for the first 1-3 months to get your site perfected and on line. You will be making a lot of revisions as you learn what works and what does not. After you start making money (perhaps I should say "IF") you can cut back to 2-6 hours a day. (All this assumes you are doing the work yourself)

3. It is essential that you learn from others that are already successful. Unless you are fortunate enough to have a mentor that has already been down this road, you will have to pay others for help and information. Which, presents a big problem. There are hundreds of people that will take your money in exchange for insider information. Unfortunately, the greater portion of them do not know any insider information. But they will still take your money. So you will probable have to do some trial and error and waste some money buying worthless, outdated information before you find something valuable.

4. One of the most important facts that people do not realize when starting up, is that it takes traffic to make money. A lot of traffic. Most people get wrapped up in creating a pretty web page and do not understand that it does not matter if you have the best looking site on the web if no one ever sees it.

And this it the biggest task, the biggest thorn in your side...TRAFFIC! There is no way to get substantial traffic, quickly, without paying for it. And, I don't mean five dollars a day. To get 500 visitors a day to your site, quickly, you will spend hundreds...a day! And you will never make any big money if you do not have hundreds of visitors a day.

The subject of traffic is a book in itself, so I will not elaborate more here.

I have just scratched the surface on the hazards of online business, but if you understand and accept the facts presented here you may avoid a lot of disappointment and loss of funds.

Having said this, a successful internet business can be very rewarding. I encourage you to give it a try, but use care, be informed and don't expect instant success.

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Related Links:

10 Steps Tutorial for Starting an Online Business - By on call Geeks

How to Finally Start Your Online Business - By Yaro

101 Ways to Make Money Online - By Experience People

Online Video:

How to Start an Online Business

Ken Miller is a free lance writer and webmaster for http://www.ezarticlepro.com, an article directory which offers free content for your website as well as a powerful way to promote your website and increase your traffic.

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