I can almost vividly remember my first day in my business 101 classroom in high school. Our first exercise that day was to stand up by our desk, introduce ourselves to the class and talk about what we plan to be in the future. You’d hear the common, ‘doctor’, ‘lawyer’, ‘teacher’, then ‘doctor’ again…I really had no profession or trade in mind, so my answer would be, “I plan to be a millionaire.” Not amused, my teacher would asked, “How exactly do you plan on becoming a millionaire?”
“I’ll run my own business.”
“What kind of business will you be in?”

So, what kind of online business do YOU want to be in? And how exactly do you start? If you find it difficult to answer both of these questions, you can begin by asking yourself a series of much simpler questions like, what is your passion or hobby? What do you enjoy doing the most? What do you talk most about with your circle of friends?

Believe it or not, you can capitalize on your own passion, hobby or interest and turn it into a profitable internet business. You can monetize your passion/hobby/interest on the internet in 3 ways: Product, Service or Affiliating. For example:

Product: If your passion is playing a guitar, create an online course with the benefit of learning to play guitar tunes within 30 minutes or less.

Service: If you enjoy graphic or web design, market yourself and offer your skills online.

Affiliate: If you enjoy Italian cooking, create a content-filled website of your favourite Italian dishes and ‘refer’ your readers to Italian cooking-related products.

The 3 illustrations above are minor examples of how you can capitalize off of your passion or hobby. Of course, you’d have to evaluate your niche and analyse your competition before diving in. Remember, if you’d like to dig deep into what kind of online business you want to get into, find your true passion/hobby/interest, do your online research, and the rest will follow through.

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Tags:

• Putting Yourself in Your Online Customers Shoes
• What’s In Your Internet Marketing Virtual Toolbox?
• Multi-Level-Marketing and Affiliate Marketing – Don’t Get it Confused.