Thursday, February 7, 2008

Starting My Own Online Side Business

Recently I came across a blog post that said that Microsoft Office Live was giving small businesses free website domains and hosting. I looked into it and sure enough it looks like you can register for a domain name and set up a pretty basic website for free. This is a great opportunity for anyone who has thought about starting their own business on the side. An online business can be just the part time project needed to test out your business idea without having to quit your day job.

Personally, I am extremely excited about this opportunity. I came up with an idea a couple months ago for a business I wanted to try out online. I'm not sure of the demand and was afraid to take the chance of paying for a website and hosting if I would not get any customers. Since I was/am on a mission to pay off all debts and save for an upcoming wedding, I decided it was not the best time to take on this business adventure idea of mine. This seems to be the perfect opportunity for me. I can set up my website and pay a little bit for advertising and test out the waters. If it works then I will make a little income on the side each month to help pay down those debts faster. If it doesn't work then all I am out is a little time.

I went ahead and registered for a domain name and played around on their design page for a short while to try to get a feel of what I could do. I don't know exactly when I'll get the complete business plan hashed out and the website completely designed and ready to go. Work is pretty busy this month. That is usually where I do a lot of my brainstorming and come up with the good ideas. At night I am tired and don't like to do too much thinking so I tend to relax more. Therefor, I may not get the site completely designed and ready to go until next month. I'll work on it a bit here and there and hopefully have it up quickly but I am in no rush.

For me it would be great if my idea takes off and I am able to make a couple hundred dollars a month from this online business. I'm not looking to hit a home run and quit my day job. I like my day job. I just want to earn some extra income in a side business. This extra income could help me get out of debt faster and save more. Another pro about my idea is it is something I will enjoy spending my time on. If I am making money from doing something I already love to do, then I will call that a victory!

For now, I will work slowly on forming my business plan and designing the website. Once I get everything finished I will post more on my business idea and where you can go to check it out! Wish me luck!

1 comment:

Blogger said...

You can make $20 for a 20 minute survey!

Guess what? This is exactly what large companies are paying me for. They need to know what their customer base needs and wants. So these companies pay millions of dollars every month to the average person. In return, the average person, like me and you, participates in surveys and gives them their opinion.