Online business will be difficult in the beginning and you will not see much of an income. Usually it will take around one year before you are able to catch up with the rest of your niche. When you begin do not quit your real job or not look for a job if you don?t have one. Your online business will take quite a while before you will make enough to support yourself. To begin set up a simple website using free hosting such as blogger or wordpress. You can monetize it with simple programs such as Google Adsense or Etology both an be found by searching Google. You may also want to consider some affiliate marketing which can be done using websites such as amazon or walmart.
One of the biggest challenges for any business online will be getting traffic to your presence. This may not seem difficult, but during the first year online it will seem nearly impossible. The hardest part about marketing a new presence is you must start at the very bottom of your niche. This means there will be thousands if not millions of websites which you must out market if you want to reach the top of google and other major search engines. During this time learning everything you can about search engine optimization and social marketing will be extremely important. If you decided to start a blog you may want to consider heading over to digg.com, stumbleupon.com, and the other major social bookmarking websites and submitting posts as you write them. If the community enjoys your post they will give you a vote and these votes will help you rise in the social bookmarking site. For search engine optimization you will want to focus on keyword implementation and link building. To build links you should check out linkmarket.net or directorycritic.com.
Source: http://kris-beus.blogspot.com/2011/08/building-online-income.html
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