Steps For Starting An Online Business – Your Best Options

steps for starting an online business

Welcome to Extra Paycheck Online!

This website is my gift to you and was put together to help you get started in learning where and how to earn online.

You can make a full-time income online, you can make enough to replace your current income, or you can just earn some money on the side.

Obviously, full-time status is going to take a bit more work, but it can be done.

My favorite aspects of growing a business online is that there’s so much potential and there’s really no cap or limit to how much one can earn.

Not to mention – ANYONE can take these steps for starting an online business and creating success for themselves from the comfort of home or wherever there’s wifi.

This, of course, is when done the right way…

Why I Believe Most People Fail

Making money online isn’t the easiest thing to do, but I think that the real struggle people have is finding something that actually works, and helps them really make money.

Tip: It’s not about luck, it’s about finding good strategies and having a positive mindset.

If you focus and work hard using the wrong strategies, you will never achieve what you want and that’s what makes people give up.

Rightfully so.

However, with the right game plan and proper guidance, you can achieve so much success online including – starting your first website, helping other people, making money on the go or while you’re out with friends and family or even asleep, extra money to give back to others, and so many different possibilities.

But first, you have to determine which business is right for you.

Steps For Starting An Online Business

There’s obviously more than one way to making money or starting a business online.

Instead of telling you about the “Top 52 Best Miraculous Ways To Make Money Online” and then lead you to several different survey sites (boo!), I am going to share with you the 6 best ways to earning money online.

The first step, Choosing A Business Model

Your 6 best options for starting an online business include:steps for starting an online businesssteps for starting an online businesssteps for starting an online business

  • Software (including apps)
  • Physical products
  • Ads
  • Coaching
  • Online courses
  • Affiliate marketing

I make most of my income with affiliate marketing, which is one of the concepts we are going to focus on below.

It’s a great way to begin making money online, plus I’ll show you where you can begin and even build your own website today for free.

But first, let’s take a look at ads.


Ads are common and simple, and everyone is aware of them. You see them when you make a search in Google or even while on Facebook.

Ads mean you put a simple Google Adsense ad up on your site (or any type of other ads) and as you get more traffic and more clicks from people clicking on those ads, you can sometimes earn a few cents or a couple of dollars.

There are many kinds of ads out there, but I’m speaking in general terms.

To make any real money by using ads, you are going to need A LOT of traffic.

Many many months ago, I use to run ads on this site:

first steps on starting an online business

Since then my traffic flow has increased significantly, so my earnings would be a bit more – but I doubt enough to pay the bills.

I know of plenty of sites that run ads successfully, but these guys and gals are getting around 100,000’s of pageviews regularly.

For me it came down to this – do I want people to focus on my content, or to focus on these ugly distracting ads which pop-up and do all sorts of unnecessary things?

I chose to spend my time focusing on things that matter like providing reliable information to the Extra Paycheck Online readers, and not worrying about optimizing/adjusting ads in order to get more clicks.

Note: We are currently testing ads on this site as of 02/19/2017. Will let you know how it goes!

With ads, you can make money, but it’s not the best focus for a brand new website owner as your going to need a lot of traffic to your site and large, consistent traffic takes a long time to build.

Physical Products

Basically, you can take any physical product (clothing, electronics, whatever invention) and set up shop online.steps for starting an online business

For those starting a (fresh) business, I can’t really suggest this business model.

Yes, you can create great success selling your own physical product, however, compared to some of the other models, the profit margin is not as great.

Think about it.

When it comes to owning and selling your own physical item – you have to account for manufacturing your creation (product), also – inventory, shipping, returns/refunds, etc.

This all comes after researching your idea for a product, making a prototype, ensuring that there’s a market for your creation, filing a patent, then marketing the actual creation for a profit.

I’m no expert when it comes to physical products, but there’s a lot of moving parts involved to get it going.

A great place to learn more about starting an online store would be My Wife Quit Her Job (

It’s sophisticated (as is business in general), but with the right teaching and discipline, you can succeed at any online business.

When it comes to selling physical products, the room for profit is not as great as creating your own online courses, coaching, or affiliate marketing.

All of which not only have a higher profit margin, in most cases but are significantly less in terms of startup costs.

Online Courses

Selling something you create/information products (like an eBook or video course).

Just like any other online business model you choose to follow, ads, physical products, etc. These things take time and a lot of work upfront.

The beauty of the internet is that once you hit the Publish button, and release it to the world, it generally doesn’t come down unless you decide to delete it.

Point being, after front-loading the work, you can profit off of your work virtually – forever.

This is true when you create your own online courses or any great piece of content online.

The trick is to know where to start, or what can you possibly create that others would be interested in as an online course let alone a full on business.

Well, anything really. Just like any business the first step to take – after deciding which business model is right for you, is to find a suitable niche.

To learn more about getting started with online courses and even coaching, I suggest you have a look at I Will Teach You To Be Rich (

Affiliate Marketing

Affiliate marketing is how I make most of my income.

A lot of people make a lot of money with affiliate marketing.

Besides the fact that people are making money, here’s what I enjoy most about it:

  • Very low start up cost
  • You can promote millions of products and services
  • You don’t need to own or purchase any products
  • No dealing with house inventory, shipping, returns, refunds
  • You don’t need any experience to get started

Most online transactions are affiliate based (a very high percentage).

The basic idea behind affiliate marketing is to connect people to the company or another individual’s products by using your (special) affiliate link.

In doing so, you earn commissions.

The revenue you earn from each commission varies on the affiliate programs you join. This ranges anywhere from 1%-75%.

Another bonus is that there are no costs to joining legitimate affiliate programs.

Do you know what the largest affiliate program in the world is? (just to name one out of the thousands out there)steps for starting an online business

Did you know, you can join Amazon’s affiliate program and sell just about virtually anything on there for a commission.

Amazon will provide you with your own (special) affiliate link.

If someone decides to make a purchase(s) after a certain amount of days of clicking your link – you get credit ($$).

There is a certain sophistication to it, but one that anyone can learn without having any prior experience.

The best place to learn how to create your own business following the affiliate marketing business model is at Wealthy Affiliate (

The Next Steps & Getting Started Today

As mentioned, affiliate marketing is how I make most of my income.

I rarely mention online jobs on this website (where you fill out an application, work for someone else, etc.) because I have never had an online “job”, and don’t plan on getting one.

Instead, I am going to stay in my lane and discuss what I know and what has been working for me, affiliate marketing. Feel free to follow some of the links I shared above to explore the other business models.

Here are the 4 simple steps for starting an online business long-term, which allows you to make money while sharing products and services:

  1. Choose an interest
  2. Build a website
  3. Attract visitors
  4. Earn revenue

When it comes to choosing an interest, you can literally choose any passion or hobby of yours and create a successful business.

The idea is to build your own website, which is the only way to create a long-term business online and attract visitors who share your same passion or interest.

With over 3 Billion people who now have access to the internet, how many do you think to share your same interests?

You have the option of connecting your audience with excellent products and services related to your website and earn money in the process.

For example, let’s say traveling is your passion.steps for starting an online business

What are some of the things you do to save money while traveling? Or what are the items you can’t leave behind when you travel?

And using Amazon as an example affiliate programs, there are thousands of items you can link to for a traveling website – pillows, backpacks, cameras, electric shavers, portable devices, headphones, books, etc.

There are even car rental affiliate programs where you can generate commissions for linking people to them.

Affiliate links work best when you recommend something you truly believe in.

There’s also endless options here and travel is just one small example

You can share these tips with others on your own website following a passion you love and as a result from it – earn consistent income online.

AND, you can apply this to anything you enjoy or are passionate about: Fitness, sports, video games, fashion, people, animals, food, dating, anything!

There’s a certain way to go about getting started and presenting this in the most helpful way to your audience.

All of which is being taught inside of Wealthy Affiliate, the best place to build a business online.

Of course, you could learn how to make money or create your own business online by yourself, but you’re going to spin your wheels a lot.

You don’t have to try and do everything on your own.

With Wealthy Affiliate, you’re getting a ‘playbook’ that teaches you how to begin building and to maintain a long-term business that will generate income for you for years and years to come.

The primary focus there is affiliate marketing but you will learn so much more about online business in general like reinvesting – growing – and scaling your business if scaling your business is something you choose to do.

If you can work hard and link people to great products, you can earn a lot of money as an affiliate.

I caution you, these things take time and don’t happen overnight but for those wanting to earn money on the side or even life changing money – online business is the way to go and Wealthy affiliate is my top recommendation.

A Complete Review On Wealthy Affiliate.

A Legitimate Way To Make Money – Join Today!


What are some of your experiences when it comes to online business, did I miss one of the better business models out there? Feel free to share with us in the comments below!




About the author


    My goal for this website is to help those who are looking to make money online from the comfort of their home and to offer people an alternative to the FIXED 9-to-5 life. Whether you are looking to make full time income online or just looking to make some extra cash. I've got you covered.

    Julius - 6 years ago


    I just recently discovered your blog, and I really like it. You are a very smart guy, and you put a lot of effort into your work.

    I’m a blogger, and I can tell that affiliate marketing is a great way to earn money online. But actually, there’s more than only six options. For example, I like forex trading. It’s kinda hard, and you have to study a lot, but I think that it’s worth it 🙂


      Jason - 6 years ago

      Hey Julius, I tend to avoid forex trading as it confuses the hell out of me lol.

      Yes, there’s more than 6 options – however I found these to be the best.

      Thanks for the compliments and good luck!

    Joanne - 6 years ago

    Great article Jason!

    I couldn’t agree with you more. I have tried many of the options you’ve listed here, and have finally come to the conclusion that affiliate marketing is definitely the way to go – beginner or not.

    I’ve had businesses that revolve around selling physical products thru drop-shipping. I remember paying quite a bit of money for a site to accommodate that, and yes I did make money but it was not that easy and the profit margin was low.

    I’ve also sold on Ebay, which is absolutely great for vintage or “one of a kind” items, but competing with the big guys on new items is again a challenge.

    I finally have given affiliate marketing a try and find it very fulfilling and the easiest to learn and profit from.

    “It’s not about luck, it’s about finding good strategies and having a positive mindset.” So TRUE!

      Jason - 6 years ago

      Thank you for sharing your experiences Joanne.

      It’s good to hear that you were able to see some successes with some of the other business models and affiliate marketing as well.

      The internet is truly an open opportunity for EVERYONE. It comes down to working for it and finding real training, which will shortcut the process of having to figure everything out on your own…

      Thanks again.

    Carlton Gonder
    Carlton Gonder - 6 years ago

    You are absolutely correct on the fact that traffic needs to come before income. Ultimately what matters is what you are helping your customers with, because they are what makes your site matter the most. I lost sight of that when I initially created my site and was just adding content, advertisements, and a bunch of affiliate marketing campaigns and now focusing on my customers. So that my site will be successful for them and people that they share with. Thank you for break it down Barney style for anyone to understand.

    Yours Truly,

      Jason - 6 years ago

      Tons of traffic is nice, I think we all will agree.

      Converting traffic is even better and that is a result of providing helpful information, or content, to your visitors.

      Completely agree Canton, thanks for reading.

    Sarai - 6 years ago

    Hello Jason I just discovered your blog and I am very interested in this and I will probably give it a try. I need to make some extra money on the side to make some payments that I need to make. I would like to know more about this, do you have any more recommendations on how to get started? Or anymore helpful links?

      Jason - 6 years ago

      Hi Sarai, I see you took action and joined Wealthy Affiliate, which is by far my favorite course when it comes to learning and earning online.

      It’s the same place where I got started and learned the ins and outs of this business.

      Basically, you will want to get started with the free training which you can do by clicking here.

      These hands-on lessons will explain everything to you, from creating your website to attracting visitors, to how the money is made. I will mention that the first 10 lessons are free, but at some point you will need to upgrade if you wish to complete all lessons.

      My advice, follow the early lessons (at a pace you are comfortable with), and see if Wealthy Affiliate is right for you.

      If you have any questions about the training or just in general, just let me know 🙂

      I will be sending further information to your Wealthy Affiliate profile in a few minutes. See you inside!

    Patty Jarvis
    Patty Jarvis - 6 years ago

    I paid for fb cash code but o can’t seem to log in or chat. What can I do ?

      Jason - 6 years ago

      Hi Patty,

      I was just on the site myself and noticed that you may contact the support thru:

      I’m not sure if you need to create an account with this service or if any sign in information was given to you upon purchasing. I would try contacting them and hopefully they will reply by Monday.

      I would also contact my credit card/bank and let them know what’s going on.

    Philip - 6 years ago

    Hi Jason,just curious as to whether selling a lotto system where you can play every number 1 to 45 ,playing 70 games is an idea to earn or would be of not much interest to anyone.cheers Philip

      Jason - 6 years ago

      This is a great idea and people love the lottery. It’s a massive business. But the problem is any type of gambling online gets tricky.

      I know where I live in the U.S., it is totally illegal to gamble online. I see online gambling promotions often, I would first look to see if it’s something allowed within your region.

    kamlesh - 5 years ago

    how to earn money

      Jason - 5 years ago

      Hi Kamlesh, there are several ways to earn money online – I think having your own website is your best bet to run a long-term business online.

      Once you have your website, you have several options as to how you can generate an income – above I share a few. Take the time to read and let me know if you have any questions.

    Victoria - 5 years ago

    Hi Jason,
    I took a look around your site. I’m just getting started with your site, but I did see your list of “Apps That Pay”, and have one to recommend to you. It’s basically a secret shopper/mystery shopper app. As with most secret shopping, you don’t make more than a few dollars per shop, but it can be pretty rewarding. GigWalk is an option also, and I’ve done one “shop” with them, but I recommend MoBee. I’ve done a couple dozen of their shops. Again, it won’t pay the bills, but it’s fun.
    Anyway, I look forward to reading more of your content (wish I could figure out how to bookmark through my iPhone..).

      Jason - 5 years ago

      Hi Victoria, thank you for taking the time to visit my website and to comment as well.

      I have seen MoBee within the Google Play Store but have never tried it out for myself. Thanks for the recommendation, I’m sure others might be interested in trying it out as well.

      If you have any questions for me while visiting, feel free to ask away 🙂

    Merry - 5 years ago

    Hi Jason –
    I have to say you built a very well put together and interesting site.
    I was wondering if you left software out of the mix on purpose. I would like some input on that as well (if you have it).
    Thank you so much for sharing your site and advice with the world.

      Jason - 5 years ago

      Forgive me, Merry.

      What exactly do you mean by leaving out the software? Which kind of software is missing?

    Derek Marshall
    Derek Marshall - 5 years ago

    Hi there Jason,

    An excellent article and thank you kindly for creating and sharing it with us. it is really appreciated. Thanks.

    Very under-rated way of earning some bucks online is like you mentioned creating an educational course and selling that. Interestingly this is what got a certain Pat Flynn started in the online world!

      Jason - 5 years ago

      Glad you enjoyed the article, Derek.

      I know Pat Flynn is very involved with affiliate marketing as well. I believe it’s how he makes most of his earnings. An excellent business model!

    Rob S.
    Rob S. - 5 years ago

    Affiliate marketing has been around for a long time and it’s a great way to make money online. It takes a lot of hard work, determination, and a never quit attitude. You have to find the right program and have a plan. It’s not easy to avoid scams. You can put ads on your sights and find many ways to market. I wrote kindle books and that was great. You can choose digital or physical products. Get in with a group that has support. It’s very important.

    Emeolu - 5 years ago

    There are options for online business. Starting a store involve lots of strategies. You have to open a store. You can do dropshipping. Here the supplier is responsible for the shipping of the purchased item. Once your customer place an order and you then place the order with the supplier who will then ship the product or item to your customer. You can also run an online shop and have affiliate links on your site.

      Jason - 5 years ago

      Very true, Emelou.

      There are lots of options for starting an online store alone. Thanks for sharing the insights.

    Eric Chen
    Eric Chen - 4 years ago

    Hello Jason,

    Thank you for the informative article! I’m looking to start an online business and it seems affiliate marketing is the most affordable way to go.

    However, it’s always good to have other sources you can try out in the future if you realize something is not working out for you.

    Thank you very much,

      Jason - 4 years ago

      You’re welcome, Eric. Thanks for stopping by!

    Collis Price
    Collis Price - 4 years ago

    I have not received my check yet.

      Jason - 4 years ago

      Hi Collis, I am not sure who you are expecting a check from, but this website doesn’t handle any type of transactions. This site contains free information for those interested in learning how to earn some extra money while using the internet.

      Let me know if I can be of further assistance.

    Click here to add a comment

    Leave a comment:

    Money Making Opportunities

    Want to learn about exciting money making opportunities.