To start your own online business you will need to understand some basic language and terms. In this article I will set out the absolute fundamentals before you set your foot in the water and get gobbled up by the sharks.

Your online business is going to have to sell something, whether a product or service. You can sell your own products or service or other peoples. Initially it is easier to sell other peoples and to do this you will need to set up some sort of site or blog from which you can send your visitors to the sales page of  whatever product you are selling. This is called affiliate marketing and you will initially be an affiliate for some other vendor who has created his own product.

As you grow you can sell your own product which can be a physical product or an electronic, downloadable product. At this point you can actually recruit other affiliate marketers to sell your product as well as generating your own sales.

So you can’t sell? You don’t really have to. What you will be doing is giving people information which will warm them up before you send them to the sales page of the vendor which should convert a percentage of these prospects into sales. At this point you will be paid a commission which can range from 50% to 75% for electronic products for each sale you refer. Check out Clickbank which is the largest online affiliate program of downloadable products. And have a look at Commission Junction for a huge range of programs which allow you to become an affiliate for physical products ranging from golf clubs to swimming pools.

Your investment will be either your time or money or both. If you have no money you can build your business through writing articles like this one which will ultimately bring you visitors and backlinks which help you rank well in the search engine results pages.

If you have money you can accelerate the traffic to your site through the Google Adwords program.

So that is it in a nutshell..you can sell your own products or somebody elses and you can spend your time or money.

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