Are you fed up with hearing success stories of people getting rich on the internet?

The truth is, there isn't a better time to start your own business online than now. Most of the very lucrative niches that can make you millions of dollars have been dominated and the competition is getting stiffer and stiffer by the day. You still have a chance of finding a less competitive niche that will generate you a reasonable amount of money whether full time or part time. All you have to do is put on your thinking cap.

For those who do not know what a niche is. A niche is a specialized market where a clearly define ranges of product are sold to a specific group of people.

Here is a formula that is applicable to any kind of niche you can think of.

Get a website and have it optimized for the search engine. Once you have done that, you need to build links which will determine where your site ranks in the search engines. The difference between a person making more than the other is the amount of traffic there site receive. As we all know, over 80% of traffic comes from the search engines, you will want to position yourself on the first page in order to get more exposures.

Secondly, you need to monetize your site. Simply setting up a site and putting content and images on it will not bring you money even if you are receiving millions of visitors everyday. You need to monetize your site either by putting links to product related to what you have on the site or by adding ad sense and get paid for clicks. Some people use both methods and even create several site but that is not advisable for a beginner who has a lot to learn.

There are many methods of marketing your site such as article marketing, blogging, forums, social networking, blog commenting, list building, traffic exchange and many more. Remember, the most successful people are those receiving thousands of visitors on their site on a frequent basis.

In the nutshell, create your site and optimize it for the search engine and do a consistent link building in order to appear on the free listing of the search engines. Next optimize your site and have it monetized as well. Within a short while of promoting your sit, you will start seeing positive result.

I hope you find this online business tips helpful and to know more about businesses online and social networking visit our social media marketing program website. Good Luck!