Many people today with the economy in shambles, are desperately looking for ways to make a living. Some of these people are considering starting an online business and wondering if making money online is really possible.My answer to that is yes, absolutely it is possible. However to really be successful online one needs to have the correct mindset before they even considering the possibility!Here are a few questions only you can answer:- Do you have a good work ethic? Please understand that working online is a lot of work, nothing earned is nothing gained and nothing gained is a waste of time.-Can you set a work schedule where you can concentrate and get you daily tasks complete without interruptions?- Are you willing to take the time to learn online skills necessary to market online and then implement the skills you learn?- Are you someone that stays the course according to plan or do you lose interest and jump from one thing or the other?So, if you answered yes to the first three questions above than you are a good candidate for self employment. The last question is the real deal, if you have a history of completing set goals than it is likely you will be successful running your own business online. If you however fall into the group that most do, lose interest quickly and never quite get things done, than I recommend not starting an online business.An online business is not unlike any other business when it comes to work ethic, skill set and perseverance. Without these three qualities it is unlikely you will be successful online or off when it comes to running a business.For those that understand and believe they have a strong work ethic, ability to follow a business plan and get things done, here are the basic steps for making money online.- Have a product or service that you wish to sell. Develop a marketing strategy to bring value in front of your customers. Value will be your only real asset!- Learn basic online skills. Develop these skills before building your website and web-business. Learn on page and off page SEO (search engine optimization) so that your website gets traffic. Either take the time to learn keyword research or pay some else to do it for you, but get it done and understand it. Use these keywords in all articles, videos and sales copy content.- When you have your branded or keyword rich domain name, build your website. Make sure you use keyword rich content an internal linking structure within your website.- Get your website hosted. I recommend not spending a lot of money on hosting to begin with, just get the basic plan and upgrade as your business grows.- Develop an advertising campaign and monitor the results. Always testing new content and copy.- Develop a social and business networking campaign and get your brand out to the world.When your website is up and running and you understand these basic online skills, as a business owner you need to focus most of your attention on creating value for your customers. Take the value you create and make it part of your brand and get it into the face of your customers.By taking the time to learn these online skills you will have a good understanding of what needs to happen under the hood of an online business. In time you will have the ability to outsource the busy work you either don’t have time to do, or that others do better. The sooner you are able to do this the better for your business. The key is to thoroughly understand the basics so that you can monitor the results and make adjustments along the way.We have a lot more good information about internet marketing strategies on our website for those interested in learning more about starting an online business. Remember this, how you market is more important than what you market when it comes to being successful online. Therefore take the time to learn a few online skills and internet marketing strategies before you do anything else.