Why Starting an Online Business Is a Great Idea!

There are several reasons why starting an online business is a great idea for anyone that wants to have more freedom and wealth. Here are five reasons why I encourage entrepreneurs to start and online business.

1. Not every idea we come up with is going to become a winner and make money

New businesses are started every day and only a few become successful. In the event that the business does crash and burn it is easier to bounce back without all of the financial responsibilities that you would have in a traditional business. I myself started an online business for $50 by purchasing a franchise with an already existing online business. This was great because I didn’t have to create anything and to this day is my main source of income.

2. Residual income and Advantages

The right business can be developed into a stable, residual source of income. In fact, there are plenty of ways to create online businesses that make six figures yearly. Imagine if you could spend your spare time learning how to create successful online businesses, resulting in several income-producing assets that will continue to earn money while your out playing golf or on vacation with the family.

Remember that business has changed. The way people are making money is changing. Old ways won’t open new doors. Starting an online business today will give you a running start in the new economy.

3. No disadvantages and faster personal growth

The rules of business don’t adjust based on age, a business owner in their mid 60s has the same risks and responsibilities that someone in their early 20s has.

Running a business introduces you to many life lessons, and being introduced to them at an early age will allow to develop into a more balanced person a lot sooner.

4. Ability to work from anywhere in the world

Having an online business with will allow you to work from wherever you want in the world. All you need is a laptop or smartphone with internet access. You can start your day when you feel you are ready and work as much or as little as you want.

The work won’t be any easier on a beach in Mexico than it would be in an apartment in Paris, and you will still have the same battles and challenges that every entrepreneur faces, but the option to do it from any location or while traveling is real.

5. Less risk and little financial commitment to start

Before the Internet it was very difficult for just anyone to start a profitable business. Credit cards, Bank loans, lines of credit weren’t easy to get and still aren’t for everyone.

An online business for the most part has lower overhead when compared to an offline traditional construction business, translating into less of a financial commitment. This allows anyone to be able to start a profitable online business. The only variable is your commitment to making it happen.

Getting Started Building a Successful Online Business!

Start Planning!

It is true you can make money on the internet. You can make a lot of money on the internet. Online business is growing rapidly and there’s a reason for that. But starting an online business and starting a successful online business are not one and the same thing. Many people ask “How can I start an easy online business?” However, like any successful business idea the notion of an easy online business is a myth. A successful internet business needs the same attention to forethought as any successful business. Whether you are looking to start successful online store or successful home business the early stages require good planning, good organization and hardwork.

You will make money online with good planning!

The first step of starting a successful business online is the same step as starting any successful business. You need to plan your new online business as much as any other business. A home based online business is going to need to planning just as much as a home based cake business or delivery firm in order to succeed and make money online!

Only fools rush in!

Often, when people are starting a new online business their first impulse is to get online! This would seem to make sense. I mean how can you start an online business without being online? They then waste a lot of time and money searching the net for good hosting and snapping up web domains so they can quickly get started in their new online business. In truth though you are already online! And you are already working on your new internet business.

What kind of Online Business do you want to start?

The first thing you will need to plan for in your online business is what kind of business that will be! Are you trying to sell items on eBay? Start an online store selling a product of your own? Or start an online store selling someone else’s products? Are you going to start a website to market affiliate products?

Get a clear idea of what kind of online business you want and research it.

Having a clear idea of where your new online business is going is going to save you a lot of wasted time and money. Good research into what you will want to market in your online business will help you to choose wisely when choosing domains. How much traffic or web space you will need for your online store or your new online business website will determine which hosting option you choose and where you plant those domain names – especially, if you plan on having multiple sites.

What products will you sell and how will you market them?

Marketing tactics are going to be crucial to your online success. Knowing which path you are taking and what marketing methods you will be using is going to save you a lot of time and money in the future. It will determine what kind of site you will need and what marketing tools you will use. Good choices early on will help your business to achieve its aims quickly and mean any money you did spend on hosting and domains starting an your business was money well spent. Having a clear business idea and choosing the right products to sell on your website will increase it’s effect and help you decide the design and content of your site.

Get the proper training and online resources.

If you are completely new to internet marketing and online internet business, one thing that often proves crucial to success is proper training. Getting help and advice form the experts can save you a lot of time in learning skills of online business and have you running your internet business much more quickly and profitably. This needn’t break the bank and there is a lot of information out there.

Decide on a budget and research where best to spend it.

Lastly, decide on a budget! If you know how much you are prepared to spend investing in starting your business and how much money you want to make online then you can research the most cost effective way of achieving online success!

So in short! How to get started in building successful business online?

1. Make a plan and research it!

2. Decide what kind of business you want.

3. Decide what products are best for your business.

4. Decide how best those products will be marketed online.

5. Get the proper training and advice form experts.

6. Decide how much money you want to invest and plan accordingly.

7. Stick to the plan and don’t get distracted.

With the proper planning and strategy your business will be a success.

Of course this is only Step 1 to starting a new business online. But if you are serious about starting a business then this should be your most important step!

Introduction to Strength of Materials

Introduction:-

In earlier studies we have undergone a basic course in mechanics of Rigid Bodies, more commonly referred to as Engineering Mechanics or Applied Mechanics. Mechanics as such is subdivided into three branches; Mechanics of Rigid bodies, Mechanics of Deformable Bodies and Mechanics of fluids.

Mechanics of Rigid Bodies assumed bodies to be perfectly rigid i.e. there is no deformation of bodies under the action of loads to which they are subjected statics and Dynamics are the two branches of Mechanics Of rigid Bodies involving stationary and moving bodies respectively under the action of loads.

Stress:-

i. The force of resistances per unit are offered by a body against deformation is known as Stress. When a body is subjected to external loading the body undergoes some deformation. At the same time internal force of resistance is due to the cohesion of molecules inside the body. Thus stress is induced in the body upon external action of load

ii. If the body is able to resist the external load, it is said to be stable, in equilibrium and therefore for this condition the internal force of resistance should be equal to the external load.

By Definition Stress=force of resistance/cross sectional area

Or Stress=P/A

Strain:-

As the body produce force of resistance to counter the external loading it undergoes some deformation. The extent of deformation depend on the material property like molecular cohesion. The ratio of change in dimension is known as strain.

Since Strain is ratio, it has no units. We shall denote strain by letter e. If L is the original dimension and is change in dimension and then

Strain =Change in dimension/Original dimension

Types of Stress:-

1) Direct Stress and Direct Strain:-

When the force of resistance acts normal or perpendicular to the area on which it acts, the stress so produced is termed as Direct or Normal Stress and corresponding strain is referred to as Direct Strain.

We shall denote direct stress by letter ‘f’. Direct stress could be of tensile nature of compressive nature.

2) Tensile stress:-

When the force of resistance acts away from the cross sectional area, the direct stress is of tensile nature. Tensile stresses tend to cause an increase in the original dimension.

3) Compressive Stress:-

When the force of resistance acts towards the cross sectional area, the direct stress is of compressive in nature. Compressive stresses tend to cause a decrease in the original dimension.