If you want to start an online home based business, the chances that you want to only earn a part-time income are low, since most who start their own business are looking to at least earn six-figures per year. There is good news and bad news about this however; the good news is that anybody can easily build a six-figure work-from-home business, the bad news is that you’ll have to take some massive action in order to get the results. If you are driven to build this kind of income from your home-based business, then let’s take a look at the steps required to put yourself on track to earn six-figures within your first year online.

#1 – Write an eBook to sell or giveaway

Every online business will need an introductory product, which for new online business owners can be a simple ebook. The eBook is a great introductory product because they are easy to create and easy to give away to your potential customers. This can be a free product you give away or you can sell it for a low-price, around $10-$30

#2 – Use the eBook as a template for an audio and video product

Many people won’t be willing to spend huge sums of money on your business, but many will be willing to pay up to $100, so your goal should be to target these customers with a quality audio or video product that is sold anywhere from $75-$100. Selling just one of these products daily can earn you close to $40,000 alone every single year. This is not going to put you above 6-figures, but it is a great product price to get you comfortable working from home. This product will also serve to be the introduction to your high-priced products.

#3 – Break the eBook into coaching lessons

The real key to online success is to have a “flagship” product that sells for a few hundred to several thousand dollars. While this won’t create hundreds of sales, with a nice pricetag all you need to do is sell a couple every month to put yourself in the six-figure per year range. Designing a $5,000-$10,000 product which deliver 1-on-1 coaching means you only have to sell 10-20 per year to be making six-figures, and your sales campaign will aggressively push your leads to purchase this product. Your other products will also act to be introductory of this flagship product.

This is truly the key to success with a home-based business. Create a wide-range of products with different price levels and work diligently to get your customers interested and buying them from you.