If you’re in the verge of starting your own home based business only, you might be having troubles deciding whether you should leave your day job and pursue a life that you always dream of – such as achieving a debt-free life, complete financial freedom and a stable profitable business.  On the other hand, it can be a risky task since setting up an internet business requires some overhead cost and you would not necessary gain profit within a short period of time. In other words, you cannot guarantee that your business will start making lucrative profits after few weeks of opening.To be honest with you – there is nothing that guarantees the success of your business but if you’re willing to accept new challenges and deal with new problems persistently and that kind of positivity would attract success! Therefore, starting a successful new online business at home does not come overnight – it requires small baby steps to achieve it. In fact, you don’t have to spend much time on these steps below:Step 1: Find a niche that you’re really interested atFor some people, it would take hours or days to find a right niche for them and this could happen to you too. If you’re having difficulties of finding one – you can browse through the advertorial section in magazines and newspapers, to see others what they are currently promoting. Based on that, you can easily choose one niche that interests you. Other than that, if you have a hobby or any particular interest that you wish to pursue, you can actually turn them into a profitable online business as long as you’re fully dedicated to it.Step 2: Start researching on the selected nicheOnce you have selected a niche, you have to identify competitors of your niche and learn on what they have offer to their potential clients. It is similar to a famous quote from Sun Tzu’s Art of War:”Know your enemy and know yourself, find naught in fear for 100 battles.”Based on this quote, you can learn from your competitors (or “enemies”) about the products they sell, and contents they provide from their websites. From their website contents, you can figure out the keywords that help them rank top of the search engine results page (SERP).  Step 3: Identify the strengths and weaknesses of your businessSince you’ve identified your competitors of your selected niche, it becomes natural to proceed with distinguishing strengths and weakness of your own online home based business – your products or service. Here’s a tip on how those big companies identify their strengths and weaknesses – is performing a SWOT analysis. Therefore, it’s wise that you Google up “SWOT analysis” for more related resources.Step 4: Find solutions and work on it as soon as possibleWhen you’ve completed first few steps above, it’s time to take actions accordingly and work on it as quickly as possible. Set up a working schedule to get things at the right time. You need to maintain a high-productivity at work in order to complete all possible tasks on your own as you’re the boss and the worker of your own internet business. Now you have learned all the steps to start your own home based online – so let’s start it up!