Starting a business can be a way to earn your financial freedom if you can achieve greatness. Online businesses can fail as quickly as offline businesses, but there is still a big chance for success.

Online businesses succeed because of search engines and advertising. Your product also has to be of excellent quality. Do you have an original idea that can change the landscape of your niche?

No worries if you don't. You can do something called white-labeling, which allows you to market someone else's product under your label. It's an excellent way to focus on your marketing and advertising.

There are even more ways to achieve success by leveraging your own website and ads. Most importantly, you can automate your business by using systems, out-sourcing, and management. This ensures you can be on the beach, receiving residual business income through retirement—once you get your business up and running.