With most transactions being done through the aid of the computer and the Internet, home based businesses conducted online have gained immense popularity over the years. Opportunities abound in the Internet and many people try their luck in engaging in one or more business ventures. However, not all players who have online home based businesses have met with success, as the probability of failure is equally comparable.If you are interested in engaging in an online home based business, then you must remember that establishing one requires hard work on your part. Bear in mind that this is all about you, your product or service, your time schedule, how you execute your marketing program, creating and keeping your network of clients and prospective clients, and in the end, generating income for your business.In setting up your online home based business, you need to have a start up capital, the amount will depend on what business you want to go into. Your capital should take care of your overhead costs like electricity use, Internet connection, and other equipment, like a new computer, that you might need in starting your online home based business. If you want to sell products online, then your funds will be used to build up your inventory of items to be sold.In choosing what online home based business you want to establish, there are a lot of alternatives to choose from. If you want to sell your services, then there are businesses involving copy writing, web site building, web content writing, acting as consultant for research or marketing projects, or financial consultancy. If you prefer to sell products, your web site can serve as a store showcasing your own handicrafts or goodies/treats or you can act as middleman and sell other people?s products. Selling second hand products like clothes or books is another option and you can do this through setting up auctions or bids online.Having an online home based business can be profitable if you just know how to properly manage it.