Is it True? That you can make money on The internet and start a Business
There is money to be made on the internet, It’s a Science, It’s an art. You should have the skills.

At the same time, there are a lot of scams out there. Always remember that if something sounds too good to be true, it usually is! If a stranger walked up to you on the street, and promises you that he can convert your $50 investment into $5000 in 1 month, without you having to do any work, which should be value creating (and not just clicking links and filling survey forms) will you believe him? Yet so many innocent people do that. They Just hope against the Odds.
and lose so much of money.

Your Ideas on Internet Business
You must think of your business on the internet as a business, something that you work at for a fixed time per day at least for first few months. Perhaps it's only 2 hour a day, but have a plan of what you want to do in those 2 hours. You may not want to go full time yet, but even if you have a part time business you should treat it as a business and not a time pass hobby.

Is It True?
The stories you hear of people making $20,000 per month are true, however they work their online business as hard, or harder than an offline business. Once you have established yourself and products you can leverage the internet to allow you to make passive residual income. This
is income that you don't have to actively sell for (for example an ebook or a software) and the income or revenue is generated fairly regular.