A Quick Guide to Starting a Profitable Online Business!
Starting an online business can truly be a thing of fun. Low cost of entry, improved technology and excellent tools – all guaranteed to push your online business to unimaginable heights!
But, and this is a big BUT, if you’re just starting out, the problem of not knowing where to begin or the right steps to take can turn out to be a real headache! However, instead of chickening out or allowing yourself to be confused, because you want to understand everything before you begin, my advice is focus on the basic start-up process laid out below.
The basic start-up process can actually be broken up into 3 broad questions you need to answer to kick-start your online business. Once you have gotten this right, you can move on to choose how to run it and then work to improve it as you go along.
What I have done here is to lay out these 3 questions and then referenced some of the very best posts on this blog that relate to each of these questions. Of course, there are over 300 posts on this blog from which you can choose from but to save you that pain and trouble, I’ve carefully selected these ones.
I hope you enjoy your entrepreneurial journey!
NOTE: For a step by step guide for starting and growing your online business, I ask that that you sign up for my free newsletter. Click here to join and access the 7 Steps in 7 Days to a Flourishing Online Business!
So, here we go:
1. What Are Your Strengths?
Truth is, not everyone is born to be an entrepreneur. So your quest to build a successful online business must begin by assessing your entrepreneurial strength. Are you willing to take a risk with your money to make more money? Are you fired up with such a prospect or does it frighten you? Besides, are you a self-starter? Do you have the self-discipline of an entrepreneur? Are you willing to work hard and do you possess an ability to handle uncertainty? If you answer yes to all of these, then you are set to go!
- So You Want To Start Your Own Online Business?
- 5 solid Reasons why Your Business Can’t Afford Not To Be Online!
- How Not To Start A Business Online!
- Little Known Cornerstones For Long-Lasting Online Business Success!
- What Does It Really Take To Be A Successful Entrepreneur?
- Are You Responsible?
- Uncommon Traits of Wildly Successful Online Entrepreneurs!
2. What Is The Right Business For You?
The next question you need to answer is what sort of business is right for you? Now, you must understand that entrepreneurs fall into two types when you are considering the right business:
(a) Those who love something so much and because of their passion for that thing will gladly turn it into a career. If you fall into this group be sure there is a market for that which you love before making it your business.
(b) Those who simply love entrepreneurship and will gladly start any business in any market, after carefully analyzing the potentials. The focus of these types of entrepreneurs is the market potential. Once they see any potential in it they will gladly fall in love with that business!
Bottom line: Develop a list of business ideas, do your research to determine if there is a demand for any of these ideas and then pick the ones that offer the best opportunity.
Here are some articles to help you along this path:
- How to Create A Home-Based Online Business Opportunity
- 7 Possible Home Business Ideas for Today’s Motivated Entrepreneur!
- How to Start An Extra Income Online Business Through Freelance Writing Jobs!
- Online Career Ideas: How to Capitalize On Your Popularity Online!
- More Possible Business Ideas to Make Money Online Starting Now!
- Online Business Ideas: It’s Not Opportunities but How You Make Use of them that Matters!
3. How Will You Market Your Business & Make Sales?
As much as many of us do not want to be sold and so find it really difficult to sell online, building a business online is not different from building in the offline world. The methods and strategies may be different but looked critically they are all the same!
Marketing and selling online has much to do with your website. Setting up a website and then driving traffic to it is actually the secret to any online business success. Without website visitors you will not be able to make money with your website. You need to determine your marketing strategies. Will you employ free methods, paid methods or both?
It is important to note that with the competition online getting fiercer everyday, you will need to employ different marketing strategies then by tracking and testing you will be able to determine the ones to focus on.
Take a look at these articles for some insights:
- 9 Creative Marketing Ideas to Grow Your Business Today!
- How a Good Marketing Strategy Can Help With Your Business Success
- How To Effectively Use A Blog To Boost Your Home Based Business Success!
- Some Helpful Tips For Using Blogs To Promote Your Business Online
- How to Use PPC Online Advertising to Grow Your Online Business!
These 3 questions form the core of starting an online business. Get the answers to these questions and you are set to build your online business. Doing this can be as complicated as you want. But the fact is that if you are able to get this right starting your own profitable online business will be a breeze!
How About a Business Plan?
Let me briefly look at this before I round off this quick guide.
Do you need a business plan for your online business? Of course, your online business is just like any other business and so it will need some form of business plan. However, understand that you don’t need to know every detail about your business before you start. Most business coaches usually recommend thoroughly thinking through what the business will be before starting. Of course, if you can do this, fine. But truth is, when it comes to online business it is better to hit the tracks running and work on things as you go along than getting bogged down by these minute details a simple plan that will act as a guide for your journey is all you need.
- Do You Really Need A Business Plan To Succeed In Business?
- How You Can Make Your Business Truly Awesome, Always!
For more posts on this blog about building an online business and entrepreneurial you’ll want to read the following:
- Frankly, Are You Building A Business Or A Blog?
- 5 Top Reasons Why Online Businesses Are Booming In Today’s Economy!
- Can You Really Build a Billion Dollar Business Online?
- Business Lessons You Can Learn from Google’s Company Philosophy!
- Proven Innovative Business Ideas to Help You Take Your Online Business to the Next Level!
- More Proven Innovative Business Ideas That Will Help You Enhance Your Business For The Next Level![CONT.]
- How To Create A Celebrity Status For Your Online Business!
- 8 Reasons Why Blogs Are An Important Part of a Business Website
- 6 Cost-Saving & Business-Building Tips That Will Help You Succeed Online
- What Christmas Teaches Us About Building A Successful Online Business!
- Boxing Day Giving and Building a Successful Online Business!
- Theodore Roosevelt on Success and How to Stand Out In Life!
- Frankly, Are You Building A Business Or A Blog?
- Are You A Blogger or an Entrepreneur Who Blogs?
- Your Business Success Is Your Responsibility!
- The 4 Things That Will Insure You against Business Failure!
- Top Signs that You May Be Sabotaging Your Online Business!
Want a detailed step by step guide for starting and growing your online business? Then Click Here to get the 7 Steps in 7 Days to a Flourishing Online Business! Not to worry, it’s FREE!