How To Start An Online Business
To get started with any business you need a product to sell...
Money is made by selling...
Selling a Product or Selling a Skill/Service
If you decide to sell a Product, all you need to do is to discover a problem alot of people have in the society. Find a product that will be able to solve such problem.
Here your product can be Digital or physical. I will focus on Digital Products. These include Ebooks, Videos Courses, Audio Courses etc that can be accessed with the Smartphone.
The goodnews is that you must not be the creator of these products. You can decide to sell other people products and earn a commission for that. This is called Affiliate Marketing.
So as an Affiliate Marketer, your job is to connect who wants to buy to who wants to Sell. That's all.... You don't need to worry about creating a digital product or worry about buying/stocking up a physical product. Just connect a buyer to a seller and you earn a commission from the sale ....
Affiliate Marketing is one of the simplest way to make money Online. Affiliate commission ranges from 20% to 50% which is very good.
You need to choose a skill, be diligent to learn it and master it with practice. Then you can begin to sell your Skill Online.
For this write up, I will be teaching you how to create an Ebook Cover Mock-up. This skill can earn you daily alert Online if you are consistent and persistent with practice ...
You can also begin to sell this skill on Fiverr and begin to earn in dollars from your skill
5 Benefits to Starting an Online Business
Technically, an online business is not a digital or virtual extension of an existing traditional business.
An online business is a digital enterprise where the primary forte of the company is in the virtual world. However, for the purpose of inclusivity, we shall include the digital or online extensions of existing traditional businesses.
Here are five benefits to starting an online business.
*👉🏾1) Reasonable Investment*
Most online businesses cost a fraction of what a traditional or conventional business demands. Compare the cost of launching an online store or ecommerce site and an actual retail store. The difference will be a small fortune. It is true that starting an ecommerce site or global marketplace like Amazon or eBay will require much more money than starting a convenience store in a neighborhood but not every online store needs to be an Amazon or eBay.
*👉🏾2) Easy Startup*
An online business can be launched in weeks, if not days. Once the business plan is in place and all the products or services are ready to be rolled out, it takes days to start an online business. For those who don’t need to rely on website designers or a multipurpose agency, the ball can be set rolling in less than a week.
*👉🏾3) High Returns on Investments*
The investment is low to begin with. The returns are high anyway when you assess the ROI. However, given the scope of expansion and exponential growth that one can encounter, the returns on investments are exponentially higher than conventional or traditional businesses. A traditional business can only reach out to an immediate audience. Online businesses can transcend geographical boundaries, cultural and social barriers to emerge as a global phenomenon.
Online businesses can be automated, almost entirely. You should conduct the reviews, assess the performance and make changes as and when needed but you don’t need to personally or physically intervene at every stage. Everything from compliance to sales, customer service to upgrades can be automated. Digital entrepreneurs will have more time at their discretion which can be used to diversify, to expand the business, to venture into new endeavors and to indulge in a plethora of leisures.
*👉🏾5) A Myriad of Freedoms*
Online business owners can work from anywhere, at any time, for as long as they want and there’s the elusive financial freedom. Online businesses are truly empowering. Online businesses also help entrepreneurs to find that quintessential balance between work and life.
Here is the training video on how to Create and design Ebook Cover Mock-up👇🏾👇🏾
Watch, Practice and begin to sell your Skill.
Don't forget to subscribe to my YouTube channel for more training videos.
🥂🥂Cheers to massive earning Online
✍🏾 Chiamaka Igwebuike