If you have reached here, then probably you have found one of the MOST searched and trending query on the Internet i.e. starting an online business!
“Starting an online business” is the one of the highly ranked and yet one of the highly misunderstood concept of today’s era!
But indeed it is the most effective and exciting way to earn money online..
And NOW it is the time for that..
There hundreds of definitions out there which all are true for online business. But I would define it as follows – “Online business is a business which lets you Earn money even while you sleep, play or go the gym”.
It is something which runs automatically and on auto pilot basis. Sounds interesting? Read it on..
This is the business that doesn’t need typical and complex registration processes (Really?).
Just recall the days – when you need to start a business (A shop or snack bar), how much pain you need to suffer, from taking a rent shop to getting license, from establishing a store to getting your first client. In short, it was so complicated and pathetic.
Now imagine today’s scenario. How easy is to start your online business? Just start a simple blog, get people engaged who need your services, and BOOM. You are IN!
Wait though, it is NOT that easy. Even there are pretty simple procedures to create a blog / website and sell your products online, there is a lot more efforts and attention is needed to be succeed in that. Here is where we can help you. In this article, I will show you step by step guide for starting an online business.
Before moving forward, just think of any service OR product which you purchased in last couple of months –
Maybe a smartphone from Amazon? OR maybe some tutorial from LinkedIn? Whatever may be the case, just recall how YOU decided and set your mind to buy that product? Once you find the answer to this question, you have won half of the battle!
First of all, you have to find people who WANT your product or service. There is no meaning to sell 7$ chemistry eBook to high school students. They want and have almost all material which is FREE. They sometimes can’t afford or interested in buying your eBook online. The right audience for selling chemistry eBook maybe – people who work in some sort of chemical labs or research and development departments.
Now think on this. How did I figure (and will prove this to you in a while) my customers for eBook?
I found out the NEED. I tried to catch REQUIREMENT.
In other words, I SOLVED specific problem of specific group of people who are on Internet.
This is the sentence you should write down in your diary and speak out loud 100 times a day! Unless you don’t solve specific problem OR you don’t provide services which are needed by a group of people, you can’t be successful in creating successful online business.
Enough of brainstorming. Let’s get through some live examples –
How to Start an online business?
1) Identify services which your visitors would be interested in
First of all you have to identify the services or products you are going to sell on your blog or website. You can create some Worksheet / Assignment and offer them for FREE to your visitors, just to let you know that what is that ONE problem your audience is facing AND how you can help them to solve it. There might be only 10 people who actually are interested in your services. Fine! that is not at all a problem.
2) Offer FREE materials to your audience
You may Package highest viewed blog posts and re-create contents for them. And then Send it to all subscribers as free gift (lead magnet / lead generation tool). Just mention that you have higher quality contents to offer and you will charge 10$ per month for that membership area!
And here we have unlocked
Method #1 for online income – The Membership Site!
And BOOM! the magic will start happening. If you have even 100+ subscribers, and at least 15 of them are convinced, it would be pretty cool step to start with your first online income journey!
Later on you can create audio – video course for the same. You can later on utilize these paying clients to offer even more attractive packages. Remember, 80% revenue comes from repeating / recurring clients in any business and in any company. It doesn’t mean that you should not try to find out new customers though!
Another profitable idea for earning online is to create e-books. It is becoming pretty much easy and popular to publish your own e-book. If students are good at anything, it’s researching and writing. For example – Amazon kindle is a great way to start with. The Amazon Kindle store, anyone can publish an eBook and make money. And the Kindle app is now available on almost any device (laptops, iPads, smartphones and yes, Kindles) so your global market is huge!
So here it is –
Method #2 for earning online – publish your own e-book!
List your book for £1.49 – £6.99 and you earn 70% of the sale. Considering Amazon is the ultimate selling machine (and remember people are looking to spend), that is a fantastic deal.
The key to success with eBooks is to create value, and write non-fiction. Simply bundling information you have researched and complied on a common problem (eg. ‘secrets’ to finding a job) and then presenting it in an easy to digest format (an eBook) justifies someone spending a few quid on it.
e-book is nothing but your own digital product. You can also package few such products and create one master product called – online e-course!
online courses can include (and not limited to) email course, podcasts, video course or audio visual presentations. And that is how you have unlocked one of the most profitable online income strategy –
Method #3 – Sell online courses straight from your Blog!
There are unlimited possibilities with making money by offering consulting if you know how to serve your targeted audience. I know what you might be thinking. Is it really possible to make money online by creating online courses? Will people buy and enroll into my programs?
Yes of course they do. Online courses is the most popular income source for majority of the smart bloggers who are building million dollar online business. People like Ramit Sethi, Darren Rowse, Brian Clark etc are using online courses to earn majority of their income. Almost 80% of their income comes from their paid online courses.
If you are looking for making money by selling online courses, you must remember one thing: “create free content that’s worth paying for”. Then when you launch premium courses, people will ready to take money out of their wallets to consume your content.
Popular Online Earning Methods
This table covers almost all online money making strategies those actually WORK. So you can choose from any of this and start your Online Income Journey So that is it! These are few methods you can apply and get success in your online income journey. Did you like this article? Then don’t miss our exclusive give away FREE PDF step by step guide on starting an online business. Sign up here and we will throw a free copy straight to your inbox!
Some cool highlights of our FREE dummies guide on starting online business –
- Proven and tested ways to Get your first 500 subscribers
- How to Find your first 5 paying clients
- Method to create a digital product that sells itself
- How you would engage your visitors and turn them into paying customers
- Techniques to 10x, 20x your revenue by starting one-to-one private coaching
- Go narrow and Go down (Blog niche consultancy)
and many more…
Let us know your views and suggestions in comment section below! That help us more than what you might believe!