Advertising
Advertising

Why Starting An Online Business Online Is Easier Than You Think

Why Starting An Online Business Online Is Easier Than You Think

Do you have a personal computer, an internet connection, and a worthwhile dream trying to make money online?

Then what are you waiting for? Gone are the days when you would need hundreds of dollars to start up a business. Now, a computer and an internet connection are just what you need.

It is really amazing how the internet, better still, technology has helped shape the world. You can now become wealthy or at least financially free at a very young age, compared to older times where most people made their fortunes after they had stepped into their 40s.

Many people are afraid of starting an online business because they fear that it might crash someday, and it is often said that whatever the mind can conceive can be achieved. You just have to forget all the reasons why it won’t work and think about the reasons it could work.

Some are already making money, while some are still skeptical about the whole idea of online business.

But really, there is absolutely nothing to worry about – an online business is the easiest business you can ever run and be sure of minimizing risk. However, there is no business without ANY risk.

Why Starting Your Own Business Online Is A Smart Move

starting your own business

    If you happen to be among the people who are doubtful about the idea of online business, there are several reasons why you should choose online over the traditional bricks and mortar format.

    1. Easy and cheap to start

    Regardless of what type of business you have in mind, one of the most important things to consider first is how much it would cost to start your dream business.

    To start an online business, all you need is a just a little cash to set-up the website and host it online. As long as you know what you want to do clearly, you are ready to go with just a few dollars.

    Even though the costs of starting an online business are minimal compared to starting a brick and mortar company, you should still do your research beforehand and calculate your costs.

    In fact, according to the Business portal of the Queensland government, not doing so is one of the basic reasons of start-up failure.

    2. Easy to achieve exponential growth

    Isn’t one of the goals of starting a business is to maximize profit and minimize loss?

    Advertising

    If that still remains the same, then one of the reasons you should consider an online business is to think of how fast and easy it can grow.

    3. Open to a large group of people

    An online business provides all the essential tools to better improve on your product sales while keeping it running smoothly at a low cost and reducing loss to the bare minimum.

    The internet is there to help display your products and services to over 3.2 billion costumers around the globe – that is huge.

    It also has the ability to help integrate your website with social media and gives access to the most sophisticated and user-friendly marketing platforms, such as Facebook, Instagram, YouTube and so many others on the internet.

    4. Gives time to do things while still growing your business

    Unlike the traditional offline business, an online business gives you time to attend to other issues of pressing need while you still grow your dollars online. It provides a much greater flexibility.

    I travel pretty often and when I do, it’s so damn amazing because I am still making money!

    While others have to take a leave from their jobs or close their brick and mortar operation temporarily to go for a trip, my online business gives me the freedom and flexibility to take it with me wherever I go.

    5. Makes your business available round the clock

    The internet is always up and running even when you are asleep. Once you have launched your website, only little additional time is required to maintain it in order to increase efficiency and automation.

    Essentially, you are bound to be making money 24/7 as opposed to having a conventional business that only operates a limited amount of time during the day.

    Is Starting An Online Business Feasible For Everybody?

    Generally yes, it is very attainable and achievable. As a matter of fact, putting up your own business online is a whole lot easier than you might think.

    Here, you’ll get to work at your own pace, space and time – unlike the bricks and mortar workplace, where you are limited to work to a specified time schedule, confined space and under interaction with less motivated and ambitious colleagues.

    So why subject yourself to unnecessary stress, when you can start making up to $2,500 or more in a month in the comfort of your own home?

    The good news is that you don’t necessarily have to be a tech guru to get started. With a budget of as low as $10 in a month, you will be able to get the ball rolling.

    Advertising

    There are tons of business opportunities out there on the internet, but the unfortunate thing is that not everyone can see them.

    What Kind Of Online Business Should You Start?

    Before starting an online business, you should perhaps find something that you are passionate or interested in and can turn into cash. What is more pleasurable than getting paid for what you love doing?

    Another thing to note is, when circumstances become tough, the passion is what keeps you going. As an aspiring online entrepreneur, you may need to consider the following ideas:

    1. Professional Freelancing

    If you have great skills in graphic design, search engine optimization, website design, résumé/cover letter writing, article writing and you don’t have a website of your own, you can get started offering these services to people who are literally ready to buy.

    And you can do that without even spending a dime to get started!

    Just sign up for some of the major freelancing platforms and you could literally start making money in a few hours. Freelancing on platforms like Elance, Upwork or Fiverr can be particularly lucrative and even replace a regular job.

    In fact, there are many people that are making a full time income or even six figures by working on Fiverr.

    Most people believe that Fiverr is not a lucrative platform because of most services being sold at just $5. However, the truth is that it offers you tons of opportunities to be a successful freelancer. Once you get the ball rolling and establish a customer base, it’s not that hard to start getting paid much more than that for each completed order, with sums possibly going up to $100-$500 per completed order.

    2. Specialized Retailing

    You will already be pretty familiar with websites where you can go to do your shopping. You have probably at one point or another tried to purchase from Amazon, or even from other websites such as eBay and Alibaba among many others.

    These companies are online and from there, their owners make enough money from every second of every day. You too can join in the league of online entrepreneurs and start your own e-commerce store.

    Amazon, eBay and Shopify are common roads for aspiring internet entrepreneurs and the potential upside goes over 6, 7 and 8 figures in income.

    3. Blog Publishing

    Blogging is one of the easiest and fastest growing online businesses around. You can get started easily with just a few bucks for hosting and a domain name. There are dozens of free themes available for your website, so you don’t even have to hire a web designer. What’s more, WordPress which is the main content management system for blogs is actually free and available to anyone to use.

    If you are not that good with technology, you don’t have to worry because there are tons of tutorials on YouTube to get you started. Most people can make money blogging. There are tons of bloggers out there who don’t need to look for any other job elsewhere – they make good money from their blogs.

    Advertising

    Of course, you really need to be knowledgeable and unique regarding what you blog about if you want to succeed in doing so.

    Either way, blogging can be as lucrative as any other online business, if you are serious about it. For instance, there have been case studies of bloggers who make over $100,000 a month from their websites, which is a sum most people don’t earn from their regular jobs in an entire year.

    4. Website Design

    There are many other companies out there looking for how to improve their websites. If you are good at the art of web design, you are sure to be able to rake in some serious money.

    If you are not already good at it, learning is easier than you think as there are tons of free tutorials on Google and YouTube. Everything you need to know is available at the reach of your fingertips.

    Practical steps To Starting Your Own Online Business

    starting your own business

      Your ideas alone are not enough before you can dive into the pool of online business. There are certain steps to take to make this happen.

      1. Clearly Define What Products/ Services You Are Going To Sell

      The truth is, you are not the only entrepreneur offering that product or service.

      To be able to convince your potential customers to choose your products or services over the ones offered by others, you have to possess essential knowledge about your product or service, understand the business environment and know who your competitors are.

      You don’t have to know everything from the get-go, but you have to have a plan at least regarding how you are going to get started.

      2. Set Up A Professional and Functional Website

      Once you have clearly defined your products and services, the next step to take is to buy a domain and make it come alive.

      When choosing a name for your website (which, of course, should carry the name of the business), it is important you go for something likely to catch the attention of the public – make it short, creative and simple.

      The essence of creating a website is to allow a lot people across the globe to have access to your work. It is one thing to create a website, however, it is another thing to keep it alive, relevant and exciting.

      Endeavour to generate as much traffic as possible on your site, as this will increase your chances of making good sales.

      Advertising

      3. Know Your Target Audience

      Before getting to know your potential clients, first you need to know that not everyone needs your products and services.

      Getting the products and services across to interested audience is the driving force behind every business. When people get the goods and services they want from you, they will be more likely to come back for more.They might even bring their family and friends along. Hence, they become your ideal and loyal clients.

      When you know your target audience, you can solve the problems of who to sell to, how to get them interested and how to get customers to keep coming back.

      4. Identify And Focus On ONE Social Media Platform

      In the previous point, it was mentioned that getting your goods and services to an interested audience goes a long way in the success of your business.

      It is very important to direct your objectives towards where your target audience hangs out on social media. For instance, if your potential clients fall within the age groups of 18 – 29, you might want to consider opening an account for your business on Snapchat and Instagram.

      If you are interested in career-oriented professionals, LinkedIn might be the right platform to focus on. To make your products and services known to your family members and friends, Facebook may be the best option.

      Other useful platforms to market your business include Google+, YouTube and Pinterest, among others.

      What matters is that you focus on the one that can give you the biggest bang for your buck. Most people spread themselves too thin trying to grow all their social media platforms at once. In the end, they don’t grow any of them and lose valuable time they could have invested elsewhere.

      A Last Word Of Inspiration

      The likes of Mark Zuckerberg and Steve Jobs all started from somewhere.

      Bear in mind that eBay, Amazon and Alibaba, among others, all started from a single room or a garage. Eventually, they ended up being internet giants whose owners are billionaires.

      Hopefully, this will emphasize that there is absolutely no limit to how much you can make with an online business. All you have to do for now is to simply get started. Even if that means starting your online business from your kitchen or dorm room.

      More by this author

      Damian "Pros" Prosalendis

      Entrepreneur, Business Owner

      starting your own business Why Starting An Online Business Online Is Easier Than You Think They Say Money Can’t Buy Happiness, It Can Buy Something More Important Though personal branding 8 Secrets People Good At Personal Branding Never Told You malcolm gladwell 39 Inspirational Quotes By Malcolm Gladwell That We Should Revisit Every Day killer productivity lifehacks 9 Killer Productivity Lifehacks to Supercharge Your Success Rate

      Trending in Entrepreneur

      1 How to Be a Successful Businessman (The Complete Guide) 2 How to Brand Yourself and Make Your Business Stand Out 3 How to Start a Company from Scratch (A Step-By-Step Guide) 4 15 Best Books for Entrepreneurs to Start Reading Right Now 5 How to Start a Successful Business and Increase Your Profits

      Read Next

      Advertising
      Advertising
      Advertising

      Last Updated on February 15, 2019

      How to Achieve Goals and Increase Your Chance of Success

      How to Achieve Goals and Increase Your Chance of Success

      Does it ever feel like the things you want to accomplish always end up on the back burner? If the answer to that question is “yes,” you’re not alone. Only about 33% of people consistently work toward their goals. In some cases, their goals may seem too lofty to accomplish, or else they aren’t sure how to make a plan for them.

      If you don’t come up with concrete steps to take toward your goals, they’ll remain dreams. There’s nothing wrong with being a dreamer, but being able to turn your dreams into goals you can realize will help you lead a happier and more fulfilling life.

      Luckily, you can realize almost any dream when you harness the right goal-setting methods.

      In this article, I’ll show you how to achieve goals and get closer you success.

      1. Break your dreams down into specific and measurable steps

      We couldn’t talk about goal-setting without mentioning SMART goals.

      SMART goals are specific, measurable, assignable, realistic, and time-related.

      Specific and measurable steps are so important because if we don’t know what our target it, how can we ever hit it?

      Take all those beautiful dreams you have for yourself and make them into things you can actually do. If you want to be an entrepreneur, for example, a step toward realizing your dream might be researching what you’ll need to start your business.

      Find out more tips about utilizing SMART goals here:

      How to Use SMART Goal to Become Highly Successful in Life

      Advertising

      2. Have at least one clearly defined goal for every interest and role in your life

      It’s so easy to become complacent or stagnate. We often think that our careers are the only places where we need to set goals, but we aren’t only what we do.

      To make the most of your life, take the approach that you’re always learning and growing in everything you do. Anything worth doing is worth doing well after all.

      Set goals whether you’re sponsoring an activity for your child, taking up guitar lessons or trying to prove your worth at work.

      You’ll notice that this approach forces you to constantly develop new skills. It can also be fulfilling to put more focus and value into all areas of your life— not just the ones related to our careers.

      3. Align your goals with your life’s mission, purpose and passion

      Take the opportunity to do some soul-searching. What is it that you want to do with this precious life of yours?

      Anything that conflicts with your life’s purpose is bound to cause discontent. Staying in a bad relationship, doing a job that goes against your values, or maintaining the status quo just because it’s comfortable are not options for you.

      Thinking about your goals in this way can help you eliminate things in your life that don’t serve you. This frees up mental space that you can use to do the things you care about the most.

      Many of us struggle to find the time to work on our goals, but this strategy enables you to make more time.

      4. Create goals that ignite your spirit and inspire you to take action

      If you can’t be fired up about your goals from the start, they might not be good goals for you.

      The road to success is often tough. You’re going to have times when you might feel tired or discouraged.

      Advertising

      You need to feel inspired enough that you’ll be able to overcome obstacles as you encounter them.

      If what you’re doing motivates you to be the greatest version of yourself, you’ll be much more resilient.

      5. Write down all your goals in specific, measurable detail

      This is your road map for what success will look like. The more you define what you want the finished product to be, the greater the chance that you’ll reach that vision.

      When you write down your goals, you’re creating a document that you can revisit to make sure you’re on track.

      When you’re in the middle of trying to achieve a big goal, it can be hard to see what’s working for you. The things you write in this step will help you stay on-message as you take your goals out of your mind and into the real world.

      Don’t just write down your goals and stash them away in a folder somewhere. Take the extra step to put them somewhere where you’ll see them.[1]

      If you have too many goals to post on your desk, write a summary or choose one or two steps to work on for the day. Just seeing them will keep them in the front of your mind.

      6. Commit to hitting each of your targets without exception

      You wouldn’t have created the target if you didn’t think it was necessary. Hold yourself accountable for taking the steps to succeed.

      You can always adapt your strategy or break your targets into smaller steps if you find that they aren’t attainable as you originally wrote them.

      Hitting even the smallest target is cause for a celebration. It’s a step in the positive direction. Your success will make you crave more success.

      Advertising

      We often make excuses when we get tired or overwhelmed. Take away the option to make excuses. You will only be satisfied with the best effort from yourself.

      7. Share your goals with others to motivate each other

      There’s something so powerful about people sharing their goals and dreams with one another. Doing so gives voice to some part of us that could remain hidden (and therefore never be accomplished).

      When other people know about your goals, they can cheer you on and hold you accountable. When people share their vision with you, you can do the same for them.

      This strategy is particularly beneficial when you’re trying to develop healthy habits. Post about your workout on social media, or do a healthy eating challenge with your best friend. You’ll be less likely to slack when temptation arises, and you’ll probably encourage someone else to reach for their goals too.

      8. Set a series of daily, weekly and long-term goals, complete with starting times and deadlines

      Many goals never reach realization simply because the goal-setter doesn’t check their progress. People tend to forget what they set out to do, or their goal gets crowded out by other obligations.

      Forcing yourself to revisit your goals at regular intervals breaks them into smaller steps and it reminds you to think about them.

      Giving yourself regular deadlines for smaller tasks related to your goals also helps you reflect on your strategy. You’ll figure out what works for you, whether your timeline is realistic, and whether or not you need additional help to stay on track.

      In addition, celebrating small wins helps you stay motivated. Here’s how:

      How To Celebrate Small Wins To Achieve Big Goals

      9. Take 10 minutes every day to imagine how great it will feel to achieve your goals

      Visualization is such a powerful tool. Some of the most successful athletes, celebrities and business people take time each day to think about how success looks and feels for them.[2] Imagining that feeling of satisfaction can be a great motivator.

      Advertising

      When you do meet your goals, take some time to be grateful. Thank yourself for showing up and doing the work. Be grateful when the stars align properly to help you advance to the next step.

      It’s not just getting to the destination of your goals that matters. How you take the journey is important too.

      10. Take an action step toward reaching your goals every day

      Your goals can easily get buried in the hustle and the bustle. Even the smallest step in the right direction is still moving you forward.

      Keep chipping away at the work every day and before long, you’ll start to see those dreams come to life.

      Maybe you didn’t start your business today but you designed the logo that’s going to go on your website and business cards. Doing that task well is going to help you so much in the long run.

      Concrete actions day by day draw your dreams out of obscurity and into the realm of possibility.

      The Bottom Line

      Dreams can inspire and overwhelm us. By turning our dreams into goals that we can work toward, we increase our chances of success. Things that once seemed impossible are suddenly within reach.

      It’s time to start turning your dreams into goals and your goals into realities. Change begins today.

      More Resources About Setting & Achieving Goals

      Featured photo credit: Andrew Neel via unsplash.com

      Reference

      Read Next