How To Start Online Business For Dummies – Are you looking for an easy guide to starting an online business? You’ve come to the right place, as this easy-to-follow guide for dummies will explain everything.
It’s no secret that people today spend a lot of time on their smartphones and computers. In the past few decades, the Internet has become the main virtual communication tool with many opportunities to spread messages around the world.
- 1. How To Start Online Business For Dummies
- 1.1 Online Business Ideas To Start In 2022
- 1.2 How To Set Up A Successful Online Business
- 1.3 Infographic: 5 Ideas For Starting A New Online Business In 2017
- 1.4 Popular Types Of Online Businesses You Can Start Today
- 1.5 How To Start A Successful Online Business
- 1.6 How To Start An Online Business When You’re Not Ready To Start
- 2. Start An Online Business While Working Full Time — The Pink Ink
How To Start Online Business For Dummies
The sad thing about the Internet is that too many people don’t realize how powerful it is when trying to start and grow a business.
Online Business Ideas To Start In 2022
With today’s technology, starting an online business can be easier than you think, and believe me – it’s always worth the effort.
Here we will answer why you should start an online business, what is the best online business to start, and how you should do it right.
No matter how profitable an online business is, there are still many people who do not understand its power and choose to invest in traditional business models.
Traditional (physical) businesses can generally be difficult to set up and maintain compared to digital businesses, and it definitely limits your freedom in one way or another.
How To Set Up A Successful Online Business
Traditional businesses usually require separate workplaces, and you may need to keep them, especially if you’re just starting out. Although an online business only requires an online presence, you can work from anywhere you want as long as you have access to an Internet connection.
Many successful online business owners maintain their businesses while traveling the world, or staying in their favorite places around the world. This type of work and lifestyle can give you a wonderful and interesting life experience that you are less likely to achieve in a 9-5 job.
As an online business owner, you can create your own work schedule as well as dress code. If you’ve ever dreamed about waking up whenever you want and working from your bed in your pajamas, then an online business could be your solution.
Also, if you don’t have a physical business, that doesn’t mean you can’t have physical staff working for you. You can’t make all the money in the world by yourself and as your business grows, you need extra hands to help you.
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Thanks to the free service market for providing the opportunity to hire remote employees. Platforms like Fiverr, Freelancer, Upwork are places where thousands of talented freelancers are waiting to be hired and work for your online business.
With today’s technology, your online business can handle daily financial transactions meaning you can sell your products or services beyond traditional business hours.
This online business advantage is very useful for those who sell digital products or services. A 24/7 online presence makes it possible not only to collect payments but also to deliver products whenever someone places an order.
Unlike traditional businesses, digital businesses only need a computer and an Internet connection to run. All necessary tools and inventory are digital and can be managed with the click of a computer mouse.
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In addition, inventory and tools accessible online make this type of business environmentally friendly and cheaper.
For every successful online business, you need a website, which is relatively cheap to set up and maintain compared to the financial potential.
Today, a quality website that consistently gets visitors can be as profitable and valuable as real estate. The main difference is that it is easier and cheaper to build a website than a home.
To set up and run a website, you need to buy a domain and website hosting – and it doesn’t have to be very expensive. People are making millions from websites that you can start and maintain for as little as 40$-60$/year.
How To Start An Online Business
For example, Bluehost offers high-quality website hosting packages starting as low as $3.95/month. It also includes a FREE domain for your first year.
There are many business opportunities and ways to make money online. It is always a good idea to choose an online business idea and stick with it until you master it.
Before you get into the best online business you can start, let’s take a look at a powerful online money making opportunity.
If you have special skills that can serve other businesses, you can work on freelance platforms like Fiverr, Upwork, or Freelancer. Get hired by business owners and exchange your skills and services for money.
Internet Business Ideas That You Can Start Today
Since you’re sending commissioned work to people, it defines your job as providing a service rather than running a business.
This digital agency should have multiple collaborators, who can help you scale and deliver services in a more efficient way than you are trying to provide.
Since you need to pay for people working in your agency, setting up and running a digital agency may require a good investment.
Additionally, starting a digital agency can be quite competitive these days and you need to have a good brand reputation to beat competitors and attract new customers.
Infographic: 5 Ideas For Starting A New Online Business In 2017
In general, starting and running a successful digital marketing agency requires a lot of work and experience because it also changes the amount of risk.
If you want to start a profitable online business that is less risky and less confusing, there are other options for you, which we will discuss at the beginning of this article.
Today, you can sell products online without owning them. Dropshipping is a very popular and effective product sales business model that can be maintained without maintaining physical inventory, owning a warehouse or being responsible for product shipping.
In 2017 around 23% of online stores worldwide were based on dropshipping, and this number is growing.
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It starts with a partnership between retailers and product suppliers/manufacturers. In a drop shipping business, similar to Affiliate Marketing (which we will discuss later) you act as a middle man who connects buyers and sellers (manufacturers).
To connect buyers and suppliers of the main products you need a bridge – an e-commerce store and a WordPress website building platform installed.
There are hundreds of shipping providers that you can choose from. The most popular ones are: Aliexpress, Salehoo, Doba, Wholesale2B, DropShip Direct, and many more.
Although physical stores are gradually declining, online stores are growing significantly at around 17% every year.
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It doesn’t show anything, but the fact that shipping is a strong and growing industry that you can invest in.
However, there are some disadvantages and reasons why, for example, Affiliate Marketing, can be considered a better option to start with.
Although both can be very profitable, in general, dropshipping involves more work and more responsibility than affiliate marketing.
To run a successful dropshipping business, you may need to pay attention and time to more factors than affiliate marketing requires.
Popular Types Of Online Businesses You Can Start Today
For example, dropshipping requires customer support, inventory management, transaction responsibilities, and more. So handling everything alone can be a challenge.
Affiliate marketing is probably the best online business to start in 2019. Simplicity and efficiency make this business model great.
In 2018, Dropshipping and Affiliate marketing are the most profitable businesses to make money online. However, affiliate marketing compared to dropshipping is considered to have lower exposure risk, less financial investment, and generally less work.
In short, affiliate marketing is a business where you recommend other people’s products to people and get a commission (% of the sale) when someone makes a purchase through your affiliate link.
How To Start A Successful Online Business
It’s a win-win business model because you help the brand sell their product and they can get a nice piece of the pie for it.
In fact, 81% of online based brands in the world rely on affiliate marketing. That means there is a huge market with millions of products for you to promote and profit from.
For example, Amazon has its affiliate network (Amazon Associates), which allows you to choose any product from its website, promote it and earn a commission.
In one of the reports he is claimed to have made $180,285 in one month in January 2019.
Starting An Online Business For Dummies Book
Even multi-millionaire online business owner, Franklin Hatchett, claims that he can make $35,000 in profit from affiliate marketing alone in 60 days.
Once you have everything set up and configured, you will automatically receive targeted visitors to your site, and this is the beauty of this business model – it’s a passive income stream.
When you automatically generate traffic (visitors) to your site, you can generate sales on autopilot meaning you can sit back and watch your website make money on its own.
No matter how basic this business model is, it takes effort and time to get started – just like any other type of business.
How To Start An Online Business When You’re Not Ready To Start
The great part is that anyone can start because it requires a minimum investment – a domain and website hosting.
The main thing you need to invest in this business is your focus and time, and that is where most people fail.
The easiest, but most effective way to start affiliate marketing is to build your blog online, where you recommend other people’s products and leave your affiliate link inside.
Promote the right product selection
Start An Online Business While Working Full Time — The Pink Ink
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