The prospect of online business can certainly be a daunting one. Let alone building a successful brand. For someone starting from scratch, the level of overwhelm one can experience is mind-boggling.
In this article, we will explore the best practices and frameworks for finding the online business opportunities that will suit you best.
Here are some of the most common questions asked by people who are looking to get started online:
Do I need a massive budget?
The straight answer is no. You don’t need to invest thousands of dollars to get started in online business. There are stacks of business ideas with low investment requirements that you can start in a very short space of time. Business models such as drop shipping and affiliate marketing enable you to start an online business on a shoestring, without having any of the drawbacks that many traditional businesses do.
What Kind Of Businesses Can I Start Part-Time?
Many of us lead very busy lifestyles and will struggle to find the free time to start an online business. This doesn’t mean that we can’t get started online by putting in a few hours a week. But do note that the more hours you put in the faster the results will come. If you’re only willing to dedicate 2 hours a week to your part-time business then it isn’t something that’s going to produce results for you anytime soon. When it comes to online business, you want to be able to dedicate at least 10 hours a week to it at the minimum if you want to see tangible results after a few months.
Bringing it back to the types of businesses that you can, affiliate marketing and drop-shipping again are the most popular online business models when it comes to having that flexibility to work where you want and when you want.
Useful Articles for part-time online business ideas:
101 Side Business Ideas To Start While Working Full-Time – (ryrob.com)
55 Internet Business Ideas – (selfmadesuccess.com)
Don’t I Need To Be Some Sort of Expert Or Have An Amazing Idea?
Most people that start an online business leverage other people ideas and focus on learning the marketing skill sets and business mindsets they need to succeed. Affiliate marketing gives you the opportunity to promote other companies’ products, so you don’t have to create one yourself. This is something that massively lowers the barrier for people looking to get started online.
You don’t need to be an expert either. There are hundreds of amazing training courses that will take you by the hand and teach you everything you need to know to create a highly profitable business on the internet.
Don’t be discouraged if you’re don’t know a lot about computers. Most of the technical hurdles are now irrelevant because we have tools that make everything so much easier.
Some Common Mistakes To Avoid:
Not Investing In Yourself Through Mentorship
Having a mentor will hands-down be one of the most valuable things you do for your business. Having someone there who has knowledge from experience is super valuable for you, especially when you’re just starting out. When people don’t take the time to find a mentor they stumble and fumble over the most obvious obstacles. It makes the online business journey much harder when you don’t have someone there to take you by the hand.
Getting Stuck In Education Mode
With the sheer volume of information available to us in this day and age. It’s very easy to get stuck in “learning mode”. Many of us get stuck in this state where we just feel like we need to know everything before we can get started and this is completely wrong. The worst thing for you to do is become a learning junkie who never takes any action. What’s the point of learning anything if you aren’t going to implement it?
Ideally you should spend 20% of your time learning and 80% of your time implementing what you’ve learnt. This sounds like drastic numbers but it’s the fastest way to learn things and build a successful business at the same time.
Don’t Sweat The Little Stuff
It’s easy to spend hours tweaking that little logo of yours to get it just right but this isn’t a money-producing activity. This isn’t going to help you grow your business. All those little things can wait until you’re generating a decent income in your business. Your sole focus when you first start out should be to learn the basics of what you need to know and spend most of your time executing on what you’ve learnt. There are plenty of things that you can only learn from experience so don’t be afraid to get stuck in!
Start Your Email List Straight Away
Your email list will be one of the most valuable tools in your marketing arsenal. Many online business owners regret that they didn’t start their email list earlier. This is because an email list of loyal subscribers is a fantastic way to generate an income in your business. This applies to just about any business model out there. There are plenty of email marketing solutions out there that offer a great service for a reasonable price. ActiveCampaign is a great example.
Listen Wisely In Your Spare Time
Plenty of us waste our time listening to meaningless music in our spare time. Why do this when you can tap into endless wisdom in the form of audiobooks, podcasts, interviews. You’ll gain amazing insights from people that have built successful businesses just by taking the time to listen to these people. It also helps keep you sharp and keep your brain active!