Nearly every business Industry is moving online, so if you are ready to JUMP in the Entrepreneur Lane, there is no better time to start a business then it is now.
Not sure what type of online business you should start?
Easy. Sell what you already have: your knowledge. Offer your knowledge or expertise in a package. For example, in the form of an ebook or a webinar.
Advantages: Start Small
Minimal Investment is Needed
Minimal Overhead
Produce One Time and continue to get paid over & over again.
Build Your Brand and Grow Your Community.
Once you have created your product - your work is not done.
You have to Market and Promote your product.
Focus on Growing your Leads~ Email Campaigns, Connecting with Social Influencers, Facebook Ads, Social Media & SEO.
Use the Stair-Step Approach ~ Small Investment in the Beginning.
Use the proceeds from the first campaign towards marketing the next one.
Continue this Cycle.
Drop Shipping:
You only handle the up-front aspects of marketing and sales.
Partner with a Distributor
Set up your Online Store
Market & Sell Your Products
Advantages:
No Storing Inventory
No Shipping
Very little Start-Up Capital
Revenue Model~ Your Selling Price - The Wholesale Price = Your Profit
Selling on Etsy:
Sell your Crafts.
Etsy total Sales in 2016 Quarter 2 ~ $669.7 Million Dollars
97% of Etsy Shop Owners run their business from Home.
18% say that it is their FULL TIME JOB.
88% of U.S. Etsy Sellers are Women
An Example Success Story:
Alicia Shaffer sells Socks, Scarves & Headbands
Earns $80,000 a Month
Receives 150 Orders a Day ~ $2,667 per day ~ Each order averages $17.78 at 150 Orders a Day.
Affiliate Marketing
Promote a Company's Product and get a commission from the links you have on your site, blog, social media etc.
Grow your following & readership.
Advantages ~ No Inventory
No Shipping
This Industry is Projected to Grow to $6.5 Billion Dollars by 2021
You can choose to do one of these Models or all four of them.
Business Tip: Choose ONE, focus on building that one into a successful business producing profits.
Once successful, then add more.
