{"id":16746,"date":"2020-01-23T09:00:52","date_gmt":"2020-01-23T07:00:52","guid":{"rendered":"https:\/\/www.reliablesoft.net\/?p=16746"},"modified":"2022-01-20T14:23:44","modified_gmt":"2022-01-20T12:23:44","slug":"how-to-start-an-online-business","status":"publish","type":"post","link":"https:\/\/www.reliablesoft.net\/how-to-start-an-online-business\/","title":{"rendered":"How to Start an Online Business (Easy Guide For Beginners)"},"content":{"rendered":"
How do you start an online business from home and with no money? Is this even possible?<\/p>\n
The short answer is yes. There are thousands of successful online businesses that started with no money and today they are making thousands of dollars in revenue.<\/p>\n
In fact, many of them have no physical presence but are operated from home with remote teams.<\/p>\n
To start an online business you don\u2019t need to have prior knowledge on how to run a business. Running an online business is different than managing a brick-and-mortar store.<\/p>\n
I\u2019ve started my first online business 18 years ago without knowing anything about entrepreneurship or how to operate an Internet business.<\/p><\/blockquote>\n
Over the years I\u2019ve had successes and failures but most importantly I created a framework that beginners can follow and increase their chances of establishing a successful online business on the first go.<\/p>\n
In this complete guide, I\u2019m going to give you the steps to follow to start a business online from scratch and from the comfort of your own home.<\/p>\n
While it\u2019s impossible to start a business for free, you don\u2019t have to pay a fortune to get a business off the ground, and I\u2019ll give you all the details.<\/p>\n
Since you\u2019re convinced that you want to become an online entrepreneur and start making money online (hence why you are reading this article now), I\u2019ve added the actionable steps first but towards the end of this guide, you can learn more about how online businesses work and other useful information.<\/p>\n
\n
- How to start an online business (15 Steps)<\/a><\/li>\n
- Is an online business for you?<\/a><\/li>\n
- How much does it cost to start an online business?<\/a><\/li>\n
- How much money can you make online?<\/a><\/li>\n<\/ul>\n
How to Start an Online Business Step By Step<\/h2>\n
These are the 15 steps to follow to start an online business from scratch.<\/p>\n
\n
- Decide what type of online business to start<\/a><\/li>\n
- Find your niche<\/a><\/li>\n
- Evaluate your idea<\/a><\/li>\n
- Analyze your potential competitors<\/a><\/li>\n
- Identify your target audience<\/a><\/li>\n
- Decide on your brand name and register a domain<\/a><\/li>\n
- Setup a website for your business<\/a><\/li>\n
- Learn what digital marketing is all about<\/a><\/li>\n
- Create a digital marketing plan<\/a><\/li>\n
- Optimize your website for Search Engines<\/a><\/li>\n
- Create a content marketing plan and start publishing content<\/a><\/li>\n
- Establish your social media presence<\/a><\/li>\n
- Grow your email list<\/a><\/li>\n
- Optimize your website for conversions<\/a><\/li>\n
- Get professional help<\/a><\/li>\n<\/ol>\n
1. Decide what type of online business to start<\/h2>\n
The first thing to decide is what kind of online business to start. As you\u2019ll see below there are many options and depending on the type you choose, you\u2019ll have different ways to monetize your business and make money.<\/p>\n
The most popular types of online businesses are:<\/p>\n
\n
- eCommerce stores selling physical products (Amazon, Etsy, etc)<\/li>\n
- Websites selling digital products (ebooks, online courses, etc)<\/li>\n
- Consulting \/ Coaching (Personal development coach, fitness coach, etc)<\/li>\n
- Selling Services (digital marketing agencies, software development, web design, etc)<\/li>\n
- (Saas) Software as a Service (online tools, subscription-based model)<\/li>\n
- Online News Publications (HuffPost, etc)<\/li>\n
- Niche Blogs (travel blogs, clothing and fashion blogs, etc)<\/li>\n<\/ul>\n
The most popular methods of making money from your online business are:<\/p>\n
Selling your own products (physical or digital) <\/strong>– Selling products directly to consumers on your own hosted website or through an online store on a third-party marketplace like eBay, Amazon, Etsy, Udemy, Flippa, etc.<\/p>\n
Advertising Revenue <\/strong>– Making money by selling ad space on your website either directly to advertisers or through an online platform like Google AdSense.<\/p>\n
Drop-Shipping <\/strong>– Selling physical products on your own store but shipping and handling is done by the product manufacturer or B2B provider. You get a commission every time a product is sold.<\/p>\n
Affiliate marketing<\/strong> – You refer clients to the seller\u2019s website (for either physical or digital products) and when a product is sold, you get a commission.<\/p>\n
Revenue from consulting services<\/strong> – You get paid for providing consulting services online (by email, skype or other means).<\/p>\n
Subscription-based model<\/strong>\u00a0– You make money from people subscribing to your monthly services (for example hosting, online tools, etc)<\/p>\n
\nResources to Learn More <\/span><\/p>\n
\n
- How to make money with a blog<\/strong> <\/a>– How to start a blog business and make money from it.<\/li>\n
- How to start a profitable website<\/strong><\/a> – How to make a profitable website without selling anything.<\/li>\n
- Best business courses<\/a> – <\/b>a list of online courses to build your business skills.<\/li>\n
- The B2B SaaS Pricing Masterclass<\/strong><\/a> – if you’re planning on starting a SaaS business based on the subscription-based model, read this report to understand how SaaS pricing works.<\/li>\n<\/ul>\n<\/div>\n
2. Find your niche<\/h2>\n
Now that you have an idea of the different types of online businesses, the next step is to find your niche. In other words, to come up with an idea that can be transformed into an online business.<\/p>\n
From experience, this is the most difficult step because it has a lot of uncertainty. Nobody can tell you in advance if your idea is good or not and no one can guarantee that your business will succeed or fail.<\/p>\n
It\u2019s a risk that all business owners have to take but this should not hold you back. The only way to find out if your idea is good is to try it and even if you fail, there are so many things to learn from failures that bring you closer to success.<\/p>\n
How to find your niche?<\/h3>\n