In the information age which we are now in you may be wondering how to setup your own business and in particular how to setup your own business online. Most businesses now have a online shop or ‘storefront’ in order to bring in business – even if they have a traditional ‘bricks and mortar’ company.
Why a online business?
The digital economy is thriving and there are more successful companies online than ever before. Traditional businesses such as Blockbuster have now closed down because of competition from online companies such as Amazon who now offer an automated service where you can instantly download films and TV shows of your choice.
The traditional DVD store is becoming a thing of the past and Amazon was the leading U.S e-retailer in 2013 making 67.86 billion dollars in revenue with 91.1% of this accounted for from website revenue. This is just one example of the huge drive to online shopping as a whole. The internet provides a means to purchase almost everything the average shopper could want and have it delivered to their home. It has changed the way people live and will continue to do so.
Starting a business online is much easier than building a regular ‘physical’ business. For a start the costs are much less. There is no rent to pay and you don’t need any employees. You don’t have any equipment to buy since all you need is an internet connection and a laptop which most people reading this will already have.
Where do I start?
To begin with you will need to learn a few skills in order to jump start your online business. You need a mentor. I started out online jumping from one fad to another and really didn’t make any progress for a long time. Don’t make that same mistake. Make sure you get the very best training available. Join a community of like minded people who are helping each other to succeed.
I don’t have anything to sell
With an online business you don’t need anything to sell because you can use affiliate marketing. What is affiliate marketing? Affiliate marketing is selling other people’s products for a commission. You can build an online presence, send visitors to another website and you will never need to sell to anyone directly or deal with anyone. Your job as an affiliate is to find customers for the vendor who is selling a product.
What you will learn
As an affiliate marketer you will learn how to create content and build links through your own website. If you already have a business model and a product you will also learn new key skills to find more customers online through advertising, content creation, link building and list building. One of the most important skills is mindset. Your mindset is your most valuable asset in any business and can help you make a success or a failure. As Henry Ford said “Whether a man believes he can or he can’t, he is right”.
What are the benefits of building an online business?
The benefits of an online business are huge. You can work anywhere in the world with an internet connection, make an unlimited number of income streams, choose your lifestyle around your online business and choose your own working hours. You will never need to have a ‘job’ again and are your own boss. You will never need to sit in the traffic queue getting to work. You can become financially free and your earnings are not ‘time relative’ meaning you are not trading your time for money as in a traditional job. You will be using the power of the internet to ‘leverage’ your time. Your business will be running 24/7 even when you are asleep.
What are the drawbacks of an internet business?
It takes time to learn the skills to build a successful internet business and then time to implement those skills. Successful internet entrepreneurs are not made overnight and put in a lot of hours in the early years of their business. Expect to work hard for some time before you see any results. Like any business success doesn’t happen overnight and there is no ‘plug and play’ magic bullet to long term success. There are many distractions on the internet and many sales people selling the ‘next best thing’. They will distract you forever if you buy into them. Stick to what you know, work hard and never give up.