You must have at one point thought about starting your own business and thus quitting your day job. Normally this would be a great thing but hey do you know what you’re doing?
I mean its not possible for everyone to be the boss no one will work for you….duh! On the serious aspect of it, its usually great to think about how and where to start.
Usually everyone from around the world have taken to the internet as this virtual world is becoming a real deal for businesses and other valuables.
But normally, for how long can you survive such a great competition? Let’s take to the account that since the boom of the mobile devices, even a little kid now have a 13/7 access to the internet. This way, creating a relevance is a necessity.
But in anyway you wonder how you can make things work out for yourself, its usually great to consider and create the greatest blueprint ever made to mankind.
Starting your online business shouldn’t be a do or die game whereby you feel frustrated as soon as your thoughts aren’t coming through as soon as you’ve planned them.
Yeah you’ve red about billionaires who started from the bottom and now they’re arrived. You’ve heard about this and that guy but do you ever asked yourself what back ups they had?
The type of innovation they possess and to what extent they were being financed? Yeah its a very hard decision and its in fact harder to think in a world whereby all innovation seems stolen or taken but are thy really? We tend to ask ourselves.
There is this popular question on Quora about if there is still another space for another Instant Messaging application like Whatsapp.
Its a sort of ridiculous question but I wouldn’t blame the questionnaire because he or she is confused and wouldn’t know if his own innovation which is a sort replica of Whatsapp survive.
As the race goes on, we are forced to ask ourselves if we are really going to make something big out of our dreams.
Without doubt, starting a business online can survive and in fact expand but it’s usually great to follow the right oath from the on set.
The right path usually lead to sales and it attracts capitalist and investors which in turn boost business growth to becoming a real grand master in its own niche.
But while you brainstorm about what innovation you think is new and unique which you hope to take on so that nothing happens to your plans on the long run well, it might be better to consider some facts.
#1. You’re not alone: This isn’t a song from MJ. This means that you’re not the only one thinking about that start up right now.
Many times, you might’ve wondered if you’re the only one thinking but really there are more than 6 billion people on earth and each have their own thinking faculties.
Now as a matter of fact, you might want to take it to the head by thinking harder or trying to out think others in your field in the hope of landing your dreams first but there isn’t a thing called impossibility in this world of advanced technology.
#2. There is nothing New: Yeah. Even before Mark Zuckerberg would start Facebook, there exists MySpace, Friendster etc.
Despite the trends and phases that YouTube covers, Musical.ly still come out of nowhere and now the fast growing video sharing website is making wave in the Unites States.
This means that there isn’t a new innovation but a refined innovation. So as we might think about it, its usually great to think about making things out in a more refined version straight out of the old.
#3. An extremely competitive world. Ever since the creation or probably the existence of man, we’ve all being faced with competitions.
This way, standing and beating others hands down is very essential to any business success. As a matter of fact, the 21st century harbours lots of that.
With hundreds if thousands of businesses online, knowing your worth and how to pursue it is very important to making it big in the financial industry and thus ranking it up high while you smile to the bank each month.
#4. There are no Rules: Understanding that there are no rules in the game of running a successful online business is very essential.
What this meant is that knowing how to play the game safe to your side is very important. Whenever there aren’t rules, then there aren’t crimes.
Speed, accuracy, target and marketing are all essential keys to running a successful online businesses and taking examples from successful figure heads, the number one rule is “There are no rules”
#5. Time is needed When you know that Microsoft didn’t become a giant overnight, then this might be a very good way of investing time into whatever business you’ve decided to venture into.
As a matter of fact, businesses which are usually successful do have a spectacular characteristics which differentiates them from others and this differentiation makes them stands out.
As time is a very important tool to consider, managing it with opportunities is another vital key to running a successful business online or offline.
#6.You also need networking Yeah you might want to be the sole owner of your business and assume the CEO role but hey, you need to create a powerful network first in order to make it a successful thing to run unless you want to be controlling yourself thereby selling and buying all by yourself alone.
Creating a good network within your business and outside of it is a very vital key factor to consider before diving head on into the ocean of business.
#7. Knowing your target: Your target audience matters a lot. Knowing them, where they live, come from, preferences, history with similar goods and services is very important.
Considering all these factors, you need to put down to paper things which you feel your target audiences would expect in order to see you as a better option rather than the old one they had history with.
And the fact your target audience will make better purchases is a certainty rather than chasing after the ghostly multitude.
#8. Knowing which Niche you’d prefer Its no more news that trying to start an all round business might hit a big stone anyway.
Facing a target audience with a target goods and service is a key to making it far big in the business market. Niche businesses usually survive droughts unlike the general one because niche businesses are known for what service they render and this is a good point in targeting audiences.
#9. Deciding whether to create or affiliate: This is another choice which has to be taken into consideration. You need to know your power financially and know from which angle you want to grab things and make it work out for you.
Being a creator yourself will attract more from your pocket than being an affiliate and thus you need to know where you stand and how to get things done. Its that simple.
#10. Create and start With the popular parable which says that “When you don’t start, you’ll never start.” This means you start from where you need to start and get everything set up online without thinking of getting short circuited in your business.
The truth is that starting a successful business demands lots of works and thoughts from your side as you need to set up how to manipulate the cash flow to your own advantage.
So, knowing which way that suits you best is what is the essential of a successful business online.
While there are lots of competition in the internet world, successful businesses were able to create a sort of pace which no other can create and thus takes them right above all others in their niche.
Really, niche business are now what roams about the internet which has the highest proportion of sales better than the general business.
One can never know which business makes the best sense but understanding the fundamentals of what people want and offering it in the beat and the most tangible way possible is usually the key to the internet business so far.
Let’s take Amazon for example. The company which started as a book publisher. Here, its easier for vendors and other self publishers to publish their books utilising the Amazon platforms and this way, you no longer need a publishing deal from a Pub house.
Amazon made life of publishers easier. The same way goes with any business. A business that simplifies things rakes the highest sales.
And well, since the internet is a place where people visit virtually, then your business apartment on this sphere needs people that visits. TRAFFIC is thus important.
Traffic as it may sound is very vital to run any successful internet service or product. Making sales is as the importance and responsiveness of potential customers who are seeking similar goods and products that you offer but seeings hours as being better.
This is where determination comes in. Where as determination cannot alone do the most heavy lifting, taking things one after the other is a very powerful tool to any successful business online.
Taking things one after the other, we can actually see that to run a successful business isn’t going to be about creating a shirt that can transform to a shoe or a car that can transform to an aeroplane.
Instead, creating a better car that is better than the existing cars. In case you’re still confused about what sort of business you would chose to run successfully, I will highlight some successful online businesses below.
#1. Service Provider
Earlier this year, Amazon launched its own game engine called Lumberyard When the company’s boss was asked how they intend to make the money off the engine, they said it will be off Service provision.
That is Game developers who needs their help will utilise a premium set up whereby they pay Amazon some money before those services are rendered. Service provision is one of the most benefiting internet business which is a multi million dollar industry.
As a matter of fact, creating a tangible service where people can believe in to get help whenever they need one is a fantastic way of making it in the big internet world.
#2. Affiliate Marketing
Depending on how powerful and authoritative you are, you can create a powerful system whereby you attract many bigger firms that utilises your platform as a means of generating sales on the internet.
While affiliate marketing is very to start and set up, it’s usually far better to understand the fundamentals which are accustomed to it in order to make a successful business off of the affiliate marketing industry.
This is another powerful internet business which is a great place to venture into. The ecommerce industry attracts billions of dollars each year and believe me, the need gets higher everyday.
There is never an excess market. Creating a profitable business online just needs to follow the guidelines of a successful pattern which should govern your ecommerce platform to lead it on to its success.
Selling goods and services IS a very useful thing and you just need to figure out which good is better for you to sell.
#4. E-vendor marketplace
This platform is where thousands others visits to sell and buy goods and services. This type of service is a very powerful one especially with the speed of the internet so far. People needs a place where they can make purchases and sell at the same time.
While this type of business doesn’t concern you as the owner, you do not need to have anything to sell or buy but the audience do.
As mentioned above, creating things in such a way that people can visit and making purchasing easier, convenient and faster than never before is a key to the success of online marketplaces.
So be smart to know what type of niche marketplace you’d prefer and know how to make yours better.
You can become a teacher like it is on places like Udemy. As the internet becomes more real, its more or less a virtual world where people buy, sell, consult, read and learn.
You creating a sort of e-school whereby people can visit to learn and depending to what extent you want to take it to, you can make things get as high as making people acquire certificates of actually going to a real school.
It only take couple if paperwork and government approval. On the other hand, you can create a tutorial platform where you teach people how to do things which you feel you’re expert in.
Well in case you’ve got the skills and the gut you can start your own development company where you render sell and build or repair software.
Depending on your bank account, you can recruit software engineers and set things up within few moment after getting your company legalised.
#7. Healthcare provider
Depending on your very own fields, You can actually set up your own healthcare institute online. A good example will be the likes of WebMD and others.
Here, doctors work online and give patients advises concerning their health and how to tackle common health problems. Depending on your budget, you can recruit professional doctors that can be consulted online for this.
#8. Online Gym/Lifestyles
You can start your own either gym class or lifestyle class online whereby you teach people how to overcome some behaviors which might endanger their lives.
On the other hand, you can start teaching people about how to build muscles based on your own success and failure and how you were able to acquire so much pounds or lose it.
This way, people see you as a go to person and your reputation is built solidly.
#9. Blog Writing
Depending on how awesome you are about writing and how great your contents can move people, that is what determines how successful you are going to be in the blog sphere.
Now let’s assume you are a great writer who finds joy in writing g and teaching others via article writing, then you can pull crowds via your blog and utilise whatever crowd you’ve pulled for whatever you want to use that for….sales I guess.
#10. Web Development/Design
This way, you can utilise your skills build websites and sell them. Build for companies and develop frameworks and CMS and become a sole authority in your field. That way, your company becomes authoritative.
This type of business is more or less an affiliate type of job whereby you tell people about something and you tell them where to get that thing.
So creating a referring platform demands your commitment and hard work online lands you the long term success you aiming at.
#12. Survey and Polls
This is where you are given a task about a particular product and your simple job is to write good reviews about it. The difference about this is that you visit those people offering the service and you apply and then you’re awarded your price while you’re through with the survey you’ve completed.
#13. Invent something
Invention would absolutely be something everyone is waiting for. Well you can think about what doesn’t exist now and then bring that to life.
Whatever it is so far it makes life more easy then its an invention that Worth the price. That way, your name is stamped in the book of life.
Also, being a dominos in a world with so much competition could be difficult but effective if tried, determination is needed here for such a business to survive.
When many of us think about how we can get a job while out of college with a mid range grade, then innovation comes out to play. Being a good person in your field is a matter of determination which needs more focus rather than assuming.