01/04/2019
Flourishing in the Online business world.
(Digital Marketing)
Patiently read and add value to yourself this year.
Gone are the days when the idea of ‘Working for life’ is been celebrated. The more reason a lot of people operate a home -based business of which many are online.
One of the smartest decision anyone can take this 2019 is starting up an internet based business, it is an unbeatable decision so for many reasons you can't beat.
Pretending not, we all know one of the biggest problem right now is figuring out the best business to go into.
Maybe you are thinking of becoming an entrepreneur, creating or promoting your brand online which a lot of people, create contents and we even read stories of how people made millions from social media regularly.
Since they can do it, then it’s a good news to you also if you have the opportunity of starting your own business.
The challenges has so much been reduced by those who started it before us plus you can start up with little or no cash with a vast income from it at the end of the day.
You have great access to resources and tools that weren't in existence like a decade ago, social media being just one vital example, thanks to Google!.
I might not be able to give you the A-Z clues on succeeding totally in this field but am going to take you on practical steps to starting an online business from the little experience I have gathered in my short time in the field and I also hope to provide you some good advice to get you started with your next venture.
Starting an online business shouldn’t be a decision to just wake up to, we believe it came from a mind that has decided not to work for someone forever and I must say it is one oof the best decision you have taken.
If you agree with me, you will realize that the under listed factors are some of the reasons why you will want to have an online business
• Money
• Predictability
• Autonomy
There is no greater joy than leaving an ungrateful employer and setting sail for your personal entrepreneurial success. Yes, I know that feeling.
But an even more pressing need is earning enough money to replace your 9-5 job( oh it is now 8-10 even), or just to pay those extra bills. To be truthful, it is not going to be as easy as just waking up in the morning to set out for work ans return in the evening...
this is the point where you need to stop and ask yourself how quickly you want to replace your salary with an income.
Types of Flourishing Online Businesses include:
(2) two types
1. Product based
2. Service based
• A product-based online business is one where you sell products directly to consumers and this can be sold through E- commerce stores like Jumia, Konga. and these are perfect examples of a product-based internet business. We can as well use Facebook, Instagram etc as an avenue to sell(This is called social media marketing).
Note that it can take several weeks or months for this type of business to earn money.
It is important however, when starting this to look at your environment and know the basic needs of the people.
• A Service-based businesses are where you exchange your time for money, but at a higher rate than a daytime job. The real beauty of this type of business is that you can start earning money almost immediately. Example includes bwing a Business/Brand consultants, Content writers, freelance writers, virtual assistants,web developers, Personal Social Media Mangers etc.
Never leave a full-time job in the hope of getting rich overnight from an online business- that might happen, but the you might not be totally guaranteed. So do it on part time basis, the outcome will give you a clue on the next step to take.
THE BENEFITS OF AN ONLINE INTERNET BUSINESS
When you do a comparison between any online (digital) business to its retail equivalent, you will see reasons there is a great in-flock of people all over the world has taken the online route instead.
You and I know in doing an offline sale one needs to think about financing, maintaining inventory, business insurance, getting staff as well as training and then location is also paramount. Expect to close up your shop in a couple of months if you can’t find balance
ADVANTAGES OF HAVING AN ONLINE(DIGITAL) BUSINESS
1. No staff required, unless you choose to
2. Low startup costs
3. Almost non-existent overheads
4. Can be run part-time
5. Can be run from anywhere in the world
You can start an online business with a very little amount or even nothing through what we call DROPSHING till you can afford buying the quantity of goods or products you need.
That's not a typo.
YOU can do this, give it a trial and be financially free.
Maybe we can discuss some other time on how to source for goods, tyes of goods t0 sell digitally, and where to sell to make profit.
Gracias !
Have a fulfilling April...
