My first encounter with online business was about one and half decades ago. I earned about 50 cents and it was a huge achievement. But it was not enough. I did a great deal of work, clicking all those links, and at last when I got to the 50 cent mark, I was exhausted. I quit.
A few years later, I set a website. This was my first business online to give me money. Since then, websites have been my source of online business. That’s the reason I believe in websites. I believe that websites will still be future tools for making money online. They will just evolve but still drive online business to greater heights.
When I started, I had a simple static website. Today, there are dynamic and responsive. We do not know what they will be tomorrow or a decade from now. But the most interesting thing is that they were called websites then and I think they will still be referred as websites in future.
There are several ways that you can make money online. Some do blogging while others use products and services. They are those that do training and coaching and others market affiliate products and services. Regardless of the way you make money, online business is the best business for an ordinary person.
Why is this business for me?
The reason I call online business a business for the masses is because it has low capital intake, less time resource and low overheads. This means that you can run it as a fulltime career or a part timer. For a professional on a day job, you can run this as part-time, and make money. It just require about 5-10 hours a week to achieve very good results.
For the Full timer, you can spend more time, and get more. You can drive the business to create the enormous difference that is required in the world. You can become the leader. The change maker.
It’s easy to make a buck. It’s a lot tougher to make a difference ~ Tom Brokaw
How do I know what business to do?
There are a million business ideas and models online. Everyone is claiming to be making money online. Whether you make a dollar or millions of dollars online, it all depend on how you are doing it. What matters most are the product and the market. If you have a product that is solving a pressing need in the market, then you are in business. There is no other way to make money online, you have to solve a problem.
Those who make it online, do so by establishing businesses that revolve around solving a very specific need within the online community. Jay Abraham said; You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don’t see them.
To know what business to do online, just follow your heart.
Do what you believe in and you are passionate about. Learn more and you will definitely succeed. Passion fuels you into doing the business again and again, throughout the years. When you do it consistently, you learn and experience it. It becomes part of you, your livelihood, your way of life. Focus more on the learning and solving problems. As Harold Geneen said; in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later.
Where do I start?
As a good start, I usually recommend you to identify an area that you are passionate about. It could be health, education, technology, entrepreneurship, just name it. Then, start a blog or website related to it. On the blog, start writing articles that educate people about your area of expertise. After you do several articles and realize that people are gaining interest over your information, it’s time to start earning. Monetize your business.
Monetizing your website or blog is not hard. You can use ad networks like google adsense or infolinks or chitika. Or you can put affiliate banners and links highlighting on products that can interest your audience or can provide more information that they need. The more relevant your adverts will be, the more chances of making money online. If you are good at your area of choice, then you will definitely get a following.
As part of monetization, building a following is necessary. You can easily accumulate an inventory of all those people interested in your products or services through email list and social media. This is important since these people will serve as your prospect list when you need to deliver your products.
Elon Musk said “Great companies are built on great products.” So I urge you to work on your product or business. Make it great. Let it solve the problems.
Is online business the future?
That will depend on us. Internet is not going to die, It will just get better. There are millions of online businesses on the internet. The difference that you will make in ensuring that your business thrives will be basically based on how hard and smart you will work on your online business.
Remember, there are no secrets to success. It is the result of preparation, hard work, and learning from failure (Colin Powell)