How to start an online business to become rich?
Benefits or advantages of starting an online Business –
To start an online business is the best way to set up a highly profitable business with very less or even sometimes with zero investment. Another benefit of online business is that you don’t even need any degree. But the problem is most people don’t know how to do it or how to set up such a business? Most importantly do you know that you can become rich by a digital or online business?
So, let me tell you the simplest process of setting up a profitable online business to become rich. Before starting I have to tell you that don’t expect to become a millionaire by just setting up, you have to put a lot of hard work for earning a lot from online businesses but yes online business can change your life and help you in becoming rich.
There are hundreds of online businesses out there, no one is best and no one is worst. But the best part of online businesses is that there are some things which are almost the same, and every business can turn you rich.
There are tons of ways in which you can earn from internet but let me just explain you one and with giving the reference to one I will explain all other ways.
Concept of Online Business –
So, I will give you first a little blueprint of on what digital business model actually works. In India, the places near to roads are more expensive than places away from roads. The reason for this is that people search for roads for setting up shops or advertisements. Means that area near to road is somewhat awesome for setting up a traditional business or is a great place for advertisements because thousands of vehicles move over those roads containing a lot of people. A highway is a perfect place for advertisements and hence the place is valuable. Same way, if we ourselves can have such a big network that people remain reaching us. Any big company will pay us a lot for advertising their products. Right?
See, you are not a sportsman or actor or singer that people will blindly follow you. Even if you have 10K people whom you know, I bet there would be no more than 2k who will buy anything by just your saying . So, you need a medium on which people trust you. Like the example I had given there the special thing was your road area, not you. Same way if you set up something on which people visit and trust, you can easily start your business. But since digital products are free or cheap and easy to set up, such a business is best.
So, first, you need to understand in my blueprint the first step is building a digital space where people visits with TRUST.
The second step is to set up advertising sources.
So, a digital space can be a blog, youtube channel, ebook, etc. Apart from it, there are also options like lead generation and Door shipping.
Steps to Start Online Business –
But, I am going to explain everything by taking the blog as a reference. So, first of all, see how to set up a blog shortly –
- For setting up a blog, you need a blogging platform I suggest you WordPress. But if you want free hosting and just want to learn to blog you can use bloggers.
- After setting up a blog, set up domain and hosting.
- After setting up, write quality content about any topic. If you want people to visit your blog, your content should provide quality to readers. Write about a particular topic in all blogs. As, if you know about cooking write only about cooking in every blog. Like in one blog egg curry, another chicken curry.
After setting up a blog, choose an advertising source. There are different types –
Google adsense, Native adds, affiliate adds, sponsored adds, self-made products advertisements, etc.
Best Advertising Source for Beginners –
But I suggest you learn affiliate marketing in starting, in this medium you get commission per sale. Apart from it in affiliate marketing, you can make a lot of money with less traffic also. Also, some affiliate channels accept blogs very easily. While Google Adsense don’t accept sites that easy. I said in making a blog, you should stick to one particular topic. The reason for that is pretty simple if you stick to one topic it gives you one particular type of readers who are genuinely interested in the topic about which you write.
How to choose advertisements?
See, if you write about cooking and people who are reading your blogs are highly interested in cooking. So, affiliate advertisements you need to choose must be about cooking. Apart from it, even it is easy in a later stage for google adsense to display the right kind of adds if you write only about a particular topic.
So, these were the simple steps to set up a digital business mainly blogging. But on taking reference you can easily set up any other digital business also. The main blueprint is the same, first setup with the right content ( writing about the same topic) and the second step to set up the right advertisements. There are also other things which you need, to earn well from affiliate marketing. I will cover a lot about it in upcoming blogs. So keep visiting here at, learnsomebusiness.
When you start to get good traffic and got the tactics of selling you can also sell your own made products and thus maximize your profits. You can also use google adsense in case you get tons of traffic.
A faster way to set up an online business
So, up to now, I have been talking about earning through traditional ways like setting up an advertising source but it takes time to build your blog or youtube channel into a successful advertising source. So, is there a way to make money faster online?
yes, there is!!
But this method is also time-consuming and you have to spend money on this method. This method is setting up a service and using your website as a place to book the service.
Let me explain the process.
First of all, start with building a skill. You need to build the skill to an amazing level. For example, if you are interested in infographics. You can learn the skill and start applying it on your website. You can make a portfolio of your infographics on your website and can set up a button to hire you.
But do you really think that just by doing this you have set up an online business which can make enough money?
The real game begins here, no one will approach you in starting. So, first, you have to approach people. You can approach people by Linkedin, emails, etc.
One trick I would like to share is be focused on the tangible thing. Not on the intangible thing.
Don’t get it? Don’t approach by sending messages to verified accounts or customer care of brands but try to make connections with marketers, CEO of the company. Doing this is easy when you have a good profile on Linkedin. You have to work on Linkedin profile.
How many people do you need to approach?
There is no fixed number but at least approach 10 people a day, until someone replies you.
How to ensure your success?
Do it for the cheapest price whether you make the loss or do it for free (for a startup). Once you made 1 to 10 brand successful by your infographics, you will start to get more customers and now you can charge more money and cover your losses.
Promotion for a service-based online business is simple, either you can advertise it by going to different social media and do this technique I explained in the blog, How to advertise your business for free?
You can also make profiles on freelancing websites and provide your links there and make extra money.
Demerits of this kind of business are that you have to work under your client, you are not a boss like you are in the first method.
So, is there a solution to set up a business which will make you rich and is also faster?
Yes, there is.
The method is doing both. Do both things, but at a time first, focus on only one thing.
The demerit of doing this is that you have to put a lot of hard work. One thing you can do to reduce demerits is posting a lesser number of posts per week or making less content. I always suggest posting around 35 to 50 posts and then re-editing all posts to better, making backlinks time to time.
So, in the end, I will suggest you make a website on WordPress because you can always expand it’s functionality to a newer level. Collect emails, push notification subscribers, etc.
For emails, you can use any tool that asks visitors to submit an email. After you got an email, you can always send email to the person and maybe he becomes your client or increase traffic to your website. The same thing you can do with push notification subscribers but it happens automatically with limited functionality.
But is there any hack to build an email list faster?
Yes, there is. Most of the articles and youtube videos always say people will come to your website and see a popup submit your email and they will do that. No, never it happens rarely. Nothing happens for free mate, you have to give something to people as a reward once they submit their emails.
I simply suggest you write a short ebook and give it for free, the ebook should add value to the reader else it is waste. If you write about cooking, give an ebook having 5 unseen recipes. It is the best way to grab emails in starting.
What other techniques you can use to grab emails?
The best technique according to me is encouraging comments, more comments somehow tell google to rank your website higher and it also provides you the email of a person who commented. Also, the person who is commenting is the one who is most interested in your blogpost and he can be a nice target for affiliate advertising.
Another thing you can do is start a service for free like just use a plugin and add a forum to your website where someone can signup and ask questions regarding the topic about which you write and then you can answer there question. Once you start to solve problems like that you will see slowly people will start to use your services. Once someone signup you will get the email.
There are many other methods, why not you invent your own method by experimenting.
That’s all, about collecting emails. But what other things you can do to set up an online business?
You can make money on social media. Yes once you made your website enough famous, you can always go back to social media where you can create a micro version of your content and link it to your website and vice versa. It will create enough likes and followers on your social media or specifically social media of your business. But then what? Then here comes a new thing which can help you to make money and this thing is influencer marketing. So, according to my opinion, the best thing to start influencer marketing is Instagram. Another thing which really improves your brand is YOUTUBE. But start making videos only when, when there are enough quality and value in your content.
I have tried to cover more than every other content on the internet about earning money by an online business.
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Some of the top articles on google, regarding becoming rich by starting an online business-
- How to start a small business online?
- 5 online businesses you can start with no money.
- 50 online business ideas
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