Archive for the ‘online business’ category

How Much Does it Cost to Start an Online Business?

March 18th, 2009

Nothing.

In terms of dollars, it costs nothing to start an online business.  It takes time and effort, but you can do it for free.  There are many ways to get your message out there or display your product online for free.

Start a blog and pump out some content related to what you do.  If you’re an accountant, write helpful tax tips.  If you can reach out to your audience online by delivering good content, then you will be able to increase potential sales of your product or service.

But don’t be too “salesy” about it. Create some trust first by giving away information or specialized knowledge and you will be well on your way to a new customer.  The internet is becoming more and more social everyday, making it very hard for people with shady business practices to prosper.  They still do, but it’s getting harder to do so.

Furthermore, people are becoming more savvy about buying online and are actively looking for people to give real advice and help.  It’s all about trust and good content.

Passion Makes Your Online Business Ventures Easier

March 12th, 2009

passionLet me start by saying the following. When I talk about online business, I am talking (or writing as the case is at the present) about anything that you do online that has to do with either earning money or building your personal brand and communicating your message.

Maybe you have a blog with Adsense ads or affiliate links on it. Maybe you are selling your own e-book about kitchen decorating. Or maybe you produce videos and monetize through a partnership with Youtube and Revver.

What I mean to say is that online business can be anything. There are many variations and ways to make money online. One thing that is consistent, however, is the fact that having true passion for what you are selling will make your job 100 times easier.

Most people do not love their jobs. That’s a fact. They may like their job, but they most likely do not love it. When you go into business for yourself or start a small online business on the side for some extra dough, you have the chance to do something you are very interested in–something you love.

My question to you is, why don’t you do something in a field in which you are interested instead of doing something that you think will be profitable? Instead of starting something real estate or investment related, start a business around a hobby of yours. The means to monetize the site will become evident as you move forward and the truth is you will get much further–you will be able to summon that extra little bit of effort, that passion–that you will give you the competitive edge.

Passion makes it soooo much easier.

Building Your Personal Brand in 2009

March 12th, 2009

People talk a lot about building their personal brand or building equity in themselves or their online business or any type of business for that matter. In no time in history has this been easier to do than today with the free access anyone with an internet connection has to social media and networking tools.

You can head over to blogger.com, start a free blog, and start disseminating your message to the world. You can buy a webcam, hook it up to your computer, make a video, and upload it to Youtube. Someone across the country can watch the video you made today a few minutes after you upload it. And this costs you nothing. Well, that’s not quite true. It costs you time. But it’s time well spent.

Still, like most people, you’re probably wondering how to get started, or you’re probably thinking, “just what does creating a personal brand mean?”

Your personal brand is about honesty. It’s about providing value. It’s about transparency. There is no more hiding when every one is walking around carrying a video camera attached to their phone. Shady business deal are harder to pull off when people can Twitter a thousand people and let them know about the jackass who tried to rip them off.

The new way business will increasingly be done is through a more direct, personal channel. I don’t care if you’re a writer or a real estate agent. You can start building your market share by accepting the fact that you are your brand and you need to take the responsibility of how you do business. If you provide an amazing service or an amazing product and have a sincere desire to do right by your customers or audience, you are the kind of person who will succeed in 2009 and beyond.

Personal branding isn’t about a logo, or a header on a piece of paper, or a sign on a lawn. The new branding is about service, value, and transparency–three keys to success that really aren’t that new.

The best way to be successful in the “new economy” is to do your best to serve your “audience.” There is no marketing better than having a few “fans” who love what you do and tell everyone they know about it. The way you get these evangelists is by bending over backwards for them and providing amazing service and value. Nowhere is the idea of good karma more evident than in building a personal brand. You give a lot and you will get a whole lot in return.

Starting an Online Business in 2009

January 27th, 2009

An online business can take many forms.  There are e-commerce sites, affiliate sites, corporate sites, storefront pages, and blogs.  Yes, a blog can be considered an online business.  In fact this article is primarily about this kind of business.

If you want to start a business online, then a blog is a great way to start.  For one, it is very easy.  Secondly, you can do it for free–although you may want to create a more professional looking site that you will have to pay for.  Thirdly, it is a great way to talk directly to your customers.

Heck, at this point you may not even have customers.  You may just want to start a content site, where information or entertainment is your “product.”  But if you do have a business of any kind, why not start a dialogue with other people out there who are in the same industry or may be interested in your product or service.  Starting a company website is a great way to do this kind of thing.  It will allow you to keep up on industry trends, new business opportunities, and may give you the edge necessary to move past your competitors.

Blogs have really caught on because they are a direct, rather informal means of communication.  You get the feeling that you are directly communicating with someone when you read their personal site and when you leave comments, you feel that your voice is truly being heard.  If you can leverage this kind of direct communication with your target audience–the people who have anything to do with what you do–then you will be able to create a new avenue for creating business.

Many blogs operate as free-standing online businesses.  You can make money online with content and content alone.  If you are lucky enough to be able to write really well and attract web surfers with your wit or you inside information, then you may be able to earn some money for your efforts.  Once you create some sustainable, natural, targeted traffic, you can monetize that traffic and get paid per impression, click, or action (meaning someone makes an actual purchase from your stock or that of an affiliate program).

Many people build sites for the sole of purpose of internet marketing and affiliate sales.  It is easy to tell when you are on one of these sites, because there is either too much enthusiasm for a certain product (or products) or it just doesn’t seem genuine.  The best blogs out there have a lot of enthusiastic readers (and tons of comments left by them) and this is usually a result of the person having a lot of “trust” and being perceived as genuine or an insider with specialized knowledge.

I guess the first step to creating an online business is to figure out what you want to sell, what knowledge you have to share, or what you are really interested in.  The closer to your heart your business is, the easier it will be for you to work on it.  By picking something you like to do, you will make your job ten times easier and if you’re lucky it may never feel like a job.

There probably has never been a better time to be an entrepreneur than today.  The internet speeds everything up.  You can technically start your business as quickly as you can type your first blog post about your industry, product, observations, or knowledge.

Say you work for a web design company.  You can start a blog about what it’s like getting started in that particular business, the trials and tribulations you go through in creating contacts and getting work, and things you do to get over the rough patches.  This is information people will want to read.  And hopefully, it will get you some more work opportunities.  Or it not, maybe that site ends up earning you some extra cash each month.  The internet is still in its infancy.  The possibilities are endless.

You can start a website for free at blogger.com.  It is a very easy to use platform (once you get the hang of it) and you can even start more than one site.  Internet business is a tricky, well, business, but why not jump in and see where it takes you.  I will write soon about some of the way to promote your site and get readers to see your work.