There are many forms of online business out there and the truth is that everyone tends to have their own definition of what an online business is. That’s why I think you need to clarify some terms and define them before you start thinking about how to carry out those creative online business ideas that you have in mind. Let’s see them!
What are online businesses?
A business in general has its own characteristics. There are several, but I have to say that having a business means having set up a system that works alone. Either because you have employees who carry the day to day and / or because you have set up a series of automated systems for the sale and distribution of your products / services. Think of an online store for digital products (music, for example).
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In short, for a successful business, the entrepreneur’s mission is to get out of the way as soon as possible. If you think about it, the perfect business is only within reach of the laziest and I really think so. To work as a freelancer is another thing, which is more like a scheme of self- employment.
How to set up an online business?
If you are thinking of starting a business on the internet, I think your online business ideas should meet a series of very specific criteria:
You should try to study some business concepts with future. With this I mean basically two things:
- To accompany a traditional company to make the definitive leap in the digital economy (think of the different actors in the book industry, for example).
- To support initiatives that accelerate the globalization of Economy – think of the large market places of offshore services (outsourcing).
Good online businesses are usually scalable businesses. Try to take full advantage of the internet channel and distribute knowledge by selling digital products. By doing this, you minimize the cost of sales of your products (it occurs once and sells for thousands of units without cost) and you forget about the headaches of logistics, including the management of your working capital and its difficult treasury.
Good online businesses are low investment businesses. And this is very positive. With your desire to work and your idea, you can launch for less than $150 / year (with this you will buy a domain, a hosting plan, and a premium template). Delays everything you can to formalize your business activity.
More than ever, good online businesses ideas are based on developing a system that works alone. Although the goal of passive income is difficult to achieve, I think it is important that your business contemplate all possible ways to sell without your direct involvement in business operations. And I’m not thinking about having employees.
I think large online businesses can be set up alone, without investors or employees. Once the model is validated in a second phase, you will ask yourself how to accelerate and leverage the model, with or without employees, with or without inverters.
Online business and business success
The rules of business success have not changed much and the mortality rate to 3 or 5 years of new business. Avoiding business failure is no simple task. But we are experiencing times of great changes, demographic and macroeconomic, microeconomic and technological changes.
Look at it as a unique opportunity for you. Get inspired by other digital entrepreneurs who have already gone the same way. Do not fall into the trap of safe work and loyalty to a company.
With globalization and technology, within 10 years, the number of middle managers and knowledge workers will have fallen in United States because of cheaper markets. What happened to the workers and production in China is going to happen now with all knowledge workers?
It is neither good nor bad, as long as you take the reins of your life (professional) from today.
Online business based on blogs
I have answered you very honestly about whether I believe it is possible or not to make a living with a blog in a dignified way. You can make real good money based on your online blog success. All you need to do is getting some traffic on your blog and provide them the best contents they are looking for. You have to make sure to maintain a good SEO strategy for your blog, when it’s come to your blog traffic question.