starting your own online business from home might
not be a quick process but it's certainly one of the most rewarding things you will ever do for
yourself there is nothing as satisfying as working for yourself and focusing on your own passions
and all it takes is find the right online business idea niche and target audience to jump start your
entrepreneurial dream i'm Bruno Semedo in this video we're going to talk about how to start an
online business from home and i'm going to share with you nine steps to successfully launch
your online business whether or not you have a particular experience or skill you can start an
online business simply using a computer and wi-fi connection now before we get started make sure
to subscribe to this channel so you don't miss anything when i come up with new content also
while you're watching let me know if you ever tried to start an online business and what
are some of the challenges you have to face in the comment section below there may be people
that has been through the similar challenges that can help you in some way without any further ado
let's dive right into it now about starting an online business put simply an online business
is one that sells something on the internet be it a product service download subscription
or any advertising usually via website or social media you may be wondering why start an online
business in the first place why not go with physical one instead in today's connected world
where technology affords us more flexibility in how and where we work home based businesses come
in variety of forms and here are some of the main reasons you should start an online business
first it is fairly inexpensive to start a lot of people want to start a business but the investment
required to get it off the ground is frightening you have to pay for a lease purchase inventory
and budget for employee salaries it is feasible to launch an online business with a hundred dollar
as a starting capital in some cases way less than that of course the more start money you have the
more online business idea you can pursue but the point is that you don't need to risk your life
saving to become a successful online entrepreneur second it has a major potential and growth when
you have a physical business you have to deal with the limitation of the real world when you have
an online business though your audience is global meaning that you can sell to anyone no matter
where they live and with each passing year your pool of potential customers expand because more
people are getting comfortable with the idea of online business more people online more potential
exposure for your online brand especially if you don't mind taking your online business across the
border third it can run 24/7.
Another advantage online business have over physical business is
that dedicated can stay open 24/7 even through lockdowns and others disruption since you don't
need to be physically present to make yourself your business can generate revenue with less
day-to-day involvement now that you know about some of the advantage of having an online business
let's see what business model you can start online option number one get into drop shipping
drop shipping is an online fulfillment method that allows you to sell physical goods without
keeping inventory yourself here is how it works the customers order a product on your ecommerce
website you forward the order to manufacturer the manufacturer then ship the product directly
to the customers dropshipping is an attractive option for those who want to get into e-commerce
without assuming the financial risk that comes with carrying on an inventory although drop
shipping is appealing it has some disadvantages too this includes low profit margins slow shipping
speed and lack of control over the supply chains among others option number two become an affiliate
affiliate marketing is worth considering if you want to start an online business but aren't
interested in creating your own products it is a very popular way to make money online you
simply promote someone else product in return for a commission here's how affiliate marketing
works first sign up for an affiliate program then select someone else products to promote to
your audience this can be any digital products such as an ebook an online course or a physical
good then get paid a commission for each sales generated through your referral links you
can promote affiliate products on youtube blog and other social media successful online
businesses that start out selling affiliate products tend to eventually release their own
goods you can make much more money from the same amount of traffic that way third option
offer website service you can learn the basics of website designs via e-learning platforms
and experimentation then create a portifolio the website to start attracting clients or reducer
with a freelance marketplace such as Upwork fiverr uh by the way you don't have to be a full-time
freelancer but do a web design as a side hustle now how to start your online business here are
the nine steps that i'm going to share with you to start your online business first you need to
determine your niche and business idea a business niche stands for your focus area a market segment
and target audience you primarily cater to you need to pick a niche for your new business to find
a good one check that your target audience has a problem no one else is solving well enough
willingness to pay for a solution to that problem or sufficient discretionary income to afford the
solution that you are offering please avoid the niche that don't meet this criteria because that
would make building an online business hard when you go after people who don't need your product
can't afford them or aren't interesting you make things even harder for yourself second conduct a
product research you can sell products online such as physical goods which are materials objects that
need to be manufactured stored in a warehouse and shipping to the customers also digital downloads
you know anything a customers can download to their device such as ebook audio courses online
course etc digital product have high profit margin compared to physical goods and then we have
service almost any service available remotely can be sold online selling service is the fastest way
to start an online business and turning a profit third learning about online business law small
business owners may assume that because they are running an online business traditional business
law don't apply to that that's not true while an online business require fewer license and
permits compared to a physical business operation you still need to sort several important legal
details fourth conduct market research learning what your target audience wants need or lack by
conducting online market research when you conduct online market research you are simply gathering
information about the market you will entering as well as your competitor and customers this is
an essential step in starting your online business as it helps you to determine if there is a healthy
demand for what you plan to sell step number five define your target audience your target audience
is a group of individual sharing similar traits or needs that your online business is aiming to serve
therefore they are mostly likely to purchase your product or service step number six evaluate
product viability you want to holistically evaluate your product viability before purchase
or manufacturing a big order to do that ask yourself some question like is there a successful
online business already selling products like that is the demand for this product sustainable or is
it temporary does the math behind this product make sense can you sell it to a profit remember
it doesn't matter how cool the product seems what is important is that it is viable from a
business perspective step number seven define your brand and imagine a brand is the overall
vibe of your business you want everything from your business name to your web design and copy
to convey a consistent visual image and ideas the same also applies to your off-site presence like
social media emails newsletter and even packaging as you work on your brand identity pay attention
to your logo color scheme page layouts typography graphics and photos you know your brand image
should be a result of all these elements working together step number eight launch social
media channels nowadays it is crucial to have some kind of social media presence essentially a free
market tools social media is millions of daily users across the globe this mean there are plenty
of opportunity to get your business in front of potential customers on these platform step number
nine launch your online business once you are open for business there are some important steps
you will need to take to ensure it is continuity success you see the action you take after
a sale as well as how you measure and drive growthy are vital steps that can either make or
break your online venture after launching your online business it is time to attract traffic
to your online business through email marketing which is the privacy of sending regular marketing
emails such as newsletters to your customers and fans in order to keep them engaged with your brand
give them a brief of your news and special offers gather email addresses for your send list by
adding a sign up form to your website and share it among your social media followers follow these
nine steps and you will be on the road to online business success in no time now i really hope
that you've got some values from this video and if so leave some thumbs up and if you have
any question just ask in the comment section below also if you want to learn about the simplest
way you can start an online business from scratch and learn how to earn a commission with somebody
else's products by becoming an affiliate just click the first link right below this video
it is a free online training that will teach you all the basic steps that you need to launch
your online business successfully so i really hope that you've got some tremendous values from
this video so have a great day see you take care
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