Startup entrepreneur Chrys Tan of Chrys Media says, “The one piece of advice that I would give to an entrepreneur would be to embrace failure. Failure is guaranteed when you are an entrepreneurs, whether it is the failure of meeting a number of targeted sales or even the failure of a business. But if you know that experiencing failure is guaranteed when running a business, you wouldn’t fear failure but embrace failure instead. When you embrace failure, you take on more risks and you move past failures faster as well.”
"For example, when I launched the Content Promotion Summit with my partner Cody Lister, we started off by focusing on three things. What the costs would be, how much money we'd potentially make and what the key levers for generating more sales (traffic, email opt-ins, and affiliate partners) would be. This gave us key insights into whether or not the business would be worth investing into before we launched. It may surprise you, but by using Noah Kagan's quant-based marketing system and asking a few friends for benchmark numbers, it wasn't difficult to get an estimate. In fact, our numbers were only 7% off from our main target."
People are turning to audio and visuals when it comes to technical subjects. However, you should consider doing an ebook first and turning it into an audiobook through a resource like Audible's ACX platform. You can hire a producer either through a royalty share program, so you don't have to shell out upfront cash, or you can do a pay-per-hour hire as well.
While the obvious purpose of internet marketing is to sell goods, services or advertising over the internet, it's not the only purpose a business using internet marketing may have; a company may be marketing online to communicate a message about itself (building its brand) or to conduct research. Online marketing can be a very effective way to identify a target market or discover a marketing segment's wants and needs. (Learn more about conducting market research).
Online reviews rank in search engines, thus helping your business to rank higher as well. Online customers tend to choose those products and services that were reviewed by other buyers, which grows the reliability of your brand automatically. Reviews can also encourage the web users to take a specific action, like placing an order or checking out details about your offerings.
If there’s one thing to keep in mind when creating your content strategy, it’s this: The needs of your business should ultimately overlap with the needs of your target audience. By creating a website, social-media profile or other digital presence with your audience in mind, you create content that provides value to customers and brand influencers.
So, where are we supposed to turn to make money the legitimate way online? This isn't just about generating passive income; this is also about finding ways and means to create an active income through the conveniences afforded to us by the internet that will not only help us with our debt obligations, but also empower us to save, invest and get really rich in the future.
Another pitfall to avoid is over-dependence on a single income source. A good entrepreneur will avoid over-dependence by not letting a single client represent more than 25% of their income. If a single client or customer represents too much of your sales, what happens when they decide to stop doing business? You lose a significant portion of your income.
Having a website built is one thing. Having it properly optimized is another. I hear you can get a good SEO job done in your website for around $500 a month. You should take a look at SEOMoz for that. I personally recommend that you be the one to do a bit of your on-page optimization though. And perhaps hire for the linkbuilding if you have the budget to do so.
Ebay is a bellwether. It's been around since nearly the start of the online boom. But, like any other platform, success can seem fleeting if you don't know what you're doing. Selling items on eBay, professionally that is, can be an art form. Getting people interested in your auctions isn't always easy, especially when there's hefty competition and low demand for what you're selling.
"My favorite place to sell my handmade jewelry is Instagram," says Mindy McCarthy, owner of MinMac. "It's the queen of virtual markets. Potential customers can scroll through your collection of pictures and see who they're supporting," she says. "They make a connection with you as a person, not just a business owner. It's very rare that I post a piece of jewelry that doesn't sell within minutes."
It’s not easy to convert a prospect into a customer. It is, however, relatively easy to convert your prospects into list subscribers. For many businesses, the email list – which prospects land on by volunteering their contact info in exchange for content – is the best asset they have. By sending a single email, you could make thousands of dollars in one day.
It's easy to get caught up in the day-to-day challenges of running a business, but you MUST carve out time at least once a week to take stock of what you're doing for the long-term health of your business. That includes marketing, training, employee development, community engagement and capital development. Sound investments today will pay dividends in the future. - Jim Judy, Try Franchising
What good is a successful startup if you destroy yourself in the process? Nothing is as precious as health, which is why you shouldn’t sacrifice your well-being for the sake of your entrepreneurship. In fact, what might seem like hard work could ultimately derail your career. Losing sleep, eating unhealthily and allowing yourself to become stressed are surefire ways to shorten your life expectancy. By tending to your health, you’ll have the strength to carry out your goals.
It doesn’t pay much, but if you’re a healthy person and want to make a bit of extra money online, the AchieveMint app will reward you for doing things like walking, tracking your food, or taking health surveys. AchieveMint works by connecting to fitness apps you might already be using like Fitbit, RunKeeper, Healthkit, and MyFitnessPal and then giving you points for certain actions. For every 10,000 points, you earn $10 with no limit on your earnings.
A few years after founding Fit Brains, it was acquired by Rosetta Stone. In the process, I learned a lot about working with a large, corporate business. When Rosetta Stone approached me, they had a larger vision of how Rosetta Stone’s products and Fit Brains could join forces, and I knew it was a positive move for Fit Brains. I was lucky—the timing was right. However, you never know if the acquisition will go through right up until the end—so many things can pop up and derail the whole deal. Proceed with caution, and always have a plan to put in place for how to move forward should the deal fall through.
If you’re the type who geeks out on software design and development, then this online business model is right up your alley. Can you think of an enormous problem people face and come up with a software solution that solves their problem? People will gladly pay for your product, and this is especially true if they can’t find this solution anywhere else.
Case studies: Nothing grabs as much attention as a personal story. In fact, there are media that specialize on posting case studies mainly because of their high engagement potential. If it also contains a unique strategy, a new approach or angle, it has really good chances of being accepted by a prestigious blog. Personally, I hate writing about something that I’ve already read/written about before, so that’s why I often go with this option.