Vasil is a super connector for entrepreneurs. He's the CEO of Startup Socials, a global community of entrepreneurs that connects and empowers professionals working in the startup ecosystem. He's also the founder of Growth Marketing Conference, Silicon Valley's largest digital and growth marketing event. Here's his best business advice for aspiring entrepreneurs who want to start a business:
Shopify is a great example of the freemium model. By offering some applications for free, they get exposure for their whole business. Since the company was founded in 2004, they have acquired 30,000 customers, including Pixar and the Foo Fighters. Their revolutionary “build-a-business” competitions in the past have produced over $70,000,000 in revenue for over 14,000 entrants.
It might sound counterintuitive, but rapid success can actually be a pitfall for entrepreneurs when it’s not managed properly. When a business gets too busy, they may not be able to process all the orders, flaws in management may begin to reveal themselves, and communication may begin to breakdown. The result? A steady drop in revenue until the bottom falls out. Being prepared for success with scalable management models and quality control is essential.

Jeff is a ghostwriter, speaker, LinkedIn Influencer and contributing editor to Inc. He worked his way up to managing a 250-employee book plant and has become a sought-after ghostwriter for the world's top business leaders. He's written more than 50 books, including six Amazon Business and Investing No. 1's. He's collected four years of business advice in his most recent book, TransForm: Dramatically Improve Your Career, Business, Relationships, and Life ... One Simple Step at a Time. Here's his best piece of business advice to aspiring entrepreneurs who want to start a business of their own:


Starting an online business is a tempting prospect – but that’s the easy part! The real challenge is to find out which opportunities are specific to your area of expertise or knowledge. To make your decision making a bit easier, we have created a list of online business ideas which shows you some specific examples of independent career paths suitable for various skill sets.
The box subscription business has exploded. While it's nothing new, and it's been around for ages now, the overwhelming rise of the internet has breathed newfound life into this online business idea. What is a box subscription exactly? If you think back for a moment to one of the most viral box subscriptions businesses, you'll clearly recall the Dollar Shave Club.
No matter which way you do it, it’s passive income—money you earn while you sleep because you put these products up for sale on your website and a customer can buy and download them any time of day or night, automatically. All you have to do is check the sales periodically to see what topics or types of products are selling best so that you can make more of those.
DeMers recommends researching competitor link strategy in order to see where they are building links and the type of links being used. Likewise, you can research competitors’ social following in order to mirror it, or even engage directly with competitors online. DeMers states that you can gain SEO momentum by watching what your competitors do, seeing what works and doesn’t, then using that as inspiration. For example, look at their content strategy and see what kind of topics they are writing about, which ones get the most comments or social shares, and how readers are reacting to the content.

If you are gifted with a more than one language but have no interest in teaching others, try translating. Many companies need their website and collateral translated when they move into a different market. You can help them achieve it, while also keeping active in more than one language. Keep in mind the most common way of billing is cost per word so price wise to make smart money from this great online business idea.

Silas and his wife Grace are the voices behind the wildly popular lifestyle, travel and personal finance blog, Chasing Foxes where they teach thousands of monthly readers how to live their best lives. Check out how they recently made over $3,000 in a month working from home. Here's the business advice Silas has to share with first-time entrepreneurs who want to start a business of their own:
Another way to make money blogging is through affiliate marketing (that’s where DollarSprout makes most of its revenue). Affiliate marketing means you link to a product for sale on another site and when readers click your link and buy the product, you get a cut of the profits. Amazon has an affiliate marketing program that’s easy to use and a great starting point for new bloggers.
The understanding and successful execution of an effective strategy is key here. You want to instill confidence in yourself, and to do that, you often need a good deal of social proof. For that reason, if you do want to launch a successful business coaching business, first, grab some customers and help them succeed. Then, get their powerful testimonials, and only then can you actually position yourself to charge high-ticket rates.
Instead, create more simplistic goals. These become small steps that eventually create real change in your life. Start with simple goals, such as joining a gym. Get to the gym three times a week during the first month, and then progress to five times a week in the second month. Put the weight and dress sizes on the back burner. When you start off with simplistic goals, the other accomplishments will follow.

Occam’s Razor – Listed 5 out of 20 times. Another great blog with a slightly different approach than the other players around. Recent posts include: (i) Digital Analytics + Marketing Career Advice: Your Now, Next, Long Plan, (ii) Stop All Social Media Activity (Organic) | Solve For A Profitable Reality, (iii) Artificial Intelligence: Implications On Marketing, Analytics, And You.
Derek Halpern has built a really strong personal brand. He’s the founder of a software and business training company called Social Triggers and makes a LOT of money teaching people how to sell what they know best. And what he knows best is how to sell. If you’ve got some serious expertise, start making money out of it by selling online courses or simply teaching online.
Set up the site. Choose a website building platform, such as WordPress, Joomla or Drupal. Next, choose a domain name and web hosting for your site. The domain name is your web address. Web hosting is a service that connects your site to the internet. Once you have your domain name and web hosting, go to the control panel of your hosting account and install your website platform. Design your website by choosing and installing a theme.[9]
There's a proverbial gold rush happening today, of people trying to launch chatbots for their businesses to help automate some of their sales and marketing efforts that are needed to properly grow and scale in today's market. However, similar to California's Gold Rush, those that will likely get rich are the ones that sell the picks and shovels. For that reason, why not launch your own chatbot business? Sure, there's some effort involved here, but this is definitely worth the steep learning curve.
Take advantage of LinkedIn and networking sites like Meet-Up to make new friends in your professional world. Find a good mentor, and then find the time to absorb any information you can from them, often they have been where you are and be ready to help solve the problems you are facing. Having a good mentor is like having your teacher help you write a test, it is really hard to fail.
Running a business consulting company is a great option for those who’ve been involved in the process of building a business before. Whether you’ve gained your experience through working with a number of different startups or learned the secrets of business management in a more corporate environment, helping other entrepreneurs achieve great results can include everything from business planning and forecasting to liaising with banks and institutions.
Now imagine you had that brochure on your website instead. You can measure exactly how many people viewed the page where it's hosted, and you can collect the contact details of those who download it by using forms. Not only can you measure how many people are engaging with your content, but you're also generating qualified leads when people download it.
Do you have impeccable organizational skills? What about cleaning skills? Can you quickly and efficiently carry out these tasks? Maybe it's time to put those skills to good use by becoming an online personal assistant or task manager. Companies like TaskRabbit or Zirtual allow you to sign up for tasks you want to complete — including data research, virtual assistant or running errands — and begin building clientele.
Navid is the world’s leading expert on producing profitable virtual summits. His media coverage includes Forbes, Entrepreneur, The Huffington Post, Business Insider and much more. His mission is to show entrepreneurs what's really working to build a profitable online business. Find out more about his courses, summits, and expertise on his website. For now, here's his business advice for first-time entrepreneurs who want to start a business:
There are a huge variety of loans on the market. That means you can control your level of risk and reward. For example, lending to highly-qualified borrowers might product 4-5% per year in interest. However, lending to less-qualified borrowers can pay 15% or more. The greater the risk, the bigger the reward, and you get to decide what your risk preferences are.
If it’s not clear yet, information and expertise are two of the most consistent and lucrative ways to make extra money online. If you don’t like talking on the phone, you can sign up to get paid to answer professional questions on JustAnswer. There are thousands of questions being asked every month from people looking for help from lawyers, doctors, mechanics, vets, and more. To apply, you’ll need to supply your professional verification, resume, and a form of identification.
If you want to clear some space out in your house and have a big stack of books you’ve been holding onto for too long, you can make money selling your books and textbooks online. Stores like Half Priced Books and others will give you cents on the dollar for each of your current books while you can check what your book is worth by simply entering the ISBN number on Book Scouter.

Sir Richard Branson, one of the world’s most recognizable billionaires, and the founder of Virgin Group, has built an empire comprised of more than 400 companies including airlines, record stores, publishing organizations and he's even tackling commercial space travel. He's also the author of more than a dozen business books, including his latest (fantastic) autobiography, Finding My Virginity that shares from behind-the-scenes of the ups and downs throughout Branson's more than fifty year career as an entrepreneur. During his interview on 30 Days of Genius with CreativeLive, I got to hear his best business advice for aspiring entrepreneurs who want to start a business of their own, first-hand:


15. Optimize Your Website for Local Search – If your law practice only handles cases in Albuquerque, New Mexico, then it doesn’t do much good to get it seen by consumers searching for legal consultations in Crawford County, New Hampshire. Make sure your business website includes local information, like a phone number, address, and geo-targeted keywords so that local consumers call you.
As internet-based businesses go, affiliate marketing has huge income potential. And as mentioned earlier, once it's set up properly the income from it can be almost 100% passive.  In fact, this is how I quit my job originally.  I built lots of little niche sites that eventually were bringing in income of over $10,000 a month!  So, I say “Adios!” to my day job and I've never looked back.
Online and mobile dating are booming. Thousands of people around the world are looking for love online and, unfortunately, many are unsuccessful in their quest. As a dating coach, you’d be responsible for helping your clients to organize and prepare for a perfect date, to refine their flirting skills and to advise on the do’s and don’ts of a dating life.
Copyblogger – Listed 9 out of 20 times, talks about content marketing and copywriting. This is one of the best digital marketing blogs for anyone who wishes to build a thoroughly content marketing strategy. Some recently published popular articles are about: (i) Killer Resources for Freelancers … and an Option for Those Who Don’t Want to Go It Alone, (ii) The Wise Content Marketer’s Guide to Sensible SEO, and (iii) The Simple 3-Step Process for Creating a Winning Content Marketing Strategy
What’s more, Patel is currently in the midst of an acquisition spree. Just months after he bought, rebranded and relaunched the Ubersuggest SEO tool on his own domain, he repeated the trick with the Kissmetrics blog, which, until earlier this summer, was one of the most authoritative marketing publications on the web. Even Patel’s post about his Kissmetrics purchase – which, interestingly, excluded the Kissmetrics analytics tool – makes for a captivating read.

Here your task is to give recommendations on how a client can get more traffic and leads for their website. SEO consultants need to know various methods of optimising website content, including being able to do keyword research to determine which words would be optimal to use in titles, headlines, descriptions, articles or any other text that appears on your website.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
Your buyer can choose from a variety of items to have the image printed on. Your design could be put on a t-shirt, phone cover, pillow, mug and more; this greatly expands your online marketing options. Additionally, you can get into a print on demand business as the owner, or you can take advantage of this online business opportunity as a design contributor.
This type of research involves finding out information about someone’s family history. A project in this area can focus on researching an entire family tree or focusing on a particular individual. To do this type of research you may want to try a freelancer website like Genealogy Freelancers as an alternative to setting up your own online platform.
Sir Richard Branson, one of the world’s most recognizable billionaires, and the founder of Virgin Group, has built an empire comprised of more than 400 companies including airlines, record stores, publishing organizations and he's even tackling commercial space travel. He's also the author of more than a dozen business books, including his latest (fantastic) autobiography, Finding My Virginity that shares from behind-the-scenes of the ups and downs throughout Branson's more than fifty year career as an entrepreneur. During his interview on 30 Days of Genius with CreativeLive, I got to hear his best business advice for aspiring entrepreneurs who want to start a business of their own, first-hand:

But that is not the case with this dispensation; with the invention of the internet and of course good and reliable software, you be somewhere in Port Harcourt, Nigeria and place a bet online from a sport betting site that is located in Las Vegas, United States, for a football match between Arsenal FC and Manchester United in United Kingdom. Distance is no longer a barrier when it comes to placing bets on any of your favorite sports. So if you love sports and you love betting, then you should consider starting your own online sport betting business.

The kind of content you create depends on your audience's needs at different stages in the buyer's journey. You should start by creating buyer personas (use these free templates, or try makemypersona.com) to identify what your audience's goals and challenges are in relation to your business. On a basic level, your online content should aim to help them meet these goals, and overcome their challenges.


Your customers can become ambassadors for your brand if they had a good experience and share it on Google or social media sites. They can also become your worst nightmare if they leave a bad review. It is immensely important to thank customers who leave good reviews and to communicate with customers who leave bad ones. Reputation management is a key online marketing tip and can humanize your business and help it grow immensely if it’s done correctly.
Despite Instagram's growing popularity, not all brands know what they're doing on the app. If you have a background in social media and marketing and a passion for photography and Instagram, starting a consulting business that focuses on the popular photo app can be a great way to make money while helping other businesses improve their content and thrive.

HubSpot – Listed 12 out of 20 times, Hubspot is known for starting the inbound marketing movement, and they are considered for giants in the marketing universe. It is a high-quality marketing blog filled with insights and tips and presents a great example of content that delivers value to its users and target customers alike. Hubspot has three blogs: marketing, sales, and agency— each targeted to a slightly different audience.

Content is an essential aspect of any digital marketing campaign. The Content Marketing Institute offers some of the best advice around in terms of how content can help your brand. From industry trends to best practices, their posts offer helpful advice on how to create the best strategies for your business and how your content marketing should play a role in the "bigger picture." One of their main objectives is to provide education to marketers, so there are plenty of events and research documents, as well as access to a lot of resources including eBooks and whitepapers. Any successful content marketing plan has undoubtedly utilized some of the expertise shared through the Content Marketing Institute-whether they realize it or not!
You can as well look around you and you will find out that there loads of business opportunities that are not on the internet that you can take to the internet and make good monies from. One good thing about the internet is that with the internet, you can connect the world right from your bedroom, because with the internet, the world is indeed a global village.
This is quite different from e–library, all you need to do is to start a book and magazine club that attracts people of similar interest. If you are creative, you can attract enough members and the money you make from such business is tied to the number of members that are registered in your book club. Membership fees and registering fees et al. One good thing about online magazine and book club is that you can admit members from any part of the world as long as they are ready to keep to the ground rules.
What is entrepreneurship really about? And why’s it so important? An entrepreneur is the person who sees a problem in the world and immediately focuses on creating the solution. They’re the leaders that strike out on their own to improve society. Whether they’re creating jobs or a new product, they constantly take action to ensure world progress. In the process of understanding what is entrepreneurship, let’s look at why entrepreneurs are important in society. 

Never Assume — One huge mistake that your sales team could be making is assuming an ignorant buyer. Internet leads tend to be VERY educated customers, and they will know if you are blowing smoke. Assuming that your customer is uneducated is a huge mistake for any sales person. A good way to not fall into this trap is by asking your customer the research they have already done. Simply saying “What research have you already done on (The Product), because I would hate to waste your time by telling you things you already know” can save you time, and help you close the sale more.
Understand how a niche website works. A niche website focuses on very targeted, specific information. The content must be specific, useful and interesting to your target audience. Successful niche websites get anywhere from 1,000 to 10,000 visitors per month.[5] You build content on a particular keyword, and you make passive income with Google Adsense or through affiliate links.[6]
2. Be open-minded. Know when to say “when.” Your idea of what’s right may actually be wrong. Be open to other suggestions and ideas. Remember, your business is actually not about you. It’s about delivering a good product to your customers and doing whatever it takes to ensure that your customers turn into repeat customers. In other words, be ready to embrace fresh ideas, even if they go counter to your own beliefs.
As well as giving opinions it’s important to guide companies on how to collect them. Research designs are, therefore, a critical component of any research process. It includes the formulation of survey texts and questions (e.g., textual, multiple choice, drop-down, Likert scale, ranking, file/image, questions, etc.). The surveys sometimes also need to be integrated with a website, database or mail marketing service provider (e.g., Mail Chimp).

One of the great things about the internet is that you can go into business for yourself from the comfort of your home. All you need is an internet connection, and you can make money online. Diving into the online world will free you from the daily 9 to 5 grind of a desk job and afford you more time to travel, indulge in hobbies, and spend time with the family.
Really good article with some great tips. Affiliate marketing has the potential to earn lots of money and I'm hoping I can make it happen. I have tried the matched betting and it DEFINITELY works. The one thing I would say is that you need to check that any bets have been accepted by the bookmaker. I have had on occasion bets which look like they have been accepted but don't register in my account. Always go into your account and check outstanding bets or your bet history.
Your product or service has to be at least good, if not great, to start out with. It has to be differentiated in some meaningful and important way from your competitors’ offerings‎. All else follows from this principle. Don’t dawdle on getting your product out to the market, as early customer feedback is one of the best ways to help improve it. As Reid Hoffman, venture capitalist and co-founder of LinkedIn, said: “If you are not embarrassed by the first version of your product, you’ve launched too late.”
There are different ways to market an ebook. One of the most common is through Amazon’s Kindle program. They can help you with all the steps to both publish and market your ebook through their incredibly popular platform. There are some specialized sets of writing software that will help with not only writing your ebook, but also formatting it correctly for the Amazon market as well Barnes & Noble and iTunes
You can work as a virtual assistant through dedicated websites, such as Upwork or Zirtual. All kinds of skills are needed, and compensation can vary anywhere between $10 per hour to $100 or more. Obviously, the higher pay will be to people who have more technical skills, such as web building skills and marketing. But you can find work doing administrative tasks at the lower end of the pay scale.

If you are into buying and selling, there are loads of business that you can make money from and one of them is to open an online computer and mobile phones store. Just like any other e commerce store, you would need a good shipping arrangement for this type of business. You can engage in the sale of fairly used or brand new phones and computers or both. There is a wide international market for such products.


There is hardly business that cannot leverage on the internet to generate more income. Online Photography is another business that you can successfully launch if you are looking for an internet based business to start. It is simple, if you are a photographer and you are good with photo editing, all you need to do is to list pictures in your archive for sale to the internet community.

Digiday is the digital marketing blog which covers all the things related to digital marketing for big brands. Their blogs help us to examine how digital marketing plays out on a much larger scale. Big brands need digital marketing and yes, I love reading their blogs. It’s a real fun. Besides the digital content this site produces awards, job postings and events.
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.

Dropshipping is the easiest option to start an ecommerce business without having to buy any products in advance. Sell a variety of products to customers across the world, while setting your own process, building and promoting your own brand, all without needing to invest in warehousing or manufacturing costs. You don’t need to pay for inventory until it’s sold to an actual customer. Check out our guide to mastering dropshipping to learn more about this great business opportunity.
For my family. I live in New York City, but my grandchildren live in Rochester. Swagbucks helps pay for me to visit them every 3 weeks. I 'm also able to buy them gifts using Amazon gift cards, and help out with diapers and personal care items using CVS gift cards. I even use Target gift cards to help out with grocery shopping. Swagbucks has been a blessing and I can't live without it!
With the rising trend of DIY-products and online marketplaces that sell home-made crafts, people who have a knack for art, or just like crafting, have an outlet to sell their products to the public. With platforms like Etsy, artists and creatives now have a place where they can sell their merchandise, and customers can shop for unique products that can’t be bought at any local superstore.
They are generally solopreneurs who offer their services to small businesses who need help with a given range of tasks. Some people might argue that being a virtual assistant isn't really running a business. But somebody like Gina Horkey can prove that's simply not true, and she has a booming business to back her claims up. She's also seen as the “go to” person for a step-by-step guide to running your own VA business.
Your good voice and excellent diction is an asset; with it you can generate extra income for as long as you are willing to. It is simple, all you need to do is to Google voiceover outsourcing jobs and you will see loads of them. Ensure that you read through them source for the ones you feel you can handle. As a voiceover artist, you can sign up with an advertising company and they will help you secure voiceover jobs.
What’s more, Patel is currently in the midst of an acquisition spree. Just months after he bought, rebranded and relaunched the Ubersuggest SEO tool on his own domain, he repeated the trick with the Kissmetrics blog, which, until earlier this summer, was one of the most authoritative marketing publications on the web. Even Patel’s post about his Kissmetrics purchase – which, interestingly, excluded the Kissmetrics analytics tool – makes for a captivating read.
Using Fiverr is a great way to pick up work. Once you have signed up you can advertise your services. Fiver allows you to create your own gigs, whether you are offering web design, digital marketing, writing, or something else. You can choose how much you want to charge (it can be more than a fiver) and people will then contact you if they are interested in working with you. Fiverr will not only help you get experience if you are just starting off as a freelancer, but it will also help you earn some extra cash.
By building an extensive following, this will allow you to gain profit by attracting key advertisers or get commissions by promoting other brand products (think affiliate). Blogging is big business; just ask Heather from Dooce.com. She’s a mom that blogs daily about her children and pets and has successfully turned her daily adventures into a very lucrative business by simply making money blogging. One of my favourite ways to make money from a blog is by creating your own online course.
Reed McManigle: Almost anything that is non-software based, such as medical devices/biotech, energy, chemistry, materials science, is harder to commercialize. The challenges are that these technologies are generally far from being market-ready, or even market-testable, when they are no longer eligible for the basic research-oriented federal funding on which they were based. While these types of technologies have the potential for huge impacts and upsides, they require significant amounts of time and money to reduce technical and market risk.
If you’re new to the world of search engine marketing, social media, and SEO, the sheer amount of available content on the subject can be overwhelming. Hundreds of digital marketing blogs all sharing different perspectives in a rapidly evolving industry where best practices can change in an instant. The internet is today’s bustling nerve center of communication and commerce, and sifting through the noise can be tough. As you start to research how to advertise on Facebook or optimize your website for Google (hint: make it mobile friendly) the digital marketing blogs listed below can provide you with top-rate consultation and guidance.
CMU has great and well recognized strengths in these areas, which sometimes overshadows the great but less recognized strengths we have in energy, materials, chemistry, medical devices, healthcare IT, etc. As mentioned above, many of these sectors need more time and money to get to a first customer, which makes it more difficult for a researcher to be a 'scrappy entrepreneur' on his/her own. We try to help them find outside, experienced entrepreneurs to partner with to form a scrappy entrepreneurial *team*.
You’ve probably heard that, when it comes to search engine optimization (SEO), content is still king. And one of the best ways to keep your site relevant for search engines is to consistently and frequently publish high-quality web content. In other words, keyword stuffing is out, and creating compelling content that people are eager to promote is in.
To change the world: Many entrepreneurs strive to make the world better. Whether entrepreneurs believe in space exploration, eliminating poverty or creating a practical but game-changing product, they ultimately build a brand in service of others. Some entrepreneurs use their business as a way to raise capital quickly to funnel into their noble causes. To social entrepreneurs, building an empire is about creating a better world for everyone.
Webinars On Air is a powerful webinar tool that will enable you to create professional webinars for your viewers. Harnessing the power of Google Hangouts, this all in one solution will take care of all the technical aspects of hosting a webinar, including payments. Also have a look at our guide to the best webinar software, both free and paid options.
Like anything else in this world, you'll either need a lot of time or a lot of money. If you have both, then clearly, you're ahead of the game. But most people have more of the former rather than the latter. But considering that time is finite and we only have a certain amount of it, using your time wisely and managing your time properly is crucial to ensure your success.
Virtually every small business needs help running their day-to-day administrative tasks, but they may not particularly want to pay a full-time in-house employee to do it. Virtual assistants perform a variety of tasks that a traditional assistant or secretary would normally do, including making travel arrangements, paying bills, or managing expense reimbursements.
The internet has made it possible for people from different parts of the world to be registered in the same library. Online library (e – library) is a resource center where you can comfortably conduct a thorough research and study from the comfort of your home no matter the part of the world you live in as long as you have internet enabled device (smartphones, computers, notebooks, tablets et al). People pay registering fees and of course membership fees to make use of online libraries. You can start your own online library (e – library) and attract membership from different parts of the world.

White labeling products involve purchasing pre-made products from a supplier and then adding your own labeling and branding. Products could range from candles to gym equipment or even tea, but all will come without labels, allowing you to create your own new range of merchandise. Most suppliers will advertise the fact they offer white labeled goods on their websites, so pick your niche and then find the right supplier and product for you. Once labeled, products can be sold via sites like eBay and Amazon, or from your own eCommerce store (discussed in a moment).
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. 
If you have a propensity for writing and you can slay with your prose, consider writing an ebook. While the market has certainly become saturated as of late, books that help teach people about a technical topic still sell extremely well. This is a great source of passive income but does require a large amount of effort at the outset before any money is generated.
×