If you’re willing to take on some risk and have the heart of a true hustler, you can make extra money online doing commission-only sales for startups and other businesses. While you won’t be getting a regular salary, with the right sales strategies and skills as an inside sales rep, you can make decent money for each sale you bring in. And because you’ll most likely be working with startups, if you can negotiate a little equity you could profit big time if you're pitching a solid product and the startup succeeds.
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.
Once you have a thorough profile of your customer, determining how and where to reach them is much easier. This step may take awhile, and that’s OK. If you start marketing before you have a clear customer profile though, you will likely be wasting your dollars in places that will never reach your customer. Just because Pinterest is growing rapidly, doesn’t mean your audience is the one making it grow.
Freelancing via the Internet is a great way for experts in their individual trades to help a variety of clients overall. Several freelancing and project-based websites let businesses that need extra help to list their projects. Small businesses and freelancers offer proposals, ideas, or bids, whereby the buyers can easily choose what they want and need. Sites like Elance or Upwork cover just about everything including writing content, creating graphic design, programming, and data entry.
2. Load up on data, and do it quickly. "Facebook advertising can deliver the cheapest CPM's in online marketing with the ability to test ad efficiency in real-time. Use the power editor "duplicate" tool to create hundreds of ads and change one element per ad. Give these a small budget, and you'll quickly see what works and what doesn't without breaking the bank. Double down on the ones that work, and kill the ones that don't."
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do content upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you'll eventually reap the rewards.
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.
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.
This is one of those online marketing tips that should be a given but some businesses still don’t have a Google My Business account. When you search for your favorite restaurant on Google there’s a bunch of information that comes up on the right hand side of the search results page. It displays the businesses’ address, phone number, hours of operation, photos, questions and answers, and even customer reviews.
If you have the next Harry Potter manuscript sitting in your drawer and the publishing industry hasn’t been kind to you, try self-publishing. Using tools like Amazon’s direct publishing or working with dedicated consultants like I_Am, you not only get the satisfaction of pushing your work out there but also retain 100% of your royalties! Don’t think you can write a good novel? Then stick to what you know – self-help is a money-making genre!
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.
Posting a video on a social media platform is an easy way to showcase your product and how it works. Video ads generate more engagement and higher click through rates than traditional static advertisements. They also allow your potential customers to understand your product or service before they land on your site. With videos, customers are better informed about your product or service which can lead to higher conversion rates.
Entrepreneurs need many tools, skills, and traits to maintain a business, and one of the most important things they can do is to maintain positivity. No, this doesn’t mean happy-thinking your way to a successful business, it means keeping an attitude of positive thoughts, even when times are down. When something goes wrong, a negative-minded person would dwell on their failings and maybe call it quits, while a positive mind will look at the failure to determine what went wrong and how to fix it.
"The most painful mistake I see entrepreneurs make is launching before learning. For example, you may decide you want to launch a marketing consulting company, so you hastily make a website, content and reach out to people, but you haven’t yet figured out who your target clientele is. What people actually need help with or what you're specifically good at. So no one bites."
Tony is an entrepreneur, best-selling author, philanthropist and the nation’s #1 life and business strategist. A recognized authority on the psychology of leadership, negotiations and organizational turnaround, he has served as an advisor to leaders around the world for more than 38 years. He's also the author of five internationally bestselling books, including the recent New York Times #1 best-seller MONEY: Master The Game. Tony has empowered more than 50 million people from 100 countries through his audio, video and life training programs. Here's his business advice for aspiring entrepreneurs who want to start a business:
Carnegie Mellon has one of the most successful technology transfer records in the country and invests heavily in helping its students and faculty bring research to the marketplace. Through vehicles like the Center for Technology Transfer and Enterprise Creation and Project Olympus, an on-campus incubator, CMU is helping students blaze the notoriously treacherous path from thrilling research and bright idea to marketable product.
Your marketing strategy will never be successful if you do not have a clearly defined audience. Before you spend a dime on marketing, figure out your target market first. There’s no need to pay top dollar to hire a fancy market research firm. If you know your product, you should be able to figure out your market yourself. For example, who will be most interested in your product? Men or women? What is their age group? What are your customer’s interests? What is their likely financial situation?
As a bookkeeper, you are responsible for keeping track of the company’s spending to ensure that business’ financial accounts are in good order. In practice this means processing invoices, receipts and payments, completing VAT returns, identifying expenses on bank statements, repairing cash flow statements, helping to prepare financial statements and producing management accounts. Some of the most popular accounting software programmes are Sole Trader, Xero or Quickbooks.