Bill has over 20 years of experience as an entrepreneur and operating executive. Since joining Garage Technology Ventures in 1998, Bill has worked with his partner, Guy Kawasaki to focus on investing in early-stage information technology and materials science companies. Here's Bill's best business advice for young entrepreneurs who want to start a business for the first time:
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.
How much will you make? I think my best month with Google AdSense was almost $5,000 over the last ten years. That amazing month blew my mind since it was actually near the beginning of my blogging journey. When you go from making zero to $5,000 in a month, that will rock your world. For me, it also got me even more excited because I knew there were other ways to monetize.
If you possess a great deal of business experience and knowledge, why not create a business that helps aspiring entrepreneurs find success? You can use your skills to help new business owners get off to a good start and help experienced entrepreneurs keep up with demand. To show off your knowledge and skills and bring in clients, you can also write articles about business on platforms like LinkedIn.
Sign up for a reputable affiliate network: Aside from Amazon, there are dozens of large reputable affiliate networks, such as Share-A-Sale, Clickbank, and Skimlinks, that specialize in connecting you with merchants who are looking for affiliates to sell their products. They charge relatively low commission fees for the privilege of connecting you with merchants, and the merchants on these sites tend to offer much higher commission percentages or set dollar amount payouts.
“Nothing new”: This type of content is not necessarily of little value or involves plagiarism. Roundups, reviews, summaries — they all belong to this tier and add up value to initial materials, however, the majority of content is just the retelling of the same old story. The only thing that differentiates such posts from one another is how well they are written in terms of style and structure. So, if you need to publish a story on a not-so-fresh topic, pay special attention to the way it’s written.
Being in a position where you hold all the cards can be exhilarating. The knowledge that your decisions are final is very empowering, and many strive for such freedom. If a start-up can allow such people to go from being a regular employee to being in charge of making all the decisions, then it has already achieved all the success that it needs to.
Tony Zohari, BSc, MSc Business Administration, in mid 80’s Tony worked for TagNama Co. on design and implementation of the CQI system for the construction industry. After his study as System Automotive Technician at Wenstromska Institute in Vestrås/Sweden in early 90’s, he moved to Gothenburg, and continued his study at Tröllhattan University in Technical Production and Computerized System. While still at university on a work placement at SAAB he became involved in the development and implementation of JIT production & stock control system for the car manufacturing plants. In mid 90’s Tony went to Stockholm and studied at Frans Schartaus business school and graduated in Business Administration and then worked few years as bookkeeper and SME’s business consultant before travelling to London in late 90’s and specialised himself in marketing and new media. Tony started his career in the new media as early as 1998 when he worked for London International Education Foundation Limited on development of Online Learning System EDUCATOR. During his career he has worked with some of top brands, including MSN, ABB Group, Traffic Interactive, CITB, BBC, Ernst and Young, Toyota, Presentation Graphic and Presentation Services Group… Tony has many years marketing and production experience from various service industries and graduated form Stockholm University School of Business with an MSc in Business Administration. He has also received London Chamber of Commerce & Industry Diploma, and studied CIM.
If you are a confident web developer then designing your own themes is an obvious path to follow if you are looking to make money online. ThemeForest sells a wide assortment of developers themes, including themes for WordPress, Shopify, Weebly, and Tumblr, to name a few. Once you have created your theme, get it accepted onto the ThemeForest marketplace and make money each time it sells.

YouTube is the third largest site in the world, so there’s no surprise that video is becoming one of the main communication mediums for businesses of all types and sizes. If you have video filming or editing knowledge, it won’t take you long to build your clientele. Everything from video production workshops and video editing services to soundtrack libraries and DIY tutorials can appeal to the business world. Producing a video might be one of the most attractive online business ideas with lots of creativity and challenges.
There’s an excellent chance that you have one or several musical instruments sitting in storage that haven’t been used in years. Perhaps it’s a leftover from when you were in school, or even from your days playing in a band. Whatever the reason that you have it, it’s probably worth money if you can sell it. Brand-new instruments are ridiculously expensive, so people often look to buy used equipment instead, particularly if they are novices.
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:
The insights on the Econsultancy blog range from the entire digital marketing spectrum, and even dive into more specific niche industries. The resources they offer provide practical advice for brands to market themselves online in a way that follows best practices but also integrates innovative trends. When it comes to innovation and the latest and greatest in digital marketing, Econsultancy always has it covered. Whether you're B2B or B2C, or work in fashion or healthcare, Econsultancy offers advice for marketing that nearly any business can apply to their tactics to help reach their own objectives.
"The most painful mistake I see most inexperienced entrepreneurs make is not delegating tasks effectively. I actually came from a nursing background where bad delegation meant someone could lose a limb--or worse, their life. The nurses that didn't delegate would be busier, risking careless errors from trying to make up time by cutting corners. Business owners try to do the same thing."
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."
Sure, there are plenty of businesses offering social media consulting services, but you can stand out from the crowd by focusing primarily on networks that are still gathering steam with businesses. Facebook and Twitter are still the top networks, but businesses tend to struggle the most with more visual platforms like Instagram, Pinterest, Tumblr and Snapchat. All of these platforms have huge audiences, but many businesses don't realize how big they really are, how effective they can be and how to make them work for their niche. Snapchat has more than 158 million users per day, according to Business Insider. Instagram has more than 500 million daily active users, according to Statista, and Pinterest has more than 200 million. 
Starting up a business is by no means an easy task. If you want to learn how to make money online, you need to have good business ideas, but you also need a great marketing plan. The good news is with a domain and hosting, alongside some basic skills, your ideas can become a reality. Each of the internet business ideas below are competitive niches, so make sure you go in with all guns blazing!
Etsy: While Etsy's popularity has declined recently, it's still a great resource for selling handmade items online. No need for complex ecommerce sites or merchant accounts or any sort of automation. The company takes a commission of every sale and charges a small listing fee per item. But many still use Etsy as their primary source of income. The best part is that you can also sell digital products on here such as poster designs. 
The right approach can mean a world of difference in business. Part of setting up a long-term plan is knowing where the problem spots are, as well as which business philosophies work better for which industries. That's why having a strong group of peers and mentors is so important for leaders: An outside perspective, or someone who has already faced a similar misstep, can mean all the difference between struggling and finding success.
Why? Let's take a look at the numbers for a moment. Consider this: according to a report by eMarketer, digital ad spending in the U.S. will exceed traditional ad spending for the first time this year. By 2023, digital will surpass two-thirds of total media spending. Total digital ad spending in the U.S. will grow 19% to $129.34 billion this year -- 54.2% of estimated total U.S. ad spending.
As the name of this business hints, this blog is all about the customer and their experience with your brand. If you want tips and advice on improving customer engagement, email marketing, and smart copywriting, then Customer.io needs to land on your Feedly. They do things a little differently than many of the blogs on this list, with shorter articles that provide snippets of value for you to put into action straight away.
If you have graphic design skills then you could make money online by creating and selling your own design elements, like templates, fonts, graphics, and other assets. This is a great way to earn extra money and build up a portfolio of work, which could lead to you picking up freelance graphic design jobs. Websites like Envato Elements pay you a fee per element sold, which can become quite profitable if your work is popular.
Proz.com is a site where you can get paid to translate all kinds of documents, including files and even conversations. The site provides you with an opportunity to list your services as a translator. They offer opportunities in Spanish, German, Italian, Chinese, Arabic, Japanese and other languages, and specialize in legal, medical, technical and other fields.
“Start with 1 or 2 main channels of communication and publishing where you can be sending people. Experiment with other touch points that you know people are using. Those might be doing Facebook Lives, Instagram Stories, Snapchat, and layering on other ways of reaching new audiences such as Facebook ads, guest interviews, and strategic partnerships. Keep it simple and always be sending people back to the main channels.” – Anne Samoilov
The benefit to freelancing is that you can take a skill you already have and turn it into a business. You know how to provide the service, so all you need to learn is how to market it. If you're known for your skill, finding clients can be easy. You can turn your former boss into a client, access your network for referrals, and more. But if you have trouble, the freelance sites can be a good source to jump-start your business.  

KISSMetrics – Listed 11 out of 20 times. Mongst other, they bring you beautifully created infographics that contain the latest digital marketing tests, studies, and statistics. Recent fresh content published by them is about: (i) 6 Marketing Tactics You Can Use to Boost Email Subscribers, (ii) What Tinder Can Teach Us About Growth Marketing, and (iii) 5 Post-Purchase Email Campaign Tactics Worth Trying.
This is closely connected to the happiness of the customers. If the resulting product or service has made people happy by helping them solve a problem, that is all that may be required for a start-up to be a success. Now, no business wants unsatisfied customers. But in cases like this, happy customers aren’t the way toward the ultimate goal – they are that goal.
If you’re looking for inspiration, my friend Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
Selling digital products can be just as successful as selling physical products. Graphics, software, eBooks, design elements, sound effects, songs, and videos are just a few types of digital products that are in popular demand. So if you can turn your hand to creating digital products, let’s have a look at how you can make money online from this skill…

If my piece of content is so unique and valuable around hiking backpack recommendations, that other reputable outdoor websites are willing to link to it and build the page’s authority, then I’d have a very real opportunity to rank high in organic search for these search terms (meaning, my page will come up first when someone searches for hiking backpacks).
While Etsy is fantastic for handmade goods that you’ve already created, if you’ve got killer designs that would look good on phone cases, t-shirts, or even wall hangings, pillows, and duvets, you can sell them on Society6 without paying anything to start. Society6 lets artists upload their designs and create their own shops where they choose what products their designs can be used on. That means one design can be used to make a whole range of awesome products that are printed and shipped on demand whenever someone buys from you. With top creators making thousands every month just from selling their designs.
SEO, SEO copywriting, CMS management and Social Media management is no joke, and those are just SOME parts of internet marketing. It will cost you, but it’s gonna be worth every penny you spend. Just make sure that the one doing these services for you is a trusted authority and service provider. There are lots of cheap cheats out there who will suck your wallet dry. Don’t even think of getting cheap with your SEO.
"For goods and services specifically targeting women ages 18 to 65, [we] recommend companies utilize Pinterest," says Ria Romano, partner, RPR Public Relations. "Since women are inherently more visual than men when it comes to shopping online -- it's not just a cliché -- a picture really does speak 1000 words," she says. Indeed, "for every dollar a female consumer spends on our clients' products and services they find on Facebook, the same shopper will spend $3 on the same product or service on Pinterest."
If you have a good idea for an app, and the skills to create it, then producing your own premium app can be profitable. However, with so many free apps available, it may be hard to convince people to pay. If you want to go down the premium app route, consider having a basic free version to encourage people to download the app in the first place. You can then provide the option of upgrading to a premium plan once users realize how useful the app is.
The Hubspot blog is a must-read source of digital marketing news and analysis for any B2B company. Separated into 3 categories (marketing, sales, and agency) with an immense volume of insightful content, Hubspot sets the standard for inbound advertising content. If you market or sell to other businesses, add them to your RSS feed now or subscribe to receive email updates in your inbox daily, weekly, or monthly!
I like that your article pointed out that it’s best to make sure that your target audience will feel that you understand them to make sure that they will know the value of your products. My husband and I are actually interested in owning a small business in the future. We’d like our business to succeed, so we want to find a way to keep our clients and to appeal to more people. To be honest, we don’t know how we can do it, so we’ll get the help of a business consultant.
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).
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.

Also known as Logo Geek, Ian designs logos and brand identities for startups and SMEs. He also has over 80,000 Twitter followers and runs a popular social media group where he creates valuable resources for designers. Here's his best business advice specifically for freelancers, and for more check out his episode on my podcast about how to become a freelance designer:


In the same vein as an app developer, website development is in constant demand as businesses are always trying to upgrade and improve their websites to get more sales. This means that you can work on new and existing websites concurrently, and get to try new things all the time. If being constantly challenged is what you are looking for, a business venture into website development is the online business idea for you.
With stunning UX and an easy to navigate website, Digiday is the perfect go-to for all things marketing. Hang out on their website for a bit or sign up for their newsletter, Digiday Daily, which delivers top stories to your inbox each morning. This is my favorite option, as it pops up just in time for me to read an article or two before morning meetings. You won’t want to filter this one into your Spam folder.
Anyone considering a drop shipping business should seriously consider leveraging Amazon.com to grow their business and learn more about becoming a profitable Amazon seller, because Amazon is an established marketplace that people already trust and has an existing customer base. Eventually you should also considering having your own online store as well.
Secret Tip: Spend more time on your subject line than anything else; 64% of email recipients open emails based on the subject line, so it’s worth the extra time to craft one that will guarantee opens. And remember: subjects with 10 or fewer characters can see open rates of 58% or better, so keep it short and sweet. For help, see my article, “The Online Marketer’s Guide to Writing High-Converting Headlines.”

Hi Sean! Your article is terrific! Yes it is really important to look after these points. See, a businessman must know how to roam around the net. People are all over it, visiting every blogsites, giving articles, sharing each other’s links, and commenting about each other and these all leads to having a good camaraderie among business owners! Internet indeed gives us lots of opportunities.
Not to worry—online thrift shops and consignments stores, like thredUP, are just one model you can follow to achieve that goal. There are other businesses that crawl through sites like eBay to find cool, unique, interesting objects, then present them in compelling ways. Good copywriting and a strong brand can go a long way to separating you from the crowd here.

"By blogging at least twice a week, you significantly increase your website's ability to be found on search engines," adds Mike Lieberman, chief marketing scientist and president, Square 2 Marketing. "The more you blog, the more traffic your site will get from Google, Yahoo and Bing... [because] you are adding fresh content to your site [assuming your blog resides on your company website]," he says. And "if each of your blog posts includes a call to action, you might even generate some leads from your blog."
The quote above comes from a ConversionXL article by Tommy Walker titled How To Calculate & Increase Customer Lifetime Value. Walker states that many businesses focus on transactional customer value, and in doing so forget to invest in the post-conversion experience. He recommends determining customer lifetime value and improving customer experience by offering a better post-purchase experience. Walker says Internet marketers should view every customer interaction as an opportunity to improve loyalty, find ways to build habits around your product, make it easy for customers to connect and “incorporate customer feedback to improve everything from user experience to product features & design.”
With drop shipping, you’re effectively partnering with a manufacturer or wholesaler to sell their products. This way, you don’t pay upfront costs to buy inventory, aren’t sitting on unsold items taking up expensive warehouse space, and don’t have to deal with shipping the products yourself. You simply create your site, fill it with drop shippable products, and drive in customers, with almost everything else done for you.
If you have an eye for design and some experience of creating websites, then you could offer your services as a freelance web designer. You will need to create your own stylish website and have a few other projects that you can show potential clients to demonstrate your skills. You will also need to initially spend time emailing businesses to promote your services and find work.
Do you like finding interesting ways to decorate and want to share those ideas with others? Do you sift through magazines, clipping images, sorting them into make-believe rooms in your scrapbook wanting desperately to see these rooms for real? Become an interior design consultant and have people send you pictures, ideas, and dimensions to their rooms for you to decorate digitally for them. You can use the likes of a VR tool to pick furniture from real stores and choose a color scheme that suits the owner. The sky’s the limit with this role and creativity is in full flow.
The quote above comes from a ConversionXL article by Tommy Walker titled How To Calculate & Increase Customer Lifetime Value. Walker states that many businesses focus on transactional customer value, and in doing so forget to invest in the post-conversion experience. He recommends determining customer lifetime value and improving customer experience by offering a better post-purchase experience. Walker says Internet marketers should view every customer interaction as an opportunity to improve loyalty, find ways to build habits around your product, make it easy for customers to connect and “incorporate customer feedback to improve everything from user experience to product features & design.”

If you’re a software engineer, the perks of working at a startup or tech giant are pretty sizable, but if you’re more invested in flexibility, diversity of projects, taking on work at your own pace, and the freedom of being your own boss, then freelance coding is one of the greatest online business ideas around. Whether you’re into web design—an especially popular freelance coding category—or another kind of software development, it shouldn’t be too much of a challenge to find clients you’re interested in helping out.
Once you’ve enticed people onto your email list and warmed them up with great content, you can automate the entire process. Subscribers should receive a welcome email, a multi-message onboarding sequence, and an occasional “newsletter.” Every now and then, as circumstances warrant, you can drop in a powerful offer that they’ll already be inclined to go for.

The quote above was taken from Viral Content Buzz blog article, How to Find Your Blogging Style. Smarty recommends staying true to your voice, even as it develops and changes. She notes that there are times in the journey where your target audience may change as a result of your personal or professional shifts in focus, so regularly reevaluating your target audience is a must. Smarty also recommends blogging even in the face of burn out, which is inevitable for all writers. Instead of letting writer’s block stop you, try introducing a new series or different forms of content, such as podcasts or webinars. That way, you can take burnout as an opportunity to reinvent your creative pursuits.


Be professional. When you submit a résumé, don’t type it in ALL CAPS and please don’t avoid the caps lock like the plague. Know how to use it without looking incompetent. Write in complete sentences with proper grammar. Of course, there will be exceptions, but even with the exceptions, you must keep it professional. You’re building their view of you.
For young businesses, it is difficult to win the trust of clients because they are uncertain of the consequences. Maybe you will be able to deliver what you are promising, may you will not. They are not quite sure. In such cases, it is best to provide potential clients with a cushion of performance-based pricing model. Give them the confidence that they have nothing to lose if you fail to deliver, and that such a model is a guarantee of superior results. They would only pay when they receive the desired results or derive the desired utility. This method is not taxing on their pockets and leads to higher conversion rates.
Search Engine Journal is all about search engine marketing. If you are planning to create a blog and make money from that blog, then you cannot ignore the search engine. Your marketing strategy should be search engine oriented. Search Engine Journal will help to design such a marketing strategy. It covers the search engine updates including pay-per-click marketing, search engine algorithms, and other effective information and trends on SEO.

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.


Working hard is important, and you might not have the chance to rest every day when you first start out, but it is important to know when you are overworked. Many people who buy from youth businesses do so because of the youthful component of what they do, a component built on energy and a fascination with everything they are learning. That energy and fascination can burn out very quickly if you are not well rested and ready to go. This is not to say that you should slack off, but that you should know when you are at a limit and celebrate progress when it occurs.
There is difficulty in predicting earnings for entrepreneurs. However, Business News Daily, citing a 2013 study by American Express OPEN, reported the average entrepreneur salary to be $68,000, down from $72,00 the year before. The study also found that 15% of entrepreneurs work a second job, which suggests that these entrepreneurs are struggling to reach profitability.
Reed McManigle: Each of the examples you mention have been under development in universities for decades before becoming 'overnight successes'. The pace and breadth at which they are now being deployed masks the long history that led to this. I would put AI/ML and robotics at the top of the list of technologies 'whose time has come' in terms of corporate and investor interest.
The face of Moz, Rand Fishkin, has left the building… He’s moved onto new adventures and left behind the SEO blog that he made his own for so many years. As the trickle effect of his famous Whiteboard Friday videos comes to an end, there is a bit of a question mark over the future of the Moz blog. But it’s still an extensive library of resources for an SEO-focused digital marketer.
The sheer facts point to continued explosive growth of online ads. And we're still in the infancy of the internet. The earlier you capitalize on this industry, the quicker you can build it into a formidable online business. Study and learn all the intricacies of advertising on platforms like Facebook and Google. Find courses, or use the free material available from a multitude of platforms to become a seasoned pro. 
Almost every professional field requires this kind of research. Common types of data analysis include the following: regression, time series, panel data, experimental designs, factor analysis, principal component analysis, Bayesian analysis, etc. To find work as a statistical researcher, you may try the mentioned freelancer websites or simply set up your own and promote your services. Examples of the tools used to perform statistical analysis are Excel, Stata, MINITAB or Eviews.
×