Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
More importantly, though, when you learn how to implement some of these simple marketing methods, resources, tools, and strategies, you can use them as often as you’d like, without having to pay a middle man, every time you’d like to grow your business more efficiently. You have the control to keep a careful eye on what is working well and what doesn’t.
Many people fancy themselves as designers. If you have a unique idea for a new product then it may be time to get it designed. This can be a long process involving prototypes, discussions with factories, package design, and much more. However, the profits once the product is on the market could be substantial. And remember, with Amazon FBA, your products can all be stored and shipped by Amazon, giving you time to think up your next invention. Learn more about Amazon FBA with my How To Start An Amazon FBA Business Guide.
If you have a background in a specific field, you may find there is a demand for writing industry papers in your area of expertise. For example, there are often adverts for doctors, lawyers, nutritionists, and business experts from particular niches, to write white papers on different subject areas. These are well paid jobs that you will need to stake your reputation on, but that can often be worked on from the comfort of your own home.
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.
For example, Amazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger. Commission ranges from product to product and also goes up in stages according to how many products sales your clicks generate. The top commission tier is 8%. That adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission ( Home & Garden is one such product area with high commissions).
Writing copy for websites is another great freelancing option for those who have a way with words. Copywriting can involve writing the text for websites, press releases, promotional offline materials including leaflets and brochures, and any other professional text for businesses. While writing blog posts is well paid it won’t make you as much money as writing copy for sales pages. However, clients can be more fussy, as they want the highest quality writing for the forefront of their website or advertising campaigns. Many freelance writers offer both copywriting and blog writing amongst their services. This can be a good way to juggle regular but lower paid clients (blogging) with the higher paid but ad-hoc project based copy work.
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.
Survey Junkie is another popular online marketing and survey site, and they’re also a great option if you’re looking for ways to make money online. Survey Junkie lets you complete offers in exchange for points which can be redeemed for awesome rewards such as cash, gift cards, and more. All you need to do is fill out some basic information and you can get started completing offers right away.
Is there a product or service that you are particularly enthusiastic about? If you are, you may be able to develop a website that is built around selling it. You don’t have to be the actual provider of the product or service either. There are many businesses that offer these products and will allow you to sell them on an affiliate basis. For example, you may be able to sell a product on your website for a commission of 20% or 30% of the sale price.
Even if every single class I’ve ever taken applied to entrepreneurship, which I can assure you is not the case, it’s hard to take what we learn in a classroom and apply it to the world around us. I learned more in my first week of trying to come up with a business idea than I did in at least half of the classes that I took throughout my high school career – for many young people this is the case.
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.
Heidi Cohen is the president of Riverside Marketing Strategies and founded her popular marketing blog, Heidi Cohen’s Actionable Marketing Guide. The quote above comes from her article, Internal Content Curation: What Most Marketers Miss. Cohen recommends performing internal content curation to save on content creation costs and build your audience for each piece of content. You can extend the use of your existing content by re-promoting it (via social media or other channels) or re-using it by adapting it into different formats that can be shared on different platforms.
Unlike freelancing, though, this is a bit of a tougher nut to crack. It’s not as easy to have a predictable stream of revenue until your app is already out and selling, and by then you’ve already put in a lot of time and energy. You’ll want to be sure that there’s a market out there for the product you’re creating—and that people are willing to pay for it.
Entrepreneurship is a challenging but rewarding path to take and you have highlighted some great tips here. I agree with your point that to be a successful entrepreneur you need to work smarter, not harder. I believe that working smarter is all about hiring the right team and delegating responsibility. Think about it this way. Today’s entrepreneurs are working with the ‘Millennial’ generation, those born after 1980 and before 2000. These people are digital natives who have very different ideas around what they look for in their leaders, compared to the ‘Baby Boomers’ generation. For example,‘Millennials’ look for their leaders to be strategic thinkers, inspirational and have strong interpersonal skills. Millennial’s will make up 50% of the global workforce by 2020, so entrepreneurs really need to tap into their younger employees and involve them in company decisions.
Instead, take the time to come up with original content for them, all of which is relevant to the content on your main blog. In each article, make references back to your main blog and provide SEO optimized links back to the articles on your business's main Site. Doing this effectively can move your company's site up the Google ranks to the front page. It's like having a fleet of ships out there, rather than just the one.
When I began to think about my next business venture, I realized my passions had shifted, and that I was fueled not only by affecting positive change, but also by my family. Family inspires me to work harder, be better, and push through any roadblocks that may come my way. It has become the foundation of my current company, Picniic. Find the thing that motivates you to get up and work every day, and make it the core of your business.
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.
If you're at all interested in starting your own online business, there's no time like the present. We live in a golden age of wealth. As much as the media tries to glorify the perils of our society, we actually live in a time that's ripe with opportunity and the potential for monumental business growth at a scale never before experienced. Thanks to the internet and smartphones, the amount of commerce being conducted online has experienced explosive growth.