5 Steps to building an online Business
With the ever growing internet and social media its only reasonable to think that more business opportunities are opening. Successful entrepreneurs such as Mark Cuban, Elon Musk, and Peter Thiel got their start with online businesses. An online business offers an unparalleled opportunity to run a business worldwide with only a laptop and Internet connection. Most people get fooled by people who are looking for traffic or views to their websites ,who write or do videos telling you how to start an online business and make $1000 dollars in your first 7 days. Starting and growing an online business, however, is easier said than done, most probably you won’t make any money in your first month at all.
There is a proven sequence of steps you can follow to guarantee your success when you’re starting a small business online. I’ve seen thousands of people start and grow successful businesses by doing the following:
1.Find a need in a niche and fulfill it.
Finding a need in a niche might be a challenging thing to do for you but l will show you how to do it. First you have to think like a customer and ask yourself “what challenges do l face regularly in this ‘niche’ ” and also ask other people the same question. The challenge with the highest frequency now becomes an unfulfilled need in that niche :
2. Learn about entrepreneurship.
This is the most important step in building not only an online business but any other business. Most people want to get entrepreneurship without any knowledge of entrepreneurship, trust me guys you will be planning to fail. Firstly you need to know the real meaning of the word entrepreneur . Secondly you need to see if you have the qualities of an entrepreneur
Then lastly you need to know what you are getting yourself into, know all the challenges you are going to face and prepare to tackle them.
3.Create a product or service that will fulfill that need.
Now that you have learnt something about entrepreneurship be innovative while thinking like an entrepreneur and create a product or service that will fulfil those consumer needs. Thinking like an entrepreneur will help you to create a product or service that is sellable on the market.
4. Build a website.
Since it’s an online business you obviously need a website. If you are not a technology person this step might be overwhelming to you so find and pay someone to build it for you on upwork.com. Please note that you have to keep your website simple, easy to navigate and professional.
5. Market/advertise your business.
Pay-per-click advertising is the easiest way to get traffic to a brand-new site. It has two advantages over waiting for the traffic to come to you organically. First, PPC ads show up on the search pages immediately, and second, PPC ads allow you to test different keywords, as well as headlines, prices and selling approaches. Not only do you get immediate traffic, but you can also use PPC ads to discover your best, highest-converting keywords.
Also use social media to drive free targeted traffic to your website. There mare many social media networks but l will let you choose the best for your niche and you can also pay some to handle your business’s social media account.