You’ve stumbled into the right place!
I’m going to show you how to start a profitable online business. You can use this business to generate a healthy side income, or if you’d like, you can turn it into your full-time job.
Right now, we’re living through an online renaissance. Decades from now, we’re going to look back on this time period as that start of a dramatic shift in how we work, earn a living, and contribute to society.
I know I’m not the only one who’s seen it. If you’re reading this article, you have too.
Whether it’s blogging, podcasting, or ecommence, there are TONS of examples of beginners just like you who are absolutely killing it online.
This is first-generation wealth building. Many of these coaches, consultants, and entrepreneurs don’t have any kind of experience in business. Chances are, they went to college or post-grad for something completely different.
What’s more, they get started with very little money. I’m talking less than $2,000 to invest in the business.
Heck, there are even kids out there on YouTube earning six and seven-figure incomes.
With this post, I’m going to bring you up to speed on the easiest way to build a profitable online business from home.
There are MANY ways to make money online. You could start a Shopify store, sell on eBay, do drop shipping, try affiliate marketing, and much more.
Of all of the things I’ve tried, I’ve found that starting an online education business is the easiest and most profitable.
You can work from home, earn massive profit margins, and experience the rewards of knowing that you’re helping a community of students.
Also… it’s easy to get started. What do I mean by that?
1. Pick a topic that you can teach to others.
You’ve accumulated a lot of experience in life. You know things that other people don’t know.
Now a days, you can actually make money from that knowledge by teaching other people how to achieve the exact same results.
Every blogger, YouTuber, podcaster, and guru makes money from one thing: teaching!
They sell books, courses, events, and membership programs that are designed to bring students up to speed on a particular topic.
You can do the exact same thing. You just need to implement a proven plan that works!
Of course, you must also teach something that you’re knowledgeable about. However, by no means do you need to be an absolute expert.
You just need to be a few steps ahead of your students. In fact, if you’re still close to them in the “learning curve,” you’ll be able to educate them more easily. There wont he the “curse of knowledge” where you use unfamiliar jargon to explain topics.
Once you’ve picked the topic that you’re going to teach, it’s time to find your students.
2. Identify your “target market” or your ideal students
Once you’ve picked a topic that you can effectively teach to others, the next step in setting up an online business is finding your initial batch of students.
You’ll want to work your empathy muscles. Begin to put yourself in the shoes of others. Ask yourself:
- Who would want to learn this information?
- Why would they want to learn it?
- How do people learn it already?
- What are they willing to pay to learn it?
- Where do they find out about information and resources?
Answering these questions will help when putting together a blueprint for you online business. You’ll gain more confidence as you slowly start to see all the little pieces to the puzzle come together.
You can have the best products in the world, but if you aren’t selling them to the right people, then you won’t make much money.
Just think what would happen if you tried to sell summer dresses to a roomful of guys. Maybe one or two would buy it for their girlfriend, but the rest would look at you with funny looks.
The same would be true if you tried to sell men’s boxers to a roomful of girls. You wouldn’t get many customers.
You need to sell your product to people who already are aware of a problem that the product solves.
If you want to sell a high-ticket relaxation or yoga program, you wouldn’t try to tell teenagers about it. They might like yoga, but they likely don’t have the disposable income for an expensive program.
This sounds basic, but you’d be surprised by how often this mistake is made by beginning business owners.
3. Build an audience that you can sell to
The formula for making money online is very, very simple.
Build an audience, find out what they’re looking to learn, and sell them products that help them along this path.
The hardest part is the BIG hurdle that causes most beginners to give up on this whole “online business thing” and go back to their boring day job, which they hate.
If you haven’t already guessed, it’s the first part. The hardest part is building an audience.
How can you actually build up an audience of raving online fans that will buy your products, recommend your services, and become lifelong customers?
I’m going to give you a little secret that’s responsible for ALL of my online business success.
Are you ready?
Three words.
“But wait, do people still do that? Do they still blog?”
Of course!
Starting a blog was the best decision that I’ve ever made. You’re also reading THIS article on a blog that I started.
Starting a blog is the easiest way to attract an audience online. It’s the reason that every major online entrepreneur HAS a blog.
There are a ton of reasons that I could go into as to why a blog will put you above the competition, but this would end up being a really long post. Here are a few of them:
- You’ll get traffic from Google. Blogs are great for drawing in search engine traffic. People are naturally looking to learn things when they go on Google, and Google is happy to recommend a helpful article.
- You’ll build your email list. Once people realize you know what you’er talking about and that you have helpful content, they’ll want even more. They’ll subscribe to get more information from you.
- You’ll set up the foundation for passive income. The majority of the passive income that I make online comes from blog articles that I’ve written in the past. They continue to receive traffic and I continue to make money.
- You can re-purpose the content. My first ebooks were just a complication of my blog articles. People paid for the convince of an ebook format and the fact that I included some other bonuses.
- When you build an asset, you increase your wealth. Why? Because you now have something that you can sell. People buy and sell blogs on websites like Flippa. You can sell your blog any time you want and cash in on the work you put into it.
If you do nothing else after reading this article, I urge you to start your very first blog.
You can use this resource to quickly set up your blog for $3.49 per month.
You’ll thank me later. It’s a crucial step in forming an online business.
4. Create products and programs (or sell others’)
After you have your niche and your audience, it’s time to sell them products that will solve pain points they experience in their life.
The goal is to help people. Invest your time into making a great experience for your customers, and you’ll be paid back tenfold with epic testimonials.
There are a lot of different types of info-style products that you can create, including:
- Online courses
- Membership websites
- Premium ebooks
- Books on Amazon
- Online events
- In-person events
- Training & Coaching programs.
Over time, as you create more and more products, you’ll rake in even more revenue for your online business. You’ll build out multiple income streams and finally be earning a healthy income from home, helping people get results in their life.
Sounds epic, eh?
If you don’t want to get started putting together your own products and programs, you can also sell other people’s programs through affiliate marketing.
The concept behind affiliate marketing is simple. Whenever someone buys a product or uses a service that you recommend, you’ll get a commission for that sale.
The great thing is that you don’t have to worry about investing time making products or doing customer support.
Now… can you can see the value of building up an audience with blogging?
You can actually JUST make money with an audience. You don’t even need any products.
5. Re-Invest in Yourself, Tools, and Advertising
Lastly, once you do earn a bit of income online (and you will), be smart with it.
Don’t just go and blow it on restaurants, drinks, or nice fancy toys.
Instead, re-invest it back into the business. This is where the real growth will come from.
You should re-invest your profits according to this schedule:
1. Yourself. Seek out training programs, courses, and books that will help you succeed faster. I’ve read SO MANY books in my career. They’ve taught me different things including SEO, copywriting, podcasting, getting traffic, advertising, and more.
2. Tools. Tools will help you accomplish tasks more efficiently, increasing your overall output. Most of these will likely be software-related when you get started. As you grow, this could also include human resources, like a virtual assistant.
3. Advertising. Finally, as you begin to grow your business advertising will play an important role. This is more of an advanced subject, but it’s worth learning a bit about in the early stages. Unfortunately, it’s kind of like the stock market. You can make a lot of money when it’s done right. You can also lose a small fortune.
Now that you know the principles behind starting a biz from home, I gotta ask you… does this seem overwhelming?
I know it did for me.
It’s also scary when you look at all of the statistics online that show how the majority of new businesses fail within the first five years. Actually, a lot fail within the first year.
I want to make sure you are part of the “successful” tribe, so that you don’t waste time and money.
I want to save you from the anger, frustration, and sadness that comes with failure.
With the link below, you can join the waitlist for my upcoming comprehensive course on how to make money online with blogging.
I’ll show you EVERYTHING from how to get traffic to how to make money.
Before you know it, you’ll be able to work from anywhere, be it at home with your family or on a beach in Thailand.