5 Key Facts You Should Know About Starting An Online Business

Jon Allo May 9, 2015 2
5 Key Facts You Should Know About Starting An Online Business

The set up costs of starting an online business are considerably lower than starting a conventional business. You don’t need to pay rent for a physical building, wages for staffing and buy expensive inventory and equipment. But is it all plain sailing?

Here are 5 important facts you should know about starting an online business:

Entrepreneur, success, money, motivation, inspiration, wealth, cash, investing, quotes, billionaire, career success, mindset, innovation, attitude, focus, skills, attraction, law of attraction, prosperous, abundance, business, net work, bio, story, grind, company, hard work, determination, goal setting, self growth, self development, personal growth, personal development, greatness, learning, financial, Mark Cuban, change, dream, videos, startups, millionaire, life, effective habits, opportunity, reading, failure, failing, persistent, progress, get rich, riches, how to make money online, how to be successful, how to reach your maximum potential, psychology, how to build your personal brand, how to meditate, meditation, living a radiant life, how to accomplish your goals, how to achieve your goals, how to create your own destiny, how to increase your productivity, how to be productive, energy, powerful, confidence

Via JohnChow.com

1. You Will Need To Sell Something

It might sound obvious, but when you are starting an online business you will need something to sell. It can be a physical product that is actually delivered to somebody’s front door or a digital product that the buyer downloads to their computer and can use as soon as they have purchased it.

You can create your own product or you can sell somebody else’s product and earn a commission on what you sell.

2. You Need To Be Enthusiastic About Your Business

Whatever it is that you sell you need to be passionate about it. The business that you choose to be in should be something that you know you’ll be interested in for a long time and be willing to accept that not everything will always go according to plan.

If you’re willing to quickly give it all up at the first hurdle your online business ideas will never become profitable.

Entrepreneur, success, money, motivation, inspiration, wealth, cash, investing, quotes, billionaire, career success, mindset, innovation, attitude, focus, skills, attraction, law of attraction, prosperous, abundance, business, net work, bio, story, grind, company, hard work, determination, goal setting, self growth, self development, personal growth, personal development, greatness, learning, financial, Mark Cuban, change, dream, videos, startups, millionaire, life, effective habits, opportunity, reading, failure, failing, persistent, progress, get rich, riches, how to make money online, how to be successful, how to reach your maximum potential, psychology, how to build your personal brand, how to meditate, meditation, living a radiant life, how to accomplish your goals, how to achieve your goals, how to create your own destiny, how to increase your productivity, how to be productive, energy, powerful, confidence

Via ArtfulThinkers.com

3. You Must Resolve A Problem Or Make Something Easier

You must have a clear focus on your target market and how your product or service will benefit them, resolve a problem for them or make their life easier. Before you commit time, resources or money in a product or service make sure that someone wants it!

4. You Will Have To Automate Some Tasks

Your online business can operate 24/7 but this does not mean that you have to sit in front of your computer all the time. There are many different software programs that will do tasks for you.

The first to consider is an email autoresponder. It allows you to instantly respond to enquires at any time of the day or night, attract new customers, keep and build relationships with existing ones and up-sell or cross-sell your products and services, even while you are asleep!

Entrepreneur, success, money, motivation, inspiration, wealth, cash, investing, quotes, billionaire, career success, mindset, innovation, attitude, focus, skills, attraction, law of attraction, prosperous, abundance, business, net work, bio, story, grind, company, hard work, determination, goal setting, self growth, self development, personal growth, personal development, greatness, learning, financial, Mark Cuban, change, dream, videos, startups, millionaire, life, effective habits, opportunity, reading, failure, failing, persistent, progress, get rich, riches, how to make money online, how to be successful, how to reach your maximum potential, psychology, how to build your personal brand, how to meditate, meditation, living a radiant life, how to accomplish your goals, how to achieve your goals, how to create your own destiny, how to increase your productivity, how to be productive, energy, powerful

5. You Will Need To Build A List Of Customers

If you ask any successful online entrepreneur what is the most important element of online business, he or she will always mention the task of building a list of customers.

The reason is that when somebody visits your website or sales pages it is doubtful that they will buy from you there and then. Therefore, by obtaining their email address, often in exchange for something of value for free (like and eBook, report or video), you can remain in contact with them via email. Statistically, a prospect has to see your messages 7 times before they will commit to buying.

Regardless of your age, education or technical skills there are no specific requirements for being a successful online entrepreneur.

Article Source: http://EzineArticles.com/?expert=Jon_Allo

Photo Cred: StartOfHappiness.com

2 Comments »

  1. avatar
    Nick May 9, 2015 at 4:40 pm - Reply

    Great helps alot.

  2. avatar
    Zana May 15, 2015 at 5:39 pm - Reply

    This site is amazing! I really believe you will meet your goal before age 35. Thank you for confirming I’m on the right track with my business. Everyone needs to get healthy and I can help them.

    All wishes of abundance and prosperity I’m sending to you,

    Zana

Leave A Response »