It seems that nowadays the rage is to start and grow an online business and truly work from anywhere and live the "Dream Life".
In fact in the last few days I've had 2 different people ask me the best way to start an online business, and so that inspired me to write this blog post and share with you 5 ways to start an online business for under $1,000. (Some are very inexpensive)
I think a lot of people think that they can just slap up a website, do a webinar, or sell products on Amazon and money will just magically flow into their bank accounts.
That is very seldom the case. It takes work, skills, and time to grow an online business. Just like any other type off-line business, you need leads and customers or you don't have a business.
Now can you make it big in a short period of time? Sure you can but only of you take massive action and produce massive results. It won't happen overnight tho.
Cons: In order to make money you have to talk to people and get customers and recruit other teammates which takes sales and recruiting skills. Skills that can be learned and will probably benefit you the rest of your life!
You are on your own. There's no MLM team to leverage your time. You need online marketing skills
to learn how to drive traffic to your links.
Affiliate Marketing is very popular when coupled with a blog
and email marketing
. A lot of people start their own blog
, create a lead magnet to build their email list
, and promote an affiliate product as their way of monetizing their blog.
Works great if you do it right!
Creating your own products and selling them via an online website like Woocommerce
can be very rewarding as well. (I recommend Woocommerce for the most flexibility and customizability)
Some of the befits are;
: You need to learn how to get eyeballs on your offer. Whether you do SEO for your website or run ads, you need to figure out the best place to reach your ideal audience for the products you have to offer. Here's why you need more than a website to grow your business online.
4. Social Media Marketing
: This one takes skills that need to be learned, especially if you are going to run ads for other companies. Costs could be higher to in getting started, but the returns can be great! Neil Patel
has one of the most successful Digital Advertising agencies out there. Make sure you check him out if you are interested in starting your own agency.
5. Your own Products or Services
Can you teach something others would pay to learn? Create an online course for it!
Digital products (like courses) have no limit to how many copies you can sell. Create them once, and sell them for as long as people buy them.
Glad you asked!
We actually do 3 of these 5. We are involved and actively building an MLM online via the ATM system. (A modern day system to build an MLM using Facebook)
We do some affiliate marketing. Which goes very well with this blog. The 2 main programs we like best are;
1. Elite Marketing Pro
which teaches you how to attract people instead of chasing them
for your Network Marketing business, as well as how to properly build an MLM online like a professional
! Thank-you EMP! (They pay up to 70% commissions)
which is an email service provider for people that want to build an email list. They are one of the most advanced email service providers especially in the affordable price range. (They pay 30% recurring commissions and affiliate program is free to join) Click here to use our link to get Free 30 Day Trial of Aweber.
And we build websites/blogs
for people that are ready to take their business online. As well as teaching Facebook Ads
inside of a Facebook Group. (I didn't want to update a course every time Facebook makes a change)
So I guess you could say we have 4 streams of income. I do NOT recommend you trying to do more than 1 until you have that one established. Once you are successful with one type of business, you can add more.
Before that you are basically chasing bright shiny objects (distractions) and you probably won't get very far.
There you have it! 5 different types of businesses that you can build online and work from home or wherever you have an internet connection.
Wish you best of luck in your business endeavors and if there's anything I can do to help you, send me an email via the contact page
on this blog.
Shares and comments are appreciated!