Start Your Own Online Business [And Why You Need It]

The free information on the internet makes it easier for us to find thousands of opportunities to earn money online. 

Unfortunately, almost 99% of the opportunities you can find online are scams, craps, or programs that are not designed for ordinary people. Speaking from experience, I have tried a lot of online business opportunities, and believe me, relying on a business that you have no direct control about can be very risky. 

So, if you are seriously looking for real and legit ways to earn money online, you definitely need to start your own online business. Why? Simple. It’s yours. It’s a scam-free business. You control everything. 

Welcome to today’s topic: Start Your Own Online Business [And Why You Need It]

Before we get started with the steps in building your own online business, let’s talk about why you need it in the first place. 

Here are the 5 most important reasons why you need an online business. 

Worldwide Accessibility

What’s most amazing about an online business is the worldwide accessibilities and it runs round the clock 24/7. So, building an online business is building a passive income stream that generates income even while you sleep. 

An online business has no boundaries and geographical limitations. So, your market is not limited to your own location compared to a traditional brick-and-mortar business. 

And even if you currently have a traditional business, an online presence is definitely a must to reach more local customers. Targetted customers on specific regions, states, and countries are definitely just some of the things you can do too. 

On the other hand, you don’t need to have a traditional business to succeed in an online business. 

Amazing Scalability 

Building an online business is not an overnight success. Neither a traditional business. A traditional business is bound to the success of finding defined and local customers while online businesses have the advantage of reaching the whole world.  

The most amazing part of an online business is that it can generate a passive income stream. With the right automation setup, you can build as many online businesses as you want. 

Automation setup? Yes, you read it right. You can definitely do this with an online business. 

Work Freedom 

Another beautiful thing with an online business is the freedom it offers. The modern technology has made everything possible to work anytime and anywhere. 

As I write this post, the Covid-19 crisis and worldwide lockdown have forced the private companies and the government agencies to implement a work-from-home policy. People around the world are actually being forced to learn different platforms – even the senior employee, to keep their job and sustain the company services.

So, if you are one of those who lost their jobs due to the crisis, then, take advantage of your time to learn new skills and build your own online business. You have to learn a lot of online tasks anyway even if you still have your jobs today.

And talking about online skills, they are the most priceless skills in any workplace today. You definitely increase your self-value in doing so.

Why do you need your own online business for freedom? You don’t need a boss to dictate what you need to do every single day. You decide and control everything. 

Very Low Investment 

Starting a traditional business requires a huge investment – building, office equipment, and furniture, main inventory, managing employees, and the daily and monthly operating expenses. The online entrepreneurship has eliminated this hurdle. 

While a lot of people get started free with their online business, you definitely want to invest in yourself to learn how to do things right. 

The truth is you can not succeed without spending and investing a dime in yourself and in your business. All the free information you can find online is of no value. That’s why they are free. 

For example, if you build a business base on a free subdomain – you will be missing all the traffic and advertising income you could have generated for your own domain. 

Below you can find which platform can give you the most affordable ways to your training while building your business at the same time. 

Financial Freedom

Financial freedom is the last one I want to point out. This is the number one priority in building your own online business. 

Being an employee will limit your income potential. You can online work a limited number of hours a day, you need to actively work to earn money. 

Building a business that generates income even while you sleep will bring you to the gateway of financial freedom. If you want to achieve financial freedom, you definitely want to start building your own online business and earn unlimited income. 

Don’t get overwhelmed with the massive work it needs to be done. The work you do today will pay you off for the rest of your life. 

With the right commitment to your success and the determination to achieve it combined with massive daily actions, your financial freedom is just right at your fingertips.

How To Start Your Own Online Business 

This is the most exciting part. Becoming an online entrepreneur and building your own online business.

Are you ready? 

These are the actual steps in starting your own online business: 

1. Setup Your Business
   1. Decide which products or services
   2. Register Your Business according to your country or state’s law.
   3. Register Your Domain
   4. Get web hosting services
2. Create Your Website
   1. Choose a platform 
   2. Create contents 
3. Promote Your Business
   1. Drive free traffic to your website (SEO)
   2. Social Media engagements 
   3. Paid Ads
4. Monetize your website
   1. Sales 
   2. Sales Commissions
   3. Advertising Revenue

Sounds easy or overwhelming? 

Don’t worry. These are the real steps that you actually need to succeed in this business.

Step 1: Building The Right Mindset

Having the right mindset is the most important thing in this business. The first step you need to take is building the right mindset around it even before you get started with your business. 

Why is this so important? Anybody can build an online build but not everybody succeeds. 

People think that an online business is a quick fix business. No capital require. And If you just post on social media every now and then, it will generate income. This is not how it works. It’s just a very little part of it. 

Human in nature wants to see results immediately and when they don’t see results, they quit. 

Here’s the right mindset to have.

• Accept that an online business needs massive actions and you will not get rich overnight. 
• Have the right perspective for your business. 
• All businesses face challenges and take them gracefully. 
• Success happens to those who have the right commitment and determination.
• Success happens to those who work hard for it.  
• Successful people never give up 
• Successful people never stop learning
• Successful people don’t make excuses

Step 2: Getting Started With The Right Training

When I started learning the online business world back in 2009, I wanted everything free. I researched, read, and watched every material I could find relevant to online business. 

The results? Confusions and I wasted a lot of time. Years of delayed success. 

Don’t do the same mistakes I did. I thought I could be successful by doing everything on my own. Yes it’s your own business and you decide and control everything but if you want to achieve your goals, you need the right training and do everything right from day 1. 

Believe me, this will save you sweat and tears. Nothing can be more comforting than knowing that you are doing everything right and you have all the support that you need. 

Final Thoughts

There is no more than perfect timing for you to get started with your own online business than today. Whichever stage of life you are into, today is your marking day for success. The more you wait, the more delaying you do for yourself. 

If owning your own business is one of your plans, get started as soon as possible. The old websites have more advantages than the new ones. So, the sooner you get started, the sooner your business starts to grow its online roots. Like a seed planted in good soil, it needs time to grow and bear fruits. 

There are different kinds of online businesses. The most popular ones are dropshipping and affiliate marketing. I have tried the dropshipping. It requires more work than affiliate marketing when it comes to administrative work. Affiliate marketing is the most passive online business today. 

Affiliate marketing business has made many people a huge fortune while some are earning around $5k-$10k/month. And this is what I’m doing. 

There many reasons why you should use this concept to earn a full-time income from home. And these were my reasons when I started with this business. 

• I can sell any product I want on the internet 
• Unlimited earning potential 
• No face-to-face or direct selling
• No face-to-face rejection
• No networking
• No recruitment
• No inventory
• No administrative work
• Very low investment 
• I can work entire just with my laptop and internet. 
• I am my own boss.
• Scam protected
• I can build as many passive income streams as I want

So, if you are a shy person like me that is not a fan of product demonstration or presentation, public speaking, and certainly not a fan of recruiting your families and friends just to earn, then this is the best business for you. 

This is the end of today’s topic: Start Your Own Online Business [And Why You Need It] 

I honestly hope that I have awakened your will power to take action towards your goals and get started with your journey right from the first day. 

(Cover image credit: Karolina Grabowska, Pexels)