Friday, September 13, 2019

online businesses you can start with little or no investment - Small Business Trends

online businesses you can start with little or no investment - Small Business Trends


online businesses you can start with little or no investment - Small Business Trends

Posted: 27 Aug 2019 12:00 AM PDT

Want to become a solopreneur?

There are so many options for hustlers and dreamers that want to forge their own unicorn path.



Online Businesses You Can Start

Here, I rounded up 10 ways to start your own business right now — with no backing or VC capital required.

1. Chatbot Marketing Consultant

Facebook Messenger marketing and chatbots are the future of marketing communications.

Messenger offers unprecedented open rates (80% on average!).

Businesses want in on the action, but there's a learning curve — and that's where chatbot marketing consultants come in.

If you can develop an expertise in Facebook Messenger marketing and chatbot building, there's no limit to what you can do for businesses.

The first step is taking a deep dive into Facebook Messenger and setting up chatbots.

With a tool like MobileMonkey, you can get started for free — build bots, watch tutorials, read guides and hone your craft.

Knowing how to harness the power of a chatbot like MobileMonkey is an invaluable skill for a digital marketing looking to break out into a specific and lucrative niche.

2. Affiliate Marketer

Whether you're a business, content creator, or influencer, affiliate marketing is a valid channel.

Once you have a significant audience, you should be able to push calls-to-action that may get some conversions.

Affiliate marketing lets you partner with a company in pushing their products and services through your content.

You can promote their business with promo codes or affiliate links that your audience can then use to buy from them.

Whenever those codes or links are used, you get a percentage of that sale in exchange for that conversion.

The more people you're able to promote that business affiliate to, the more customers they get and the more you earn as well.

Affiliate marketing is a great addition to any online effort with a significant audience or community.

3. eBay Seller

Ecommerce and online retail has never been better, with tons of options available for anyone looking to start.

eBay is the usual go-to for a good reason, as it doesn't have a lot of speed bumps for new users.

You can become an eBay seller with little to no startup cash by selling stuff you find in your closet or attic that you no longer need.

You'd be surprised just how much money you can make by merely flipping old stuff you could've just left in your house for decades.

After all, one person's trash may be another person's treasure, and that's certainly true in ecommerce.

While you can technically do the same with an old-fashioned yard sale, you can reach more people online.

If you're selling new stocks instead of old things, you can do it just as easily on eBay.

You put in your product listings on your account and not have to worry about a physical storefront.

4. Social Media Marketing Consultant

If you're a social media marketing savant, you can make a living advising companies on how to use social media as a whole to market their businesses.

You need to be knowledgeable in all the major social networks and how companies can thrive in each, from both a paid and organic standpoint.

Develop a portfolio of impressive results, market yourself and commit to constant education in this ever-changing space.

5. App Developer

If you're a programmer with proficiency in mobile app development, you can make your own apps.

This is especially lucrative if you happen to come up with an app that innovates or does something new.

If not, it can still be profitable if the app does something better than existing apps.

App development does depend on being able to come up with a good app that people will want to pay for.

Mobile app marketplaces like the Apple App Store and Google Play Store make it easy for developers to sell their apps.

6. Airbnb Host

If you have extra space in your home, then you may want to use that to provide accommodations for travelers.

Renting out your space can add a significant boost to your monthly income.

All you have to do is keep the space clean and organized, and boost your Airbnb profile with great pictures, a thorough description and stellar reviews.

If you're worried about risk, rest assured — Airbnb insures homes up to one million dollars for personal injury or property damage.

7. T-shirt Designer

Starting an online t-shirt business has a fairly easy point of entry as t-shirts are cheap to source.

They also have universal appeal and are simple to customize, especially if you happen to have good ideas for designs.

It's best to choose a particular niche you can sell your t-shirt designs to and come up with your designs well in advance.

You can then source your t-shirts, making sure to have different sizes and colors your customers will want.

Selling t-shirts online is a fairly competitive field, so be sure you have a market you can sell to before going into it.

8. Online Business or Creative Tutor

If you have expertise in a technical or creative field, then you can do online tutorials as a business.

It can be either offering private tutoring to clients or putting up an online tutorial course for in-depth learning over the Internet.

You choose a niche where you have expertise in, then do research to understand how to relay that information.

Compile a syllabus of lessons for what you're teaching to have a reasonable progression of learning.

Then you bring together the tools you'll need to do the online teaching method of your choice.

If you're doing private online tutoring, an online video conferencing software like Skype should suffice.

You may also use a cloud storage service like Dropbox to provide lesson materials at any time.

If you're putting together an online video course, a video camera or webcam with a microphone for quality audio is necessary.

You may also use something like video editor or a desktop recording software to add presentations and put it all together.

9. Stock Photographer

If you have a camera and adequate skill in photography, then you have the option of taking and selling stock photos.

There's always demand for high-quality stock photos for things like video production, web content, advertising, and so on.

This makes stock photography a good source of income for photographers, especially those who know how licensing works.

Sites like Shutterstock let photographers take a cut for stock photos downloaded by users who pay a monthly subscription fee.

The more an image is downloaded in such a service each month, the more you earn from your cut.

You also get to keep the rights for the stock photos you've taken, as long as you distribute them through proven means.

10. Online Recruiter

There will always be companies in need of skilled and talented workers under their employment.

As an online recruitment agent, you can help job seekers find employment in reputable companies for their niche.

You must first choose your niche, preferably in an industry you know and have experience in.

Then you draw up a business plan for your own online recruitment agency and register your business.

You then find clients who are willing to let you help them look for jobs, which you can do through various online channels.

The applicants must be pre-screened and checked for their credentials, qualifications, and required paperwork.

Most recruitment agencies charge a one-time fee based on the candidate's first-year annual salary.

Once you get the hang of it, you should be able to establish yourself as a reputable online recruiter.

Image: Depositphotos.com

More in: 1 Comment ▼

How Men Can Promote Their Businesses With the Help of Internet - The Good Men Project

Posted: 13 Sep 2019 04:05 PM PDT

Since the online environment provides a wide range of strategies to promote a business, men carrying a business activity have to adapt to the constant changes that appear as numerous advertising solutions were not available in the recent past.

With the rise of the internet, more and more entrepreneurs have decided to expand their business activities in the online environment. This can be an important business strategy, considering that in June 2019 there were more than 4,4 billion internet users globally.

In order to enter the online business market, it is vital for entrepreneurs to have a website that is customized in accordance with the specifics of the respective business (an online store, a website used to present and promote the company's operations, a blog and so on). For this, investors may purchase a domain name in a preferred jurisdiction (which can be the country of residence of the businessman or a foreign jurisdiction). Prices for a domain name vary greatly; for example, when opening a company in the Cayman Islands that operates as an online business registered with the local domain name registrars, the domain name registration fee is $39.88, while in Ireland, it depends on the selected domain name (the .eu domain name starts from EUR 5.95, while the .ie domain name starts from EUR 14.95).

At the moment, the internet is comprised of 1.95 billion websites of all types, that belong to natural persons or small/large companies. A large proportion of the businesses registered at a global level are started by men, who were traditionally involved in the business environment, but the last decades have had a positive impact on businesses registered by women. Still, the statistics show that approximately 70% of all the companies incorporated global level are founded by men, especially in fields such as construction, high-tech or manufacturing.

The manner in which a businessman should promote his company will depend on a set of factors, such as:

  • the business sector in which he operates;
  • the target group to which the company's products/services are addressed;
  • the capital he can invest in promoting the business.

The most successful strategies for promoting a business online.

Since the online environment provides a wide range of strategies to promote a business, men carrying a business activity have to adapt to the constant changes that appear as numerous advertising solutions were not available in the recent past. For example, a business can be promoted on the internet using social media, employing SEO methods, creating an online community or by using the promotion methods provided by search engines. Branding the business is also a recommended strategy as this will provide a simpler opportunity to reach possible clients.

Such strategies can be used even when developing a business as a single businessman. For example, men who are lawyers, doctors, dentists, photographers, and similar professions can carry a business and they can easily promote themselves in order to gain leverage from the advantages provided by the internet.

This content is sponsored by Bridgewest

Photo: Shutterstock

The Online Future of Entrepreneurship: A New Age - Business 2 Community

Posted: 13 Sep 2019 12:32 PM PDT

The omni-presence of the internet has evolved the way that entrepreneurs are approaching the business world. More traditional industries have meshed with the technology of the modern age and assembled virtual offerings of all kinds, bolstered by their direct connection to communities of consumers all through the same digital platform. The latest estimate is that up to 65% of primary school aged children will one day have careers which don't exist today, in industries which might not exist yet. The concept of entrepreneurship is steadily adapting and changing to meet the demands of the new technological dawn, and the internet is the catalyst.

Recent statistics suggest that a new age of entrepreneurship has come about due to the increased exposure of business leaders to potential consumers and ideas via the web, in a refreshed version of networking. WIll the online "movement" be the new medium of choice for business entrepreneurs of the future?

Why The Internet?

Along with the popularization of the internet, there are multiple other factors contributing to the concept of online entrepreneurship, such as the growing demographics of millennials in business, and particularly startup culture. Other contributing factors include a changing economy, with less stability found in traditional job sectors and the higher cost of living. With full audiences of engaged consumers spending more time online, there are abundant inspirations and opportunities for entrepreneurs to get direct exposure to what consumers want and break new ground.

The meteoric rise of social networking websites have also created unique data sources, and inspiring innovation and modern entrepreneurs have their fingers on the pulse. Internet-based models for businesses are lowering barriers for entrepreneurs to global market entry, allowing more individuals to create businesses of their own.

Entrepreneurs of the New Age

The growing pace of online businesses could have another radical effect on the new age of entrepreneurship. Entrepreneurs are not only starting younger, but are also coming from more diverse backgrounds and sectors which are not traditionally associated with the internet, such as agriculture startups, supply chain work and more.

A recent OPEN Forum Infographic found that while as many as 95% of the surveyed entrepreneurs had obtained a Bachelor's degree from a higher learning institution, only a small fraction of that amount have attended business school or have formal qualifications in the business field. Startups dealing with traditionally non-internet based industries are becoming more common, and the internet is facilitating the modernization of these sectors. Easy accessibility to online learning resources has been key in transitioning to this new step of 'entrepreneurship for all'.

Democratizing Business

Recommended for You

Webcast, September 17th: 10X Growth & Relationships with Community Building

At its heart, the American economy was built on the innovation and work of entrepreneurs. Today, the internet and startup culture have brought less volatility and is less sensitive to downturns which typically affect the rest of the economy, differing from entrepreneurial pursuits of the past. Rather than waiting to find jobs in a struggling economy, the democratization of online entrepreneurship is seeing more individuals create jobs for themselves and others and working on the new economy.

As social change accelerates and the public need for online convenience increases, innovation in business will keep up and drive further changes. Each iteration of startups in the space are in some way a renewal and reforming of the economy, with different opportunities to succeed.

Advancing Across Borders

Streamlining business processes makes more room for new methods and approaches to entrepreneurship. Entrepreneurs of today are on a different spectrum, starting ahead and simultaneously have more direct exposure to potential consumers online. Advances in online technology are also changing employees — companies are increasingly making use of remote work as a productive and cost-effective model.

Remote work is growing at an exponential rate with both founders and employees spending less time in offices and more time online. This signals a large scale move to location-independent business and enterprises run across borders via the internet.

The breakneck pace of technological development and the spread of the internet across the globe is having a big impact on entrepreneurship, business and the global economy. The future of entrepreneurship will be more focussed on global interoperability and new online perspectives in the business world. The growth of the internet has evolved the way that entrepreneurs approach the business world, and will shape the younger and more digitally-inclined entrepreneurs of the future.

Entrepreneurship has joined the latest digital revolution, and the internet is the new foundation of business for business leaders of the future.

This article was originally published on the author's blog and reprinted with permission.

Free Online Courses To Take Your Business Skills to the Next Level and Beyond - Business 2 Community

Posted: 13 Sep 2019 04:02 AM PDT

While the value of an MBA program is certainly high, we know that some of our best business leaders never went to grad school. In fact, many never finished college.

However, that doesn't negate the value of broadening your base of knowledge and this is true whether you're just starting your business venture or career, or are a seasoned business owner or manager who could benefit from a specially targeted course or two.

Fortunately, there's a wealth of courses available online today that hit every level of knowledge required for business success and, unlike a Harvard MBA, many are free. Explore the portals detailed here and you're bound to find some classes that will benefit your business plans. They also provide an excellent foundation upon which you can base a very valuable company training program.

Let's hit the basics

There's usually no better place to start than going over the fundamentals, so let's begin at Google. For better or for worse, Google is like the air we breathe – it's absolutely necessary for business life. In my experience it's shocking even today how many local businesses haven't figured out how to get listed on Google.

And there's no excuse for this because at Grow with Google's Local Businesses tools and resources, you'll find basic courses that teach you how to claim your local business listing, find new markets, develop your online advertising smarts, and more. By the way, that "more" includes general management topics, like how to collaborate with your team and even how to write a business plan.

Tip: Be sure to check out Google's free Primer mobile app that gives you access to a large catalog of five-minute lessons. You can spare five minutes a few times a week to invest in building your brain for business, right?

While Google offers some good advertising and marketing courses, if you want to get fully up to speed on virtually all aspects of digital sales and marketing, you need to head over to the HubSpot Academy and check out their long lists of courses. They have everything from short courses to longer courses that can lead to a certification, if that's your desired outcome. I appreciate that HubSpot tells you how many lessons are in each course and the overall length of the course in hours and minutes.

You'll find all the critical topics covered including inbound marketing, content marketing, email marketing, social media marketing, blogging, YouTube/video marketing, search engine optimization, and many more. There is often an emphasis on HubSpot products and services, but the content is sufficiently general that you'll be able to apply it to your business no matter what software you're using.

Tip: Consider making HubSpot certifications a part of your employee training program. That will show your team that you truly care about their advancement and create a higher level of loyalty.

Recommended for You

Webcast, September 17th: 10X Growth & Relationships with Community Building

Pushing the envelope

While I don't want to show any disrespect for what Google and HubSpot have to offer, they generally cover topics that would interest any business owner or manager. Yet, with so much competitive success today tied to complex and technology-based business acumen, many leaders have an urgent need for specialized courses that mine their topics more deeply.

For example, businesses of all sizes are leveraging data to drive their success. This is true whether we're talking about a larger enterprise working with Big Data, or a local business trying to squeeze the most important insights out of its loyalty program data. At the same time, businesses of all sizes are creating billions of lines of code on their websites and mobile apps.

This puts the spotlight on developing some level of understanding – or even having command of – a coding language. Today, Python is filling that niche. It can be used to manipulate data and author apps, and because it's a high-level language, it's more like speaking and easier to understand.

A tutorial like Intro to Python for Data Science will give you the fundamentals you need to understand the Python language, make informed decisions regarding how it is deployed in your business, work better with developers, and let you know if it's a topic you need to pursue further.

That's just one example of a topic that you might deem worthy of additional study. There are many more and one of the best ways to get the big picture is to check out Class Central.

Class Central is sort of a "clearing house" for MOOCs – Massive Open Online Courses. These are free online courses offered by colleges and universities around the world. When I last checked, they listed more than 2,000 business courses, nearly 1,300 computer science courses, and over 500 data science courses.

Within the business courses category, topics include finance, management and leadership, strategic management, entrepreneurship, marketing, business intelligence, accounting, project management, and digital marketing. I did a quick search for "finance" and got a wide range of results: international finance, corporate finance essentials, construction finance, and finances for non-financial professionals, just to name a handful.

Tip: You might want to start with Class Central's list of All Time Top 100 Free Courses. These are proven winners and include several business courses, such as Y Combinator's Startup School. However, be warned that not all classes are self-paced; many (if not most) have start and end dates.

Take a few moments to explore all of these options and remember that time invested in yourself virtually always delivers a good return, and the same can be said about investing in your co-workers.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.