There are many forms of online business, and the truth is that each one tends to have its own definition of what an online business is. That’s why I think it’s necessary to clarify some terms and define them before you start thinking about how to carry out those Internet business ideas that you have in mind.
Let’s see them!
What are online businesses?
A business in general has its own characteristics. There are several, but I prefer that having a business means having set up a system that works alone. Either because you have employees who carry the day to day and / or because you have mounted a series of automated systems for the sale and distribution of your products / services. Think, for example, of an online store of digital products. You can read more about profitable business ideas here https://www.profitablebusiness.online .
In short, in a successful business, the entrepreneur’s mission is to get out of the way as soon as possible.
If you think about it, the perfect business is only available to the laziest. And really, I think so. Working as a freelancer is another thing, which is more like a self-employment scheme.
How to set up an online business?
If you are thinking of starting a business on the internet, I think that your online business project should meet a series of very specific criteria:
- You should try to study business ideas with a future. By this I mean basically 2 things: accompany a traditional company to take the final leap in the digital economy (think of the different actors in the book industry, for example) and / or support initiatives that accelerate the globalization of the economy – think about the big markets of offshore services (outsourcing).
- Good online businesses are usually scalable businesses. Try to take advantage of all the advantages of the Internet channel and distribute knowledge through the sale of digital products. By doing this, you reduce to a minimum the cost of selling your products (it occurs once and it is sold for thousands of units without extra cost) and you forget about the headaches of logistics, including the management of your working capital and its difficult treasury.
- Good online businesses are low investment businesses. And this is very positive. With your desire to work and your idea, you can launch for less than € 150 / year (with this you will buy a domain, a hosting plan, and a premium template). Delays everything you can formalize your business activity .
- More than ever, good online businesses are based on developing a systemthat works alone.
- Although the objective of passive incomeis difficult to achieve, I believe it is vital that your business contemplates all possible ways of selling without your direct involvement in business operations. And I’m not thinking about having employees.
I think that big online businesses can be set up alone, without investors or employees. Once the model is validated, in a second phase, you will ask how to accelerate and leverage the model, with or without employees, with or without investors.
Online business and business success
The rules of business success have not changed much. Nor the 3 or 5 year mortality rate of new businesses. Avoiding business failure is not an easy task.
But we are experiencing moments of great changes, both demographic and macroeconomic, microeconomic and technological changes. All at once, at a tremendous speed.
See it as a unique opportunity for you. Inspire yourself in other digital entrepreneurs who have already traveled the same path.
Do not fall into the trap of safe work and loyalty to a company.
With globalization and technology, within 10 years, the number of middle managers and knowledge workers will have fallen in Europe and the US in favor of cheaper markets.
What happened to the workers and the production in China is going to happen now with all the knowledge workers.
It is neither good nor bad, as long as you are taking the reins of your life (professional) from today.
Online business based on blogs
I have answered very honestly about whether I think it is possible or not to make a decent living with a blog.
Month by month, I invite you to follow the progress and achievements of my own project behind the scenes. In my monthly reports, you can see the evolution of my traffic, my income and expenses, as well as the things that I am learning month by month.