There is a lot that can go wrong while starting an online business. Where most people fail is when they think they can do it within a month.
Building an online business takes time. Remember, patience is the key. Most people give up too early. Learning digital marketing can help you grow your online business
If you want to start a professional online business and you have the investment you can start selling your own brand T-shirts online. According to CredenceResearch, the custom t-shirt market is projected to grow to more than 10 billion dollars in 2025. You can buy your own circular knitting machines to make your own t-shirt fabric or outsource it from somewhere else.
Here are 5 powerful steps that can help you build an online business.
1. Set up social media accounts.
The first tip is to set up all your social media profiles. Now this might sound simple but a lot of people don’t do it and the benefit of doing this is because some people can add you once they find out about who you are before you even begin to use the platform.
The key to getting started is getting started. Once you have your social media platform set up eventually you might feel the whim to actually do it, to actually say you know what today’s the day I’m going to post on LinkedIn or today I’m going to send out my first tweet or today I’m going to post my first picture on Instagram.
- Be consistent on social media.
- Don’t give up too early.
- Have realistic goals.
You don’t need a particular set date. It’s not like ok on January 1st I’m going to set my first post. But if you do have your social media set up you will have the impulse to make your first post, to create your first content to actually get out there on social media and share your message with the world.
2. Create a website.
A website is basically a personal or business brand that is a central location that tells your audience who you are and what you are all about. There are many elements that go into creating a website.
From your photo selection to your about me page to your contact form to your mobile applications to everything that you need to know in order to get your website established.
- Make sure the website shows your intent.
- Have clear navigation on your website.
- Make sure the landing page attracts the customers.
- Create an SEO-friendly website with help of professional SEO services.
The bottom line is that you got to get started on your website and you need to have something out there before you even decide on perfecting it. In order to get serious, you need to get your message out there by creating a website that shows people who you are and build credibility to what it is that you offer them.
Just like setting up your social media profiles starting a website is extremely important to establishing your online business. It will give you credibility and will help you to feel that you actually have a business and you can actually transact online.
3. Add value to people.
A lot of people might have a website or they might have social media content but what good is that going to do unless you add value to the people you intend to serve.
There are so many ways to add value. It doesn’t matter if you’re a lawyer or if you own a pizza shop or you’re a freelancer. Whatever it is you have to show your client that you’re very serious about serving them.
You have to give them content pertaining to the services that you render and show them exactly how you plan to serve them. The key to adding value is to post content that matters and to do it consistently.
You do have some time and you do know how to do it. Just think about what you do and think about how it pertains to your customer and how it can add more value to their lives. A great way to maintain your consistency is to schedule your post ahead of time.
4. Begin to monetize
Now that you’ve set up your social media profiles and create your website and begin adding value to your audience now it’s time to monetize.
Now it’s time to make money. A lot of people think that they can make money right away online but the fact is that you have to do a lot of experimenting before you make your first dollar on the internet.
Give yourself at least 6 months to make your first entrepreneurial dollar online. Give yourself at least 2 years yes 2 years in order to create a full-time profession online.
If you take your time and learn how to build an online business and do time it will reward you exactly the way you need. The reason why I suggest these timelines is because it takes a little bit longer to build trust on the internet.
When you’re doing with someone in person they can trust you because they can read your body language, they can see your expressions, they can understand the situation much better but when you’re talking to someone.
Online it’s a little difficult. It’s more challenging to understand who you’re dealing with and so that’s why you need to give yourself some time before you gain the trust of the people you intend to serve.
5. Add income streams.
Once you master your first income stream you add another and then another and then 5 more and then 10 more and eventually you will begin to make bigger money online. Not all income streams are created equally.
Sometimes you’ll earn just $1 other times you’ll earn $100,000 or sometimes you’ll earn a dollar a hundred thousand times. So you have to understand exactly how your income streams work and exactly what they are meant to do in your online business.
There’s simple income that you can add something as little as a book or course or consulting or sponsorships or affiliates whatever it is.
You try to figure out what exactly you need to do to monetize online and eventually as you master one it will lead you to another and another and another but you have to be a true student in order to add more income streams to your bank account.