The Online Income Entrepreneur – Steps to Successful Online Entrepreneurship

Who is an Online Income Entrepreneur?

An Online Income Entrepreneur is any business-minded individual who makes passive streams of income by creating wholly online businesses. The Online Income Entrepreneur can be the owner, founder, or manager of a web-based business enterprise that makes money online continuously. He could also be called an internet entrepreneur.

The business can be done from anywhere, your home, park, office. These days, the internet has become a major part of both small and big businesses. Lots of entrepreneurs have successfully started one business or the other online and these businesses are solely run on the web without physical offices.

Some of these small businesses are run from home and the owners are making a steady income online. The big ones like some of the social networks, fintech companies, affiliate marketing sites, niche blogging sites, etc, now have physical offices, acquire other new online based companies or buy a stake in successful online startups.

Some Online based Entrepreneurs include;

• Jeff Bezos: Amazon
• Mark Zuckerberg: Facebook (now also owns Instagram, WhatsApp, Messenger, etc)
• Jack Dorsey: Twitter and Square
• Larry Page and Sergey Brin: Google
• Larry Ellison: Oracle
• Ma Yun: Alibaba
• Liu Qiangdong: JD.com
• Josh Abramson: CollegeHumor, Vimeo, TeePublic
• Jay Adelson: Digg, Equinix, Revision3
• Pierre Omidyar: eBay
• Shola Akinlade and Ezra Olubi: Co-founders of Paystack, a fintech company
• Robin Yu: Baidu

And many others

Online Entrepreneurship brings freedom

With the kind of traffic on the web, advertising has become a major merchandising avenue and online entrepreneurs are making a healthy income from this traffic.

An Online Income Entrepreneur looks at the vast power of the internet to start and grow a business online. He utilizes new technologies to start a business or company online.

4 STEPS TO SUCCESSFUL ONLINE ENTREPRENEURSHIP

For an entrepreneur to start up a successful business online, some measures and tools must be in place.

1. Have a Business Plan

Like the conventional way of starting a business, you need to know what your business main goals are. Online Entrepreneurship can profit greatly from a well thought out business plan that will help attract capital, guide leaders in starting and growing a business, and present this fledgling enterprise to the outside world as something legitimate with great potential. Your business plan must be detailed.

Here is how to write a detailed business plan by yourself in seven (7) days.

2. Website/App

You need to own a website/landing page/App if you must become an Online Income Entrepreneur. This is the platform on which your business is showcased. It is like your store or office. Your website must be well structured for easy navigation. It should state what your business is about and your business contact. These days, having readers and visitors follow you on social media is very important. Using social media sites can benefit you to build networks and improve your brand. Facebook, Instagram, LinkedIn, Twitter, Pinterest could help you to build impressions among your customers. If you’re looking at creating a blog for your online business, here is how to start a money-making blog.

Related: All you need to know about who an Entrepreneur is

3. Have a Product

You must have a product/service you are offering to your online visitors if you must make a living on the net. Your product should be unique, a solution, or a need. You could also decide to own an affiliate marketing site where you promote other peoples’ products and when they make purchases, you get paid.

Your website should have a shopping cart that is well integrated into a payment system. This will allow for easy access to your products. One of the key aspects of becoming a successful Online Income Entrepreneur is to put the needed tools onto your website, allowing customers to get involved with the business and make transactions easily and conveniently.

You should be able to also track where sales are coming from so as to identify who your future target audience is. Depending on what niche you are in, like the social network sites you could also earn good leaving accepting adverts in your site or selling eBooks, either yours or that of others. Creating educational sites like Udemy and Teachable so teachers/creators can create and upload online courses for students to learn and earn a percentage of every course sold on your platform.

Note: Be sure of the products you sell or promote on your site if you must continue earning a steady Income Online.

You must not create a product or own one to sell on your site, you can promote products from dropshipping suppliers like SaleHoo or Spocket.

Related: Introduction to Affiliate Marketing

4. Advertise

Because there are lots of websites out there competing with you in your niche, you need to advertise your business/website to your target audience.

Technology has made it easy for you to reach only your target when running a campaign. Facebook and Google ads publishers for example will define your target audience by gender, age group, location, languages, interests, behaviors, etc. It is called Target Marketing.

Conclusion

Earning a steady income from the internet is a reality and the best part is that you can work from anywhere and at your own pace. You can completely depend on an online business if you are serious and dedicated to it. Lots of online entrepreneurs are already making good cash from it, I am making more money from my online business than from my job as a disaster manager and I believe anyone that takes the opportunity the net provides seriously will also reap the benefits.

Have you previously started an online business or are you considering it in the future? Share your thoughts with The Total Entrepreneurs in the comment section below.

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