Training and Resources
Many beginners who want to start an online business fail to take consistent action for many reasons. They may feel overwhelmed with trying to learn everything or may fall into the trap of shiny object syndrome. When they don't see quick results, they become frustrated and begin a new strategy with similar poor results.
The purpose of this page is to provide a high level view of the most common ways people are making money online so you can choose the best path that aligns with your skills and goals. This will save you time and money from choosing the wrong initial business strategy.
Some of these online business strategies can also overlap which gives beginners the opportunity to pivot and find the most successful methods and adapt them to fit their business goals.
Mindset
One of the hardest parts of starting an online business for beginners is developing the proper mindset. Most people are conditioned to have an employee mindset where they are paid by the hour rather regardless of their daily productivity. Online business is more like a commission only sales position which can be very stressful.
For many beginners, they won't have the support of family or friends that are able to help them on their online business journey which can lead to feelings of frustration and loneliness. Online business takes a certain amount of resilience and inner motivation to continue pursuing their goals and delayed gratification.
Click the link below to find additional resources about developing an entrepreneur mindset.
E-Commerce
Buying and selling products and services online has permanently changed consumer buying habits and continues to shape our economy today. Large retailers like Amazon dominate the market for consumer goods with free, fast shipping of low cost products. This can make it very difficult for beginners to compete head on.
Other forms of e-commerce are more beginner friendly such as selling branded merchandise like hats, coffee mugs, t-shirts and other apparel. These products are not typically found on Amazon and many content creators use this strategy to help support and grow their platforms.
Etsy is another popular e-commerce platform that allows small business owners to sell unique and personalized products unlike mass produced consumer goods found on Amazon. This can be a good option for people who are creative and want to build a business around their passion or hobby.
One of the most lucrative and fastest growing areas of E-commerce is digital products, generating Billions of dollars in revenue each year. Digital products can be delivered instantly and sold an infinite number of times at no additional cost. These products can include e-books, courses, and specialized training.
Click the link below to learn more about how to start an E-commerce based business.
Affiliate Marketing
If you don't want to go through the time and effort of selling your own products, one of the next best options is selling other people's products and services. Affiliate marketing is an excellent strategy for beginners to quickly and easily start monetizing their existing traffic.
Many E-commerce retailers offer affiliate programs where affiliate marketers can earn a commission from the sales of the retailers products. The E-commerce retailer handles everything related to product sales and customer support. Affiliate marketers only need to add their affiliate link and find a suitable traffic source.
