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how to start a business without losing money

Start a business without losing money implementing 10 insights that reduce your risk. If you look up Internet Marketing in a dictionary, you’ll find that it refers ‘to advertising and marketing efforts that use the Web and email to drive direct sales via electronic commerce, in addition to sales leads from Web sites or emails.’

We’ve prepared these TEN insights you can do DIFFERENTLY that will save your business money and prospects relationship.

How to Start a Business with No Money – Top 10 Insights

1 – More Business Pоѕtѕ Pеr Day Is Lеѕѕ Engаgеmеnt, Less Money

whеn a brand posts twісе a day, those роѕtѕ оnlу receive 57% оf the lіkеѕ and 78% of thе соmmеntѕ реr роѕt.

Be mindful оf уоur рublіѕhіng frеquеnсу on Fасеbооk, аnd ѕtаrt tеѕtіng with your оwn page tо ѕее what frequency іѕ rіght fоr уоur соmmunіtу.

 

2 – Click-Through Rate On Trіggеrеd Messages Iѕ 119% Hіghеr Thаn “Buѕіnеѕѕ As Uѕuаl” Mеѕѕаgеѕ.

Uѕіng personalized аnd tіmеlу lead nurturing with mаrkеtіng аutоmаtіоn іѕ an іmроrtаnt ѕtrаtеgу fоr іmрrоvіng thе оvеrаll реrfоrmаnсе оf уоur email mаrkеtіng аnd сuѕtоmеr generation.

 

3 – On Average, Businesses Rеѕроnd Tо Onlу 30% Of Sосіаl Mеdіа Fаnѕ’ Fееdbасk.

Engagement іѕ rаrе. Stаnd оut from your competition by caring аnd еngаgіng wіth уоur ѕосіаl mеdіа соmmunіtу.

 

4 – Text Mеѕѕаgіng Uѕеrѕ Send Or Rесеіvе An Average оf 35 Mеѕѕаgеѕ Pеr Day.

Pееr-tо-рееr соmmunісаtіоn thrоugh text mеѕѕаgіng hаѕ bесоmе оf соrе раrt оf society’s соmmunісаtіоn іnfrаѕtruсturе. Iѕ thеrе any роѕѕіblе соmmunісаtіоn that уоur сuѕtоmеrѕ аnd рrоѕресtѕ wоuld lіkе tо rесеіvе vіа text mеѕѕаgе?

 

5 – In Anу Gіvеn Wееk, Lеѕѕ Thаn 0.5% Of Fасеbооk Fаnѕ Engage Wіth Brands & Businesses They Arе Fаnѕ Of.

Brаndѕ аrеn’t рrоvіdіng thе rіght kіnd оf content and experience to engage their fаnѕ. Aѕk уоur Fасеbооk fans what type оf соntеnt thеу want tо ѕее, and thеn gіvе іt tо thеm!

 

6 – 64% Of Smartphone Owners Arе Uѕіng Their Mobile Dеvісеѕ Tо Shop Onlіnе.

The ѕmаrtрhоnе іѕ ripe wіth іmрulѕе shopping rеvеnuе. If you sell gооdѕ online, target ѕресіfіс campaigns tо ѕmаrtрhоnе uѕеrѕ.

7 – YоuTubе Users Wаtсh More Thаn 3B Hоurѕ Of Vіdео Per Mоnth Online.

Video is a major раrt оf the оnlіnе еxреrіеnсе, but іt’ѕ different from trаdіtіоnаl broadcast productions. When іntеgrаtіng online video іntо уоur іnbоund marketing ѕtrаtеgу bе sure to соnѕіdеr not оnlу production value, but length. Most ѕuссеѕѕful оnlіnе vіdеоѕ аrе less thаn twо mіnutеѕ lоng.

 

8 – 72% Of Smаrtрhоnе Ownеrѕ Aссеѕѕ Social Nеtwоrkѕ Thrоugh Aррѕ At Lеаѕt Once Pеr Day.

Social іѕ mobile. Mаkе ѕurе that content you’re ѕhаrіng on ѕосіаl nеtwоrkѕ — lіkе уоur blоg articles аnd lаndіng раgеѕ — are optimized for mоbіlе dеvісеѕ.

9 – 20% Of Fасеbооk Uѕеrѕ Have Purсhаѕеd Sоmеthіng Bесаuѕе Of Adѕ Or Cоmmеntѕ Thеу Sаw Thеrе.

People аrе influenced by, wеll, and оthеr реорlе. Use раіd аnd оrgаnіс mаrkеtіng on Facebook tо іnfluеnсе thе соnvеrѕіоn actions that drіvе уоur buѕіnеѕѕ.

 

10 – Thе Average Tablet Uѕеr Sреndѕ 13.9 Hours Online Pеr Wееk With The Dеvісе.

Thе tablet іѕ quickly bесоmіng the nеw lарtор. Survеу your сuѕtоmеrѕ аnd leads to understand how they аrе uѕіng tаblеtѕ, and lеt that dаtа іnfluеnсе futurе mаrkеtіng ѕtrаtеgіеѕ tаrgеtеd аt tаblеt uѕеrѕ.

The listed аbоvе аrе thе fасtѕ аbоut internet mаrkеtіng that you can use TODAY to stand out in the industry.

Did we miss out on an important rarely known fact? Let us know about it and we’ll add it in the list.

P.S. Just getting started with your business online? Lear how to launch your very own product or service course online

About The Author

Your Millionaire Mentor
Shaqir Hussyin

Shaqir Hussyin is the founder and CEO of Shaqirhussyin.com & Funnels.com Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available at: CreateDigitalCourse.com specially designed for aspiring entrepreneurs wanting to start their online business with their very own high paying product.

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader you can meet in person. His work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.

How To Start A Small Online Business

The many online business success stories are a testament to the fact that the online platform holds great profit-making potential for every Tom, Dick, and Harry. If you have been wondering how to start a small online business, you are in the right place.

Starting an online business has never been easier. You can easily start an online business without investing a lot of money.

But not all small online startups make it big. You are doomed to fail if there is no market for your product(s). In this blog post, you will learn how to set up a small online business that generates a steady source of income.

How To Start An Online Business for Dummies

Starting an online business is quite different from setting up a brick-and-mortar business. There are
certain steps that you need to take to ensure the success of your business.

Here are some tips for setting up a small online business and making it a success.

Market Research

Before you start an online business, you should carry out proper market research. Conducting market
research will allow you to learn about the products and services that are in high demand among your
target audience.
You should study the most successful online companies and closely inspect their business models. Find
out how you can do things differently to provide better value to your customers.

Create A Business Plan

The next step is to create a business plan for setting up the online company. The business plan should
list down your containing marketing and business development strategies in detail. You should analyze
your target market, competitors, and business environment.

The purpose of creating a business plan is to draft a blueprint for your online business’s success. You can
follow the strategies based on market research to grow your business over time.

Create and Host a Website

Once you have decided on the products and services to sell online, you should create a website and
purchase a domain name from GoDaddy or Bluehost. The domain name is the address that people must
type in the browser to access your site.

You should also select a hosting service provider to host your website. Again, GoDaddy and Bluehost are
the best resources for hosting your website. You can also select dedicated e-commerce hosting
platforms such as Shopify, Wix, Squarespace, or BigCommerce for selling your products or services
online.

Obtain A Doing Business As (DBA) Certificate

If you want to sell online using a name other than your own, you should apply for a Doing Business As
(DBA) certificate. Getting this certificate is important if you want to open a bank account or use the
fictitious business name in your contracts.
Online Business Ideas for Beginners
Starting an online business is not that hard. You can start an online business easily. No business or
coding experience is required to set up an online business.

Here are some of the best online business
ideas for beginners.

Online Consultant

Do you have experience or skill in a particular field? If yes, then you should consider setting up an online
consultancy business. You can offer coaching classes through Skype or WhatsApp. You can offer
consultancy in the form of monthly or weekly calls.
With an online platform, you can easily market your consultancy services. The consultancy business can
be about anything you consider yourself as an expert — health coach, life coach, online business
advertising, etc.

Flip Virtual Spaces

You have heard of real estate professionals buying and flipping properties. Well, you can do the same in
the cyber world by buying and selling online domain names. Online sites such as Empire Flippers allow
you to make money through this strategy. You can invest a small sum to buy a domain and then make a
profit selling it.

Home Contracting Business

You can start a home repair business online. Create a website where you can offer different home
services to online users. The business is easy to set up and require little investment.

Accountancy Services

If you have experience in accounting, you can offer bookkeeping services to businesses. Consider
becoming an Intuit’s QuickBooks certified provider. Gaining the certification will allow you to gain
recognition and trust among online users.

Online Reseller

A great business idea with the potential for earning lots of money is to become an online reseller. You
can purchase goods in your area and then sell them on sites such as Amazon or eBay.

How to Start an Online Business for Free

A lot of people think that setting up an online business requires investing a couple of thousand dollars.
The reality is that you can start a business and without investing a single penny. Here are some business
ideas that allow you to become an online entrepreneur without investing anything.

Affiliate Networking Sites

You can start an online business for free by joining an affiliate networking site such as CJ Affiliate or
ShareASale. In this business arrangement, you are paid a commission for promoting their products or
services. You can make money by sending the links to friends or publish them on your own website.
Some affiliate sites also provide company approved images. You will receive a commission when users
visit the link and buy items.

Create a Free Online Store

A number of free online resources are available that lets you create a free online store and start selling.
Sites such as Weebly and Wix have online site builder tools that let you create an online store. But the
catch is that you have to share their domain name such as xyz.wix.com. Some sites may also require you
to place ads on the website.
The online store you create using the free website builder should be professional, attractive, and
relevant to your business. You can’t use a template created for bakery items to sell electronic goods.

Sell on Free E-Commerce Platforms

You can sell on existing e-commerce platforms such as eBay and Amazon for free. The free Amazon plan,
for instance, allows you to sell up to 40 products per month.
The main advantage of selling through an e-commerce platform is that you will be able to access a large
customer base. In addition, you have the option to scale your business as the sales growth over time by
switching to a subscription plan.
But, you have to pay a fee of $0.99 per transaction for the free account. This will cut your profit figure so
you should think twice before using this strategy.

Start a Blogging Site

If you love writing, you should consider starting a blogging site. All you need to do is to write an article a
week and gain followers. When you are able to attract a large number of online following, you will be
able to monetize the blog site by running online ads on the site.

Custom Design Printing

Do have a talent for creating artistic stuff? Is so, you should consider using ‘print on demand’ sites such
as Society6 and Zazzle. The sites allow you to upload your creative art to the site and earn online for
free. You will receive royalty payments whenever customers make a purchase from your site.

Online Video Channel

A lot of people are earning thousands of dollars each month by uploading videos to YouTube. The large
user base makes it an attractive platform to promote products and services. If you create regular viral
videos with lots of views, you can earn a lot of money by monetizing the channel.

Interactive Learning

You don’t have to sell products and services to make money online. Selling online courses is one of the
easiest ways to earn income. You can create audio podcasts, video webinars, or an eBook. Your
imagination is the limit when it comes to making learning material. You can make informative content
for just about any topic.
Make sure that the topic is interesting and the content is engaging. You can upload the content on your
free website and start earning passive income.

In-Home Daycare Services

You can also start a daycare business for free. Just create a website offering your services and promote
the business online. You can offer to provide in-house childcare services. In this way, you don’t need to
get a license for starting a daycare business.
Similarly, you can offer in-home elderly care or pet care services. You can offer the services of taking
pets to vet appointments, caring for the elderly, or doing household chores. This is a great way to earn
income without investing anything in your business.

Freelance Work

You can start freelance work by starting at a freelance site. This freelance sites such as Up work allow
you to connect with businesses who may require services such as copywriting, programming, or graphic
designing.

You can also start a freelance editing business if you have experience in crafting and editing blogs and
books. This will allow you to earn passive income by offering editing services through a freelance site.

Here are additional online business ideas for beginners that are proven and effective in generating
income.
 Translator
 Clothing press services
 Home cleaning services
 Professional resume service
 Custom furniture
 Interior decorator
 Swimming pool cleaner
 Online tech support
 Makeup artist
 Hairdresser
 Event Planner

My Thoughts On Starting A Small Online Business

Stories of successful online businesses show that all of them started something that they were passionate about. Another important thing you should note is that most had started generating income only about 24 months after setting up an online business. In other words, passion and patience are the two key ingredients of a successful online business. You need to be passionate about what you are selling and patient enough to see your business to success.

About The Author

Your Millionaire Mentor
Shaqir Hussyin

Shaqir Hussyin is the founder and CEO of Shaqirhussyin.com & Funnels.com Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available at: CreateDigitalCourse.comspecially designed for aspiring entrepreneurs wanting to start their online business with their very own high paying product.

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader you can meet in person. His work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.

Successful Online Businesses & Ideas

Do you have a business idea that you want to launch online? Many online businesses started with a unique idea that with the right ecommerce platform grew into a successful online behemoth. So if you have an idea and you are thinking about setting up an online business but don’t know what to sell online? Stress no more!

Because if you have nodded your head in agreement to the above questions, you are at the right place. 

The fact is there has never been a better time than today to set up an online business. All the tools are available online that you can use to set up an online business. 

But before you set up an online business, you need to first select the right business idea that will be a hit among the online users. 

In this post, we will share the top ten money making online business ideas that don’t require a lot of investment. 

Top Ten Online Businesses

1. Small Business Consultant

Do you have any experience in running a business? Have you been associated with large businesses at a managerial position? If so, you must leverage from experience to earn online. 

With a small business online consultancy services, you will be able to use your skills to help other budding entrepreneurs set up a business. Consider offering your services to a niche as this will allow you to easily penetrate the target market. 

To win the trust of aspiring business owners, you should contribute regularly to social media sites such as LinkedIn and Quora.com. In addition, you can contribute to Business.com to gain credibility and win the trust of an online audience. 

2. Affiliate Marketing

Affiliate marketing is another great way to earn income online. The affiliate model is simple with potential to earn passive income. The best thing about this business model is that you don’t have to invest in anything other than creating and promoting your site. 

With affiliate marketing, you don’t have to keep inventory or handle shipping. Your only task is to bring customers towards the company and earn a commission. 

To make the most of the business idea, you should consider building multiple niche sites that focus on offering special products. The site should have dozens of different content that point to the site of the affiliate. The more products you promote on your site, the more income you can earn. It’s that simple.  

3. Publish eBooks Online

Selling eBooks online is another profitable online business idea. You can write books on different topics such as cooking, carpeting, car tuning, plumbing, SEO, and much more.

 Writing a Book may take some time. But once finished and published, you can potentially earn thousands of dollars each month without any extra effort. 

Popular places you can sell your books include eBay, Amazon, Albris, WeBuyBooks, and Bookfinder. You can also create your own website selling books online. You can click here to read some tips on how to write books that will become a hit online. 

4. Online Marketing Consultants

If you like browsing through social media sites like Facebook, Instagram, Twitter, you can turn your hobby into a business. 

A lot of businesses –both brick-and-mortar and online – will be willing to pay top dollars for promoting their products or services online. If you have experience in digital marketing, you can offer online business consulting services. 

You can provide consultancy services to help companies build a digital marketing blueprint for success. Businesses can consult with you to manage their online presence, optimize content, and promote their brand online. 

5. Translation Website 

If you don’t want to publish blogs or books, and you are fluent in multiple languages, you should consider offering translation services online. This is a great way to polish your foreign language skills and earn money along the way. 

6. Drop Shipping 

Drop shipping is another great online business idea. You basically offer products for sale online and purchase a product from a manufacturer for a lower price when someone places an online order. This is a simple business idea that has the potential to earn lots of money. 

Because of low margins, you should focus on selling a variety of goods. Selling a large number of items online will increase the potential of making a lot of money. 

7. Online Video Review 

A lot of individuals are earning thousands of dollars per month by monetizing their vlogs or video logs. Consider creating useful and engaging short videos, and leverage from YouTube’s extended reach to make a lot of money online. 

You can create videos of different niches. The video can be product reviews or how-to videos regarding a topic of interest. Once you upload a video, you should enable the monetization option from the YouTube settings. Your videos will feature Google ads and you get paid when users view the ads. 

Another way you can monetize through YouTube videos is through paid sponsorships. This is a viable business idea if you have a large online following. Companies will pay you for promoting their products or services on your site. 

8. Sell Creative Art Online

If you have a creative talent, you should consider setting up a business selling arts online. You can make some money by selling your oil painting or digital photographs.  You can sell creative products online or upload the stuff on sites such as CafePress, Lulu, Teespring, and Zazzle. 

9. Home Baked Organic Food

Do you have a knack for cooking? If so, consider setting up an online business selling organic homemade food. With increasing people becoming aware of the health effects of processed food, you can easily win customers by selling what they like – healthy homemade food. 

10. Sell Online Courses

You can make a lot of money online by selling online courses. If you have experience in any area, you should monetize the experience by creating courses or teaching online. 

Successful Online Businesses Examples

The cyber world is full of online business success stories. A lot of entrepreneurs have been able to amass millions just by hitting upon the right business idea. Here are some of the online business success stories that will serve as a role model for you as you start your own online company. 

Affiliate Marketing Done Right

The Wirecutter.com is the perfect example of how much money you can make by setting up an online affiliate business. 

Brian Lam had created the affiliate marketing site in 2011. In just four years, the online site was generating about $150 million in affiliate marketing. He sold the site in 2016 to the New York Times for $30 million. 

The best thing about this online business success story is that Lam didn’t have to go through the usual channels to start a business. He did not have to create a lengthy business plan or pitch his business for venture funding.  Furthermore, he only had to post only a few dozen articles to his site each month. But the payback was huge. 

DEVISE

DEVISE was created by Jeff Tailor, a successful online businessman who makes millions selling websites. What started as a little-known website design and digital marketing agency has turned into a million dollar agency with a successful online business model. The company creates websites, builds traffic, and sells them to large companies. 

In 2016, he had made seven figures selling a fitness website to an unknown buyer. 

Fluent in 3 Months

Fluent in 3 Months was created by Benny Lewis to help people learn languages from around the world. His site has been featured in National Geographic, Forbes, The New York Times, Business Insider, and many other popular sites. 

His success story shows that you don’t need to have a lot of degrees or already an expert to start an online business. When he started out, he couldn’t properly speak even one foreign language. Today his website attracts a large number of online visitors who are eager to learn about the secret to learn a foreign language in just 3 months. 

Liberty Jane Clothing 

A great example of making money by serving a niche segment is Liberty Jane Clothing online store. Founded by couple Jason and Cinnamon, the online business generates $600,000 a year. 

The business idea is simple: sell PDF files of mini doll clothing patterns. But the impact of the business idea is huge allowing them to rake in thousands from their online store. 

Raw Generation

Jessica Geier was able to make $96,000 per month selling unpasteurized juice blends. At first, she had difficulty coming up with the right taste. But her persistence allowed her to come up with a product that is today selling like hot cakes.  The success story if you stick to your business idea and keep trying, and success will surely knock at your door. 

Bearbrand

Eric Bandholz success story also shows how you can earn a lot of money by serving the unmet needs of the niche market. He had founded an online store selling beard maintenance products. 

His shop Bearbrand started generating $120,000 per month after just first year. The success of the online store shows two things. Firstly, you should not hesitate from serving a small target market. Secondly, keeping long facial hair is surprisingly popular among the men in the US!

Running Successful Online Businesses On The Internet And The Opportunities

The online marketplace is like a 21st Century goldmine. Anyone with the right business idea can make a large sum by setting a business online. 

The online marketplace has set an even playing field. You don’t need to invest millions or have the right contacts to make it big in the cyber world. The online platform holds a limitless potential to make huge amounts of money. 

The business ideas and successful online business examples will serve as an inspiration to create your own million-dollar online business. 

About The Author

Your Millionaire Mentor
Shaqir Hussyin

Shaqir Hussyin is the founder and CEO of Shaqirhussyin.com & Funnels.com Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available at: CreateDigitalCourse.comspecially designed for aspiring entrepreneurs wanting to start their online business with their very own high paying product.

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader you can meet in person. His work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.