Creating an Online Business

Finding and Preparing to Start an Online Business

If you want to join the internet entrepreneural revolution and establish your own online business, you need to start with an idea or project and access your entrepreneurial potential. This article will guide you towards choosing an online business model. You will learn the value of research and reflection and start thinking about your business plan and goals for the future.

Creating an Online Business

Find an online business that works

As I already explained in this article how you can easily start and run your online business. I always tell people to surf the internet and you'll soon find an eclectic and diverse range of successful online business, from multi-million dollar enterprises and run by boards of directors to solo-owned ventures generating a modest but regular income and run by enterprising teenagers.

One interesting point you may glean from surfing the net is that these online businesses are incredibly varied. Some are based on sales of products and others provide a service. Some are extensions of offline businesses. There are even some that don't have any blatantly obvious way of making any money, yet have an enormous subscriber list or astronomical site traffic, which actually equates to serious income generation potential (remember YouTube.com and Facebook.com). Effectively, there are thousands upon thousands of online business  models, ranging from the popular to the downright weird, making their owners a regular income or substantial money.

Believing in what you are doing –

So what does it mean? It confirms that the internet is now embraced by millions who are confident to shop, trade or employ services online. It also confirms that it doesn't matter what you are trying to sell – providing there is a reasonable demand and you place your energy behind the project, you will make a success of your online business.

If you approach your online business right you can sell absolutely anything – products, services or even thin air 😉 It all starts with you and your belief in what you are doing.

Your success as a web entrepreneur is down to your authenticity. When you start a website that you are totally passionate about and believe in, success will follow. Any online business has the potential to work . . . even the most ludicrous ideas. It all depends on your ability to follow through and make it happen.

Amrik's top tip –

When thinking about what online business to start, take into consideration your life skills – interest, qualifications, previous jobs, knowledge and experience. Tap into the valuable resources that you already possess.

Consider your options –

Generating an income from internet starts with finding a viable business idea. As is the case in the traditional offline business world, we have already established that there are effectively two ways of creating revenue from the internet:

  • Providing a service.
  • Providing a product.

From surfing the web you will see that the internet offers endless possibilities for business to thrive and, depending upon whether you are selling a product or service, there are plenty of options to explore. You can:

  • Develop a new online business idea.
  • Buy an existing online business.
  • Expand an existing offline business.
  • Trade online using established services such as eBay.

Please share your tips for preparing to start an online business.

 

41 thoughts on “Finding and Preparing to Start an Online Business”

  1. Yes you are 100% right. True entreprenuer are never short of ideas. If you see yourself as a modern-day Leonardo Da Vinci and are always coming up with new concepts, chances are that you will find an innovative web venture that you can develop from scratch . Thanks for sharing with us. Your writing skills are mind blowing.

  2. Amrik,

    Very good article… Basically think before you leap into starting an Online business. Great advice.

    I have to 2nd everything you said as planning can save mistakes and having to re-direct your audience if your initial message is not necessarily what you want it to be.

    Thank you,

    Ryan H.

  3. Businesses on the net are always started with an idea from another example, or an idea from scratch.

    A mistake many make is not finding and learning all the information on growing their business.

    “Make it through and make it happen.” Right! 🙂

  4. Awesome tips Amit. A true entrepreneur “smells” a potential business opportunity miles away. Thing about this is that almost everyone has the potential.. I think that the difference is that some actually pursue an idea and some, well, are just lazy and prefer to try the “short” route to success. Most important message I think that you are sending is that “you have to believe in yourself” and make things happen 🙂

    1. Yes, Will power and hard work is the main key elements for every successful business growth. Thanks for your valuable comments!

  5. Hi Amrik,
    You have given valuable ideas on how to start an online business.This post gives me a good suggestion to tap the valuable resources in online business that we already possess.
    Thanks for sharing!

    1. Glad you liked it. Do you like my “Amrik’s Top Tip”? That’s for all the readers who want to build successful online business venture.

  6. Hi Amrik,
    Internet is a good place to findout which online business suits you.I agreed with your points and I think financial education along with your interested or targeted business is also very important to be successful in online business.

    1. Yes I am agree and appreciate your points. With the steady growth of internet users around the world and quicker, safer and more reliable technology, the opportunity to set up and run a viable online business from the comfort of your own home has never been easier.

  7. Matching your skills with your calling makes sense Amrik. Do not force things. Do what makes you feel good, and monetize it. Take stock of your skills, find a good online match, prosper. Thanks for sharing with us.

  8. When we started Prophecy Image Consulting my partner and I did all the steps you outlined. But it didn’t stop there. We are constantly re-evaluating ourselves and reinventing ourselves all the time. Great article and very helpful to the first time entrepreneur.

  9. Great advice. I think believing in what you’re doing is really important. The more passionate you are about your product, service, or company, the better chance it has at succeeding!

  10. I definitely agree that you have to “think before you leap” when you venture into an online business, but don’t let that thinking become paralysis. It’s easy to get overwhelmed with all of the ins and outs of working online but at some point, you just have to take action. Your plan might not work the first time but you learn from your mistakes and keep going.

  11. Hi Amrik,
    You have given valuable ideas on how to start an online business. Thanks for sharing usefull insight post.

  12. I have a few blogs right now, and I’m wondering. Should I sell physical merchandise on top of my ad money? I haven’t sold much physical products besides some random stuff on ebay.

    1. You can sell if you really think you can do it. Don’t think too much. If you can do hard work you must go with your idea. Good luck!

  13. Starting an online business can not be any easier than an offline business. What I notice some of the bloggers in India doing is forgetting all the legal aspects of starting an online business. I guess we need more companies to educate young entrepreneurs to look into various aspects of starting a business online.

    1. Yes you are right. The ability to start and run profitable online business requires much the same personal and professional qualities as are needed to run any business.

  14. This is great idea to manage all things for online business and get the perfect knowledge about business techniques. All business require particular management and preparing for effective result. The given tips are very useful for online business.

  15. Hi Amrik,

    The ideas flows in when we are open to learn more everyday.
    Thanks for sharing great post.

    Cheers ,
    Sandy

  16. As Steve Jobs “if you don’t loved your work you will be failed”… A proper dedication and a positive attitude makes a good owner and runner of business. A very informative and well formatted post. Thanks for share and good luck for future.!

  17. I’ve always wanted to set up my online retail store selling clothes for teenage girls and I think your tips are great. I’m at that stage where I really don’t know how to start so this is quite helpful. I’ll definitely look into buying an existing online business, I think that’s a great option.

  18. Hi Amrik,

    This is a good read. I agree with you that you need a certain passion to blog about, if you don’t believe in your topic then your readers won’t either!

    Good luck with the rest of your studies!

  19. Considering different options is the most valuable things of a blogger to do to have a great stuff alone, outsourcing is also suitable I think… You have share here a great ideas that I could use for a beautiful change I want to…

  20. Great article, I am thinking of starting my own online business, and this has a lot of useful information, I really appreciate it.

  21. It does take a lot of hard work – people think it’s easy but just getting visitors to your website will take time and a lot of work. My husband and I are going on 2 years with our online sites and it’s been a lot more time than I ever thought. I do love it though and that’s why I continue on. Many others quit before they have a chance to see any success.

  22. First of try make understand yourself what you are going to do either either you are service provider or product provider, then choose your action to get satisfaction from your work.

  23. It is never easy to prepare in starting an online business…There are a lot of things to be sorted out and I am sure it might take at least weeks or even months before you can officially start it…

  24. yes we have to work on any specific idea for starting an online business. and believe in what we are doing………..

  25. Hi Amrik!

    I totally agree with you since I have been doing my business via internet and it give me a good success, the good part using the internet is less expenses and you can also work at home.

  26. Thanks for your inspiration, I’ll believe on what I’m doing and make it works no matter what. When I’m advertising my business, I always have some very bad though appear on my mind. “Whether it will work” by your inspiration, I know it will absolutely work.

  27. If you want to start an online business then you should know the business environment and where you want to start business. Why entrepreneur more successful in business? because they research first then they invest in business. Online business is not an easy task, one day to wake up and your business is starts. Business needs planning and strategies.

  28. Hi Amrik..great writing. Seriously thinking of starting a business, your article has pushed me further. Got a nice product based idea to start my business.

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