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MenuWhich online businesses can you start that will return profitable?
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Well, technically - Any. ;-)
Hey there - I'm a new business technology trainer with 6 years experience helping new online business owners get off the ground.
If your goal is to make money quickly, then a service based business will be the fastest - you figure out what you can offer to whom, find them and then perform the service.
Info-products take longer to create and market, but have the appeal of, after the initial huge amount of hard work has been put in, leading to passive or residual income.
ECommerce and selling phyiscal products is the final way to go. If you have something that people really want, then it's just a matter of getting that in front of as many people as possible.
For ALL of these - knowing what you want to do (enjoying it is important - it's going to take a lot of time!), and having some idea of who is going to CARE about what you want to do, and WHERE they hang out is the best recipe.
Feel free to book a call if you want to chat in more detail. :-)
If you listen to Podcasts I would recommend The Side Hustle Show is packed with business ideas. It's extremely helpful if you are just starting out and would like to know what ideas are worth pursuing. The show is very practical and some of the ideas you can implement straight away.
The only real answer here is that there isn't any silver bullet or easy way to make money with an online business these days. If there is, the space gets filled quickly and the margins disappear. Like anything in life, whatever business you decide to launch will require time, effort and an ability to quickly evolve and pivot. That said, I suggest reading "The 4 Hour Workweek" for some inspiration.
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What is a good/average conversion rate % for an e-commerce (marketplace model) for customers who add to cart through to purchase order.
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I'm looking to get off the Yahoo platform. Shopify seems to be nice, and BigCommerce just looks like a slightly better Yahoo. Thoughts?
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What is the best way to capture and track referrals directed from a landing page?
There are a few ways to track things automatically, but they get complicated: - referral program software - Give your referrers special URL's with parameters that identify them as the referrer (like http://url.com/?referrer=JohnDoe), then push that value into a hidden form field - Create a separate landing page for each referrer I'd keep things much simpler to start. Just tell your social club that there's a referral program in place, then add a form field on your signup process asking who referred the new customer. If John Doe knows that there's a program in place, when he refers someone, he's likely to tell them "make sure you say I referred you". When the new customer joins, they'll likely remember to enter "John Doe" as the referrer. It's not bullet proof, but it's an easy way to start.CD
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How do you determine if a business idea is worth pursuing?
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How can I make a small, profitable business on Wordpress?
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