When money is tight, an extra $1,000 a month could be life-changing. Although an additional $12,000 a year might not sound like a ton of money, for a single-income home, or for a family with a hefty car payment or medical bills, it could make all the difference.
You can start an online business if you have the right attitude and willingness to learn. Follow these steps to utilize your spare time and invest it into an online business.
- Find what interests you most and what are you good at –
This is the starting point of setting up your online business. Spend enough time on thinking about this. Write down whatever comes to your mind and then make a short list of 5 such business ideas. Finally, you can come down to one such niche area, which you love the most or enjoy doing in your spare time.
- Develop your own website –
The next step is to write blogs or articles about your interest area on a website. You don’t need tech skills for building a website. You will find online resources where you can get ready-to-use templates. You will get visitors to read information on your website. Your website contents should aim to solve their problems. For specific information, you can develop a video or present expert’s interview clip or info graphic and can ask for viewer’s email address in return. For additional free resources, visitors will share their email ids with you. In this way, you regular visitors become your subscribers.
- Start selling –
Once you generate the list of subscribers, you can start selling your product. For example, if your niche area is tutoring, you can actually develop an online course for which your loyal visitors will pay you fees. Once you provide them quality information for free, they are ready to buy such services from you. People compare the cost of actual tutoring and the pain of commuting with the online resources.
Once you follow these steps, then the sky is the limit for how much you can earn. Keep updating your website contents to get repeat visitors. Keep growing your number of subscribers and enjoy being a successful businessman!