Making money online these days can be very difficult for bloggers and web owners – for new ‘kids’ on the block and for those who’ve been in the business for a long time. Many online entrepreneurs have tried their hands and failed at being successful in this highly competitive market. But the trick to succeed is to first of all pick a market with which you’re familiar, and one which isn’t already swamped by better business men and women than yourself. This chosen market also has to have the potential to give you a sound return for your investment of time and money.
Online entrepreneurs have to choose sensibly
An online entrepreneur needs to identify a profitable market. However, this is not the main consideration when it comes to picking a niche. Blogging is not the only way to make money online, even though many people earn their living in this way. I’ve spent the last 5 years fighting to earn online in a pool that was already swamped with people better at the job than I was. I failed to indentify my strengths and actually placed it to one side in order to run the rat race of making money from by blog in the same way others have done. I failed miserably, even after hours of trying to recreate what others were doing, and buying their expensive books and courses. All the time, I was a published author, freelance writer and editor. It was only when I decided to focus on my strengths, that I was able to start earning money online. Are you a graphic designer, do you collect items, can you make videos or slide shows, can you do a voice over or make a book trailer? These talents and more can set you up as an online entrepreneur – with or without a blog.
Online entrepreneurs enjoy flexible work, even if they have a full time job
It can be difficult for families in which both parents work. Being able to work from home as I do (most of the time) has been really enriching for me and my family alike. I can be at home when the kids are there to give them the supervision they need. Ten years ago the market for online entrepreneurs was halved by the fact you had to work out of an office in order to get anything done. Now, there are many out there who’re freelancing and managing to make a living out of it. For each of your 50 Facebook friends, there will be a handful of people who want to make use of the online service you provide. Most of those people have blogs and websites from which they can promote your work to further potential customers, freeing up the time you have to do profitable work and improve your quality of life.
Online entrepreneurs get a good return for their investment
As with every job, online entrepreneurs need to invest in themselves. They need to invest the time to study, whether it’s in order to get a degree or spending years online mastering their craft. Many times online entrepreneurs have to start out their careers giving discounts with the product or service they offer. This is just so that customers can see the value of their work. It takes time to build up a reputation online, and recommendation from previous customers is always the best way to build up your career. Online entrepreneurs get a good return for their investment because once they’ve established a platform, there are overhead expenses to chip away at their profits. No travelling to work, no bossy supervisor, flexible hours, working wherever in the world they are, and best of all, the job satisfaction of knowing they’re not limited to company policies. They’re free to do the job in exactly the way they want to do it. Where advancement and creativity are concerned, the sky is the limit.
Do you have what it takes to be an online entrepreneur?