This is the page for you to take off, to start your preparation for a journey as an online entrepreneur.
Before an aircraft takes off, the airline management needs to ensure that the engines are checked and found OK, the aircraft was re-fueled, and the passengers are on board with their luggage besides other things related to a flight. As an online entrepreneur, you also need to ensure certain things before your business takes off. To prepare yourself as an online entrepreneur, you need to be clear about the online business opportunities, markets, investment requirement and expected returns.
There are two types of online income opportunities, which are as follows:
- Active income opportunities
- Passive income opportunities
Active income opportunities are those which require you to remain active constantly to earn. For example, if you have a website which offers products and/or services for selling to its users, you have to always remain active to check orders from your clients and make arrangement for their delivery. A Job portal is another example of direct income option, as you have to earn directly from employers for publishing job notices in your site. You can also develop websites on classified ads, food & recipe, travel and so many other areas. Some of these sites will give you revenue through direct service delivery, while some others will generate revenue only from ads. All these fall within direct income, as you have to engage significant amount of your time to manage and maintain your site.
Passive income opportunities will require less involvement or activity from your side. You will set things up for a period of time and incomes will be generated automatically. For example, if you have a website with affiliate links and articles to drive traffic to one or more website/s , where the users will make the purchases, you will automatically get commissions on sales from the site/s. You can publish links, ads and articles on the products or services in your site. You will expect your visitors to read the articles, click the links and visit the related sites to make the purchases. But you cannot expect all the visitors to read the articles, or click the links, or make the purchases. Only a small percentage of the visitors will click or make purchases. To ensure more people to click and purchase, you have to ensure more visitors to your site.
There are numerous affiliate programs available on the web. Software companies, hosting companies, domain registrars and all the e-commerce sites with variety of products have their affiliate programs. The most popular of these programs is the Amazon affiliate program, which has the potential to generate lots of money for the affiliate sites. Amazon is the largest online store in the world. This is also the most credible e-commerce site because of its quality of service. Americans have the habit of buying so many things from online sources and most Americans buy these products from Amazon. This has made Amazon’s affiliate program the most lucrative in the world.
Whether you choose to build your business to earn active income or passive income, you need traffic to your site. You have to learn how to generate traffic. You have so many options available. You can drive social traffic from websites, such as Facebook and Twitter, you can get organic traffic from Google and other search engines through search engine optimization (SEO) and you can also get referral traffic by creating back-links.
Depending on the type of business you choose, you have to plan a strategy to generate traffic for your site to get the returns from your investments.
Now that you have the basic idea about online business, you can go through our articles on different online businesses and take decision on your own venture. We are always ready to give you free consultancy and paid service to help you become an online entrepreneur. Good luck.
