6 Helpful Tips For New Online Business Owners

Illustration by Itamar Cohen via Dribbble

Have you ever started a new activity or hobby? As a popular quote states, everything is challenging before it comes easy. The same when it comes to starting a new activity, and especially when starting a new online business.

Starting an online business can be one of the most exciting activities that you ever start. This is especially for the fact that an online business can change everything about your life, for the better.

On the flip side, it’s not always going to be sunshine and butterflies. Starting an online business comes with a serious learning curve, and don’t forget about many of the sleepless nights and countless weeks, months, and even years of stress.

This isn’t stated to dissuade you from starting an online business, as it’s something you get stronger at and can power through. Rather instead, I want to let you know about quite a few beneficial tips that can help you when you’re just getting started.

Don’t Start Your Online Business Without Seeing These Tips

These tips range from common mistakes to helpful advice in terms of saving your time and money. Either way, let’s get started with the first tip which is related to following your passion… kind of.

#1. You Don’t Have To Follow Your Passion

Creating an online business that’s based around your passion is one of the biggest dreams you see being sold. While it is possible, many times, it’s just not likely or the juice simply isn’t worth the squeeze.

This is why it’s recommended that you don’t always look for what you’re passionate about, as opposed to what you can profit from. In the long term, if you do something long enough, you can always turn that into your passion.

So just because you aren’t super passionate about a specific product or niche, it doesn’t mean that you can’t grow to like it much more down the road. If your online business is just going to be a little hobby that you rarely focus on, then yeah, feel free to chase after your passion.

Ont the other hand, if you plan on creating an online business that allows you to create wealth and freedom, then you’ll most likely have to put your passion to the side.

#2. Properly Identify Your Product, Offer, And Niche

This is similar to the previous tip, but it’s also very important that you have a good idea about how you’ll be making sales. For example, you can either create your own offer or promote other offers as an affiliate.

The choice is going to be up to you, but it’s important that you stick with offers that are proven to sell. If not, you’ll waste a ton of time promoting incorrect offers and even worse, potentially a lot of money on paid advertising.

If you’re having a hard time deciding if affiliate marketing is good or bad, ReferralRock did a great article about that topic.

#3. You Don’t Need Every Software Tool

Given how quickly the internet is changing, it’s as if there are new software tools coming out every single hour online. With that being said, you don’t need to purchase each and every software tool that is always coming out.

This especially remains true when it comes to offers that come with a one-time payment, or lifetime deal. These offers tend to come with a serious amount of FOMO, so make sure that you truly need them before deciding to make a purchase.

On the other hand, software often comes with either free or paid trial durations. This is the perfect opportunity to test out specific software before you actually make monthly payments.

Even better, keep an eye out for extended trial durations that will allow you to get more time with specific software tools. As an example, there’s a great IMNights trial tutorial where you can see how to get secret and extended access to software.

At the end of the day, make sure that you’re not eating too much into your budget and just investing in the tools that you absolutely need.

#4. Don’t Outsource Just Yet

After getting started and gathering some momentum, your first idea might be that you need to start outsourcing as many activities as you can as soon as possible. There is certainly a time and place for this, but you need to take a step back and think a little before you outsource.

One of the biggest mistakes I see is when newbies decide to start outsourcing activities that they either haven’t done themselves or don’t have a lot of knowledge about. There are a few problems when it comes to this.

First and foremost, if you don’t know how to properly achieve a specific outcome, then how are you going to be able to tell someone else to do it? Even worse, what if a big problem comes up and you don’t know how to solve it?

For these specific reasons, it’s always recommended that you figure out how to do a specific task before outsourcing it yourself. While this might take a little bit more time in the beginning, it will save you a ton of headaches when you eventually get better at the task, and then decide to outsource it.

#5. You Still Need To Build Your Email List (Don’t Neglect It)

Building an email list is still one of the best ways to bulletproof your online business. While the costs of advertising online keep rising and rising, you’ll always be able to keep and save your email list.

Plus, having an email list means having traffic that you control. If you want to promote a new offer? Simply send them an email. If you want to showcase a brand new video that you just recorded? Just send them an email.

So if there’s anything that you need to accomplish when you first start online, it’s the ability to grow your email list.

#6. Don’t Be Afraid To Go Organic

No, not the food (but that’s an option for you as well). Organic here is being referred to as organic traffic, and it’s certainly something that you don’t want to shy away from when you’re first starting online.

The beauty of organic traffic is that it’s usually free or very low cost, allowing you to see profits much quicker than compared to running paid advertising. Examples of top organic traffic sources include your Facebook profile, Facebook groups, starting a YouTube account, Instagram, Twitter, TikTok, and many other platforms.

YouTube is a great spot if you’re into creating videos. Even better, is the fact that you also get started with YouTube on a very low budget, according to an article written by Databox.

Just make sure that you are creating content for your targeted audience. Otherwise, all of that time spent on creating content will go in vain.

Conclusion

So those were six tips that will help you when first getting started on your online business. Regardless of the experience or money that you have, there’s always a way to make it work. You just have to make smart and calculated actions that work for you.

Lastly, be sure to do what nobody is willing to do. Go the extra mile, put in the extra hours here and there, and your actions will quickly help you build momentum and grow at a much faster rate.

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  1. […] media is, above all, a game of patience. Business owners tend to fall in love with social media potential instead of utilizing it. There is no […]

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