9 Tips For Running A Successful Online Business

When you are starting an new online business, there are always obstacles that you may come across. So to make your online business a success, I am giving you 9 tips on how to run a successful online businesss. Some of these tips I am sharing is from personal experience and the lessons I learnt as an ebay seller and a blogger.

Find your niche

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Ask this question before starting an online business. Do you have a passion for your niche you selected? Because recent studies have shown majority of online entrepreneurs simply give up on their online business ambitions in the long run, due to a lack of passion with what they are doing. Think long term and find a Niche that you have passion for and with some knowledge.

Have a plan

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Set youself business targets, both short term and long term.

For short term goals. Ask yourself this question.

Do you have a proper reliable internet service? It’s a key for any online business.
In what ways is your online business going generate revenue? It is through selling affiliate marketing products or selling ad space through google adsense or simply products through an ecommerce site?
In what ways can you improve your online business to gain consumer confidence? For example, does the consumer who visits your store or site engages with your content or leaves quickly? Is your online store or blog eye catching to the consumer? Do you have to give special promotions to gain their confidence? In the end “Consumer retention is the key”.

For long term goals. Ask yourself this question.

Where do you see you online business in few years and how much revenue do you expect? In what ways are you going to expand this business into much larger scale in the future?

Stay focussed

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Remember this online business is a journey. There will be high’s and low’s. The key is to stay focussed and not be demotivated with potential losses that you may have to face.
As an ebay seller who sold men’s and women’s wallets I had to face this reality. Full refunds due to customer complaints were part of the process I had to go through. The key is to “Stay focussed”.

Build a strong social network

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The internet is a massive web and we are part of it. So let the people know who you are. Social media presence is very important for any online business to be a success. Share it through Facebook, Twitter and other social media outlets to get more recognistion. More people you can get your word out, the better chance people want to explore you.

Be energetic in your social presence. Regular posting on social media and especially social forums related to your niche can do wonders to your business.

Reach for help when necessary

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If you come across any issues, be it technical or otherwise, there are always people online willing to help. One such forum is Quora. You can ask questions and people will answer back. I for one, when I created this blog, had to watch tutorials on You Tube on ” How to create a WordPress website from scratch”. Remember you are not alone. Google and You Tube are your best friends in this online business.

Manage your expenses

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It is quite common to lose track of your business expenses when you starting out. Your enthusiasm to grow your online business might cause you to temporarily forget your expenses. Keep a track of all your expenses and what you expect to get in return . In the end if you spend money to promote you brand , you expect to gain something from it. Spend wisely!

Study your competitors

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Observe what your competition is doing. Are they listing the same product at competitive prices compared to you? What keywords do they use to rank their content? These are some questions that needed to be asked by you, when competiting with people that are in the same niche as you. Always keep in touch with the latest trends your competitors are following. Be competitive!

Don’t fear to try new ideas

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As an ebay seller, I was making a small profit around 4 to 8 dolllars from each wallet sold, but I was always scared to try something new. My biggest concern was, why change when you are already making a profit. My business partner at that time wanted to sell more expensive items in our ebay store. I was against it at the beginning. But after months of contemplating, we went ahead with his new idea. To my surprise, we got a very good response from our customers and our profit margins trippled. So yes, I was wrong at the time. Don’t fear to try new ideas!

Spend time on SEO

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What is SEO?

SEO stands for Search Engine Optimization. Whether its an ecommerce platform like ebay, shopify or a popular search engines like google, Bing or Yahoo, they all have one thing in common a search bar. People looks for certain keywords when they search. So SEO is all about optimizing your product or content, so that those search engines will rank them higher for those keyword words people look for.

Even though the algorithms used by ebay search engine might be different to the algorithms used by google. They all have similarities, in a way they all look for particular keywords. Finding out what those keyword are and optimizing them, is a key to gain more traffic, thus more sales.

Stand up for Ethical Trade

What is Ethical Trade?

Ethical trade means that businesses don’t simply sell goods for the best price but also considers the effect of their business practices on for example, the working conditions of the people they employ or the impact on the environment.

It’s a common practice for businesses to cut cost to stay competitive but this may also make them turn a blind eye to the conditions of workers making goods for them. In recent years consumers in developed countries have become aware that many of the goods that they purchase cheaply in stores eg clothing and electronic goods are produced by less developed countries in factories where safety is neglected and on slave labor.

The fair trade movement began in the 1990s to prevent coffee and banana growers in poor countries from losing out because of the low market prices. Fair trade organisations have guaranteed suppliers a fair price, as a result the suppliers ensured that the workers are properly paid. In return, Consumers supported this by buying Fair-Trade certified goods.

Its my opinion that consumers should pressure businesses to behave well through whey they choose to buy. Businesses will then respond by creating products that are “sustainably sourced” or “free range”, to balance the effects of the business on the environment and on the workers involved with the need to generate a profit.

Are Investors Influenced by Most Popular Finance Blogs?

Most Popular Financial blogs have become important sources of investment news, information, and insight. They all have common structural features that qualify them as a form of social media.

So whats makes blogs social?

There are two features that distinguish blogs from articles written by traditional print journalists. These features are what makes these blogs “social”.

The first distinguishing feature is that blog posts are appended with reader comments.

The second distinguishing feature is the inclusion of a social sharing and voting mechanism. At the end of most blog post, you will find familiar icons of leading social media websites. These icons, which are referred to as widgets, enable users to share blog post with or recommend them to, other with a mouse click. Some examples of social sharing and voting widgets include Facebook’s “Like” icon, LinkedIn “share” widget, Twitter’s “Tweet” button, and google’s “+1” icon. These sharing and voting functions are essential to the social nature of blogs.

The impact of financial blogs on investors

Recent investor survey findings suggest that most popular financial blogs are likely to play an increasingly important role in the decisions made by stock market participants. The Brunswick Group, a business communications and corporate relations firm, conducted a survey of the use of social media by professional investors in the United States, Europe, and Asia. According to the survey, 25-28 percent of responding investors in those jurisdictions had made an investment decision based on content they first encountered in a blog post. Seventy percent of the survey’s respondents indicated that they expect digital media to play a large role in their future investment decisions.

In my opinion, investors should be mindful to the fact that finance blogs do range from traditional business journalists to gossipy conspiracy theorists and any decision made by investors should be well analyzed and informed.

Some pros and cons of investing in cyrptocurrency

What is Cryptocurrency?

Cryptocurrency are digital currencies that does not physically exist and are used as a medium of exchange to verify the transfer of funds. They operate independent of banks and uses strong cryptography to secure financial transactions.

Cryptocurrencies in the recent past has gain lot of recognition and popularity among investors as a way to make some money. However investing in crytocurrency does not come without any risk. Here are some pros and cons of investing in cryptocurrency.

Pros:
Though trading using cytocurrency is relatively new, it is growing in popularity. Some major institutions and banks have recognized crytocurrencies especially bitcoin as a legal tender.
This will only mean the value of major cryptocurrencies such as bitcoin, ethereum and litecoin, have the potential to grow with further in coming years.

Cryptocurrency provides a more faster way of transfering of funds independent of banks and other third party payment systems. As a result of this, you find a more and more online retailers accepting cryptocurrency as a trading currency.

Altcoins or the so called other digital coins other than bitcoins have mostly shown a positive trends in recent past. Investors who buy them wisely and early might end up selling them with big profits later on.

Cons:
Cryptocurrency prices are extremely volatile. The average Bitcoin price at the start was around $0.01 dollars in 2009 went up to high of $20,000 in early 2018 and dropped back to $9,000 currently. The price of Bitcoin fluctuates regularly. As an investor you should know when to buy and when to sell. There is always this risk, as many investors have lost lot of money with bad decisions on their timing.

Even though the trading using cytocurrency offers security, the main responsilbility of securing your cryptocurrency are totally dependent on you. Every sender of cyptocurrency have a private key. You are totaly responsible for keeping that private key safe. If online hacker find the key, they have total access to your cryptocurrency. Plenty of cryptocurrency hacks have happened recently due to bad individual security flaws.

Though many financial regulators are beginning to embrace this technology, there are some who, have not yet. For example the recent South Korean treat of banning cryptocurrency trading as left many south korean investors to sell cyptocurrencies in to huge volume. As result of this, the value of bitcoin and other altcoins plunged drastically.

Like any investment, there is always the risk of failure. Before investing in cryptocurrency make sure to properly analize your cyptocurrency and where you expect the value of the cryptocurrency to be in future.

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Make Money through Fiverr Services – Online Marketing

make money through fiverr services
Fiverr is an online marketplace for freelancers and it is one of the best ways to make money on the internet. If you are new to online marketing, you will find that providing Fiverr services is one of the easiest ways to earn a very good online income.

Fiverr competes directly with other freelance marketplaces such as Upwork, Freelancer.com and PeoplePerHour. Each of these platforms have their advantages and disadvantages. Fiverr’s biggest plus point is that almost anyone can get started on the platform, and start making money right away by providing useful online marketing services.

Fiverr is free to join and does not charge any fees to those who want to use its platform. The way it works is, you pay a commission of 20% for every $1USD you make on the site.

There are no restrictions of any sort on Fiverr, and there are no tests that freelancers need to pass to be allowed to participate on the platform. The only real expectation is that freelancers should provide quality services, that are original and authentic, and adds value to those who pay for them.

On Fiverr, you make money by selling “gigs”. In the past, a gig could be priced at $5 only, but now with a new feature called packages you can set a Gig at any price from $5 to $500. There is no limit to this.

In this article, I want to focus on the various Fiverr services you can provide to make money quickly, rather than on the details of selling on the site. But I strongly suggest that you spend some time at the Fiverr Academy, and learn how Fiverr works.

Here are 5 ways to make money through popular Fiverr Services – Online Marketing…

#1: Provide SEO services
There are a number of SEO specialists that offer their services on Fiverr. There is a lot of potential for quick and easy money to be made here by using software to diagnose the health of a website from the SEO point of you. You can offer to do custom diagnosis of websites on Fiverr. This shouldn’t take too much of your time. This is just an example of the simple SEO services that you can provide for $5 or $10, or perhaps more.

#2: Do keyword research
You can offer to provide keyword research services to bloggers and online marketers. You will need to invest in a professional keyword research tool such as SEMRush for this. Even Google Keyword Planner, which is free, will do for most purposes. Depending on how good you are at this, there is potential for a lot of money to be made.

#3: Impress with your social media marketing skills
Social media marketing services on Fiverr are very popular with small business owners and internet marketers. You can provide Facebook, LinkedIn, Twitter, Instagram and Google Plus promotions to your clients. You can help drive traffic to their websites with your social media marketing skills.

#4: Provide video testimonials to small businesses
There is a great demand for spokespersons on Fiverr, who are likeable, authentic and presentable. You can earn a good living by providing video testimonials to small businesses. Just make sure that you don’t provide this service to two businesses in the same niche, as it could turn into a major embarrassment for you!

#5: Offer content marketing services
Great content writers and copywriters are in big demand from online marketers, and if you have the ability to do your research and deliver a good copy, you can certainly earn a decent income from Fiverr.

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Investing in SEO to Grow Your Online Business

Investing in SEO to Grow Your Online Business

Are you having some hard time in managing your business, as it seems to have a poor generation of income? Then making it on search engine optimization or SEO companies can make a big difference. In this article, you will understand why you should invest in SEO to grow your online business.

SEO remains to be the most accurate way of creating an organic traffic on your business site. Through incorporating the ethical SEO strategies, your website can generate a larger amount of competent traffic. Benefits of search engine strategies were experienced by many companies whose businesses were selling online products. With the effective SEO promotion, your company can attract more potential traffic. This can also offers you the chance to get closer to your target audiences hiding in some places that your traditional strategy cannot access.

Investing in SEO can also provide you other realistic rewards. As a business owner, you have to be aware regarding the larger audience available online. This includes having your business website capable of producing new opportunities. If you invest in SEO, you can expect for

• Increased Visitors
Your business should obtain a good spot in the search engine rankings of every result pages. Once you are on the top pages, you have the chance to increase your visitors. This is because of the perception that, those result appearing on the top are deemed relevant and trustable. This in return can make your reputation high together with your brand recognition.

• Leads
The quickest that you make your business noticeable online, means easier for you to produce income. If your target customers locate you by means of search engine, their usual action is to find certain product or brand. This offers you access toward more leads that likely to produce purchases.

• Cost Effective Method
Majority of the digital marketers define SEO as the most inexpensive marketing tool, which produces attractive results. In connection of being affordable, SEO offers cost-effective substitute that can be tailored to reach your certain goals and needs. Finding the right SEO expert can assist you in identifying some effective SEO techniques that suits best on your business requirements

• Good Impression
Having proper optimization depending on primary keywords together with the keyword phrases, you are able to preserve the top position on search results for extended time. This means that you can produce a good impression on users and leads to relevant traffic on a daily basis.
SEO enables your business for your audiences allowing you to excel from your competition.

These are just some of the abundant reasons why investing in SEO can help you grow your online business. Remember that the good spot of your site transforms you as an authority in your chosen industry, which assist you in developing your business in the fastest time possible. Utilizing SEO for the improvement of your rank on the World Wide Web can provide to additional opportunities under the global setting, which will produce more income.

 

Important things to consider when investing in SEO

Investment for children – An investment advice for parents

Each parent wishes to see the future of his child secure. How can we achieve this? By making sure that his studies are covered, by making a savings fund that the child will be able to access at the right age, and other measures that will give the parent some piece of mind. Everything changes when children appear in our lives, and we would do anything to see them happy and fulfilled. Unfortunately, the insecurity of tomorrow makes more and more parents think about ways of investing in the future of their children as early as they can, before the economy gets destabilized again or they lose their jobs. And when such terrible times come, in case they do, you will be able to sleep at night, knowing that your child has something set aside just for him.

And with such a high desire of parents and grandparents, to invest money in the future of the youngest members of the family, there isn’t a lack in financial products to choose from. In fact, many parents find it hard to settle at one option, not knowing for sure which brings the biggest benefits. Also, the long term of the investment, about 10 to 15 years, until the child is 18 years old, makes the decisional process even harder. Most parents may be tempted to start a children’s trust fund, although the return is much more profitable in the case of shares. Trust funds are more traditional, but financial experts say that if parents are looking to get something out of them, there won’t be too much they will be able to enjoy.

But even if shares are more profitable, you won’t see too many parents jump into them. They are afraid of subjecting their precious savings to the risks of losing them. Still, this exaggerated conservative style can be to the detriment of the funds you are looking to gather for your child. To your knowledge, there are many investment funds especially created for children, so it is worth looking them up. Some of them might be Invesco Perpetual Children’s Fund or Scottish Investment Trust’s Stock plan: A Flying Start. When choosing such an investment plan, do check out the minimum deposit sum. The funds are efficient because they have a minimum amount that is required to be invested each month. But the best part is that nothing is fixed forever. Feel free to stop, change or start your payment whenever you feel like it.

So, there are two main methods of investing money in the future of your child. One would be a designated account, and the other is the investment fund. The control is entirely yours, until the child is 18 years old, a moment in which you can pass the account on the child’s name. Although, most parents will prefer to keep the account in their name, because it is less complicated this way, still having the control over the money and account. Thus, in the end, it is mainly up to you how you do it, but do some research before choosing the best option for you and your child.

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Secure your future with family investments

When you start a family, it is not all about keeping the family members fed, dressed and satisfied throughout the day. It is also about securing their future from a financial point of view. When we are young, we tend to think that nothing can go wrong. We have enough power to work and produce the funds we need, even start over again if we have to. But things change as we advance in age and when children begin to appear in our lives. We need to start thinking about securing our future, for the moments in which we won’t be able to work anymore or have the power to start from ground 0, with the help of family investments.

But, what are family investments? Well, everything in which the family members, who have an income, chose to spend a particular amount of money, to have benefits in the future, is considered an investment. The most common means of investment for a family are saving accounts, health insurances and pensions. It is a way to store money for the future, as your funds cannot be accessed only under certain conditions and after a period. But this is the whole point of the investment, even of a family investment, to raise money and enjoy them when the times are a bit harder than they are today.

So why should people do family investments? Again, you may feel thankful for having some money set aside if you have an emergency or need something you can afford buying with your one-month paycheck. This is why saving accounts can help here. If you can put aside a certain sum of money, which can be settled by you, according to your financial status, in years, you can raise a nice sum. Usually, saving deposits that are made for longer periods, meaning that you won’t be able to access the funds only after the passing of a couple of years, have a better interest rate. Also, it is futile to say that health insurance is one of the family investments everyone should have. According to the type of health insurance you make, you can have covered everything from accidents to illness and invalidity, having your family covered even if you can’t provide for them anymore, due to your medical condition. And investing in a pension is also a great idea because at old age you will need the financial support. You may need medicines or special care, and it would also be nice to afford to see places, now that you have so much free time.

Doing family investments may not be a priority, especially when we are young, but this is not the best way of thinking. If you wish to make an investment, the perfect time is when you have the power to work and produce funds that can be invested in your future. Knowing that you worked for something and you will have some funds to enjoy later in life, almost as a prize for what you did, can be a very comforting idea.

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