Introduction to Online Entrepreneurship part 1
Entrepreneurship is a trend now a day. People with a vision for something to do out of hobby or a business goal are somehow start as an entrepreneur at some point. Even with a simple unique product can give us a good startup and which may lead someone to start new products and make a good company out of that.
Here we will talk about the online entrepreneurship. The kind of business usually has done by the help of internet. Even if the ways we would promote the business can be a business model here. So almost everything related to this sector can start a business from any point of their life.
On this article, I will bring up few familiar topics to make it easier to understand. Before that let’s find out the topics which may help us start as an online entrepreneur. The list I prefer is given fellow:
- Affiliate marketing
- Digital data collection and sale
- Email marketing
- Digital book review writing
- Website development
- Selling digital products.
- Digital marketing
- Sale domain and hosting.
Now let’s talk about the topics one by one.
It is commission based marketing. Using this process the company usually outsources the whole marketing part to the third party. Here the third party is the mass people and as this is commission base marketing, so as long the mass people keep advertising these products, it will make some sale at some point for sure. The beauty of this kind of marketing is the company becomes a brand faster than any other company. Here is a list of popular companies we have in the market for now:
- Amazone associates
- Commission factory
These companies have thousands of products in their inventory and anybody can promote any product from that list. If someone knows the proper use of the product and know what are the key points to make sales than anybody can make handsome money out of it.
Electrical commerce is a modern concept for making a shop online or having a showroom online. Using this platform we can do the sale and buy totally on online including financial transactions. So here we can have a lot of freedom to build and create exposes to the clients and reach them in shortest time possible. The requirements for this kind of business setup are given below.
- Payment gateway.
- Supply chain system
- Admin panel for approval.
For starting a e-commerce business the initial costing is nothing compare to other businesses. But the basic requirement is to make a proper plan with solid client information. This business is all about information and marketing.
Blog is a very popular way to share the thought, experiences and knowledge. In last few years peoples started to follow this trend for several reasons. One of the most popular reasons is promoting product. Other than this, a lot of people start blogging for implementing different ways of monetization. From the beginning of google blogging became a trend to promote products online. Still today every company or even a single product owner has a blog site just to promote the product or the whole company.
Rest of the topics will be continued on next article.