fbpx

Confused with How to Start a Profitable Online Business?
Check out my FREE
Step-by-Step Guide on How to Make Money Online Below!

10 Step by Step Guide to Start a Profitable Online Business and Make Money!

Dear Aspiring Entrepreneur

Everywhere I go, I meet people who are struggling because picking the right idea for your business whether online or offline is one of the most challenging choices to make. This stems from the fact that people view entrepreneurship as coming up with a brand new idea. Often times, all you need to do is to come up with a brand new way to execute an existing idea. If you look around you, you will notice that successful people don’t do different things, but they do things differently.


This blog is along the lines of this school of thought (doing things differently). We want to nudge you in the right direction and hopefully get you started with your entrepreneurial journey. We have compiled a list of different online business ideas that you can start off with. Remember, this blog is not just a collection of ideas. My team and I go through tons of ideas and select the ones that solve a problem, has a market and can be started with no or minimal investment.


But don’t worry, I want to be with you through your journey, and I want to see you succeed. So don’t contact us if you’re stuck with anything.

Step 1 Choose a Niche

How do I Find a Niche? You may ask. If you haven't heard the word 'niche' being batted around by Internet Marketers then you haven't been listening. Finding a niche has become the antidote to competing in overly saturated online markets.
If you want to create value online, build followership and be profitable in your business you need the right niche. Starting an online business all begins with choosing the right niche be it blogging, affiliate marketing, dropshipping, information marketing and the list goes on and on…
What is a Niche?
According to Merriam-Webster's Online Dictionary a niche is described as "a place, employment, status, or activity for which a person or thing is best fitted... a specialized market".
Have you noticed that despite the closing of many businesses in these harsh economic times, the local hobby train store is still around? That the 'hole-in-the-wall' eatery is thriving? Or that trends such as scrapbooking can start with a bang and still close within a year when four similar businesses start up in the same area?
The online business world reflects the same trends as experienced in the offline world - often with faster turnover and startup rates. Those who promote a product or site that targets a small, selected audience can tap into a market that is otherwise not being served. Despite the limitations of the client base, the targeted nature of the business creates a devoted and active market - the aim of any business.
How Do I Find a Niche?
Finding a niche requires diligent research. Whether you have access to software that harvests and sorts information or you take a manual approach you must first start with ideas.
With a pen and paper (or computer, if that's more comfortable) brainstorm a list of businesses, products and industries. Create a list of keywords and phrases you think would be used by individuals looking for these items online. Use a software program such as Wordtracker or a free resource such as the Overture Keyword Selector Tool to find keywords for your niche that have a high amount of traffic.

Although a program like Wordtracker makes it easy to find details such as how many sites compete for that market, you can also do your own research.
Concentrate your attention on question phrases such as "how do I..." or "where can I...". These questions will clue you into potential markets that need servicing.


Next, look in Google Answers. Type one of your keywords into the search area. What questions are being asked and how much are people willing to pay for answers? If you find a group of keywords with a high number of questions, then enter these words in your browser's search engine.
What sites come up? Do they provide answers or solutions to the problem? How are they making money? Can you see an opportunity to service these individuals?

Finding a niche can open the door to a profitable online business. Research the market and be certain that your product or service is valuable to this group. Find forums or groups that target this audience and pay close attention to their concerns. If you can help these people you WILL make money. The best of both worlds!


Here's a List of Profitable Niches to Help you Brainstorm:
Wealth: Make Money Online, Personal Finance + Credit Cards, Entrepreneurship, Business, Software, Stocks, Real Estate, Investing, E-commerce
Health: Diet and Nutrition, Kitchen Appliances, Cooking, Supplements, Vitamins, Mattresses, CBD, Relationships + Dating, Survival + Doomsday Prep
Fashion: Apparel, Shoes + Sneakers, Athletic Wear, Watches, Sunglasses, Smartwatches
Electronics: Camera Gear, DSLRs, Lenses, Photography, Videography, Computers, Smartphones, Headphones, Drones, Gaming Accessories
Hobbies: Travel, Travel Hacking, Airfare, Hotels, Music, Cars, Automotive, Car Detailing, Gaming, and much, MUCH more...

Remember, virtually ANY niche can be made profitable and nobody is perfect with their first choice. Which is why it's more important to focus on just learning the fundamentals since it's easy to make a second, third, or fourth business in a different niche.


PS. If you're having trouble choosing ONE specific niche, you can always default to a personal blog about yourself which can contain many niches in one.

Here's a FREE Video on 7 Steps to Generate at Least 400k Monthly Doing Businee Online 

No special skill needed

Step 2 Find an Available Website Name Related to Your Niche

TIP: Try to go for a .COM if available, but some good alternatives include: .CO / .NET / .ORG / .IO
If you still can't find a domain you like, try adding "the" and dashes (-) to find even more availability.
Example: "the-website-domain.com"
Also, each additional website domain only costs about $12-15 per YEAR (4,000-6,000 in Nigeria Naira), so don't worry if you come up with a better one later.


How to Select a Domain Name
Selecting the right name for your website is the most important step you can take when starting your own business. The name will tell people what you have to offer and will help them decide if they are interested in looking further. There are several ways you can select your domain name to bring in your customers. If you are starting your first website you may feel overwhelmed by the many choices that you have to make. Make yourself a list to help you get started.

First of all you want to write down all the products or services you will be offering.
Determine what age group or groups these products would benefit the most.

After you determine these factors, choose your name that will combine both the products and the age group to create a successful domain name.
When you create your name you need to convince others to visit your site by domain name marketing.
How you market your domain name may be through visiting sites that offer similar products or pay for an advertisement on another popular site. All the customers who visit the well established website will see your ad and click on it.
Usually the ad does not cost very much to advertise for one month. Do your research to see who offers a better deal.


You may also want to try email marketing. Sending emails to everyone you know can increase your traffic to your website and increase your sales. Offer discounts for every customer they bring to your site as an incentive to visiting your store.

EXCLUSIVE TRAINING:

"How to Earn Up to N2.875 Million In 30 Days With a Virtual Coaching Program"

Step 3. Sign Up for Web Hosting to Start Building your Website

Cost: Starting at $2.95/month (exclusive 65% OFF discount already applied)
Why Bluehost? Read this excerpt directly from WordPress.org below:
"Powering over 2 million websites, Bluehost offers the ultimate WordPress platform. Tuned for WordPress, we offer WordPress-centric dashboards and tools along with 1-click installation, a FREE domain name, email, FTP, and more. Easily scalable and backed by legendary 24/7 support by in-house WordPress experts."
- (Directly from WordPress.org. See for yourself here: WordPress.org/hosting)

Here are the other 2 Official WordPress-recommended Web Hosting companies:

So, why do you need web hosting for your website? The short answer is that without it, no one except for you will be able to see your website. You need web hosting in order for your website to be live; in other words, web hosting allows the world to have access to your site. There are other services that are provided by web hosting providers, however.
Through a web hosting provider, you will be able to register a domain name for free--this is the address of your website, such as mywebsite.com. You will also be able to have an email address at your domain name through which people (customers and clients, perhaps?) can contact you. Your email may be something like myname@mywebsite.org. A web host also allows you to back up your data online, manage the look of your site, and much more.
Over the years of our doing business online, we’ve tried different things and our recommendations are simply what’s working best at the moment. So go ahead use what we recommend since it is the same we use.


Here are the Other 2 Official Recommended Web Hosting Companies for You:

tmd hosting
whogohost logo

So, why do you need web hosting for your website? The short answer is that without it, no one except for you will be able to see your website. You need web hosting in order for your website to be live; in other words, web hosting allows the world to have access to your site. There are other services that are provided by web hosting providers, however.
Through a web hosting provider, you will be able to register a domain name for free--this is the address of your website, such as mywebsite.com. You will also be able to have an email address at your domain name through which people (customers and clients, perhaps?) can contact you. Your email may be something like myname@mywebsite.org. A web host also allows you to back up your data online, manage the look of your site, and much more.
Over the years of our doing business online, we’ve tried different things and our recommendations are simply what’s working best at the moment. So go ahead use what we recommend since it is the same we use.

AFFILIATE MARKETING TRAINING:

"STEP By step How to start a profitable affiliate marketing business expertnaire"

Step 4. Build Your Website with WordPress

Cost: FREE (included with web hosting. Automatically installed when using Bluehost)

One of the best things you can use for the success of your online business is WordPress. WordPress got its start in 2003, and was used mainly by bloggers. Since that time it has become one of the most popular tools (powering over 30% of websites online) for building a website. Sure, bloggers still use it, but so do a growing number of website owners. 


WordPress has changed internet marketing by making it easier for people to quickly set up websites. The WordPress platform is free and easy to install. You don't need to know any coding to be able to use it, though some knowledge of CSS will allow you to make alterations to your site.

However, there are so many themes (website designs) and plugins (add-ons that do different things) for WordPress that you may not ever need to go into the CSS anyway.


One of the main reasons for the success of WordPress is that it is open source. This means anyone can access the source code and develop products for WordPress. So, instead of just relying on the WordPress development team to figure out what users want, the users themselves can decide, and then create the themes and plugins that fit their needs.


The flexibility of WordPress marketing makes it an easy choice for setting up a website. Just about anything you need for marketing purposes can be added on to the basic installation. Plugins are easy to find, and easy to install. Once installed you need to activate them, but most plugins only require you to click a button for activation. There are some that require you to get an activation key, but this is also a simple process.


Even though it's open source, not all themes and plugins are free. There's nothing wrong with someone wanting to make something for all of the time and effort they put in to creating a good product, so don't assume everything will be free. Of course, being in business you understand that no money is made until something is sold. And, just as you would like people to send you money if you provide something of value to them; so too should you be willing to make a small investment for something of value to you.

There are a few basic types of plugins you should have for WordPress marketing. The most important is getting a security plugin.


Unfortunately, because WordPress is so popular, it makes sites using it a popular target for hackers. The good news is that there are plenty of plugins that cut off the typical exploits used by hackers. Search engine optimization (SEO) plugins are also a good idea as they will help your site look more attractive to the search engines; and thereby--in theory--increase your rankings when people are searching. The other type of plugins you will want to look into are those designed for e-commerce. Simply put, these are plugins that make it easier for you to sell whatever it is that you're offering.


Add a Page Builder plugin to your Website for Easy Drag-and-Drop Editing (Elementor) Cost: FREE (or Upgrade to Elementor Pro for more templates and features)

elementor

Step 5. Get Contents for Your Website from Fiverr

Things you can get done for you on Fiverr are Logo Made for Your Brand, Videos & Animations, Well Writing SEO Article, Writing & Translation, Programming & Tech, Digital Marketing, Graphics & Design, Music & Audio etc. Cost: Starting at $5


What is Fiverr?

Fiverr is a freelancer marketplace where you can outsource tasks to professionals and get work done such as a professional logo, articles for your website, professional video animations etc. all starting at just $5 (which is where the name "Fiverr" comes from).

fiverr image
fiverr logos
fiverr contents

AFFILIATE MARKETING TRAINING:

"STEP By step How to start a profitable affiliate marketing business expertnaire"

Making Money with Your Website/Blog

The Different Ways to Make Money Online with Your Website

Cost: FREE (website required to apply)
For beginners, I recommend JVZoo, Warriorplus, Amazon Associates and Expertnaire.

Step 6. Choose an Affiliate Program(s) and Apply

These affiliate platform allows you to promote and sell virtually ANYTHING that is available on their marketplace.
What is Affiliate Marketing by the ways?
Affiliate Marketing is a way of promoting online business through affiliate programs and advertising that pay the affiliate (or publisher) a type of commission based on the amount of business their website brings the merchant company.


It’s a form of revenue sharing or commission based advertising. The term “affiliate marketing,” however, is often associated with network marketing or multi-level marketing and therefore many companies prefer to use the term “performance marketing”. Affiliate marketing is the most cost effective sort of marketing there is, and is actually incredibly efficient. For this reason, many companies (especially those that started in the early days of e-commerce) owe a tremendous amount to affiliate marketing (amazon.com is a good example) and it has now become normal for companies to include affiliate marketing in many of their plans.


There are three types of compensation methods that are associated with affiliated marketing.
The first type is Cost Per Click (CPC) or Cost Per Mil (CPM.) Basically, the affiliate earns by how many clicks the advertising on his/her site generates, or by just having the advert published on the website. But because of click fraud and many other questionable tactics, CPC is no longer the general form used for affiliate marketing. Generally, companies now either use CPA (Cost per Action) or CPS (Cost per Sale.) The first is based on how much the advert generates interest by the clicker to actually buy or register at the advertised site, the second is based strictly on sales. In other words, an affiliate is paid if the clicker actually purchases something on the advertised site.

3 Important Affiliate Marketing Tips To Make Money Online

Affiliate marketing is a very hot topic right now. Who wouldn't want to just start making money from selling someone else's product or service online, without even leaving their home? Sounds easy, right? While affiliate marketing is not rocket science, it does require work, dedication, and patience. You are not the only person who finds it intriguing to think that they can actually be making money off of someone else's product without even leaving your house. The field is very competitive and if you want to become a player you will need to invest time and effort, and possibly money, into your endeavor.

The first step in effective affiliate marketing is choosing a commercially viable product to sell. This is not particularly hard, but keep in mind that you have millions of products and services to pick from, some good and some not so good, so you want to have a list of criteria that your product must meet. Clickbank is an extremely popular site and a good place to get started with affiliate marketing. The site itself also offers many affiliate marketing tips. And, you can see stats which tell you how well a product or service is doing. Some feel that these stats aren't all too reliable, but if you find a product that you like, and one that has a good "gravity" and "popularity" measurement, then just go ahead and contact the owner of the product and ask him or her to show you some sort of proof of sales and conversions. This is very simple, and any merchant worth his salt will be happy to provide you with the details.

Another of the most overlooked affiliate marketing tips has to do with traffic testing and tracking. As you probably already know or will soon realize, there are a million and one ways to get traffic to your affiliate offer. How do you know which one to choose? You really don't. You have to try one for a while and see how that works, or try several at a time and compare them with each other. When you find some that are clearly outperforming others, invest more time, effort, and/or money into those and let the others go.

Last but not least, take a look at the support that you can offer your customers. Yes, that's right. If you are selling a product (whether it's yours or not), you should be prepared to answer questions about that product. While this may bother you, it is also one of the factors that will separate you from other affiliates who are not answering questions. This also probably means that you will have to actually buy the product and not just promote it blindly, without knowing its real features, advantages, potential problems, etc. Making use of these three affiliate marketing tips will distinguish you from the other affiliate marketers in the business today.

elementor

Latest Make Money Online Opportunities From Our Blog

What is QubitLife And How to Make Money From It?

Table of Content1 What is QubitLife Platform?2 Why QubitLife Platform is Necessary for Anyone Looking for Ways to

More

What You Need to Know About Inksnation

Inksnation is a decentralized autonomous organization (DAO) It is an online business platform that was created by a

More

CHY Mall Compensation Plan

Table of Content1 Money Making Process in CHY Mall New Retail2 CHY Mall Compensation Plan Explained3 1. STORE

More