The Easiest Way to Start an Online Business of Your Own
Are you tired of working for someone else and would like to be your own boss? This is a desire many people have but most times do not know where and how to start. In this post I will explain the easiest way to start an online business of your own that is built on your interests.
I’ve got 99 problems but a Niche ain’t one
Every single one of us has some sort of an interest that we are passionate about. It can literally be anything and that is the beauty when it comes to easily starting your own business on the internet. What I am about to explain to you is the way I and hundreds of thousands of others make money online.
You can take any kind of interest, hobby or passion you have and earn money from it. Major retail companies are looking for people to help them make sales in these same interests you enjoy and that they provide products to. In return for your help, they will pay you.
But how can this work to your advantage? You will have to select a niche market that is associated with one of your interests. What is a niche? It is the many things we are all involved with on a daily basis. Simply put, a niche is a segment of the population that partakes in a particular kind of product or experience.
Do you use a smartphone? Then you belong to the smartphone niche. Do you like traveling to Disney World? You are part of the Disney travel niche. Are you a Star Wars fan? You are a follower in the Star Wars niche. Practically everything that you wear, do, eat and enjoy can all be niches.
Your money making potential is enormous
There are literally millions of niches and thousands of companies that supply the products for those niches. By selecting a niche market you are passionate about and promoting particular products within that niche, online retail companies will pay you for your marketing services.
Think of how great it would be when you can make money from the comfort of your home by just providing helpful information about things you and many others enjoy. This is a type of marketing that can even be done on a tablet or laptop computer anywhere there is an internet connection.
You are not required to buy or sell any of the products you will be earning money from. What you will need to do is provide unique informative content in the form of descriptions and reviews of the products you are promoting. If it is a niche you know much about, you should have no problem with what to write.
When people search on Google and the other search engines for information on products they intend to buy, receiving that information from independent sources instead of the companies that sell them is more desired. This is why these companies are looking for people like you to market for them.
Get paid for your ideas 24 hours 7 days a week
There are many reasons why I love making a living earning money in this way. Other than being able to work from anywhere I can have access to the internet, once I publish a blog about a product I promote, it is on the internet for billions of people to see.
Using certain techniques that are easy to learn, I can get my blogs to attract traffic through the search engines and social media from people looking for what I offer. When you can get traffic coming to your blogs, you have the potential to make money every single hour of the day and night.
Because the internet is worldwide and people in certain niche markets like the smartphone niche are also worldwide, the ability for you to earn can even happen while you are asleep. Once your content is live on the internet, it will work for you so that you can go and create other streams of income.
I remember when I made my first amount of income just 5 months after starting my blog about video games. I woke up one morning, checked my email, and I had received an email from Amazon informing me that I had made money. This happened again a few days later. What a GREAT feeling.
Here is how to find a niche to make money with
If you do not have a niche in mind that you wish to promote, and remember a niche can be anything that you and many others are involved with, just go to a newsstand and look at the magazine rack. Practically every magazine represents a particular niche market.
Magazines like Car and Driver are in the automobile niche market and Outdoor Life in the outdoor activity niche. But when selecting a niche market you need to be as specific as possible for what you promote. The reason for this will help you to make more money by focusing on a more defined area of a broad niche market.
For example, the automobile niche market is far too broad because there are many different kinds of vehicles and associated products. You would want to focus in on a particular product like bed liners and covers for pickup trucks. This is considered a sub niche in the broader automobile niche market.
Another example. The outdoor activity niche market is also too broad and you will want to focus in on a more specific sub niche like fishing, hiking, camping and other kinds of outdoor activities. Then you could be even more specific by choosing to promote waterproof hiking boots. Let me give you some ideas.
Free training – Making Money in Niche Marketing
As one of the ambassadors of the Wealthy Affiliate University online training and business building community, I occasionally create training tutorials. Below are four links, one for each of the four pages of the tutorial. As a WA member you could page through but for those of you who are not, I am providing each page on a separate link.
At the below link I go into further detail of what is a niche and how you can make money from various niche markets. I also provide the Wikipedia definition of what a niche market is and how a specific sub niche can be quite profitable. I even provide a very popular sub niche in the cosmetics niche market.
PAGE ONE TRAINING – WHAT IS A NICHE
In order to become quite profitable within a specific niche market it is important to narrow down a broad niche into a focused sub niche. For example, if you wanted to promote products in the niche market of Travel, you should choose a more focused sub niche of Carry-On Luggage. Learn more at the link below.
PAGE TWO TRAINING – HOW TO FOCUS YOUR NICHE
Explaining what is a niche, niche market, and a focused sub niche is all well and good. But by giving you a list of sub niches in several different popular niche markets, will help you to better understand how a focused sub niche can be more profitable. At the link below I provide 10 sub niches each in the broader niches of Video Games, Cooking, Computers and Weight Loss.
PAGE THREE TRAINING – POPULAR NICHE MARKETS
We all partake in multiple niches every day. In the final page of the tutorial below I used myself as an example and listed six niches I use. You take part in most of these niches too. They are: Clothing, Shoes, Automobiles, Jewelry, Coffee, and Music. I then break each of these down into 10 sub niches.
PAGE FOUR TRAINING – NICHES WE PARTAKE IN EVERY DAY
The easiest way to start an online business of your own
When you enjoy something and know a fair amount about it, being able to make money from the promotion of it will be much easier than a product you do not know. Look at it this way. There is a Multi-Level Marketing (MLM) company that sells a high priced coffee. You make money by selling this unknown coffee as well as recruiting people to do the same.
Do you think it would be easy to sell an unknown brand of coffee that is highly priced and convince other people to do the same thing for you? This is the problem with a majority of MLM companies, you are forced to sell products you know nothing about and recruit people to repeat that process for you.
However when you can select a niche market you are familiar with and promote products on the internet, not sell them or recruit other people, it will be easier to make money. Which do you think will be easier? Selling an unknown expensive brand of coffee or promoting Starbucks coffee on your blog?
The promotion of products in a niche market on the internet through a website is called Affiliate Marketing. This is a very profitable and enjoyable form of marketing that a majority of online retail companies offer. It is also cost effective because it requires very little money to invest and operate.
Where you can start for free
Including myself, the majority of successful affiliate marketing entrepreneurs have all started their journey at Wealthy Affiliate University. Since 2005 they have been providing the most up to date online training and WordPress website design for all of their members.
Using their exclusive Site Rubix website builder program, anyone can have their own internet ready website live and on the internet within minutes. Wealthy Affiliate also makes it easy to get started by allowing you to begin your first 10 lessons and build a fully programmed for you website for free.
You may be wondering, what is the catch? Frankly there is no catch. Members join Wealthy Affiliate for free and after the first 10 lesson, which can be completed within 5 days by putting in a couple of hours per day, the remaining training is only $49.00 per month. The price goes no higher.
In fact Wealthy Affiliate is so confident that you will succeed, if you put forth a solid effort, they offer a 62% discount off of the first month when upgrading within 7 days. It comes down to this – You join for free, get 10 free lessons and a free website, pay only $19.00 for the first month when upgrading within 7 days, and each month afterwards is only $49.
The best opportunity you will ever experience
There is no other work from home online opportunity anywhere on the internet like Wealthy Affiliate University. Everything you will need for success is here. All you need to bring to the table is your desire to learn at your own speed and a solid work effort to reach your goals.
You will never be alone during the training and can get help and support 24 hours per day 7 days a week. As I said early on in this post, I create additional training for the Wealthy Affiliate community as one of their ambassadors. You will have access to so much training for a price of only $1.63 per day.
In order to build a successful and profitable online business that is uniquely your own in your chosen niche market, you need to know how to effectively start from the ground up. Just like you cannot build a strong and sturdy building without a foundation, you cannot have a strong affiliate marketing business without an education.
Wealthy Affiliate provides you with the top rated affiliate marketing training that is super easy to master. I found the entire experience quite fun and once I had seen how easy the process is to make money online, I now help other people to do what I do. Come join me at WA and if you have any questions, please leave them below.
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Hi Prescott.
Your post was really helpful. I really don’t like to work under someone, your post have shown me the best way to start my own business. I really have learned many things about how to start a online business of my own. You have also described the processes and mentioned some pages to learn deep.
Thank you so much for this post, I really liked it and I am gonna share it.
You are very welcome and I am happy you enjoyed the information I have shared in this post. Being able to start your own internet based business is not as hard as many people think.
Where they get confused is in the time that is required in order to achieve the success. Too many people think that because it is on the internet, success will be quick and abundant.
Everything takes time but this way is neither hard to do nor expensive to achieve. A person just needs to choose a niche they have an interest in, blog about it, monetize and be patient.
Hi Robert,
This article is really informative and helpful for a beginner like me. When I thought about building my own website, your post just jumped out from my google search. I like the idea that everyone could make money online by writing their favorite things and take it as a hobby first then profit comes second.
As for wealthy affiliate program, it sounds very real and possible. How long does a beginner like me need to speed on this amazing program since I currently have a full-time job and want to understand the efforts I might need to give for my website!
Thank you Matt for your comment. I am glad you liked what I have shared on the easiest way to start an online business of your own in your spare time at home. When I started my journey of creating an internet business to replace my regular 9 to 5 job, I had never heard of affiliate marketing. I learned all I could during my free time.
Once I learned of the simple concept of basically blogging or writing about things that I like that others do too, and then promoting associated products for commission payments, I was hooked. As someone who started this while working a daytime job, it took about 2 years of building my business in my spare time before I quit my day job.
Hello and thanks for sharing, your post is well detailed, I love the information you have provide and so will your readers, This is a good breakdown of how online business works
Thanks again for sharing, all the best to you and keep up the good work.
I actually run a blog currently and I really want to expand my niche and this training looks quite useful. However how do I calculate my own niche potential? I really want to know how much I can make with it.
I am happy you liked my blog Furkan. Making money in ANY niche is a profitable endeavor if what you have to share in the form of helpful knowledge can educate your website readers about what you are promoting. Remember you are NOT supposed to sell your website readers on a product but rather educate them as to why they should purchase what you are promoting.
How much you can make in your chosen niche will come down to how hard you work to promote it with content that answers the questions of your target audience. This is one reason why you should choose a niche you are knowledgeable or passionate about, so you can write convincing and helpful content to persuade your website visitors to buy what you are promoting.
Hi Robert!
I’m so glad that you pointed out the different between MLM and affiliate marketing. So many people, especially newbies, confuse the two!
With MLM marketing, the product usually is garbage anyway. It’s usually overpriced. Most of the time, nobody is buying the product because they want the product — they’re buying the product because you managed to convince them how great the scheme is and how they’ll be able to create a ‘downline’ themselves!
You go after your relatives and friends and try to get them to join the scheme. You ruin your relationships.
That’s why governments are starting to crack down on pyramid schemes that are disguised as “MLM marketing.”
With affiliate marketing, however, you provide REAL information to REAL people who are REALLY interested in the REAL products you are promoting.
Thanks for a great article!
You are welcome Ben. You are so correct in your observation of the difference between online affiliate marketing and multi-level marketing, or MLM. The reason the products offered in MLM programs are so over priced is to support the enticing compensation program.
But in reality when you offer a highly priced item that is no better than a similar product that sells for far less at retail prices, why would anyone in their right mind buy from you? At this point the only way to make a sale is to convince people that they can trick others to do the same.
Multi-Level Network Marketing is a losing form of money making opportunity for those who join in at or near the bottom of the pyramid. And anyone who does not believe this form of marketing is not a pyramid scheme of some kind, they are definitely not the sharpest tool in the shed.
Online Affiliate Marketing on the other hand is an honest and viable business model because prices are no higher than retail and they are of products and services that many others are seeking. The majority of companies with affiliate programs will and have never do MLM because it is not a profitable or reputable marketing business model.