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10 Helpful tips for starting an online business

Do you want to start an online business but you needed some helpful start-up guide? Are you looking for the pros and cons of online business to help you ascertain the chances of your success? Do you need some helpful tips in running a successful online business?

If your answer is YES then I advice you read on….

Starting a successful online business is not child’s play as some internet marketers who paint ‘larger-than-life’ pictures do. Online business opportunities are open to everybody but only a handful of people succeed in the business. Some people who are mislead by the get rich quick internet marketers failed. This is why I must commend you for effort to seek tips on how to start your own online business.

Now, if you have actually made up your mind to start an online business; below are helpful tips for starting an online business which will help to boost your chances of success. Take note of each of these online business tips as they may impact significantly on the success of your online business.

Tips for starting an online business

1. Analyze the competition in your online business niche area

This is a very smart way of starting. In every business, be it real world business or brick and mortar; there is always a competitor unless the business enjoys absolute monopoly. Before jumping into that your ideal online business evaluate your position among your competitors.
All you need to do here is;
• identify your competitors
• analyze your competition
• define your competitive Position. By doing these you can be sure that your close to success as far as online business is concern.

2. Evaluate those major challenges you will face in the business

There are lots of challenges which every prospective online business owner will like have to face. Among such challenges include;
• targeting the right audience or customers,
• how to run a successful online marketing campaign that will boost your website visibility,
how to raise and save capital backup until the online business begin to pay off in spades,
• weak offer,
• complicated offer,
• pricing and packaging,
• how to collect and track data for assessing the performance of your online business

3. Define your potential customers or niche audience with precision

Targeting well-defined, niche audiences in the world of brick and mortar can help in putting your business at the top of the success ladder. However, some niches are easier to target than others. Try to define your potential customers with precision before kicking off your online business

4. Timing and speeding may kill

You may like start your online business and move faster than expected. This is absolutely normal but notes that speed is not a virtue unto itself, but part of an interrelated set of business dynamics. Start the online business when the time is ripe and never let your feet run faster than your shoes.

5. Get necessary online business training

The reason why many online businesses crumble today is due to poor knowledge of the internet and how it works. In order to maintain and grow your online business, you need to have sound theoretical as well as practical knowledge of internet and internet businesses.

6. Build your online business website and include blog

Your website or blog is synonymous to your offline store or shop. So if you don’t have an easy-to-use website, you are not into any online business. Period! I have not seen or had that someone is doing internet business without website. So, you need a professional website as one who does online business. If you can’t build a website then run a successful blog

7. Advertise your online business

It is not enough to build an online business website; you need to advertise the site as the field of dream, “marketing strategy” will have it put this way, “If you build it, they won’t come — until they hear about it”. There are so many ways to advertise your online business such as;
• Use of pay per click advertising like Google adwords, Facebook ads.
• Direct advertisement on popular websites, blogs and online forum.
• Use of email marketing.
• Participating in forums and blogs.
• Getting on Facebook if you’re not already there.
• Taking your business to Twitter.
• Taking your business to Google plus and Google business page.

8. Be versatile and try diversifying

Diversification is one of the key success principles in business. Do restrict yourself only to providing one line of product. However, I am not suggesting that you should be “Jack of all, master of none”. Think of related 2 or 3 related products or services that you can offer and apply the law of comparative advantage.

9. Consult expert

At some delicate stages in your online business especially at beginning stage, you need the services of more experienced online business consultant to oversee your business. Considering how consultants have comprehensive knowledge, expertise, and training pertaining to how these issues should be handled, most of the time, you need to hire the assistance of external service providers. Whatever the problem may be, through their experience and expertise, they will be able to provide the best solutions to these issues.

10. Think outside the box

There are some online businesses problems that you may need to confront on your own. All you need to do is to approach these problems in a new, innovative ways; conceptualize them differently; and understand your position in relation to that situation in a way you’d never thought of before. Cultivate the habit of looking at things differently from the way others typically look at them. Work backwards; turn things upside down and see the magic it will produce

The above tips will be of great help to you if correctly applied. You can start and run your online business if you can follow the above tips and implement them. If you have started an online business already; it is still not too late to apply these tips to become a successful online business owner.
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5 ways to make money on information marketing in Nigeria

Are you interest in making money on information marketing? Do you want know ways to make money on information marketing business Nigeria

If your answer is yes then I advice you read on….

So many people in the past have discovered the power of information. They packaged some piece of information product that are helpful to people in that line and began to market them and up till date; they are still making money from that piece of information product they create.

People like Bill Gate, the founder of Microsoft; Rasmus Lerdoff, the developer of PHP; Mark Zuckerberg, Facebook founder, Jason Njoku, the owner of muti-million dollar iRoko TV; Sim Shagaya, the owner of are all distinguished information marketers

You too can be one. The opportunity is still open to everyone. The door is not yet shut. You can join the rest of the million dollar affluence information marketers to make money online by following the proven ways of making money on information marketing business.

So if you actually made up your mind to join the rest of affluence information marketers in Nigeria to make money on information marketing, below are top five ways to make money on information marketing.

Before I proceed, I suggest you read this article on how to start information marketing business in Nigeria if you are a newbie who is interested in starting information marketing business from scratch

Ways to make money on information marketing business

1. Creating and selling of eBooks

Writing, compiling and selling of eBooks is one sure of making tons of money online. EBooks are packaged information product. Any well package eBook will sells. To get an eBook to sell;
• All you need is to think of information that will move market.
• package the information in eBook form.
• Advertise the eBook by writing your sales copy.
This is what many people have done to make money online and you too can do the same.

2. Starting a Blogs niche and monetizing the blog

You may like to ask; is a blog an information product too? The answer is YES. Every blog is an information product. While some blogs may be well packaged others are not. Well package blogs attract thousands of visitors daily while an unorganized blog attract little or no visitor. However, unlike other information products, blog may not be sold but rather can be monetize if you want to make money from the blog. There are some many ways to monetize a blog including selling of this eBooks, affiliate marketing, Google adsense, advert etc.
Building and packaging of a blog as an information product is not easy, you can learn how to start a successful blogging in Nigeria right away if that is your interest.

3. Creating an online newspapers and magazines website

Online newspapers and magazine websites are still information product because it contains organised information needed by people who read them. So you can start your own online newspaper websites. To start this type of information marketing business takes a whole lot of processes ranging from registering of the newspaper or magazine company, building the newspaper website, employing staffs and editors, acquiring all necessary news trackers, etc. However, without going through this rigorous process, you can partner with an already existing newspaper and magazine company. Making money on online newspaper website involves monetizing the website in the same way as it is done on blog

4. Developing applications and software for sale

People pay to download different applications and software from the internet. All those applications and software are information products. You can learn how to develop one that will meet the need of the people. I have given you instance of notable and popular people above who have taken advantage of creating software and application as an information products that meet the need of the people (Bill Gate, the founder of Microsoft; Rasmus Lerdoff , the developer of PHP; Mark Zuckerberg, Facebook founder and so many others). Today, people are still taking such advantage and you too can join. All you need to identify a gap that need be to fill, go create software or applications that will fill the gap. This particular information product can earn you money throughout the rest of your life

5. Developing video and audio records for sale

Videos and audio records are information products. You may have pay to download one or seen people pay to download either video or music online. You can learn to develop one but if you find it difficult in learning how to develop one, you can buy the video or audio record product reseller right for existing videos and audio records. This is how Jason Njoku, the owner of muti-million dollar online iRoko TV started. He began with reseller right on African and Nigerian video blogging.
For one to succeed in information marketing business; it requires hard-worked, sincerely and dedications just like any other type of business. Making money on information marketing is still open; many people have take advantage in power of information to create an information product that continues to pay them till date. You can do the same by following any of the above means to create your own information product and get paid even when you are not working.

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