How Do You Create A Profitable Online Business From Scratch?

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How Do You Create A Profitable Online Business From Scratch?

What does creating a profitable online business from scratch involve, and where do you learn how to do it? Do you need to have extensive knowledge of computers and the internet in order to have a successful online business?

The truth is, you do not need to start with much online or computer knowledge, to be a successful Digital Entrepreneur. Many people have started off without knowing much more than the basics and now have a successful online business. With general computer knowledge, the skills can be learned. It is not rocket science, but depending on your level of internet and computer knowledge, it could be a learning curve. However, it is mostly a willingness to do the work, and once the groundwork is established, it becomes largely automated and can offer the ability to earn an income 24/7 whether you are working on it or not.

Benefits of creating a Profitable Online Business 

  • Ability to work from anywhere as long as there’s a laptop and an internet connection. 
  • Ability to incrementally grow your business while still working in your current job.
  • Ability to build your own business, with the possibility of unlimited potential, rather than working for someone else's future.
  • Becomes largely automated once the initial groundwork is done which means there is the ability to earn an income 24/7, whether you are working on it or not.
  • Once established, more choices and freedom to live a life you truly love. 

What Are Some Requirements of Creating a Profitable Online Business?

Being consistent. Creating a profitable online business requires commitment and the decision to do the work. It is not a get rich overnight proposition, we all know they don't exist and the time-frame of success depends on the individual and the quality of time they invest. However, as mentioned above, once the initial groundwork is done, much less time and energy are required, and the benefits can be lucrative.

  • Success is directly related to the ability to stay focused and follow through, and most importantly to keep at it and not give up.
  • Requires some initial and ongoing investment of time, resources, and commitment. Just like any business, some investment is necessary.

Do I Need to Have a Product to Sell to Be a Digital Entrepreneur? 

You do not need to have a product to be a successful Digital Entrepreneur. Digital Entrepreneurs often choose to do affiliate marketing, which basically means they advertise other company’s products and get paid a commission when they sell them. Affiliate programs allow individuals the ability to market for one, or a variety of different companies, and commissions are earned when products are sold. It can be helpful to choose products that you know about or believe in so that your enthusiasm and honest interest comes through. New Digital Entrepreneurs can be surprised to know how many companies have affiliate programs, that are often open to those who sign up for them. Many companies even provide assistance with sales funnels etc.

Some companies provide big-ticket items, which means more expensive items are sold with larger commissions. Others offer smaller commissions but can provide a steady stream of income that adds up. Remember that people buy online 24/7 and worldwide, and smaller commissions can add up with a high volume of sales.

Some People Do Choose to Create Their Own Products

Some people create their own products to sell online. This is another form of online marketing that can be very profitable as well. Individuals may opt to sell these products on their own online stores, or through platforms such as Amazon, eBay, and others. Many choose to have their products created by manufacturers in places such as China, where products can be made inexpensively.

How Do I Get More Information on How to create a Profitable Online Business?

Create A Profitable Online Business

There are various options for learning about how to create a profitable online business. You can watch "how to" YouTube videos. However, that is not enough to learn, build, and sustain a profitable online business. After some research and witnessing the success by a couple of guys which were involved in some of the businesses I previously was I chose a company called Six Figure Mentors (SFM), for the reasons I have outlined below. SFM offers free on-demand workshops that provide information on how an online business works. This allows those interested to make an educated decision without an initial investment. 

What Six Figure Mentors (SFM) Offers
 

  • Extensive education, covering every aspect of online marketing.
  • Pre-made sales funnel, that can help students to start earning an income as they are learning.
  • Step-by-step modules with clear, concrete steps, including LinkedIn Learning certification courses.
  • These courses are in addition to the modules, and they provide information about any aspect of sales & marketing.
  • One on one, and group mentoring and coaching.
  • A supportive online community, and many live and in person workshops and events, that take place globally throughout the year, as well as daily, live webinars. 
  • In addition to tactical and practical information, teaches the mindset of success. Understanding the core levels of the mindset allows us to create a more lasting success at a deeper level. 

My Experience

Create A Profitable Online Business

I decided to start an online business after trying various business models over the years... from Network Marketing, Forex Trading, Cryptocurrency to attending wealth and property seminars as nothing seemed to provide the success and Freedom Lifestyle I was hungry for since my first overseas trip to Bali with a few mates in 2006. This was when it really hit me... as this was the first time I truly felt happy and free.

Perhaps like you, I've always had a burning desire for success since graduating from high school, but I just didn't know what I wanted to do or what type of business I wanted to create so I settled for a job which was slaving away in a warehouse or on a construction site for the first few years. This feeling became stronger over time... I definitely didn't want to be a slave until I retire.

Seeking Freedom & Choices...

I wanted to create something that would allow more freedom and choices in my life. If I were to change nothing about what I was doing, I wondered how many years I would need to be in my job in order to be comfortable.. financially when I retire? And when that happened, would I be able to afford the things I love to do, such as travelling and having fun experiences? Would I be young and healthy enough to enjoy life?

How do I Create Another Stream of Income?

I wanted to create another stream of income on my own time, and in my own way, from wherever I wanted to be. These decisions about what I wanted for my life is what led me to explore an online business. 

Through my research, I realized that working online would allow me to develop a business while I was still in my job. I can work from anywhere with an internet connection, and to have the ability to earn a potentially unlimited income. Six Figure Mentors (SFM), has been a vehicle to allow me to get the education I need, to create a profitable online business.

Can I do it?

I was intrigued but was also concerned that I knew little about the internet and online business. I could get around a computer and work with the programs required for my sales job, but I didn't have much other training in this area. However, I knew that I could learn anything that I put my mind to, as long as I stuck with it. 

I have found that it does require consistency and a desire to keep at it, even when things get challenging. So if you are someone who gives up when you hit a roadblock, you may want to stick with the more traditional career path. However, if you can stay engaged and keep at it, life can really open up and offer freedoms that you may not have thought were possible for you.

The rest is history… every day I wake up inspired and eager to put my few hours into my Online Business. From being in a place of having ‘no clue’ about what I wanted to do, or how I could create a Freedom Lifestyle… now I have the know-how with a clear path of the avenues available! I am now building a profitable online business and have options and choices for my life that would not have been possible before. It is empowering to be able to make decisions that open me up to many possibilities, and the freedom of choice.

Here's to your success!

Justin Morris
Digital Entrepreneur & Lifestyle Blogger   
www.justinmorrislifestyle.com

How to make your first 10K online!