How to Start a Profitable Business?
Earning money is now easier than ever before, if things are done in a right way. Here is a proven sequence of steps that will help you achieve your goals.
1. Identify a Problem/Need
Do a through research and see what is the problem/need that you can fill in, it will boost your success and require less effort to achieve significant.
Tip: find a group of people those are looking for a solution to a problem.
2. Do an MVP that don’t scale
- Write a definite plan
- build your community (Be specific as much as you can)
- Build Reputation as a solver of this problem
- Ask people for sale (people are inherently good, they really help. Always stay positive)
- Stay consistent
Recommended Video: Airbnb story by Nate Blecharczyk
3. Design and build your website
After you have seen that this is a real problem and it works. You have written your selling process. Do your site on your own or Get built your site upon your previous user feedback. Oniont is web company that provides services in Branding and Web development.
4. Drive Traffic to your site
Use search engines and social media to drive traffic to your site. Learn about Search engine and social media advertising. There is a lot of material available on this subject or you can get help from a Marketing Company. Also use email marketing, referral plan and words of mouth, it works very well.
5. Keep it up
Listen to your potential customers feedback and build upon it. It is the difference between a good company and a great company. Great companies always listen to their potential customers.
In carrying out e-commerce, the most important thing is to keep doing what you are doing right now with passion, to keep it up.
Jack Ma Chairman Alibab Group
Final thoughts, online world is growing at a very fast speed but basic principles always remains unchanged. And you can’t go wrong with the basics.