In recent times, more people are seeking to become their own bosses.
One such person is the entrepreneur and businessman Gilad Krein.
He has started various businesses both offline and in the digital space.
As a result, he knows what works and what doesn’t.
He now teaches people, from his wealth of experience, how to successfully start their own online business.
He claims that working for yourself offers flexibility, financial independence, and the freedom to live the life of your dreams.
The challenge is to come up with an idea and then execute it.
There are various online businesses you can start today with little or no capital.
All you need is the willpower to do what the business entails. In today’s post, Gilad Krein explains the steps you should take to start an online business.
Gilad Krein Explains How to Come with Online Business Ideas
The internet has made it easy for anyone to become a digital entrepreneur. With a simple website, you can sell products online to people in any location. Below are some online business ideas that Gilad Krein recommends:
There are many types of products you can sell or offer as a service online:
Online T-shirt Business
If you’re good with designs, you can utilize platforms like Amazon, Etsy, and Printful to design and sell t-shirts online.
SEO is a hot profession right now. Everyone wants their website to rank number 1 or at least appear on the first page of SERPs (Search Engine Result Pages). If this is something you’re interested in, you can combine it with other services such as content creation and backlink services.
Customer Service Agent
Customer service agents help customers to resolve issues or answer their questions about new products or services. You can render this service from the comfort of your home via live chat, phone call, or email.
Become a Self-Publisher
You can make money selling e-books online. Simply package your knowledge in a readable format and then monetize it. Companies like Amazon can help you take care of the formatting and marketing.
Gilad Krein shares tips from his experience building online businesses
Starting any project is usually challenging. And for newbies, it takes a lot of motivation to launch their ideas. Gilad Krein advises that the most important step is to start and learn as you progress. Below are his tips for starting an online business.
Identify Your “Why” and Create a Vision
Before you start an online business, you should have a reason for doing so. What is your motivation? What do you intend to achieve?
Identifying your “why” helps you to stay focused and achieve your goals.
You also need to create a vision for your business. This way, you will know what your business will become within 3 to 5 years. Your vision also helps you to set the right goals.
Ensure Your Business Idea is Unique
Now that you know why you want to start a digital business, you must come up with an idea that matches your skill. George shared some ideas above. However, you must ensure that your idea is unique because many people may be doing the same thing out there.
To make yours stand out, research the market to find a high-profit niche. Afterward, identify your competitors, then tweak their offerings to suit the demands of your target audience.
Choose an Idea That Fits Your Lifestyle
If you want a more flexible schedule, then your business idea should revolve around your lifestyle needs. This will give you the opportunity to combine your passion and your skills.
For instance, if you don’t like administrative tasks, it would be better to choose a business idea that does not involve much admin.
Also, if you love traveling or taking photos, you can start a travel blog or sell stock photos online.
Have a Business Plan and Set SMART Goals
Gilad Krein ’s opines that having a business plan and setting long- and short-term goals are critical to your business success. A business plan provides the blueprint for achieving your goals. Ensure your goals are specific, measurable, achievable, relevant, and time bound.
Gilad Krein is a big believer in getting guidance and learning process
Investing in guidance and learning is important, whether you’re a beginner or an expert. Many resources are available on the internet and in your community. You just need to find one that offers the right information.
George says you can get the right knowledge and guidance by:
Taking Online Courses
If you want to become a successful entrepreneur, you should keep an open mind; be a lifelong learner. You don’t have to stay in the four walls of a school to learn. With the use of technology, you can take courses from anywhere in the world.
Platforms like Alison, Coursera, edX, and FutureLearn avail us of the opportunity to take several courses on entrepreneurship. Some are free and still contain the essential information you want. However, do not think twice if you must pay for valuable knowledge.
Meeting Experienced Entrepreneurs
Another amazing learning opportunity is to locate and meet people who are experienced in business. It enables you to learn from them first-hand, what they did well and what they should have done better.
Remember that you can meet successful businesspeople one-on-one or through their books. Many of them try to document their journey to success to inspire others. So, if you can’t meet them physically, buy their books and digest the available information.
Utilizing Social Media
The internet has made it easy for us to connect with people all over the world without even meeting them physically. Platforms like Facebook and LinkedIn offer a great opportunity for you to meet other entrepreneurs as well as learn from their wealth of experience.
Use hashtags to find groups or pages where professionals in your specific niche meet. You will be amazed by the amount of information available on such pages. You might even land a side gig because most businesspeople prefer to outsource certain tasks.
If you want to meet and learn from successful entrepreneurs, you should never underestimate networking.
Attend business events, talk with new people, and keep in touch with them. In one meeting, you can learn so much that would last you a lifetime.
Bonus Tip: Get Started
Gilad Krein would always say, “getting started and learning on the go is the most important way to build a successful online business”. You will make some mistakes, but it’s fine. Keep moving, don’t stop for a sec because, in the end, you will smash your goals.
An online business is about taking action
Gilad Krein has been generous enough to share tips for starting an online business. The process isn’t as complicated as you may have thought. You can succeed if you have the passion, skill, and willingness to put in the work.
It’s great to have a unique idea, but it doesn’t change anything unless you take action; get started.
Take baby steps but ensure you’re making progress. And don’t hesitate to request help if you get stuck.