What Online Business Do I Start?
What online business do I start?
This question comes from Tyler who’s asking ‘Chris, thanks for your emails, but what online business do I start?
This is a great question – and the answer is you have 2 options
Option 1: – Look to yourself and see what skills or qualifications do you have that is of value to others?
What experience do you have that others need or value?
What do others come to you for advice on?
Remember things you take for granted may be very valuable to others who don’t know how to do it.
I remember a friend came over to see what I was working on and I was showing him.
I was showing him the adverts I was running, the web site I built, the video I made and he was amazed – how do you do that entire he asked?
And it just didn’t occur to me that what I took for granted and just did automatically in a few minutes was something totally new to him. This is value.
This is something new for someone else and it’s a big deal for them.
I’m willing to be everyone who has a skill they just need to take some time to discover.
And once they do – it’s very enjoyable to show others how to do the same thing.
I remember reading a story about how it was a great feeling to be the first to get to the top of the mountain. But it’s an even better feeling to go back down and show someone else the journey to the top also.
So that’s basically what you’re doing. For example when I got started, one of my skills was I could play the guitar.
So I made a site showing users how to play the guitar.
And it was a great feeling getting videos of people who couldn’t play before – but now they could thanks to my guitar site. It was pretty cool
The second option: – is to hire someone who does have the skills to make it for you.
So for example, if you discover using keyword analysis that there are a lot of searches for a particular topic – but you just don’t have the skills, you can hire someone to do it for you.
So, for example, I found lots o people want to learn how to draw people.
I can’t draw, but I hired an artist who can. And I made a drawing web site and that did very well also.
Lastly, I prefer to stick to the ‘online course’ type of business where products are digital (like pdf, video, memberships, online tutorials).
Mainly because they are easier to work with than physical products where you have to have stock, warehousing, postage costs, and so forth.
It doesn’t mean one is better than the other – you just want to set things up so they are easier for you to manage and you can succeed in.
Remember the aim of the business is to serve customers and provide you with a better life.
You don’t want to be working 24/7 for a business with little to no reward.
So that’s why we stick to online course type businesses where you can achieve all this.
So hope this answers your question.
Let me know if you have anything else you’re stuck on.
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