Starting an online business can be one of the most rewarding experiences you’ll have, but it can also be one of the most challenging. Luckily, this article will inspire you and navigate the way with practical advice and helpful resources to get you on your way as quickly as possible in your decision to start an online business.
The good news is that starting an online business does not have to be complicated or time-consuming. In fact, it can be just the opposite. There are now so many ways to make money online that there’s almost no end to what you could do as an entrepreneur. Fortunately, this article will break down everything you need to know before starting so that nothing prevents you from reaching your goals and earning your first income stream.
So read on to get advice from the CEO of Golden Stream Media Agency – Anatoliy Labinskiy.
Dropshipping is not just about goods from China, which could be sold through Shopify stores or Click Funnels and then shipped to any part of the world. This is a proven business model.
It means that you can dropship even services. You can provide services online even without doing anything by yourself. How does that type of service based on dropshipping model work? Let’s look at an example of a translation agency:
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One man, once, needed to translate some documents. As he needed this work to be done as soon as possible, he went to Upwork and Fiverr and started searching for people who could translate documents for him. He found a few good individuals, made an agreement with them, paid them a few dollars, and received the documents in less than 48 hours.
The next morning, he woke up and started thinking about the possibilities of such services for other people to cover their needs. He drew a simple map of how this business could work and began to talk with people on Facebook Groups who were interested in document translation. Then he started using social media and advertising that he had a translation agency.
After a few months, he earned his first $10K and realized that he could expand this model. He started searching for people around the world who could translate from different languages, and soon he increased his portfolio up to 16 languages: English, Chinese, Italian, Spanish, and so on.
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Then he received a six-figure income from this business in just four months by running ads for it.
Now it is already an eight-figure enterprise.
He knows no languages, so he just connects with others to work on issues that people are having. He checks if the translators are qualified if they are offering good service, good value, and so on.
Starting your own business venture can be a scary and exciting prospect. However, with so many new businesses emerging on the Internet, starting an online business isn’t as tough as it once was. Today, there are countless ways to start and run an online business from your home or laptop. This article covers everything you need to know about how to start an online business and make money online.
Watch the video >> to learn more about starting an online business based on dropshipping model.