thank you mike for the insights, it is resourceful, i start my software business but over the years, i feel renting offices is more expensive than building a head office structure, so i want to ask you how the office space setup in organised at your company, do you live and work at the same place, as in how do you balance work and family? the questions may be slightly off the blog title but they are important for me to know what works best. since me and my employees are more like family. thanks
Basically, within the whole customer conversion funnel, from awareness stage to purchase, there should be a strong match between your product and your audience. In the funnel, customers start with the awareness stage. And when the product has great conversion rates, it means that customers move quicker through the funnel down to the sale stage, where brands and affiliates make money.
Great list! I have another to consider that I personally have 35+ years experience providing. Clean up litter outside commercial properties on foot using inexpensive hand tools. It’s almost as easy to do as going for a walk! I started doing this as a side gig in 1981 and soon grew it into a profitable full-time business. I share my experience in my book, Cleanlots.
Networking. I have never had very many clients in Idaho. It became very apparent that their wasn't a search volume or a desire for internet marketing in the marketplace (though we did get 100 people to a localU event in Burley and brought David Mihm, Matt McGee, Mary Bowling, and Ed Reese into town for it) so I decided to focus on just getting referrals from anywhere and clients started coming in for random places. Largely through friends. A great place to start would be local networking groups, charities, etc. in order to start getting to know a local business community. If you serve them, they will come.
Dropshipping is the easiest option to start an ecommerce business without having to buy any products in advance. Sell a variety of products to customers across the world, while setting your own process, building and promoting your own brand, all without needing to invest in warehousing or manufacturing costs. You don’t need to pay for inventory until it’s sold to an actual customer. Check out our guide to mastering dropshipping to learn more about this great business opportunity.
Dating sites and apps are extremely popular and have become more and more niche as the industry develops. They can also be very profitable, as there are many ways to monetize them. You can charge a joining fee, provide premium subscriptions, or make money from advertising on your site. White Label Dating provides a pre-built dating platform for your project. You simply choose the niche and branding for your new dating site. Once your website goes live, you just need to promote it, manage the users, and collect the earnings.
Sole Proprietors: Self employed but assume all the liability were a client decide to sue you. If a client sues you and wins their erected case they can technically sue you for everything you have including but not limited to your money, house, car, everything. Come tax season you would submit a 1099 form to show the IRS (if you live in the USA) claimed income which then needs to be taxed. If you go this route, I highly recommend submitting quarterly tax payments so that you avoid a large IRS bill at the end of the year.
The basic idea behind an online drop shipping business is that, as a small business owner, you don’t have to maintain a large inventory of products or handle any delivery to your customers. That eliminates the financial cost and risk of having a warehouse full of stuff you might not sell, and the hassle of arranging to send orders all over the country or the world. In fact, you don't have to manufacture or store any products at all.