Here’s How to Start an Online Business (9 Steps to Success)

Starting an online business changed the course of my life forever. It allowed me to live my perfect life, travel the world, and set my own hours. It taught me more than my four-year college degree and any job I ever worked. An online business allows you to take control of your life in a way that nothing else can. It’s one of the few ways to create true financial freedom. But it also comes with its challenges. There’s a lot to learn, and it takes time to see the fruits of your labor. I started five different businesses before finally finding one I loved enough to stick with and make it work. Since then, I’ve built three separate six-figure companies. It would have never happened if I didn’t allow myself to “fail” over and over again to learn what works and what doesn’t. Luckily, I already failed plenty, which means you get to learn from my mistakes. So how do you start an online business? And how do you grow it to become your primary income source? Here are the nine steps to building an online business I’ve learned in my decade of entrepreneurship. 3. Come up with niche ideas Steps #2 and #3 can be done interchangeably. You may find you want to stick to a certain niche then figure out how to monetize it later, or you may decide you want to make a course or do a particular type of monetization and figure out the niche later. Either way, choosing a niche is one of your most important decisions. It can take one to two years of work before you start making significant money from your business, so ensure it’s something you’ll be OK with talking about for a long time. Some niches will be more competitive than others. …

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