Being an "entrepreneur" is not as hard as it sounds in the era of Internet. If you are in your 20s-30s and you want to be a young successful entrepreneur you do not need to go outside. You can earn from your home too. Internet has opened a lot of ways to earn from it. Online Business is a great way to get a ransom profit.
What is Online Business:
Never heard of it? Well, Online Business is internet existence of your business; this can be addition to your current business or a new business venture that uses internet entirely for transactions of goods or money.
Requirements for an online business:
1)Websites: Create a website for your business. Sell your services/products online to the customers.
2)Blogs: Write about your business, review products and compare them. In this way you can increase the popularity of your company.
3)Payment Options: Arrange a way of online payment so that customers can pay you easily via online transaction facilities like PayPal, Alertpay etc.
Who can go for it: This is not a cup of tea for the older people. It requires fresh minded people in this work. So it is expected people from age group of 20s to 30s would enter this business.
Why younger generation are so much important: One may ask why this job is for young people only. The reason being computer and internet loomed large in late 2000. So age of those people is 20 to 30s now. Also we need a lot of energy in this profession. So they are preferable. Older people also can go if they find themselves apt in these sort of works related with computers.
Why online business is so much lucrative:
1) Earn a lot: when doing a business, it is assumable you would be more interested in the profit than anything else and this is natural. There is a lot of money in online business. Here is an example: Michael Dunlop in his site mentioned some of his known blogs have made over $100000 per month. Now surely they are very old blogs, but if you maintain to write for your blog, you can income no less than $5000 per month initially.
2) It is a Lifestyle business: Lifestyle business is a type of business that is done by an individual who is also the founder and his aim is to gain a particular level of income and maintain a standard of lifestyle. For example, “Blogging” is considered a lifestyle business. Here you do not depend on other partners; you are the boss of your own. You do work when you feel like it. There is no one to pressurize you. Also you can maintain a standard of lifestyle without investing a penny. So running a lifestyle business is pretty awesome in its own way!
3) Location Freedom: As this business is dependent upon just a computer a in internet connection, you are free to go anywhere. You need not to be present at a particular place to work from.
4) Unique way to expand a start up: This business is a unique way to start up a business. Common people do ordinary businesses but real entrepreneurs do unique ways to enter the market and show some spirit.
Inspirational Personalities:
1) Ramit Sethi: Ramit sethi is the author of the New York Times bestseller, “I Will Teach You To Be Rich”. Apart from being an author, Ramit is an entrepreneur and teaches on how to manage your personal finances. He has become a legend.
2) Pat Flynn: Fabled blogger. He revealed his success stories and strategies in his blog “Smart Passive Income Blog”. He went from five figures per year to five figures per month in just four years.
3) David Risley: His life story can supersede any imaginative story. He went from being a janitor to a successful online entrepreneur. His recent blog “blogMarketingAcademy.com” reveals his strategies.
So you can understand if you work hard, leave procrastination and try hard and be diligent you can do great with Online Entrepreneurship, with or without any investment and even ending up in abundant profit. Happy earning!!