Business Model : To choose the one that most accurately fits your needs, you ought to take under consideration the subsequent factors:

Do you want to build a long-term online business?

There are short-term opportunities that can earn you money, but they do not guarantee that they’re going to continue to do so in the future.

As a general rule, for example, performing on third-party platforms like YouTube or Udemy, has two risks:

  1. It is the platform that saves all the information and contact details of the clients
  2. No one guarantees that they will continue to exist in the future, or that their conditions will change

If you want to ensure the viability of a long-term business, you will probably have to work on your own platform, such as a website or blog.

Do you want to build a personal brand?

business model

Building a private brand can open up more business opportunities for you. For this, the foremost recommended would be a blog or YouTube channel, for instance .

In my case, creating a blog helped me appear in various media and gave me the opportunity to publish a book. it’s also allowed me to satisfy people with similar interests and find many opportunities for collaboration.

But if you prefer not to have any public exposure, it would be best to choose an affiliate website or online store .

What is your favorite support?
If you have decided to create your own personal brand, you should consider which is the medium in which you feel most comfortable to convey your message.

There are basically three:

  • Text
  • Video
  • Audio

The written format, be it a website or a blog , is comfortable because it allows you to regulate your content well. it’s also very easy to edit before publishing.

If you are good with the camera, you may prefer to create a YouTube channel to broadcast your contents.

You do not need to stick with one support, but to start out it’s better to specialize in one and not divide the efforts.

Interesting article : Top 5 small business to start in Lockdown(Corona crisis)

My recommendation

According to me, online businesses with minimal risk and greater potential in the long term are:

  1. The webs membership on a product category
  2. Create a blog on a topic and sell autopilot services, such as video courses.

A blog will assist you build your personal brand, plus it’s likely to supply more security within the end of the day .

What is your idea?

If you opt on a blog, first you’ve got to form a fundamental decision: its  depends on your theme .

The ideal is to specialize and satisfy a requirement of a selected audience. once you attempt to cover too many topics, your readers do not feel identified and stop seeing you as an authority on the topic .

To find your idea, ask yourself these three questions:

WHAT DO YOU LIKE?

If you are going to have to be writing for several years on a topic, it better be about something that you like.

Look for hobbies or interests that you would never tire of talking about, because all of them are excellent candidates to become the central theme of your blog. Write down 3-8 topics that meet the condition.

WHAT ARE YOU GOOD AT?

Now write down 3 things in which you think about yourself especially good or that your knowledge is above average. you can also ask your friends what they’d ask you for advice on; they’re going to often provide you with very valuable information.

But remember that it is not necessary to be an expert on a topic to start a blog , because this is the fear that stops 99% of digital entrepreneurs.

When you launch your blog you will not have readers. By the time you start to have an audience, you will have had to inform yourself so much about your topic that you probably know more than 99% of the population.

Interesting Article : Most Profitable online business to start in present time

CAN YOU FILL A NEED?

Now you ought to have several ideas to start out a blog. Before choosing one, validate that there’s potential. In other words, it covers an existing need which there also are people that would be willing to pay to unravel it.

For example, you could create a blog with tips about finding accommodation, socializing, or traveling safely for solo travelers. If once you ask them they tell you that they would be willing to pay to unravel those problems, Wohoo!

Do not be afraid to be wrong, because you can always adjust the theme to the requirements that you simply find in your readers and in which you feel most comfortable.

 

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