Oftentimes the full-time jobs we work can be uninspiring. They can be repetitive and simply be a means to an end. If you feel like this, it could be time to try something new! Luckily, in today’s digital world, it is possible to create a new online business while working a full-time job. We luck at six simple steps of how you can do this below.
Step 1: Finding a suitable business venture
The first step is to pick a suitable business. This is usually the most difficult part. What can you do? Do you want to sell products? Maybe you want to write a blog, or create videos? There are so many possibilities. Start by looking at your hobbies and interests. What are you good at? What do you do in your free time? Could any of your interests be turned into a business? The following are some ideas:
- A blog based on your hobbies
- Online gaming streaming
- Affiliate product selling
- Arts and crafts
Step 2: Determining how you will profit from this business
After choosing an area of business to specialize in, you must then decide how to make money from it. There are many different things you can do including:
- Affiliate product commission
- Direct sales via an online store
- Monetizing online streaming
- Monetizing video content
- Paid advertising
Think about the business you have chosen, and which method would be the most suitable. For example, if you wanted to create a blog about cooking, you could potentially monetize the blog using affiliate links and monetizing a YouTube channel.
Step 3: Creating a platform of operations for your business
You must now have somewhere to operate your business from. This depends on the type of business. For example, you may need to create a YouTube channel or a Twitch profile. Alternatively, you may need to use a website builder like Wix to create a website or blog.
Think about your business, and think about what type of platform is the most suitable.
Step 4: Creating a business name and branding
It is now time to create your branding. Branding is an essential part of your business and from here you can then do other things like marketing and actually launching your website.
Branding elements should include a business name, a business logo, color schemes, fonts, and potentially slogans too. There are many free tools you can use to create branding items.
Step 5: Launching the products/services
With a platform established, and branding created, you can now actually launch your business! This could be something simple like publishing your website or your first blog article. Again, it depends on the type of business. It could also mean publishing your first YouTube video or populating your online store with live products. Basically, you now need to give customers the means to digest your content.
Step 6: Marketing your new venture
With your business live and active, you can now promote it. There are many different marketing strategies to use. One of the simplest is to create social media profiles and build an audience through platforms like Twitter and Facebook. You can also list your business on local online directories, and things like Google Places. Also, use word of mouth with your friends and family!
If you want something more than your day job offers, it is possible to create a business venture on the side! The above steps are a great starting point. However, it is important to remember that this will take time, dedication, and effort. Don’t be downbeat if you don’t see immediate success. Patience is required too!
Laiba Azhar is the co founder of Webgeniesoft Solutions. She is a full time blogger and social media influencer who loves to write content to educate people about freelancing and starting their online businesses.
The editorial team at CMS Beginners is a group of industry-leading freelancers and online entrepreneurs. Their main aim is to educate people about online earning and empower youth.