Starting a business is one of the best things anyone can do for themselves in 2021.
I have heard many reasons why people don’t have their businesses. From reasons like, I’m not cut out to be an entrepreneur to reasons like I don’t have enough time. Whatever the reasons, as long as you need more cash or cash, starting a business can be a great option for you.
An online business gives you certain advantages that an offline business does not. Are we suggesting that this is an easy thing to do? Absolutely not. Before you âjump off the startup cliff,â here are 5 things you need to start a professional online business and make money;
1. Have a solid idea or business
Having an idea is the starting point. An idea is a thought that solves a problem for others. Your idea needs to solve a problem that is difficult for a few people (which usually means you can charge a lot for it), or a small problem for a lot of people (this is where the scale comes in).
2. A business plan
Many people believe in the myth that business plans are outdated. As a business owner, angel investor, and online business expert, I can tell you for free that this is not the case. Every businessman with years of experience will tell you that projections in business plans are usually wrong, but it gives you a starting point and a point of reference for changes and adjustments as things go. evolve.
3. A clear idea of ââwho your ideal customer is
The most important thing for every business is to have customers. People who need the value provided by your business and are willing to pay for that value. When defining your customer, you should be aware that the network of potential customers can be significantly expanded, but when planning, you should narrow the audience down to a “Bulls Eye” target. People who can’t live without the value you offer or choose not to live without the value. You also need to make sure that there are enough of these people on hand to keep the business going.
4. A partner that enables growth
Everyone needs a little help from time to time. Being smart with your partners is one of the most consistent traits of successful business people around the world. If your business is in Nigeria, one of these partners is SocialPay. SocialPay is designed for businesses that need to create a professional appearance around their brand even when they are still in the early stages. SocialPay enables businesses to send professional-looking invoices and collect payments online using payment links.
In addition to the aforementioned advantages, SocialPay Also offers advance cash payments when you have been using their platform for at least 3 months. They sell up to 30% of your collections over 3 months and 50% of collections over 6 months. The best part is you can choose how you want to pay it back. 10% to 30% of daily collections is the range you have to easily repay the cash advance received.
Also, the first 10,000 traders will have access to a one-month interest-free loan up to a maximum amount of NOT 1,000,000
5. A website or social media profile
You cannot have an online business without any online presence. You would need a website or a social media profile to have an online business. Platforms such as Wix, WordPress, Weebly, Squarespace and Come on daddy can help you build a website quickly.
You can also create pages on any of the following platforms; Facebook, Instagram, Twitter, Snapchat, LinkedIn and TIC Tac.
With these 5 steps, you are on your way to making money and growing as a person.
Author: Charles N.