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Starting A Low-capital Online Business: What You Should Look Out For (12989 Views)
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importexpert(m): 8:08pm On Apr 04, 2017 |
In the last three threads that I created, I explained the importance of online businesses and gave examples as well as real tips on how to start yours immediately. If you missed it, you can check my profile and go through it. One of the biggest mistakes that people make when they want to decide the online business to engage in is to solely check the profitability of such. While profitability is an important factor, there are other factors that are equally very vital. For instance, you may choose a business that is profitable but which is already crowded. So, you are in a profitable business but you are not earning good profits. This makes it difficult for you to make serious head way. So, here are the top factors I always advice beginners to check for before stepping into any online business. 1. Ability/Hobby check: This is the first criteria. You need to pick a business option that you have flair for. While there are many of such businesses, selecting the one wherein you have the talent for will make it easy for you to carve a name for yourself irrespective of the competition. Everyone has an ability and hobby that can always be useful when monetized. 2. Profitability check: This factor does not need much explanation as anyone can understand it. You want to pick a type of business that has the ability to yield profit for you with a moderate investment of your efforts. As you know, the major motive of every business is profit making. 3. Crowdedness check: It is important to always check to see how popular such a business opportunity is. The more popular it is, the less likely it is that you will be able to make more profit, except you are extremely gifted at what you do. It is simple business sense. Okay, let’s assume you own a shop and you sell to 1000 customers every month. If three new competitors enter the market, guess where there customers will come from? Most likely from yours. In the end, you may be left with just 400 customers while they split the other customers between themselves. Do you understand now? 4. Time check: Except you have plenty of time on your hands, the type of online business that would suit you must be one that is not time consuming. There are online businesses that require your availability almost all through the day. But there are also businesses that you engage in that requires just two hours from you each day. And the hours you select in the course of your day is entirely up to you. In other words, any time of the day will do. 5. Effort check: You have to ensure that the profit matches the efforts that you invest in the business. If you invest plenty of time only to have meager earnings, then you are simply under a form of slavery. If the business requires you to work more, then it should pay more. Don’t just hop into any business only to see that you do not get value for the time you put into it. 6. Automating Check: Can the business run without your attention for a couple of days? Businesses that always need your attention like a baby may not really be helpful for you, except if you’ve found a way around it. If your absence or failure to attend to it for one day can be very damaging to your business, it means you should RETHINK about it. 7. Longevity Check: This is not a major criterion, but if you can find a business that can fetch you money for a long time even with little effort from you, then you may just have found a gold star. What this means is that, there are a few businesses that can still generate cash for you even if you actively stop making contributions to it. Yes, there are such businesses. This point will only be valuable to you if you desire to have a business that can still thrive in your absence, yet bring in some bucks for you. 8. Knowledge Check: This is the final check you need to make. Do you have enough information about it? Most businesses crash so fast because their owners felt the surface idea they had could make up for detailed information and mentoring. So, before you rush into anything, seek enough knowledge about it. To wrap this up, you need to take time to consider the business you want to engage in instead of hopping into anything that comes your way. , preparation plus action is what equals success. Napoleon Bonaparte puts it better, “Take time to deliberate, but when the time for action comes, stop thinking and go in.” You Can Peep At www.jagaban.com/p/jagaban.html To See What Myself and Few Other Successful Nairaland Marketers Are Doing. 6 Likes |
importexpert(m): 8:08pm On Apr 04, 2017 |
See What Some Of Those That Have Learn About My Marketing Strategies Are Saying leppyj: MasterRahl: echobazz: IsaacBuchi: wonderiyke: wonderiyke: .You Can See My Secret Strategies At www.jagaban.com/p/jagaban.html |
Young03(m): 8:14pm On Apr 04, 2017 |
Guy i don tire for u oo i have followed almost all d procedures u put here in making money bt no one has worked for me i gat a laptop if u can help, i need to be making small small money nah e mail at [email protected] 5 Likes |
xender(m): 9:48pm On Apr 04, 2017 |
Reply your messages on whatsapp please
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KoladeKoded(m): 10:24pm On Apr 04, 2017 |
great
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Dopeyomi(m): 10:25pm On Apr 04, 2017 |
Okay... see as i dey look... I don tire for d stuff.. Money no gree enter abeg..
2 Likes |
sakalisis(m): 10:27pm On Apr 04, 2017 |
Ok
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unitysheart(m): 10:27pm On Apr 04, 2017 |
Hmmmmm. It no easy.
1 Like |
sharpboyus(m): 10:33pm On Apr 04, 2017 |
Ok
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ipreach: 10:38pm On Apr 04, 2017 |
good
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NnamdiN: 10:40pm On Apr 04, 2017 |
importexpert:the affjaban stuff is difficult to implement o |
spafu(m): 10:45pm On Apr 04, 2017 |
I see
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kunlegboye(m): 10:50pm On Apr 04, 2017 |
Well done.I really commend your good effort!...Pls, can you send me a [email protected],whatsapp no.0813224767 we need to talk.
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myke92(m): 10:52pm On Apr 04, 2017 |
interesting...
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kudos4god(m): 10:53pm On Apr 04, 2017 |
Am very much INTERESTED, but the way to start up is my weakest point. Pls if u can teach me Email me on [email protected]. Willing to learn. Tnx
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winkmart: 10:54pm On Apr 04, 2017 |
Start an importation business today and be happy like me... I think I started then with just 1 watch, which I imported foe myself, before you knew everyone wanted to have the watch, then I had to order for more. the watch was just $10 then, that was N2000 and I sold it for N5500, same watch is N9000 as at today. ...be like me. |
Dekadet(m): 11:09pm On Apr 04, 2017 |
winkmart:dude can u get a sport wrist watch for me. if ur on WhatsApp I will send the photo for u. something similar will do |
Student125(m): 11:16pm On Apr 04, 2017 |
I am a freelance graphics designer too. that's the kind of online business I do, u can message me if you need my service. Thanks
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olaodun: 11:19pm On Apr 04, 2017 |
the best online biz to make money quickly in Nigeria is to sell what people need
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MummyIMadeIt: 11:23pm On Apr 04, 2017 |
Every time online and offline seminar, yet the BIGGEST QUESTION is who has benefited yet? ![]() 4 Likes 1 Share |
importexpert(m): 11:26pm On Apr 04, 2017 |
winkmart: this is the 2nd time you try to derail my thread. as much as you can respect yourself and create your own threads. it will make you look more legit and not someone in a quest of victims to scam. please avoid my threads. |
ALAYORMII: 11:35pm On Apr 04, 2017 |
Dekadet: Have one for sale Here's my whatsapp number 08026330644 |
ALAYORMII: 11:38pm On Apr 04, 2017 |
xender: He hardly replies messages |
importexpert(m): 11:44pm On Apr 04, 2017 |
xender: you cant me on whatsapp. kindly flash or call me. |
importexpert(m): 11:47pm On Apr 04, 2017 |
feel free to ask your marketing related questions.
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johnnym1: 11:55pm On Apr 04, 2017 |
I have a question and i need a honest response from you... Can i go ahead ? I think you are a or have a close relationship with a ... How come all your post whether relevant or not always hit front page. I suspect you have another ID as a To cover your track next time,can you let other posts in business section hit front page so it wont be too obvious.... importexpert: 4 Likes |
ajuwarhodes(f): 12:02am On Apr 05, 2017 |
I don't even know what to say
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tobrinskilanski: 12:04am On Apr 05, 2017 |
[quote author=importexpert post=55266307]In the last three threads that I created, I explained the importance of online businesses and gave examples as well as real tips on how to start yours immediately. If you missed it, you can check my profile and go through it. One of the biggest mistakes that people make when they want to decide the online business to engage in is to solely check the profitability of such. While profitability is an important factor, there are other factors that are equally very vital. For instance, you may choose a business that is profitable but which is already crowded. So, you are in a profitable business but you are not earning good profits. This makes it difficult for you to make serious head way. So, here are the top factors I always advice beginners to check for before stepping into any online business. fantastic |
importexpert(m): 12:29am On Apr 05, 2017 |
kudos4god: i do not send emails or pms but this link will be of a great help to you. www.jagaban.com/p/jagaban.html |
itiswellandwell: 3:31am On Apr 05, 2017 |
Nice one. Are you a student? The link below might be of interest to you. https://nairaland.unblockandhide.com/3657298/low-start-up-capital-business |
michazy(m): 4:05am On Apr 05, 2017 |
Anyone to enlighten me on online business?
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