How You Can Start An Online Business Without Breaking The Bank
There is a right way to do thing and a wrong way to do things especially when it comes to starting an online business. The appeal of passive income is awesome but you have to put in the work to get that passive income stream set up. They key to an online business is your mailing list. The more people who subscribe to your list the more eyes you get your product in front of. MailChimp will manage your mailing list for you for free if you have less than 2,000 subscribers. It’s a great service if you are just starting out.
But here’s the thing: Instead of jumping on the bandwagon to start an online business, make sure you do your homework first. Most people launch a product and market it later. Big mistake! You want to do the opposite – study the market first, launch next. How? Since it’s going to be an online business, start looking at online forums, comment sections of your competitor sites and what people are searching in Google (using Google Keyword Tool).
On e of the most important things when building an online business is your overhead cost per month and to keep that low you want to use free or very cheap technology that works for you. Your biggest time expense is going to be content creation when starting your business. One way to ensure you have the best content that is important to your readers is to use BuzzSumo. The tool analyzes what works for your readers by giving you a report of your articles with the number of shares they have had.
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About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.