If business ideas are so easy to come by, why is finding the right one so hard? But our approach is decidedly different. For more on low-cost, high-profit online business models, refer to Part 3. I want to share that system with you today. You have permission to suck. There are no bad ideas, especially in the beginning. Some of my early online business ideas were terrible.
For example, a few years back, I was certain my readers wanted a product on healthcare. But after all that testing, we realized that nobody cared. We learned that while people love to complain about healthcare, few want to do anything about it. This taught us a very expensive lesson: The first part of this exercise to generate online business ideas is to ask yourself 4 questions.
But when you think about it, we already pay other people for tons of random stuff. So take a second — right now — and think of about things that you already pay for. Write them down on a sheet of paper and move on to the next question. If you know Spanish, you could become a tutor. I want you to push yourself to come up with a list of at least 10 skills you already have.
Write down anything that comes to mind. This is important to think about because it can be very revealing. I wish my place looked like this. Add these ideas to your list. Shoot for at least ideas and feel free to ask a couple of different people if you want. This last question comes from one of my good friends, Ben Casnocha.
Another way to think of this is: If you were locked in a room with your friend, what could you talk about for 3 hours straight? This is a great way to expose the ideas and passions. The things you would have a blast sharing with the world. By the end of these 4 questions, you should have at least 20 ideas written down. Many of these ideas could make excellent online businesses.
But I want to take it one step further.
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In our courses, we always test our ideas for profitability. The Demand Matrix is a very simple way to take your 20 ideas from step 2 and figure out which of them are worth your time. Think about companies like Rolls Royce and Prada. They charge a very high price but have relatively few customers. Ideas in this section make really great online businesses. Think of famous books you might read, like The 4-Hour Workweek. There are a lot of customers, but the price-point for each one is pretty low. These are business ideas that have few potential customers and can only charge a very low price.
Any online business idea that falls in this category is doomed to fail — before it even starts. This is your weekend hobby that nobody would pay for. Our 6-Figure Consulting System course. Since this course helps already-successful business owners make more money, it has relatively few customers, but it can command a much higher price.
Successful online business owners are willing to pay a premium price to grow their sales. The Find Your Dream Job course fits here. This is a program where I show people how to find a job they love. And because finding a Dream Job is something people really want, we can charge a relatively high price for the program. Books are great Mass Market products because lots of people buy them, but the price is relatively low. This is where we put all of our business ideas that will probably never see the light of day.
Some examples might include an ironing course or a class where I teach people about spicy foods. And any market where there are people, those people would not really pay. See how it works? Getting this right up front can save you thousands of hours over the long run. This is the same checklist that many of my students use to find and refine their successful online business ideas. Don't nickel-and-dime with service providers. Pay for the right service and move on so you can spend your energy on growing your business. Imagine after months of work, you finally score a guest post on Huffington Post , get a ton of traffic to your website, and then your site crashes.
Those few bucks just cost you hundreds of subscribers and thousands of dollars in revenue. Pay a little extra and sleep well at night. The first thing you need is your web domain, or URL. To see if the domain you want is available and to purchase it, I recommend going to Hover. Habits coach with a unique approach to fitness.
Created 2 online courses and authored 2 books. Has , monthly readers, and an email list of 13, subscribers. One popular hosting option is HostGator , though you can often get hosting through whatever site-build you use. As your business grows and you get more traffic, you can upgrade to a higher level. But I recommend WordPress for most people. You can get some beautiful, professional-looking templates that do the job fine for much cheaper. But for a little bit of money you can get a clean, professional look. One theme I recommend is Genesis at Studiopress.
While I recommend WordPress for most people, the fact is that may not be the best choice for everyone. For example, if your goal is to sell physical products online, you may prefer Shopify. But before I explain it further, I want to make an important distinction: ORG, however, is blogging software that must be installed on a web server, but allows full customization. For more information on the differences, check out this guide. You can create virtually any feature you want for your site with plugins; just download them and they work automatically. You have to find your own domain from another provider.
Thousands of themes so you can customize the look of your site. WordPress is free, but there are hidden costs: Offers the best features to make the perfect blog for your audience. Great SEO abilities so you can increase the number of people who view your site. Squarespace offers a host of elegant themes and allows users to build crisp, modern designs into their websites. You can easily add social sharing tools to make it easy for visitors to promote your content and bring people back to your site. Their Style Editor lets you quickly customize colors, fonts, widths, and images without fumbling through code and CSS.
Hundreds of thousands of merchants use this software as a way to grow their businesses and customer bases. Lots of flexibility in designing your online store. You can easily track inventory, customer orders, and much more. Shopify charges fees for each credit card transaction, ranging from 2. Pricier compared to other e-commerce platforms, but it depends on the plan you purchase as well as your volume of sales. With over 63 million registered users, Wix is one of the largest website-building platforms in the world.
It offers one of the best drag-and-drop builders available. This is great for anyone who hates fumbling with codes and finding plugins. Uses a drag-and-drop site builder. It offers easy-to-see, real-time changes so you can see edits AS you make them to your website. No ability to change the code to customize your site. Hundreds of beautifully designed and modern-looking templates. Offers many free apps to dial in your site the way you want. Hard to export data from your site. If you leave Wix, you could have to start from scratch.
With over 30 million users worldwide, Weebly focuses on providing an intuitive site-building software with a variety of free services. Weebly is a great option for beginners who want to create a website for their online business as fast as possible. Drag-and-drop abilities so you can easily modify your site. Lacks plugins, which limits the customizations you can make. Unlike Wix, you can switch themes whenever you want.
Unlimited bandwidth, pages, and content on the free account; great for beginners who want to stay as lean as possible. Excellent option for bloggers and people looking to grow their business because of the fantastic features and the flexibility of the platform — you can customize it so many ways and even turn your site into a solid e-commerce destination with plugins such as WooCommerce. Perfect for online businesses who rely on imagery — graphic artists, photographers, culinary experts, etc. Designed to showcase your products and services.
The top solution for online stores because of their robust platform that handles every facet of e-commerce: Their drag-and-drop site-building platform is superior to even Weebly, which makes the design process very intuitive. Great option for the beginner who wants to create a website for their online business as fast as possible and wants flexibility in the future for customizations WITHOUT spending a lot of money.
I've thrown a lot at you. If you want, I can send you a printable PDF of all the online business tools listed above that you can always refer back to. In Part 1 , we looked at the dark side of online business and learned how to avoid Marketing Tactical Hell. Remember, it's not magic, it's math. In Part 3 , we walked through 6 major online business models so you could see which model is right for you. In Part 4 , we talked about the success mindsets of successful online entrepreneurs and dismantled the three most common fears to starting a business.
In Part 5 , you learned how to plot your business ideas on the Demand Matrix to help you find your Golden Goose.
In Part 6 , we looked through the Technology Toolbox to identify the best tools to build your online business, so you can get started right away. Finally, in each part, you read the stories of my students who started from zero and created a successful online business that lets them live life on their own terms. I hope this guide inspires you to get started creating your own online business.
I give away tons of free material about these topics. The course is closed now, but if you want to get a heads up when it opens again, enter your email below. Getting Traffic and Leads. Just let me know where to send it takes 5 seconds: Give me my PDF. It's the new business reality. I know, because I did it. Millions of people willing to pay you. Why start an online business? Join my newsletter for more free advice on how to build your own successful online business. This content is for educational purposes only, and is not tax, legal, or professional advice.
Always do your own due diligence. Any action you take on the information in this video is strictly at your own risk. Are you ready to learn how to make money online without investment in ? Let me show you what I would do if I were you…. If you are not sure how to make money online without investment then this video should help you out quite a bit. What I tried to do inside this video is give you an idea of what I would do if I had to start all over.
This advice is also what I have been giving to my friends and family who are wanting to get started online. The best ways to make money online are not always the best for everybody, so find what works best for you and keep pushing forward. If you have any questions on how to make money online with no investment then please comment below and I will be more than happy to help you out.
If you have any questions regarding making money online, entrepreneurship, passive income, marketing, or anything in between, then please post your questions in the comment section below. I am always happy to help out a fellow online entrepreneur. There are a lot of great ways to make money online in , so find some that work for you and stick to them.
What I can tell you is that every online business is not going to work for every person, so find what you like and stick with it. If you have any other questions on how to make money online without investment then please comment below and I will help you the best that I can. You Have Successfully Subscribed to the Newsletter. Take a minute to register for free and start sharing! Join our mailing list for exclusive offers and deals! There are literally thousands of methods, which is why I want to give you a brief overview of 4 of the most effective and most common methods that I know of.
If you are wondering how to make money online, this short guide will give you a small glimpse into the world of online marketing! In todays video I talk about the top 3 easiest ways to make money online in with freelancing, shopify and cryptocurrencies! I believe that now is the easiest time in history to make money online and you need to take thesemoney making opportunities while you can. We have partnered with shopify for the deal above We have partnered with shopify for the deal below.
Once you can rank a site at the top of the search results like I teach… you will receive a endless amount of traffic to your links and websites. And Im not talking about Adsense. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! Are you ready to be a part of Something Real, Something you can be comfortable with, Something you can count on?
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Even if you are a complete newbie in the internet marketing world, you can still earn substantial amounts of money with this opportunity. This is made possible by the step by step training and tools provided in it. It provides a complete all in one intervention, which can help you to achieve massive amounts of income. Right now, I freelance casually as a side hustle by going through a website for assignments. I can essentially do as much or as little as I want through them, do not have to do any marketing, and can pick and choose what I work on.
Since this is side work, I don't have to depend on it to replace a full time income, but I've considered it a wonderful learning experience on the way to branching out further on my own.
How to Make Money on the Internet
Hey Cathy, glad you're doing well with freelancing so far! If you ever move to a place like Chiang Mai where the costs of living are ultra low, you can easily make enough to have it be full time. But you're right, either way it's great for learning skills and branching out! Real talk, love it. Especially the last paragraph. I avoid those kinda people like the plague nowadays. Ok, back to work now ;. That is very encouraging and honest. Need to step up and do the work! Thanks for this post, Johnny.
These are definitely proving to be tough but exciting times in our life right now Anyways, thank you very much for your frankness and honesty, and for the gracious wealth of information that you continue to share. I sincerely hope that I can change my circumstances enough to make this lifestyle a reality for us. Kind of hoping for a miracle at this point, hah. But excited and ready to work hard at this to change our life.
Hey Wesley, whatever you end up doing, it sounds like you're on the right path of getting yourself out of a tough financial situation! Go through the videos at http: Hey Johnny, very informative post! Do you know any Singaporeans or Asians who have succeeded with dropshipping? Hey Carl, plenty of Asian people have been successful with dropshipping but mostly selling in the U.
Asia itself is a hugely untapped market as Amazon doesn't really ship here and places like Lazada.
So there is a TON of potential and lots of money to be made. Lazada doesn't sell it. So he had to find a local store which was difficult. It would have been easier to find online but it doesn't exist yet. A lot of great info!
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I need your advice of where to start. I am a single broke mom of three. I was working at a call center, just commission and that didn't work. I want yo travel with my kids and enjoy life so please tell me where to start. I could probably put together for Antons course but if I did, I am not sure I could pay the next rent. How long would it take to start making money on Anyons course? And would it be more than to start?
Would you say s person in my position should start there? I really need a change asap! Also I like in Phuket and visited Chang Mai in my 20's. You got the right idea!
Why start an online business?
I also lived in Dominican Republic for many years, it was great. I live in Florida now, very depressing and people really don't live. I can't wait to make money and get away from here! Hey Leanne, do not spend your rent money to take a course, no matter how good that course is, as it's like spending your last dollars on something that will pay you back months from now.
In your case I would start selling on ebay by following David Vu's course which is much cheaper, just go to http: Do you know of any courses that allow you to pay fees in installments? Hey Linda, the only dropshipping course I recomend is Anton's and he doesn't do installments. I'd suggest starting with something cheaper on the list above, then buying Anton's course with the money you earn from it. Great post Johnny, really well broken down to remove excuses for people. I started with the eBay model, made sales after 2 weeks and then moved onto the Anton Method.
Thanks for all the content you put out, I learn so much from every podcast episode. Sign up with the link http: Didn't intend to be anonymous - not sure where or how to "log in" to post with an identity I'm not active on social media. Thank you for publishing my comment. Thanks again for all you do to help others, Johnny,. Hey no worries, happy to have you part of the community Penny! Thanks for your inspiration! I read your posts and emails as well as Anton's and they always provide me with daily motivation! If if was easy everyone would be doing it. Glad to have you as a reader!
Enjoy SE Asia wherever you are! Thanks again Johnny for the revised post. A lot of great stuff and have sent to a couple of my mates.
Easy As 1-2-3
Happy to do it. Thought it would be good timing as a lot of people are looking to add more income in the new year! Hey Johnny where can I find the details for the weekly coffee meetups? Just moved to chiang mai and keen to grow my social circle over here: Hey Josh, welcome to CM! Thanks Johnny, they are really good online money making tips. A lot of people would be able to change how they work and how they earn money. I have been into kindle publishing and crushing it and now have started an eCommerce store. Wow nice to hear that Rohit! Let us know how it goes! Hey Johnny, I loved your post.
I loved the sheer authenticity with which you have written this. I have been really exploring a lot of these options from a lot of days, and I want to have someone as a mentor, who could guide me through the process. I am ready to work hard enough. The only thing I am looking for is something that starts making money sooner, so that I can support myself on the path, and keep up my confidence, while I build a long term sustainable business. I would really love to have you as a mentor. Let me know how can I connect to you further. Hey Ankit, i'm really glad you found my blog as this is how I openly mentor people.
I don't have time to do it 1 on 1, but with posts like this I can be your virtual mentor. You have all of the information you need here, just go for it and keep me updated! Excellent post Johnny, I would like to ask you about dropshipping ebay, once you receive the money from people on ebay to paypal, you can buy with your same paypal money to your suppliers, like amazon for example? Or is it necessary to withdraw your money to a bank account or credit card and with it and the profits, finally buy from your sippliers?
You can use the same money as most merchants let you pay with paypal anyways. However, for new accounts paypal may hold the payments for a few days. I prefer to use my credit card, get reward points, and have 30 days to pay.