Which Online Business to go for?

by Finn99
12 replies
Hello, as most of you all know that I was planning to buy a premade site from Flippa or FE International for doing online business but now I have changed my mind as the members of this forum gave me a solid info to start my own thing.

Now, let me tell you guys something. I always wanted to create an Online Brand or Company to be honest, or I always wanted to have my own Website for doing online business to earn a living. Hence I wanted to buy a premade site but I don't anymore.

Now, I was browsing this forum properly and many members are making 1K USD+ per month via Shopify, Instagram, Amazon affiliates. These 3 are the main trend here on this forum as I noticed. Also, proper keywords, domains, SEO etc.
Now I need to make a minimum of 1K USD per month to pay my bills etc. And I will work more and invest a bit more if I get proper ROI ( Return Of Investment ) from the 1st investment. So, which line of online business should I go for? Shopify, Amazon affiliate, Instagram or what?

And guys, can you just give me an approx estimate for making a site with the most ongoing multiple niches, proper domain, multiple keywords, paid traffics, proper SEO and other expenses required for starting an online business?
I am really confused as what to do online for making a minimum of 1K Usd online. Hence I seek your advice and help.

And are there any professionals here in this forum that makes sites like these and helps them to grow and do business? Of course gonna pay him.

NB: I know I have made 2-3 topics regarding the same thing but I am getting different ideas every day and I want to be completely 110% sure for investing a good amount on something so that I would get proper ROI. So, kindly bear with me.

Thanks and Regards,
Finn
#business #online
  • Profile picture of the author writeaway
    The whole Shopify Oberlo Aliexpress estore option sounds great and is definitely appealing but is too intensive for many marketers.... specially newbies.

    You've got to walk before you run

    I suggest service arbitrage
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  • Profile picture of the author Steve B
    Finn,

    Before you choose your business model and platforms for selling, you first need to establish the niche/topic of your business. It's best to do this by considering what audience you are going to serve.

    In other words, start with the "demand" that already exists online. What are people begging for? What do they want to buy online? What problems are they anxiously trying to solve? What have they proven to spend money on?

    It's best to be specific and identify one group of like-minded people with a common interest that you are going to help. This is the first step and it will dictate the business model you choose and the platforms and venues you end up focusing on.

    By knowing where there is buying demand, you can then consider the many things you might offer to your audience in order to "supply" or fulfill that demand. Otherwise, you run the risk of building a business that nobody is interested in.

    The very best to you,

    Steve
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    Steve Browne, online business strategies, tips, guidance, and resources
    SteveBrowneDirect

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  • Profile picture of the author spartan14
    Online business implies traffic to your offers .And the best traffic that you can get its email list and i will explain you why .To achieve free trafic from yt facebook etc .You must work a lot or consistently .If you start working then after some time it will decrease or disaper completly .You can also pay for traffic but you must spend money and to have consistent you must buy always .But with email you own it per life
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  • Profile picture of the author ryanbiddulph
    Pick an online business you feel passionate about. Do not base your choice on potential profits. Follow your fun.
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  • Profile picture of the author Rory Singh
    For me personally I only focus on (1) product. This product must have a low cost on the front end But higher cost (and profits on the backend.

    It must contain a lot of value in this product for me to 'see' the value in it for my 'self'.

    ENOUGH for me to OWN it.

    If not...

    Then I won't be able to successfully sell it to another soul.

    Sure there are some folks...sociopaths who can sell anything to anyone.

    But they are in the minority.

    So OP...

    Make sure that what ever you decide to pick...that this thing really resonates with you.

    Look at yourself and you will find the answers.
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  • Profile picture of the author JohnMcCabe
    Originally Posted by Finn99 View Post

    NB: I know I have made 2-3 topics regarding the same thing but I am getting different ideas every day and I want to be completely 110% sure for investing a good amount on something so that I would get proper ROI. So, kindly bear with me.

    Thanks and Regards,
    Finn
    Finn, if you wait until you are 110% sure you'll get your desired ROI, you'll never start. There will always be some nagging question holding you back.

    And there are many more than those three business models to look at (not sure "Instagram" itself is a business model for anyone but Instagram).

    The three basic ways to make money online are:

    > Sell a product. It could be a physical product, a digital product, or even something like "attention".

    > Sell a service. Freelancing, consulting, 'back of house' work like site management, etc.

    > Connect buyers and sellers, taking a percentage of each transaction. In other words, be a middleman. Affiliate marketing and the previously mentioned service arbitrage fit here.

    Which resonates with you the most? Spend time exploring that one. Pick a model and get started. I've been at this for over twenty years now, and I've never been 110% sure of my ROI.
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  • Profile picture of the author GosuCommerce
    Originally Posted by Finn99 View Post

    Hello, as most of you all know that I was planning to buy a premade site from Flippa or FE International for doing online business but now I have changed my mind as the members of this forum gave me a solid info to start my own thing.

    Now, let me tell you guys something. I always wanted to create an Online Brand or Company to be honest, or I always wanted to have my own Website for doing online business to earn a living. Hence I wanted to buy a premade site but I don't anymore.

    Now, I was browsing this forum properly and many members are making 1K USD+ per month via Shopify, Instagram, Amazon affiliates. These 3 are the main trend here on this forum as I noticed. Also, proper keywords, domains, SEO etc.
    Now I need to make a minimum of 1K USD per month to pay my bills etc. And I will work more and invest a bit more if I get proper ROI ( Return Of Investment ) from the 1st investment. So, which line of online business should I go for? Shopify, Amazon affiliate, Instagram or what?

    And guys, can you just give me an approx estimate for making a site with the most ongoing multiple niches, proper domain, multiple keywords, paid traffics, proper SEO and other expenses required for starting an online business?
    I am really confused as what to do online for making a minimum of 1K Usd online. Hence I seek your advice and help.

    And are there any professionals here in this forum that makes sites like these and helps them to grow and do business? Of course gonna pay him.

    NB: I know I have made 2-3 topics regarding the same thing but I am getting different ideas every day and I want to be completely 110% sure for investing a good amount on something so that I would get proper ROI. So, kindly bear with me.

    Thanks and Regards,
    Finn

    You can get a webstore by ordering ready custom store (on wocommerce/wordpress platform) at alidropship. And their plugin can help you with dropshipping a lot (for example, with searching for products on AliExpress and importing them to your store (and other features, but you can google if needed)). If you're ready to work much - that's awesome! So you're gonna promote your store (via Instagram, Facebook or smt else - I highly recommend you to learn more about that). Well, in few words - you need to get a webtore, fulfill it, promote it. So, you need to know how to do that properly. Btw, when you'll make up your ming to get rid of your store - you can sell it on Flippa
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  • Profile picture of the author technicky
    Maybe the best way to choose the best online business to go is the kind of business that you are interested to do. Things that you will enjoy doing and have fun.
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  • Profile picture of the author legitsellerusa
    If you really want to make your own webstore (and I highly recommend you to get your OWN webstore) there is guys, who can help you to create a webstore - alidropship (order ready store)
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  • Profile picture of the author GrowthMonger
    Hi Finn, you should watch Justin Bryant on YouTube on how to make 1k per month without investment. I have personally gotten alot out of it myself.

    Hope that helps.
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  • Profile picture of the author michaelandy
    Hello, Finn. If you are looking to start an online business then first you have to decide the topic for a business based on your suitability, profitability and audience availability. If you are having a perfect audience engagement related to that business then it will be a win-win situation. Otherwise, there are having lots of online business to go for but going without proper way will ruin your business.
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