What is an Online Business? – The question asked by Millions

Go on, You can ask the question – What is an online business?


This question has been asked by millions, before starting an online business of some form. So you’re not alone, I’m going to guide you through this process, so that you will truly understand and get your answers to the question(s) that you’re searching for, ‘what is an online business?’. So lets, begin…

An online business is not that much different from the traditional business/company you see around you.

In a nutshell in a traditional business, you’d do the following:

    1. You purchase a store
    2. Decide what to sell – products/services
    3. Plan your store and set it up
    4. Market your products (advertising)
    5. Get the buyers/customers
    6. Sell the products/services
    7. Earn big dosh!

For an online business, lets see how different it is:

    1. Purchasing a domain name for your website (website address)
    2. Decide what to sell – products/services
    3. Design and create your website
    4. Market your products (advertising) – via SEO (Google), Social networks, like Facebook
    5. Get the buyers/customers to your website – we call them traffic
    6. Sell the products/services OR give some sort of VALUE to your visitors (FREEBIES)
    7. Earn big dosh!

So, you can see it isn’t much different at all, but the tools used for an online business are different. I’m going to now very briefly tell you a little bit more about the tools required for the above bullet points:

1. Purchasing a domain name for a website

You have to buy a website address, which we call a domain (it’s like you deciding on the name of your store). Domains can be bought from websites like Godaddy…

BUT I WILL TELL YOU AND RECOMMEND A COMPANY FURTHER DOWN, WHERE YOU CAN GET NOT ONE BUT TWO DOMAINS FOR FREE

2. Decide what to sell – products/services

This is exactly the same as the traditional way – you decide what you want to sell and offer to your customers.

3. Design and create your website

This is where, you might be thinking, I won’t be able to do that, it’s for the professionals, BUT STOP and relax for a moment. Time has moved on so much that ANYONE, can create a website, you don’t need any previous skills at all. I setup our website in 30 seconds, click here to read the full post. Everything has been made so easy and simple for anyone to quickly create a website with just some simple clicks.

Once upon a time, yes, it was very daunting and it was only for the experts, but those days are over and long gone. I hope your smiling now and getting your confidence level up, because you should be. If you don’t, then this is where your journey of being an online business owner may end!

4. Market your products (advertising) – via SEO (Google), Social networks, like Facebook

Now it’s time to promote your products and services – you can do this on social media sites (Facebook, Instagram, Tweeter, Google+, etc) and on search engines (Google, Yahoo and Bing).

IF YOU DON’T USE ANY OF THESE, DON’T WORRY, AS I’LL RECOMMEND A COURSE FURTHER DOWN, WHERE YOU CAN LEARN ALL THIS FOR FREE AT YOUR OWN PACE – so please bear with me.

5. Get the buyers/customers to your website – we call them traffic

Once you have done your free advertising, you simply wait for your customers or visitors to come on your website and have a browse and purchase a product or service they like, you can even offer something for free.

6. Sell the products/services OR give some sort of VALUE to your visitors (FREEBIES)

Just like the traditional way, you would sell your products/services. But the main focus will be to be giving something of VALUE to your visitor, whether it’s a product, service or even a FREEBIE because you want that visitor to come back and also tell others.

7. Earn big dosh!

As a result of the online transaction you will be making big dosh, and I MEAN BIG DOSH, even when your asleep. We call this passive income. You will sleep, but your website will not, it’ll always be trading. Also, your customers from all over the world, some will be sleeping while others from other countries will be awake and coming to your website. THE POTENTIAL MONEY MAKING IS HUGE!

Earlier, I mentioned a few times, that I would be recommending a website or company where you can get 2 FREE WEBSITES and also learn all about creating to advertising your website and making good money. The company is called…

Wealthy Affiliate

For this please click here to read our full review on Wealthy Affiliate and you will understand what I mean. But before you click here please do carry on reading the rest of this post.

Four popular online business ideas – which one will you choose?


Here are 4 of the most popular types of Online Businesses you can start without prior knowledge because you will get the education for it for – YOU CHOOSE HOW MUCH TO LEARN AT YOUR OWN PACE FROM YOUR HOME.

  1. Affiliate Marketing – This is the most popular type and it’s the easiest form of business to start and make money. You will be selling products for other websites/companies by writing a review/post/blog on your website and direct your readers to that site through a special link that tacks, that the customer was sent from your website. You then earn a commission, which could be anything up to 90% depending on what the product is. Almost every company offers an affiliate program, such as Amazon, EBay, Wealthy Affiliate etc.
  2. Review Sites – This is where you get to review new products and services of big brands and earn a fixed amount. The amount could be anything from $20 to $300 plus, it all depends on the product you’re reviewing and how much traffic is coming to your site.
  3. Designing and Developing Websites – This where you design and create a website for somebody else and charge them however much you want. In the past this was a difficult task, but nowadays even my 5 year old niece can create a website, that’s how easy it has become.
  4. Blog – This is where you write your own content and publish it. However, you will need a strong and big fan club before they are going to be your traffic (customers), following everything you blog about.

I want to focus more on Affiliate marketing, as this has taken the internet like a storm and people are making a lot of money using this business model.

Have you heard of Affiliate Marketing? If not please read our post here about affiliate marketing, you will be enlightened and on your way to starting a successful online business.

Please leave a comment, question or something I’ve missed in the comments box below, and one of us will get back to you asap.

All the best

Habib and Rani

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20 Replies to “What is an Online Business? – The question asked by Millions”

  1. Hey Habib and Rani, informative read containing helpful suggestions and tips to running an online business.
    I opted for affiliate marketing to operate my online business, like you mention it’s by far the most popular route to become established in building a business around your passion and earning revenue through visitors purchasing products/services via your links.

    I have rented high street shops before where their monthly rent far exceeds the annual hosting & training charges of Wealthy Affiliate not forgetting ongoing costs of stock, insurances, business requirements/taxes and utility services, the list goes on.

    It does take time to attract visitors into a website but like you say there’s no better place to start than social media, then overtime once search engine rankings are achieved, is when businesses exponentially grow. Like anything legit, there’s no overnight riches, they come as you become established.

    The beauty of affiliate marketing however is that your business can be global – a huge difference in terms of revenue compared with a high street shop.
    Simon.

    1. Simon, thanks for the comment and we couldn’t have put it any better. You’re spot on with the huge benefits of an online business in comparison to a high street shop. It’s a no brainer.

      I’m happy we have been informative about the the online business world, and hope to help all our visitors that come to our site, so they can make the right decision. All the best

      Habib and Rani

    1. You are very welcome Ha Roda. With an online business it entirely depends of how active you are on your business to see an income coming in. Some people start to see a revenue coming within weeks of starting the business and for some it can take few months.

      However our advice is not to focus on the money at the beginning of your business, but focus on building your site and give a lot of valuable contents to your customers, and the money will start to flow in automatically. That feeling is out of this world. All the best.

      Habib and Rani

  2. Hi Habib and Rani, your post is simple yet very informative. I’m sure a lot of readers out there would come to realise and think about the beauty and practicality of starting an online business right NOW. Not only does it not require previous experience, but more importantly, since income is considered passive, whether it takes a couple of months or years to build, the possibility of working at your own pace and more freedom to spend to other endeavours. Thank you for this great post. Keep it up!

    1. Thank you for the compliments and we’re sure our visitors will find it interesting and informative, just as you did. Millions of people want to start a an online business but not sure how to begin, we are aiming to help them with this post. Thank you

      Habib and Rani

  3. I think affiliate marketing is the way to go. If you create good content about a certain niche, I don’t see a reason why you shouldn’t be making good money. Good content will make people want to read your posts. If you get enough traffic, there is no reason why you won’t be making that money

    1. You are right Aladin, affiliate marketing is the best way to go, and it is also our recommendation. That’s the reason I’ve left a link at the bottom of this post, where our visitors can click and read all about affiliate marketing. It truly is an amazing way to make an income, whether it’s full time or part time, and the beautiful thing is, it becomes passive income. All the best

      Habib and Rani

  4. Hello Habib and Rani,
    I enjoyed your post, learned a lot. I know everyone is different, but how many hours a day one should spend working on their online business through WA in order to start earning money?

    1. Hello Liana, our advise is to spend as much free time as possible to see some quality results and start earning a steady permanent income. But if you don’t have a lot of time, then as a guide we recommend about 1-2 hours every day if possible and consistently. The more you spend early days into your business the less you’ll have to spend on it when it’s well established within the online world. All the best.

      Habib and Rani

  5. Hi Habib and Rani!

    Your website is nice and simple, very easy to navigate through it and you explained everything very thoroughly! I am just starting in the online world and your post inspired me to go for it 🙂
    thank you,
    Csilla.x

    1. Hi Csilla, thank you for finding this post easy and simple to understand, and we are very happy to have helped you join the online business world. Please don’t forget to click on the link on this post to join and start your online business, then we can help you on the other side on Wealthy Affiliate. All the best, and happy to have you on board.

      Habib and Rani

  6. Thank you for sharing. Your website is very easy to navigate through it and you explained everything very thoroughly! I am just starting in the online world and your post inspired me to go for it.
    Thank you, 😄

  7. I like this website. It has given me a lot of tips ALL in one place that I have been searching for. Thank you so much.

    Kayes

  8. Dear Habib and Rani,
    I was searching on Google about how to start an online business and landed up on your website! Straightaway it caught my attention because of it’s layout and easy to read content. I’ve just read this post and WOW it’s so informative. It’s educated me on various options available and helped me make an informed decision about the Wealthy Affiliate, which I am going to have a look at in a bit. Can I ask how the support network is like within the wealthy affiliate? How practical is it to achieve your money freedom if you don’t mind sharing your personal experience? Thank you

    1. Hi Syed,

      Welcome and I’m glad you’ve found us and thanks for the compliments. You surely have landed on the right platform, the Wealthy Affiliate. The hands on community is always available for a live chat or instant messages if any questions you may have. Also the big bosses Kyle and Carson are active within the WA and answer members’ queries on a regular basis. In terms of practicality of achieving your goals; there is all the right support and materials available for you to succeed. The question is how much are you willing to give to make the success happen?!

      We made it happened through consistent perseverance and hustling with the full time job alongside. Which shows that it is possible. Please ask if you need to ask anything else.

      Habib and Rani

  9. Wow what an informative post. I enjoyed reading this and the rest of your contents. You’re really helping the next generation to get richer and healthier. Thank you.

    1. Dear Amy, we are happy to hear you have enjoyed reading the post and our aim is to help every single visitor that lands on our website to become Richer and Healthier. We are, and always will be updating our site with the latest tips and hacks to stay richer and healthier. All the best

      Habib and Rani

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