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NOW ONDo you have no money but you have a ton of will power, and you want to start an online business from scratch? Okay, listen. Kid, you're freaking crazy if you don't have any money and you're looking to start an online business. But I'm going to go over how it is possible and how we can do that in this video.
The first thing I would do is quantify your time and quantify the amount of money that you are willing to invest. Write it down. Okay? Seriously. Get real about this. Because can you spend 2 hours a day creating your online business? Or you know, how much can you invest? Can you invest a thousand dollars? $2,000, $10,000? Because this is real talk. it's going to determine what sort of business you can start.
Next thing I would say is know your strengths and your weaknesses. So, if one of your weaknesses is you hate talking to people, okay? You hate doing customer service, you hate pitching clients or doing sales. Starting a social media agency is not going to be your thing.
Now, L stands for learn, okay? Learn about the different business models that are out there. There are a lot of different ways to make money online. You could start an ad agency, could be an affiliate marketer and write ads. You could start a social media marketing agency. You could do consulting or coaching. There's a whole wide range of things you can do.
The last item here is conferences. I actually think conferences are very important for making things real. Every industry has conferences. You know, affiliate marketing has conferences. Amazon sellers have conferences. Consultant or social media agencies have conferences. Freelancers have conferences.
Q: Can I start an online business from scratch with no money?
A: It is possible to start an online business from scratch with no money, but it requires a lot of willpower and creative strategies. The key is to be realistic about what resources you have and be willing to put in the time and effort to make it work.
Q: How should I quantify my time and money for starting an online business?
A: Quantifying your time and money involves clearly defining how much time you can dedicate to your online business each day and how much money you are willing to invest. Understanding these factors will help determine the type of business you can realistically start.
Q: Why is it important to know your strengths and weaknesses in business?
A: Knowing your strengths and weaknesses is crucial in business because it allows you to play to your strengths and mitigate your weaknesses. Understanding where you excel and where you struggle can help you choose the right business path.
Q: What should I learn about when exploring different business models online?
A: When exploring different business models online, it is important to learn about the various ways you can make money, such as through ad agencies, affiliate marketing, social media marketing, consulting, coaching, and more. Understanding these options can help you determine the best fit for your skills and interests.
Q: Why are conferences important for growing an online business network?
A: Attending conferences is valuable for growing your online business network as they provide opportunities to connect with industry professionals, learn about new trends and technologies, and build relationships with potential clients or partners. Conferences can help you expand your network and stay current in your field.