Will your online business be profitable to support your family?

online business

 

I am sure that one of your main concerns is if your website, online business or even your blog will ever be profitable enough to keep your wife, your husband, your children, your home.

I know that there are many fathers and mothers, sons and daughters who think about this before starting a business on the Internet because I receive many emails with these concerns.

Not everyone wants to make money online, but if you want to generate online revenue will have inevitably thought if someday will achieve win enough to make the effort and work have paid off.

How can you make money online?

The first things we have to analyze are the different ways to make money if you want to launch an online business, a web page or a blog monetizing.

This is important because it shows the different methods that you can use to generate income in the present or in the future.

If you want more information about these ways to monetize a blog, click on the following, Of course, there are other methods, but I wanted to give you just a small explanation of the main forms that exist in case you are a beginner in the world of making money online.

Now that you have all this in mind, we can move on with your true concern:

If you start any of these methods that I mentioned, will you be able to earn enough money to support yourself and your family?

Will your website profitable online business or blog?

Then I teach 9 questions you should ask yourself before starting the world of entrepreneurship and that you will know if you can get the level of performance you want, and to help you consolidate multiple strategies to make your business succeed.

  1. Do you have a number of goals that you have written on paper?

A few years ago, a good friend of mine (successful owner of several real estate companies) encouraged me to think about my goals.

online business
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I’ve always had some kind of general ideas about where I wanted to go with my online and physical businesses, but this friend made me write them down on paper.

And since I practice this exercise, my endeavors have greater success because they have a clearly marked address.

If you do not have a set of goals for your business online, website or blog, the chances of you find it difficult to take your business to another level and increase your income in the future are very high.

Try to develop some goals or goals in the short, medium and long term and always manage your business, blog or website in order to reach those goals.

  1. Do you take risks or avoid?

Business people who have greater success in the short term take great risks.

It is important to recognize what kind of business is the one you want to start.

If it is something long term (lasting over time) and stable, you must ensure that there is a balance between risk you are taking and security in some ways you can provide.

online business
Image source: Google image

A blog, an online business or a profitable web page is like a chair with two legs: it is not stable.

So you should check very well if you can add some values, strategies or techniques to make it firm and lasting in time.

  1. Is your brand different from the rest?

Every year, literally million of new blogs, websites, and online businesses are created.

If you do not find some way to be different from all of them, you will not last long.

One of the best books I’ve read is How to grow brands (How brands grow), Byron Sharp, where marketing ideas based on hundreds of data and information are analyzed.

online business
Image source: Google image

And one of the main results of these analyses is that no matter how original is your business or your brand is the first in something; what is really important is that you are DISTINCT in something.

If you look at your business and see no difference with your competition, then it is not good enough 

  1. Is your niche sufficiently defined?

A few years ago I met at an event the owner of an online fitness business for nerds (which typically is known as nerds or geeks) and told me that one of the things that had triumphed was for having done it as unique as possible.

online business
Image source: Google image

Of course, he could have created another exercise site for all sorts of people, but then his web page would have been exactly what other exercise pages are on the internet.

That is, this entrepreneur was set in a niche market, and then sought a more defined audience within it.

This is very similar to the previous point, but instead of focusing here on a brand, you must focus on the niche market, ie on customers who want to get.

The companion with whom I spoke focused on nerds who also wanted to get in shape.

The best thing about the Internet is that there are enough customers in (almost) all niches. So do a little keyword research and make sure you do not address a general audience, but one specific.

  1. Your income comes from several sources?

In my early days as an entrepreneur, when I only had a couple of business, 85% of my income came from just one business. And that worried me.

If that source of income, that tap of money dried up, it would be in a great predicament. The remaining 15% of the money from my other business would not be enough to feed me.

online business
Image source: Google image

And the same goes for your online business, your website or your blog is a risk only to have that revenue stream if you want to support your family.

Make sure you get income from multiple sources and in different ways.

Think about online courses, give advice or provide your services, have a blog monetized with ads, sell products, etc.

It is imperative that you have a mattress of money to fall into if other options fail you.

  1. Are people willing to buy on your page?

One of the biggest doubts companies had when Facebook launched their paid ads is whether people would actually tap into them and buy the products, or if they would just watch the pictures without buying anything.

online business
Image source: Google image

And the same rule should apply to your website, business or blog.

Are you in a niche or thematic where people are interested in taking out your credit cards and making a purchase?

Or are these people just looking for some quick information and will not even pay a few cents for it?

I’ll give you a clearer example so you can understand it better: imagine that you have a blog where you teach tutorials to do crafts, and you decide to monetize it by selling your own crafts made by you.

You should investigate if all the readers you receive just want free information to do their own crafts (and do not want to buy yours), or if they would be willing to learn and also buy the crafts you made.

If you find yourself in the second case, that blog will be profitable to support your family; But if you are in the first case, nobody will buy you and you will not generate any income.

So you think well and investigate everything necessary if the topic or niche in which you are entering has customers who want to pay for what you sell.

  1. Are you collecting email subscribers useful?

Once you launch your online business or your website, it is necessary that you collect emails of your visitors because that would be a safety net for you if something fails.

online business
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You can do this by creating a newsletter to keep them up to date on new products, offers, or you can get your emails by giving them something valuable as a free little guide on your industry made by you.

Why are these subscribers a safety net? Because if you do not get much traffic from search engines (and therefore do not get sales), with subscribers yes you will.

Every time you send an email announcing a new article, service, or discount, thousands of subscribers will see it, they will visit your page, and probably hundreds of them will buy what you sell.

So I would highly recommend that no more launch your business or website, start collecting the email addresses of your visitors.

  1. Are you an expert in one field and that will attract long term?

One of the saddest things I usually see is people entering a business without having any idea of the industry in which they enter. It’s kind of like asking for medical advice from a car mechanic.

online business
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If you want to generate a long-term, substantial and stable income in your online business, you need to be somehow an expert on that subject.

The worst thing you can do is to put your energy into a project that you do not know too much about because:

  • You lose time thinking about how the industry works or what types of customers are related to this sector.
  • In the long run, you will end up getting bored or hate it because it’s not something you’re passionate about.

I’m not saying you’re an expert with a university degree, but you have to know well the world in which you move with your venture.

Do you know much about Italian food? Start a business with it. Are you passionate about motorcycles? Take advantage and make a motorcycle website!

  1. Do you work with numbers and correct techniques?

There is no reason to create a business or website if you do not know if someone is going to buy you what you sell. And so the first thing to do is work on your sales strategies.

online business
Image source: Google image

If you want to have a profitable website that will keep your family really need to make sure that the web, blog, or business, is able to give you a good income.

So you have to work for it, strive, learn sales techniques and testing to see what works and what does not.

Do not believe that on the Internet is too open a site, and ale, wait for customers and sales. On the Internet, you also have to know how to sell.

  1. Clean floors if necessary

I know this is not a question itself, but carries an implicit question: what are you willing to do to keep your family?

When I left my job for $ 4,000 a month to start a business but had a good money saved was not enough to pay my expenses for a season and a time to launch my business (you can read more of this here.

Or I invested my money saved to start my business and I would starve, or eat and pay my rents and I had no business.

I had to take a work from 6 to 10 in the morning cleaning in a gym to have enough money for both.If you really want to have an online business that will keep your family, you must be willing to make that happen, even if it takes a little more than what you expected.

online business
Image source: Google image

You need to even be prepared to work in the offline world until you acquire the knowledge, money or experience to achieve it.

Do you like the article? Then share on all your social networks with your friends and help me to continue to grow Gianni as a community of entrepreneurs.

And please leave your comment below with your questions and your thoughts. Your opinions and doubts can really help others like you.

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