Do You Want More Control Over Your Financial Future in 2021?
This year, more than any other, millions of people all over the world have experienced the benefits and challenges of working online. Online businesses have seen huge growth as we have all spent more time at home.
Do you enjoy working online?
If the answer is yes, then it’s a very good time for you to launch your products and services online. Whether you want to increase your income with a “side hustle” or launch a new business online to replace your income completely 2021 is a great time to launch yourself online.
1. Advantages and Disadvantages of Working Online
- Less time wasted commuting
- More time to spend on exercise and preparing healthy meals
- More time with family
- More control over your financial future
- More flexibility over your working schedule
- No boss but yourself to answer to
However, there are challenges to working online and working for yourself. Before you think further about moving completely online you may want to also consider the possible disadvantages.
Possible disadvantages include:
- Loneliness – until you establish your online support network
- Fatigue – if you don’t manage your working hours
- Procrastination – it’s easy to throw out your daily schedule if only you are going to suffer if you do
- Financial stability may also be much less than if you are working for someone else
- Social and family time can suffer until you get established
How can You Manage Your Time Better When Working for Yourself?
- Block time management
- Pomodoro technique
- Goal Setting – for the day – 3 things
- Short term and long-term planning – set goals for the week, month, quarter and year
- Allow yourself some flexibility without beating yourself up – you know what you need to get done and flexibility in exactly when you get it done is an important perk!
FOR THE BEGINNERS GUIDE CLICK BELOW
2. What Service or Product Can I Sell Online? Sell Your Skills Online
The easiest way to begin online is to use the skills and experience you already have and offer them online or virtually.
So, if you are an accountant or teacher you can set up your own digital online platform where you use your current skills. Or you may be a Administrative Assistant or Artist – whatever your skill or experience you have you will be able to sell it online.
You can set your own prices, which will take into account setup, sales and marketing budgets as well as your living costs.
However, you do not have to rely on your previous work experiences if you want to work completely online.
3. Sell Your Knowledge and Expertise
2020 has seen huge online sales on interests and pursuits that were previously considered peripheral.
For example, did you know that pet care and pet products is one of the top online selling niches in 2020?
Similarly, preppers (people who prepare for national and international emergencies by stockpiling supplies) have seen a huge increase in popularity.
Wherever you live in the world you will have been touched by the Covid-19 Pandemic, and some of have had their lives completely turned upside down.
The effects of the Covid-19 virus have highlighted the fragility of our health, and our economies (and the efficacty of our political systems!)
So how does that affect you if you are not a pet lover or prepper?
Your hobbies and personal skills can be a source of inspiration and motivation for others. The most popular YouTube Videos for awhile this year were from home cookery demonstrators – as restaurants became unsafe and were shut down in 2020 millions more people learnt to cook.
You-tube channel content creators make a monthly revenue after their viewers reach a certain number, through advertising revenue.
Or you may prefer to talk about your expertise through a blog, which can also be monetized through advertising, eBooks and online courses.
4. Know Yourself Better
What you choose to do will depend on your personal strengths AND weaknesses. If you are an introvert you probably won’t want to share what you know on You-tube, but you may be happy to write a regular blog.
It’s important to use your strengths as well as your knowledge.
If you hate social media, for example, you may find it easier to hire an ads manager and social media manager and hand over the sales and marketing of your online business to someone else or an agency.
A good rule of thumb is “Can I talk about this topic or write about this topic for 6 months to a year without running out of ideas?”.
If you want to learn more about Content Marketing and SEO head over to my blog HERE
5. Research the Market
Once you have decided what product or service you want to offer, it’s time to research the market.
It may surprise you to find out how many people are offering something similar – however this is not a reason to not to do it. No-one will offer products or services in the way you will so you can then start to figure out what will make your product or service standout online.
Part of what distinguishes your service or digital product will be:
- How you present it – your offer
- How you present yourself – what’s your story (customers like to know)
- How you market
- Your Sales Strategy
6. Uncover Your Ideal Customers
You will also need to research who is likely to be interested in buying from you, and where they hang out online.
If you can work up a profile of who your Ideal Customer is, it will help you direct your marketing and sales towards them. For an online business launch to be successful all of your content – on social media and on your landing pages needs to appeal to your Ideal Customer.
If you struggle with this, you may mind this helpful:
If you want like more tips on how to set up your own source of income from an online business, download the FREE GUIDE
7. FUTURE STEPS
Although all you need to learn about online business: setup, sales and marketing, can appear to be daunting when you start, it can be done.
You cannot however be one of the successful online entrepreneurs, earning good incomes every year, without starting the process.
However, even if you are on a budget, you should not hesitate to pay for the expertise you need – as you can save yourself months if not years if you do this. (I ignored this bit of advice when I started out and lived to regret it).
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