How to Start a Profitable Online Business in 3 Simple Steps

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hey guys I’m back with a new video and I’d like some feedback the videos that I have been posting recently haven’t been animated book reviews or fallacies or biases I’ve been putting out a lot of stuff that I have found interesting stuff that I actually enjoy animating and talking about and I want your feedback you guys enjoy listening to stuff about this and this video is going to be on how to start an online business and I’m going to include some tips that I have found useful the first step in starting an online business is finding a problem now this is the first step in starting any business you have to find a problem I’m gonna give you some examples some examples include unknown knowledge someone just doesn’t know something and you’re gonna tell them another example would be unorganized knowledge they might be able to find it but they might not be able to understand it and one of the biggest problems is boredom people don’t know how to spend their free time or free money and they want to find a way to solve that problem and you have to find a way to solve it for them now the next step after you find a problem you have to figure out how to solve it and this is where the creativity and imagination part come in very helpful you have to find out how to do this on your own so let’s take the first problem that I mentioned the unknown knowledge and for example I’m taking a lot of these unknown little tidbits of information and I’m putting them on my channel like lucid dreaming intermittent fasting cold showers and I am offering them to users and I’m trying to solve the unorganized problem as well I’m trying to put it in a format that is easily digestible for any person to understand you can solve it through a YouTube channel like I’m doing you can solve it through a website which I plan on doing you can solve it through a product or service you can actually create a product and ship it to the end-user or you can come up with a service that is like subscription-based or a one-time fee I started selling my videos if I made users pay a dollar or five dollars per video that I created that would be an example of a product and as soon as you figure out how to solve the problem then you can move on to the third step and that is monetizing it finding a way to make money out of your problem and this is probably the most interesting of all the steps because this is where the money comes and everyone loves money so if I take my example and I’m solving an unknown and unorganized knowledge problem and I’m solving it through a YouTube channel let’s say I can monetize it through advertisements I can put advertisements onto my YouTube channel and earn money through that I can also monetize it through selling books I’ve been doing a lot of book reviews lately and if I put the book link under the description and someone buys it I will get some money from that I can also do partnerships so if I started doing advertisements at the end of my video I know a lot of videos do audible there are many others but if I started doing that I could earn money through that or like I said earlier I could sell a product I could start marketing and selling my videos and a lot of people do this on a larger scale except they don’t even sell their product they sell someone else’s product they find a problem that is that someone doesn’t know about a product they solve it they basically buy advertisements and tell them about the product and then they monetize it they sell someone else’s product they are literally making money off of someone else’s product all they have to do is show them so this is a really short video on how to start an online business and I have done this a few times I’ve created a few websites and made some money off of them I wanted to offer the best advice I could to you guys if you guys enjoy this video subscribe and I hope you liked it leave a comment below of the best online business idea that you have thought of if you would prefer to discuss thanks for watching