How To Start An Online Business

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hey guys what’s up my name is Michael and in this video I’m going to be talking about a question that a lot of you guys are asking me on Instagram Twitter Facebook everywhere and it’s simply it’s actually a pretty basic question and it’s how do I start an online business right [Music] [Music] the answer dough is not really that simple because the real question is what kind of online business do you want to start right because there are so many I mean there’s probably a million different ways like literally a million different ways to make money on the internet and the reason is an order new question is why do you actually want to start an online business right because I personally think that there’s a lot of people out there nowadays who have sold a specific dream or a specific weird idea often of how online businesses work by gurus or by people who kind of like or who walk on the beach with their with their camera and tell them they can make five million dollars in one month with some proof and kind of system right but the problem is that this is absolutely not the reality guys I mean in the end and what I always say to my students or my mentees or people who actually just seek advice from me is an online business is nothing else than a normal business just taken online right it’s not like this new revolutionary thing that everyone on the planet can do that will save humanity and that will allow you to live in freedom for the rest of your life right it’s just simply a different way to do business right using a different medium which is the Internet to actually get clients acquire clients sell stuff and monetize your content right that’s basically it so the problem though is that a lot of people they start to get into this stuff for all the wrong reasons right they want to go in there because they see people on YouTube claiming to have an online business that allows them to travel the world all the time work from the beach making money so while they sleep and then wake up and their bank account is full of money and they just have to set up one thing and worth one or two months and then that’s always going on and stuff like this the reality is really really different guys I mean I can tell you if you don’t have passion for the kind of business that you are going to start or at least the kind of the niche that you’re going to be in it’s going to be so hard you’re almost I mean your failure is almost guaranteed if you if you’re not super passionate about what you do and I can tell you guys when you really really break it down it probably doesn’t look like that on the whole internet but when you really break it down there’s only a handful of people I mean not a actual handful of people but I mean there’s really out of the millions of people who try that stuff not everyone is going to be like me or like a tie or like Becker or like all these guys could you see right here on YouTube right it’s just not going to happen so what divides us from these normal kind of people who just tried out and then fail is passion right we’re absolutely passionate about what we are doing on the Internet so it doesn’t really matter for us if it’s an online business or an offline business I could also start an offline business easily if I was passionate about a specific thing that I can do offline right which didn’t happen yet but I’m sure I could do that and right here you guys have to understand one thing right I’m not even talking about like starting the business and making millions right I’m even talking about starting a business and making 10k a month making 20k or 30k even making I don’t know 100k per month or something like this right even the smaller amount of money you’re not going to make that if you don’t have any passion for it right so if you if you see some kind of motivational page or something on Instagram and just because you see some success or inspirational quotes or something like this it doesn’t mean you can actually go out there and start something unless you’re passionate about it but if you are absolutely passionate about something and if you found something that you really want to do on the internet I mean then it’s pretty easy right there’s tons of resources out there and the easiest way to probably get started would probably be affiliate marketing I mean if you’re passionate about a specific measure something let’s say you’re passionate about luxury goods or traveling or something just create a luxury travel blog or create some kind of blog create a YouTube channel where you can put out content I do people I know people who have lots about watches YouTube channels about watches and they make tons of money promoting brands of watch companies and being their affiliate and that’s the way that’s how you do it I just have to tell you guys this because I’ve seen so many people in my career like who came to me and they wanted to start something and and some of them even became a little bit successful meaning they and I consider like well first of all I consider everyone successful on the internet who can make a living off this online venture just by doing that and make money that way and survive right that’s kind of to me that’s kind of successful in a way right so I knew people who managed to do that meaning they had at least some kind of passion of some kind of drive to do that and even they in the end they kind of failed or they just got got distracted by things and then they stopped doing business right so it’s pretty hard to really and the people who really stay in this stuff for the long term meaning four five six seven or years or even decades these people have very few people guys I mean there’s not too many people out there who actually survive in the online marketing game for that long right it’s really not that many people what you should also think about before you start your own online business is or once if I can give you guys is don’t fall for this short term making money stuff meaning I mean there are thousands of Ray’s out there where you can literally make money overnight on the internet and write and you can even scale these methods up until you’re made a specific or a good amount of money every single month right but the problem is some of these methods and I want explains methods right now in this video but I know tons of people are doing that out there some of these methods dry out or they even get I mean there’s some stuff out there where only one Google update or where one social media platform update has to happen and everything is completely wiped out I mean your whole business is going to crash if you solely rely on that stuff right so always try to at least get a solid base for your business and the easiest way you can do that is you can create some kind of consultancy or some kind of agency even a social media marketing agency I’ve talked about that in some previous videos and stuff you can even do something like that where you get a constant flow of leads and clients where you can feel at least some safety in your business and having a recurring stream of income right so if you solely depend on affiliate commissions the only thing that has to happen is to the guy who owns the affiliate product needs to take the product off the market and you don’t make money anymore right so that’s my basic tip that I or my basic advice that I can give you guys when you want to start an online business is you have to have passion okay I’ll make a little summary right now okay you have to have passion simply because in every industry doesn’t matter offline or online every single industry there’s already a huge amount of people in this specific industry who are so passionate about what they’re doing right so if you’re not passionate and you enter this kind of industry or a specific niche how do you expect to even go somewhere if there’s already a thousand or two thousand or ten thousand people who are way more passionate than you right because well you have to also remember one thing all of the things that 99% of you guys are going to start on the internet or what kind of business ever it’s not innovative right it means it means it’s not something new and it’s probably not different right so doesn’t mean it doesn’t work but the only way to make something successful that’s not new and not different is to actually title your ass off and really be consistent and that’s the only way you can make money with something like this right because it’s not like the next Facebook or the next Instagram where you create the a band and then blah blah blah you get ten users one on various exponential growth sale sell it for two billion dollars it’s not going to happen for most businesses right so yeah first thing passion hustle your ass off that only works with passion actually because otherwise you will be bored you will just stop what you’re doing and that’s it next thing create something at least in the beginning where you can rely on some kind of income some it always has to be simple in a way where you create something you create a service and then you sell it right or you create an e-book and then you sell it right so that’s how you how you can create a secure revenue stream for your business right so and if you want to do it I mean it’s I’m not I can’t tell you what kind of business just start all you have to do is you go to the internet you type in how to make how to make money online how to get traffic to my slides and that’s the most important thing once you have found your passion once you’ve found the thing you want to do is then you actually drive traffic to your site and you can always use my kind of my videos on YouTube or my blog Michael Kohler code at UK you can use that I got tons of tutorials out there and how to get traffic how to do Facebook ads how do you do AdWords how do you PPC in general how to do this how to do that how do you use social media to drive traffic Google SEO I mean there’s tons of ways and if you don’t do it I mean it’s your own fault right so that’s basically it I hope you like the video and see you the next one be sure to LIKE and subscribe and see you