Why to start an online business?
Throughout history there has never been an easier or better time to start your own business then there is today. With the development and growth of social media everyone is connected together regardless of their income status or geography.
Whether you’re rich or poor you now have the ability to share your skills and connect with people all over the world for free. And for those looking to build an online business, it’s extremely inexpensive and very easy to get started.
In fact, many people have started their own business for less than $100 (the cost of purchasing a domain name and a hosting service). If you can connect with others you can start a business.
There are so many benefits to starting your own online business, but in order to keep things simple I will only list four of the many wonderful benefits here
- Starting an online business is extremely inexpensive
- You have more flexibility of your time
- You have the freedom of choosing your location
- Unlimited income potential
So, lets start to know how to start an online business in Nigeria
What type of online business can be started in Nigeria?
Blog or Website: The blog will be your online space to express and share your ideas. The blog will have a front page, posts, and pages. You have to post articles, posts on regular basis related to your idea. You have to research idea suitable for your blog.
An Online Store: This is an online storefront, this website will contain virtual products which are similar to physical products inventory, you can promote other sellers physical product to your online shop. Products that could be sold in Nigeria through an online store Kids Fashion, Mens Fashion, Sell T Shirts etc
Service Website: This is an online service portal where specific service is offered over the internet. Such as payment gateway, file hosting, cloud hosting, email etc.
Steps to start an online business
Let’s follow this steps to get ideas and start an online business
- Research market needs, people’s problems
- Create & develop a solution to their problems (content, product or service)
- Test it your solution in real life
- Deploy it as an online business
- Grow your business by attracting traffic & earn a profit
All above steps are carefully researched considering main three online entities, Contents, Products & Services. There could be more entities from different perspectives, but most of them can be categorized under this three categories. An online business makes a profit by selling these entities. [Read All Above Steps In Detail]