What’s the first step you need to take when setting up an online business?
Many experts will say that the first thing to do is choose a niche. I disagree.
In my Internet Professionals Master Agenda I define a seven-stage process that people need to go through, and choosing a niche is a relatively minor part of one of the later stages.
My thinking on the order of those stages has changed since I set that up, and today I would recommend that almost the very first thing you need to do is …
That’s right. Roll your sleeves up and get stuck in to some online income system.
But don’t go in thinking that what you start doing today is going to be your major money-earner one year from now. It may be, but it might not be. Don’t assume that your choice of online income system today is your “final answer”.
The point is, if you’re just starting out online (or if you’ve been online for some time and never lined up all the ducks that give you a regular income) – you really do not know enough to make a proper assessment of what the best business model is for you.
(Those barriers, by the way, include technical challenges, setbacks, slow progress, boredom, doubts, lack of focus, “life” getting in the way….)
That’s the dilemma.
You need to have built some sort of an income-creating system – even if it’s not really right for you, before you can know what is the right system for you. And you need to prove to yourself that you CAN make it all work.
Many people get stuck deciding what they want to do. The sorts of issue they have when looking at a business model are:
The thing is – you can’t answer most of those questions – so ignore them and take action instead.
The advice I give in the Internet Professionals Master Agenda program is:
What you decide to do depends on what skills you have already, your own preferences, the costs involved and your current finances.
In future posts, I will give some specific options for business models that should fit the bill for most people.
If you have questions or comments about this – let me know below. I’d be very pleased to get your feedback.