What is online business?

on January 05, 2023

Many of us know a friend who makes money selling his products online, or a neighbor who benefits from his blog where he publishes articles that help people in management and other things. You may have previously dealt with a doctor who provides his consulting services online, or your brother or son took a language or skill course online, and perhaps you needed a service in design, programming or shipping. So, what is online business?

What is online business?

Earning money from the Internet has now become one of the main sources of individual income, and you must understand this world, so that you can keep up with this era and be able to enjoy a more comfortable life.

Everyone is now heading towards learning online business, believing that it is something magical that will make them rich with the click of a button, which makes them vulnerable to fraudulent programs that may give them a few cents or nothing.

But if you start it right and treat it like a business, if you give it your time and money, it will definitely give you double what it gives and bring you a lot of profits.

So what are the online business areas that can be started?

​​

We will review many fields that can be started and that have brought millions to their owners.

1- E-commerce

 

Selling products and other things online is very similar to selling in real stores, where you build an online store with the help of an e-store builder, display your products and publish them online. When a customer enters your store, they browse the products, choose what suits them, and make a purchase. After the purchase is complete, you send the product via shipping companies. This has now become easier with the presence of platforms such as WooCommerce and Shopify, which makes this process more professional. You can now provide electronic payment methods if you want the option of paying in advance, such as paying by Visa Card, PayPal, and others.

Ok the idea is good but where do I get the products?

It's simple, you can bring the products from wholesale stores or you can order them directly from China through famous e-commerce sites such as Alibaba and other sites and sell them at your own price very simply.

Pros:

1- You do not need a place to build your store as you can work online only.

2- There are many delivery and shipping companies that take the product from you, send it to the customer, and receive the money from him. This makes the most difficult part of the process easier for you.

3- You can market any number of products you want and target any number of people through advertisements on social media sites. You do not need to be a professional in advertising, but it is preferable to have a general idea about it (since the purchase rates are high, you do not need a lot of experience to improve performance, unlike drop shipping)

Cons:

1- The need to buy products in large quantities (to get a better price), but do not worry, you can start with one product and a small quantity and gradually increase it.

2- Since the payment method used is cash on delivery, you may find people who order and do not receive the product, but do not worry, their number is relatively small.

3- This method is limited to buying and selling products locally in the country where they are located only.

2- Drop shipping

 

Of course, it is a type of e-commerce, but the difference between them is that you do not need to buy and sell the products yourself, or even send them to the customer who bought them. Rather, all you need is an online store in which you display certain products and an electronic payment method. When the customer buys from you, you go to the original website of the product and buy the product from it and put the customer’s address. The merchants send it to the customer directly without any intervention from you. Your profit from this process is the difference between the price the customer paid you and the price you paid to the original store.

Pros:

1- You do not need to buy or store the products.

2- The ability to quickly develop your business and market it in many countries.

3- The ability to try a wide number of products and markets.

4- It provides modern technologies specific to this type of trade, as it allows the possibility of copying products and placing them in your store automatically, making the process automatic without any intervention from you.

Cons:

1- The great competition and the need for marketing, which requires paying large amounts of money on advertisements at the beginning (but do not worry when you start selling your products, it will be compensated and you will earn a lot).

2- The necessity of professionalism in advertising, especially on social media sites.

3- The long shipping period to the customer, which may reach two weeks in some countries.

3- Affiliate Marketing

 

This type of online business is for digital products (if you want to be an affiliate for tangible products, I advise you to do drop shopping, as the profit margin is higher)

Affiliate is the process of marketing products that are not yours, do not own them, and you have no business or support for them. All you have to do is make the customer buy the product through you.

You can send customers directly to the product purchase page by mentioning it on your blog or YouTube channel. The problem at first is that the conversion rates will not be as high as required, and if you want to increase them, you will definitely need a sales platform.

Of course, you can search in search engines for the many platforms that exist and provide many products to market and sell. These products include courses, various services, programs, and much more.

Pros:

1- You do not need any product of your own or even continuous customer support.

2- You do not need a payment gateway or payment method to receive money from customers.

3- It provides special tools in each product to help you market better, such as emails, videos, and others.

Cons:

1- The competition is great on the Internet, which requires spending large amounts on advertising to achieve better profits.

2- It is preferable to allocate a domain and a complete website for each product or niche (type) to increase customer confidence.

3- Relying on free traffic only will not get you satisfactory results, and you must create paid ads.

4- You should try more than one display method and advertising method, compare the results between them, and choose the best one to get a high conversion rate.

4- Profit from AdSense (blog or YouTube)

 

This method is based on building your own blog or YouTube channel and publishing specific content that you find yourself a professional in. All you have to do is market it and bring visitors to the blog or viewers to the YouTube channel and display ads on it, which enables you to make profits as a result of visitors watching it.

It does not require paid advertising, but visitors can be brought in for free through search engines only with professionalism in what is called (SEO) or through social media platforms Facebook, Instagram, WhatsApp, etc.

The better your content is customized, the more visitors you will bring and the more chances you will have of making higher profits.

Pros:

1- You do not need to invest money and you can just write the articles yourself or buy them if you want through micro-service platforms.

2- The possibility of obtaining high free traffic from search engines.

Disadvantages:-

It takes a long time to get high profits because it mainly depends on free traffic.

1 comment
by اكرم on October 09, 2024

شكرا على نصائح قد تفيدوني للأمام عمري ما يقارب ال 16 ولاكن مهتم بهذه الامور ولاكن لا اعرف شيء ادرسها على مهلي واخير شكرا لكم

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