Unless you are building an online business with millions of dollars in investment, building one using bootstrapping strategies and tactics will cost you significantly less, often less than $50. And believe it or not, it’s not as difficult as you think.
A prerequisite: Understanding how HTML, PHP/mySQL, web development and make money online work. Or, if you have a sound budget, you can always hire freelancers to do the techie stuffs for you.
Here’s a “playbook” to build your first online business in 30 minutes:
1. Get an online business idea
Visit website buying and selling marketplaces, such as Flippa. Choose “buy a business” and search for listings that have plenty of bids on it.
Plenty of bids mean it’s on demand – maybe due to the quality of the site, the income, the potential or the trendiness. Analyze the listing description. Believe it or not, many website owners like Owen Tripp, spill some important clues here, including the niche that is hot right now, the keyword lists, the how-to in site monetization, etc.
Of course, you should make bookmark the listing and make note interesting facts.
2. Copy-and-paste the “formula”
Choose an online business idea you find most interesting – the one that “spills the most beans.” Then Google for the scripts, software or anything that can give you a web business that is similar to the site in question.
Even better, there are some top opportunities that look like a regular HTML-based site with some uniqueness that makes it stands out. This way, you don’t need to search for the scripts running the sites.
3. Open a web hosting account, buy a domain name, install the scripts or software
If you already have a web hosting account or domain name to use, this step is fairly easy, straightforward and fast.
Choose a web hosting that has top all-around quality. Of all web hosting providers I have been involved in, HostGator is the most complete of all – I have some different scripts running my sites, and all work well in HostGator’s hosting environment without problem whatsoever.
Regarding domain name, I suggest you not to be blinded by cheap prices. Register yours with an ICANN accredited registrar to avoid “force majeur” – e.g. losing your domain name because your domain registrar gone bankrupt.
4. Install money making capabilities to your new site
Unless you don’t intend to monetize your site, you need to place ads, offer services or sell products on your site.
That’s it! 30 minutes to start a legitimate online business.
Remember, starting an online business is easy. The hardest part is to gain trust from your online business visitors via various marketing methods. Nevertheless, starting up right can make a big difference – so, yes, focus on your startup phase.
Start an online business