How can I start a successful business?
Many people want to be entrepreneurs, and then the question comes,
How can I start a successful business?
Starting a business has become a trendy idea, and the issue is that when people come from this mindset they start looking for a trendy business to do.
However, from a realistic perspective, choosing a business field is exactly like choosing a career,
If you are not good at it, there is a big chance you will not be successful in it.
Before you make the decision to start a business you need to find something that matches the following three ideas, as per most of the books and articles about starting a new business.
1- Something that you're good at, or in other words, something that you can serve others with,
2- provide a solution: it must be something that provides a solution for an issue that your potential customer has.
3- Feasibility: Do you have a market with potential? Does the logistics work? Can you afford it?
Now, here are some ideas to get you started:
Are you good at Trading? "logistics and Communication"
You can start a business from a facebook page or a website, you don't even need a physical place, you just need a good wholesaler that you can purchase products from at a price that leaves you a good profit margin.
There is a very good B2B marketplace like Tradeling!
You can use it to reach many suppliers that offer a wide range of products in various categories, also their suppliers are trusted, and they have secure payment methods to protect you.
Select the most suitable product for you, and then resell these products direct to consumers through your page or your website
The smart approach is to find a product you can, you have knowledge about and there are a need and market for it, in other words, the same matrix mentioned above
Are you good at marketing (Design/problem-solving/creative)
That is one of the trending businesses that you still have the opportunity to join its trend, as it seems like it will stay for a very long time.
Digital marketing depends mainly on your skill and creativity,
However, the main success factor is hiring the right talent, and of course, building a client base that opens a continuous pipeline of work.
Online courses (Teaching/Explaining)
It is also a trending business that provides great value to customers (if it had a real value)
There are two ways to do it,
You can teach if you have the expertise that you can share and really add value to others,
You can hire a camera crew and start a website to sell your courses, or sell it on other courses' website.
Another way is to hire the teachers and produce their videos and then sell it on your website or courses platform.
Hope this inspired you in any way,
Please share your thoughts in a comment.