Build Your Income By Creating Your Own Online Business

Today, I would like to discuss the success and fail of small business.  Approximately 65% of small businesses fail within the first year. I would ask how many of the people you know who have started a business has truly succeeded? How many of them put on a happy face yet are still at every networking meeting looking for business?

After the crisis in 2008, I spent two years thinking about the business I need to start with as self-employee to support my income. That time my starting point was to create a business plan and find out what is the sector is not substantially affected by financial crisis. And I found the answer!

The plan was to create an online business and build a hub that can deliver a greatest benefit and do have something of value to share with the world, something that can generate income for me for the rest of my life! I learned to trust myself to work hard, to stay focused under pressure, and to even enjoy the process. I have read multiple of researches and public articles about online services, and I found consumers spent £30.2bn on online goods and services in 2007-2012, according to IMRG, the industry body for global e-retailing. Over the past 10 years, the growth of the internet has resulted in the high-profile successes of many internet-related businesses. After all these researches and articles about online business I found the real success stories come from those who find a way to generate just a few thousand dollars per month, enough to cover their expenses.

I would say having the right technology in place can help online business to grow and help any small business do what they do best – but even better and with more profit – and free up time to focus on growth. In the same time if plan to start the online business, we should know our target market, know our competition, attract funding and finding a niche. 

Your Website

I decided to create an online platform UAEMD.NET which provides an online directory of all United Arab Emirates (UAE) physicians, practices, hospitals, clinics, medical suppliers and insurance companies. The Find Physician search functionality allows visitors to search by any health services, specialty or expertise. 

Websites will set you back varying amounts. "The cost is relative” and try to keep the site clean and simple: people will buy from you if they trust the site and can find what they want.  "Make sure you update your website's content constantly, as innovation, imagination and invention are essential if you are going to succeed in the longer term,"

Building Traffic
Running an online business is deceptively simple. Look at my web site UAE Medical Directory, for example. The structure isn’t very complicated. It’s mostly just content and some ads. But it consistently generates a nice five-figure monthly income. Anyone can do it, right?

The key factor in building a successful online business is traffic. If you can’t build sufficient traffic, you won’t be able to generate much, if any, income. And unfortunately most people are really bad at building traffic. They apply completely inept strategies that don’t work, and they usually give up within a few months after starting.

Building traffic is not remotely easy for most people. This problem isn’t unique to the web though. You see it in every field. Some authors sell millions of books, while the average book doesn’t even sell 5,000 copies. Lots of people can write a book, but relatively few know how to sell a book. Lots of people can create a web site or blog these days, but few know how to attract large amounts of traffic

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If you can successfully build lots of traffic, it’s fairly easy to generate income from it. You also have time to figure it out. If you can grow your traffic, you can maintain your traffic, and that gives you time to figure out how to monetize the traffic.

Customer Transactions
Make it fast and easy for customers to navigate or looking for a service, as a site with a difficult sales process is likely to lose customers. Websites should be easy to navigate so users don't get frustrated and leave without making a purchase. Security should also be a priority, and potential customers should be assured their details will be kept safe.  You should talk to your customers as often as possible and help them to get to know you and build confidence in you and the services you provide. Ask them what they want from you and react to what they tell you.

Start Small and Have Patience
Don't give up your day job too soon, as it will take time for your internet venture to grow – and in the meantime there may not be much incoming revenue. I have spent more than 3 years to find key drivers of traffic growth. You'll need lots of energy, enthusiasm, determination and passion; but you also need to be realistic. "Success on the web is rare," warns Cohen. "While many businesses are launched, few make a profit, and most will never see a return on investment. That said, while starting up an internet business can be one of the toughest things you ever do, it can also be the most rewarding."

Conclusion
Running an online business can be a wonderful growth experience, and the income and freedom it can provide is certainly nice too. People really shouldn’t be deprived of this opportunity for technical reasons. The self-publishing power of blogging technology has gotten us partway there, but it’s only one piece to the puzzle. I encourage you to take a good look at my website www.uaemd.net!, and then you can sketch out the picture about how to create an idea about your online business and putting online business success within reach of most people.  

I would sum up, if you want to set up an internet business, you have to convince all the people around you it's a good idea. Put in your own time and energy, but other people's money – and take as much advice from other people as you can.