📺 Stream EntrepreneurTV for Free 📺

10 Bareback Essentials For Doing Business Online From Shopping to Trading every thing that the economy consists of is Online

By Gaurav Gurbaxani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photoroyalty | Shutterstock

Every business is in transition to becoming an online powered business.

And that is a BOLD statement. Whether it's your Local Paan vendor, High-End Manufacturing Equipment supplier or whether you are selling breast implants your business needs to on the Internet. Period.

So here are the bareback essentials for doing business online:

1. You Need A Home Base

This could be your website or blog. Today even your Facebook Group, Youtube Channel, Instagram Profile or something else that you do daily can be your home base. Think of your home base as a congregation of responsive users coming to you daily.

2. You Need Consistent Traffic

Without traffic, your business is as good as dead. Have a consistent targeted source of traffic every day, all the time. There should be no business that is complaining about the lack of traffic. Today traffic is a commodity. You can go to the shop and buy it, The shops here being Google and Facebook, You pay them, they deliver traffic.

3. You Need An Automated Follow Up System

An unautomated business is an inefficient one and such businesses cannot virally scale. With a matter of clicks and template imports, you can be well on your way to automating a HUGE amount of your day to day offline marketing activities.

4. You Need Reporting

Without reporting you are a pilot who is flying blind. But with reporting, you can actually afford to fly blind especially when there are systems that can grow your business on Autopilot today.

5. You Need To Convert Visitors Into Money

Are you happy just being popular or would rather be rich and popular? The riches on the Internet come in the form of conversions. You need to have a system to drive fresh cold traffic that converts into HOT ready buyers with their credit cards out consistently.

6. You Need To Outsource

Remember if you are running an online business then you need to have an online team. Finding online freelancer is as easy as taking an Uber. You have reviews, testimonials and social proof that your task is going to be well taken care of.

Forget about hiring in-house expensive talent to run your online business for you. Outsource it and keep the profits.

7. You Need the Right Tools to do the Job

Honestly, would you prefer an electric powered hacksaw or a butter knife to rip through a building? Virtually every digital marketing task has an equivalent robust software to do the heavy lifting for you so find the right tools for the job.

8. Implement Winning Strategies From Your Competitors

Uncover your competitor's secrets, turn around profit faster and never reinvent the wheel. You can literally reverse engineer everything from a landing page, ads that they are running on Facebook and Google, follow emails, blog posts, videos and then innovate and find your own USP.

9. You Need to Stick Through

Starting is fun, succeeding takes patience. While online businesses are perhaps significantly easier to manage and operate than say a factory, it still is a business that involves risk. The more you learn, the more you earn.

10. You Need Content To Make Cash

We have heard it before, content is the king, and it's true. If any business is serious about growing a profit, it directly corresponds to the amount of quality video that is put out. If Content is King, then let Video be the Ace. Using Video content is the way forward to every business shape and size.

Finally, always use tested waters to scale and grow your business into the online success that one would deserve by the implementation.

Hi, I’m Gaurav, a digital nomad obsessed with helping people make a living online. Equal opportunity is my tag line and the Internet is my greatest blessing.
Business News

Jeff Bezos and Amazon Execs Used An Encrypted Messaging App to Talk About 'Sensitive Business Matters,' FTC Alleges

The FTC's filing claims Bezos and other execs used a disappearing message feature even after Amazon knew it was being investigated.

Business News

Elon Musk Reveals His Tactics for Building Successful Companies, Including Sleeping Under His Desk and 'Working Every Waking Hour'

Musk shared the secrets on a podcast with Nicolai Tangen, CEO of the $1.6 trillion Norges Bank.

Business News

'My Mouth Dropped': Woman Goes Viral For Sharing Hilarious Cake Decorating Mishap at Walmart

Peyton Chimack has received over 703,000 views on her TikTok post of her birthday cake.

Business Ideas

Clinton Sparks Podcast: Shaquille O'Neal's Journey from NBA Superstar to Entrepreneur

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Money & Finance

How to Keep Your Startup's Cash Flow Safe from Invoice Scams

Stay ahead of invoice fraud and safeguard your cash flow with proactive steps for new small business owners. Learn to spot warning signs and take action to protect your business's financial health.

Leadership

I Went on a Retreat to Reignite My Entrepreneurial Passion. Here's What I Learned That Will Forever Change The Way I Lead.

An international adventure could be exactly what you need to achieve your entrepreneurial goals.