I recently decided to start a new online business and it is one that you can follow. In the past I made money online writing articles for clients and customers that found me on Fiverr. If you don't know, Fiverr is a website where people go to purchase almost anything that can help them in their business.
So I chose as my new start-up a business model that is needed and inexpensive to start. Basically, I am teaching people how to make money online as a freelancer for Fiverr. I will take them from an absolute beginner and then teach them how to run a very successful business. I guess you can call me a business coach but I really don't look at it this way. Instead, I am just helping along the way and passing on my knowledge.
The challenge to starting a business is really to focus on what you wish to do and have some sort of business plan on how it is going to make money for you. I recommend that you write out a detailed 2 or 3 page plan and read it each day for a week or so before starting anything. This should help you think of new ideas and then you can revise your plan. In this post, I will share my first page of my business plan because it is essential that I get it right or else the rest of my plan will suffer. I believe that when you are starting a business, you have to make sacrifices in the beginning. If you are not willing to make sacrifices, it will be very hard for you to get through the first couple years which may be a tough time for your business.
So ask yourself that question right now. Are you willing to make the sacrifices needed in order to start a start up? I am, so let me tell you what they are for me.
BUSINESS PLAN
The first thing I am going to do is rebrand my name because so many people cannot pronounce my last name and they repeatedly spell it wrong. This will adversely affect my business and branding because I will lose customers.
So my new brand name will be Jeff Trainor. I think most people will be able to remember the name Jeff Trainor and it is not difficult to spell. Perhaps, I should have spelled it "Trainer" but I didn't.
My new business will utilize Google Ads as the primary method to gain new subscribers and because I am taking this business seriously, I will pay $99.00 per month for good business software. My advertising budget in the beginning will be $50 per month and that money is coming from a sacrifice. I am keeping a cheap phone so that I can use the money for Google ads.
The $99.00 fee for my software will come from my eBay sales and will be paid in full by money I have saved up if I do not sell enough. This I can sustain for a couple years while my business grows.
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Anyway, basically that is how I am starting my start up. And, I started my new business on October 21, 2020. If you want to follow along, please subscribe to my YouTube channel: Jeff Trainor and here is my latest video. Also, if you want to start a start-up and have no money, perhaps, you should join my emailing list. Because a great way to start a business is by freelancing in your spare time and saving up some money.
