You know what’s one of the biggest barriers in starting an online business? It’s to come up with an idea in the first place.
If you recall, I showed you 4 techniques for coming up with online business ideas. Use them and you’ll quickly have 10-15 ideas in as little as 15 minutes.
But, let’s be honest for a minute. Sometimes we get stuck. Psychologically as humans, we just need the Magic Bullet. So, I thought to do some research and put together a list of 40+ business ideas (you can download below) to get you started. (here are 5 other examples of successful businesses for beginners in India.)
One of the examples I like is a business on selling caricatures. It’s run by Prashant Sinha who has made caricatures for celebrities, companies, weddings, etc. A perfect example of turning your existing skills into a successful business!
Btw — this inspires me to start an online business on hair beads, maybe? I mean, look at me in this picture and the way I am putting it on my niece. Watch her eyes, how angry she is on my beadwork skills! (I guess I need to practice more.)
As you know, one of the core philosophies of PAW is focusing on the Big Ticket items, what I call your Gold Stars, and not worrying about chasing vanity metrics.
This means, not to focus on things what other “experts” scream on:
- “How to get traffic of 50,000 visitors?” (You don’t)
- “I need 1000 facebook followers and likes!” (Why do you care?)
- “I need to register my company, hire employees, ……” (No, you don’t initially)
I’d rather have you focus on the first few KEY items, like:
- Generating and researching ideas
- Coming up with a list of business ideas
- Finding and validating your first profitable idea
- Getting your first 1-3 customers by selling a product or a service to make your first income online
This sets up for a solid foundation of starting a side income. Think of it like constructing a building. You set up the initial pieces first, and then you build more. Scale more.
