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Online businesses are a goldmine in today’s economy. Many people desire to live a balanced life – a flexible job that allows you the freedom to do other things you love, family time, security, and financial independence. Online businesses promise to give all of these and more.
If you are interested in taking charge of your life and playing according to your own rules, there is no better time than now to begin your online business. There is so much potential, and opportunity online for business growth like you have never seen before. The invention of the internet and smartphones now bring your potential clients and customers within reach.
For many would-be entrepreneurs, the onset of the COVID-19 pandemic has shown how important online businesses are to the economy. Even brick and mortar stores are already shifting to online sales to tap into the online market’s potential. Now is a good time as any to turn your online business ideas into reality.
However, if you do not yet know what niche to focus on, here are some online business ideas from some of the world’s top entrepreneurs.
Gary Vaynerchuk is a popular Belarusian-American serial entrepreneur. He has made a name for himself as an internet personality, speaker, and bestselling author. He is currently the CEO and co-founder of VaynerMedia, a digital agency.
Gary and his parents immigrated to the United States in 1978. From his early childhood, he already started cultivating a knack for business. He knew how to spot a market that everyone else ignored to make a profit from. He would pluck flowers from his neighbor’s garden and sell them back to them as a kid.
In 1988, his father finally saved up enough money to buy a liquor store that became the family business. When Gary went to college, he got exposed to computers and the internet. He quickly realized the power of the internet and began to think of new ways to incorporate that into the family business. Gary created a website for the business called Winelibrary.com. Before email marketing became a thing, he would email weekly specials, recommendations, and discounts to his client list, which grew steadily. His branding and marketing skills increased their sales within a year from $3 million to $60 million.
After the massive success with Wine Library, Gary shifted into social media and digital marketing proper. He teamed up with his brother to launch VaynerMedia, an agency that helps other businesses replicate his business success.
VaynerMedia has worked with Fortune 500 clients and big names like Chase, Toyota, the NBA, Hulu, Johnson’s, Shell, and PepsiCo. They offer services like social media strategy, creative, production, and influencer programs.
Gary Vaynerchuk’s net worth is estimated at $200 million.
Tai Lopez is an entrepreneur, digital marketer, social media personality, investor, and advisor to over 20 multi-million dollar businesses.
Tai’s journey to owning a successful online business was fraught with several ups and downs. He grew up with his single mother and grandmother. At age six, he was already working to help his mother provide food for the family. As soon as he was old enough to, he traveled around the world, visiting 51 countries and doing odd jobs to survive. He lived on his mother’s couch as a college dropout, dissatisfied with his life on his return. He wanted something different but had no marketable skills, so he set out to get one. He found a mentor to teach him business in the yellow pages.
He worked out to absorb everything he could about business from seminars, books, his mentor’s teachings, and experience. Recognizing the gem Tai was, his mentor introduced him to a company where he became a certified financial planner. Before long, Tai was already outselling the best salespeople the company had.
In 2008, he left the company to use his expertise and experience to start his online business as a Facebook marketer. After a while, he branched out into other forms of digital marketing. He gained popularity in 2015 after his YouTube ad, “Here In My Garage,” went viral.
His videos have e-commerce resources like social media marketing, affiliate marketing, and the Amazon FBA sales blueprint. Tai also has one of the fastest-growing Ted Talk shows, with over 9.3 million views already. His YouTube channel also has 1.32 million subscribers.
Tai Lopez’s net worth is an estimated $60 million.
Russell Brunson is an entrepreneur, digital marketer, YouTuber, and philanthropist. He is the founder of ClickFunnel, a SaaS company for e-commerce.
Russell had always had a passion for sales and marketing, right from childhood. He would collect junk mails, watch TV, and listen to the radio waiting for commercials. By college, he had already started several businesses before he decided to move to online businesses.
In 2003, he created a ZipBrander, an online marketing software to drive website traffic. He also sold his potato gun DVD guide using online marketing. By the time he left college, Russell had made his first million dollars from marketing.
In 2014, when he found a space in the market for a sales funnel, he created ClickFunnels. ClickFunnels grew into a $100 million company within the first three years and is currently worth over $360 million.
ClickFunnels helps online businesses to perform functions like sales copy email, landing pages, lead generation, webinars, and sales. In the process, the software has successfully revolutionized the internet marketing industry.
Russell Brunson is currently worth $37 million.
What You Can Learn From These Entrepreneurs
All three entrepreneurs have something in common; they had a dream to build their own businesses and didn’t allow anything to stop them – not the circumstances of their birth, upbringing, or age. They chased their passion, and they excelled at it.
Photo by Danielle MacInnes on Unsplash
They discovered the power of online marketing and leveraged it. As mentioned before, there is a shift in business dynamics. There is more than enough space for everyone to flourish comfortably and with healthy competition. More people are setting up online businesses and e-commerce stores. Their customers are on their phones and computers, they only need resources and marketers to help them reach their target.
If you have ever considered starting your own online business, you can always take a page from these men’s books. Begin! It doesn’t matter your circumstances or age. The right time to start working towards living your dream is NOW.