How Not to Kill Your Online Business

“An online business is pretty easy to pop up, throw in some Amazon ads, and troll FB for your millions? Right? Well, That’s what the guy said on youtube that was sitting on the beach in Thailand, with his laptop and beautiful dark women. I did exactly what he told me to do in the video. I wonder if I should have bought that ticket to be a digital nomad? No worries, my online business is going to make me millions. “


Image Source: Pixabay

 

Time is King

If you read all the blogs about making websites – everything is king. Well, if you work online and have labeled yourself a digital nomad, then you already know that time is the number one asset to manage. It is so easy to surf the web and get nothing accomplished.

 

Your mind can get sidetracked by that hot dark girl you met on the beach you are chatting to, the Facebook argument you just got in with some moron ESL teacher, or you just fell into Youtube abyss. Either way, time flies on the information superhighway and you can not get lost.

Monitoring your Time

If you do not set targets or understand what the meaning of time is to your project or goals then you are ultimately screwed. You can give Clockspot a try as well. Time will fly by and you might be sitting broke after a year of selfies across Asia with elephants.

 

Your awesome travel blog with google ads is probably not gonna cut it when it comes to paying the hotel and tuktuk bills. Using time monitoring software is key to monitoring projects and even remote employees.

Sitting in the Coffee Shop

Every digital nomad sits in the coffee shop drinking coffee and counting the zeros in their account while the products fly off the shelf. Right?  WRONG. This is where Digital Nomads are ending up as BegPAckers across 3rd world countries at an alarming rate.

 

Sitting in a coffee shop is the least productive place you could put yourself. There are just too many distractions and dependencies. Especially if it is a new coffee shop and you are “hoping” there will be a plug for your pc, stable internet, and somewhat ergonomic. Just find a comfortable and quiet place you can rely on and get your work done.

Know Yourself and Your Abilities

This seems like a no-brainer but with all the ecommerce strategies help books, free tutorials, and vlogs out there, it is a landmine of false hopes and dreams.

 

Everyone is offering their tips and how they churned millions in 3 months in Bali. There are many fraudsters and snake oil salesman in this industry and a newbie is an easy target.

 

It is important to understand what you can do independently with tips on the internet and when you need to hire a contractor at a place like Upwork, Fiverr, or maybe a Facebook group.

 

If you do not hire someone and go your own, it can take years to finish and maybe wasted money. What did we say before?  Yes, Time is King.

 


Image Source: Pixabay

 

Always Build A Brand

This is the most important tip of all and seems to go over people’s heads the most. Make for damn sure you have money coming in at all times. Work on your business and build a bran to ensure your business growth.

 

According to Nielson’s Global New Product Innovation Survey, 59% of consumers prefer to buy new products from brands familiar to them. With a little help of promotional items such as bottle openers, lapel and enamel pins or custom made t-shirts you can make your way to a broader audience.

 

The importance of building a strong brand is a necessity for every business at this point. Begin taking the necessary steps to develop your brand and start sharing a consistent message with your existing and potential audience!

 

Lisa
Lisa Besserman, Founder and CEO of Startup Buenos Aires, has been named as Business Insider’s “Top 100 Most Influential Women in Tech”, and the 2014 “Business Innovator of Latin America” by the Council of the Americas.
Lisa moved to Buenos Aires from New York City to create Startup Buenos Aires, the organization that represents the startup, tech and entrepreneurial community of Buenos Aires, Argentina.
Startup Buenos Aires has been one of the main catalysts for strengthening the tech ecosystem in Latin America, by bringing global startup initiatives, development projects and investment opportunities to the region.
Under Lisa’s leadership Startup Buenos Aires has been credited as “Top 3 Growing Startup Cities” by CNBC and “5 Emerging Global Tech Hubs” by Entrepreneur Magazine.

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