Taking the Leap: Setting Up Your First Online Business 0 2

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While the internet is filled with “get rich quick” schemes and any number of “work from home” jobs that sound too good to be true, there are still legitimate ways to earn a great income online. Building your own blog or website is one of the best ways to make steady, recurring income.

Whenever you do decide that it is time to take the leap, you have to start by determining whether you are going to offer products, services, or advertising. Those are the three most common methods used to monetize a web property. Each has pros and cons, evaluating each thoroughly will help you make a smart decision.

Selling Products Online

Setting up an online store can be pretty simple and very lucrative. Dropshipping is one commonly used method in which your setup an online store, the buyer orders, and that order is forwarded to a wholesaler who sends out the product on your behalf. This method is favored by many because of the very low startup costs. The downside of this method is that in exchange for the low risk, low cost of startup, the profit margins are usually lower and there is a lot of competition.

A more traditional way of starting and online store would be to purchase inventory at wholesale costs and sell it for a profit. While this method is more profitable when it goes well, it does have some additional risk. You would be on the hook for any merchandise that you don’t sell, shipping, and quality assurance issues. If you have past experience running a business that stocked inventory though, this should be a pretty smooth transition.

In both cases, staring your own website will give you the most credibility but, you can test the waters by first selling items on sites like Ebay or Amazon. If products sales don’t sound like your cup of tea, maybe offering services online is for you.

Offering Services Online

When it comes to offering a service online you have two good options:

  • Freelance Work Websites
  • Starting Your Own Website

Working as a freelance employee for another company is an easy way to start making money if you have a skill that can be used remotely. Sites like Upwork will allow you to setup a profile, bid on open jobs, and start earning money relatively quickly. The downside of this platform is that the abundance of freelancers available, many in countries with a low cost of living, drive down the average amount earned per project.

Starting your own website can be a little more cost intensive. You will have to find a domain name, sign up for website hosting, and seek design help if you are not comfortable making edits to the site yourself. DIY platforms like Wix and Squarespace are user-friendly, so that may be an option for those of you wanting to try setting up your own site. Once you have setup your site, you will also have to figure out how to attract potential customers to it. Social media marketing, search engine optimization, paid advertising, and answering questions on sites like Reddit are all ways you can get people to your site, just be prepared to work!

If you don’t have a skill that makes you a good fit for remote work, blogging and monetizing with ads may be for you.

Monetizing Your Site with Ads

Making money with advertising is generally done in one of three ways.

  1. Placing AdSense Ads on Your Site
  2. Promoting Products with Affiliate Links
  3. Selling Advertising Spots Direct to Businesses

AdSense is the Google ad platform. All you need to do is blog about topics you find interesting and Google will display ads on your site that are likely to appeal to your visitors. These could be ads based on re-targeting cookies in the browser of an individual or they could be placed by topic. In either case, when a visitor to the site clicks on the ad, you are paid a fee.

Affiliate marketers review products that have affiliate links or blog about topics related to products they want to sell. In both cases, the person visiting your site will need to take some type of action, like buying a product in order for you to get paid. If you aren’t sure where to find an affiliate offer to promote, Clickbank is a good starting place.

Selling Advertising directly to businesses works best whenever you have an established site with a high volume of traffic. Business owners will purchase advertising space whenever they fill your audience is in line with the audience they are trying to reach.

For example, if you start a survival blog, a company making but out bags may see fit to advertise on your site. This method takes longer to make money as you have to establish your site before people will want to buy ads on it.

Taking the time to carefully consider whether you will sell products, services, or advertising space will go a long way in helping your business become a successful one. While planning what you will do is just the beginning staying positive and being ready to work your butt off are key if you are going to make a living online.

 

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Decorating and Personalizing with Sticker Kid 0 11

sticker kid personalized labels
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I had thought that I would start this article off with a walk down memory lane – and remind you of how neat it was to be a kid and have something with your name on it. Do you remember buying pencils or keychains with your name? As a kid, I loved that.

But I’ll be honest – as an adult – I still love it. I’m putting my name, our last name or initials all over the place! So in reality, who doesn’t love it at any age?

It’s still fun to find items in a store that has my name or my children’s name on it – but I think it’s even more fun and quite useful to put our name on whatever I want!

Sticker Kid sent over the cutest labels – and I got to do just that. They have so many sticker shapes, sizes, uses — they even have posters!

I spent the weekend labeling-up the kid’s stuff and a few things of my own.

sticker kid personalized labels
You know what I love the most about Sticker Kid labels – other than the fun, personalization factor? The fact that it helps the kiddos (and me) keep track of their items. There used to be a time when I knew exactly which pencil and eraser belonged to my child. I also knew exactly how many items I sent with them out of the house. But, my brain is a little more frazzled and I need a little help remembering what I’ve purchased and sent with them. So, Sticker Kid can help me keep all of that in order.

Is that the backpack I bought for you, Joey? Yep! It has your name tag on it. Savannah, did I really buy you that water bottle? Yep! It has our name label on it.

Please tell me that I’m not the only one with a perpetual case of “mom brain”?
I had been worried that the labels and tags would be easily removable to the point where they could just fall off and be lost. But they are securely on each item.

sticker kid personalized labels
You may be tempted to solely use the labels on the typical items such as school supplies, and shoes. But I think they’re going to work very well when the kids head to camp and go on day-adventures.

I plan to label items such as hair dryers, safety kids, flashlights, combs, leave-in conditioners, sunblock, pool toys, bite cream, and the list goes on. What else would you label?

sticker kid personalized labels
I was excited to see their collection of kitchen labels and home decor items. Having just revamped one of my brands, I wanted to pay homage to it. These kitchen labels were the perfect item to keep it close.

I plan to use these to organize not only spices, but my espresso, flours, sugars, and oats.

sticker kid personalized labels
So, the poster is probably my most favorite item of all. Because I love putting our names everywhere! Right now, I’m attaching it to this old calendar board I thrifted last year.

I painted the frame white, added wood to the inner portion and covered it with chalk paint. This will hang in our kitchen – but I may rotate the poster throughout the house.

sticker kid personalized labels
I’d love to hear what your ideas on labeling are! What should I label next? Which item are you going to order or which one should I order next?

I love being creative but I’d love your suggestions as well. What would you use these labels on?

Here’s a list of some of their different label options:

  • Iron-on name labels for clothes
  • Medium labels
  • Mini labels
  • “Preschool Super Pack” of 154 labels
  • Kindergarten pack with 150 name labels – perfect for toddlers
  • “School Mega Pack” pack of 214 labels
  • Large labels
  • 80 Peel and Stick Clothing Labels
  • Small name labels
  • Heart labels
  • Square Photo labels
  • Shoe labels
  • “Book Pack” labels
  • 9 Right-left shoe labels
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