When it comes to online money making, many people seem to just give up on this notion when they hear that there is no money in blogging or even affiliate marketing.

The truth of the matter is that there are different ways of making money online and you only need make to what works best for you.

It may be affiliate marketing or blogging or even selling stuff on amazon.

The easiest way to find out which method works best for you is by trying them all.

A good business plan is essential for a good business venture.

The best business plan example would include your mission statement and vision statement.

This can help you grow your business as an entrepreneur

Start with a market survey
Make visual choices to key design and marketing elements
Play around with variations
One of the most effective tools you can use for branding your business is through a logo, brochure, website, etc...
Try using Canva or Pic Monkey to create your own fancy marketing materials

How much do you charge for a haircut?

Is it $5, $10 or $25?

Whatever your price is, there is a value attached to that price.

You won’t charge $25 if the customer thinks they are getting an extremely basic hairstyle.

You won't charge $5 if the customer thinks they are paying for a high-end and complex styling.

The price of your product or service has more to do with the value you are providing than anything else.

So in order to optimize your product pricing - you need to keep in mind 2 things:

1. What is the value you are providing to your customers in terms of time saved, money earned, or money saved. For instance, if you are selling a widget which will save the customer 1 hour of their time every day. That means you can save them about 20-25 hours per month. How much is that worth to them?
2. What is the highest dollar figure your customers will pay without decline in demand. Generally a wealthier person or larger company will value their time more than their cash reserves and vice versa.

Now you can test the waters by offering the same services to two groups of customers. Notice the sales for a week or two. Pick the price which gives you more net revenue.

Rinse and repeat.

Do you know how to find winning startup ideas?

This is a question I get asked a lot.

There is a huge misconception on what makes a successful startup.

Many people think they need to crunch out code, come up with a million-dollar idea, have previous startup experience or raise millions of dollars in funding. The truth is that most startup founders make this one mistake – they focus on what they are good at.

Good businesses have something in common.

They're about people.

People who want to feel good about themselves and be happy.
People who want their families healthy and safe.
People who want security and opportunity for their children.
People who are frustrated with their jobs, their current life, not feeling loved or appreciated at home.

Good businesses are built around these themes AND they solve a real business pain point by shifting the focus from "me" to "you."

So if you want to find the best idea, talk to as many people as possible. Often times, they will raise issues and problems that are worth pursuing.

I will say start with 20 new conversations per week.