So let's just say you're a budding entrepreneur. You've gone into business for yourself and setup that all-important website. It's your digital storefront. No need for that brick-and-mortar store anymore. No need for the random person to patronize your shop from the street. Today, all you need are those virtual visitors -- people that are keenly interested in buying what you're selling.
You don’t have to start your own online business from scratch. Instead, you can build one (very quickly) by helping out people who already have a successful business. Every service business has a long list of past clients they’re most likely not doing a good job of keeping up with—but their neglect is your opportunity. It’s up to 5x more expensive to attract a new customer than it is to keep an existing one. By helping businesses follow-up and bring back their old customers, you’re saving them money (and making your own!). A follow-up business like this can be as simple as a series of emails you write for a client to help them bring back old customers (check out this step-by-step guide for videos and example pitches). All you need is some writing skills, time to research and craft an effective outreach campaign to prospects in a profitable niche.
While with search advertising, you’re paying to show up in the top spot for relevant searches, with social media advertising you are paying to show up in relevant feeds. With both forms of advertising, you can specify the type of audience in front of which you’d like to appear, but with more psychographic data, social media offers superb targeting.
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It’s not enough to just share content through social channels – you need to actively participate in the community, too. Got a Twitter account? Then join in group discussions with relevant hashtags. Is your audience leaving comments on your Facebook posts? Answer questions and engage with your readers. Nothing turns people off quicker than using social media as a broadcast channel – use social media as it was intended and actually interact with your fans.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.