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-=QUICK THREAD=-
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When it comes to beginning an online business

you need to consider these principles,

As told by Dan Lok.

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1. Knowing your market:

This includes:

-Scalability
-Customer "avatar"
-Profitability of niche
-Demand of offers/products in market

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2. Creating a platform or website that SELLS:

Even something as simple as a landing page,

allows you to gain credibility and authority.

Any business online has one focus to move forward,

That is to SELL.

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3. Branding vs. a temporary store

Creating an asset is definitely more viable

and more relatable

when it comes to building an empire.

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4. Creating multiple streams in ONE market:

Most markets have subniches in them,

your job is to create multiple streams in that niche

before expanding on to other markets.

Focus on one market before saying it doesn& #39;t work

and moving on to other fields.

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5. Oursourcing:

A very underutilized move for business entrepreneurs.

If you can pay a person $20 for a $500 ROI

Do it.

No point in doing tasks

that you can delegate other experts to do for you.

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6. Using your "story" to sell:

This seems manipulative but think again.

If someone can relate with you

and you used to be in their shoes,

they would be more likely to resonate with you

and become potential clients.

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7. Using today& #39;s technology:

The only way forward is to leverage today& #39;s digital age

to automate your business and making sure

that systems are in place using apps and tools.

The faster you automate your money making processes

the more time you have to more important tasks.

If you enjoyed this quick thread

RT using the link below. https://twitter.com/366Growth/status/1300772430965686272?s=20">https://twitter.com/366Growth...

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