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Do you want to start your own online business but have no idea where to start? We wrote down a Full Guide to get you from Zero to Success explained in Detail, don't worry we don't want any of your data in exchange. You will want to save this Article.
Step 1: How to (really) find Trending Products & Topics
The first step in building a successful online business is to identify a trending topic that you will like to sell and you are interested in. It doesn't make sense to sell or promote something you can't relate to. To help you choose the right product, we have compiled a list of the most popular and profitable items that have consistently sold well over the years and didn't get in real downfalls, even in a crisis.
You can verify this by checking the top-selling items on Amazon and other marketplaces. In addition, you can and you have to use Google Trends to confirm the trend's popularity by entering the category or product name.
Keep in mind that a trend score of at least 75% is required for success, with a score of 100% being ideal.
Google Trends will give you a better understanding of what people are interested in and what they are looking for when shopping online.
Trending Products in 2023
As we look towards the future of the global market, there are many trending products that are expected to make a big impact in 2023.
Male grooming products have been gaining traction in recent years and are expected to continue to trend upward. It's a daily product, every man uses. Beauty and Personal care products are always in demand and are projected to be top-sellers in the coming year. Oral care products for both adults and babies are also expected to be popular items.
In addition to personal care items, Meal replacement products are set to be a big trend in 2023. With more people looking to maintain a healthy lifestyle, meal replacement products are an easy and convenient option for busy individuals. Digestive health products are another trending category as consumers prioritize their gut health.
For those in the Parenting and Childcare Industry, there are many products that are set to be in high demand. Car care products are also expected to be popular, as more people prioritize the upkeep of their vehicles. Home decor items will continue to be a staple in the market, with Eco-sustainable and Biodegradable products becoming more and more popular among consumers.
Healthcare products will also be a focus in 2023, with an emphasis on natural and holistic options. Hi-tech products and accessories will continue to be a trending category as technology continues to advance. Pet products are another area of focus, as pet owners look for ways to keep their furry friends happy and healthy.
Lastly, Fashion and jewelry products and sports-related items will continue to trend upward as people prioritize their personal style and fitness goals. With these top-selling categories in mind, businesses can stay ahead of the curve and capitalize on the latest trends in the global market.
Low-, Middle- or High-Class Products: Understanding these Three Dimensions
Once you have decided on your product category, you can then choose which of the three dimensions you want to focus on: Low, Mid, or High Class Products. Customers fall into these three classes and have different purchasing behaviors. Low-Class Products (Priced under $20) sell the most, while Middle-Class Products (Priced from $30 to $100) are in the middle, and High-Class Products (Above $100) sell the least. It's important to consider which class of products you want to sell or promote, and you can always start low and work your way up, or offer products for every class to maximize your profitability.
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Low-Class Products: Low-class products are those that are priced under $20. These products are affordable and are usually impulse buys. They are often considered disposable or consumable, meaning they need to be replaced frequently. Examples of low-class products include snacks, toiletries, and household items like cleaning supplies. Low-class products have the widest customer base and sell the most due to their affordability.
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Middle-Class Products: Middle-class products are those priced between $30 and $100. These products are often seen as a step up from low-class products in terms of quality and functionality. They are considered to be more durable and have a longer lifespan than low-class products. Examples of middle-class products include clothing, electronics, and home decor items. Middle-class products are in the middle of the three classes and have a decent customer base.
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High-Class Products: High-class products are those priced above $100. These products are often considered luxury or premium items and are seen as status symbols. They are often made with high-quality materials and have unique features that set them apart from other products. Examples of high-class products include luxury cars, high-end electronics, and designer fashion items. High-class products have a smaller customer base due to their high price point, but they are often associated with prestige and exclusivity.
It's important to note that these class distinctions are not set in stone and can vary depending on the market and the product category. Also, a product's class is not necessarily an indicator of its quality or value.
Here are a few examples of products that may not be ideal to sell in 2023 because their markets are dead, hard to compete or people are saturated with those products:
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Fidget Spinners: Fidget spinners were once a massive fad, but their popularity has since faded, and the market is now oversaturated. It would be challenging to make a profit selling fidget spinners in 2023. Just for example, you can check Google Trends for Fidget Spinners over the last 5 Years, it dropped from 100% to 26% in Interest. That's why you should check every idea before you start a business.
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Phone cases: Phone cases are a popular product, but the market is saturated with them, and it can be difficult to stand out. Unless you have a unique and innovative design, it might be challenging to sell phone cases in 2023.
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Fitness trackers: Fitness trackers are still in demand, but the market is becoming increasingly competitive. With many established brands and new startups vying for a slice of the pie, it may not be the best product to sell if you're just starting.
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E-cigarettes: The e-cigarette market has grown in recent years, but with increased regulation and negative health concerns, it's becoming a more challenging market to enter.
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Hoverboards: Hoverboards were popular in the past, but after reports of exploding batteries and safety concerns, the market has significantly decreased. It would be difficult to make a profit selling hoverboards in 2023.
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Non-reusable plastic products: With growing concerns about the environment, single-use plastic products like straws, utensils, and bags are facing increased regulations and demand for more eco-friendly alternatives. It might be difficult to sell non-reusable plastic products in 2023.
Remember, these are just a few examples of products that may be challenging to sell in 2023. It's not impossible. It's crucial to do your own research and use tools like Google Trends to stay on top of market trends and consumer demands before starting any business.
Step 2: Keyword Research
Before registering your domain, it's time to do some keyword research. Don't skip this step as it can make a significant impact on the success of your online business. Use ChatGPT for free, to help you identify the best keywords for your topic and domain. This will help you later to rank higher in search engine results and drive more traffic to your website. Keyword research is a crucial step in building an effective SEO strategy. By using ChatGPT or other keyword research tools, you can identify the best keywords to target based on search volume, competition, and relevance to your website's content. By incorporating these keywords into your website's content and metadata, you can increase your chances of ranking higher in search engine results pages and attracting more organic traffic to your site.
Copy this ChatGPT Prompt and paste it in ChatGPT
Open A.I can generate for you the keywords you will need. You will get a list with keyword cluster, keyword, search volume, difficult of keyword, search intent, title and meta description for your product or keywords:
This will save you thousands of dollars with any SEO Company. Just replace [YOUR KEYWORDS] with your Product, Category or Keyword.
Be Careful Who You Trust: Avoiding Keyword Research Scams
You can either do this on your own or hire someone who has the expertise. But be careful, there are a lot of people claiming that they know what they are doing like on some known Freelancer platforms. If you trust the wrong person, you could end up with a penalty from search engines or waste your money on ineffective keyword research. Make sure to research and vet anyone you hire for keyword research services.
Choosing the Right Online Business Model for You: Information-based vs Product-based Content
Another important aspect to consider when starting your online business is the type of business you want to create. Information-based businesses, such as blogs or review sites, require regular content creation to keep the audience engaged and up-to-date. These businesses have the potential to create a wider audience, but they demand daily or weekly content creation.
On the other hand, Product-based businesses focus on promoting and recommending specific products to earn a commission. These businesses require less content creation, but more optimization and social media marketing to drive traffic and sales to your website.
Step 3: Register a Domain
Once you have found a topic, the next step is to register a domain name. This can be done for as little as $10 for a whole year on various domain registration websites. Make sure your domain name is relevant to your topic and easy to remember. We have a list here of a few Domain Registars:
- One.com - Best for beginners with simple website needs and easy-to-use interface.
- InMotion Hosting - Best for high-performance websites with reliable uptime and excellent support.
- A2 Hosting - Best for speed and security with advanced optimization and security features.
- Bluehost - Best for WordPress hosting with one-click WordPress installation and a user-friendly dashboard.
- Namecheap - Best for affordable domain registration and great customer support.
- Hostinger - Best for budget-friendly hosting plans with fast loading speeds and easy-to-use interface.
With the right domain hosting provider and a strong domain name, you'll be already on your way to building a successful online business.
How to choose the Perfect domain name
Choosing the right domain name is crucial to the success of your website. You want to pick a name that is not only memorable and easy to spell but also relevant to your website's topic. One tip is to use keywords as a domain name that people are most likely to enter in a search engine field when searching for your type of content. This can help with search engine optimization and improve your website's visibility. Additionally, it's important to avoid using hyphens or numbers in your domain name as it can make it harder for people to remember and find your website.
Step 4: Building your Website
As soon as you Domain Registration is done, it's time to build your online presence. It's important to create a website that is optimized for search engines. If you are a developer, great! You can create your own website and set up social media accounts to promote it. However, if you're not familiar with web development, it's best to hire professionals to ensure that your website is completely optimized for search engines from the beginning.
Be sure to carefully vet any potential candidates, as the wrong choice can result in a low-quality website that may even be plagiarized. Consider using Wobado Expert Services, we have a team of experts who can help you build a landing page for your website in just a day or two. Our team will incorporate your trending topic and add all the content, text, images and affiliate links you want, so you don't have to deal with the headache of web development.
We have a All-in-One Solution for Business Starters, where you can choose a Topic, and we will do your Keywords Research, Register your Domain, Create a Logo and Brand Design and we will build your whole website including search engine optimizations and promote your Business trough Social Media and Marketings Campaign Ads.
Your new domain will also be listed upfront on the website and sent to over 10,000 interested buyers, giving you more exposure to potential buyers.
If you want a Shopify Store or another Online-Shop-System, you have two Options: Renting vs Owning your own Online-Shop. We go more in-deep in this topic in this article The Great E-commerce Debate: Renting vs. Owning Your Shop - find out what suits you best.
Step 5: Monetizing your content
After your domain and your website is ready. It's time to Register for affiliate partner-programs like Amazon and other Affiliate Partner-Programs that fit to you product category and add the links you want to promote to your website. This will allow you to earn commissions on sales made through your website.
In addition to affiliate partner-programs, there are many other programs that you can join to monetize your website. One example is Google AdSense, which allows you to display ads on your website and earn money every time someone clicks on them. Another option is sponsored content, where you can write sponsored posts or reviews for products and receive payment for it. You can also offer sponsored banner ads or sponsored social media posts. It's important to choose programs that align with your niche and provide value to your audience. Don't overload your website with too many ads or sponsored content, as this can turn off your visitors and negatively impact your credibility and SEO.
Step 6: Promote Your Business and get some Traffic
After setting up your online business, monetization and affiliate programs, it's time to promote it and get some traffic on your website. The steps you've taken so far are important to make sure you have a solid foundation before investing in ads. Google Ads, Instagram, Facebook, Pinterest, depending on your category, you can choose your Content, get Inspiration form competitors or ask ChatGPT for Ideas.
ChatGPT is great to get some ideas for Content. You can get a 30-day calender filled with Blog Title Ideas or VIral Shorts Scripts for Youtube, Instagram and Tik-Tok Videos, for any kind of content.
Use this prompt to get a 30-Day Calender filled with Content for your Product or Topic:
Just replace [YOURPRODUCT] with your Product Niche Name and you will get a nice calender you can copy or print out like this:
Day | Platform | Idea Title | Short Description | Keywords | Relevant Hashtags |
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1 |
How [YOURPRODUCT] Can Solve Your [PROBLEM] |
Learn how [YOURPRODUCT] can help you solve [PROBLEM] and improve your [RESULT]. | [YOURPRODUCT], [PROBLEM], [RESULT], benefits, features | #[YOURPRODUCT] #solutions #benefits | |
2 | [CUSTOMER QUOTE] | Hear what our happy customers have to say about [YOURPRODUCT]. | [YOURPRODUCT], customer testimonial, satisfaction, reviews | #[YOURPRODUCT] #customersatisfaction #testimonial | |
3 | Behind the Scenes: How [YOURPRODUCT] is Made | Take a look behind the scenes and see how [YOURPRODUCT] is made from start to finish. | [YOURPRODUCT], manufacturing, production process, quality control | #[YOURPRODUCT] #behindthescenes #productio |
Day | Platform | Idea Title | Short Description | Keywords | Relevant Hashtags |
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1 | [YOURPRODUCT] Infographic | Check out this informative infographic about [YOURPRODUCT] and how it can help you with [PROBLEM]. | [YOURPRODUCT], infographic, benefits, problem, solution | #[YOURPRODUCT] #infographic #solution | |
2 | [YOURPRODUCT] Product Shot | See [YOURPRODUCT] in action and discover how it can benefit you. | [YOURPRODUCT], product shot, benefits, problem, solution | #[YOURPRODUCT] #productshot #benefits | |
3 | DIY [YOURPRODUCT] Projects | Get creative and try these DIY projects using [YOURPRODUCT] for [PROBLEM]. | [YOURPRODUCT], DIY, projects, problem, solution | #[YOURPRODUCT] #DIY #projects |
All for free. SEO Experts charge Thousands of Dollars for this. You're welcome. You can do this with every Product or Topic.
After creating the content you want, it's Time to setup your Ad Campaign, again, you can hire someone or try it on your own. If you want to skip failure, hire Experts to be on the safe side, it will save you money and an experience you can miss out, to be honest. We want to setup ads, because we want to get instant visitors and customers to our website, while SEO is building up in the background to get you organic search results over time.
Start with a low budget and see how the campaign performs, and then scale up or down accordingly to the results.
You can either run Google Ads or Ads on Instagram and Facebook on your own or let experts handle it for you, we offer Expert Services like this to promote your business on all Social Media channels. You can also start by creating an Instagram Ad with a budget of $10-20 to promote a post to potential buyers. As you start seeing results, you can increase your budget to reach even more people and grow your business. Add daily or weekly content on Social media to generate Engagement. Important: After your first AD, you will have an overview on the demographics of your target audience, which you can use on any other plattform to promote your products.
Step 7: Analyse & Optimize and of course Reap the Fruits
Congratulations, you have successfully completed all the necessary steps to start your online business. As soon as you start promoting your products, you will get your first customers and sales. But don't stop here. This is crucial, keep your daily work up and don't think you are done now or you made it, you didn't yet. Post daily content on your social media, with the Ideas you got from ChatGPT.
And of course, Reap the Fruits of your hard work while you do. Depending on your goals, you have now two options: either run the business and scale it up, or sell it and start a new venture.
If you decide to run the business, the next step is to focus on optimizing your revenue streams. Keep an eye on your website's traffic, conversions, and sales. Analyze your customers behavior and preferences, and adjust your marketing strategy accordingly. Stay up-to-date with the latest trends in your niche, and continuously improve your products and services to keep your customers happy.
On the other hand, if you choose to sell the business, to repeat the process and make money with building businesses - it's also your option. We can list your business at any time with a Premium Listing and reach out to our potential buyers.
No matter which path you choose, remember that you have all the tools and support you need to succeed. Don't let fear or doubt hold you back. Take the first step and see where it takes you. Our dedicated support team is always here to help you with any problem you may face. So, what's your excuse? Start your online business today and achieve the success you deserve.
Expert Services with Wobado
At Wobado, we offer you an all-inclusive marketplace with Expert Services to help you succeed. Our team of professionals can assist you every step of the way we described, from building your website to marketing it to potential buyers. With our help, you can start your own online business and achieve financial freedom.
Remember, every successful entrepreneur started somewhere, and they all faced challenges and setbacks along the way. It's natural to feel nervous or unsure, but don't let that stop you from pursuing your dreams. Believe in yourself and your abilities, and trust that with hard work and dedication, you can achieve anything you set your mind to.
Just imagine the possibilities that await you once you take the leap and start your own online business. You could be your own boss, work from anywhere in the world, and have the freedom to pursue your passions and interests. So what are you waiting for? Don't let this opportunity pass you by. Take action now and start building the business of your dreams.
And always remember, success is not just about making money. It's about doing something you love, making a positive impact on the world, and creating a legacy that will last for generations to come. So go ahead, take that first step, and see where your entrepreneurial journey takes you. The sky's the limit!
PS: Just a friendly note that some of the links in this post are affiliate links - by clicking and making a purchase, you'll be supporting us and helping us create more helpful content like this. Thank you so much.