Start by questioning yourself first. As you are into marketing doing a bit of market analysis will be comparatively easier for you. See the various aspects for which the market is booming. Just because any market or business idea seems intriguing. Check the ROI first. For instance, the restaurant business might seem fun and easy. I think every one of us in their college must have dreamt of having a restaurant. However, as per stats, it is one of the most difficult industry to delve in. The survival rate of this industry is minimal.
I would say when it comes to business and a long-term investment, emotions should take the back seat and practicality should be considered. The Internet has definitely made the life easier. Well! The approaches might vary with respect to the business idea you are taking up, but if the beginning is intimidating, then, start with a blogging site. The blogs should be focussed on the target group of business idea you have in mind. There are sites that started off as a blogging site and are now offering merchandise. It was easier for them to sell eventually as they already had an audience base via their blogs and write-ups. Will keep you posted with examples of such sites.
You're in an interesting position.
You know how to attract customers but you don't know much about the "business of business."
Ok, first, I'd suggest you play it close to what you're good at. Instead of starting a dog walking business, why not do something related to marketing but instead of being a jack of all trades, narrow it down.
What you want to do is choose an industry then choose a niche within that industry where you can excel. As someone with a marketing background, you'll be able to do a market analysis fairly easily.
From that assessment, you'll understand where you should apply pressure.
The next step, though counterintuitive, is to get some money through the door. You can do a million other things like register your business, build a website, make business cards, etc. etc. All that doesn't matter if you don't have any revenue coming through the door.
If you go the marketing route, you can choose to do consulting as a start.
If you go another route like E-commerce, you can try For Sale By Amazon first to further test demand before you start with your own Shopify storefront.
After you get that initial revenue, the possibilities for your next step are endless.
How do you start the idea process? First, take out a sheet of paper and across the top write "Things About Me." List five to seven things about yourself -- things you like to do or that you're really good at, personal things (we'll get to your work life in a minute). Your list might include: "I'm really good with people, I love kids, I love to read, I love computers, I love numbers, I'm good at coming up with marketing concepts, I'm a problem solver." Just write down whatever comes to your mind; it doesn't need to make sense. Once you have your list, number the items down one side of the paper.
On the other side of the paper, list things that you don't think you're good at or you don't like to do. Maybe you're really good at marketing concepts, but you don't like to meet people or you're really not that fond of kids or you don't like to do public speaking or you don't want to travel. Don't overthink it; just write down your thoughts. When you're finished, ask yourself: "If there were three to five products or services that would make my personal life better, what would they be?" This is your personal life as a man, woman, father, husband, mother, wife, parent, grandparent -- whatever your situation may be. Determine what products or services would make your life easier or happier, make you more productive or efficient, or simply give you more time.
Find more on https://www.entrepreneur.com/article/217368.
There are two ways to start your own business. First create your own product and market it. Or initially, you can create your own website and join affiliate programs and promote their products on your website to get a maximum commission. Once you are earning a stable income through an affiliate program, then you can launch your own product.
As mentioned in your question, you are a marketing specialist, then I assume you know how to promote or sell your product online.
Feel free to get back to me, if you have any further query.
Your business is just at the base, the essentials currently to build a strong base are:
1. Your company name, make sure its unique and stands out.
2. Decide your Logo, your logo is your identity make sure it leaves an impact on your audience, you can check out a printing service to help you create a logo and also print it here: https://www.printstop.co.in/logo-design/
3. Make sure you plan your budget and include various activities.
4. Make sure you use various marketing strategies to promote yourself, do not hesitate to invest in marketing strategies like these marketing materials to help you promote your brand: https://www.printstop.co.in/marketing-materials/categories/
Hope this was helpful.
Step 1: Do Your Research.
Step 2: Make a Plan.
Step 3: Plan Your Finances.
Step 4: Choose a Business Structure.
Step 5: Pick and Register Your Business Name.
Step 6: Get Licenses and Permits.
Step 7: Choose Your Accounting System.
Step 8: Set Up Your Business Location.
Step 9: Get Your Team Ready.
Step 10: Promote Your Small Business.
Hi there, if you are looking something in the same field of marketing then try for some soft sales over the phone like marketing surveys over the phone or solar appointment booking.
1. Look within you to see if what you want matches your interest.
2. Does this require any training or education? Business plans? Insurance? Taxation? IRS?
3. Talk to those in this field or business.
4. How much money and equipment do you need to get going including licenses, etc?
5. Do your research.
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