How does online business work [interactive post]

This is pretty basic system which demonstrates how online businesses work.

To make money online you need three ingredients:

  1. People
  2. Product
  3. Conversions

It look easy at glance but when everybody is doing it, it becomes really hard to achieve certain results.

People

You get people by creating free content that is somewhat valuable and shareable. When you scale up then you can do more promotion to attract more people.

Product

When you have people coming to your website or any other platform you then need a product – something to sell. If you can’t come up with a product, then sell somebody else’s product.

Everybody wants to sell, therefore there are plenty opportunities to sell.

Sales is the main mechanic in capitalism.

Conversions

When you have people and some products you want those people and those products to convert. People get the product and you get some cash.

Sounds easy, right? Because it is easy, but it’s hard to accomplish.

Conclusion

Don’t get discouraged by people who tell you that there are no opportunities.

Many people are lazy and watch TV, drink beer everyday and don’t learn anything new for years, thus they get no competence which leads to not having money…