4 Tips to Finally Shift Your Business to Make Money Online

The inventory-to-internet switch may seem like a completely new way of running a business –but it doesn’t have to be. 

4, 2021

6 min read

Opinions expressed by Entrepreneur contributors are their own.

The global e-learning market has been growing steadily for years.

At the end of 2019, it was valued at $187.877 billion. The need to work online and the demand for online educational services has only increased by the pandemic. Estimations for 2020 consider a value of over $200 billion and could rise to $376 billion by 2026. Switching to e-learning has led to an average income increase of 42% for U.S. organizations. Take the increased eyes on internet yoga lessons, for example. With the widely shared stress and anxiety due to the circumstances, a U.S. survey from April 2020 shows that 18% of respondents between the ages of 18 to 44 is very interested in learning yoga or meditation through online courses and 25% somewhat interested. Those are some really hopeful numbers. 

1. Less is more

It’s clear there is a market for online yoga services, but switching from physical to digital services isn’t easy. It comes with anxieties surrounding financial goals, enrollment success and fears of failure. When it comes to launching online, many entrepreneurs find it’s best to plan based on the MVP principle and the Lean Start-Up Methodology. 

MVP stands for minimum value product, meaning the manufacturing of a product with the minimum required features to be of value to customers, who’ll provide feedback for future development. Lean Start-Up is a methodology for starting a business or developing a product that is based on a built-measure-learn feedback loop that eliminates the uncertainty of the process and helps you quickly discover whether the endeavor will succeed and minimizes the losses with failure. I call it the “skinny launch” and it is based on the less is more principle. You won’t do unnecessary work and waste time while creating a template that you can reuse and expand on for the next launch. It makes the process less stressful and helps you build the confidence to keep moving forward with each succeeding launch.  

Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their original owners.

Follow Chetas Foundation

Follow this NGO if you are interested in Smart cities,Good Governance,Defending Nation,Cyber Security.If you have anything to do with anyone who works for the government at any level, You should follow this NGO.

Opsec Research

Follow this think tank if you work, know or interested in working and knowing about all the international, transnational and global governance,diplomatic relations,world peace and security.

Follow Pune Media on Linkedin

Follow Pune Media

Follow Pune Media for their latest positive coverage,breaking news,polls and much more.

Follow Khumaer Bayas

Follow this account if you want to get the glimpses of things to come, watch interactions with movers and shakers of the world. and in general be updated on issues like #natsec,#opsec,#intsec,#intelissexy the account is followed by few but professional organizations and personnel.

Leave A Reply

Your email address will not be published.