ADDING ONLINE INCOME STREAM TO YOUR CURRENT BUSINESS | Earn money from Online with Offline Business

In this video we will educate you about adding another income stream to your current business. This income stream will be adding to your profitability from Online business within your current spectrum and scope of business. In other words, we will educated you how to earn money from online activities within your Offline business.
Most of the videos that you watch suggest you about starting new business. On the contrary most of the people are doing business and of course it is not prudent to leave your current business and start a new one just by watching a video and without doing any research. Here we will educate you how to expand your current business. This video is for those people who are doing offline business and want to expand it to generate more revenues or profits.
Normally businesses are in two different states;
1. The business is already making a profit and you want to expand it by adding some more income
2. Your business is at loss and you want bring that business to break even or convert that business to a profitable venture
In both these cases, this idea will help you out as you will be able to integrate the business and generate profits. Secondly, you will be better equipped to face your competition rather you will be better placed from the competition.
So let’s move on to the process of making your online presence. Most of the people start by focusing getting the website developed. They invest a lots of amount of getting the website developed and as they are not very clear on what to get from the developers and developing and advertising your platform is a difficult task, business don’t get the desired results. So, I would suggest that you don’t go full throttle on a website. Rather you get a static website make and then focus on developing social media pages. They are all free and you don’t spend a single penny on them. On the other hand, you will not be able to get any revenues from these social media pages. What you will have to do is spend on advertising. Once you advertise, you start getting leads of business and then some of those leads mature. Some of the people ask me that if we spend Rs. 20,000 on social media, will we get business of Rs. 100,000. I understand what they mean to say. Their margin is generally 20% so they say that if they spend Rs. 20,000, will they be able to get that money back from day 1. This is not the case. You will make more money from these pages but it will take a bit of time, maybe few months. Once repeat purchase of your product start, you are able to make much more than what you spend. There are lots of businesses who started small online but now their online sale is higher than their offline sales.
Once you are done with it and are making money through your social media pages, what you have to do is start getting the website made. I suggest that because website is your owned online shop. I will say that when you have social media platforms that you are working on, it is sole discretion of these social media platforms to change the policy when they want and that policy can hit your revenues. On the other hand, you own website is where you choose the policies yourselves.

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