Modern advancements in technology, especially the ones in the last decade have afforded us ample opportunities for online business. It is now increasingly common for young people to make six figures and more from the comfort of their homes. Patrick Corsino, a young online entrepreneur has determined that the future of entrepreneurship for ambitious, outside-the-box thinkers, largely lays online.
Research shows that one in four Americans earn a living from the online economy. Needless to say, the online money-making industry is buzzing with numerous opportunities. Mr. Corsino has sized these opportunities and conjured impressive success in a variety of online ventures such as, affiliate marketing, e-commerce, crypto trading and creating information products.
Consequently, he has earned himself upwards of six figures in each of these industries, and he has done so at only twenty-three years.
Now, Mr. Corsino is venturing into mentoring young entrepreneurs to take initiative and transform their ideas into thriving businesses. In this article, we look at how you can start a business today.
Google Legitimate Ways to Make Money Online
Determining what online industry you are best suited for begins with research. However, you should be careful as the internet is flooded with information on numerous ways to make money. Without adequate research on the scalability of an industry, it’s easy to get distracted. Some of the most effective and quick ways to make money online range from influencer marketing to trading cryptocurrency, to online coaching. The opportunities are endless. However, the efficacy of these opportunities will be determined by your tenacity and ability to set and pursue both short and long term goals. That is why it is recommended that you settle for industries that will still be relevant later on into the decade. For instance, all four of Corsino’s businesses are in industries that grow exponentially every year.
Be a Big Picture Thinker
The internet is without a doubt one of human’s greatest inventions and its significance can only be likened to when we first controlled fire. Possibilities existing only in the virtual world are brought to life every day by people who choose to think beyond the bigger picture. In keeping with the mantra that it is better to have lesser of a bad thing than more of a good thing, Corsino advises that is better to enter the industry with a solution to a problem, rather than introduce a new idea altogether. The latter is more difficult to pull off. Since coming up with a solution to a problem shared among a population requires critical thinking, this will be your greatest test as a thought leader.
Find a Mentor
If there is one thing you are certain to notice in every successful entrepreneur across the board, it is that they are all usually in the learning process. So much so, that the majority of business leaders are avid readers or have been engaged in some sort of training program along their entrepreneurial journey. Patrick had to invest a sizeable amount of money into online courses that sharpened his understanding of e-commerce. It is very important to have a mentor or source(s) of valuable insights on how to navigate the rough waters of growing a startup. As easy as earn a living online may seem, it is easy to get one or two things wrong. Considering that most failed businesses never get a second chance, it is important to tighten all loose ends. That is why the mentoring stage is one of the most important steps in the process of achieving financial freedom through entrepreneurship.
Patrick suggests reaching out to someone that is more established than you in your industry for obvious reasons. Look for someone who is willing to connect with you. They don’t have to be famous, just experts on the matter. It will make for a much smoother hand-holding process that allows you to follow a virtual footprint-guidance on how others managed to thrive so that you can end up like them.