1 YEAR IN BUSINESS - WHAT I'VE LEARNT! | Online Business Tips | Tips for online business success

1. Starting a Business with Little Money
2. Importance of Representation in Business
3. Community Over Competition
4. Benefits of Showing Your Face in Business
5. Understanding Compound Interest in Business
6. Listening to Your Audience for Success
7. Success Without a Big Audience
8. FAQ

Starting a Business with Little Money

The first thing I want to say and one of the first key learnings is you can really start a business with like no money... So, if you take all that up, in my first month, I reckoned I spent about 150 pounds, maybe not even that, maybe like 120 pounds on my ring light, my Shopify, and a few other subscriptions, and then I used free resources to create my first ebook.

Importance of Representation in Business

The next thing I learned, which I kind of knew of before but I really know now, is how important representation is... I just felt like if I could jump on this platform, share some content, and be that person for someone else who can hear me, or see me, or whatever and find some similarity within me and them which makes them feel better about whatever they're doing or maybe even gets them to the point where they're ready to start their own channel—I just think that's so powerful.

Community Over Competition

Another thing that I've really learned during this past year is the importance of community over competition... So, the importance of community over competition has definitely not been lost on me.

Benefits of Showing Your Face in Business

Another thing that I've learned is something that I've always known but I've never tried it myself, and that is all around showing your face... So if you take anything from this video, if you're still unsure on whether or not you can show your face on camera, I have a whole video about how to become more confident on camera, please watch it.

Understanding Compound Interest in Business

Another thing that I've learned from this past year with this brand is that compound interest or compounding interest is a legit thing... Just trust me when I say that you will. You will, and you'll be so thankful for all the hard work that you're doing now when those results start to come in.

Listening to Your Audience for Success

The key to creating a successful business literally lies in listening to your audience... And that is how I've managed to grow the business. Every time I've created a new product, I've done so because you guys have asked for it.

Success Without a Big Audience

And the final thing that I have learned from my first year of being in business and having this brand is that you don't need a big audience to be successful... But that is an example of how you don't have to let the fact that your audience isn't big yet hold you back from creating the products.

FAQ

Q: What is the importance of showing your face in business?
A: Showing your face in business can help you connect with your audience on a more personal level and build trust with them. This can lead to stronger relationships and better engagement in your business.
Q: How can listening to your audience lead to success in business?
A: Listening to your audience is key to understanding their needs and preferences. By adapting your products or services based on their feedback, you can increase customer satisfaction and drive growth in your business.
Q: Is it necessary to have a big audience to be successful in business?
A: No, having a big audience is not a prerequisite for success in business. By focusing on serving your existing audience well and continuously improving your offerings, you can achieve success even with a smaller audience.
Q: What is the significance of community over competition in business?
A: Fostering a sense of community over competition can create a supportive environment where collaboration and mutual growth are prioritized. This can lead to long-term success and a stronger network of like-minded individuals.
Q: How can understanding compound interest benefit a business?
A: Understanding compound interest in business can help you realize the long-term effects of consistent effort and investment. By staying committed to your goals and allowing your efforts to compound over time, you can achieve significant growth and success.
Q: How can representation impact a business?
A: Representation in business is crucial for connecting with diverse audiences and creating a sense of inclusivity. By representing different voices and perspectives, businesses can attract a wider range of customers and foster a more welcoming environment.
Q: Can a business be started with little money?
A: Yes, it is possible to start a business with minimal investment. By leveraging free resources, being resourceful, and focusing on essential expenses, entrepreneurs can launch a business even with limited funds.