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How to Start a Business Guide

Top Business Ideas for 2022

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The mission of our organization is to invite successful business owners to write informative articles that provide value to our readers.

The article is written by InboundPlan.com – Inbound Plan specializes in training, entrepreneurship, and helping business owners grow their business by implementing an inbound framework. 

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Starting An Online Business - Top Business Ideas for 2022

  1. Become a consultant and look for high-paying clients on LinkedIn. LinkedIn is where entrepreneurs, business owners, directors, founders, decision-makers are hanging out.  
  2. Monetize your knowledge and create an online course. 
  3. Partner up with successful companies that offer high ticket items and commissions. 
  4. Digital Marketing & strategies – Learn digital marketing and offer your services to business owners. Every business needs marketing and digital marketing is growing and it is a very lucrative industry to be in.
  5. Start a non-profit. Yes, non-profit is a business model, and many successful entrepreneurs have started a nonprofit. In the nonprofit model, the social cause is primary, and profits are secondary.

 

Steps to starting a business

Brainstorm, research and validate your idea to ensure it will be profitable.

Brainstorm ideas, conduct market research and gather information about your potential customers.

  • What problem does your product or service solve? 
  • Targeted audience 
  • Market demand & trends
  • Create a Blueprint, outlining action steps to launch a digital business in little as 30 days.  Do not have any idea? Look at the Top 5 ideas for 2021
Marketing & Growth Strategies
  • How do you plan on marketing your business? Learn about Digital Marketing channels such as Facebook, Google Marketing Platform, Influencer, Content, and more.
  • Pricing strategies
  • Turning web visitors into paying customers. Implementing lead forms on your website.
  • Revenue streams – Create a detailed plan & strategy on how your business will make money. 
  • Sales conversions strategies
  • Roadmap & growth strategies. 
Legal structure of your business & Tax benefits
  • Sole proprietorships 
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP) 
  • Corporations
  • S Corporations 
Register Your Business
  • Choose your business name. Think about your brand and check that your business name isn’t already being used by someone else.
  • Register your business. If applicable, apply for licenses and permits. 
  • Get Federal and state Tax ID’s and open a business bank account.

LLC is very common among startups. Think about your business model and choose the type of legal structure that best fits your business.

The choices you make could affect your taxes, tax strategies, legal requirements, and revenue.