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Types of Businesses to Start

Got A Social Media Following? You Can Turn It Into A Business. Really.

Just follow these 6 steps to move from posts to profit.

Jayson Demers

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If you’re like most professionals, you’re already somewhat active – or very active – on social media. You probably have personal accounts on Facebook, Twitter, LinkedIn and Instagram, plus connections/followers on each. And you probably occasionally post content that keeps you more or less engaged with those audiences.

True? If so, then consider this: What you’re already doing at a personal level isn’t that different from a commercial one.

In fact, you’re already posting what a full-fledged social-media marketing campaign would be posting. The only differences are direction, intention and scale.

Related: 7 Social Media Marketing Secrets No Marketer Wants To Admit

So, what if you started scaling-up your personal efforts? What if by doing so you accumulated an audience of thousands, tens of thousands, maybe hundreds of thousands of followers – then turned those inexpensive social-media efforts into a full-fledged business that made you money? It’s possible! And with the six strategies that follow, you’ll see how.

First things first

First, a caveat: Not everything can be a business. It you want to make a profit, you need to offer something valuable. Otherwise, almost anyone can start a business – even if that means professional services, like consulting or independent contract work.

So, do some brainstorming before you attempt the actual conversion process; you’ll need a clear business plan before you proceed.

social-media-conversion-process

The conversion process

With a business idea in hand and a social media foundation in mind, you are read to take the six steps that will lead you through the conversion process:

1. Start with a personal brand

A personal brand is optional, as you can build a business with a corporate brand at the centre of your social media strategy. But a personal brand will make things easier; you’ll retain your reputation even if the business goes under. You’ll engage on a more personal level with your audience. And you’ll cultivate more trust in the meantime.

Make a set of “brand standards” for yourself, and adhere to those standards across the board. Get a professional headshot, and commit to developing your social personality in line with your vision for the business.

2. Develop expertise

Next, you’ll need to develop expertise in the area of your business; only when you have this pre-existing expertise, will your prospective customers trust you enough to patronise you in the early stages of your business development.

It can take a long time to build this expertise, so the sooner you start, the better (and if you’ve already started, great). First, choose a niche: The more specific you are, the better; having a specific niche means less competition and a faster rise to the top.

Importantly, you can always expand to more general areas later. Turn your profiles into a kind of resume of your achievements in this niche, and start promoting content and engaging in conversations that show off your knowledge.

3. Build meaningful relationships with industry influencers

Next, identify key influencers in your industry. These can be other individuals (personal brands) who are known as thought leaders or publishers or known simply for their brands.

The only requirements are that they be active on social media, have a large following and carry significant influence. Start and engage in conversations with these influencers, exchange value with them and build relationships. These will come in handy later.

Related: 4 Social Media Tips For B2Bs

4. Get published

Leveraging the expertise you’ve already built (along with, quite possibly, your influencer connections), go to the next step: Get your content published by external sources. If you have a website set up, use inbound links to funnel referral traffic and gain authority in search engines within your industry.

Start with niche publishers, or any publisher that’s reputable and easy to get published on. Then work your way up to more significant, broader publishing channels.

5. Launch your core product or service

At this point, it’s safe to launch your core product or service – the claim to fame for your business. Distribute a press release, launch a content strategy and push your promotions across all your social networks.

You may even want to do a lead-in for the few weeks leading up to your big launch, to build suspense and mystique around your products and services.

In any case, you should be able to attract a significant initial audience, and if your influencers share or cover your announcement, you’ll stand to benefit even more.

6. Tap into your networks to expand

Your trajectory should be constantly moving forward in the social media world. Engage with higher-level influencers. Get published on bigger, higher-traffic publishers. Keep engaging with new audiences to expand your following.

The more you engage in these expansion efforts, the more authoritative and powerful you’re going to become, and both your customer acquisition and retention will improve.

Related: 5 Ways To Improve Your Millennial Marketing Strategy

Building a business isn’t easy, no matter what kind of runway you build for yourself or what mediums you enlist to help you along the way. Be prepared for this eventuality.

Your social media audience, if tapped to its full potential, can give you a massive head start in terms of customer acquisition, but it’s still up to you to deliver the best-in-class products and services that your audience will have come to expect from you. Be a businessperson first, and a social media guru second; that’s the only way you’ll survive.

Jayson DeMers is founder and CEO of AudienceBloom, a Seattle-based SEO agency. He also started Crackerize.com, a lyrics-humor website.

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Types of Businesses to Start

10 Businesses You Can Start Part-Time

Find your perfect match for a successful part-time start-up.

Nadine Todd

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Start your part-time business today

Contents

  1. Public Relations
  2. Freelance Photography
  3. Corporate Videos
  4. Small Business Advertising Agency
  5. Writing, Editing and Proofreading Services
  6. Internet Marketing Consultant
  7. Web Design
  8. Tax Accountant
  9. Business Consultant
  10. Business Plan Consultant

Launching a company – even if it’s operated part-time – is all about drawing on your skills, talents and interests to create a viable business. What you know and what you’re good at form a good basis for a part-time business because these companies either become an extension of what you enjoy doing most or they are based on your strengths.

Working part-time while still maintaining a permanent job is time consuming and often exhausting, so choosing what you take pleasure in or are good at can keep you focused and motivated. The right fit is important when it comes to launching a part-time business. Selling a service rather than a product does not require large start-up costs, which means you can grow your business without financing until it becomes self-sustaining.

Are you looking for a business that you can launch in next to no time?

Read: 10 Business Ideas Ready To Launch!

Corporate Communications & Promotions

Corporate communications covers a host of areas, mainly because this is the sector that takes care of how companies look to the outside world – something that is very definitely a service, but also that is not often taken care of in-house.

If you can write, edit, have a knack for advertising, can take photographs or create promotional and corporate videos, you can offer your services part-time to companies both large and small that are in need of these services.

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Types of Businesses to Start

10 Business Ideas Ready To Launch!

Where do you find a good business idea? Right here. Here you’ll find several innovative business ideas that are ripe for plucking.

GG van Rooyen

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Where do you find a brilliant business idea?

It’s not as hard as it may seem at first. In fact, the idea is arguably not all that important. There’s a reason investors talk about backing the jockey and not the horse: It’s often not about the idea, but the execution.

A great entrepreneur can turn even a mediocre idea into a success; all that’s needed is a USP and great customer service.

That said, some ideas are undoubtedly better than others. And some businesses are easier to get off the ground. In the following pages you’ll find a curated list of business ideas that have reached a point where they’re just waiting to be exploited.

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Types of Businesses to Start

The 10 Best New-Age Business Ideas You Haven’t Heard About Yet

Creating the company of your dreams often begins with learning more about something completely new to you.

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You don’t have to over-utilise iPads and smartphones to transform your business into a modern one. Connecting with newer generations is easy when you take advantage of the cool, in-demand ideas at your fingertips.

Here are 10 new-age business ideas to get you started.

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