Welcome to my How To Become An Entrepreneur blog post. Now, in this blog post, I’m going to walk through kind of my formula for being an entrepreneur. It’s not the only formula but it’s a formula. And it goes like this. Ideas, research, talk, test, and start. And I’ll be explaining to you the ways you might be able to become an entrepreneur yourself. Let’s get it.
Introducing Myself :
I am Raju Bhadra working with online marketing since 2012. At the very beginning, I worked cash my link CPA company by promoting watching movies. Then in 2014, I worked with Clicksure and Clickbetter. I promote their products by reviewing. After that, I was outside a few months for my LLB and LLM graduation. Then After 2016, I started to promote WarriorPlus and ClickBank Product and The Four Percent Group. After 2017 I started to release products in WarriorPlus. I released over 50+ quality products in WarriorPlus. Now at present, I am promoting various JVZoo products and My main focus on LEGENDARY MARKETER & ENTRE INSTITUTE because I LOVE High Ticket Program and everyone should join a High Ticket Program.
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How To Become An Entrepreneur?
Dear friend, becoming an entrepreneur is a great decision. First off, not an easy decision. It’s not an accepted way of life. You know, I’ve met so much resistance from my family, from my friends, from my co-workers. It was enormous. It was crazy. Nobody understands really what it means to be an entrepreneur. There’s no guaranteed path.
I want to explain my definition of an entrepreneur for a second. In my mind, an entrepreneur is not a franchisee, okay? Somebody owns up a franchise, possibly. But it’s definitely not somebody who’s a start-up. A company looking to raise money in order to make money. An entrepreneur is somebody who runs a cash flow business. A business that makes money that affords that person to live and pay themselves and pay employees and all that jazz.
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Now, I can tell you from experience that your life as an entrepreneur is much better because when you have your own life in your own hands. When you… You are responsible for your own income. You are responsible for your own freedom and you’re also responsible for your own success. And having that ability is just so awesome.
For me, I don’t have any employees and it’s amazing. You know, I am financially doing alright. And also, I have a lot of freedom to focus on whatever I want or be with who I want to be. Or go where I want to be. Now, that’s not saying that I don’t work very hard. I work extremely hard.
Here’s how I would start if I was giving advice to somebody else to start and become an entrepreneur.
1 – IDEAS:
So, number 1 is ideas. You want to get all your ideas out. And ideas meaning, what is an area of business or life that you feel you can add value in. You know, what is something where you can do something better than whatever is currently on the market, okay? It may be that you can create a better bird feeder, okay?
You have ideas for creating a better bird feeder because you don’t like the bird feeder that they sell in Wallmart. Or maybe your ideas more of the invention. It’s like, maybe it’s a little robot cleans up dogs’ fur around your house. A robot that specifically cleans up dogs’ fur around the house that people might want to purchase. Or maybe your invention is… Uhm whatever. It’s a new type of… Or maybe your product that you want to sell as an entrepreneur is sort of like a handmade good. It’s a unique style of the lighting fixture. it’s q unique type of furniture piece for people’s houses. Whatever it is that you’re selling. So whatever those ideas are, just lay them all out of what sort of areas you believe you could be an entrepreneur in.
2 – RESEARCH:
The next step is research, okay? Go out and look at similar companies to yours that you want to start. Again, if going with the example of if you want to sell art, find other artists and see how they’re selling their arts. See how they coming across customers. How are they getting their patreons or their customers, whatever that is! If you’re selling a bird feeder, see how, you know, do the research on to where you would sell that bird feeder. If you want to sell it into Wallmart, do your research into how you actually sell into Wallmart. How do you meet somebody from Wallmart, how do you get on their radar so that you can have a meeting with them?
How do you perform that meeting, what are they looking for, what’s sort of cost structure. What sort of margins do they want to make? All of this information, you can find on the internet. You can do an unbelievable amount of research on a business before you started on the internet. But you want to understand all of the different sides of the business. Where are the suppliers, who are the vendors? What sort of cost, what’s the margin you’re dealing with? Are you going to be cash-flow negative? are you going to be cash-flow positive? What are the terms that your vendors and suppliers get? You can look up a lot of information, okay? There’s no reason not to do research. If you skip out on doing research, you’re not taking your business seriously.
Read More – How To Become An Entrepreneur?
Research is the most foundational element of any business. Understanding the ins and the outs of the players in an industry is super important. If you want to sell hotdogs in New York, you better know where do you get the hotdogs? Where do you get the stand, where do you get the hotdog stand certification. You know, do you have to have food inspection, etc. There are so many laws and regulations and vendors and suppliers. And you can find this information simply by calling them up or doing research or whatnot. Talk to other company owners. If your art, talk to a few artists. Ask them how they sell their products.
And also keep in mind, you know, what I didn’t address here is what is your goal. Okay? If your goal is to make millions of dollars and all of the local handmade good sellers on Etsy are only making an extra thousand or $2,000 a month, that might not be the business, for you or you might need to change your goal. Again, understand everything in the context of what your goal is.
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3 – TALK:
You got to talk to your customers, okay? Talk to potential customers. If you skip out on this, this next important element, you are missing out on a huge, huge deal. If you’re going to try to sell a product, and you haven’t talked to anybody about it, you’re not an entrepreneur. You’re a hobbyist. you’re an amateur, you’re a passerby.
Real entrepreneurs actually survey and talk to their customers. Not a survey. I’m sorry. You actually have a verbal conversation with potential customers. If your product idea or your service idea is not actually going to rest, if it’s something you can cock in in your mind but has no basis in what customers actually want, you’re crazy.
Read More – How To Become An Entrepreneur?
It’s funny because I do some angel investing. And I see these startups every day. They’re young kids, they’re right out of college and they have some idea. They’re going to create the Uber for movers. Uber for home movers. Maybe it’s a good idea, maybe it’s not. But I ask them if they ever talked to any potential customers that people actually need this. I said, “Have you talked to people who are actually moving? And ask them why they didn’t consider using an app?” It’s craziness. Most people starting companies just come up with an idea and they say, “Oh, they should be Uber for movers.” But when asked, you know… Let’s say, college kid.
They would say, “Oh, it’s too expensive.”They’ve never done the research with actual people, okay? And all the startups fail, okay? All the startups fail because they never actually talk to the end-user who would potentially buy their product. So, talk to people. Talk to people, talk to people. Don’t skip this step. If you skip this step, I don’t know how to help you. You know, you’re crazy.
4 – TEST:
The next step is to figure out a test, okay? the text can be very simple. It doesn’t need to be anything complex. But you want to do real market testing. So, let’s say you want to start a consulting business. You want to start giving people advice on interior design. Give away some consulting for free. You know, help people out for free. If you have a new recipe for a better hotdog or organic gluten-free hotdog or whatever you’re coming up with. Go on the side of the street and just start giving away those hotdogs. Cook hotdogs for people and gives away. See if the market likes it. Do people like your interior design help or are they just saying you’re just like everybody else?
Because if you’re not creating something that’s adding a lot of value to the world, it’s going to be an uphill battle. Generally speaking, you want them to blow people away with an amount of value you give them. Or you want to figure out what do people find most interesting about your consulting, your hotdogs. Maybe you gave away these hotdogs but what the people like the most were your homemade bread buns, okay?
Or maybe people what like the most about your hotdog was you add some homemade ketchup and that was their favorite aspect of it. So maybe, ketchup is your product Or maybe of your interior design consulting, what people liked the most was just helping them get their head straight to figure out just the general style of their house. Whatever the business is, you can test it very easily. Find the easiest way to test it with a minimal amount of money.
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5 – START:
This brings me to the last element of being an entrepreneur. To become an entrepreneur is just a start, okay? It’s just a start. Start selling. If you’ve done you… If you post some ideas, if you’ve done your research and found the business is viable and other people are making the amount of money, you want to make, you have an idea of all the vendors and suppliers, you talked to people, you’ve talked to maybe company owners as well as potential customers and ask them if this is a real need for them. And you’ve also tested it. Again, testing is the most important part because people lie. You can talk to 10 close friends and ask them about your business. But say, “Oh, it sounds great.” But when they actually come to buying or using your services, nobody might. So, but the last element is if…
If your business fits all of those different 4 things, it’s just gets started. Just get started and don’t turn back for at least 3 to 6 months. Don’t look behind you, Don’t doubt yourself. Just get started and don’t learn to look back and figure out a way to make this business work.
Final opinion: How To Become An Entrepreneur
So I hope this blog post was helpful and kind of explaining How To Become An Entrepreneur. I’m an internet marketer. I’ve been running an internet business since 2012. I’ve been making thousands of dollars. And I’ve worked in a number of different fields but place, where I’ve made most of my money, is affiliate marketing. If you do want to learn more about making money online and even starting an affiliate marketing-based business, which any products it doesn’t require any customer support or fulfillment or any of that jazz. Then check my No #1 Recommendation.
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