Perfect path to Start an Online Business
If you’re 20 years old and want to start an online business, I recommend you starting with a marketing agency. Here are a few reasons why:
1. No need for startup capital.
You can sell your expertise by providing a service. To start providing marketing services, you don’t need to invest money in an office or buy products for an online store, nor you need a marketing budget.
2. No need for deep knowledge.
Marketing is a topic you can easily learn by watching a couple of videos on how to do Facebook ads and start selling your service. It's not like being a doctor or lawyer where you need to go to college, pay $50k, and learn for 6 years. Also, you can hire other digital marketers to do this job. In this case, you don’t need to have marketing knowledge at all, but you need to have sales skills to find a customer.
3. Quick results.
In this business, you can earn your first money very quickly. Just in a few weeks, you can close your first deal if you do everything right.
4. Easy to scale.
Marketing agencies provide services for businesses. There are 300M+ companies worldwide, and all these companies need digital marketing. It’s very easy to find business owners online/offline and sell them your marketing service.
5. Work remotely.
You can live in any country and provide your service worldwide. The internet gives equal opportunities to everyone.
6. Learning on other people's money.
This is my favorite reason. When you’re 20 years old, you have a lot of energy, zero experience, and knowledge. It means that you’ll make a lot of mistakes. If you run your own business, you’ll pay for your own mistakes. If you provide a service, you can make mistakes on other people's money.
7. Expand your business mindset.
By providing marketing services for different types of businesses, you understand how business works in general. What products are saleable, what aren't, what business models perform well, and what doesn't. Dealing with different companies, your business mindfulness grows.
8. Perfect networking opportunities:
Providing a marketing service allows you to deal with business owners and C-level executives, who can be interesting people and potential partners or investors for future businesses. For example, my first investor in Apiway came to me for a consultation about marketing automation. I met my technical co-founder on one of the agency projects. So you can build an amazing network and foundation for the future.
To sum it up, for me, a digital marketing agency is the best springboard for your business path. In my blog, I share how to start and scale a digital marketing agency and transform it into a tech startup in the future.