5 Unbelieveable Online Business Success Stories

The primary principle of wealth creation hasn’t changed despite the fact that there are more chances for entrepreneurs to launch their own businesses as a result of the internet: Make your money work for you by establishing numerous sources of passive income.(online business Singapore)

In the digital era, there are many different ways to accomplish this.

You can develop a blog that makes money from advertisements, self-publish eBooks on services like Kindle, or build affiliate websites that produce commissions passively.

Building a full-fledged e-commerce store will probably be the option that gives you the heebie-jeebies out of all your choices. You must be ready for all the heavy labour that follows market research and finance, including online marketing and inventory management.

Is it difficult?

Absolutely.

Is it simple to execute?

Obviously not.

But is it rewarding?

Of course!

Allow me to share with you five fantastic ecommerce success stories that will motivate you to start your own business if you’re considering doing so but are afraid to do so because of whatever restrictions you may be experiencing.

Continue reading if you’re ready to be motivated.

1. The National Parks Depot’s Robert Nava(online business Singapore)

The fact that it doesn’t matter who you are or what you have done in the past is one of the main benefits of online entrepreneurship.

What you do after making the decision to enter your desired industry is all that matters.

Robert Nava spent the majority of his life in prison from the age of 11 to 27.

He had a serious drug use issue and was convicted of several offences.

Nava, an ex-felon, acknowledges that after leaving the California State Prison in 2007, a deep, burning yearning for acceptance motivated him to try numerous entrepreneurial endeavours.

He had a string of failures before finally finding success with National Parks Depot, which is today a well-known online retailer of outdoor equipment.

Success arrived for Nava at the ideal time.

Through a simple Facebook page, he tried his hand at online retailing as his family struggled to make ends meet.

Nava established his online presence by marketing personalised tees and sharing pictures of national parks from around the globe.

In order to obtain things he didn’t already have, he eventually tried drop shipping.

Nava tried Facebook ads since he lacked a sufficient number of Facebook followers.

However, he made the decision to begin with a modest budget because his financial situation was dire (he couldn’t even pay his rent).

He paid $60 for the paid advertisement and waited to see how much, if any, profit he would make.

To his surprise, just the first day’s sales from his $60 advertising budget brought him $1,000.

On the next day, he quadrupled his budget, which nearly doubled both his sales and his budget.

His business grew rapidly in a month just by repeating the method and washing it.

2. MixedMade by Morgen Newman & Casey Elsass(online business Singapore)

The three-step strategy that internet business owners frequently employ to get out of a rut when they become stuck during the product research phase is as follows:

1.Step 1: Acknowledge the issues facing their audience.

2.Step 2: Look for current fixes.

3.Step 3: Produce a product that is significantly superior to that of their rivals.

Entrepreneurs Morgen Newman and Casey Elsass demonstrated that you frequently don’t need to delve too far for a successful product concept.

They were able to create $170,000 in sales in just 10 months by simply mixing raw honey with chilli flakes and branding the finished product as MixedMade.

Following their first success, they kept growing their product line by experimenting with various, unusual flavour combinations.

The business started by Newman and Elsass is now called Bushwick Kitchen.

The enormous press coverage that MixedMade received contributed significantly to their success and immediately led to a 2,200% increase in sales.

All of this was made possible by Casey’s efforts to pursue every press target they had in their sights tenaciously.

Although many people may view their circumstances as the stuff of entrepreneurial dreams, they didn’t reach their level of success without facing obstacles.

Due to the significant rise in their sales volume, PayPal briefly put MixedMade’s account on hold as a fraud-prevention measure.

Their suppliers of bottles and chiles also had supply problems.

The two didn’t give in to the intense strain and kept their attention on one issue at a time.

There are a number of things you can take as an e-commerce firm to protect your online store against similar circumstances. Adding more payment alternatives is a simple illustration. You can accept payments from Visa, Discover, MasterCard, Amex, and even Paypal if you use credit card processing services like North American Bancard.

When you have numerous ways to accept and process payments, you’ll have backup plans in case one of those payment options has problems.

This implies that your e-commerce business can continue as usual.

It’s also a fantastic idea to have more than one supplier of a crucial product component, like Newman and Elsass did after suffering bottle shortages.

3. Bonobos’ Andy Dunn(online business Singapore)

It’s time to emphasise the benefits of increasing slowly, gradually, and surely now that you are aware of the risks associated with unplanned growth.

Andy Dunn’s clothing web shop, Bonobos, taught him this lesson the hard way.

The business sent out newsletters to its leads and offered discounts of up to 60% in an effort to grow more quickly.

Although they made a fair attempt, their website was unable to handle the increasing traffic. Numerous customer complaints resulted from this, forcing them to temporarily shut down the website until the problems were resolved.

Make sure your website can manage the increased volume of traffic before launching marketing efforts that will dramatically increase the amount of traffic to your website. You can do this not just by ensuring that your supplies are sufficient but also by upgrading your web hosting service.

Fortunately, most contemporary web hosts like Bluehost and HostGator make changing plans simple.

Major e-commerce platforms like Shopify allow their partners to host CDNs as well.

Source: online business Singapore , how do you start your own business online