What I believe to be true is that a successful online business idea must be Perceivable Passive Profitable™ to get more of what you dream of. Has the COVID-19 pandemic, social distancing, and the looming 2020 economic recession, got you looking for an online business idea? Don’t just choose any. In 2008, during the Great Recession, I used my signature business framework Perceivable Passive Profitable™ to find my million-dollar online business idea. Now you can use my framework to find your ideal successful online business in 2020.
Perceivable, Passive, Profitable™ Framework
You want an online business idea that you can perceive to be possible and be an amazing success for you. Plus you love it and are excited about it. After it is set up properly, the business should make you money passively so you don’t work more than 4 hours a week. Plus, it must be 85-90% profitable and not have limitations on how much money you can make. A business that does not fit my Perceivable Passive Profitable™ framework may have some success, but will it not get you what you dream of and transform your life? So choose the idea with the highest chance of success. I will teach you how to use my framework so that you can find a successful online business idea that works for you.
Why Use My Perceivable, Passive, Profitable™ Framework
In 2008, I tried so many online business ideas on how to make money online. But with each idea, I had to put up with something that I didn’t love about it. I hated how many hours I had to work and that this took me away from my family time. My heart wasn’t in it. I didn’t love doing it every day and it was not intentional for me. There was a limit on how much money I could make (Non-negotiable. Who wants that?). Plus the costs to run the business were high, which means less profit for me. All of these ideas were a BIG FAT “NO”!
I tried these other online business ideas and realized what I REALLY WANTED. My wants turned into the pillars of my signature framework – Perceivable Passive Profitable™.
I used it to choose a successful online business IDEA that gave me EVERYTHING that I wanted.
Then I used my Perceivable Passive Profitable™ Framework to build, grow and maintain my multimillion-dollar online E-commerce business. It’s an online business that I absolutely LOVE, made me a ton of bank (Can anyone say millions?), and gave me SO MUCH TIME to be there for my kids, making memories and building strong bonds. #HAVEITALL #$BOSSBABE #SUPERMOM
Now I teach my Perceivable Passive Profitable™ Framework in The Profit by Design Academy™. Click the link if you want in.
Perceivable Online Business
OK be honest. Have you searched “best online business ideas” on Google yet? With COVID-19 there are BILLIONS (with a B) of searches for the best online business ideas.
Are you confused and overwhelmed about which idea is best for you? In 2008, I did the same thing, searched, and was overwhelmed big time. Each business sounded awesome and I got excited about the possibilities.
But then I asked myself “Will it work for me?” You must ask that question too.
So let’s do the #PERCEIVABLE TEST. Can you see it is possible for YOU in every way?
Do you believe you can #CRUSHIT, #LOVEIT, and #OWNIT in good times and bad?
If you said “YES”, it’s time to move on to the next pillar of my framework.
Passive Online Business
Do you want to work 4 hours a week maintaining your 6- or 7-figure online business? Heck Ya!
I had to throw away many online business ideas because I would ALWAYS need to work to keep making money. I wanted a business where I work ONCE and get paid MANY TIMES.
Now I work 4 hours a week or LESS to maintain my million-dollar online business, but it wasn’t always like this.
In the beginning, I struggled, even with my passive income business, because I was still working too many hours. Why? Because I did not have the systems and processes in place so my business would work for me. The business idea was good, but I needed to work smarter.
Once I had my systems in place, my business generated a 6-figure passive income, while I had time freedom.
Profitable Online Business
Be careful to understand what it means when successful online business entrepreneurs report how much money they make. Usually, they report REVENUE, which is SALES. What they don’t tell you is how much PROFIT they make. There are expenses in running a business. These eat away at your profits.
You want an online business idea that has LOW operating COSTS so that your % of PROFIT is HIGH.
My online E-Commerce business has an extremely high-profit margin (85 -90%). That means I get to keep more of my money #SUCCESS and use it to live the life of my dreams.
Choose A Successful Online Business Idea
Now it’s your turn to use my Perceivable Passive Profitable™ Framework to decide which online business idea will work for you.
You can sell items online like your books, coaching services, online courses, workshops, and webinars. You can also sell physical goods through E-Commerce that you make and ship, or someone else makes and you ship, or your direct ship.
Have you tried any or all of these online E-commerce options; Amazon Merch, Shopify, Etsy, Zazzle, RedBubble, Society6, CafePress, TeeSpring, Spoonflower, FineArtAmerica, iStockPhoto? I have tried these options and many more.
Zazzle was the ONLY online business idea that worked for me and fits the Perceivable Passive Profitable™ framework. Zazzle is an online shopping site for customers. But for online entrepreneurs, like you and me, it’s the perfect platform to use to start, grow and maintain a successful online business.
Since then, my daughter Jen, and thousands of our students started and grew their successful online business idea into Zazzle online businesses that make banks.
Leave a comment and we can chat more about how you can use Zazzle to create a successful online business.
Join Our Community of Online Entrepreneurs
For success, it’s important to surround yourself with like-minded entrepreneurs.
That is why my daughter, Jen, and I, Elke, have a free Facebook group that you can join to make friends, be part of challenges, watch parties, and more.
Click on this link to join The Creative and Ambitious Entrepreneur FB Group
2 replies to "A Successful Online Business Idea Must Be Perceivable Passive Profitable™"
Elke and Jen:
You seriously need to write, “Zazzle for Dummies”. SERIOUSLY! There is no such book and I need it. I am going through PBD, video by video, and as incredibly helpful as it is, Zazzle can be pretty confusing and I wish I had a book I could refer to. I need to refer back to stuff a lot and if you miss one step, you’re screwed.
Warmly,
Barbara
Barbara, I am glad that you are receiving so much value from my training. It’s true, Jen and I are probably the best people to write this book. But until I write the “Zazzle for Dummies” book, you can use our signature course, The Profit by Design Academy™ (PBD or PDA and I call it) as your guide because you are one of our students. The Profit by Design Academy™ is a “Zazzle for Dummies” and more because it gives you short, step-by-step video tutorials in an easy to find setup in the course members area so you can refer back to them as many times as your need and quickly get the information.