Becoming a Successful Online Entrepreneur according to Steve Barbarich

 Entrepreneurship is a difference-maker. It can help anyone get the freedom to do things that he or she is passionate about. But given the changes in technology, not only do you need to be entrepreneurial, but you also need to be tech-savvy at the same time. 

Steve Barbarich is a well-known entrepreneur and published author of “The Complete Manual on How to Make Money from Your Inventions and Patents”. Learning from his life experiences can help improve your learning curve. With over a decade of experience and expertise in internet marketing, he shares the following lessons to those who want to generate wealth and create business opportunities online:

Study, dive, repeat

Steve graduated with a degree in Engineering, but he is also an inventor. Thus, he is very familiar with the struggles of marketing a creative idea or an innovative product.

So in 2000, he published a book that aims to guide inventors on how to make their products saleable and maximize profits by patenting their inventions. 

With his patent-processing guide, he was able to share how one innovative product can create income annually thereby providing more opportunities for the innovator. After receiving good reviews on his book, Steve recognized a new business opportunity and created a company that would help struggling inventors who need financial assistance. 

This is the first takeaway that we can learn from our featured entrepreneur - do initial research, take action, get feedback from the market, then create a new solution based on a new problem presented by the market. 

Learn From Failures 

It isn’t always going to go your way. There will be instances when you will need to regroup and readjust. Steve Barbarich over the years experienced both success and failure. A quick search for his accomplishments and you might even see a few blunders here and there. But at the same time, he learned from these mistakes and he was able to bounce back. 

Never Forget Your Community

For Steve Barbarich, it is always important to never forget about your community. With his success, he never forgot about the community that supported his business. He helped people who suffered from natural calamities and women who needed to have a mammogram. These are just a few things that made him not only popular in the community as well, but also someone respected by customers. 

Always Evolve 

Lastly, Steve Barbarich learned that you should keep on learning and evolving. Over the years, Steve Barbarich became an inventor, author, and entrepreneur. On top of that, he is considered by some as a philanthropist. 

He believes that there are instances when you need to explore new horizons. This will help give you the chance to find success in other fields. It is even possible to find greener pasture. 

Final Thoughts

Entrepreneurship isn’t always easy. But with a smart approach, just like what Steve Barbarich did, it is possible to become successful in your chosen niche. You’ll be able to know what your audience wants and understand their pain points. And who knows, you might be the next Steve Barbarich. 

Steve Barbarich Airbnb Guide During the Pandemic

 There is no denying that the travel industry has been affected by the pandemic in the last 15 months or so. Airlines had to furlough their employees while cruises have to stop their operations. And because of this, the vacation rental industry has also been affected. The effect of the pandemic on the travel industry has trickled down to the small players who put up their real estate properties on Airbnb.

In case you are new to the vacation rental industry, you might be thinking about whether or not it is a good idea to invest your money in this type of business. Steve Barbarich has explored the vacation rental industry both in its highs and lows. He has come up with different approaches that allowed hosts to find success in the industry.

During the pandemic, it requires a bit of creativity to be able to find your niche and gain profits. Here are some strategies that can come in handy.

Focus on longer bookings

A lot of people nowadays want to stay longer in one place. Who could blame them? Travel restrictions have changed the way people live their lives. A lot of people stayed in one place for the longest time last year. Many are looking for a new place that they can explore. Some would stay for the entire week in one property only to jump to a nearby location. This also means that you only need fewer bookings every month.

Increase the price in exchange for more services

A lot of hosts are hesitant to increase their prices. And who could blame them considering the number of people who are still hesitant to travel? So why increase the price during this time? What you can do is offer more to your guests. For starters, you may offer them the entire property with no other guests. It means that even if they are paying more, the guest can be confident that they are not interacting with people who are strangers.

Ask for proof of vaccination

Vaccine passport is a highly debatable topic. Some people are still hesitant to show proof of vaccination saying that it’s a violation of their privacy. If you are looking to accept multiple guests, this might be a good idea to ask for proof of vaccination. If not, you can ask for a negative COVID19 test before accepting the guest. It can be a tricky process but it is for the good of all your guests.

Make the place conducive to work

Next, you also want to take advantage of the trend that companies are now letting people take their work at home. For those who are tired of working inside their home, vacation rentals can be a breath of fresh air for them as they can get exposed to a new environment. If you plan on attracting people who are going to work on your property, might as well invest in a good table and chairs.

Prioritize your cleaning and disinfection procedures

Sanitizing your property is a must for every after guest. You want to make sure that you also let your guests know that they are staying in a place that has been cleaned and sanitized.

Steve Barbarich Airbnb tips can help hosts from different parts of the world. It is possible to maximize your profits even during a pandemic.

How Ecommerce Can Help Businesses Survive The Pandemic

 The pandemic has affected many businesses. In the last six or seven months, businesses that were thriving were left with diminished profits. Or worse, businesses were even forced to close due to safety protocols or because of losses.

Brick and mortar stores closed simply because they can’t accommodate people and maintain social distancing. Restaurants had no other choice but to reduce the tables that they can accommodate. However, if you will look closely, you will realize that a lot of these businesses survived because of the internet. There is a growing number of offices that have been abandoned without letting go of a single employee because they were able to profit despite the pandemic.

Work-from-home setup is now common. Plus, more people are productive when they are given the freedom to work at home.

The Secret to Success is Online?

Steve Barbarich who is an entrepreneur learned early on that the secret to success can be found online. He discovered this opportunity when he purchased a product online only to find out that it a lot of businesses lacked the right approach in aftersales.

From here, he started improving people’s eCommerce experience. He believes that word of mouth is still the best marketing strategy that can get a business more customers. 

 

Steven Barbarich made it possible to move his products and improve the experience of his customers by looking closely at the trends that were developing online. He didn’t stop evolving along with technologies. Instead of thinking about the cost of adopting new technologies, he figured that these are things that can help improve the overall experience and could eventually drive sales.

One of the technologies that he adapted to his business is the use of a mobile-first approach. Today, your website won’t even rank if you are not going to have a mobile-friendly site. Plus, he also took the time and resources to come up with an app to make it easier for his customers to make an order and communicate with his company.

Going Online to Save Your Business

A lot of businesses today are struggling to open their stores since the cases are not yet fully resolved. Plus, you also can’t ignore the fact that a lot of people are hesitant to buy products and avail of services if they have to go out of their home.

Now is the best time to have a website or even have your own app. According to one survey, 63% of respondents mentioned that the pandemic changed the way they shop. And one of the changes is that more people are now buying online. They are having food delivered on their doorsteps instead of going to restaurants to eat.

It means that every business should go online. If you already have an established community on social media, it becomes easier to communicate with your market. You can ask them to support your venture and you will be surprised by how much it can affect your sales. If you haven’t started transitioning online, now is the best time to start. Who knows this might be able to save your business.