- Business and Employment
The 5 Steps You Must Take Right Now To Start Your Own Online Business.
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There are still a small number of people who are stuck and not sure of what they’re supposed to do next, or let alone, what they’re supposed to do first in order to get their online business started.
But before I go into what steps you need to take right now to start your own online business, I want to address this important issue that you should know about.
I’ve been receiving many emails from subscribers with very important questions. These questions most likely apply to you as well. Maybe you’ve asked me the same thing, but don’t worry as I will be addressing all these questions here today in this article.
I’m not going to post every question I got here, but I will brief things up so we can get to the point.
Basically, so many of my subscribers and customers (maybe you too) are very interested in building a future for both themselves and loved ones. They admit to being scared to make any moves because of today’s economy, and they can’t afford to fail.
And if you’re thinking the same thing, you’re probably wondering what I suggest you should do, right?
Well, since starting a business during the way today’s economy is going is supposed to be a bad idea, the downturn of this economy is actually a GOOD time to start an Internet business.
Online sales have never been STRONGER, you’ll have access to an entire global market, the start-up costs are negligible, and you can get started while you’re working a “regular” job, so you won’t feel the pressures of needing to earn big profits right away.
As a matter of fact, there are tons of benefits for starting an Internet business during a recession.
It’s common to feel scared when you’re just starting out but the truth is that there’s nothing to really worry about!
There’s actually VERY little risk that you’ll fail – as long as you are following a tested and proven system for starting a successful online business.
With the right system, you can start slowly but surely, without huge costs upfront, only using the free time you get on evenings or weekends to get the basic requirements in place.
Then, as time goes by, you’ll continue to learn and grow and start earning modest profits. This will allow you to invest more time and money in your business and keep applying better advanced strategies until your online business is making you serious money.
Then, once your first online business is running hands-free, you can use everything you have learned to start a second one, then a third and so on until you have MULTIPLE streams of income flowing into your bank account automatically.
By that time you’ll have probably kissed your regular day job goodbye FOREVER!
Wouldn’t that be nice? But you have to know that it won’t happen overnight and it’s not as easy as every other person advertising on the Internet tries to make you believe. If you take your time and stay focused, motivated, without giving up, this life-changing income CAN really be yours!
Anyways, back to the main reason I wrote this article…
I want to help get you started with your own online business today. So I would like to give you a walkthrough of the steps I personally use and give to all my customers in order to help them build profitable online businesses.
I’ve been teaching this system for years now and it has worked really well for hundreds of people – with many of them now making incomes of $5,000… $10,000… Some even $15,000 or MORE per MONTH!
But don’t get discouraged by those numbers, you can start off small and easily supplement the income you’re already making at your job which could be an extra $1,000 or $2,000 per month to help you pay off debt, take a vacation, buy things you could never have bought before, etc. You get the idea.
Ok, let’s get started…
Step #1: Figure Out What Your Passions and Interest Are
I know I’ve already told you this before but it’s worth going over it again.
If you want to start an online business, you should base that business on your own personal skills or interests.
People who build their business around their own personal passions or experience almost always tend to achieve more success FASTER than people who don’t.
Plain and simple: If you’re not passionate about what you’re doing, you simply won’t find it as enjoyable and you’ll be less likely to succeed – or you could even FAIL!
So the first step you should take is to figure out what exactly are your passions, hobbies, interests, ideas and areas of expertise.
Step #2: Find A Lucrative “Niche Market” Filled With Hungry Buyers
If you’ve been reading any of my articles posted on this blog, you should be pretty familiar with the term“niche market”.
In fact, it’s probably the one MOST important thing you should understand, because finding a niche market is SO critical to the success of your online business!
But if you don’t know what it means, most successful Internet marketers along with myself define a niche market as “a group of people who are searching the Internet for a solution to a problem and NOT finding it.”
In other words, you’re looking for a specific market that has a HIGH demand and a LOW competition. Seems pretty simple, right?
So how do you find a niche market? In a word, RESEARCH.
You’ll need to do the following:
- Keyword research to find out what
problems people are typing into the search engines
- Market research to find out where your potential market hangs out online
- And, Competition research to make sure there’s room for you in that market.
And please remember, DON’T rush this process!
This critical step is the most important one you will take when creating your online business. Finding your niche is like building the foundation for a house. The stronger your foundation is, the more stable your entire house will be.
Step #3: Find A Hot-Selling Product That Your Niche Market Will Beg You For By Joining A Good Affiliate Program
Once you’ve found your niche market, and understand the problem you’re going to help people with, it’s time to find the solution(product or service) you can recommend to them.
And while you can build your own product to sell online (if you wanted to; of course), there are plenty of products and services you can recommend without having to spend money on development, manufacturing, shipping, and storing.
- Work with a drop shipper, promoting their products while they take care of the shipping and storage for you
- Join an affiliate program, and get paid commission by recommending other peoples’ products on the Internet
- Offer to perform a service for people
You can use sites like Worldwide Brands, Commission junctions,PayDotCom.com , clickbank, and so on to find these products and services that you can recommend.
And while these are all great options for someone just getting started, the HOTTEST thing you can recommend online is information!
By finding the right affiliate products in the form of an eBook that solves your niche markets problem for them, you can recommend these eBooks and the company you’re affiliated to will deliver it instantly hands-free, plus you get paid commissions up to 75% from each sale!
You can find tens of thousands of products online that you can recommend to your market and get paid good commission for.
So what you need to do for this step is to find the perfect information product that is the solution to your niche markets problem. So visit clickbank.com and you can search for literally any information product in any market that can be delivered digitally within seconds.
Once you find a product at that you think your market can use, you can simply join their affiliate program (free of charge) and start recommending that product to your niche market.
If you want to explore other types of products besides digital information, you can look for products to recommend on any of the following sites:
Step #4: Drive Visitors To The Product Sites You Want To Recommend And Start Earning Your Commission
Your job is NOT over once you’ve figured out your what your passions are, found a niche market of hungry buyers or picked the products you’d like to recommend…
Now you need to start actively sending customers to the products you’ve found. There are many ways that you can do this. You can pay for traffic or you can receive it for free.
You’re probably thinking to yourself, “why would I pay if I can get it for free?”
Well you’re right for the most part but it’s not quite the same. I’m going to explain the difference between both paid and free traffic and you can decide what’s best for you at this time.
If you pay for traffic, you’ll get a lot of people on the product sites much FASTER and the way to do that is with a pay-per-click (PPC) adverting campaign which you can set up with major search engines like Google, Yahoo, and Bing (a.k.a. MSN).
When you get started with a PPC campaign, you:
- Will get your ads listed at the top of the search results in
as little as 15 minutes
- Get lots of traffic for very little money
- ONLY pay for the advertising that actually works (which means you only pay for people who actually click on the ad and see the product offer you sent them to)
And it’s SO easy to get started with too!
You just bid on the specific keyword phrases you found in your market research when looking for a niche market so that whenever someone enters any of those phrases into the search engines, a link to the product site appears at the top of the results page.
When someone clicks through to the website from that link, you pay the search engine the amount you bid on for that particular keyword phrase (usually keywords cost under $1, some even .5 or .10 cents).
You don’t have to invest a lot into this. You can test this with $10 or $20, get some traffic to the product sites, see how much commission you make from the sale and then reinvest some of that money you earned into more traffic. You get the idea. Keep doing this until you make more and more and more money.
There’s many ways of sending FREE traffic to the product site you want to recommend to your market!
And one of the best ways that is working really well right now is through Social Media. I’m sure you know what social media is by now. It’s plastered all over the Internet and media.
If you don’t know, it’s basically networking sites where people create their own profiles and keep in touch with friends and family, make new friends, and most importantly for this type of online business, you can use it to talk with like-minded people (people who share the same interests as you).
This allows you to talk with other people that are most likely to buy products or services that you recommend and there’s no cost to you in doing that.
Now, there are many places you can do this online other than networking sites alone. You can go into online forums, blogs, groups, etc.
Below are some of the more important places you can go to interact with other people and recommend products and services. Remember, you can use all of these tools absolutely free and that’s what makes having an online business so great.
Here they are:
Facebook.com The world’s largest social networking site. Members go here to find other people who share the same passions, interests or activities. You can build your own online profile and share different types of information with each other, such as pictures, videos, blog entries, links to other sites, and music clips.
A really good marketing strategy is to create a Facebook “Fan Page” for your online business and encourage your customers to become a fan. Then you can easily alert them whenever you have something you want to share about your business.
Twitter.com – A “micro-blogging” social network site. Members send each other short text-based posts of up to 140 characters which is referred to as “tweeting”. When you find peoples’ “tweets” that you like, you can simply subscribe to their feed and be updated every time they send a new message out.
Youtube.com– This is the Internets number one video-sharing site. Members share comments on each other’s videos. You can put a link on your own profile page that can direct people to your site (or product site that you recommend). Also, the videos you share can help establish your reputation as an expert in your niche market. An example of this would be that you could share a “how-to” video that shows your market how to solve a common problem.
Don’t worry – your videos do not have to be super professional. A video shot with a web cam or a regular digital camera will work just fine.
Google groups & Yahoo groups – You can connect with a world of people who share your passions.
With millions of groups and discussions at your fingertips, it’s easy to find the group that’s best for you — no matter what your interest is.
From within a group, you can reply to a message that someone else posted, or post a message or question of your own. You can also start a discussion in your own group that you can create so you can get in touch and keep in touch with your group’s members.
The discussions can be done online or by email.You can choose whether you want to read and post messages online, or to just use your current email account to read and respond.
Google blogs– This is a good way to search for any blog that is currently talking about your favourite topic. Once you find a blog talking about your specific topic, you can post comments and links about the products you decide to recommend.
Discussion Forums – It’s a message board or an online discussion site. It’s pretty much a modern equivalent of a traditional bulletin board. People participating in these forums may cultivate social bonds and interest groups for topics which may form from the discussions.
If you want to search for forums in your particular market, just type
your keyword or topic into a search engine along with the phrase
“discussion forum”. For example: If your topic is “martial arts”, you’d
type the following into a search… “martial arts” “discussion forum” …
There you have it. These tools should be enough to get your business going.
By participating on sites like this, you can meet your future customers and learn how to give them exactly what they are looking for. In exchange, they’ll be more than happy to spread the word about you and the sites you want to recommend all over the Internet!
This all means that you’ll make money and then you’ll be able to grow your business by investing some of that money you make into paid advertising which will work much quicker and effectively.
Step #5: Use Email Marketing To Build Relationships With Your Visitors
Usually chances are the most people WON’T buy products that you recommend the first time they visit a site, so it’s very crucial that you start using email marketing to build strong relationships with your visitors.