Today I am sharing some tips you can use to set up your internet business. Remember these tips are not exhaustive, you can research for more stuff on the internet, and however, these tips are critical for any person intending to get off the ground as an internet entrepreneur.
1. Start with a 'model' and a 'plan'
A business model or plan is your road map to success. You will need a proven business model to follow; there are thousands of successful businesses online you can learn from. You can study multi-billion business models for Google, YouTube, Yahoo and Face book. It is important to note that although Internet businesses are easier to set up and profit from than traditional businesses, you must have a vision and marketing plan in place. It does not just happen like that out of the blue.
2. Identify your Niche
Before you decide on what type of business you intend to venture into, you need to do thorough research into the niche or market segment you want to invest in. For example you might be planning to start selling eBooks online. But before you start selling the eBooks’, you need to find out which niche or segment you want to write about. You need to ask yourself these questions: Is the niche profitable? Is there a need for the eBook? How many people are looking for this information on the internet? Is my eBook providing solution to a need in the market?
EBay is an excellent source for niche ideas. People go there looking for bargains on hot products and topics. Lucky for us, eBay keeps track on what people are searching for! You can visit this site http://pulse.ebay.com.Alternatively you can also use Google Trends.http://www.google.com/trends.
After identifying a niche of interest you can now plan on what to write, before you even think on how you are going to sell your product. Remember in order to make it on the internet, you must first identify a problem, then work on how to provide a solution for that problem. Millions of people surf the internet on a daily basis to find information on how to address their problems. So if you are able to provide a solution to a particular problem then your product will be able to sell. This is the secret formula six figure info-preneurs use to rake in thousands of dollars every month. However, there is more to it than just identifying a problem and providing a solution. We will cover this in future posts.
2. Register a website
In order to start online business you need a website. You can still start making money on the internet without a website. But it is advisable to start your own website or journal in the form of a blog. Blogging is also referred to as online journaling in the sense that you can add content on a daily basis, whenever you have fresh ideas to share with your readers.
The origination of the term ‘blog’ is interesting. It was initially called a ‘weblog’ meaning a log or a diary or a journal that helps you to record your thoughts on a day to day basis. In that sense it was rather in its primitive stages. This term was later shortened to blog and this is when free blogging services like Blogger became extremely popular.
Blogging today is not restricted to only maintaining a journal. It has truly become a platform where various kinds of people from all walks of life, whether they have the same ideologies or not, come and discuss the matters they think will benefit other people.
You can easily register for a free blog in a few seconds. Visit: www.blogger.com to set up your free account now. When you have some money you can now graduate to word press. But before you start using word press, you will need to register a domain name. This does not cost you much, visit https://www.godaddy.com/.
3. Learn to outsource
Remember you cannot know it all when it comes to internet business. There are so many things you need to know before you can start running the business. There is HTML, domain registration, Domain hosting, Adding codec, Adsense, Key words, traffic generation, Link exchanges and a whole lot of things you need to master in a short time. Areas where you are not very competent in, are your weak points, the best way to address these weak points is to find someone who can take care of these activities.
Remember these areas of 'weakness' can suck away a lot of valuable time that you could better spend doing what you're really good at. This is the best way to maximize your time.
4. Take Daily Action
Think about what you can do each day to grow your business, even if you think you've got all the pieces in place. You can always benefit from more traffic and more leads, right? Stay up to date on market research and add new keywords to your pay-per-click campaigns, or take a spare hour to write that article you've been putting off. Compose a message to your opt-in list, and offer them a new 'freebie' to build good will and keep your open rates up.
Last, but not least, don't forget to take a break and just enjoy the freedom of being your own boss. Go for a walk or run a few errands. It's important to get out and interact with people, especially if you work alone at home! Remember Theodore Roosevelt said ‘It is hard to fail, but it is worse never to have tried to succeed.’
To your success!!!!!
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