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What Do You REALLY Need to Build a Successful Online Business? 

Building an Online business can seem like a convoluted and arduous procedure.  There are several moving parts and you will need to get them all in working and functioning smoothly to begin generating profits. 

While there Is some truth to the scenario mentioned previously, the truth is that to create a successful online business requires only 5 components.  

The ‘make Money online’ scene is replete with courses and apps and’techspeak’ which only confuses and discombobulates most newcomers.  This’noise’ drowns out the fundamental concepts of online marketing. 

In truth, The 5 elements below are all you really need. 

     

  1. An informative and engaging blog

Having a website is Essential.  It doesn’t matter whether you are doing Kindle Publishing or affiliate marketing using social media sites, you absolutely MUST have a blog/website. 

This will enable you to build your list and a relationship with your

audience.  The issue with relying on social networking accounts like Facebook or YouTube is that you’ll be subject to their rules and they can throw you out at any moment without warning. 

Thousands of people have lost their accounts and seen their businesses|companies} dry Up overnight because they put all their eggs in one basket… and it was someone else’s basket. 

Build your own site which you can call your own.  This is crucial.

     

  1. Products you can sell or market

To make money online, you have to sell something.  If you’re an affiliate Marketer, you’ll be promoting other people’s goods — and once again, something needs to be sold for you to make a commission. 

However you look at it, you are selling.  As obvious as this may

Sound, so many novice marketers never seem to wrap their head around.  They are so busy purchasing products and consuming information that they don’t realize they are NOT selling anything. 

You will not make a cent unless you sell.

     

  1. Traffic

Traffic is the lifeblood of any online business.  Contrary to popular

Belief, a gorgeous website and good content alone are no guarantees.  You’ll have to actively create traffic to your site. 

You can either use paid traffic (faster but more difficult/expensive to

Master) or free traffic which basically is either search engine optimization or

siphoning off traffic from more popular sites. 

You may do a mix of both or focus on just one method.  Either way, you MUST make traffic generation a daily endeavor.  Do something each and every day which will contribute to generating traffic to your web properties. 

     

  1. A funding

People often scoff at estimates such as”It takes money to make money”… and

They use quotes such as”You don’t lack resources.  You lack resourcefulness.” 

These self-help quotes aside, the truth of the matter is that you

Cannot multiply by zero.  You’ll need money to get a domainname, pay for hosting and an autoresponder.  If you are doing paid advertising, you’ll need funds for that also. 

While the amount of money needed to build an online business is a

Fraction of what you would need to construct a brick-and-mortar business, the reality is that it helps to have a few hundred dollars in your budget when you are starting out. 

So, if you have a day job, do save up until you have some funds for your

business.  Do NOT be too fast to quit your day job.  Work at your job when working on your business. 

When You earn enough online to rival your monthly salary at your day Job, you can choose if you would like to stop and go full-time. 

     

  1. A responsive email list

The final and most important component is your list.  There’s no denying The efficacy of a responsive list.  A list of buyers (those who have bought from you before) is invaluable. 

Subscribe to a Trusted autoresponder service such as Aweber,

GetResponse, ConvertKit, etc. and build your list. 

These are the 5 basic factors that will decide if your internet Company takes off or fails.  Do give them the attention they need and your Business will soar in record time.