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

Building an Online business can seem like a convoluted and arduous process.  There are somany 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 situation 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 programs and’techspeak’ which only confuses and discombobulates most beginners.  This’noise’ drowns out the fundamental concepts of online marketing. 

In truth, The 5 components below are all you actually need. 

 

1. An informative and engaging blog

Having a website is a MUST.  It doesn’t matter whether you’re doing Kindle Publishing or affiliate advertising 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 media accounts like Facebook or YouTube is that you’ll be subject to their rules and they can throw you out at any time 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 had been someone else’s basket. 

Build your own site that you could call your own.  This is crucial.

 

1. Products you can sell or promote

To make money on the internet, you need to sell something.  If you are an affiliate Marketer, you’ll be promoting other people’s products — and once more, something needs to be sold that you make a commission. 

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

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

You’ll not make a cent if you don’t sell.

 

1. Traffic

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

Belief, a beautiful website and decent content alone are no guarantees.  You’ll need to actively create traffic to your site. 

You can either use paid traffic (quicker 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 creation a daily endeavor.  Do something each and every day which will contribute to creating traffic to your web properties. 

 

1. A budget

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

They use quotes such as”You do not lack resources.  You lack resourcefulness.” 

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

Can’t multiply by zero.  You will need money to get a domain, pay for hosting and an autoresponder.  If you are doing paid advertising, you will need funds for that too. 

While the amount of money needed to build an Internet Business is a

Fraction of what you would need to build a brick-and-mortar business, the truth is that it helps to have a couple hundred dollars in your budget when you’re starting out. 

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

business.  Don’t be too fast to quit your day job.  Work at your job while

working on your business. 

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

 

1. A responsive email list

The last and most important component is the list.  There’s no denying The efficacy of a responsive list.  A list of buyers (people who have purchasedfrom 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 online

Business takes off or fails.  Do give them the attention they need and your Business will soar in record time.

        3 Common Difficulties Most Newbie Marketers

Trying to build

An online business will require you to master new skills and get several moving

parts in alignment for your company to function like a well-oiled machine. 

It can be

Intimidating when you discover how little you know.  Each time you learn

something new, there’ll be something else that you will need to figure out. 

It will

Almost seem like a never-ending procedure… but rest assured, that with time you’ll

master the basics and get your ducks in a row.  Below you will find 3 common

issues that most beginner marketers face. 

When You’re

Aware of what these are, you’ll know what to do. 

1.   Selecting a business model

This is by far the most important decision you’ll need to make.  There is

A plethora of methods when it comes to making money online.  There is freelancing,

arbitrage, product creation, ecommerce, Kindle publishing, domaining and much

more. 

The key to success faster than most of the other people online will

Be to focus on one business model.  Ideally, you should select one which you may

be innately suited for. 

For example, if you prefer working for others, freelancing is suitable

for you.  There are numerous freelancers such as writers, copywriters, graphic

designers, software designers who make 5 to 6 figure sums working as

freelancers.  If you’re good, you’ll be sought after. 

If You Want to build your own company where you are your own boss, you’ll

Need to look at the skills you’ve got or your natural talents.  If you write well,

Kindle publishing might be calling your name. 

If you enjoy teaching others, you can create courses and launch your own

products.  So, ask yourself what you truly enjoy doing and what you are good at.

 This is the secret to unlocking your success online.  Do what you are naturally

good at. 

2.   Mastering the ‘tech stuff’

Thousands of newbies quit on their online marketing dreams just because

the tech stuff overwhelms them.  The reality is that most of the technical details

are easy, when you know how. 

And if you really do not want to do it, you can always hire a freelancer

to do it for you.  Never quit on your online business just because you can’t

form a tech issue out.  Rest assured, there are thousands of qualified and

dependable freelancers who can assist you. 

In most cases, you can learn just about anything from setting up a blog

To automating delivery of a product and more, just by doing a few Google

searches or look on YouTube for tutorials. 

These 2 free tools are lifesavers.  Technical issues can seem

Intimidating, but don’t let them scare you off your online marketing path.

 There’s absolutely no rush.  Take your time and resolve them, or pay someone to do it for

you. 

3.   Learning How to drive traffic

Traffic generation is one of those abilities You Have to possess if you

Want to succeed online.  While you could hire agencies to do it for you, if you’re

a beginner, it will be costly. 

It’s far better to learn it yourself so you don’t need to rely on other people.

The key to succeeding with traffic generation is to focus on one or two

methods.  Not more. 

For example, you may choose to focus on Pinterest advertising and Facebook

ads.  Once you decide on the traffic generation method/s, stick with the selected ones before you see results. 

It may take time for you to get the hang of things, but once you master

The fundamentals, you’ll see trickles of traffic … and it is going to snowball into

enormous amounts of traffic. 

The 3 difficulties mentioned above are nothing to be worried about.  Adopt

A proactive approach and take consistent focused action daily and online success

Will necessarily be yours.