What Do You REALLY Need to Build a Successful Online Business?
Building an Online business can seem like a complicated and arduous process. There are several moving parts and you will need to get them all in alignment and runningsmoothly to start generating profits.
While there Is some truth to the scenario mentioned above, the reality is that to build 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 newcomers. This’sound’ drowns out the basic concepts of online marketing.
In truth, The 5 components below are all you really need.
- An informative and engaging blog
Having a website is Essential. It doesn’t matter whether you’re doing Kindle Publishing or affiliate marketing using social networking 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 moment without warning.
Thousands of people have lost their accounts and seen their businesses|companies} dry Up immediately because they put all their eggs in one basket… and it was someone else’s basket.
Build your own site that you could call your own. This is vital.
- Products you can sell or market
To make money online, you have to sell something. If you are an affiliate Marketer, you’ll be promoting other people’s products — and once again, something needs to be sold that you make a commission.
No matter how you look at it, you are selling. As obvious as this may
Sound, so many beginner marketers never seem to wrap their head around. They’reso 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.
Traffic is the lifeblood of any internet business. Contrary to popular
Belief, a gorgeous website and good content alone are no guarantees. You’ll need to actively generate traffic to your website.
You can either use paid visitors (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 mixture of both or focus on just one method. Either way, you MUST make traffic generation a daily endeavor. Do something every single day which will contribute to creating traffic to your web properties.
- A funding
People often scoff at quotes such as”It takes money to make money”… and
They use quotations such as”You do not lack resources. You lack resourcefulness.”
All 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 will need funds for that also.
While the amount of money needed to build an online business is a
Fraction of what you would want to build a brick-and-mortar company, 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 until you have some funds for your
business. Don’t be too fast to quit your day job. Work at your job when working on your business.
When You earn enough online to equal your monthly salary at your day Job, you can choose if you would like to stop and go full-time.
- A responsive email list
The final and most important component is the list. There’s no denying The efficiency of a responsive list. A list of buyers (people 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 which will decide if your online
Company takes off or fails. Do give them the attention they need and your Company will soar in record time.