When Money Makes Money

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

Building an Online business can seem like a complicated and arduous procedure.  There are somany moving parts and you will need to get them all in alignment and runningsmoothly to begin generating profits. 

While there Is some truth to the situation mentioned previously, the reality is that to build 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 beginners.  This’noise’ drowns out the fundamental concepts of online marketing. 

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

     

  1. An informative and engaging blog

Having a website is a MUST.  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 problem 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 time 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 which you can call your own.  This is vital.

     

  1. Products you can sell or market

To make money on the internet, you have to sell something.  If you are an affiliate Marketer, you will be promoting other people’s products — 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 beginner marketers never seem to wrap their head around.  They’reso busy buying products and consuming information that they fail to realize they are NOT selling anything. 

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

     

  1. Traffic

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

Belief, a beautiful website and decent 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 concentrate on just one method.  Either way, you MUST make traffic generation a daily endeavor.  Do something each and every day thatwill contribute to generating traffic to your web properties. 

     

  1. A funding

People often scoff at quotes 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

Cannot multiply by zero.  You will need money to get a domain, pay for hosting and an autoresponder.  If you’re 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’d want to build a brick-and-mortar business, the reality is that it helps to have a few hundred dollars on your budget when you are starting out. 

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

business.  Don’t be too quick to quit your day job.  Work at your job when working on your business. 

Once you earn enough online to equal your monthly salary in your day Job, you can choose if you wish to quit and go full-time. 

     

  1. A responsive email list

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

Subscribe to a reliable autoresponder service such as Aweber,

GetResponse, ConvertKit, etc. and build your list. 

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

When Money Makes Money

        3 Common Difficulties Most Newbie Marketers

Trying to build

An internet business will ask 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 find how little you really know.  Every time you learn

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

It will

Almost appear to be a never-ending process… but rest assured, that with time you will master the basics and get your ducks in a row.  Below you will find 3 common

difficulties that many 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 myriad of methods when it comes to making money online.  There’s freelancing,

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

more. 

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

Be to focus on a single business model.  Ideally, you should pick one which you may

be innately suited to. 

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

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

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

freelancers.  If you are good, you will be sought after. 

If you prefer to build your own business where you are your own boss, you will

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

Kindle publishing may be calling your name. 

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

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

 This is the key to unlocking your success online.  Do what you’re 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 almost all 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

reliable 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, by simply doing a few Google

searches or look on YouTube for tutorials. 

These 2 free resources are lifesavers.  Technical issues can seem

Intimidating, but do not let them scare you off your online marketing path.

 There’s absolutely no rush.  Take your time and fix 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.  As you could hire agencies to do it for you, if you are a beginner, it will be costly. 

It’s far better to learn it yourself so you do not have to rely on other people.

The secret to success with traffic generation will be to focus on a couple of 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 to the chosen

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 initially… and it is going to snowball into

massive amounts of traffic. 

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

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

Will inevitably be yours.