There has never been a better time than now to start a small online business for added security. The added benefit of another income stream will reduce the amount of time to pay off all your debt. You can even start for FREE! Interested?
Starting a small online business is the wisest decision that anyone can make because it can be easy and cost so little. There are only four things that are necessary to be successful in earning an online income from a small online business.
* A website to showcase products and collect revenue
* A host for your website
* Knowledge of the products being promoted on the website
* The demographics of your target market
These four items will be discussed in detail below. So sit back, relax, and get ready to learn how you can start an online business and earn money while you sleep.
Do Some Research
One thing I remember my Dad used to always say, “Prior Proper Planning Prevents Piss-Poor Performance”. As I grew older his words became more and more clear to me. We all have a tendency to start projects without doing proper planning. Starting an online business is no different. In fact, it is vital to do some research first to avoid unpleasant results.
I suggest starting your research in reading how some online marketers reached their success and take note of what steps they took in reaching success. If you want to be a millionaire, do what millionaires do. In other words, copy their path to success to avoid the pitfalls and speed bumps along the way.
You can read some success stories here: How Some Affiliate Marketers Are Finding Success With This Secret
I recommend considering starting an online business in affiliate marketing. It is the simplest business platform to start and the costs are the lowest. Become an affiliate to Amazon and promote a product that Amazon sells and earn a 4% to 9% commission.
Or you can research some videos on YouTube to get an idea of what kind of products you would like to promote.
Another good place to get an idea is to read my Complete Beginners Guide To Affiliate Marketing to learn what steps to take to be a successful online marketer.
Having an online business the right website is an important factor in the overall success of the business. I recommend WordPress as the website of choice. There are over 4100 different WordPress Themes to choose from, and these websites are free.
WordPress started out as a “Blog” but has evolved into a very popular full-blown website platform. The blog part of the website has posts of articles that market your products or services. These post then link to products to buy, whether they are on the website or link to affiliate sites.
Each WordPress Theme is unique and the learning curve to know how to use it is very small. Depending on which niche you decide to start a business in will determine which Theme is ideal for you. This is the next step in your research.
Deciding What Niche Is Best For you
One of the hardest decisions to make is deciding on what niche you would like to get started with. There are so many to choose from. Most experienced online marketers say to follow your heart and promote what you have a passion for.
Their reasoning is simple. It takes time to build a successful online business. While they are waiting for visitors to find their website they must continually be adding content (articles) to their website. It is sometimes hard to commit to adding content when no visitors are visiting your website. Most people will quit before ever becoming successful because they are expecting instant success. Very few people find instant success.
If you want to be an affiliate and promote other peoples products like Amazon, Nike, etc, then your research can be done with a keyword tool. Enter a product name into the search and see what the search volume is. Strive for a monthly search volume of at least 100 and a competition volume of less than 300 (lower is better).
This list below may give you some fresh ideas on where to start with choosing the right niche for you. These niches provide areas that people are searching for solutions to their problems. If you can offer advice to solve their issue, you have won their trust.
I suggest writing down what you have a passion for. Then write down what experience you have. Look for a match between your experience and your passions. This niche could be the best place to start your online business.
Another important factor is deciding who are you going to market your business to? Who is your ideal customer? This is the demographics of your target market. Knowing who to market to will determine the website layout, colors, and imagery of your website. The demographics of your target market are divided into age groups.
* Seniors (ages 60 – 70)
* Babyboomers (ages 50 – 60)
* Generation X (ages 35 – 50)
* Millennials (ages 21 – 35)
* Generation I (ages under 20)
Finding the Right Host and Building Your Website
This is another step that is critical in your path to success. There are a lot of hosts to choose from. Choosing the wrong one will leave you frustrated and waste your time and money. Selecting the cheapest one is not always a better choice. Likewise, choosing the most expensive one is a waste of money.
I suggest researching several hosts to find out what they offer for the price they charge. A host that gives you a website only without any online tools is NOT a good choice. To be successful online your website must attract visitors. Without visitors, your website dies.
A good host offers online tools for free. There are very few hosts that give you these online tools for free. Some tools that are necessary are
* Submission to the search engines
* Keyword research tool
* Site Speed
* Daily website backup service
* Unlimited email accounts
* SSL certification
* Website training lessons
The list above is just some of the many online tools I have found that is necessary to achieve success with a website. Starting an online business is hard enough and your business needs as much help as it can get to start ranking in the search engines. The benefit of having these online tools starting out will give your online business an added boost in achieving success in the shortest amount of time.
I recommend the host with the most which include all the above online tools. They offer more than any other host available, bar none. They even allow you to start for free and give you two websites and ten lessons just for trying them out. You can remain a free member for life if this what you want.
I highly recommend them because they offer so much more than any other host. Not only just websites but a complete university from domain name registration, to training, to marketing, to free online tools. To see just some many services that are all included just read my review here: An Honest Review Of Wealthy Affiliate.
The Formula For Success
The formula for success is planning, execution, and commitment. Without any of these three factors, success will be difficult to reach. I have learned that planning is vital in reaching any goal.
The best way to start an online business is to have a plan so that the goal of success can be reached. Taking the time to research all the many areas available to you is an approach that I highly recommend.
I started my quest in online marketing by writing a book and building a website to market my book. I didn’t know anything about marketing a website. This first venture turned into a disaster which forced me to abandon this venture. I only had a dream, which was to sell my book to anyone that was interested in becoming an online entrepreneur. I didn’t devise a plan to turn the dream in to reality first which was why I failed.
I don’t want this mistake to happen to you. I want your first online business to be a success. A plan will make your path to success much more achievable.
Execution is another factor in finding success. Knowing what to do and how to do it is crucial in building your online business. I recommend to at least get some marketing instruction to give you a step-by-step formula in creating your plan. As I said earlier you get all this from joining Wealthy Affiliate University and their ten free lessons to online marketing. You’ll be glad you did.
Commitment is the final factor in becoming successful. Desire is just a wish without commitment. You have to decide to fulfill your desire with the work and commitment to have any kind of success.
Creating a small online business gives you the added benefit of building multiple sources of income. To become debt-free and control your own destiny having multiple sources of income is the only way to be successful. If you desire to be your own boss, or just desiring some extra money then having an online business is your key to success.
What are you waiting for? The sooner you get started creating an online business the sooner you will start earning more money. More money means a better, happier life for you and your family. You control your own destiny. You deserve a more abundant life. Click on the button below to secure your future.
If you have any question, comments, or suggestions about this article don’t hesitate in replying below. If you know of someone that wants to start an online business but don’t know where to start, please share this article with them.
I look forward to helping you in any way I can.
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