Lucinda Fay
New member
You need only one money-making online business that cannot fail to take you from where you are now to where you want to be. Here's what it is.
Creating your own information product is one money-making online business that cannot fail - unless you say so!
This kind of money-making online business is where you create your own product, market it yourself or via your affiliates, and pocket all the profits.
How to build a money-making online business? It can be summed up in 5 steps.
First, research the market & competitors
The simplest way is to find a hungry niche. Then give them a product that they are ready or already buying! This is the fastest way towards building a money-making online business. You can find such niches by doing a search using the Google AdWords Tool which is free.
You need to know your competitors to win the game. Check out the products that they are already offering to make sure that you don't offer the same product or products of less quality.
Second, create the product
The most important step in building this money-making online business is to create the product itself. You can either create the product yourself or outsource it to other parties.
Third, set up the website
Once your product is ready, you need to put it up on a website and start selling it.
What you do is -
1. Buy a domain name from domain registrars like GoDaddy.com, Namecheap.com etc.
2. Get a hosting account. You can Google or check with other webmasters for a good hosting company.
3. Write a sales letter that introduces and sells your product. Again, if you are not good in doing this, you can outsource it to a 3rd party.
4. Set up an autoresponder, i.e. get your visitors to join your mailing list. This is important as generally, no one will buy when they first visit your website. You need to build a healthy relationship with them and gain their trust first.
Fourth, set up an upsell or backend system
To create a lucrative money-making online business, it is not enough to sell only one product. Many internet marketers overlook this. You need to set up a system to "help" your existing customers to buy more products from you. Having various contacts with them and send them additional products would surely help.
Fifth, market your products
There are various ways to do this. For example, you can market your products via email marketing, article marketing, social media like Facebook, MySpace, Twitter etc. You can also engage affiliates to sell the products for you at an agreed rate of commission.
There you have it! The 5 simple steps to build a lucrative money-making online business! It is not a complicated process. You just need to know what to do and do it right.
Creating your own information product is one money-making online business that cannot fail - unless you say so!
This kind of money-making online business is where you create your own product, market it yourself or via your affiliates, and pocket all the profits.
How to build a money-making online business? It can be summed up in 5 steps.
First, research the market & competitors
The simplest way is to find a hungry niche. Then give them a product that they are ready or already buying! This is the fastest way towards building a money-making online business. You can find such niches by doing a search using the Google AdWords Tool which is free.
You need to know your competitors to win the game. Check out the products that they are already offering to make sure that you don't offer the same product or products of less quality.
Second, create the product
The most important step in building this money-making online business is to create the product itself. You can either create the product yourself or outsource it to other parties.
Third, set up the website
Once your product is ready, you need to put it up on a website and start selling it.
What you do is -
1. Buy a domain name from domain registrars like GoDaddy.com, Namecheap.com etc.
2. Get a hosting account. You can Google or check with other webmasters for a good hosting company.
3. Write a sales letter that introduces and sells your product. Again, if you are not good in doing this, you can outsource it to a 3rd party.
4. Set up an autoresponder, i.e. get your visitors to join your mailing list. This is important as generally, no one will buy when they first visit your website. You need to build a healthy relationship with them and gain their trust first.
Fourth, set up an upsell or backend system
To create a lucrative money-making online business, it is not enough to sell only one product. Many internet marketers overlook this. You need to set up a system to "help" your existing customers to buy more products from you. Having various contacts with them and send them additional products would surely help.
Fifth, market your products
There are various ways to do this. For example, you can market your products via email marketing, article marketing, social media like Facebook, MySpace, Twitter etc. You can also engage affiliates to sell the products for you at an agreed rate of commission.
There you have it! The 5 simple steps to build a lucrative money-making online business! It is not a complicated process. You just need to know what to do and do it right.
