Step #2 How to Start an Online Business

5 Mar

startonlinebizHow to Start an Online Business with NO Product, NO Experience and NO Money Step #2

I am going to start with the simplest process to make money on line. It’s not spectacular money, just good money, enough for, say a monthly car payment or mortgage payment. The process requires very little work and what little work there is can be outsourced very, very inexpensively.

As I mentioned yesterday internet businesses can easily overwhelm you. This is why I’m starting out simple.

There are a few things you need to decide upon before you begin. The first is: What niche are you looking to promote? To simplify, niche is the field of expertise. For example, I am a writer and musician and so the products I promote usually have something to do with the arts. One product I’m currently promoting is a tutorial on how to Write, Publish and Market Your Novel into a Best Seller. http://amzn.to/1orLvhR

It doesn’t matter what niche you decide to go with (there SOME exceptions which I’ll discuss later) but it’s important that it’s a topic you enjoy writing or talking about.

The most popular niches have something to do with health (growing organic foods, exercises to improve vitality, supervitamins etc)  Weight loss (how tos and tips) Internet marketing (which is what I’m showing you how to do) dating relationships (one of my best selling books is on middle aged men’s divorce’s  http://amzn.to/ZMvhqx then there’s self help, pets and animals, the latest electronic devices, collectables (old trains, coins, stamps etc) how to make money, sports (golf tips are VERY popular) clothing (retro and wedding dresses do very well) and the list goes on and on.

One example that literally STUNNED me when I started in internet marketing was to learn that one internet marketer (affiliate) made $2.7 million dollars (that’s right, I said million dollars) selling…

You are not going to believe this…

Custom made grills for hip-hop rappers teeth. (‘Grills’ are the bejeweled and gold caps rappers place over their teeth.)

Now keep in mind that affiliate did not make the product. He simply went to one of the product websites, decided this was something he could market well and made a 50% commission deal with the manufacturer. You see, he got in when it was hot and dropped it when it was not. That is a lot of money over a very short period of time and as they say on TV ‘These results are not typical, your results may vary’ but the point is it Can be done. So give lot of thought to what you want your niche to be.

One last word on niches. Chose something that people want but something not over promoted, like our friend with the ‘grills’ did. For example: if you set up a ‘How to make money online’ web or blog site you’re going to have a LOT of competition and that’s not good when you’re starting out (once you become experienced that no longer applies but that’s a long way off.) Set up something that’s popular but not overly used.

Once you decide on a niche and title for your business test it on google to see what your competition is. Here’s how you do that.

If you decide to call your online business something like foreign coin collectables, go to GOOGLE and type foreign coin collectables into the box but PUT IT IN QUOTES like this

“foreign coin collectables” then click. Right below the box you’ll see that your competition is 150,000 which isn’t bad. But if you typed in “rare foreign coin collectables” your competition would be 475,000, which is considerably more. So check these things out first.

The next thing you’ll need to do is create a business email address, but MAKE SURE IT IS EASILY ACCESSABLE. For example if your main email address is yourname@yahoo.com then create an email that uses the same browser. For example bobsbusiness@yahoo.com  If your main email address is using @yahoo.com suffix don’t use a different email address suffix like @gmail.com or @outlook.com for your business. Keep them the same because you can miss a lot of sales and opportunities if you don’t keep you business email near the personal email you check every day.

Here’s another reason why that’s important. As I show you how to set up and run your ebusiness you’re going to need to link with other businesses who can take you to the next step businesswise (For example: I know nothing about collectable coins but there are several sites that can bring you up to speed in a very short period of time but will require your email address) Think of it as your business card. And don’t be overly concerned about hackers and spammers. You’re about as likely to get hacked or spammed as you are likely to be robbed in a brick and mortar store. Any decent anti-virus software should protect you and if you don’t presently have one you can download the Avast anti-virus for free. Here’s the link http://download.cnet.com/Avast-Free-Antivirus/3000-2239_4-10019223.html

Another reason you’re going to need a business email address is because the businesses that have products to promote need to make sure you’re not a spambot So in order to join they will require an email address to which they will email you confirmation and a link to click to prove you’re not a computer program.

If you don’t know how to set up an email address go to whatever browser you presently use type in www.ehow.com click then type How do I create a new (yahoo,or msn, or gmail, whichever one you presently use) email account. and they’ll show you.

As mentioned earlier, it is totally possible to create an online business and make a profit for no investment whatsoever, and there is a seven page tutorial that walks you step by step through the process. It’s quite simple, has been around for several years and is what most people refer to as the starting point for their online business.

I’ll give you the link tomorrow.

But that’s all for today. So put some thought into what your niche might be (you don’t have to decide right away but the quicker you start the quicker you can make money) and more importantly, set up your business email address. Tomorrow I’ll introduce you to the sites that you’ll be using and the products they offer.

See you then.

Thinking of starting an online business? Don’t waste time trying to figure out what you need to do to make it a success. Go to this link and learn EXACTLY How to Create a profitable website business http://videotour.sitesell.com/publishing101.html

 

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