The 10 Keys of Success for Online Business by Sandi Hunter
Post on 22-Jan-2015
DESCRIPTIONThe authority on Internet marketing, Sandi Hunter, of Worldprofit.com.
- 1. 10 Keys to Making Money Online by Dr. Lant
2. Table of Contents1. Want to make money online? Heres 10 Proven Ways! 3. 10 Keys to Making Money Online by Dr. LantWant to make money online? Heres 10 Proven Ways!In tough and uncertain economic times, people are taking charge of their economic future andturning to the Internet to earn money. The Internet is filled with legitimate ways to earn from homeif you know what to look for. This article provides realistic advise on how to earn from reputableonline sources and run your own profitable home-based business successfully.Lets get started. Heres what you need to know to make money online consistently and legitimately.1. Do set yourself up with an online place of business - get a domain address. For $10 or so per year,its worth it to book your own domain name. It makes you look more reputable, permanent and moreaccountable. Separate yourself from the sketchy programs out there by having your own domainname. Your website with a domain name is your place where you do your business and the locationfor all your programs, products, services or resume. If you have other websites from various affiliateprograms you are involved, thats fine, you can add the links to those programs on your domainbased website.2. Do book a website hosting account with a reliable hosting company. It doesnt matter if you useWordPress to create your site, or a Content Management System provided by your host, but DO getan account that gives you 100% control over your site to add content, pages, widgets, images, video,search engine optimization, stats tracking, sub-domains etc. The days of a 3 or 4 page bland staticwebsite are long gone. Today, website owners can (and should) add tools, gadgets, blogs and otherresources on their site to make it more customer friendly, search engine friendly, and social mediafriendly. Effective sites engage the visitor with live chat options, video, member areas, commentingand more. If your hosting provider doesnt include site analysis and traffic tools, Google offers a freeprogram that is very helpful for tracking important data related to your site traffic. Its called GoogleAnalytics. Website hosting will be in range of $10 - $50 per month.Now lets look at proven successful revenue sources.3. When it comes to earning from online sources here are some proven successful ways to makingmoney online:a) Affiliate Marketing: Affiliate marketing means that you sign up with a company as an Affiliate,refer business to those companies and you collect a commission for sales. You will be amazed at thegrowing number of large brick and mortar companies that offer affiliate programs. Youve likelyheard of Amazon but what about the Affiliate programs offered by WalMart, Pay-Less Shoes,Orbitz, Old Navy, G.I. Joes, ABT Electronics and American Express to name just a few. How eachcompany pays commission and how much varies but with a high traffic website and precisionmarketing you can generate tidy income from affiliate marketing sources. Dont be afraid to lookoutside of recognizable retailers for good Affiliate Marketing ideas. ClickBank.com for example,allows you to promote thousands of digital products. Vendors post their digital product toClickBank, you promote it, when a sale is made you collect a commission. ClickBank handlespayments and refunds so your only job is to pick the products you want to sell, promote, and collectcommission. Pick a number of solid reputable affiliate marketing programs, but only a few so youcan focus on those and only those to see success. I have to include a shameless plug here for my owncompany, Worldprofit.com. Worldprofit includes in our Earn-At-Home Program a number ofAffiliate Marketing products, reseller opportunities as well as a comprehensive sales and marketingtraining program. As the economy has fumbled, affiliate marketing and work at home programssuch as what we offer at Worldprofit have exploded.b) Blogging: Dont stop at Affiliate Marketing, money can be made from popular blogging sites byadding in advertising revenue from sources like Google Ad Sense, this is called Monetizing. Foodhttp://www.HomeBizStars.comCopyright David Chaves - 2012 3 of 6 4. 10 Keys to Making Money Online by Dr. Lantbloggers, celebrity gossip bloggers, expert columnists and many more are generating sweetadvertising revenue by including ads on their high traffic blogs. The ads are generated from anAdvertising program such as that offered by Google and many others. They key to this revenuesource is high and ongoing traffic. You will also need really unique frequently posted niche contentto generate a following and get steady traffic.c) Sale of Products: Of course you have seller options such as E-Bay for selling products either newor used. E-Bay is not a new idea for making money online but it is a source that many people havebeen relying on for years. Wholesale items, overstock products, collectors novelties, bankruptcy saleitems, fire sale items, garage sale items - even houses - are just a few examples of what people areselling on E-Bay. Those who are reliable sellers earn status as trusted sellers and can earn significantmoney selling products.d) Site Flipping: Flippa is a website that through an auction process, allows you to buy or sellcomplete niche websites, many with an existing customer base and verifiable traffic. If you areclever and have built up a successful online property you an sell it on Flippa. Its a similar concept asbuying a home, fixing it up and selling it. In this case though you create a site for a nice market,monetize it, grow traffic, a prospect list and a customer database, then simply sell the site. Forsomeone who doesnt have the interest in creating a site and all the work of building traffic andcustomers, a ready-made website can be purchased. Take a click over to Flippa.com to see new forsale listings, active listings, browse, price range, sold sites and more.e) Freelancing: If you have a specialized skill or knowledge, have a look at freelancing sites such asElance.com. Over 1/2 a million jobs are posted every year on Elance. This is a site where you canpost your unique skills. Both companies and freelancers (called contractors) can post theirjobs/skills. Its unique in that you can access specific jobs including work for programmers, writers,designers, consultants and so forth. There are so many options, take some time to review thesementioned and keep an open-mind about what is available. Other sites offering a similar serviceinclude FreeLancer.com and Freelancejobs.org By posting your profile to these sites and taking oncontact work you can earn considerable income.f) YouTube.com Not everyone is destined for instant success like Justin Beiber after simply postinga video to YouTube. There IS money to be made with YouTube, that fact is a certainty. YouTubespartner program allows you to post videos and earn revenue as your audience grows. Remember thescared baby video? What about the talking dog videos? Those videos and lots more are generating asteady source of income for someone due to the popularity of those videos. Initially the income canbe very small, but if your video becomes hugely popular your commission checks will grow at thesame time. Get good at it, get a following and then release videos to keep that source of incomegrowing. Visit YouTubes Partner section of their website to read success stories and how theprogram works.g) Multiple Streams of Income. Herea final thought on earning from online sources. Multiplestreams of income is the key to consistent revenue, pick a few programs or options and focus onthose to EARN something before you move on to the next. Make sure you are not spread to thin andcan devote adequate time to building those sources of revenue. You need to have the time,commitment and an advertising budget to promote on a consistent basis.4. Realize you must work your business every day to expect to see results. Dont expect overnightsuccess, or even success after a few weeks. If you are in this for a hobby fine, but if you want tobuild an online business with a steady source of full time income realize that it will take time. Its aslow build and a lot of work.5. Understand that CONSISTENT marketing and promotion is critical to your success. Ever noticethat Coke is always advertising? Coke is continually in your face reminding you they are there.http://www.HomeBizStars.comCopyright David Chaves - 20124 of 6 5. 10 Keys to Making Money Online by Dr. Lantthat Coke is always advertising? Coke is continually in your face reminding you they are there.They sponsor events, they run TV ads, Super Bowl commercials and taste-test booths. The reason issimple. Every business, big and small must constantly promote their product or service. Your onlinebusiness is no different. Promotion is a daily task. How much you earn is directly related to howmuch time and effort you invest in marketing your product. Learn about the power of social mediaincluding FaceBook, Twitter, LinkedIn, Digg, YouTube, and so many more. If you dont have a blogget one, and post unique content daily with rich key words related to your products/services/businessand include integrated links to social media for maximum exposure.6. Factor in that you will have to allocate and spend some of your hard earned money on advertising.Any successful business requires that you put money back into it. If you think you will build yourearnings relying exclusively on free methods of advertising you will be disappointed. Yes, you canpromote your business using free sites, and free services, but accompany that with actual paid ads atreputable sites. Dont limit yourself to the major search engines like Google and their Ad Wordsprogram. Also consider Safelist Advertising and Traffic Exchanges. Safelist advertising oncespurned as the poor mans advertising vehicle has gained popularity and is free to get started withvery low cost advertising options. Traffic exchanges work in a similar way and are worthconsideration. For best results in either Safelists or Traffic Exchanges be prepared to pay for ads tosee the best results. If you are on a tight budget combine both free and paid methods of advertising,and make sure you have an Ad Tracker software program so you know which ads are generatingclicks and from which source.7. Set goals. Are you going to make $100 today? $500 this week? How much? Once you have setyour goals, set your plans for how you will accomplish this. What are the daily, weekly, monthlytasks you will do to make your financial goals a reality? Dont allow your self to get distracted orpulled down with tasks that dont get you closer to where you want to be. If your day ends with nocommission report or sales report that says you earned SOMETHING today, rethink your plan fortomorrow. Get up early and get busy.8. Have a positive attitude, I cant stress this enough. Put a smile on your face, believe, then do. Inmy work as a trainer and consultant, I talk to people everyday who have had mixed success inbuilding an online business. The people I have watched grow and build their own successfulbusiness are those who think positive and take action. Dont be brought down by negative people,the know it alls, the ones that rain on your parade. Be mindful that while they are talking you down,you are doing something to improve your financial situation. Let that negativity slide off your backand propel you forward to work harder, and smarter.9. Accept that you will have failure. Get over it. Learn from your mistakes. Move on. If it was easyto build a successful online business everyone would be making millions.10. Find a mentor or training program that fits for you. The web is filled with software, e-books,training programs, webinars and more. You have all of this information at your fingertips. Find thebest sources and get started. Dont make the mistake of learning, study, analyzing but never actuallyDOING anything. You wont find success thinking about it, success is the results of DOINGsomething to make it happen.**** What are your thoughts on online money making programs? Submit your comments below.http://www.HomeBizStars.com Copyright David Chaves - 2012 5 of 6 6. 10 Keys to Making Money Online by Dr. LantResourceAbout the Author Sandi Hunter is the Director of Website Development at Worldprofit. Worldprofitprovides training, support, software, hosting, blog content, traffic, and site design for small andhome based business. Now in its 18 year, Worldprofits Home Business Bootcamp has earned statusas the #1 Earn-At-Home Training program.Republished with authors permission by David Chaves http://HomeBizStars.com.http://www.HomeBizStars.com Copyright David Chaves - 2012 6 of 6