A three-step guide to start an internet business for dummies and thereof make profits – sounds like following three steps and becoming a millionaire, but it is not at all a cakewalk. The adherent constraints and the disappointments force many people to give up. The study of other’s failures often leads us to the right path, as we won’t be repeating their mistakes.
For starting an internet business and turning it into a success, my suggestions are straight and simple. You have to get hold of the traffic, convert it into sales and then make more sales and thus bigger profits. Keep in mind the constraints of an internet business and aim at resolving and rising above them.
Trust me, you will surely have the ball rolling.
Let’s discuss the three golden rules to start an internet business for dummies and make millions.
1. Getting The Traffic
We are often intrigued about other people’s strategies of attracting customers online, and frankly speaking, we seek to know their tricks. In my quest to know this, I figured out some important techniques that can divert customer attention to your business.
Pay Per Click
Under this technique of generating traffic for internet business, you need to buy traffic. For this purpose, my recommendation goes with Google Adwords as it is the fastest of all. The trick here is to get your approach correct and you get customers swarming as bees towards you business. The cost here is lower than the revenue generated, but if you go wrong, you end up losing money. So be watchful and understand the approach well before jumping in.
Search Engine Optimization
Search engines happen to provide a very steady stream of traffic for free (sounds so good). But to capitalize on this approach, you need to leverage your content well. Once this is put straight, the traffic starts to flow may be not as immediately but it will surely happen. Google is amongst the major components here as it diverts thousands of leads to popular websites.
A very promising but underutilized source to attract traffic is affiliate marketing. In this approach, relations are very important. You reward the affiliates well and it will be raining traffic. The best part about this approach is that here the conversions of leads into sales is very high (as leads are good quality) and the cost comes along only when you are making money. So a win- win situation for all.
These are some important traffic methods, which if undertaken properly, can be a big step towards starting an internet business and making money thereof.
2. Make a Sale
Just the flowing in of traffic is not sufficient – the next important condition to meet after start an internet business for dummies is to make it profitable (the conversion rate – the number of leads you actually converted in figure sales).
Now the question arises is how to convert the traffic you managed to divert in your direction, into sales. One effective method to do the same is by giving a front-end offer to make that first sale, this is very important. A front-end offer can also be made on physical products (example through night TV infomercials).
Remember though a front end product is always a loss making one. It is advisable because the aim of a front-end offer is not to earn profit through sales but to build a client base. This approach if undertaken in the right manner can lead to a long-term buyer-seller relationship, ultimately benefiting the company in terms of increased revenues. Thus, the first sale through a front-end offer opens the door to immense future opportunities.
3. Bigger Margins and Selling More
In this third golden rule to start an internet business for dummies and making it profitable too, the concept is quite basic. It states that it is always more fruitful and easier to convince the interested segment of people (ones who are buying or have bought from you).
This approach, after the first two approaches, have created a buying condition, provides for the backend services or products for instance conferences, seminars, consulting, continuity products etc, just anything you can think of, which in your knowledge would be valued by your customers, this in turn would generate profits for you.
Sounds quite simple but not all your customers will be interested in your back end offers. The small segment can escalate your profits to great levels.
So here, we come to the end of the three golden rules to start an internet business for dummies, but this is not the end of discussion. I would also like to discuss with you certain factors, which act as deterrents to a profitable internet business.
1. There are certain ideas and products, which never reach the stage of implementation, thus there is lack of a fully-developed product to sell.
2. Unregulatory launch process for new products (sales page, shopping cart, autoresponders and stuff)
3. Improper maintenance of current systems
4. Ignoring the need for delegation, thus holding yourself back.
If you work upon these constraints with a detailed plan in action and diligent effort, your internet business can really start up and grow well.
Just identifying a problem is not enough. You need to have solutions in place so that your start up plan works well. I would like to give my opinion on as to how can you can remove the most common constraints to start an internet business for dummies and keep it going too.
The suggestion goes like:
1. Change is inevitable and our business strategy should vary according to changing needs.
2. A step-by-step approach to problem solving is always more fruitful than a random approach.
3. Identify the problem and then ascertain the first step towards solving it.
4. Aquire the requisite resources for problem solving.
5. Plunge into it and take that first step toward problem solving -in short execute.
So to conclude on our topic to start an internet business for dummies,, I would say follow the three golden rules diligently, know the value of your customers, identify the constraints to your business and finally take steps to remove these constraints and you would surely make big bucks.