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Are You Looking to Make Money Online?
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If You Enjoyed This Post...
Then you may like some of our other posts too, including: How to make money online Make Money Blogging at Home - How to Do it Legit and where to find your niche The 6 Step Formula Made Simple for making money online.
How to be an Affiliate Marketer & Earn Money with the 'Amazon Method'...And much more ...We have loads of online marketing and blogging resources, just click Here To See More! Thanks For Reading! XxX ~Rachael P.S. If you enjoyed this post, then feel free to share on your favourite social media! The Growth Builder.
Are You Building Online Businesses?
This is an article that will be featured as part of our daily blog roundup, so it can be seen by all our readers and shared across social media. If you want to make money online (whether you're an expert or new to business creation), then read through the following 7 steps I've outlined below:
1. Identify What You Want To Sell
The first and most important step to building an online business is to identify what you will be selling. There are all sorts of different ways a website can make money – by selling physical products, digital products, services and information.
2. Research Your Niche
Once you've identified the product, it's essential that you research the industry surrounding it; this will help you know what your competition will be like. You'll also have a better idea of how much to charge for your product or service. Even if your business isn't directly related to other businesses in the niche, they may still be able to help with certain aspects of running an online business (e.g. providing an email list).
3. Find The Right Niche Market
There are, of course, hundreds of niches that you can choose from, but the best way to find a niche is to narrow it down into smaller niches until you're left with only one or two possibilities. You can then research these more to see if they're right for your business.
4. Build A Community Around Your Site
You need people to buy your product or service; however, if you don't allow them to leave reviews and create an account on your site (only allowing new members after an initial signup), then they won't form a community around your product. However, if you do allow a community to form, then you'll have more people to market your site and product to.
5. Create Your Product And Website
First of all, decide how much your product or service will cost and work out the smallest amount of money that you can charge for it while still making enough profit. This may take some trial and error as well as some research into your niche market, but once you've figured this out, create a website that sells the product or service (ideally with shopping cart facilities).
6. Research Your Niche
Once you've sold your product or service, it's important to research your niche market to see whether or not they'll buy your product or service. You can use tools like Google Keyword Planner to get a rough idea of how much traffic you'll get if you describe what you sell as well as the keywords that people will search for.
7. Market Your Site With Paid Advertising (e.g. Adwords)
The next step is to start marketing your website by using paid advertising (such as AdWords). This will make more money from your site; however, don't get too carried away with it and forget about building a community around your business. In fact, you should even stop paid advertising as soon as possible if you can't afford to spend any more money on advertising (and you're still getting enough traffic).
I hope this article helps some people in the process of starting their own online business! If you enjoyed this article, then feel free to share it with your friends! Thanks for Reading! xxx ~Rachael P.S. If you enjoyed this post, then feel free to share on your favourite social media! The Growth Builder.
As a part-time blogger and digital marketer, I have been trying to make money online for the last 8 years. So far, I have created 16 websites and have earned over $100,000 selling various services. My mission is to help people create successful online businesses that they can be proud of and that allow them to spend more time with their families.
Conclusion
If you are looking to learn how to start an online business, then please take a look at our free ebook and video below. We will show you how to get started with building your very own niche website:
How To Start A Niche Website That Makes Money In Under 1 Hour - My Step-By-Step Formula!
The Best Online Business Guide & Training Videos For Beginners...We do all the hard work for you so that you can create your first website in no time at all.