When starting an internet online business it seems there is just so much information to digest. For most people this becomes overwhelming and causes them to believe they will never be able to get started in the online business.
The “experts” do not help. It seems that once you start looking at internet businesses your email inbox is filled to bursting point everyday. Usually these emails are offering a “one time only” special secret which will make you a fortune.
This makes it very difficult to remain focused on what you want to achieve. Because you are constantly distracted by the latest “unique previously unreleased” method of making your fortune with an online business. So let us look at some structured methods you need to apply before you get going.
First and probably most obvious is what product you will sell. This is normally referred to as your Niche. You need to spend some time on this and you need to understand your product inside out. If you don’t really believe in your product you will not convince anyone to buy it.
Will you sell digital products (reports, books, training videos etc.) or will you sell store type products (this can include anything you like) Will you hold inventory (stock) or will you use a dropship supplier. Dropshipping is where the supplier sends the product directly to your client on your behalf. This means you do not require holding any inventory.
Or you could choose to become an affiliate. An affiliate simply put, is a salesperson who sells products for other companies. Once a sale is completed the affiliate gets a commission. The commission can be substantial 50-70% is common.
If you are just starting out the affiliate route is probably the easiest. Being an affiliate means you do not even need a website and can get started straight away. It is a good way to get the money coming in whilst you develop your long term business strategy. You just simply send clients directly to the landing page of your affiliate company and once they buy you get paid.
To make money long term and to build a business with some value, you will need to eventually have your own website. You want to capture the details of your clients. You can use this information in the future to promote other products and make extra sales.
This information should be enough to get you thinking in the right direction. In my next article I will cover: GETTING TRAFFIC, GETTING SALES, OUTSOURCING, RUNNING YOUR BUSINESS DAY TO DAY.