Eit
« Home | Take a Criminal Justice Degree Online and Become a... » | The US Bank Bailout Plan is Full of Dangers » | 10 Totally Dumb Business Ideas That Made Someone Rich » | How To Shoot Good Digital Video With Your Camcorder » | Getting a Good Acoustic Response by Treating Your ... » | EVE Online Macros - The Bane Of Good Play » | Fat Pills At Work » | Futures Exchanges - Knowing Where To Do Business » | Online Video Conferencing » | Corporate Social Responsibility »
Tuesday, December 30, 2008
Five Initial Steps to Money Making Online
Money making online is rapidly becoming the most popular way of earning a living. Statistics show that a home business is that part of the American economy that is growing fastest, and since the U.S. tends to set global trends in business, it is natural to assume that this trend will be followed world-wide.
In fact, this is case now in the computer-literate world and it has been estimated that within the next decade up to three-quarters of the world's working population will be working from home.
The major problem with money making online is where to start. Without the right advice over 95% of those who start will fail within a year. There are many reasons for this. The main causes are, a failure to focus, a lack of clear goals and falling into the trap of regarding a home business as a pastime rather than an occupation.
Here are five initial steps towards making money online that, if followed, should help you to avoid these pitfalls that hold up the progress of the vast majority:
1. Assess Your Own Abilities
The most successful online entrepreneurs not only do what they enjoy doing, but take advantage of their strengths while working on their weaknesses. Your first step, then, is to evaluate your skills and make a note of what YOU like doing. Are you a good writer, are you a good artist or graphic designer, or can you sell snow to Eskimos?
Everybody has at least one thing that they either enjoy doing or are good at. Whatever it is, it will sell online. Every product and every skill that is used offline is also being used by somebody online to make money. So:
- Write down a list of your skills, knowledge and what you like doing.
- Decide on a product or service.
- Make up your mind how to create your product, and ortho evra birth control you have the skills to do it yourself, or pay somebody to do it for you.
- Set goals - a date for the launch of your business and how much money you want to make.
- Focus on your goals and work as hard and long as is necessary to attain them.
- Regard your home business as an occupation and not a pastime.
2. Carry Out Market Research
You have to find out
a) if there is a market for what you have to offer, and
b) who your customers and your competitors are.
You must decide:
- What products or services will you be offering?
- To whom will you be offering them?
- How are you going to offer them? What marketing methods will you use?
- What is the competition? Is there a market or is the competition too strong?
- What is your Unique Selling Proposal (USP)? What makes you stand out from your competition?
3. Who Are Your Competitors?
- Who is competing against you?
- What are their weaknesses, and how can you take advantage of them.
- What can you provide your customers that they cannot?
4. Website Design is Critical
Successful money making online invariably involves having a website. Sure, you can do it without one, but it is unlikely you will be successful. Website design is not difficult, and there is plenty help around.
Free websites are available, but there are web hosts that can offer a full service with most of the business and design tools you need for under $25 monthly. Here are the major points to consider:
- Search engine optimization is important if you are to be listed online.
- Learn about SEO, and apply it effectively to your website design - or pay a specialist to do it for you.
- People use the internet to get information, so provide information on your niche. If you offer good, useful information, they will buy from you.
- Check out your competitors' source code and look for weaknesses in their SEO coding that allow you to beat them in the listings.
5. Advertise
- Get free search engine listings with good SEO as described above.
- Build up large email lists by offering free gifts on your website in exchange for mailing addresses. That way, you can then keep in contact with your website visitors. Market research shows that it can take up to 7 or 8 views of your product before people make a purchase.
- Advertise offline as well as online. If your product is sports-related, put a poster up in your local sports club, health club or gym. Use local press and radio.
These are the basic five steps to making money online. It is easy to make some money, but it is not as easy to make a living. In order to make maximum use of these steps you must set yourself targets and goals and focus on them. That is the number one reason why most people fail in their initial attempts at money making online.
Janice Sharman enjoys helping people who want to work at home start and build their own home business. Subscribe to her newsletter to start receiving information on how you can start money making online. www.profits4sure.com/phb.htmlhttp://www.profits4sure.com/phb.html
Posted by jodzrijt | 7:07 AM | E-mail this post 
Add a comment
Jun 17, 2008 Jun 18, 2008 Jun 19, 2008 Jun 20, 2008 Jun 21, 2008 Jun 22, 2008 Jun 23, 2008 Jun 24, 2008 Jun 25, 2008 Jun 26, 2008 Jun 27, 2008 Jun 28, 2008 Jun 29, 2008 Jun 30, 2008 Jul 1, 2008 Jul 2, 2008 Jul 3, 2008 Jul 4, 2008 Jul 5, 2008 Jul 6, 2008 Jul 7, 2008 Jul 8, 2008 Jul 9, 2008 Jul 10, 2008 Jul 11, 2008 Jul 12, 2008 Jul 13, 2008 Jul 14, 2008 Jul 15, 2008 Jul 17, 2008 Jul 18, 2008 Jul 19, 2008 Jul 20, 2008 Jul 21, 2008 Jul 22, 2008 Jul 23, 2008 Jul 24, 2008 Jul 25, 2008 Jul 26, 2008 Aug 4, 2008 Aug 7, 2008 Aug 8, 2008 Aug 10, 2008 Aug 11, 2008 Aug 12, 2008 Aug 13, 2008 Aug 14, 2008 Aug 16, 2008 Aug 17, 2008 Aug 18, 2008 Aug 19, 2008 Aug 20, 2008 Aug 21, 2008 Aug 22, 2008 Aug 23, 2008 Aug 24, 2008 Aug 25, 2008 Aug 26, 2008 Aug 27, 2008 Aug 28, 2008 Aug 29, 2008 Aug 30, 2008 Aug 31, 2008 Sep 1, 2008 Sep 2, 2008 Sep 3, 2008 Sep 4, 2008 Sep 5, 2008 Sep 6, 2008 Sep 7, 2008 Sep 8, 2008 Sep 9, 2008 Sep 10, 2008 Sep 11, 2008 Sep 12, 2008 Sep 14, 2008 Sep 16, 2008 Sep 18, 2008 Sep 19, 2008 Sep 20, 2008 Sep 30, 2008 Oct 1, 2008 Oct 2, 2008 Oct 3, 2008 Oct 4, 2008 Oct 5, 2008 Oct 6, 2008 Oct 7, 2008 Oct 8, 2008 Oct 10, 2008 Oct 11, 2008 Oct 12, 2008 Oct 13, 2008 Oct 14, 2008 Oct 15, 2008 Oct 16, 2008 Oct 17, 2008 Oct 18, 2008 Oct 19, 2008 Oct 20, 2008 Oct 21, 2008 Oct 22, 2008 Oct 23, 2008 Oct 24, 2008 Oct 25, 2008 Oct 26, 2008 Oct 27, 2008 Oct 28, 2008 Oct 29, 2008 Oct 30, 2008 Oct 31, 2008 Nov 1, 2008 Nov 2, 2008 Nov 3, 2008 Nov 4, 2008 Nov 5, 2008 Nov 7, 2008 Nov 8, 2008 Nov 9, 2008 Nov 10, 2008 Nov 11, 2008 Nov 12, 2008 Nov 13, 2008 Nov 14, 2008 Nov 15, 2008 Nov 16, 2008 Nov 17, 2008 Nov 18, 2008 Nov 19, 2008 Nov 24, 2008 Nov 25, 2008 Nov 26, 2008 Nov 28, 2008 Nov 29, 2008 Dec 1, 2008 Dec 2, 2008 Dec 4, 2008 Dec 5, 2008 Dec 6, 2008 Dec 7, 2008 Dec 8, 2008 Dec 9, 2008 Dec 10, 2008 Dec 11, 2008 Dec 12, 2008 Dec 13, 2008 Dec 14, 2008 Dec 15, 2008 Dec 16, 2008 Dec 17, 2008 Dec 18, 2008 Dec 19, 2008 Dec 20, 2008 Dec 21, 2008 Dec 22, 2008 Dec 23, 2008 Dec 26, 2008 Dec 27, 2008 Dec 28, 2008 Dec 30, 2008 Dec 31, 2008 Jan 1, 2009 Jan 2, 2009 Jan 3, 2009 Jan 4, 2009 Jan 5, 2009 Jan 6, 2009 Jan 7, 2009 Jan 8, 2009 Jan 9, 2009 Jan 12, 2009 Jan 13, 2009 Jan 14, 2009 Jan 15, 2009 Jan 16, 2009 Jan 17, 2009 Jan 18, 2009 Jan 19, 2009 Jan 20, 2009 Jan 21, 2009 Jan 22, 2009 Jan 23, 2009 Jan 24, 2009 Jan 25, 2009 Jan 26, 2009 Jan 27, 2009 Jan 28, 2009 Jan 29, 2009 Jan 30, 2009 Feb 22, 2009 Feb 23, 2009 Feb 24, 2009 Feb 25, 2009 Feb 26, 2009 Feb 27, 2009 Feb 28, 2009 Mar 1, 2009 Mar 2, 2009 Mar 3, 2009 Mar 4, 2009 Mar 5, 2009 Mar 6, 2009 Mar 7, 2009 Mar 9, 2009 Mar 10, 2009 Mar 11, 2009 Mar 12, 2009 Mar 13, 2009 Mar 14, 2009 Mar 15, 2009 Mar 16, 2009 Mar 17, 2009 Mar 18, 2009 Mar 19, 2009 Mar 20, 2009 Mar 21, 2009 Mar 22, 2009 Mar 23, 2009 Mar 30, 2009 Mar 31, 2009 Apr 1, 2009 Apr 2, 2009 Apr 3, 2009 Apr 4, 2009 Apr 6, 2009 Apr 7, 2009 Apr 8, 2009 Apr 10, 2009 Apr 11, 2009 Apr 12, 2009 Apr 13, 2009 Apr 14, 2009 Apr 15, 2009 Apr 16, 2009 Apr 17, 2009 Apr 18, 2009 Apr 20, 2009 Apr 23, 2009 Apr 24, 2009 Apr 25, 2009 Apr 26, 2009 Apr 27, 2009 Apr 28, 2009 Apr 29, 2009 Apr 30, 2009 May 1, 2009 May 2, 2009 May 3, 2009 May 4, 2009