Make Big Money Online Top

Tune in to Women in Business Radio 1/17

January 16, 2011

Hey everybody, just a quick note to let you know that I’m being interviewed on Women in Business Radio tomorrow. Tune in and follow by Twitter to ask questions. Then stop back by here and leave comments with your thoughts— and accolades ūüôā

Starting a website? Things to consider.

October 7, 2010

Many readers of Can I Make Big Money Online have the technical chops to create their own website. But what if you don’t? What if you have to hire, gulp, a web designer? Here are a few things you’ll want to consider. You’ll need to make some choices about your domain, hosting and hiring a website designer.

When you’re choosing a domain, there are a few directions you can go. You can choose a domain to brand your business, to appeal to the search engines or sometimes you can combine the two. George wrote a pretty extensive article on choosing a domain some time ago, and there’s not much I can add to what he already said.

However, here’s one thing that wasn’t included in his original article. When choosing an extension, opt for a top level domain versus a .info domain name, if it is available. While most people search for domain names typing in a .com extension, you can also be quite successful with a .net or a .org extension. It’s not uncommon for website owners to buy several versions of their domain name with different extensions. If multiple extensions are available, consider buying them to keep competitors from buying them later and benefiting from your success.

No matter what domain you choose, always have it hosted by your own hosting server. This bears repeating. Use your own hosting. Preferably paid hosting, not on a friend’s server in his Mom’s basement. You think you’re saving money by going this route, but in the long run the potential headaches are not worth the less than $100 per year you’re going to save.

Some people try another “cheap” route for hosting. “Free” website builders that offer free hosting. Usually this means you will not have your own domain name. For example, if you were with Freewebs.com, it would be freewebs.com/andyourname here. This domain name does not look professional and it is too hard for your potential customers to remember (plus you’re advertising someone else’s company every time you advertise your website). If you’re looking to save money, take advantage of the free domain name registration that some web hosting packages offer.

If you’re looking for great, reliable hosting at a reasonable rate, we always recommend Hostgator. Yes, that’s an affiliate link. Throughout the years, we’ve had our sites hosted through several different companies. Hostgator is far and away our favorite.

One more note about domains— make sure your domain is registered in YOUR name, not in your website designer’s name, not in your hosting company’s name. Even if your hosting company offers to register your domain for you, make sure that you will be listed as the technical contact. You may want to register it yourself if you have any doubts about how the registration will be handled, even if it means passing up on a “free” offer. If you ever want to change hosts or designers, you’ll be glad you spent the ten minutes and $20, vs. the hassle and potential expense of trying to reclaim a domain if it wasn’t registered in your name.

Finally, if you’re not comfortable designing the site yourself, you’ll need to find a website designer. Of course, we’re partial to MantyWeb Designs, but no matter who you choose, make sure that you ask to see some examples of the designer’s work. You may want to even find some websites you like and see who the designer of that site is.

Talk to the company before hiring someone. In fact, talk to them a couple of times. Make sure they explain things in a way you understand, that you feel comfortable talking to them and that they return messages in a timely manner. If you have an idea of the technical requirements of your website (like you know you want a blog), make sure that the company has experience with that type of site. Different designers have different areas of expertise. Just because a company makes really pretty sites doesn’t mean you want them designing your ecommerce site.

While you may be tempted to immediately go with the cheapest designer, don’t. Make sure to choose someone who can complete the project in a timely manner and who will not disappear before the project is complete. This happens ALL the time! Having to start over with a new designer just wastes your time and money.

So, those are the basics. Choose a good domain, pick hosting that fits your website’s needs and find a website designer you enjoy working with. Now, I’d like to hear from you below. Have you gone through the web design process? How was your experience? Any additional tips?

What Is Affiliate Marketing – Introduction To Affiliate Marketing

July 6, 2009

One of the two main ways I make money online is through affiliate marketing (the other is through Internet marketing consulting).

For those of you who are new to affiliate marketing, I thought I should give you an introduction to the basics of affiliate marketing…

“What is affiliate marketing?”

Affiliate marketing is a method for people who sell things online to share their revenue with people who are willing to promote their products for sale. Affiliates (those willing to promote other businesses products on their website) are paid based on performance measures, typically in the form of sales, clicks, registrations, or a combination of methods.

Affiliate marketing is a great way to make money online. In the future I intend to talk about some of the proven affiliate marketing systems that I have successfully used to make money. For starters, here’s a list of the most common used affiliate marketing methods…


What are the most common affiliate program models?

Based on a survey in 2007 by AffStat 80% of affiliate programs today use revenue sharing or cost per sale (CPS) as compensation method, 19% use cost per action (CPA) and the remaining 1% use other methods, such as cost per click (CPC) (ie. Google Adsense). I will discuss each of these methods in more details in future posts.

The main thing to remember is that affiliate marketing allows you to make money online by sending people to visit other people’s websites and buy their products/services. This means you don’t need to deal with customers, you don’t need to create products, you don’t need to store inventory, and you don’t need to ship products. All you do is refer people to the affiliate site in a buying frame of mind and the affiliate site does the rest of the work. This makes affiliate marketing a very easy business to start. No inventory, no product, no customer service, no problem!

Make Money Money Online With No Investment – No Product – No Expertise?

January 28, 2009

A friend of my wife asked me the other day:


The question I have—and this probably won’t be in an organized form—is:

Do you have any tips, advice, suggestions, recommendations, etc. for someone in this scenario?

An at-home mom who did not have a professional job before having and staying home with her kids. The economy is tanking, and maybe her husband has been laid off or had his hours cut back a little or a lot. She really doesn’t want to dump her kids in daycare to go get a job because any job she could get would just about cover the daycare and other job-related expenses. She’d love to work from home, but doesn’t have any ‘expert’ knowledge about anything that she could turn into a marketable enterprise; she doesn’t have the know-how to teach people to make money, so making money by helping others try to make money isn’t an option. She makes no products, therefore has nothing tangible to sell. She doesn’t have the money to invest in the hundreds upon hundreds of ‘I will teach you how to make money’ programs out there.

Is there anything online that she could do, or in this case would dumping the kids in daycare and hoping for the best be pretty much the only hope?

I get questions similar to this all the time. Before I can answer this question in detail I would need to ask quite a few questions to give the most relevant answer that I can.

The first question I would ask is…

Do you have absolutely no money to invest or do you have say 10 dollars, 20 dollars, 100 dollars, 200 dollars, 500 dollars, 1000 dollars, or more?

The answer to this question will greatly influence what options you have.

The more money you have to the invest, the easier it will be to make money online.

If you have enough money to pay for a domain name (about 10 dollars/yr), then I suggest getting your own domain name. If you have enough to invest in web hosting (about 50-100 dollars/yr), then I suggest you get a web host, if you have enough to get an autoresponder (about $200/yr with Aweber) then I suggest you get an autoresponder or sign up for SiteSell. If you have more money then you can do other things like spend money on an Internet marketing education.

If you have absolutely no money to spend then it’s going to be harder, but still possible.

I have no product to sell, how do I make money online?

Well, there are a ton of ways you can make money online when you don’t have a product including creating a new product. Also, you can do affiliate marketing, get advertisers for your site, sell services, etc. But before we go into the details, let’s explore some of the other questions…

I have no expertise what I can do to make money online?

I seriously doubt that people who are smart enough to ask this question aren’t good enough at something to have some level of expertise in it. While you may not consider yourself an “expert” at anything you probably have more expertise in some things than other things. For instance, if you do the laundry without ruining your clothes you definitely have more of an expertise in washing clothes than I do.

Legendary direct marketer, Dan Kennedy, has a great quote that does a great job of answering this question. Dan says,

“In the land of the blind the one eyed man is king!”

You don’t have to be the best to be an “expert”, you just have to know a little bit more than the people you are teaching. In fact, you only need to know ONE thing about the topic you are teaching that your students don’t know in order to be an expert to your students. Do you know more math than a two year old? You can put up a site that teaches kids artithmetic. Do you know how to wash laundry (the right way), then you can teach me:)

So How Do You Make Money Online With No Money, And No Products To Sell?

For the sake of argument let’s assume that you are working with absolutely no money and no products.

There are still many ways to make money online in your spare time when you have no money to invest. Some of these ways don’t even require you to have a website. Let’s start by talking about the ways to make money online without a website.

How do I make money online when I have no website?

1. Online Tutoring / Coaching
If you have any expertise at all you can set up a tutoring or coaching service. Do you ever help your kids with their homework? If yes, then you can help tutor other kids online.

One easy way to do this is through LivePerson.com. There are many other places looking for tutors (like tutor.com) with expertise . Just do a search on your favorite Search Engine for those types of work at home opportunities. There are a lot of them.

2. Web Writing
If you can write decently (not necessarily like a professional) then you can get work as a freelance web writer. You don’t have to be perfect either. There are a lot of people who will hire you if the price is right. You can get jobs writing for blog posts, web articles, forum posts, comments, ebooks, etc. A good way to find people searching for writing jobs is to sign up on a site like elance.com or guru.com. Another way to find writing opportunities is to use your favorite Search Engine and search the Internet for things like “blog writing jobs”, etc.

If you can write you could also write for sites like Squidoo that will pay you for writing pages on their site. You have to learn how to set up the Squidoo pages, but once you figure that out, it’s pretty easy to create new Lenses. Every month that you make a certain amount of money Squidoo will send you money for a part of the money they made from advertisements on your Lens (Squidoo page). There are other sites that do this as well, like Hubpages.

In order to make decent money from Squidoo you are going to need to write a lot of popular Lenses and you are going to learn how to promote Squidoo Lenses and make the most you can from them. I haven’t reviewed any products on making money with Squidoo so I can’t recommend anything. If making money on Squidoo interests you then you can search for information on it. You can read my personal thoughts on how to make money with Squidoo by clicking here.

3. Selling Photos
If you have a digital camera and you can take half way decent photos then you can just take photos of everything you see and start selling them on a site like istockphoto.com. There are other things you can do with the photos, but those require a website of your own, which we will get to later.

4. Ebay
There are a lot of things you can sell on ebay or other auction sites. You don’t have to sell expensive/unique/insane items to make money on Ebay. You can sell simple items that people buy all the time.

You don’t even have to own anything to sell on ebay. You can simply find companies that are known as dropshippers and sell their stuff on ebay. Drop shipping is a technique where you sell products from one or more suppliers who take care of shipping the products directly to the customer. All you do is take the order and get the money from the customer, then you send the order details and and part of the money that you charge to the supplier. You make profit on the difference between the suppliers price (including shipping) and the price you charge the customer. This is essentially running a wholesale business without the inventory, although you will usually pay somewhere between true wholesale and retail prices for the goods.

When selling products on ebay you obviously need to buy them low and sell them high. One example of something people successfully sell on ebay for a profit is used books. Used books sell pretty well on ebay. What you can do is go to flea markets, garage sales, etc. to find good deals on books and sell them on ebay. To increase your profit margin, you can buy a software that turns your PDA or cellphone into a scanner that you can take with you to scan the books ISBN number and then find it’s price online (see http://www.asellertool.com/home.html) for an example of this type of service).

That way you only buy books at a price that you know are going to make you money.

4. Job Recruiting
Help your friends, family and others find new jobs. There are several sites that help you start a recruiting business of your own without any costs on your part. They pay you to find other people jobs. Essentially they enable you to run a job recruiting business from the comfort of your own home. A few examples of job recruiting sites that you can earn money from are ReferEarns, Bohire and WiseStepp.

5. Connect Business Suppliers With Buyers
Much like recruiting where you connect employers with employees, you can now connect business suppliers with businesses that need their supplies. Several companies that you can do this with are Salesconx, InnerSell and uRefer. This is actually a lot like affiliate marketing.

6. Other Freelancing services
People will pay you to do all kinds of things online. You can moderate forums, write articles (which I mentioned earlier), design websites, be a virtual assistant, etc. There are many ways to make money online even without having a website. Do a search on your favorite Search Engine to find other great freelancing opportunities online.

How Do I Make Money Online With A Website

Making money online with a website is what most people think of when they think of making money online. If you have no money to invest in web hosting you are going to need to find a free website host.

Here are a couple that I recommend you check out for starters:

blogger.com
Blogger is a free blogging site that allows you to create your own blog and unlike many free blogging services you can put ads on your site. Blogger integrates really easily with Adsense ads, because Google owns blogger.com and has made it very easy to make money from Adsense with blogger blogs.

Google Aps – Google Sites
Google Sites lets you create websites that you can add advertising on etc. It is an easy to use system that can give you an online presence for your website.

Weebly

Weebly is a very easy to use free website creator. They also have built-in support for adding Adsense on your Weebly sites. It’s another good option for those who can’t afford to pay for web hosting.

There are other options for free web hosting as well. Check around, just make sure that they can be used for commercial purposes (many of them can’t).

Once you have a website there are a number of ways you can make money from it. Most of these require you to be a decent writer (not great, but decent).

If you can’t write then skip to number 3.

1. Content Site
There are many ways to make money with a content site. You can put affiliate ads on content sites, you can put up ads from Adsense (or similar services like Kontera, Chitika, etc.), you can make money selling advertising on your site, you can market products as an affiliate, and you can even make money on content sites by having private content that only subscribers can read.

If you are trying to make money with a content site, I highly recommend you first read my article on choosing the right niche, then read the free ebook called “The Affiliate Masters Course”. You can use the same techniques outlined in the ebook on your freely hosted site. I use similar techniques to what is outlined in the ebook, the only difference is that I use multiple methods of keyword research (including my favorite keyword tool for Adsense sites Keyword Country).

2. Blogging
Blogging is really just a sub-type of a content site. What you need to do is:

1. Set up a blog on blogger.com.
2. Get links to the blog.
3. Put up advertising.

Probably the easiest way to make money with a blog is to set up a blog that has the sole purpose of reviewing other websites. There are a lot of websites (payperpost.com, reviewme.com, etc.) that will help match you up with people willing to pay you to review their website or product. Some people make pretty decent money this way.


3. Splogging

I hate to mention it, but it is a way you can make money online without any money, any expertise and any products. What you would do is get free content from article directories and repost the articles on your blog. Another way you might get your content is by scraping other people’s websites. There are quite a few ebooks about how to make money splogging, and I would prefer not to spend time on all of these techniques. Just search for things like “make money splogging” “blog and ping” “make money with scraper sites” and you will find plenty of resource to help you out with this.

4. Photo Site
You can set up a site that displays your photos and let people use the photos for free as long as they link to your site. You make money by putting up advertising, Adsense ads, and/or affiliate links on the site.

5. Selling ebooks
You can set up a site to sell ebooks for free, but it’s going to mean you have to be able to write the ebook yourself. If you have a little bit of money to invest you can buy a Private Label Rights ebook to sell. Private label rights (PLR) ebooks are ebooks that you buy the rights to sell as your own. Most PLR ebooks have slightly different terms that spell out what you can and can’t do with the ebook. I prefer to buy Master Resale rights where I can do anything I want with the ebook, including being able to sell other people resale rights on the ebook. If you buy a PLR ebook or product to sell, be sure to know exactly what you can and can’t do with it. Another way easy way to create an ebook is to find an expert in something, interview them by asking commonly asked questions in their field of expertise. Then sell the interview as an ebook or audio or both. You might need to split the profits with the expert or work some other deal with the expert (allow the expert to promote their products or services in the interview, etc.).

Summary

There are actually quite a few other ways to make money online if you don’t have money, products, or expertise. Some of these ways (like selling people’s email addresses, spamming, etc.) are not good ideas in my opinion, so I didn’t cover them here. Some of them like taking paid surveys don’t usually provide enough income to make them worthwhile.

If you do have money to spend then you can spend it on various things to speed up the process. You can buy Private Label Right Products that you can then turn around and sell. You can pay for web hosting, writers, web designers, etc. The more money you have to invest the easier it is to start a successful business. However, as I have already shown it is possible to make money online starting with no money, it’s just NOT as easy.

For further research you might want to read my getting started article called “Ways To Make Money Online”.

Ways to Make Money Online

October 14, 2008

money

There are many ways to make money online. I like to group them into three main categories:

  1. Making money selling your stuff

  2. Making money selling other people’s stuff

  3. Getting paid to do something

Let’s talk a little more about each of these categories…

Way #1 – Making money selling your stuff
When most people think of starting a business they think of selling their own stuff. Here are some of the ways that people sell their own stuff online:

  1. Selling products
    When I started out online my intention was to create educational software and sell it online. Like myself, most people that start a business online start off with the idea of selling a product. Almost every product imaginable can be sold online. Arguably, the easiest to create are information products.

  2. Selling Services/Freelancing
    One of the quickest ways to start making money online is by selling your services. You call sell all kinds of services online. Some of the more common online services being sold are web design, freelance writing, coaching/teaching, virtual assistants, copywriting, traffic generation, and software development.

  3. Domaining
    Domaining is essentially the process of buying and selling domains. While I own quite a few domains, most of them were bought with the purpose of developing them at some point in time. Although, I would be willing to sell some of them. For example, when John Reese bought trafficjam.com I wish he had contacted me about buying one of my domains blogtrafficjam.com, since I am not sure I will develop the idea I had for it when I bought it several years ago.

  4. Website Flipping
    Website flipping is a very tempting business model to me. Flipping websites is a lot like flipping houses. You buy a website with the sole purpose of making it better so that you can turn around sell it. Much like house flipping, you should buy a website with good potential that is not properly monetized and/or not properly designed and marketed. After “rehabbing” the website, you can sell it at a much higher price. This process sounds like fun to me, except that I would have a hard time parting with the site after fixing it. I am more likely to buy a website, fix it up, and keep it for the residual income.

There are other ways to make money selling your own stuff, but the ones listed above are the most common.

Way #2 – Making money selling other people’s stuff

  1. Affiliate Marketing
    Affiliate marketing is one of the best ways to make money online, and I will be discussing it in much more detail in a future series (or a free mini-course). Essentially, affiliate marketing is revenue sharing between online advertisers/merchants and online publishers/salespeople, whereby affiliates(publisher/sales people) are paid based on performance measures, typically in the form of sales, clicks, registrations, or a combination of methods. In layman’s terms, it means you get a percentage of a sale when you sell someone else’s stuff or cause someone to take an action that might sell someone else’s stuff. It is currently my primary method of making money online.

  2. Advertising Income
    Many websites make money by selling advertising space on their site. This is most commonly done on content sites. Advertising income can also be gained through other methods like selling ad space on website templates and selling ad space in newsletters.

  3. Drop Shipping
    Drop shipping is a technique where you sell products from one or more suppliers who take care of shipping the products directly to the customer. All you do is take the order and get the money from the customer, then you send the order details and and part of the money that you charge to the supplier. You make profit on the difference between the suppliers price (including shipping) and the price you charge the customer. This is essentially running a wholesale business without the inventory, although you will usually pay somewhere between true wholesale and retail prices for the goods. I have seen a lot of people run drop shipping businesses on ebay.

  4. Retail commerce
    Retail commerce is where you buy products at wholesale prices from wholesale distributors, carry an inventory and turn around and sell said products. Many of the ecommerce shops you see are doing this. This model is similar to drop shipping. The advantage of this method is that you can make a higher profit margin then with drop shipping, the disadvantage is that you store the inventory and you handle the details of shipping the products.

These are the most common methods for selling other people’s stuff online, although certainly not the only ones.

Way # 3 – Getting Paid To Do Something

  1. Paid to sites (Paid to surf, Paid to take surveys, etc.)
    With “paid to” sites you can make a little extra money online every month. You can’t really use these sites to make a living online (at least not that I’m aware of), so I won’t be devoting more space to them here. If you’re interested in a little extra cash, and this method appeals to you, there is plenty of information available on the internet. And if you ARE making a living from these sites, and you’d be interested in writing a series on the topic, contact me.

As you are considering how YOU want to make big money online, this list should prove a good starting place . In my next post in the getting started series, I will be wrapping up with a list of resources to help you continue your quest to make money online.

Knowledge is Only Half of Making Money Online

July 16, 2008

I’m a big fan of doing my homework, especially when it comes to making money online.

In fact, in the span of time I’ve been working online, I’ve done quite a bit of homework. I’ve bought ebooks on the topic. I’ve scanned through forums. I’ve searched for free information. Heck, I even went to the bookstore for references when I wanted to learn how to make my own sites. Yes, I probably bought too much, and sometimes I took a wrong turn, but looking back, the knowledge proved worthwhile.

However, it’s not enough. Knowledge of how to make money online isn’t all you need. If you actually want to make money online, you have to put that knowledge to use. That means taking action, and that’s the tough step most people don’t take. Whether or not its fear, or because they were deceived by the bulk rate spin surrounding most ‘make money online’ products and services, they simply won’t act.

That won’t do at all. Knowledge is great, but by itself, it’s nothing. Without action, learning what you need to do is merely a mental exercise, and doesn’t have much use. On the other hand, action without knowledge is an invitation to chaos. I’ve taken a couple of classes in the school of hard knocks doing that, and I don’t recommend it.

To make money online, you need both knowledge and the initiative to act. While I’m not a fan of ‘just act’, once you learn you must act. Simply learning how to make money online and then doing nothing with that knowledge won’t get you anywhere. Yes, you’ll probably have to learn some more along the way, but once you have an idea of how to begin, get to it.

Seriously, how do you make a beautiful, sellable ebook? Find your answers today with The Ebook Walkthrough!

My name is Ryan Ambrose, and I’m one of the co-authors of Can I Make Big Money Online.


What If You Can’t Find A Niche That You Are Passionate About?

July 14, 2008

Question Mark

In my previous posts on finding the right niche to market to I said that it is much easier to build a business by sticking with one niche market that you LOVE.

While this is true, this assumes that you can find something you are passionate about.

What if you can’t find a niche market that you are passionate about?

What if there is no money in the niche markets you enjoy the most?

I have not seen these questions answered by many people. The first time I saw this answered was when I was doing religious study, but I have also seen it answered by a few business people.

So, what is the answer?

First, let’s take a quick look back at my 7 step niche finding system:


1. Make A List Of Your Passions

2. Make A List Of Things You Do Well

3. Merge The First Two Lists

4. Choose Your Favorite 3-5 Niches

5. Determine The Traffic Potential

6. Determine The Money Making Potential

7. Make Sure You Have Time For The Niche

If none of the niches that you are passionate about look profitable, then skip step 1 (1. Make A List Of Your Passions). At the end you will have a list of niches that you are good at and that make money. If none of the niches that you are good at (or have knowledge about) are niches that you can make money in (which is possible, but unlikely), then you need to skip steps1-4. Which means all you are left doing is finding profitable niches (steps 5-7).

After completing steps 5 through 7 you now have a profitable niche to target. That’s what you do when you can’t find a good niche in areas that you are passionate about.

“What about the passion? Aren’t you going to have a problem staying in this niche if you don’t have passion for it?”

That is the million dollar question… and despite what I may have said in the past the million dollar answer is that you need to…

Love the niche that you choose! Be passionate about the niche you choose!

Loving what you do is a choice. You can choose to love any niche. This may go against many of the things you have heard in the past, but it is an extremely important principle to learn. This is so important I am going to repeat it in big bold letters:

“Loving what you do is a choice. You can choose to love any niche.”

You don’t have to be passionate about a niche to make money online. However, you need to become passionate about everything you do in that niche (marketing, writing about it, etc.). You need to be passionate about what you are doing to make it easier to stick with it long term. And that passion is a choice. You can choose to love what you are doing, or you can choose to hate it. The decision is yours. When you choose to love what you are doing, then you will be much more likely to create the online business of your dreams.

Create A Business Plan For Success Online

March 11, 2008

When you start out online you need to make a solid business plan. A business plan is your roadmap for success.

road

My father told me to create a business plan a long time ago and at first I didn’t listen to him (I should have). My father has made a REALLY good living helping new companies develop successful business plans designed to get these companies government funding. He is an absolute expert at what he does. I wish I had listened to his advice about making a business plan early on because he really knows what he is talking about.

However, you don’t have to make the same mistake I made.

All you need to do is find a good business plan template and fill it out. You can get a good business plan template for FREE by going to SCORE’s template gallery and downloading their business plan for start-up businesses. You don’t have to answer all the questions posed in the business plan template to have a successful business, but the more questions you answer the better understanding you will have your business.

Some of the questions covered in the business plan will be things we discussed earlier in the Getting Started series. Some of the questions are new questions that will help you better understand ALL the planning that you can do to create a roadmap for your success.

Creating a business plan will help speed up your quest for online success.

How To Pick The Right Niche For Your Online Business

February 18, 2008

Target Niche

In the previous post in my getting started series we talked about the importance of knowing what you want. In this post we are going to discuss how to pick the right niche for your online business.

A while back I wrote about how to pick the right niche for your blog. The same process can be used to pick the right niche for your online business. Here is a quick outline of the steps you need to take (you can read all the details here):

1. Make A List Of Your Passions

2. Make A List Of Things You Do Well

3. Merge The First Two Lists

4. Choose Your Favorite 3-5 Niches

5. Determine The Traffic Potential

6. Determine The Money Making Potential

7. Make Sure You Have Time For The Niche

The Most Important Things To Remember When Choosing The Right Niche For Your Online Business

You should choose a niche in a target market that you CAN and WANT to spend a LONG time serving. While you can have online success by going from one niche to another and you can have online success by creating products in niches that you are not passionate about it is much easier to build a business by sticking with one niche market that you LOVE and catering to that target market. I am going to say that again , because it is SO important:


It is much easier to build a business by sticking with one niche market that you LOVE and catering to that target market.

To help target the right niche, you need to decide who your ideal customer is. You can do this by answering the following question:

Who will I enjoy serving?

Target your online business for a niche you would LOVE to serve (click here to read a previous post I wrote about the importance of choosing your customer first).

You want your online business to be enjoyable and easy. One of the best ways to do that is stick with a niche you are passionate about.

If you REALLY want to make big money online AND enjoy it, then do what you LOVE.

Planning The Online Business Of Your Dreams

February 5, 2008

dreams

How To Plan The Online Business Of Your Dreams

In the first post in my getting started series we talked about the importance of planning out the business of your dreams. Before you come up with a business plan you have to know what you want to accomplish with an online business.

In other words the first step to creating the online business of your dreams is to define the online business of your dreams.

You can’t create the online business of your dreams if you don’t know what it looks like!

The best way to define your ideal online business is to ask yourself questions that will help you create a clear vision of your ideal online business.

Here is a small sample of the kinds of questions you should ask yourself:

  • Why am I starting a business?
  • Why do I want to make money online?
  • What am I willing to do to make money online?
  • How much money do I want to make per year with my online business?
  • How many hours a day do I want to work?
  • Do I like to deal with customers?
  • What are my strengths and weaknesses?

When you ask AND answer questions like the above question you can get a picture of your ideal online business. With that picture in mind, you are well on your way to creating the online business of your dreams.


PS. Here is a bonus question for those of you who are religious:

What online business can I create that will best serve God?

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