Monday, November 26, 2007

How to start your web based business

How do you start a web based business that will work?

Well, the first thing that you need is a product. The question is...how much do you want to make and how much are you willing to spend to get to your goal? (By the way what is your goal?)

The second thing you need is a vehicle to point people to. It can be a web page, a blog, a video, it can even be just a simple redirected URL. (It will eventually be all of these vehicles.)

The third and most difficult thing that you need to determine is a way to drive traffic to your opportunity. Make no mistake about it without traffic you are never going to sell anything to anyone. (This is the most difficult part to master, but it is definitely do-able by anyone.)

Now let's back up to step one...What opportunity are you going to market? Is it a mlm business? If it is which one? Is it an affiliate link that pays you a commission for every lead that you send to their site that purchases one of their products? Is it an actual product or service that you have inside information about that you can market directly? Only you can make this decision.

You need to look around at different opportunities and see what interests you, what you can be passionate about, and what you are willing to learn. Everyone can find something that will start them down the web based business road. Most people start with some simple product like a simple mlm business opportunity and they start searching around for ways to advertise and ways to build their business. As they look around they find other opportunities and tools that they like they sign up for something else and the next thing you know they are marketing a number of different opportunities. This is one step in the process but it is an ongoing step that you will keep learning, researching and modifying as you build your business.

Do yourself a favor. Determine the amount of financial risk and the amount of hours that you can put into your business before you commit to an opportunity. The more financial risk you are willing to take, the more money you can make. The more hours you can spend, the faster you can grow your business to be self sustaining. Usually a small dollar buy in ($100-$300) to a network marketing opportunity or affiliate program will net you a small return ($10-$100) on each sale and will take more time to build into a solid income. A larger dollar buy in ($1000-$10000) to some other marketing opportunity will net you a larger commission on each sale ($750-$7000) and will build you business faster, but you take the risk of spending more money up front without any assurance that you will make more money than you spend.

Figure out what you are trying to accomplish with your web business. A little extra money? A significant living? A serious 6 or 7 figure income? Then determine what kind of financial risk that you are willing to tolerate as a start up. Then figure out how much time and how much passion you are going to bring to the table to get your first opportunity going. This is key. You can make money on ANY opportunity if you are passionate about it and if you are determined to spend whatever time it takes to figure out how to get traffic to your opportunity. If this is your mindset...YOU WILL BE SUCCESSFUL.

So go figure out the answers to these questions in the paragraph above and look around at some opportunities. I've posted some links to a few opportunities for you to check out. Just take a look at them and then go to the web and look at some others. Write down the ones that make sense to you and save the links to your favorites list. Come back here tomorrow and I'll post information about what products I have found worked for me and how and why they work. I'll continue to post installments until I have given you enough information to get you going in your own web based business with a significantly chance of success. (97 percent of all web based business fail due to stumbling around in the dark and running out of money or motivation before finding the keys to success) I'll make sure that you are not in that 97 percent.

No comments: