Home Based Business: Setting Your Online Business Up for Success

Home Based Business: Setting Your Online Business Up for Success
 
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The truth is that you must treat an online business just as you would a business in the conventional world. You must plan on investing time, money and effort to ensure your success. The good news is that your investment in an online business will be MUCH, MUCH less than that of a business in the conventional world.

With an online business, there are essentials that you must have in order for your business to run smoothly and become successful. You can literally run an effective online business for $100-$200 a month. But first...

Here are nine essentials that you MUST have to run your online business.

1. Your Own Website

This includes a domain name and web hosting for your site. You must have a central place to send your customers, even if you are selling multiple products or services.

2. A Professional Autoresponder

An absolute MUST for any online business. If you're not using an autoresponder, you're losing money! That's the bottom line. Your autoresponder should have the ability to create subscriptions via email and web form and should be a professional one with no ads! Free autoresponders look unprofessional and they are not reliable.


Launching an effective auto-responder campaign can mean the difference between a struggling business and a wildly successful one.

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3. Ad Tracker

This is probably the most underused tool that we know of. Consider this - most people who are NOT making money on the Net have never used an Ad Tracker. Yet, ALL of the people that we know who ARE making money on the Net - use one daily. It makes no sense to spend money and time on advertising if you're not going to be able to determine which ads are producing and which ones are not. An Ad Tracker will solve this problem and save you time and money in the long run.

4. Market Analysis

You may know your product inside and out, but do you know who will buy it? Think about your target audience...do you understand their needs? Are you ready to learn about them? Until you have specific data on your customer you will need to do research on who you are selling to. Read trade publications. Attend trade shows, listing the business on online business sites, and possibly a social media presence on Twitter and Facebook.

5. Products or Services

You must have something to sell! This can be a service such as web or graphic design, an mlm/affiliate program or products, tangible or digital. If you don't have a specific product or service in mind, there are thousands of profitable digital products that come with resell rights. This means you can resell them and keep 100% of the profit!

  
This Is The EASIEST And FASTEST Way To Make Money
Selling Your Own Product!
Sell them on and keep 100% of the profits you make!

If you want to learn more, I recommend the following resources:
7. You must know HOW and WHERE to advertise to bring targeted prospects to your Website!

You can save yourself a tremendous amount of time, money and frustration by learning the effective advertising methods that are available online. There are countless worthless ones that are simply a waste of time. If you're new online, you won't know this unless you find someone who is successful online and follow their lead. Find a mentor or a membership site that offers step by step Tutorials on online promotion. Make sure that the tutorials are updated frequently to keep up with the changing times of the Internet!

8. Leads

The lifeline of any online business! Just because you have a website and products to sell, that doesn't mean you're going to make money! To make money, you must drive targeted visitors to your website. There are THOUSANDS of companies on the web that sell Leads but if you just pick one out of the blue, it's trial and error. Do some research and find a good source for leads. Again, you can achieve this by finding someone who is succcessful and following their lead. Or join a membership site that includes Leads as a part of their package.
9. Plan your financial future. A typical month of expenses for your business may look similar to this:
  • living costs for you and your family
  • employee wages
  • rent/mortgage
  • advertising/promotion
  • office supplies
  • utilities
  • taxes
  • maintenance and repair of facility
  • delivery, shipping, and transportation costs
  • miscellaneous expenses
Running an online business can be a wonderful growth experience, and the income and freedom it can provide is certainly nice too. People really shouldn’t be deprived of this opportunity for technical reasons. The self-publishing power of blogging technology has gotten us partway there, but it’s only one piece to the puzzle.

So there you have it. With these nine essentials, you've got the foundation for a successful online business. Without them, it's going to be a tough road ahead. Use them as a "checklist" and make sure your online business is armed for success!
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I am sure I haven’t covered everything so please feel free to share your tips in the comment area below.  Remember that your comments and thoughts are highly welcomed and appreciated.

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