There is a lot of money to be made online. Tens of thousands of people have already learned how to make money with an online business. Many of these people probably started with less technical experience than you have.
I have put together 6 simple steps that will turn a complete newbie (an those with experience as well) into someone with a successful online business.
6 Steps: How to Make Money With an Online Business
Step 1: Identify Your Niche.
A niche is a common group or people with similar problems, interests, and passions. I go into more detail in finding your niche in Internet Business Niches, but to summarize consider these three questions.
- Who is my audience?
- What are my audience’s most urgent pains, pressing desires, and immediate needs?
- What are money-making solutions to my audience’s problems?
It is best to chose a niche that is one of your hobbies, passions, or something you are knowledgeable about. This will make it easier for you to be seen as an authority for that niche and it will make your work more enjoyable as well. It will also be easier for you to stick with it if you are doing something that you love to do.
Step 2: Build Your Website
I don’t recommend building a website until you have a niche. However, once you have a niche I don’t recommend delaying. To run a successful online business, you will need your own website. Your website will be the foundation of your business. Here are a few things you need to set up your website:
- Web Hosting. This is where your website will be stored. HostGator.com is an example of a web hosting service. Prices for various web hosting companies vary but you can find a good service for around $10 per month.
- Domain Name. This will be the unique URL for your website. I use namecheap.com and I have been pleased with their service. There are also many out there. You can get a new domain name for around $10 per year.
- Website Know-How. You don’t need prior experience to setup a website. There is enough information and user friendly programs that make it possible for a complete newbie to learn how to create and manage a website. Click the link below to watch a video on how quickly you can build a website.
If you do not have prior website experience or you are not tech savvy then that video shows you how quick and easy setting up a website can be. That video is part of a training program with Wealthy Affiliate. To learn more check out my Wealthy Affiliate Review.
Wealthy Affiliate has the best program that I have found to teach a beginner how to create a successful online business. They also have a web hosting service built into their program so it will save you the ~$10 hosting fee.
Step 3: Put Quality Content Into Your Website
In Step 1 you identified your niche. This will help you know who your audience is and what they value (what they are spending money on). In Step 2 you built your website. Now you need to give your audience a reason to visit your website. You do this with quality content.
Your audience gets on the internet everyday on a quest for information and solutions to their problems. They will only visit your website if it has the information they are looking for. Your content needs show them how to solve their problems. Study your audience so you know what kind of information they are looking for. You should then put that information on your website and watch your following grow.
- Blog Posts
- Product Reviews
- Product Comparisons
For more on content, check out Keys to Writing Website Content.
Step 4: Get Website Traffic
So now you have amazing website content that your audience is going to love. Getting people to your website is not going to happen on its own so you need guide them to your website. Here are some common ways to get visitors.
- Search Engines
- Pay-Per Clicks (PPC)
- Email Subscribers
- Social Media
- YouTube and other video marketing
- Forum Marketing
Getting website traffic will require some effort and marketing techniques. You probably won’t be able to master every method to generate traffic. Instead, focus on being the best in two or three marketing methods to get the most traffic.
Step 5: Have a Way to Monetize Your Website
Making money is when your online business gets fun. When you understand your niche and audience, you will understand their passions, interests, and problems. You will also understand two other important things: 1) what they are already spending money on and 2) what they will spend money on.
Here are some common ways that you can make money off your website:
- Affiliate Marketing (selling others’ products for a commission)
- Selling your own products or ebooks
- Sell advertising space
- Cost per Mille or CPM (get paid for the number of page views)
- Advertising (Google Adsense)
When you promote products, be sure not to come off as an advertiser or overly aggressive. Remember that your audience is looking for information on how to solve their problems. Give them information about specific products that will solve their problems and improve their lives.
If you try to sell them products, you will lose their loyalty. If you introduce them to products that will enhance their lives, they will thank you.
Step 6: Learn, Adapt, and Refine
Before I set up my first website I spent months learning, studying, brainstorming, etc. and I got nowhere. I wanted to have everything perfect before I launched my site. The truth is that I learned more within a few days once I decided to go ahead than the months prior. Your website will never be perfect, your content will never be perfect, and you will always have things to improve.
You will learn more about your audience by analyzing their behavior on your website than you will any other way. Once your website is up, continuously find ways to improve it. Study your audience’s behavior by looking at:
- Which pages they visit the most.
- How long they visit your site and stay on each page.
- Which pages convert the best.
- Which pages do not convert.
- What are people saying in the comments.
- Which pages are being shared on social media.
Study your audience’s behavior on your site, then make improvements. Then study how your audience reacts to the changes, then make more improvements.
Conclusion: How to Make Money With an Online Business
You began reading this article to learn how to make money with an online business.
By now you either think this is too simple or are overwhelmed at the thought.
The truth is that setting up an online business is simple and even a newbie can get a website up in a few days, with the right training. The video I posted shows you how to get a website up in less than a minute. In case you missed it, here is the link again.
If you want to start making money online then I recommend that you join a program that will teach you step-by-step how to set up your website, similar to how the video taught.
Joining the right program will give you vital training and support, which will set you up for success. Some programs are much more effective than others so do your homework first. If you don’t have a program then check out my #1 recommended program. Click here to read my review first.
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