From research, it is clear that most business start ups (over 90%) fail due to the certain factors which so many of these wannabe entrepreneurs ignores or underestimates these factors;
Let’s go through these guide to building a profitable business online
- Choose the RIGHT MINDSET to Succeed Online:
This is the number one problem most start up businesses face; especially people not having persistence, self belief, trusting your instincts, etc; having the get rich quick scheme mentality… I am not going into that topic for in this blog message; you can check my last article on start up mistakes and you can claim your FREE Ebook Here.
- Learn to be a Problem Solver: you must ask yourself these questions
- what am I good at?
- How can I contribute to people? Do you want to make them, wealthier, healthier, more beautiful or increase their knowledge etc ?
- what am I passionate about and be willing to do with out any monetary reward?
Finding your strength and harnessing it to help people is crucial to your success in any business both offline and online. So knowing what problems people are facing and providing them with the right solution is what will eventually make u money.
this is simple, the more problem you can solve, the more money you can make. Please, think about this properly and come out with a Good COMPELLING OFFER.
- Now choose the Right Market for your Passion and ready to work at it.
- Choose A Profitable Niche Market Rather a Product first: most people always think once u have a product u are in business; this is fatal to your business . what really matters first is to look for a profitable niche market. i always describe a profitable niche market in relations to economics; a niche market is simply a market where the demand (for solutions, services, products) is more than Supply (people offer such services ; i mean your competitors) You can find out more on how to choose a profitable Niche market Here
- Create Your compelling Offer and Start Building your Brand : once you are happy about you market; this is the time to start building your brand and have a FREE and Valuable information, tips, software or tools that can help people in your market. This helps build their trust in you which more or less what a brand is all about. so the quality (values) of your compelling OFFER is what will build your brand for you.
so focus more it as it is the Key to your business success
- Start Building Your List : Once you have your COMPELLING OFFER, this is the time to start building your list and share with them your valuable gifts. This way you will build a relationship with your list and grow your brand
- Create Your own product and market them to your list or Promote Other People’s product to generate sale (Money) such being an affiliate marketer you can get started as an affiliate with CLICKBANK
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