Make Money Online Tips for the Newbie by Marilyn Nelson
Make Money Online Tips
The internet changes daily as far as what works and what doesn’t when it comes to the ability to make money online. There are basic business principles involved when starting any business. These principles definately need to be followed when starting an online business or you will probably find yourself not being able to make money online.
If you are new to a work from home online business, your head can spin with all the hype, sales pitches , and outright lies as far as the reality of starting up an online home based business. Everwhere you go, you are inudated with make money online with this business, or that business. Be very careful. Most of them are worthless.
There are however a few things to look for in your search for a make money online business that can make you some nice additional income, or even better, it becomes your “job”. Making money online, generating $400-$1000 a day is far from what I call a “job”. If you do your due diligence, it can save many problems later, and enhance your chances to be able to make money online.
To help ease your frustration, and point you in the right direction for what you should be looking for in today’s online marketplace, the following summarizes some essential ingredients you should look for in any make money online opportunity.
Later in this brief overview, I will offer a “secret” to online success that is rarely mentioned in the many articles written on the subject.
1. SYSTEM- This may be the most crucial item to your success. You need a System that generates prospects, educates them on your business opportunity, sorts and weeds out those that are not interested in your offer, then closes the sale at a conversion rate that ensures profitability. The System must be as automated as possible so you aren’t spending hours cold calling or following up with people that are probably not interested, then trying to use your sales closing skills to make a sale. To make money online or offline, you can not afford to get bogged down in the details.
Think of the successful off line businesses such as McDonalds, Tim Hortons or Subway. Do you think they could duplicate those businesses all over the country, setting up new franchise owners to run these businesses, without a SYSTEM that works?
2. BIG Profits- This is important as the advertising needed to result in sales can be quite costly. For some $1000 price point business programs, it isn’t unusual to spend $200, $400 or even $600 to make that $1000 sale. Of course, there are ways to also spend $0 in advertising, but the reality is advertising is often on the range where to make $1, you may need to spend $0.40. Your profit is still $0.60. Would you do that over and over if you had a automated system in place to make this happen? Big Profits allows enough profit so your advertising cost is well covered by your selling price. Avertising online can be free, but very time consuming. To make money online, you must advertise. This can be lots of money spent or lots of hours spent.
3. Hot Products- Yes, the product must be tangible and have use and value. There are many new business opportunities that offer $75,000 or more worth of downloadable products that sell for $1000. That’s pretty HOT, and full of value. Having a product that can be downloaded, means NO shipping. Always look for ways to cut overhead.
4. Leads and Traffic- This is probably the most perplexing for most new work at home business owners. A make money online business will never make any money without a source of leads (prospects). The key to providing leads to an online business is they need to be targeted. I personally do not buy leads, I prefer to buy customers for my business. It is a much better ROI than throwing good money after worthless leads, and that is what most leads that you buy online are, worthless, in my opinion. There are methods to generate your own leads, and these are far superior to buying leads. We are here to make money online, not squander it on buying leads.
5. Support and Training- as with any business start up, you need to learn your work at home online business program. Make sure that your business program has ample training and resources so you know exactly what to do to get those prospects to your System. This is not always easy to figure out when doing your due diligence on an offer. Always check very closely to see if the person training you knows how to make money online, and then have them prove it to you by their paychecks.
As a suggestion, make sure you ask for examples of where and how you will advertise. Also ask where will you get the wording for the ads, who will write the ad copy and the followup messages, what the conversion rates are for your system. If your sponsor can’t provide good answers, then they may not be that successful themselves. How can they teach you how to make money online if they don’t know thwmselves.
This is just a brief overview of what today’s online business programs need to cut through the many offers out there and make your business stand out to others. There are many avenues to being able to make money online, and these covered here are just a few.
Earlier I mentioned I’d offer a “secret” to successful online work at home business programs that is rarely mentioned in the various sales pitches. The true secret just might be you. You are the person who will determine your ability to make money online.
Most people do not realize they are starting up a real business. There will be ups and downs, profitability may not come overnight, or you may expect riches in the first few days.
If you have followed the previous steps, and are willing to work very diligently, you will be able to make money online. It may not come overnight, as there is usually a start up lag, but it will come, if you stick with it.
Marilyn Nelson
Skype ID: marnels
806.543.1234
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