Starting an Internet business is not particularly easy at first.
The reason that many people say its easy is that because they are trying to make you feel they have the instant solution and the product they are trying to sell will allow you to make money online quickly.
If it was easy and quick everybody would be doing it.
Now let me also say something else - It can certainly be done and for a newcomer as well but like anything new we need to understand exactly what we are doing,
Most people that want to start an internet business genuinely dont understand what they are doing.
They kind of start based on the hopes they have... and clearly you can't run a business like that.
How do you make money online???
A lot of people make a very common mistake, by getting a product first then they are trying to find a market for that product.
That's absolutely WRONG!
The process should be reversed.
We must find a market first that spends money and then position ourselves in that market and only then, when we have done that, We promote products to that market.
The very first thing we do to start an Internet Business is:
We find a profitable niche. That is an online area where there are already hungry buyers, people spending money.
The next thing we do is: we create a one page website.
Once we have created the website the next step of the engine is the difference between Failure and Success, and that is BUILD A LIST.
All your online income will eventually come from your list... so you are not trying to sell something something straight away, you haven't actually made any money yet but you are building a list that is interested in your profitable niche.
Let's use for example ''Personal Development''
We are building a list of those that are interested in Personal Development, once we have done that we start promoting related products to our list.
So we are promoting to targeted people, those people that we know for a fact are interested in a subject matter, because they have signed up to our list in the first place.
This whole procedure can take a few months, so this is not ''get rich by next week'' but you can earn some money within your first few months of internet marketing. And then you have actually created an asset, an internet business that is working.
Once you have this engine up and running the only thing you need to know is to generate traffic.
Traffic is the next step of the equation.
Just before explaining how to find a profitable niche, we need to understand the word ''Market'' we have heard this word very often online.
Market is a name given to a huge area online, a huge subject matter.
A Market is a massive group of society.
There are really only three markets that you will ever need to concern yourself with:
It's impossible to position yourself in a market, because it's too big, you wouldn't say you are in health market because there are too many sections of health.
So what we do is we drill down within these markets and within these markets there are niches, these are smaller sub sections.
A niche is a specific area within a market, and you position yourself in a particular niche.
Here are a few niches in Health Market:
Diet/Weight Loss/Vitamin Supplements/Medical Issues/Quit Smoking/
Alternative Therapies/Headache/Children's Health etc...
Each of those niches is a multi million dollar itself and my question to you is-- Is there something here that is an interest to you, something that may be you know a bit of information about from your offline world or something you passionate about!
Now let's take a look at a few niches in Wealth Market:
Working From Home/Forex/Business Opportunities/Internet Marketing etc... or may be you would be interested in one of those niches in Life Style Market:
Mind, Body and Spirit/Personal Development/Pets/Baby Boomers/Self Improvement/Online Study Courses/Computers/Alternative Energy/
Home care etc..
All of those niches are ''hitting the iron red hot'' right now and all you do is choose a niche that you are interested in and create a simple website than build a list of people interested in that niche.
These are tried and tested niches that work.
The best niches by the way, always fill a need for solution.
If you position yourself in a niche where there's a lot of people looking for an answer then you are in a niche that spends money.
In any industry the biggest stumbling block is the START, ironically the biggest problem is not making money online, it's not creating a website, it's not building a list or learning traffic strategies, it is actually STARTING! so... just start.. and this is how you start an internet business.
This post has been edited by toni-g: Jun 7 2012, 12:08 AM