6 Steps to an Online Business

Here are 6 simple steps you can follow right away in starting an online business.Step 1: Find a profitable market which sends buy-orientated traffic to your site. You don’t want traffic which isn’t willing to spend money. You won’t profit at all. I doubt you would even make a cent. You don’t really need to know anything about the particular market. Just find out if people are willing to spend money in the market.Step 2: Set Up your first website, which is a survey site. Use the survey to ask questions regarding the wants of your traffic. It would be good to put an opt-in page as well so that you can capture these visitors. Just because they want to answer the questions on the survey, it shows you that they are the people who are looking for their wants to be fulfilled. The best way to drive traffic to the survey site is to use Google AdWords because articles would simply take too long. Keep the site up for roughly 3-5 days as you collect the data.Step 3: If you don’t know anything about the market, outsource the product creation. Go to the Elance website. There you can find quality ghostwriters. Just make sure you do some research on them, like find out how well they have been rated by the people who have outsourced to them. Or, you could just recommend an affiliate product. But make sure it satisfies the wants of the prospects. To make sure of this, I suggest you buy the book and see if it meets the wants of the prospects based on the responses to the survey.Step 4: Write your Copy. While this can be outsourced, you have to be able to find the good ones. No point getting it written by someone cheap because it is very likely to be rubbish.Step 5: Set up a mini site only with your sales page. Don’t put any AdSense ads or links that would distract your visitors.Step 6: Split test the sales letters. Compare to see which converts better. Aim for a conversion rate of about 1%, you can make much more on back-end sales. And even if just 10 out of 1000 people buy your product, what if your product is valued at $47? You make $470 just like that. Plus you would’ve built a good list and made back-end sales.And, you just need to rinse and repeat these steps and you can have multiple sites making you $470 for every thousand visitors you get.