If You Had To Start From Scratch All Over Again How Would You Do It?

11 years ago

20 years ago, I began with offline marketing and affiliate marketing. If I had to start again, knowing nothing at all, I'd do this:

- Devote myself to free education (locations like WF);
- Form a Business Plan
- Take Action
- Reinvest Profits into Education
- Expand into Better Areas
- Reinvest Profits
- Rinse, Repeat.

Tom

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Shaolinsteve

11 years ago

Originally Posted by Peter Lee

Would you focus on an authority site rather than small niche sites?

For me, authority is the biggest asset. It's a longer process, but essentially it's a long term strategy as opposed to going small. With regards to fast of how successful you can be with either one, it's going to depend on your budget and how well your build a relationship with people so that you can evidently build a loyal following who can resonate with you and will buy from you time and time again.

Originally Posted by Peter Lee

Would you still have a blog to build your reputation and reach out to your customers.

Yes. I incorporate my funnels within my blog to assist with my branding and reputation.

Originally Posted by Peter Lee

Is your blog as important now as it was when you first started out?

Yes.

Originally Posted by Peter Lee

Would you engage a IM coach to help you get started if you found that you have been a victim of the shiny object syndrome too often?

Absolutely. You need someone who practices what they preach, who tells you how it is (straight up) and someone that you can resonate with. You need to get out of that habit of information overload, focus on building that structure and move forward and learn as you progress.

I find that people continue to buy this and that, but they never see it through to the end. Or they complain that this didn't work or this... without a structure, or system in place, it's never going to work and it's often something you can't rely on 100% because there are numerous components to building an online business.

Learning is one thing... taking action is another

Originally Posted by Peter Lee

Would you create your own products now rather than just promote other people's products? Or you have just been promoting the wrong products?

I'd create my own but refer other useful products that people are going to need in order to get their business setup. But one of the biggest things I find is that... a lot of people would promote something they have never even purchased before. So it's kinda weak... it's just the wrong mindset. It shouldn't be about making money, it should be about "them" the people on your list and what you can do to help them.

Learn It
Do It
Teach It

If it doesn't work for you, then don't bother promoting it to others just for the sake of money...

Originally Posted by Peter Lee

What income stream would you change to?

There's various income streams but ideally residual / recurring income and high ticket it going to be the biggest asset.

Does that help?

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Alexa Smith

Banned 11 years ago

Originally Posted by Peter Lee

If you were to start your online business all over again how would you do it differently?

(i) I'd know more, avoid depending on "forum information" as I did in 2008, perhaps not waste most of my first four months without earning anything, and avoid all the silly mistakes I actually made through knowing no better at the time;

(ii) As so many now-successful Warriors say, every single time this question's asked, I'd start to build a list "on day one".

Originally Posted by Peter Lee

Would you focus on an authority site rather than small niche sites?

I'd know that that doesn't matter very much, and that my income is determined much more by my email marketing skills than by what sort of websites I use.

Originally Posted by Peter Lee

Would you still have a blog to build your reputation and reach out to your customers.

I'd still have some sort of little sites, like the ones I have now, which continue the process of establishing trust and credibility (from whatever brings visitors to my site in the first place) and which exist for the primary purpose of collecting the visitors' email addresses, without which there's no real income worth talking about.

Originally Posted by Peter Lee

Is your blog as important now as it was when you first started out?

About the same (i.e. not very important at all, as long it serves its primary purpose of collecting the visitors' email addresses).

Originally Posted by Peter Lee

Would you engage a IM coach to help you get started

No.

Diferent people learn in different ways, and that wouldn't suit me.

Especially having had so many messages from people who have bought various coaching services advertised in this forum, and with my hair still standing on end at some of the appalling nonsense they've been "taught" by people who can apparently earn money only from other newbie marketers by pretending to be "coaches" (because they certainly can't earn anything by actually doing the nonsense they're "teaching"!

).

Originally Posted by Peter Lee

Would you create your own products now rather than just promote other people's products?

No; definitely not. I'd just promote other people's products. I think for most marketers, most of the time, that's far more profitable, far more secure, and far more likely to turn into a realistic, product-flexible, asset-based business. Here are just 10 of my reasons for thinking this.

.

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Peter Lee

11 years ago

I absolutely agree with you on this.

Originally Posted by Alexa Smith

(ii) As so many now-successful Warriors say, every single time this question's asked, I'd start to build a list "on day one".

.

True. There are many people who choose not to build a relationship with their customers as this takes too much time. Even for email marketing they don't build any relationship with subscribers preferring the churn and burn method.

Originally Posted by Alexa Smith

I'd know that that doesn't matter very much, and that my income is determined much more by my email marketing skills than by what sort of websites I use.

You are right. If you are using email marketing, you are promoting other people's products everyday

Originally Posted by Alexa Smith

No; definitely not. I'd just promote other people's products. I think for most marketers, most of the time, that's far more profitable, far more secure, and far more likely to turn into a realistic, product-flexible, asset-based business. Here are just 10 of my reasons for thinking this.

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The Niche Man

11 years ago

If I had to start from scratch all over again. (Scary thought)

Short List

1. I'd join an affiliate program more compatible to my personal passions and skills instead of the promise of riches.

2. I'd add an extra service other affiliates didn't have or do to separate myself from the competition.

3. I'd Brand/Position that extra service to my target market and list as a back-end.

If I only knew back then what I know now, maybe I'd have that private island in the Bahamas.

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Peter Lee

11 years ago

Thanks for posting. All very good points to remember. Affiliate Marketing is still one of the best ways to make money online.

Originally Posted by The Niche Man

If I had to start from scratch all over again. (Scary thought)

Short List

1. I'd join an affiliate program more compatible to my personal passions and skills instead of the promise of riches.

2. I'd add an extra service other affiliates didn't have or do to separate myself from the competition.

3. I'd Brand/Position that extra service to my target market and list as a back-end.

If I only knew back then what I know now, maybe I'd have that private island in the Bahamas.

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Devilfish168

11 years ago

Up to individuals...?
both have their own pro and con ...

selling your own products can earn more.

so do Affiliate Marketing ....

by the way bro , noticed you from singapore ...

so you doing full time IM or just for " leisure "

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Devilfish168

11 years ago

Originally Posted by Peter Lee

Thanks for sharing. I guess for those just starting out, promoting other affiliate products would come first before creating your own product.
Yes I am from Singapore too and doing IM full- time.

cool , so what niche you do ?

how much you can managed to earn per month constantly?

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misshang

11 years ago

I'll spend more time developing skills in building sites and SEO.

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Peter Lee 11 years ago

Thanks Missang for your feedback. SEO is still very important and needed despite what many people say after all the Google Algorithm changes Google seems to be making so frequently.

Originally Posted by misshang

I'll spend more time developing skills in building sites and SEO.
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@tjr

11 years ago

I'm in this situation now.

I'm starting with a focus on freelance writing. I'm over at INeedArticles doing some easy work getting a cash flow going again, as well as getting back into the habit of writing every day. That's ridiculously small change though, and won't last forever.

My other writing focus is on Constant-Content, where well written pieces are valued more than in typical IM circles.

Finally, I have a personal blog that's covering a variety of topics. It enters around a comedic background for me and my friends and will largely use YouTube as a broadcasting platform. It'll go how it goes.

Thanks
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Peter Lee

11 years ago

Thanks for contributing. Being able to write is a great asset and some people choose writing to make an income and with experience and time get to hone on their writing skills.

Originally Posted by @tjr

I'm in this situation now.

I'm starting with a focus on freelance writing. I'm over at INeedArticles doing some easy work getting a cash flow going again, as well as getting back into the habit of writing every day. That's ridiculously small change though, and won't last forever.

My other writing focus is on Constant-Content, where well written pieces are valued more than in typical IM circles.

Finally, I have a personal blog that's covering a variety of topics. It enters around a comedic background for me and my friends and will largely use YouTube as a broadcasting platform. It'll go how it goes.

Thanks
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@tjr

11 years ago

Originally Posted by Peter Lee

Thanks for contributing. Being able to write is a great asset and some people choose writing to make an income and with experience and time get to hone on their writing skills.

Let's be sure not to settle on platitudes or make things seem that basic. An ability to write is one small piece of a much larger puzzle when it comes to making money online, even if being a Freelance Writer/Ghostwriter is the height of your ambition. I can say that with confidence from my last go around.

You've gotta find other avenues of presenting infomation (e.g. Youtube, infographics). You still have to be able to market (in a lot of cases yourself as well as your work). There's a lot more that goes into writing on top of being able to string together 26 letters in different ways. Just want people to be aware of that.

Thanks

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NeedBucksNow

11 years ago

Great post! I would spend more time learning from people that have actually made money in the forum instead of trying to do it myself & wasting alot of time with traffic exchanges & guaranteed hits. I never had much luck with these & should have realized that I needed to at least make a squeeze page in order to keep in contact with them & build a list instead of losing them forever

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Peter Lee

11 years ago

We are always trying to learn something new from someone who has done it either from forums, blogs or websites we visit. But it's a slower way to get all the information or your questions answered. A better way I can think of is engage a coach to mentor you in a systematic training program, if you have a budget.

Originally Posted by NeedBucksNow

Great post! I would spend more time learning from people that have actually made money in the forum instead of trying to do it myself & wasting alot of time with traffic exchanges & guaranteed hits. I never had much luck with these & should have realized that I needed to at least make a squeeze page in order to keep in contact with them & build a list instead of losing them forever

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DavidPSmith

11 years ago

Hi Peter.

If I could start over again, knowing what I know now, the first thing that I would do is build or buy a membership website. Membership sites tackle the three biggest hurdles that new marketers face: driving traffic, building a mailing list and making money.

Driving Traffic: Your members become your affiliates.

List Building: Your members go onto your list.

Making Money: Your members are paying for membership and/or upgrades.

And, since your members are paying, you're not just building a list, you are building a buyers list right off the bat!

What I wouldn't give for a souped up DeLorean right now!

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Peter Lee

11 years ago

Right spot on David. It seems clear that list building is the thing to focus. What people say that the money is in the list still holds true to this day.

Originally Posted by DavidPSmith

Hi Peter.

If I could start over again, knowing what I know now, the first thing that I would do is build or buy a membership website. Membership sites tackle the three biggest hurdles that new marketers face: driving traffic, building a mailing list and making money.

Driving Traffic: Your members become your affiliates.

List Building: Your members go onto your list.

Making Money: Your members are paying for membership and/or upgrades.

And, since your members are paying, you're not just building a list, you are building a buyers list right off the bat!

What I wouldn't give for a souped up DeLorean right now!

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Mark Loftis

11 years ago

I've been in IM for almost 1 year now. Tried to do too much at once when starting out such as building a freebie list+affiliate marketing, Fiverr, CPA, etc. The things that make an online business work I've found out are the things we find ourselves putting off until "tomorrow". So if I were to start over, I would simply create a product, build relationships - build a buyer's list.

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Peter Lee

11 years ago

Thanks Mark for sharing. 1 year is probably the best time to see this thread and learn from all the successful members who are sharing their successes and failures here. Yes many of us pretty much fall into this category of doing too much and not focusing on the important ones that matter. But now we know which ones matter....

Originally Posted by Mark Loftis

I've been in IM for almost 1 year now. Tried to do too much at once when starting out such as building a freebie list+affiliate marketing, Fiverr, CPA, etc. The things that make an online business work I've found out are the things we find ourselves putting off until "tomorrow". So if I were to start over, I would simply create a product, build relationships - build a buyer's list.

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nik0

Banned 11 years ago

I agree completely with Alexis.

Most coaches only coach to make money cause they don't know how to do it otherwise so you'd learn inefficient ways at best.

I completely disagree with the user to seek places like WF to educate yourself, there's so much misinformation here, when I started with SEO I had to start all over after 6 months as it turned out I only learned doing things the wrong way.

Too much noobs around here.

What I would do instead:

1) Find people with a high post and thank you count that don't seem to directly sell anything like coaching or a WSO how to make $x in x days/months. Free guides from experts can be of huge value but once you see it leads to a more expensive guide dump them right away. Information in the shape of guides should be free, a solid marketer can make money without needing to charge for a guide and a lot more at that.

2) Take action, by doing, experience is the best teacher, no coach or guide ever replaces that.

3) Keep trying, even when you fail, everyone will succeed as long as you try enough, it's just a matter of time.

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The Niche Man

11 years ago

Originally Posted by nik0

What I would do instead:

1) Find people with a high post and thank you count.

I understand your point in general principle, but unfortunately assuming people with high post counts or even thank you's don't always equal making money. In many cases it just means they have time to post to forums and are in a "thank you for this post" clic.

Like anything, personal research, patience and experience is the best teacher.

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nik0

Banned 11 years ago

Originally Posted by The Niche Man

I understand your point in general principle, but unfortunately assuming people with high post counts or even thank you's don't always equal making money. In many cases it just means they have time to post to forums and are in a "thank you for this post" clic.

Like anything, personal research, patience and experience is the best teacher.

Yeah I know what you mean but it can help sometimes to read a bit more from certain posters as the rest is often totally clueless, especially in the SEO section.

On the other hand some with high post counts really take it to the extreme, obvious they are right in their perfectionism but for people that like to make a quick start it's often over rated.

Thanks

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AzzamS

11 years ago

I would built ecommerce sites with tangible products and make them into an authority. This is of course if I could start back again in say 2008 :p

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Peter Lee

11 years ago

Thanks Azzam. Authority sites are definitely better when you are thinking long term and they will stand better against all kinds of Google Algorithm changes. Some marketers I know maintain just one big site and does extremely well.

Originally Posted by AzzamS

I would built ecommerce sites with tangible products and make them into an authority. This is of course if I could start back again in say 2008 :p

Thanks Randall,
Now people who had thoughts about giving up their business selling ebooks will think twice after hearing this from you.

Originally Posted by Randall Magwood

I'd start in 9th grade and wouldn't play any sports or anything. My grades would suck cause i'd do just enough to "get by", but i'd be making more than my idiot teachers'.

What would i do though? Probably same thing i'm doing now. Selling ebooks. Love this business.

Thanks for sharing. I guess for those just starting out, promoting other affiliate products would come first before creating your own product.
Yes I am from Singapore too and doing IM full- time.

Originally Posted by Devilfish168

Up to individuals...?
both have their own pro and con ...

selling your own products can earn more.

so do Affiliate Marketing ....

by the way bro , noticed you from singapore ...

so you doing full time IM or just for " leisure "

Thanks

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enterprisemind

11 years ago

If I were starting over, I'd probably:

1. Find A Mentor
2. Pick A Marketing Approach
3. Learn How To Setup A Successful Business Model
4. Setup A Successful Business Model
5. Gather ALL Necessary Tools
6. Learn A Proven Strategy Within My Availability and Budget
7. Setup My VRE
8. Execute My Strategy
9. Keep 80% of Profits and Re-Invest 20%(into training, better tools, and paid advertising)

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Randall Magwood

11 years ago

I'd start in 9th grade and wouldn't play any sports or anything. My grades would suck cause i'd do just enough to "get by", but i'd be making more than my idiot teachers'.

What would i do though? Probably same thing i'm doing now. Selling ebooks. Love this business.

Thanks

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ProfitFromMyDomain

11 years ago

Get my mind off women and Invest money in content and time on marketing.

Oh! and research my resources (writers and templates). Spent money on Sh$$ I could have gotten cheaper.

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sirtiman

11 years ago

1. Get fast income to pay the bill.
2. Automated income sources for long term business
3. Outsource to save more time for my life.
4. Rinse & repeat.

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Peter Lee 11 years ago

Thanks Sirtiman,

Automation tools play an important part in how fast we can make money. And if there is proper outsourcing plan in place you are right, it can really take the business to another level.

Originally Posted by sirtiman

1. Get fast income to pay the bill.
2. Automated income sources for long term business
3. Outsource to save more time for my life.
4. Rinse & repeat.
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arindamb

11 years ago

When I started out I was into selling services and even though a lot has changed over the years, the service segment is still pretty much the same - tough, time consuming and highly profitable.

So, I'd probably be doing the same thing if I had to start over again.

Thanks
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agmccall 11 years ago

The first thing I would do is learn how to use a search button at the warrior forum and many other forums and websites on the net. Then I would search, and find out, that this and many questions like it are asked many times a month. I would then read these threads, learn from them, and then I would ask more detailed questions that would not be wasting my, or anyone else s time

al
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Peter Lee

11 years ago

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kilgore

11 years ago

At the risk of sounding pompous, I really wouldn't do much -- if anything -- different. This isn't because I haven't made or don't continue to make plenty of mistakes, but it seems to me that if I hadn't made the mistakes I made, then I would have just made different ones.

A huge part of any new business is making mistakes -- they key is what you learn from them and how you adjust. For this reason, I think it's so important to (a) set up your business initiatives as a series of experiments so that you actually can learn from your business and (b) make sure that the mistakes you make when you inevitably make them aren't too costly.

For the most part we've done both of those things fairly well from the beginning, so even if I sometimes smack myself over the head for some stupid decision we make, overall I'm very happy where we are right now.

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Peter Lee

11 years ago

Thanks for posting. Well someone once said "We learn from failure, not from success" so making mistakes is all part of the success equation.

Originally Posted by kilgore

At the risk of sounding pompous, I really wouldn't do much -- if anything -- different. This isn't because I haven't made or don't continue to make plenty of mistakes, but it seems to me that if I hadn't made the mistakes I made, then I would have just made different ones.

A huge part of any new business is making mistakes -- they key is what you learn from them and how you adjust. For this reason, I think it's so important to (a) set up your business initiatives as a series of experiments so that you actually can learn from your business and (b) make sure that the mistakes you make when you inevitably make them aren't too costly.

For the most part we've done both of those things fairly well from the beginning, so even if I sometimes smack myself over the head for some stupid decision we make, overall I'm very happy where we are right now.

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EPoltrack77

11 years ago

Pick a market and niche to get involved in for the next 2 to 3 years. Would mean doing research and deciding on whether to get started.

Once I made the DECISION I then will go to work. Id have my own product whether I created it myself or outsourced it but the product would be mine. Then I would put that online as well as create a couple of other pages such as a contact page and an affiliates pages. I would also add a third page or a wordpress blog to the domain and start blogging as much as possible but being consistent.

Of course I would spend half hour or so per day doing some backlinking to my pages. Again, Id start right there and slowly build up my organic traffic. The fourth page would be my squeeze page but made in a way that I will stay listed and even that url will get indexed.

I then of course would work on adding a email sequence to my autoresponder.

Everyday take action and do something and try and forget about everything else.

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Peter Lee

11 years ago

Thanks for sharing your feedback. It's good to focus on things you know that work for your business and therefore worth rinse and repeat to maintain the business.

Originally Posted by EPoltrack77

Pick a market and niche to get involved in for the next 2 to 3 years. Would mean doing research and deciding on whether to get started.

Once I made the DECISION I then will go to work. Id have my own product whether I created it myself or outsourced it but the product would be mine. Then I would put that online as well as create a couple of other pages such as a contact page and an affiliates pages. I would also add a third page or a wordpress blog to the domain and start blogging as much as possible but being consistent.

Of course I would spend half hour or so per day doing some backlinking to my pages. Again, Id start right there and slowly build up my organic traffic. The fourth page would be my squeeze page but made in a way that I will stay listed and even that url will get indexed.

I then of course would work on adding a email sequence to my autoresponder.

Everyday take action and do something and try and forget about everything else.

Thanks for putting your thoughts on the subject. Many people have repeated said that list building is one of the most essential things to start on day 1 of your business. Hopefully new marketers who come and read this thread will remember to do this. But I guess for those who have not started, it's never too late to start now.

Originally Posted by smoor2012

Alexa Smith makes a ton of sense every time I read one of her replies to these type questions.

I also know, as Alexa mentioned above, people need to start building their "list" from the very beginning. Most people are not advised enough to do this. Having your own list is how you build a business and keep it going.

Programs you join will sometimes fail. Your list will be there. Your email list is not static either. You have to work and tweak your campaigns regularly.

If you have your own list that you are providing value to regularly, then you can monetize that list over time, and hopefully keep people who join you over the long term.

Your list is the core of your online business. You offer yourself and your knowledge as you invest in training and make yourself valuable.

Being successful online is very realistic and very possible. It just isn't easy. Many quit because it isn't easy and there is no real blueprint.

You have to make your own decisions and constantly reevaluate your status. A boss doesn't tell you every move to make.

That's the whole idea, though. We don't want a boss. We want to be on our own. Which means that we simply work to improve ourselves and our decision making abilities.

Anybody reading this needs to understand that it's ok to fail. Don't let any one failure or string of failures make you quit. Don't get down about any of that. Just get back to work.

Ask questions in this forum, work on your list, use your own voice and be yourself.

Originally Posted by Kal Sallam

I would make sure I'm adding people to my list everyday.
Your list has to be GROWING every single day!

Happy New Years everyone.

Good for you. You won't go wrong here

Originally Posted by BionicMan40

I'm still a beginner but I would start on email marketing.

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oadvantage

11 years ago

If I had to do it all over again.

I would begin to build a list A LOT faster and then interact and help this list as much as possible.

Once you build a fan base, you will be able to help quite a few people. And as I mentioned in other posts, when you help people you will not have a problem with people joining up with your vision.

Something else I would concentrate on, if I had to do it all over again is to not go too broad in my niche selection. This applies to everything from Keyword selection to which niche to help solve their problems,

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Peter Lee

11 years ago

Thanks for your comment. Yes we can't seem to say enough of how important list building is for an online business. Good suggestion on not having too broad a niche because when that happens some people leave your blog and don't come back because they're not interested in some of the things you're writing about.

Originally Posted by oadvantage

If I had to do it all over again.

I would begin to build a list A LOT faster and then interact and help this list as much as possible.

Once you build a fan base, you will be able to help quite a few people. And as I mentioned in other posts, when you help people you will not have a problem with people joining up with your vision.

Something else I would concentrate on, if I had to do it all over again is to not go too broad in my niche selection. This applies to everything from Keyword selection to which niche to help solve their problems,

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smoor2012

11 years ago

Alexa Smith makes a ton of sense every time I read one of her replies to these type questions.

I also know, as Alexa mentioned above, people need to start building their "list" from the very beginning. Most people are not advised enough to do this. Having your own list is how you build a business and keep it going.

Programs you join will sometimes fail. Your list will be there. Your email list is not static either. You have to work and tweak your campaigns regularly.

If you have your own list that you are providing value to regularly, then you can monetize that list over time, and hopefully keep people who join you over the long term.

Your list is the core of your online business. You offer yourself and your knowledge as you invest in training and make yourself valuable.

Being successful online is very realistic and very possible. It just isn't easy. Many quit because it isn't easy and there is no real blueprint.

You have to make your own decisions and constantly reevaluate your status. A boss doesn't tell you every move to make.

That's the whole idea, though. We don't want a boss. We want to be on our own. Which means that we simply work to improve ourselves and our decision making abilities.

Anybody reading this needs to understand that it's ok to fail. Don't let any one failure or string of failures make you quit. Don't get down about any of that. Just get back to work.

Ask questions in this forum, work on your list, use your own voice and be yourself.

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hbennick

11 years ago

I would have started PL on Amazon 10 years ago, and I would probably have 1500 products by now!

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BionicMan40

11 years ago

I'm still a beginner but I would start on email marketing.

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Mark Singletary

11 years ago

Anyone with regrets, good news! You can start over NOW. You can make the changes you would've made before now. You have a new day and a new year. Why not build the business you should have before starting now?

Mark

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hardworker2013

11 years ago

A blog is very important especially if you are building an email list and you need to keep
the subscribers engaged with useful information. However if i was to start over i would
forget those crappy CPA email submits which pays you just $1. I think i wasted too much time
on that when i began in the game. At that time the competition was very stiff, although
there were persons who were spending lots of money on PPC etc and where making some good money. Any CPA offer that pays you less than $30 an offer is a waste of time nowadays in my
opinion,