An Internet Business Model Question

Understanding conversion, sales funnels and niche selection.

I'd say it's vital to know your numbers, specifically visitor value.

That way, you'll know if you're making a profit per visitor or on the way to losing your shirt.

Google it.

Cheers,

Neil

Hi.

I think you know this - but there are no fixed answers that apply to everyone for this.

It depends on you and your business model.

I've always thought that a working understanding of html is important so that you don't need someone else to set up a site, create links etc.

An understanding of SEO is useful because it's often a vital part of making a website generate revenue.

But with that said - you can get both of those areas done by other people.

What really makes the difference in whether or not you're ultimately successful is the effectiveness of your business plan and your dedication to taking consistent focused action.

The best plan in the world is useless if you're lazy and unfocused.

The worst plan can be made to work with the application of regular focused action.

So - the question isn't what things can you get others to do - it's what will YOU do.

At the very least you need to understand what matters - customers!!

How to find what people want and put it in front of them are more important than almost anything else.

Andy

I personally like to understand everything. You don't want to get caught up in analysis paralysis, but then again, you don't want to get stuck making stupid mistakes.

Before I outsource something, I usually always do it and master it myself. That way I know if the worker is doing a good job.

you need to get to grips with the whole sales funnel and conversion concept, then integrate that into your model you will find all the anses you will ever need

copywriting, finding "targeted" traffic, networking with bloggers and webmasters in your niche and most importantly the math

also, another good way to do this is to google your competition and contact them and see if they'll answer some questions for you.

Being of value to someone else, which comes from having an understanding (knowledge) of a problem and having the solution to the problem. That's why the ongoing process of learning about the numerous aspects of building your business are crucially important.

Great input/ suggestions... Duly noted!