The reason I am posting it is; too many of the same questions day after day. This won't do anything to stop that, but, it may help one or two of you to GET GOING, and quit lollygagging around, fair enough?
Since you like step-by-step:
STEP ONE. Write out a five paragraph one page HOTSHEET, make each paragraph no more than four sentences long, on your topic.
It would look something like:
My hotsheet on cryptocurrency (chosen as a hot topic, what with Bit coin falling like a ton of bricks from the Empire State Bldg. today).
1st Paragraph: the idea. I will start a blog and website which deals with crypto currency. It will have daily content, observations and market updates.
2nd Paragraph: Why? Crypto is a very hot subject, and it has daily news and millions of people interested in it, and some who want to either invest or learn more. My reason is; it represents a huge market and several niches inside.
3rd Paragraph: I will register a name today, and get a web site, and host. This can be done for less than 100 dollars, so I will do this TODAY.
4th Paragraph: I will join all Facebook groups, and search for any and all forums or blogs which are already discussing Crypto, so as to get a feel for the current state of the TOPIC.
5th Paragraph: I expect this blog and website to generate at least 60 thousand US dollars by the end of the year. This will happen as I grow readers and make offers to these people interested in Crypto.
END OF STEP ONE. Simple enough. But how many of you have even a simple one page writtten plan or concept down? I know from being here for the last 18 years, very dang few.
STEP TWO: Expand each paragraph into a one page more detailed idea. So you will have five pages, with a more fully fleshed out plan. Time and space do not allow an example of each, but here are some questions to answer.
1st paragraph: I will do a comparison of web hosts and find one and make a decision. I want to use ____________ (Wordpress, GatorAde, or whatever) and I need to have _______ (blog, forum, Cpanel).
The idea is to make you THINK about what you want to do, what you need to do it, and how much it will cost to get started, so, YOU CAN START. TODAY!!
After you have a 5 page overview, call it a White Paper on your subject. Ask yourself what you have learned, and what other people want to know.
You will then expand this 5 pages, by having 2 pages for each one, and very shortly you'll have a 10 page report, which makes an excellent give away, email getting, front end device to help get you started.
This whole thing, is maybe 3 days of very part time (2 hours a day) activity.
STEP THREE. You have a fully fleshed out IDEA. You may have chosen a web host, and maybe you've written the 5 pages out. But before you pull the trigger, take time to look over your plan. NOW is the time to get feedback, ask questions of yourself, or of a group of people within your target market. Let WHO, WHAT, WHEN, WHERE AND WHY be your best friends at this point.
You may see some flaws in your thinking, the market, or uncover your real reason for wanting to do this, and THEN, YOU either pull the trigger and start, or you go back to the one page hotsheet and ask yourself, what do you really want.
I will follow this up, with a detailed post about creating an AUTOMATIC PRODUCT VENDING SITE, which costs almost nothing and could be the beginning building block or your future IM ventures.
My OPINION; most of you over complicate it, waste time chasing shiny objects, don't know what you want, spin your wheels and get stuck in the mud of chasing your tail in circles. Why? There is a better, and simpler way. This post is the start of that better way.
An AUTOMATIC PRODUCT VENDING SITE, is as close as a newbie can get to passive income, but you need to work on the details. What is an Automatic Product Vending site? It is an idea coined by Bill Myers about 20 years ago,
it is where you have a simple, one page website with something for sale. Your prospect puts money in, pushes a button, out comes the product. Millions of dollars are made with these simple little vending businesses.
But, first, as with any venture, you have to know what you want and why? Do you have a current one page PLAN? If not, you better go to STEP ONE, right now, eh?