Steps To Building A Long Term Viable Business Online

by entrepreneurjay 12 replies
Steps To Building A Long Term Viable Business Online


After 5 years of affiliate marketing, blogging, and internet marketing. I can safely tell you what works? And what does not work? If your trying to earn a nice passive income online that may someday turn into a full time income online. With a little determination, ability to learn, and a strong work ethic. You can start to generate a lot of money online that can turn into a great passive income for years to come.

What I Know Works In Building Your Online Business, Generating Traffic, And Makes Me Money?


1. Building an email list – This is the single most important activity you can be engaged in ( Listbuilding ) The money is in the list. Once you build up an email list of about 500 then you can start swapping with other internet marketers. The first 500 – 1, 000 is always the hardest after that your list will grow a lot faster. A couple cool adswap sites to build up your list faster are http://www.safeswaps.com and UltraSwaps which is the new kid on the block, but it is looking very top notch you can do everything on this site from Facebook swaps, to Twitter swaps, to adswaps, and more.

2. Traffic equals more money online, and more ways to generate a passive income online. If your selling residual income type products. What I mean by residual income products is if your an affiliate marketer promoting products that pay you on a monthly basis – as long as that customer stays a member of that particular product or service. Examples are email memberships this is my best investment my email list and I will keep paying on a monthly basis with no questions asked. Why? Because it generates me a nice passive income.
  • Webhosting companies not all but some will pay you on a monthly basis for referring paying members to their site.
  • Most major email marketing sites will pay you if you sign up as an affiliate of theirs on a monthly basis for referring members to their service. Examples are Aweber, and Getresponse for starters.
  • Make money online clubs - these clubs teach beginners basically how to start and run a profitable online business. There is a lot of garbage out there so be on guard before jumping on the first make money online program that promises you the stars and delivers garbage.
  • Any kind of paid Membership sites where the customer gets charged on a monthly basis to be a member. You can promote these type of membership sites as an affiliate by referring customers to the membership site of your choice and they will pay you a commission monthly as long as that customer stays a member. The more customers you refer, the more passive income you generate. It is really that simple.
How Do I Generate Visitors To My Blog, And Websites?

1. Video marketing – Youtube for example as well as the other various video submission websites.
2. Twitter @ Facebook – Social marketing is gaining a lot of steam if you do not have a Facebook fanpage why not start one about your new blog, or website? Start a Twitter account and start following people in your blog, or websites niche. The majority of these people will follow you back increasing your Twitter followers. Once you get a few followers start tweeting about your newest blog posts or affiliate offers for some free targeted traffic.
3. Internet marketing forums - http://www.Warriorforum.com for example and http://www.myhonestworkfromhomesuccess.com are two of my favorite forums that I am active in. Your first step would be too make a signature link in your control panel that links to your website, or blog. The more active you are in the forum the more publicity, and clicks you will get to your website, or blog. This can translate into more money in your pockets.
4. Blog Commenting - I make intelligent comments on other blogs in my niche with a link back to my site. This accomplishes two things. Blog commenting will give you a backlink which is good for SEO, and it will give you some nice traffic to your blog, or website. It is a very effective free technique. For more money, and more traffic, comment on blogs that are very popular, and have a lot of traffic.
*********** Make sure you are building an email list on your blog, or website so you can start turning your casual visitors into paying customers at some point. Building an email list is crucial if you want to generate a steady passive income from your internet marketing efforts **************
5. SEO – It is crucial you learn at least basic seo skills so you can start getting free traffic from the major search engines like Google, Yahoo, and Bing. Free targeted traffic from the search engines is the best kind of traffic their is online. Think of it like this. Internet marketers spend billions of dollars yearly for paid sponsored ads on Google. Why spend the big bucks to advertise your website, or blog when you can get it for free from Google, Yahoo, and Bing? This is kind of a no- brainer why you need to learn how to rank highly in the search engines.
6. Adswaps - This is a great way to build up your email list as I mentioned earlier. Adswaps can make you a lot of money trust me. They will bring you tons of free visitors to your landing page, website, or blog. Wherever you decide to send them to sign up for your free offer so you can start building subscribers who are interested in what you have to offer them. This is some of the best kind of traffic that you can get online period! Remember some of your signups will buy from you, and you will see some money going into your affiliate accounts, or paypal account. Adswaps are a great way to build up your email list and generate you a nice passive income. The bigger your list the more money you will make.


Feel free to add to this list everyone!
#main internet marketing discussion forum #building #business #long #online #steps #term #viable
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  • Profile picture of the author jbsmith
    Great post - but isn't there one GIANT step before you put these steps into practice?

    You and I probably take it for granted given that we are already active in our given markets - but for people just getting started, it is SO important to their success.

    Step 1. Know Your Business, Know Your Market! In other words, you need to have a crystal clear picture of what market you are targeting, what problem or desire you are filling and what value you are delivering in exchange for action (signing up to your list, following you on social networks, reading your blog, and eventually -- buying products you recommend)

    So many people I work with have gone right to Steps2-4 without having a clearly defined market or clearly defined business model...recipe for failure every time.

    Jeff
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  • Profile picture of the author JamesGw
    It's definitely important to understand the market in which you're selling. Being able to be in the same shoes as your customer is great.

    For example, I sell a lot of MMA-related products on my own. When selecting products, there's a lot of information I want that isn't readily available on other sites. I make sure it is on mine.
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  • Profile picture of the author HammerFist
    Understanding your market and building expertise within the market are key. If you don't have any expertise to share in your market, then why are people going to sign up for your list?

    It's not very hard to build up expertise - just read some books, journal articles, and top flight blogs on the subject with an analytical eye and you'll be able to build up your expertise.

    Share that and use the tactics from the OP and you can start to build something.
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  • Profile picture of the author williamrs
    Amazing post, buddy!

    I agree with pretty much everything that you said, specially with the part on how important it is to build a list.

    Having a solid business based on building a relationship with a list of subscribers is the best way to make money online in any niche.

    Sometimes I see threads of people asking things like "is it really possible to make $1 per month per subscriber?", and my answer is "Yes, definetely!". It's just the beginning of the month and I have already made $3+ per subscriber using my IM list by sending only 2 messages! So this shows how much money anyone can make with a good 3k+ list.


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  • Profile picture of the author traianturcu
    Thanks for taking the time to write this awesome post! I am sure a lot of people around here will find it very very useful!

    Would you like to share with us how much you make online on a monthly basis?
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  • Profile picture of the author drewcur02
    10 Steps to Building a Viable Business:

    1. Create great work
    2. Get to know your market
    3. Get to know your marketplace
    4. Develop a simple business plan
    5. Create opportunities for people to view your work - Create Fans!
    6. Make it easy for your potential fans to “Connect” with your work, and with you.
    7. Wait for “Connections” to turn into actual customers over time
    8. Nurture your customers.
    9. Review your business plan
    10. Go back to step 1 and repeat all 10 steps again.
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  • Hey there fellow IM'ers,

    I would say that the most important thing to do is stick with one money making method until you have mastered it. Most people give up or try something new because they don't put in enough work and therefore make no money. Shiny object syndrome.

    The number one thing to ensure long term success in IM is to BUILD YOUR EMAIL LIST. Sign up for Aweber or GetResponse. You will also need a domain and hosting through HostGator.

    I would mix list building and affiliate marketing to make money long term because it has a low start up cost and requires minimal writing and tech skills.

    Peace and Love,

    Anthony Spencer
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    90% Of IM'ers Fail. Why? 90% Of Im'ers Don't Build A Good Email List. Learn the Golden Rule of Internet Marketing And Join The Successful 10%.
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  • Profile picture of the author Avery Berman
    A good, well put together post for beginners or people who have lost their way. Thanks for taking the time to bring value to the community.
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  • Profile picture of the author niba78
    In this day and age, it is a quite a task to think of something that would be a good online business, that being the case for selling merchandise and providing services.

    We are living in such a fast phase world the continually change and these tips may be really useful if you have a great product. Take web hosting for example. There was the time when it required much more resources to accomplish but now with cloud hosting, you can even host several sites on a single machine.
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    • Profile picture of the author Alan Ashwood
      I felt guilty leaving a simple Thanks.

      Your post is very clear and concise. Personally I have been experiencing difficulty with traffic.

      Your breakdown of Traffic Generation methods has helped clarify the parts I was missing, although I'm not entirely sure how to set up Adswaps.

      Thanks again for you hard work - much appreciated.

      Alan
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      Now where did I put that pencil?

      Time for a cuppa.
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  • Profile picture of the author Shakd
    Quality Post for sure! Thank you for that, I'm a semi-new marketer and enjoy all these kinds of posts from profitable people.

    Cheers
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    New Internet Marketer that has an entry level service for back linking. Check out the services I offer to get quality targeted website traffic. 1. Spin your Article 2. Submit through UAW 3. Submit to Blog-blueprint

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