Internet marketing seminars have been making their rounds in Singapore since 2005. Many forked out a few thousands dollars just to attend these events. At the events, many attendees invest more money in continuing education, hoping to duplicate the success of the speakers on stage.
Work at home, its seems it the holy grail of financial freedom for these people caught by the Internet bug.
Here is a 30 Steps Online Business plan, which may help to create a passive online income for many. It may be millions of dollars but 2 to 3 thousands Singapore dollars in passive income is not to remote a possibility. These steps can be completed one step a day, one step per hour or one step per week, or one step per month, it is important to not give up. By the way if you want to take one step a year, you are not ready in other areas of your life yet to start this online venture.
Step 1
This is the day after the seminar. Take a good rest, since seminars are 14 hours day event.
You will be overwhelmed with information so it is important you don’t rush.
Step2
Take a deep breath and get ready for the Big Ride. Say to yourself:
“Yes I am READY. I WILL make it no matter what it takes, I KNOW that I can do EVERYTHING OTHERS are doing!”
Step3
Get familiar with the Term that is commonly used on the Internet.
Step 4
Brainstorm products ideas. What product could you develops to sell on the Internet?
Some questions to ask:
- What are you doing that could be the basis of your product?
- What are you good at? What is your expertise?
- What are your close family or friends good at?
Step5
Brainstorming for more product ideas.
- What is popular now?
- What do you think will be popular very soon?
The important to know is that you don’t have to develop your product yourself. You can hire people to create the product for you.
Step 6
Do your market research. Explore the potential of the products you intend to develop.
- How many people are searching for topics, which are related to your products?
- How much competition does the market have for the product?
- How many websites are offering free content?
- How many web sites are selling similar products?
- How many web sites are bidding at Pay Per Click Search Engines?
You can use the following online resources for research:
- Google.com
- Overture.com
- Alexa.com
- Inventory.overture.com
Points to note when doing your market research:
- If there are not enough people who are searching for the product that you have in mind, then try to pick a wider topic
- If there is too much competition in the market place, try to narrow down your topic to a smaller niche in that market
- Go back to the previous steps for more products ideas if the potential of the product does not meet your expectations.
By now you should have the product/service determined and you know there is potential market for it for you to make some money. Congratulations! Let’s make it happen.
Step 7
Develop the product. This will be an information product as information products are always in great demand and usually do not get outdated. An information product can be an eBook, an audio recording, a video recording, a software program or even a password protected website that delivers information and related content.
Remember you can hire someone to develop the product. Look for these people online.
While the product is being developed, lets move one and put everything else in place.
Step 8
Register a domain name. Your domain name can be:
- Your personal name
- Your business name
- The name of your product/service
- Keywords related to your niche market
- Some words. Phrases (you can even make them up) that are short and sweet
Things to note:
Although it wont make or break your online business, it helps if you find a domain name that is sound and easy to remember so people can come back to your web site by simply memorizing your domain name
- Some words, phrases (even those you make up) that are short and sweet could really be good domain names. Look at Google, Yahoo, Ebay, and Sony…etc.
- I suggest that you have a main domain name as your online protocol while using a separate domain name for each product/service you are going to sell.
- Having a protocol domain name helps with your Google Page Ranking and Alexa Rating and for up selling to visitors who already purchased one of your products.
- Sending targeted visitors to a focused website that only sells ONE product is also important as too many offers will simply confuse the visitors. This is why you need one domain name for each product/service that you sell.
Step 9
Find a hosting company to place your website. Your website is your online shop front. A reliable hosting company is critical to your success. There are many hosting options available. Speak to someone who has already host their web site to learn from their experience.
Step 10
Configure your website, email account, sub domains etc
Once again you don’t need to do this yourself, you can hire someone to do it for you.
If you choose to do it yourself there are many training videos available online to show how to do it. Good web hosting companies usually provides these training videos, usually in the cPanel user interface.
So in 10 steps you already have an online store ready for making money. All these Steps can be completed in the comfort of your home with a broadband connection and a pc or notebook or laptop computer. Work at home in the Internet age is far easier than our early Singaporeans would have envisioned.
Your online journey to success will continue with the remaining 20 steps. Watch out for it in the next post.
