7 Strategies To Successfully Start An Online Business
When I checked recently there were 1,000,000 people searching for information on “How To Start A Business” this proves that there is a very strong demand for good information on how to get started.Here you will find the 7 strategies that would have made my startup much more successful and they are in order of importance:# 1; Selecting the right product to promote. Recognise that not every product or strategy is equal. My first advice was to promote what my hobby or interest was. Wrong!! There already was affiliate products successfully selling online anything I produced was probably not going to be able to compete with them. Also this would have cost me both time and money to create.# 2: Ask anyone what would make the most money something new or something already the best seller in the market. Most would choose to have something new, that was their exclusive product. Again this is wrong I have started traditional businesses from both positions and I can confirm that starting something completely new is the most difficult. Because you have to convince your customer that your new product can perform as you claim and very few people are prepared to be guinea-pigs.# 3: Choosing a product from a company that doesn’t provide after-care service. Or perhaps worse that the product isn’t complete and that the part to make it complete is very expensive. This gives the impression that you are a fraud to those you make sales to. And to succeed in business you must have a good trading reputation otherwise you cannot make repeat sales to your customers.# 4: As an affiliate you must consider the commission you are paid not all affiliate programs are equal. Some offer very small percentages and this means that you must sell large quantities to make even a modest income. Also you must know the cost of making the sale this is called R.O.I. (return on investment) and is one of the most important pieces of information you need to collect when making your choice of products.# 5: To build your business you must, must, collect the names and addresses of your purchasers. With some affiliate products this can prove difficult as the product owners want the names for their own business list of customers. Anyone can make a single sale it is those who collect a list of customers (I prefer to call them clients) who go on to develop a business by making repeat sales.# 6: It is common knowledge that in the period before Christmas shops will have their premises full of sparkling lights and decorations to make them look inviting. You must be aware of the importance of seasonal demands, holidays and holiday wear in the summer, ski equipment and clothes for the winter are just some of the easy to recognise demand periods. Good business practice is to keep reminding yourself of the other seasonal periods and to prepare in advance for them.# 7: When you are in business there is no one to tell you what to do or when to carry out your daily tasks. I know several good businesses that failed simply for not carrying out daily tasks such as book keeping and checking delivery notices. As an affiliate marketer you must be aware of hidden costs such as the percentage from each sale that ClickBank.com take. Most other merchant facilities have similar costs it is also prudent to understand that you will not receive your money immediately after each sale you make.This article is targeted at affiliate marketing as this is the lowest cost startup there is yet offers financial rewards far in excess of the traditional mom and pop stores on the main street.
