Let's Talk - Where Are You With Your Online Business?

[Lynn Terry]

Hi Ellis,

If you'd like for us to take a look and help you determine what the problem is with conversions, just start a new thread here in the main forum and we'll help you out!

[Lynn Terry]

Ellis,

I moved your thread here:
http://www.selfstartersweeklytips.co...ead.php?t=4234

[Clintano]

Thanks Lynn,

I will look at that article about finding a niche. What did you mean by "That's in direct contrast to starting a long-term profitable online business that you'll enjoy running." By long term, do you mean a business that has inventory, clients, and billing and stuff like that?

Clint

[Lynn Terry]

I will look at that article about finding a niche. What did you mean by "That's in direct contrast to starting a long-term profitable online business that you'll enjoy running." By long term, do you mean a business that has inventory, clients, and billing and stuff like that?

No - I was referring to the difference between "making money online" and "starting an online business". A lot of people don't really see the difference at first... but there are a lot of ways to just make money on the internet.

Most of them are short-term shots or hot markets, or work due to trends that rise and fall. Google Cash method of promoting affiliate links on Adwords for example - worked great until Google changed their affiliate policy lol.

But that's a way to make money - not a business model. Choosing a niche and becoming a market leader in that niche is a different story...

[Clintano]

Oh I totally understand that... You are insightful and very in-tuned to what the internet has to offer, I appreciate you so much Lynn. Thanks a million, Clint

[kdbbiz]

wow! this was a long read with some great advice and tips. I have been doing various things online for approximately six years. It wasn't until almost 3 years ago when I started in the service business that I actually started to see a regular income come in.

I have still always longed to make a residual income every month from affiliate commissions. I have made a few hundred dollars over the years but not enough to consider myself a successful marketer.

I have recently finished reading "My 15K Experiment" written by a warrior, and "Profit 13 Ways" by Lee McIntyre. I am really encouraged for the first time in a long time. So I have decided to follow along and write/submit one article a day to see if I can make money as they did.

I have a bunch of reports I would like to get selling but am finding myself unable to market them all. So, following Lynn's advice of focusing on one thing and going from start to profit, I am going to concentrate my marketing efforts on my first book and worry about the other ones later.

If I can get this working, along with my part time VA work I get now, I should be able to achieve my goal of $3200 a month online.

That is the plan for 2010.

[Lynn Terry]

That's a great plan, Melanie. An info product is one source of revenue that you can build on. You'll have a list of buyers, an opportunity to make recommendations and/or an upsell, etc.

You can also weave affiliate marketing into your VA biz by recommending resources to your clients, and having guides and outlines for them. See: How to Create Passive Income (in a service-based business)

[kdbbiz]

Thanks again Lynn for some great advice. I'm going now to read over your blog post and will see what I can get going on. I realized that in the few months that I have been away from this forum, my momentum and motivation haven't been quite as strong as when I was coming on here and participating with others on a regular basis.

[danwangert]

Hello Lynn,

I think its great you have this forum where newbies and veterans and people who are still in the experimental stage can get together, share ideas, do some brainstorming, all in the name of internet marketing and the like.

I am in the process of promoting some stuff but not until all other plans are ready. Right now, I feel like I am a sponge, reading, reading, reading, absorbing, gathering all sorts of info, learning from past mistakes, learning from other people's experiences, it's great! I am ready for MORE.

Dan here ;-)

[Lynn Terry]

Welcome Dan

Learning is GREAT. I learn best by getting my hands dirty, so do a little testing and experimenting with the things you're learning as you go - it'll make a world of difference!