There are thousands of tips on the Internet on how to start your online business for some cool cash and here in this post, I’d like to share just three easy steps you can apply to your business today.
Secret #1: Change Your Focus
You need to change your focus from active income to passive income. It’s easier said than done. After all you’re used to active income. You’ve probably been active income earner for your entire working life. It can be difficult to break that pattern but I suggest you adopt an unorthodox strategy for doing it…
Learn to be intentionally lazy
Strange, right? But effective. I’m sure people who know me have noticed some degree of “laziness” around me and have been wondering “what’s this guy up to” that’s part of changing my focus!
I don’t mean that you learn to lie around the house and be good for nothing. What I mean is that you need to look at income opportunities with a particular mindset. Instead of just thinking about how you can fit that income opportunity into your schedules, or perhaps boot something else out so it’ll fit, go at it differently. Think something like this:
What is the easiest, fastest way I can get this set up and bringing in positive cash flow?
If you can save time by hiring somebody to do something you’re not good at (such as setting up a website), do it. Everything starts with focusing on the right thing – generating cash flow quickly. There’s no such thing as “get rich quick” but “generate cash flow fast” is truly a key to your success.
Secrets #2: Sell Quality Only
When you are starting out as an internet marketer, it’s easy to get distracted by the dollar sign. That’s especially true when you see the amazing potential of passive income; it can get you so excited that you end up shouting yourself in the foot. I’ve been there so I’m talking out of experience.
There’s a saying that “the money is in the list”. This is a cute way of saying your mailing list is a tool for making money every month. It may seem outrageous to say right now, especially if you’re starting from the scratch, but it isn’t all that difficult to build a large mailing list. And once you have it, the math can be dazzling. A good rule of thumb is that every subscriber on your list means about one dollar per month in affiliate income (possibly more if you sell your own products to your list). Do you see the potential?
I bet even a list of 1,000 people could change your life. Making an extra $1,000 a month might seem like a dream right now…but a list of 1,000 can easily translate into that.
A list of 2,500 or more might replace your day job.
A list of 10,000 or more can easily put you in the $10000 monthly income range, or beyond.
Now once you have this magic list (it’s not really magic but it sure can feel that way), what do you suppose the HUGE temptation is? You’ll find yourself wanting to send an email just about every day. It’s natural to ask…
“if you can make hundreds of thousands by sending an email, why not send one every day and make millions every year in passive income?!”
The short answer is that sending an email every day will ruin your chances of making that much money. That’s true for two reasons. The first is that your list will get tired of being sold to that often. This is called “burning your list”. It’s almost like your subscriber get blind to your promotions. They start to see you as a fake…which will kill your business.
But the second reason is what will kill your business at lightning speed. If you promote too often, you’ll put yourself under extreme pressure to find stuff to promote. Almost every single time somebody tries to do that, he’ll end up promoting junk. Oh sure, there will be good products in there, but the promotion schedule will be.
Good product… junk…junk…junk… good product… junk… junk… junk… good product… junk… junk… junk…. You get the point?
Pretty soon the people on your list won’t know whether you’re recommending junk or something worthwhile. You would have destroyed your credibility. Your recommendations won’t mean anything anymore. The easy way to avoid promoting too much and promoting junk is to promote ONLY quality products. Refuse to promote products that aren’t worth telling your subscribers about, whether it’s your products or somebody else’s.
Secrets #3: Know the Name of the Game
The single biggest key to internet business success is understanding the name of the game when it comes to selling online. There are two factors that make all the difference:
All internet business boils down to those two things.
Traffic means the visitors to your website. It’s like the foot traffic you’d get in bricks and mortar store.
Conversion means the percentage of those visitors who end up taking the action you want them to take, which could be signing up for your email list, buying a product etc.
The key to internet business success is getting highly targeted traffic to buy what you are selling, whether that’s your product or somebody else’s.
So the key is to get lots of highly targeted traffic, and then work on converting those visitors to buyers.
There’s no magic to making passive income on the internet. There’s no button to press that’ll dump money on your lap. You cannot learn to swim from textbook. You cannot learn business from a textbook or from business school. Nothing compares with frontline experience.
The three secrets I’ve shared with you in this seminar won’t make you a millionaire by next weekend, but if you learn nothing else from what I’m saying, make sure you pick this…
My few years of experience and proven methods of doing business online have taught me that the three easy steps that I’ve just told you are 99% of the battle.
I’ve made everything so simple and clear that even the novice who has never heard of internet marketing can comprehend and get things right the first time so that I save you years of wasted time and frustration.
Now that you know what passive income is and the three steps on How to Start Your Online Business for Huge Returns, you’re perfectly positioned to blast through the barriers I’ve seen most people struggle with when they first get into the internet business.
Feel free to leave your questions and comments below if anything is unclear to you. I’ll be very much available to respond to everyone of them.