5 Step Formula – Make Money Being Online With Any Legitimate Home Based Business Opportunity

There is a five step formula to make money being online with any legitimate home based business opportunity. It doesn’t matter what your business is, if you are using the internet as your primary marketing medium this formula applies. The degree to which you succeed with your internet marketing business and how much income you earn will have a lot to do with whether or not you are able to attract prospects in your niche market.Step One: Traffic generation. In many traditional businesses the phrase “location, location, location” is famous. The Internet is no different. Without traffic, sales are impossible. The internet is overflowing with eager buyers for any business. And every piece of content you place online is a like a piece of real estate. The best part is you can pick and choose where your real estate is. In other words, even of you are brand new to online marketing, you can place your content right in front of existing traffic. Strategies to make money being online include social media marketing and web 2.0 sites like Twitter, Facebook, and YouTube. Interacting in forums that revolve around your target niche is another way to make money being online.Step Two: Conversion. Did you know that most work at home businesses fail miserably? Now that you have found a legitimate home based business opportunity, the question I have for you is are you going to treat it like a business? Businesses don’t succeed by chance, and when marketing online we can measure everything. Tracking our conversion rates is easy with free software like Google Analytics and it increases our ability to earn very high incomes substantially by turning marketing into a scientific process and eliminating the guessing game many home based business owners face. All conversion means is how many visitors take a specific action. It is a function, usually measured in percentages, of number of prospects taking a specific action divided by total traffic. Example: You have a web page where the main goal is to sell a low cost affiliate product to support you advertising efforts while identifying red hot prospects to build a relationship with long term. As a result of your activity on social media sites and Google AdWords campaigns your web page gets 100 visitors and 10 buy your low cost affiliate product. Your conversion rate for that page is 10%. From this place you can test a different page to increase conversions and because you are serious about making money being online, you tracked everything and you know exactly where the best traffic came from so you do more of that.Step Three: Content. The quality of your content plays a crucial role in how well you will be compensated for your time spent attempting to make money being online with a legitimate home based business opportunity. Content is articles, videos, blogposts, web pages, etc. People are tired of being sold to so I like to measure the quality of content by how useful it is toy target market. Foe example, when I am marketing my home based travel business product I try to generate content that not only engages my prospect but also enriches them, which establishes credibility for myself. When I am marketing my home based travel business opportunity I am sure to give away lucrative marketing secrets for free as this attracts potential partners to me before my competitors. Don’t be greedy or stingy with your prospects, education is the highest form of marketing, especially online.Step Four: Building a list. Most internet marketer and work at home entrepreneurs have figured this out by now, and it is also surprising how many are not doing it. Your first goal with all of your traffic should be to convert them into a subscriber to your list by submitting as little info as an email address in return for some kind of information. If they are buying from you their contact info has even more value. A simple tool called an autoresponder makes it easy to build relationships with and market to everybody on your list. Many that won’t buy from you at first will buy from you over and over if you continue to provide them with quality educational content via your autoresponder. Remember, these are people who expressed am interest on your niche so make you their go to expert.Step Five: Monetization. This is the simplest part of the formula. If you get really good at the other four steps of the formula, you will literally rake in cash every time you do nothing more than recommend or suggest a product or service to your list. As long as it is relevant and has a price attached to it, sales will occur. And if the value exceeds the expectations of your buyers, you will be able to sell to the same customers over and over again for years to come.So the formula is traffic + conversion + content + build a list + monetization. If you choose the right legitimate home based business opportunity and you get skilled at each part of this formula you will certainly be able to make money being online.

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