| Set up an online payment processor
If you sell something that you own or have the rights to sell, then you need to have a Credit Card Payment Processor. Credit Card Payment Processors process credit card payments for you and sends you the proceeds on a fortnight basis via wire transfer to your local bank account.
Some reputable Credit Card Payment Processors you must check out are:
Marketing your online business
Now is the time to market to your target market.Each Internet Business Model is different. Therefore, you don’t market each and every one of them the same way. The truth is, not all Internet Business Models depend on a good search engine listing. In fact, some of them are not designed to be listed by search engines at all!
That is simply because each Internet Business Models have different objectives and set up. That also means they require different marketing strategies and tactics to make it work.
Not knowing the different Internet Marketing approaches that are available for different
Internet Business Models can be expensive. It will result in spending more time, money and effort than is necessary for promoting your Internet Business.
Here, I share with you seven main ways to generate traffic and get to your target market:
Tracking sales and visitors to your website
The purpose of the last step is to determine your conversion rate of visitors into customers. This can be easily done if your web host provides a site statistic.
A good conversion rate from a Killer Sales Letter is 1 – 3% (depending on the price of the product). In other words, for every 100 targeted prospects who visit your site, at least one of them will buy your product or pay access to your service. If the conversion rate is higher than 2%, then you are doing very, very well with your Internet Business!
On the other hand, if your sales letter’s conversion rate is less than 1%, then you will need to take quick action to make your site sell more effectively. You may have to do more compelling copy writing, change the layout of your web pages or simply get a better and more attention-grabbing headline (which is so vital that it can make or break a sale!).
Whatever you need to do, you have to increase your conversion rate from poor to excellent!
To track visitors, you can subscribe to counter services if your web-hosting doesn’t have a site statistic feature built in. To track sales, check your Credit Card Payment Processor.
You Can Still Make Money...
“What if I don’t have what it takes to create my own product? What if I can’t source for other people’s product to sell?” “Can I still make my money from the Internet?”
I heard you and the answer is a resounding YES. You can still have a business online even if you have NO products to sell. No one should question this possibility since people are doing this everyday. “But how do they do that?” you wonder. In the last chapter, you have found that the 10 steps have a lot to do with setting up a product-selling orientated business. In this chapter, you will find out how people can still make their money even without selling a product.
The concept
Imagine you own your daily newspaper. How do you earn a lot of money from it? Selling them to your readers for a dollar or less each isn’t going to profit you. So how are you going to profit from selling your daily newspaper? Selling advertisement spaces in your content?
Precisely!
Congratulate yourself if you’ve guessed the answer correctly. Give yourself a knock on the head if you have not! Okay, I was joking about that one but you can’t be serious ALL the time, can you? Anyway, we’ll move on with the subject.
Quite simply, the more people read your newspaper,the more money you can charge for your advertisements. The concept works the same for Internet Business.
However, when you operate an Internet Business, you have the following advantages that you won’t have if you run a conventional business:
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You don’t have to invest a lot of money and effort into your Internet Business as opposed to conventional business.
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You don’t need to deal with the delivery of your newspapers to reach to your readers on time every day.
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Publishing a newspaper is something that is beyond the reach of any individual together with the rewards that come with successful publication.
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The risk in conventional business is simply too high compared to Internet Business.
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