How To Start An Online Business From Home In 10 Steps

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hey guys Justin Bryan here from self-made success.com and in this video I’m gonna show you how to start an online business from home in 10 steps I’m gonna guide you in the right direction so you know which steps to take what order and how to get this thing going and I’m gonna give you a few resources that you can use to get you in the right direction so this is stuff that you can do on a tight budget you don’t need a lot of money you don’t need a staff this is all done from home all you need is a computer with internet okay so the first step is find something you’re good at or passionate about so you have to find one or the other because otherwise anything else will bore you eventually will lose your interest or will just make you want to quit because it’s frustrating you’re gonna have frustration starting a business there’s no doubt about it I went through it Bill Gates went through it all the entrepreneurs in the world went through frustrations bumps in the road obstacles that they had to overcome and if you don’t actually care about what you’re doing how you’re making money what industry you’re selling stuff in then you’re not gonna stick with it so there’s actually a great article on bustled calm I recommend you read if you’re kind of not sure what to even think about as far as how to get started finding what you’re good at or what you’re meant to do there’s a great article and bustled called nine ways to figure out what you’re meant to do so it talks about a great list of ways to just brainstorm what you like doing which you’re naturally good at what you what skills you’ve picked up what things you are passionate about things like that you list them you kind of brainstorm and then you get a good whisk together things that you could start a business in that without getting bored or out without wanting to quit because you know you’re good at them and/or you’re passionate about it so if you can get one of those two things or both if not if possible then you’re much less likely to quit and you’re more likely to stick with it so you can do things like make a list of what your natural abilities are make a list of what your natural interests are imagine yourself in 95 and during the end of your life what will you be proud of leaving behind think about things like that to help you brainstorm and write down ideas for what you could do number two after you’ve done that after you’ve gotten a list of things that you might start a business in that you might want to pursue you need to find a market you need to figure out if you can actually support your family with a business in the industry you’re interested in so one way to do this without spending a lot of money on say testing different products and paid advertising or something like that is you can use Google Trends google.com slash Trends that’s where you go looks kind of like this of course it’ll look different depending on the topics but it’s free and it allows you to figure out what people are interested in and what people are searching for it shows you the trends that are going up and down in different industries all you have to do is go up to the search bar here and type in your different industries your different things that you’re interested in you’re passionate about and you’re good at and then it’ll help you narrow down which ones are trending up which ones are trending down that way you can cross them off your list and you can go by process of elimination and kind of get closer to picking what kind of business you want to start so this will really help you just get a smaller list of things that you can make a business out of based off of trends that people are interested in and that people are getting less interested in something you shouldn’t start a business now in that industry so use Google Trends we’ll get some more more advanced tactics and future videos but right now try that to just figure out your market number three after you’ve done those things you need to determine how you will get paid of course you have to make money that’s the whole point of a business of course you want to change the world of course you want to help people but if you’re not able to keep the lights on if you’re not able to keep your business running it won’t matter you won’t you’ll fall apart and your business will fail so you need to be able to support your family family and everything so there are a lot of different ways to do this and I actually did a article on self-made success.com called 55 best internet business ideas so these ideas are all internet-based of course these are actual business ideas these aren’t just things where oh I can make a little few extra bucks online taking surveys or something no this is stuff you can actually build a full business that can support your family things that people have made six figures seven figures doing online with nothing but a computer things like blogging affiliate marketing web design consulting freelancing there’s all kinds of stuff on here that you can make a business out of and once you know your industry you can figure out kind of what you want to use online to actually make money but we’ll get into something in a minute about how you might need to start out doing one thing and then build up two things that will make you more money later on so first of all read this article write down the ones that appeal to you as far as how the business will run and how the business will make money and then we can move to the next step so after you’ve done all that you need to start reading everyday about your industry self-improvement and marketing those are the three things you have to get better at ideally read a chapter in each one every day if not if you don’t have enough time try at least one or two chapters a day in one of the three industries so it’s a couple places you can go to figure out which books to read but first of all you need to read in self-improvement because marketing won’t help you and knowing your industry won’t help you if your mind isn’t right if you don’t have the right habits the right work ethic the right willpower to get stuff done every day without letting yourself procrastinate then it won’t matter how smart you are so read in self-improvement it’ll help you get your mind right I’ll help you think like a billionaire marketing is something you need because you won’t be able to get customers without marketing and unless you can hire marketers or you partner with somebody who already knows marketing you’re gonna have to learn that yourself and of course your industry which is what you’re supposed to be an expert in because that’s how you’re going to sell your services your products and promote your brand is through that industry so you need to be an expert in your industry and you need to be pretty good and self-improvement and marketing so read all the time in those I have a book list on self-made success.com that I put together called 50 books every entrepreneur should read and these are some of the best books that you will notice most successful people have probably read so Think and Grow Rich all time favorite by many successful people the 4-hour workweek definitely one of my favorites and one of the favorites of many entrepreneurs of course we have more like psycho cybernetics the science of getting rich there’s a lot of different books in here that are bestsellers that have just really turned around people’s lives and help them become successful so read those and those will pretty much cover marketing and waste the basics of it and self-improvement so you’ll know how human psychology works you’ll know how to be more productive in less time you’ll know how to build a brand and things like that through reading these books another way to find books you need is going to amazon.com and searching in books and then going by categories and bestsellers so search your industry figure out okay say you want to start a business in cooking ok so how to build a cooking business how you know find books that talk about cooking how to be an expert in all forms of cooking and not just one and that can be very beneficial but as far as finding a list of books in your industry your specific industry Amazon is the place to go so once you’re reading and you have your industry you have your market and everything you need to start getting traffic okay even if you don’t have anything to sell yet you need to start getting traffic you need to start building your audience and in many cases it’s best to build your audience and then figure out what they want and then build a product or a service around what they want so start getting traffic and start just finding the people that you’re going to target in your industry so go very specific if possible you need to stay at more of a niche you need to be a specialist in what you’re doing before branching out and taking on the big Titans of your industry and more broad audiences but if you’re a specialist and you just get as much traffic as you can in a specific part of your niche instead of just the whole thing it’ll really help you start out faster but this chart right here is on digital marketer comm and it’s all about customer value optimization but the thing about this is and this is going to help me also explain the next point but what you need to do is figure out what kind of traffic you’re you need yet so the first thing you have to do when you’re building a business and you already know what you’re going to build is you have to find traffic through Facebook Ads Twitter ads you know YouTube ads you can start a YouTube channel you can do email marketing you can blog you can do social media you can do paid advertising on Google there’s a lot of different types of traffic sources and if you are on a really tight budget I recommend blogging podcast YouTube channel social media marketing if you have money to spend and you want instant results make sure you know you’re doing first first of all you need to actually have some kind of background in advertising or read some books in it or done some or gotten some experience in it before but if you want instant traffic without having to build up anything you would be better off doing say Facebook Ads for instance Facebook Ads I would recommend them over Google because Facebook ads are cheaper and they have more targeting options and Google does but you just have to figure out what kind of traffic plays to your strengths if you’re a good writer you want to do blogging if you’re if you like doing if you like talking if you like doing how-to stuff you can do YouTube videos if you like just talking but you don’t like necessarily getting in front of a camera or anything or you don’t know what kind of visuals you would use you might do a podcast there are some people that do very well with podcast traffic but you just have to figure out what kind of traffic you’re gonna do start off with one main one specialize in that and then you can branch off later on number six collect email so back to this chart here the whole point of getting traffic is to get them to your email list okay so you offer what we call a weed magnet and you’ll notice that right after the traffic so you offer weed magnet which is usually free or very low cost and people get that it’s something in exchange for their email instead of just asking for people’s email you need to give them something in exchange it’s a transaction so give them something of really high value that’s very related to your industry to gauge their interest and figure out which people are interested in taking the next step towards possibly becoming a customer so if they say yes then you have a tripwire offer this is just one great way to build an online business you don’t have to do it this way but this is one of the better more efficient ways of doing it through email marketing so you collect emails to get more traffic to your website but you also collect them to use for offers this is how you get offers in front of people it’s through email so you offer a tripwire which is say something around five seven dollars probably ten dollars or less and a tripwire is something that says hey I’m very interested and I’m very interested in this industry and I want to learn more about I want to take the next step so they become a customer so you turn them into a customer and that’s great so then you have a core product this might be something that’s twenty-five dollars a month this might be something that’s I would say fifty to two hundred dollars is a good core product cost and then you have a profit Maximizer if they buy those first two products my profit Maximizer would be something that’s hundreds of dollars or thousands of dollars to just get the most serious people in your industry and make you the most money but and then after they’ve done all that if they’ve bought all those products you create return path or if they’re not interested at all you create a return path and then they just start seeing your free content again and your your advertisements and things like that so that kind of sums up the process study this chart find it that customer value optimization search that in Google and digital marketers article with this in it should come up but this is kind of how you structure email marketing but the main thing you need to worry about right now is just finding a service like get response building it up going through the tutorial of how to set everything up and just start getting subscribers you need to start getting emails because emails are what allow you to market your stuff your market your product and things like that and keep people coming back to your brand so now you’re collecting emails you’re getting traffic and all that you need to start monetizing you need to start getting money from this traffic and you might have to start out doing something that’s not what you plan to do long term so you might there’s two different things I would recommend for people who have just started an online business and don’t have a product or a service ready yet and that is for one it google adsense google adsense allows you to make money from advertisements that you put on your website or your youtube channel and these advertisements when they are clicked you make a about about 50% of the cost of that ad that people pay for so advertisers just like commercials on television they’re paying for these ads to get business but these ads show up on say a television channel so the television channel gets money for having those ads on the sun on the television channel it’s the same thing online with a youtube channel or a blog you have these ads there and when people click on the ad so they watch them a certain amount of time you get paid so you don’t have to sell anything it’s completely free to do you just to get approved so that’s one way you can monetize and start you know making at least enough money to cover your costs or you can also do affiliate marketing which you would go to say clickbank.com which is one of the best affiliate marketplaces and you sell products based on your industry that are very related obviously you want these products to be high quality you want them to have good numbers and check the numbers go through the categories find what you’re looking for but it’s completely free to sign up a Clickbank and promote these products and you get commissions when people buy products through your Clickbank link so find things that have good sales pages that are very good unique products and if the sales page is good enough to where you thought about buying it yourself then it’s probably good enough to sell to your audience so then you would put this and say your emails and you would put this on your site to get paid some commissions every month to kind of cover your costs and make your first few dollars from your business so eight build credibility the next thing you need to do of course you should be doing this as much as you can is build your credibility and there’s a few different ways to do that I actually did an article called how to establish yourself as an authority figure online and it talks about you can go to self-made success.com to read it but it talks about things like certifications you can get certifications from different sites that I mentioned here like digital marketer Google being it’s anything that will get people to trust you and trust your authority so if people think you’re an amateur they’re not gonna even if you’re a good writer or good at getting traffic they’re not going to believe you and they’re not going to buy from you because they don’t trust you they don’t trust that you they you actually know what you’re talking about so not only do you need to be doing content like a blog or YouTube channel show that she knows you’re talking about but getting things like certifications having a degree if you have one getting awards say Jeff Bullas he’s a social media marketer he has a blog about that he talks about his awards and his Twitter bio so people instantly trust that he knows what he’s talking about and it gets him more sales so you can talk about your awards you can speak at universities even if you don’t have a big audience you can just tell people that you spoke at universities just doing things like that there’s also things like help a reporter out so reporters will do a piece on you you can do collaborations with other people who are already big shots in your industry so just read over this article and it will tell you all the best ways to establish your authority and get seen as an expert in your field so after people are starting to trust you more through your credibility you’re getting lots of traffic you’re getting emails which means people are interested and you’re able to start getting some money coming in from ads and affiliate links and things like that you need to set up and constantly study your analytics so analytics of course are the numbers they tell you what kind of demographic you’re attracting to your website to your ads to your channel they tell you how well your pages are converting all those types of things that are very important I didn’t get anywhere really with my business I am a very slow progress until I started paying more attention to Google Analytics in other forms of analytics that’s when my business personally started to take off so I am a living breathing example of why you need to pay attention to analytics and believe me it’s something you should do from day one so go to quick sprout comm and there’s a great article called six advanced google analytics tricks that all site owners now so after you’ve already gone to Google Analytics just search it in Google and it’ll show the page where you set it up it’ll help you set it up for your website it’s totally free and it’ll help you keep track of your traffic numbers and your conversions what’s working what’s not also you want to read this article and it will tell you some great trip tricks on how to figure out your conversions for product sales for affiliate marketing for your ads and all that kind of stuff so read this article and make sure you have analytics working whether you’re paying attention to YouTube analytics to Google Analytics for your website or analytics for your paid ads on Facebook for instance you need to be looking at the numbers now last but not least you need to constantly refine your process so you’re gonna have a daily routine you’ll under you’ll realize very quickly after reading a few personal development books and studying successful people that you have to have good habits to get anywhere your habits are everything what you do on a day to day basis is what determines your success so you need to constantly refine your process and work more efficiently by doing two things you need to focus on what are the two most important things I can do today to better my business and what can i aughtta mate so you the way you do this is you free up more time through automation and you eliminate things you don’t need to do that aren’t important for instance and the 4-hour workweek one of the main books I mentioned earlier on books that you should read he recommends eliminating things that don’t account for 80% of your income there’s an 8020 rule that says 20% of the tasks you do account for 80% of your results so find those face list all the things you’re working on figure out what are the two things I could do today to increase my income and better my business so you need to increase your income a little bit each day by doing things that directly affect your income and if you do that you won’t get stressed out you’ll be able to spend more time with your family while still working more efficiently so there’s a few tools I recommend for automation if you’re only going to be doing two main things per day one way you can get to that faster is by automating as much as you can so things like social media things like email marketing and things like that you can automate using tools like these and many of them have actual free versions of these tools so you can get started on a budget and then increase as you need but 15 tools to create automation in your small business it’s great article gives you all kinds of tools to kind of help you start automating some things that actually take up too much of your time another place you can get automation done is through up work up work is one of the best freelancing sites around they actually bought Elance so now they’re you know major players in the freelance world because they’re the owners of two of the biggest freelance websites and it’s full of people who specialize in marketing writing and all different things that can help you by doing things that you don’t want to do or that you just don’t have enough time to do for your business so as you make more money and as you get to where you’re not just relying on ads and affiliate income but you’re also selling products and services you can afford people to actually work for you as freelancers so give them things to do and automate as much as you can but keep going back to the two most important tasks okay you yourself should be doing two things every day for your business that are very important and the rest you should just either eliminate or automate if you keep doing this if you keep refining your process you keep figuring out the most important two things that you can do that will make the biggest impact on your income each day you will be more and more efficient and you will make more and more money so if you got something from this video if you feel like you learned a little bit about how to start a business from home please like and subscribe so I can make more videos like this maybe go a little more in-depth for you if you want to let me know about something you think I left out or you want to let me know what you thought about the video please let me know in the comments I’d love to hear from you and if you want to want to contact me directly if you want to get more in-depth blog posts on this stuff if you want tools and specific step-by-step courses on how to do these things how to build a business the right way you can go to self-made success.com other than that I hope you enjoyed the video and I hope you have a great day you

 

 

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