6 ‘Risk Free’ Steps To Starting A Home Based eBusiness
When you start a home based ebusiness selling your own products or services there are some challenges you will face. In the first instance, you have to create something that people will want to buy. You have to set up payment systems and distribution systems to get your products and services to the customer. You’ll also need some sort of returns policy and customer support for any product queries.
This is all possible of course, but when you’re new to the online business world, all these ecommerce issues can often be a barrier to actually getting started.
But there is another straightforward way to generate an online income and it’s used by many successful online entrepreneurs. It’s a risk free way of learning the ropes for running an internet home business and gauging the market before creating your own product.
Starting A Home Based eBusiness Without Your Own Products
It’s generally acknowledged that the easiest way of starting a home based ebusiness is to market other people’s products and services and get paid a commission when a sale is made. You find a product you like, promote it to others, and earn a piece of the profit for each sale that you make. This legitimate home business opportunity is called affiliate marketing. You’re called an affiliate because you’re associated with the product or service but you’re not directly part of the product creator’s business.
For instance, let’s say a friend asks you what your favorite book is on a particular subject. You have a book in mind that you know it can really help your friend out. If you were an affiliate with Amazon, you could send your friend an affiliate link that Amazon creates, and if your friend purchases that book or anything else on Amazon, you get a commission. That is really how simple affiliate marketing is. Recommend products, and if a sale is made on that product or anything else on that website, you get paid a commission.
6 Steps To Starting A Home Based eBusiness With Affiliate Marketing
1. Know Your Target Market
Whether you’re selling your own product or selling products as an affiliate you need to have a clearly defined target audience. Focus, focus, and then focus some more. For example, instead of trying to sell products into the massive “weight loss” market, try selling products that are created for “weight loss for single women over 40 years of age”. The idea here is to dig down to a small, niche market, rather than trying to attempt to break into a huge one.
2. Start With Products That Interest You
When you start a home based ebusiness as an affiliate marketer it’s much easier to manage and work on if you sell products or services that genuinely interest you. If you have an interest in what you’re promoting, you’ll have more in common with your target audience and be more prepared to put in the work to make your business successful. There are affiliate home based business opportunities in just about every market and niche you can imagine. So, if you do want to eventually create your own product, you can test the market first with similar affiliate products without having to risk time and money in producing something that may not sell.
3. Choose The Right Affiliate Programs
When you become an affiliate you are associating yourself with the product or service you will be selling. Everything the product owner does reflects back on you and your business. So you do want to choose an affiliate marketing program that suits you. The right affiliate program can really set on the right track and help you to establish your home based ebusiness. But the wrong affiliate program will waste both your time, your money and your online reputation.
There a several things to do before you choose a product to sell via an affiliate program. First, check how much commission you can earn and how you’ll get paid. Next, what support will you get from the product owner? What proof is there that the product actually sells? You want to work with affiliate companies that have a good reputation and that work diligently towards to your results and do a lot of the hard sales work for you.
FREE Checklist: Affiliate Marketing For Beginners
4. Build A Website
You don’t actually need your own website to be an affiliate marketer. There are people who
make a good living mainly using Facebook and other social media sites to drive traffic to an affiliate offer. However, if you’re serious about starting a home based ebusiness, you’ll want to have your own website to give your online venture a solid foundation. You don’t need to be a tech-wizard to set up a website these days. There are plenty of online platforms that can get your website online quickly and easily.
A website of your own will help to establish you as an authority in your chosen niche. Use it to keep your prospects’ best interests in mind. In the first instance, don’t worry about selling or making money. Just think about how you can help your readers or followers, and sales will take care of themselves. Remember to make sure that your website is mobile friendly. More people now surf the web on a mobile device than a desktop or laptop computer.
5. Drive Traffic To Your Website
Anything you do online is pretty much useless without traffic. You could have hundreds of top value products for sale and a website that looks great and is full of valuable content. But if you don’t have anyone visiting your website, you’re not going to have a very successful home based ebusiness.
Website traffic comes in two basic formats. There is website traffic that you can buy and website traffic that is free. A good strategy is to have a combination of both paid and free traffic strategies. But don’t get too obsessed with one or the other to the point that it destroys your bank account or your momentum for success.
6. Develop A List Prospective Customers
You’ve gone to a lot of effort to get a potential customer to your website. But if they don’t buy there and then (and they probably won’t), they’ll leave your website, perhaps never to return. You’ve then got to go through the whole process again to get them, or a similar prospect, to come back to your website.
But what if you could maintain contact with them? You could send them information about your products or services whenever you wanted. The best way to do this is via email. One of the key elements for all successful home based businesses is a list of prospective customers. This list is the names and email addresses of people who have voluntarily given you their permission to send them emails about your products and services. The majority of your sales will come from the people who are on your list. You don’t need a big list before you see any results. A small list can reap big rewards if you have the right source of prospects opting into your list. And that takes us back to point #1.
Free ‘Crash Course’ To Help You Start Your Own Home Based eBusiness
Remember that experience and time are going to give you results. The more time and effort you put into your home based ebusiness, the more success you will achieve. Real success comes from a having solid marketing plan, clear direction, training and support. Check out this completely risk-free eBusiness ‘Crash Course’. It reveals the “truth” about profiting online and why most people struggle to scale their results and make any real money. More importantly, you can learn how you can start using proven tactics to begin making profits online and scale your income far faster than you ever thought possible.