Setting Up a Home Based Internet Business
Setting up home based business opportunities is not that difficult now because of the convenience and power of the internet. It is much less difficult now to set up a new business online business compared to the days when individuals had to make use of the telephone or going from house to house knocking on doors trying to find prospective customers.
Online business ideas may be a ‘no go’ for some individuals as they might believe that they do not have the technological abilities or any understanding of how internet business essentially works. These feelings are not unusual, but there are no regulations and restrictions as to who can or cannot set up and online business from home. There is no age barrier, or level of education required, it does not matter about your current internet practical experience or even that you do not have any products to sell.
All of the factors for not setting up a home based business on the internet can be readily overcome if you are prepared to learn and have the determination to build a sustainable and long term business.
Why set up a Home Based Internet Business?
Everybody has a various reasons why they want to set up a home based internet business. In this present-day economy many people need some extra income to help pay for the escalating cost of living as regular salaries and earnings do not go up or even are lowered. Other people may have be forced to leave their jobs and now need to bring in income to support themselves and their families.
But why set up a new business on the internet?
It is a well know fact that more and more people are using the internet to buy products and services. If you have a home based internet business that can engage with this online-buyer market you have a world wide target audience, rather than just a local or passing trade crowd that you get with a conventional ‘bricks and mortar business’.
Also, when you are starting a home based internet business, your set up expenses are significantly less than that of a traditional offline business. You will have a component of business costs for your online business, but they will not be anything like the regular costs of premises, staff, utilities, equipment and infrastructure that you will have with a actual physical building.
Five components for a successful home based internet business
A Solid Online Business Model
Your home based internet business should have three key components. Firstly, products that provide you with continuing income, where you sell it once and you get paid every month. Second, products and services that you sell on behalf of a product merchant who will pay you a commission, also known as affiliate marketing. Third, high ticket items that means you earn in access of $1000 per sale.
A Customer Building Strategy
The best work from home online business model will build a list of prospective customer’s emails with the help of autorepsonder software. The autoreponder will enable you to build a relationship with your customers.. Also you need to have something that you can give away in exchange for a prospective prospect’s email address.
A Marketing Funnel
A marketing funnel is where you provide your potential customers something of value to them for free (like a video or a free report) in return for their email address. Once the potential customer is in your marketing funnel they go through as series of stages towards the buying process.
Sourcing Free and Paid Website Traffic
When you set up a home based internet business you need to be able to drive traffic to your website. If you have no traffic you have no business.
Education and Training
By learning from those who have gone before you it will save you many hours of frustration with your home based internet business and will help you to avoid wasting money on online marketing strategies that do not work.
SETTING UP A home based internet business
When you are setting up an home based internet business you need a solid business model, a clear direction, training and determination. The Six Figure Mentors provides one of the best online business opportunities, including:
- Powerful potential money generating income streams with quality affiliate products, residual income streams, and high ticket items.
- Simple, step-by-step instructions showing you exactly how to start your own internet home business.
- A state of the-art marketing system which includes your own website, blogging platform, a pre-written email series, practical videos and reports, sales funnels and even a call centre to close sales for you.
- Cutting edge marketing and online business training plus access to an interactive global community where there are always other members online to help you with your home based online business ideas.
To find out more about setting up a home based internet business,check out this free 7 day marketing bootcamp.