Creating an online business is definitely a serious commitment that any internet entrepreneurs must have. To ensure that any form of business ideas turn into a viable online business, there are essentially 5 phases that one must adhere to in building a lucrative business online.
The first stage, furthermore the utmost important one which many ignore, is conducting niche research. This is one necessary stage to ensure that a person research for a niche market instead of home into developing a seemingly hot product based on your instinct. Here, you are building a strong ground for your online business which is always in high demand. Finding a niche area that determines what to sell plus who to sell to is your greatest concern here. The steps to conducting a niche research can be summarised the following:
(1) Analyse the common searches (i. e. what is commonly typed into URL for searches? )
(2) Measure the supply and demand of the potential product
(3) Analyse competition for similar product
(4) Develop/Source product
After finding your niche area and develop a niche product which caters to a specific group, you are ready to procceed to stage 2 : Build a Sales Website. Having a web site is akin to a traditional business shop which displays your product. There is no salesperson to promote your product. Right now, it is your resposibility to come up a convincing salescopy that turn prospects into buyers.
If you cherished this article and you would like to collect more info regarding lucrative business in nigeria i implore you to visit our own webpage.
The steps in stage 2 to building a profitable business online are as follows:
(1) Compose a powerful salescopy for your products
(2) Find and Set Up Hosting and Domain Name
(3) Design Your Website which revolves around your salescopy
(4) Setting Up Opt-In forms to catch and build prospects list
(5) Create Payment mechanism to get ready intended for product launch
Having a product plus salescopy in hand, you must be capable to launch the products immediately. Instead, I suggest for a pre-launching testing which demands to
(1) install analytics to measure result
(2) start generating immediate traffic using PPC
(3) Always test, test and test to make sure optimal conversion
Don’t get too excited and skip this stage in building a lucrative online business!
You are looking forward to a full launch after stage three or more and now you can aggressively work on phase 4 – targeted traffic generation. Here, you are bent on driving targeted visitor to your site who remain a higher chance of opting in and finally become your customer. You are worried about quality traffic here. The following marketing strategies are recommended:
(1) PAY PER CLICK
(2) SE Marketing Campaign
(3) Articles Distribution
(4) Web 2. 0 — Blog, Video and Social Networking
The last stage talks about advanced tactics that can propel your online business to a greater height. You can:
(1) build an affiliate system recruiting super affiliates to promote your own products
(2) make use of Email marketing plus offering Newsletters
(3) Use Autoreponder technology to set a specific date to deliver email to your list
(4) make use of Direct to Desktop technology that gives real-time communication with your list
(5) Upsell and value adds