In this article, I will show you in 7 simple steps How to Start Your Online Business with No Money In 7 Simple Steps and become a Millionaire doing just that.
In order to become an online millionaire, you need to find a niche market and build a successful online business around it. To do so, you need to create a website or blog and start promoting your products or services.
You also need to build an a mailing list and start marketing to your list regularly. Create a sales funnel and drive traffic to your website or blog. Once you have a successful online business, you should promote your business and build a mailing list.
If you intend to Start Your Online Business with No Money, then this is how to do it. You can also become the online millionaire that you’ve always wanted to be if you do it right. You can get this book to learn more on that.
Oftentimes, the problems we encounter in life are man-made and never occur naturally; and the bitter truth here is that most times, we play an active role in all of the processes and contribute majorly to the ways they affect us- whether they be negative or positive.
Breaking Down How to Start An Online Business with No Money
Let’s talk about ‘How to Start An Online Business with No Money’.
Not knowing how to do this is one of the major stumbling blocks that most upcoming entrepreneurs face in their bid to build a legit and rewarding business online. I went a little further in explaining this in my book “The Online Secret Sales Code” as my goal is focused around helping a lot of young people set up their businesses online without costly and avoidable errors.
If you must set up a real business online, especially if you’re low on budget, then there are some proven procedures that you must follow provided you’re bent on becoming super-successful at what you intend to do.
Find below a detailed list of some of the things you need to do which will ultimately help you set up a rewarding and sustainable business online.
I belong to some amazing online business communities (in fact the best of the best).
I have also seen a lot of young people come from nothing to something by just following these simple rules to establish brands that appear somewhat larger-than-life.
I also have friends who work in the online marketplace who are doing exceptionally great by replicating what I’m about to show you now.
But I must warn you: Do not think you’ll set up any of these business models in one week and start raking in N5,000,000.00 within that same week (if you have this type of mentality, stop reading… change it first and resume).
This business requires patience, learning, action and consistency. But if you’re committed, you should have a proper business in 7 weeks at least.
Now, let’s proceed to the 7 steps
– Step #1. Find yourself a ‘Niche’.
– Step #2. Discover a ‘problem’ around your chosen niche and find a ‘solution’ to it.
– Step #3. Craft a ‘killer’ sales copy for your business.
– Step #4. Build an easily accessible niche-driven website for your business.
– Step #5. Learn how to drive massive traffic to your website using SEO.
– Step #6. Build ‘Authority’ for yourself in your chosen niche using content marketing.
– Step #7. Be sure to check on your prospects/ customers and subscribers with email.
Once you’re done with the steps, the next thing is to start generating income through ‘back-end sales’ and ‘upselling’.
It doesn’t matter if you’re handling a mouse today for the first time, coming across this very information for the very first time, or even considering taking your brand online; the truth remains that anyone can do this, and it’s open to everyone.
If you feel you’re inadequate for the job, then get a professional to help you design a solid business system that will make you money online. You can talk to me about that by contacting me via my website Contact page or hire one here: http://www.fiverr.com/s2/7f69ea593a
Step #1. Find yourself a ‘Niche’.
First, understand What a ‘Niche’ is Before Getting Started
First of all, what is a niche in terms of online marketing?
In marketing, a niche is defined as the channelling/ streamlining of all marketing efforts towards one well-defined segment of the population (often referred to as the ‘target’ audience).
I want to make something abundantly clear here, and It is imperative to let you know that ‘niche’ does not exist, but rather it is created by smart marketing techniques and identifying what the customer wants.
Therefore, Niche Marketing is a tactic deployed to target a ‘specific’ market segment. Niching helps marketers discover problems around them, as well as find a solution made specifically to solve such problems.
Understand that there’s a success formula for every business out there, and online business is not exempted from this truth. You have to discover and apply some proven sales copy formula (tailored to your niche) that will take your visitors through the selling process from the moment they arrive in your funnel system to the moment they make a purchase:
To learn how to build a sales funnel, go here.
Additionally, for you to have sustained success, you must employ this in your marketing effort.
Step #2. Discover a ‘problem’ around your chosen niche and find a ‘solution’ to it.
– You need to master the art of arousing interest’ with a highly compelling headline. This is where a lot of people miss it. Understand the attention span of the average human being keeps reducing by the day due to the volume of information out there. People don’t have time for whatever they perceive as something that does not make sense or looks like a time waster to them.
Give a thorough descriptive detail of the problem your product solves. This is very important because what you tell people about yourself or your product sticks! The name you give to your company is what people will know it by. What you tell people that you do is what people will come to you for. Therefore, define your products in a way that is very easy to understand what problems they solve.
Follow it up which these other underlisted line of actions:
– Build your credibility as a professional capable of solving that particular problem. This is what we call (Brand Equity).
– Show ‘true’ testimonials from people who have used/ benefitted from your product.
– Talk about ‘User Benefit’ given the solution that you’re offering through your product.
– Very importantly, make an offer.
– Give no guarantee! (people have different abilities) but be sure to have a return policy.
– Create a sense of ‘urgency’ to prompt your prospects/ customers to action.
– Sell your products/ services.
Step #3. Craft a ‘killer’ sales copy for your business
Do not forget, throughout your copy, you need to focus on establishing your brand’s uniqueness, stating the major kinds of stuff that makes you stand out as an ‘Authority’ in your niche; painstakingly listing out the capacity of your products/ services to adequately cater to the people’s need and make their lives better (most importantly).
Be sure to check on your prospects/ customers and subscribers often by email. Don’t only focus on collecting money. Build relationships!
In case you’re not aware, email marketing will never fail. Currently, it’s almost the most effective ‘online sales technique’.
The moment you set up your website with your marketing system contained within, you must make sure your ‘Opt-in channel is highly effective because you cannot refer to your business as a “business’ if it has got no asset, and that asset is your email list.
So, majorly, your opt-in-list (customer/ prospect database) is the asset with which your business will be valued (just in case you want to sell off the business tomorrow).
Therefore, if you have no list, you simply don’t have a business. Know this, every single customer/ subscriber that opts into your mailing list has automatically permitted you to email them at any given time.
Why is this one of the most reasonable steps you must take if you desire growth in your business?
– It is targeted. Secondly, they asked for it.
– You are creating lifetime solutions and excellent relationships with people.
– The response is measurable, and you can calculate your performance.
– It is affordable, cheaper and more effective than conventional advertising channels (Radio, TV, and print media).
– Your website visitors becomes leads immediately after they opt-in to your list, and the most effective tool to follow your leads is Email marketing.
NOTE: Do not forget, the money is not in the email list that you create, but rather in the strong, priceless, valuable and sustainable relationships that you create through your emails.
Hence money is made online through mastering the art of building relationships using a powerfully crafted online marketing system as a vehicle towards achieving that very purpose, and email marketing is the fuel needed for that very journey.
Step #4. Build an easily accessible niche-driven website for your business.
After building a tailored market (remember the market doesn’t exist, so you must create and it customized to your own need) and product/s for yourself, your next move should be to finalize your selling process and boom!…
You’re set to kill Alibaba!
Go ahead with your ‘ready for’ business newly designed website. Keep it classy, thoroughly branded, super-simple and squeaky clean.
If your website fails to draw your visitor’s attention in just five seconds, then you might need to do an urgent review on it. If not, once those people are gone, they’re gone forever!
Keep these all-important key points in mind when building your marketing website:
Always choose plain fonts on a white background; there’s something magical about simplicity.
Make it very easy for people to contact you, your navigation should also be as easy as A, B, C.
Maintain that on every single page; you will learn more about this in my free internet marketing class here: https://theonlinemillionaire.com.ng/the-6-figure-business-school.
Employ some classy yet super simple graphics, audio or video to amplify your message. Do not forget your opt-in offer to help you harvest email addresses from your visitors.
Make your ‘Buy button’ highly visible and not more than two clicks to checkout.
You know about customer care right? Yeah!… your website is your office/ shop online. So, I think the most reasonable thing you need to do would be to make it user/ customer-friendly.
Step #5. Learn how to drive massive traffic to your website using SEO
In as much as Facebook remains the mother of all traffic sources when it comes to sales/ marketing online, Pay-per-click advertising is still one the easiest way to get traffic to a brand-new site
Yes! that’s right.
Why? It offers two key major advantages over waiting for the traffic to come to you organically.
Pay-per-click adverts show up on the search pages immediately.
They allow you to test different keywords, alongside headlines, prices and selling techniques.
You don’t only get immediate traffic, Pay-per-click advertising helps you find your best and highest-converting keywords. Then you can distribute the keywords throughout your site in your sales copy and code, which will in turn massively influence your rankings in the organic search results.
Build ‘Authority’ for yourself in your chosen niche.
The whole online economy rests on this very principle, it is something called Brand Equity. When you have authority you have everything (respect, trust, love, acceptance and then the sales will start pouring in and sustained too; if you don’t derail from the it).
A lot of folks use the internet just for one major thing- accessing information.
What if you’re one of such persons providing that information for free online to other people and making the world a better place by easing the stress off people’s shoulders?
Would that not rather be nice?
One of the most powerful ways to draw traffic to your website like a magnet and generate excellent search engine ranking is by positioning yourself as an authority in the field where you play as an expert.
The key secret here is to always include a link to your website contained within the body and heading of every single post you make.
What other support key steps must you take if you’re bent on becoming an authority online?
Step #6. Build ‘Authority’ for yourself in your chosen niche using content marketing
You must create and give away professional materials/ content e.g.
– Instructional videos (especially on ‘HOW-TOs’),
– Audios/ Podcasts,
– e-books etc.
– Ensure they are of value and capable of addressing the need they were designed for because it is very easy to sell to someone that you’ve initially created a relationship with by solving their problem for free.
– Be sure to distribute the content through some of the best online article directories (like ehow.com, biggerpockets.com, ezinearticles.com, buzzle.com, hubpages.com, seekingalpha.com, goarticles.com articledashboard.com, searchwarp.com articlebase.com) etc., and/ or social media sites like Facebook, Twitter and Linkedin to mention but a few.
– Be sure to also enable sharing on every single, valuable content of yours.
– Endeavor to make yourself visible on major online forums (if you’re in Nigeria, then nairaland.com is a place you need to establish a strong presence, you can’t be an authority in the Nigerian online marketplace and not be found there.
Take huge advantage of other social networking sites where your target market hangs out.
Step #7. Be sure to check on your prospects/ customers and subscribers with email.
There are several ways that you can do this easily but I will just focus on just one of them which is by making sure there’s something valuable in there for them and never spam them for whatever reason.
Look at it this way:
What made you opened the emails that you opened?
What also made you not to open other emails or even bounced off them?
Why do you also delete some other emails immediately after opening them?
The reasons will guide you into crafting that perfect email that no one can ignore. Most of those emails that you delete lack value or you simply don’t believe in the promises they make. You don’t see them benefitting you or your business in any way.
So whenever you ask for a customer’s email, ensure you are offering them something valuable in exchange. Whether it’s a the chance to win a prize, coupon or early access to a new product or sale, an ebook or any other piece of valuable content.
Whatever it is, when you ask for someone’s email, make sure there’s something valuable in it for them.
Bonus: Start Generating Income Through ‘Back-End Sales’ And ‘Upselling’.
One of the most effective internet marketing strategies is the art of developing ‘Customer Lifetime Value’. In offline business circles, every single business works consistently towards retaining their loyal customer for a lifetime, same applies to online businesses but you need to understand the techniques and the needed skills you must apply in your marketing approach to achieve that.
The truth is: when customers patronize your business if you treat them right, there’s a very high tendency that they will come back to you again whenever the need arises.
But what if you decide to reward such customers for their loyalty? That will result in some exponential growth for your company and this is exactly what ‘back-end sales’ and ‘upselling’ will do for you.
Mastering the art of closing your very first sale is the most brutal monster that you’ll ever have to face and then conquer in your ‘marketing’ journey before you can make progress, and the easiest way to win that battle is through back-end selling and upselling to get them to buy again: you can learn how to do that here
How do you get customers to come back time and again so you can make sales consistently?
You can do that in 3 simple ways!
– After they buy the first product, you must offer another product that complements their original purchase, and another one, and another one just like that.
– You must find a way to reward their loyalty to your brand.
– You must also offer other related products on your “Thank You” page immediately after their initial purchase.
Wanna find out more about how to increase your sales online? Then visit: https://theonlinemillionaire.com.ng