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How to start an Online Business- 4 Key Components
There are dozens of ways to make money on the internet
, but there are certain things you will need if you want a long term successful online business. These are the 4 key components of a successful online business.1.Domain Name- The first thing you need is a domain name. This is your home address on the internet (www.yourname.com). If this is for your primary business I recommend getting only a dot com.
You will spend anywhere from ten to fifteen dollars for a dot com domain name and then you will have to renew it every year for the same amount.
You can save some money by paying for five to ten years of domain ownership up front.
2. Hosting account- A good hosting account will cost you about ten dollars per month. This is your virtual real estate on the internet and how other people will be able to view your website from their computer.
You want to make sure that your hosting account has a cpanel back office and the fantastico tool.
3. Auto-responder- The most valuable asset for any business is a list. That can be a customer list or a prospect list.
You are probably on a few lists right now. I have been on the Dell Computer and L.L. Bean mailing list for years.
These successful companies know the value of maintaining a customer list, which is why they still send me catalogs even though I have not purchased from either one of them in years.
It is relatively expensive to send mail to your mailing list on a consistent basis, but an auto-responder will let you manage your email list for only $20 per month.
4. Squeeze page- There are several different types of websites that you can build with but the one that will generate the most income is a squeeze page.
A squeeze page is designed to capture leads so you will be able to grow your email list.
There are a couple of ways to build your squeeze page even if you do not know anything about web programming. You could either use a WYSIWYG editor or just build a blog using the fantastico tool on your cpanel.
Of course now that you have the tools you need to know how to use them.
Well with your business expenses being so low on the internet you should easily be able to budget $50-$100 per month for training to learn how to use these tools effectively.
This will easily cover the cost of an internet marketing membership site that will walk you through setting up your entire marketing system.
Much Success,
How to start an Online Business- 4 Key Components
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