Your internet business plan can be the difference between success and failure, in making money online. If you don’t have a plan or your plan does not include systems to guarantee your success, you are risking spending precious hours, days, months or even years, and potentially thousands of dollars trying to learn everything on your own. This article will explain the 6 necessary components for creating a home profit income system.
The first integral step to a successful internet business plan is to make sure that it is creating multiple streams of income on autopilot. Creating multiple streams of residual income is not challenging once you’ve found the correct system. With the right system and proper training you can quickly and easily learn and implement the necessary steps to produce consistent income from home. The last main benefit with building multiple streams of income is that you are safeguarding yourself from the inevitable fluxuations in income that you will encounter in your life.
No matter what system you commit to following, your number one most valuable activity will be building your opt-in email list. Many, if not all of the hyper-successful internet and network marketers who are earning residual six and seven figure incomes will tell you that their most valuable asset is their email list. Your email marketing list is one of your most powerful relationship building tools as well as one of your most valuable direct response marketing tools. When managed correctly, even a modest list of a few hundred interested subscribers can produce hundreds or even thousands of dollars per month!
In order to get people to subscribe to your mailing list it is highly recommended to offer your users something of great value for free. This is the initial step in your online sales funnel and by offering visitors something of value, you increase your chance for having the opportunity to stay in touch with that user. When implementing your sales funnel, your goal should be to find a hungry audience and offer them that which they are hungry for. Through keyword research, you are able to find out exactly what your target market is searching for, and once you know what they are searching for, you can begin to offer it to them. Your sales funnel will offer subscribers a number of related products and services creating additional cash flow for your internet business. This may be the most important piece of your online business plan.
Once your sales funnel is implemented and connected to your opt in email list you will now focus your efforts on filling your sales funnel. Online, there are two major distinctions on the types of traffic you can drive to your sales funnel. First there is free traffic and second there is paid traffic. Massive amounts of free traffic can be generated with consistent focused action on article marketing, social marketing or web 2.0 marketing. Although the results are not as fast as pay per click, the traffic can last for years on end, potentially proving to be a very valuable asset. Paid traffic requires a larger budget and more focused effort, and once properly dialed in, can create insanely consistent return on investment.
The last are of focus for your internet business plan needs to be on maximizing your profit. It is imperative for you to track your sales funnel’s performance and I recommend you use Google’s Analytics. Monitoring your traffic, their behaviors and your conversion ratio will allow you to achieve optimal performance. Split testing your landing pages allows you to directly test two similar ideas to see which performs better. Consistent testing and tracking will help you optimize your sales funnel to produce the maximum amount of return on every hour and dollar invested!
Whether you decide to tackle every aspect of building your online business on your own, or if you choose to follow a proven system, the above six principals are important to keep in mind. In this day and age it is crucial for you to be building multiple streams of residual income. You can’t keep living life on the edge, with all of your eggs in one basket. By implementing an online sales funnel and building an opt in email list, you are able to create residual income on auto-pilot. You can utilize either free marketing strategies or paid marketing strategies to fill your sales funnel and with consistent effort, testing and tweaking you will be able to focus your efforts on what is working, and let go of what isn’t working! With commitment and focused effort you will begin to generate leads and start making money with your home profit income system.