How to Make Money Online: The Basics

If you are a newbie to internet marketing and are starting out with a limited budget to earn online then things can be gloomy at the beginning because you are unaware of where to start, where to turn and to whom to look?Although there are lots of free information available on the internet as to how to earn online, things can still seem to be difficult at the beginning because there is no blueprint. So for those of you who wondering as to how things are done the right way, here are some few checklists.

Get Feedback on what you are Selling before Launching:

Don’t rely on feedback from friends and family members about a product or its salebility because these people are emotionally attached to you and they are more likely to think every idea that you share to be the best. And according to Adam Callinan, founder of BottleKeeper, getting feedback from people attached to you is a “disaster from the start”.

Instead, get market validation from potential customers who are not in your social circle. Some entrepreneurs use “will they pull their wallet” test before investing in a business. Crowdfunding platforms like Fundable, Kickstarter, Indiegogo and Rockethub are good way to start.

Have a Website:

Having a website on your own does not only serve as something for a customer to refer back to but also act as your brand’s digital footprint. Keep your site simple and have an email capture on every possible page. And here are three easy steps to earn money with a website of your own.
1)  Select a Content Management System such as WordPress
2) Register a domain name and opt for a hosting service like HostGator and Bluehost
3) Customize your CMS with ecommerce-enabling plug-ins and themes like Woo CommerceWP eCommerce and MarketPress.

Know your Competition and Customers:

Study your competitors as well as customers. Look where your customers are hanging out. Also look out for related products as well as sites they are searching for. For example, if you are selling fire alarms, then look at house safety websites. In this way you will get an idea as to whom you’re competitors as well as your potential customers and what they are selling (competitors) and looking for (consumers).

Create an Action Plan for Sales and Marketing: 

Before selling anything, first create an action plan as to how many units you are going to sell and through which platform. Social media like Facebook, Twitter and Pinterest are good platforms to start. Other than this, you can start guest blogging on other authoritative sites in your niche. This will enable you to be known as an expert as well as get you the traffic that you need to get moving.

Do as much as you Can:

This mentality will help you a lot if you are on a budget because at the starting stage there are only few things that you can do and you must do. So concentrate on things which are must in the beginning and outsource it when you become successful.

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