For the past two decades, many have been looking for how to start in an online business. While many let go of the idea, others prosper with their online businesses.
The concept of an online business is vague to many, especially older generations.
That being said, relying on the internet to build your career, financial freedom, or just a side income is a vital venture you must consider seriously.
However, some might think that working online is some get-rich-quick scheme which it is not.
Like any other business, you must put in the time, effort, dedication, and goals to succeed.
One of the advantages of going online is managing your time as you please.
A regular day job requires you to trade your time for a fixed amount of money which is not the case where the time you spend can have unlimited earning results.
Also, a flourishing online business can give you the time flexibility needed to spend more time with your family, friends, or traveling.
The internet never sleeps. Your business will attract potential clients 24/7, even when you are asleep.
On the other hand, the benefits are many. You can make anything from $500 per month to $5,000 to more than $10,000 per month from home.
The business model that we are going to discuss is affiliate marketing.
Affiliate marketing allows you to sell products online on an international level without owning or storing the products.
The process is very straightforward. You create a blog/website where you write product reviews for a niche you are passionate about. You embed affiliate links. Whenever a visitor clicks on those links and buys, you make money.
So, let’s proceed with additional details that might get you on the right path.
1- Stages Of An Online Business Growth:
The sky is the limit on where your business can go regarding growth and revenue.
The crucial factors that can grow your income exponentially are dedication, consistency, training, knowledge, and engaging with a community of like-minded successful peers.
The basis of affiliate marketing is product reviews. The main idea is to create a consistent number of professionally written product reviews.
The minimum to succeed is two reviews per week that are carefully written with a minimum of 1,500 words each.
If you do this religiously for six months, Google will start picking you up and ranking you high on their search results for your targeted keywords.
Continue with your articles posting at this rate or increase to three articles per week or four per week.
It is all up to you. The more effort and valuable content you create, the better your chances of making substantial money out of your blog.
2- Winning Affiliate Marketing Strategy:
The most important education you will get is how to write valuable unique content that is search engine and user-friendly.
SEO or search engine optimization is a set of tactics and actions you implement for your product reviews to reach page 1 of Google, Yahoo, and Bing.
Once you are on page 1 for your keywords, FREE traffic will start visiting your website, reading your reviews, and clicking on embedded product links.
You will get a commission when they purchase through your coded links on the merchant’s website.
Commission percentages vary from 3% to 50%.
You can also choose to review membership products which are most of the time recurring. In that case, you will make recurring monthly commissions from 1 sign-up through your links.
The best-performing formula looks like this:
- Keyword research: Before writing your reviews, select high traffic, low competition keywords and build your posts around those keywords. Wealthy Affiliate premium membership equips you with the research tool!
- Write your review: Research your topic well and write your unique product review accordingly, all while embedding your coded affiliate links within.
- Wealthy Affiliate Training: Follow Wealthy Affiliate’s training and education. You will be an SEO specialist in a short time.
- Rinse & Repeat: Follow the system to the letter and be consistent. More articles equal more earning potential. Build an authority website within your niche.
3- Affiliate Marketing Income Potential:
Using affiliate marketing as your base for building your online business is the most profitable and affordable way to start making high income online.
Before diving into some potential earning calculations, you can find everything your need to start on Wealthy Affiliate’s premium package.
You will get:
- Keywords research tool.
- High-speed hosting (Amazon AWS C3 Large)
- Complete step-by-step training.
- Huge knowledge library.
- SEO tools and resources.
- Affiliate programs.
- Community of successful peers.
- 24/7 Support.
- Content creation platform.
- Natural site comments generation
- Much more!
The money-making opportunity is lucrative and life-changing for most.
For example, if we select the coffee niche as an example. Many organic coffee companies can pay up to 30$ per coffee bean sale.
Accordingly, if you write a valuable product review for such a product after selecting your high-traffic low competition keyword, getting sales is not that hard.
Suppose you get 30 visitors only per day for such a review with only one sale. You will be making $900 per month for just one article.
Imagine you have 4 out of 50 articles generating that sort of income. You will be making $3,600 per month!
4- Your Blog’s Resale Value:
Like real estate or any other business, your website/blog will grow in value over time.
Many factors will define your online business value, such as:
- Age of your business.
- Traffic sources.
- Functionality and features.
- Quality and quantity of content.
- Social media presence.
- Subscribers email list.
- Website’s revenue.
As a rule of thumb, the easiest way to evaluate your business worth properly is by multiplying your monthly revenue by 26 to 36.
The difference from 26 to 36 is usually related to the 8 points mentioned above.
For example, suppose a website’s traffic source is only from Facebook versus another with traffic coming from Search engines and social media. In that case, the latter has a higher value.
So, if your website makes $1000 per month, you can quickly sell it for $26,000 to $36,000.
Also, if your website makes $3,000 per month, you can quickly sell it for $78,000 to $108,000.
Accordingly, You can see how the numbers can add up fast. If your online business makes money, many will be happy to buy it from you.
Build Your Online Empire Now!
If you are an expert in a specific niche, you can write valuable unique information about it.
You will find companies willing to pay you high commissions for referring clients to them.
Also, If you follow the training and modules on Wealthy Affiliate, you will build an empire for yourself quickly.
The premium package comes at a super low $49 per month, including EVERYTHING you need to succeed.
Some people may find writing product reviews or articles hard and beyond their skill level, but that is wrong. If you are passionate about a topic, you can write about it.
In conclusion, I hope that this post has made the idea of how to start in an online business much clearer, and I strongly advise you to try out Wealthy Affiliate for FREE.
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