Tuesday, November 07, 2006

6 Detailed Steps to Guaranteed Online Income Revealed

In order to profit from the internet, it's really quite simple once you've mastered a few learned steps. Granted this is the desire of millions of entrepreneurs, but they often fail due to not having a successful outline or proven path to follow.

Basically, you need only follow 6 detailed steps in order to assure yourself the success you hope to attain.

1. First you need to establish your product or service. This can be anything from a new product idea, selling information, to reselling an existing product with the rights to do so.

2. You need to have a viable means of processing your payments from your customers that are acceptable on their terms. There are numerous online methods of receiving payments but what about the doubting Thomas that doesn't trust the internet to process a payment?

3. Having the right presentation of your product is key in attracting the customers you hope to attract. You need to know what causes consumers to react to favorable advertising. It's not the amount of advertising that often causes successful sales as much as it is the right type of advertising.

4. Knowing what to price your products is as important as knowing your profit margins. If you charge too little, you may create doubt in the consumers thinking, there must be something wrong here, or if you over-price your product, you may generate sales, but volume is where you reach a successful level of business.

5. Making your business self-operating is paramount to successful online sales. If you have to monitor your computer like you would a typical brick and mortar store, you've defeated the whole purpose of having an online business. You want to allow the online business to be your source of additional income not an additional job.

6. Lastly, you want to track your sales verses your hits or visits. If you can measure how often you make a sale per the number of visitors to your online business, you can determine how successful your advertising is working for you. That's where you spend the vast percentage of your time, improving your advertising.