Building YOUR Business - Part 2

Building YOUR Business - Part 2
Budgeting Your Time and Money

The first thing is to figure out exactly how much time and money you are going to spend on YOUR business. Now understand that the more money you can invest on a regular basis and the more time that you can spend the faster you will be able to build a business.

Once again though if you cannot afford to make a financial contribution and a definitive time commitment towards your business please save yourself a lot of frustration and accept the fact that you are not ready to build a business at this time. You really need to be able to commit to a minimum of 10 hours a week and at least be able to invest $25 a month to have any chance of building a successful operation. I realize you see all those ads that say you can do it in 5 minutes a day but this is simply a fantasy and nothing more.

The next step you have to take is decide what kind of business you want to build. Take the time to actually think about this. Remember, normal business rules apply on the internet too. There are skills you have that make you unique and things that you like.

Now I don't have the background to open a machine shop. I know absolutely nothing about milling machines or lathes. If I tried to open a machine shop biz because there is a lot of money to be made I would either go broke quickly because of a lack of knowledge or would have a huge learning curve until I understood all that was needed to run this kind of operation successfully.

The same applies online. Look at what your strengths, knowledge and interests are and look towards those for your business idea or be prepared for a larger learning curve.
Picking YOUR Business

Lets discuss how to decide where to concentrate your efforts. Despite what it may seem from looking at the various items advertised the real money is in finding your niche and applying the general marketing tips to that narrow area.

Lets find an area that interests you. This will take you a few minutes but will save you quite a bit of aggravation and frustration.

You will need a pencil and paper. Draw 3 columns on your pad. The first column you will want to list all of the things that you enjoy doing. This could be hunting, fishing, sewing knitting, etc. List exactly what you look forward to doing in your free time.

The second column should be a list of all of the things that you have experience in. It could be courses you have taken, experience you have gained from your work experience or dealing with children, things you have learned from various hobbies, the possibilities are endless.

The third column will be a list you get from asking your friends and family what they think you are good at doing.

Anything that shows up in all 3 columns is an area that you should explore and consider for building your affiliate business. It will take a bit more research to make sure you have found a profitable area but you are well on your way to building an affiliate business in an area that you have an interest and talent for.
Two Basic Tools

There are two basic tools that you will need to get started. You will need a website and a way to gather subscribers.

The website will be your office online. Regardless of what area you have decided to use for your business your web site will be your base. It will be where you will post content that people looking for information on your topic will be able to come to find it.

You will then be able to direct them to whatever affiliate program you have decided to use and do it as a recommendation from a source that has proven to provide relevant information on your topic.

This web site will need to be reliable and easy for you to update and because of this you should check with others to find a quality host. There are a number of them available and it is very likely your sponsor is recommending in there downline builder.

The second thing you will need is a way to gather subscribers. Most people will only stop once even if they bookmark your site because they loved it. (Go look at your bookmark list and see if you even remember why you bookmarked half of the sites listed there). They really do mean to return but there is always something else that will be attracting their attention.

That is why it is important to gather them into your subscriber base by collecting their email address with some kind of offer. It can be a free book, a series of reports on your subject, or even a trial product (depending on your niche).

This way a week later you can send them an update about the new article you just posted, the special deal you have located or just more free tips on your topic. This will help them to remember your site and if they liked it enough to subscribe originally they will likely return because you have reminded them that you exist.

There are two autoresponders recommended in the tools area. The delivery rate of both and their support is first rate.


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