How to build an Online Business - Part 1

 

Having an Online Business that pays well can be very rewarding in more ways than simply making money. Once you acquire the skills  to build a profitable business online, you can merely duplicate your efforts and your business has no limits.
When talking about starting an online business, I often ask people how they see the perfect business. There are many answers to this questions but generally it will be something like:

• I don't want to work for a boss
• I would like my time to be my own
• I want to be financially free
• I want to spend more time with my family

There is just one business which match all the benefits of an "ideal business" and that is Network Marketing. Building a Network Marketing business is however not that easy, and you need to learn a wide variety of skills to become really good at it. On the other hand it is most probably one of the most rewarding businesses if you do it correctly.
There is a lot of money to be made in Network Marketing, but contrary to general belief it is not fast money. 97% of all people involved in Network Marketing has never made more than $ 100 per month. There are however people that have made hundreds of thousands of dollars over a very short span of time (12 - 18 months).
How much you will make and how quickly you will start making money will largely depend on the system you follow and the mentor you have to guide you along the path. Most MLM mentors  will teach you what their upline has taught them, which is not working.
How to build a Business with a Strong Foundation
No matter which MLM you are involved in, or whether you are involved in any Network Marketing Business, it all starts with a strong foundation.
All Network Marketing business need to follow these principles:

• You simply serve by creating valuable content that solve your prospect's problem
• When you solve your prospects problems, they will begin to like and trust you
• When enough trust is build, they will buy your stuff

This principle is called Attraction Marketing, I teach it and strongly recommend it to anyone who wants to build an online business
The goal is to give value and gain trust
When using a system like MLSP, you will be able to:

1. Position Yourself as the leader and expert in your niche
2. You will be able to add and provide so much value that prospects will start to trust you

The biggest mistake that Network Marketers make is to focus on sales
You must have along term vision and a long term marketing plan if you want to build a successful business online.
There are three steps to building an Online Business:

1. Build your Audience
2. Engage your Audience
3. Sell to your Audience

Complexity is your enemy. Any fool can make something complicated. It is hard to make something simple - Richard Branson
There are 5 Core Elements to building a Profitable Online Business:

1. Content
2. Lead Generation
3. Follow Up
4. Monetization Strategy
5. Traffic

Article By Christo Fouche Internet Marketing Coach

Source: http://www.chrisfouche.com/how-to-start-an-online-business-part-1/