Do you think setting up an online business is easy? Think again...
Do you know what it takes to set up a complete online business from scratch that spits out profits on autopilot? If it was really that easy everyone would be making a killing online and there wouldn't be just 1% success rate, in fact 99% people who attempt to start an online business fail (that's the stats I have read all over the net).
So what it takes to set up an autopilot system in place.
Here's what you will have to do to get started...
1.
You will have to research a profitable niche.
2.
You will then have to set up a list building machine.
To do this you will need...
* A free giveaway to give your subscribers.
* A high converting well designed squeeze page.
* Follow up emails to promote your products.
* Content emails to keep your subscribers interested.
* Relationship building system to build trust and relationship with your list.
To set up your website and list building machine you will need...
* A well designed site.
For this you will have to probably hire a website or a graphic designer if you're not technically sound.
* You will need a domain name and hosting service.
* You will need an auto-responder, this is very important.
* You will require an affiliate management system so you can recruit your affiliates or JV partners in future.
3.
You will now periodically survey your list and ask them their problems and get product ideas.
4.
You will have to go about creating your own products.
If you thought that just 1 product would be sufficient, think again...
Your first few products in your funnel will just break even your advertising cost, you will need at least 10-20 solid products to boost your profits per lead.
5.
You will have to drive traffic to your squeeze page from various sources.
6.
You will have to communicate with your list and build solid relationship with them so that they open and read your emails and click through your links.
7.
Here are the 3 types of products that will generate bulk of your revenue...
* You will have to create high ticket products in the range of $500 to $1000.
* You will have to create membership sites to drive recurring monthly income.
* You will have to build a high ticket coaching program of around $2000 per year to boost your overall profits.
The reason you will have to create high ticket products, membership sites and coaching program is because bulk of your profits will be made selling these 3 things.
Your $27 e-books will only break even your advertising costs and will not generate huge revenue for you.