So How Do You Get Started?

I had a post on the 3 main types of income that we can earn via online means.
Basically, you need to find something that you want to sell!

Below is basically a summarized guide to get you started, the complexities are sometimes better left unsaid… so here you go.

If you study Marketing in school, you should have come across the Marketing Mix, which is more commonly known as the 4 P’s of Marketing: Product, Price, Place, Promotion.

All of these revolve around the Target Market (your desired customer base).

Remember, its all about providing a solution to your customers.

Step 1. Determine what PRODUCT you want to sell

• Generally, like what most Internet Marketing Gurus say, find something that you like. Either you sell your own product, or sell other’s products.

• Its easier to start by selling other’s products.

• Conduct market research by using various tools like Google’s Adwords Keyword Tool to find out the approx. search volume of your desired keyword.

• Conduct competitor research as well. There should be some competitors in your chosen niche, its also an indication that it’s a profitable niche.

Step 2. PLACE: Set up a Blog(s) or Website

• Be it a free one or getting your own domain name & hosting. I prefer having own domain and paid hosting though. If you are selling your own product, having your own website looks more professional.

Step 3. PROMOTION: Article Marketing

• Article marketing by far seems one of the tried and true methods to get free traffic. But it is also a method that demands lots and lots of your time.

Step 4. Determine the Right PRICE for your product

• If you are selling your product, a general guideline is to look at how much your competitors are selling their product, and price around that range, depending on your strategy and stickiness of your target market.

• Also look at what you are offering against your competitors, and work on the differences, the VALUE they will get by buying from you.

• If you are promoting other’s product, you will not have to worry about this. But you may need to work on providing more value to your customers, persuading them to buy from your link.

Here’s some good news for those who have bought BMD through me.

I am in the midst of finalising a Scuttle Plus Search Software to complement Bookmarking Demon.

And I will be giving them FREE to those who have bought through me. 

Do check back. I should be able to post some screenshots soon.

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