Ways to Start a Profitable Online Business

There are still many people who don't know how to start an online business. Starting a self-managed business is a dream for many people.

But not a few of them have built a business but failed in the middle of the road, online business is no exception. For this, we will explain the best ways for those of you who plan to start an online business and avoid bankruptcy.

There are a series of proven ways that you can follow to guarantee success when you start your online business. We've seen thousands of people start and grow successful businesses doing the things we're about to describe.

Ways to Start a Profitable Online Business

Anyone, from beginners to seasoned online entrepreneurs, can benefit from this process in learning how to start the following profitable online businesses:

1. Start a business that fills a need

Most people who are just starting a business make the mistake of looking for the product first and then thinking about the market. This is wrong!

To increase your chances of success, start by paying attention to your market. The key is to find a group of people who are looking for a solution to a problem, but don't find many results. The Internet makes this kind of market research easy:

1. Visit online forums to see what questions people are asking and what problems they are trying to solve.
2. Do keyword research to find keywords that a lot of people are searching for, but that don't have a lot of competition from other sites.
3. Check your potential competitors by visiting their sites and taking note of what they are doing to meet demand. Then you can use what you've learned and create products for existing markets – and do it better than the competition.

2. Write what sells

Writing is a proven sales formula that takes visitors through the sales process from the moment they arrive to the moment they make a purchase on your online business:

Generate interest with a catchy title.
Describe the problem your product solves.
Establish your credibility as a problem solver.
Add testimonials from people who have used your product.
Talk about the product and how it benefits users.
Make an offer.
Make strong guarantees.
Create urgency.
Make a sale.

In writing, you need to focus on how your product or service is uniquely able to solve people's problems or make their lives better. Think like a customer and ask "What's in it for me to use your product?"

3. Design and build your website

Once you have your market and product, and you have succeeded in your sales process, you are now ready to start attract customer to buy your product.

One way to do it with designing your small business website. Remember to keep it simple. You have less than five seconds to grab someone's attention – otherwise they're lost, never to return to your website

Some important tips to keep in mind:

     Choose one or two regular fonts on a white background.
     Make your navigation clear, simple and the same on every page.
     Only use graphics, audio or video if they convey the message you are conveying.
     Include a subscription offer so you can collect email addresses.
     Make purchases easy – no more than two clicks between prospect and checkout.
     Your website is your online storefront, so make it customer friendly.

4. Use search engines to drive targeted buyers to your site

media electronic ads like Pay-per-click advertising is the easiest way to get traffic to new sites. This has two advantages over waiting for traffic to come to you organically.

Firstly, PPC ads appear in the top search pages, and secondly, PPC ads allow you to test different keywords, as well as headlines, prices and selling approaches.

Not only do you get traffic, but you can also use PPC advertising to find the best keywords with the highest conversions. Then you can distribute the keywords throughout your site in your copy and code, which will help your ranking in organic search results.

5. Build a reputation

People use the internet to find information. Give that information free to other sites you think are credible, and you'll see more traffic and better search engine rankings. The secret is to always include a link to your site with every piece of interesting information.

1. Share content from experts for free. Create articles, videos or other content that people can benefit from. Distribute that content through online article directories or social media sites.

2. Include “send to a friend” links in valuable content on your website.

3. Become an active respondent on industry forums and social networking sites where your target market hangs out.

You will reach new readers. But even better, every site that posts your content will link back to you. Search engines love links from relevant sites and will rank you better for websites and online stores.

6. Use the power of email marketing to convert visitors into buyers

When you build an article subscription list, you create one of the most valuable assets of your online business, a subscriber base. Your customer has given you permission to send them email. It means:

You give them something they need
You develop a lifelong relationship with them.
The response is 100 percent measurable.
Email marketing is cheaper and more effective than print, TV or radio because it is highly targeted.

Anyone who visits your site and opts into your list is a hot lead. And there's no better tool than email to follow up with that lead.

7. Increase your income through lifetime value

One of the most important internet marketing strategies is to develop lifetime value for each customer. At least 36 percent of people who have bought from you once will buy from you again if you provide satisfactory service.

Making the first sale is the most difficult part. So, use promos or discounts on the first sale to attract new customers.

1. Offer products that complement their initial purchase. For example, if you sell body wash, include a bath sponge with every purchase.
2. Send them discount coupons they can redeem on their next visit.
3. Offer related products on the “Thank You” page after the customer has made a purchase

Reward your customers for their loyalty and they will be even more loyal.

The internet is changing so fast that one year online is equal to about five years in the real world. But the principles and how-to of how to start and grow a successful online business haven't changed at all.

If you are just starting a small online business, stick to the above sequence. If you already have an online store, do a quick review and see if there are any steps you have overlooked, or simply never got around to doing. Never go wrong for any basic way of starting your online business.