By Jimmy D. Brown of iBusiness Owner
If you’ve been around “internet marketing” as long as I have, you routinely see the same kinds of questions being asked about doing business online.
Definitely one of the “most asked” questions that I’ve read is:
“What’s the best way to make money online?”
Let’s see if we can answer that one once and for all. I use an acronym to explain the “B.E.S.T.” way to make money online that I’m going to share with you today.
Here it is –
B = Business Model
E = Education
S = Schedule
T = Tenacity
Let’s take a closer look at each component of the “B.E.S.T. Way”.
B = Business Model
Everything hinges upon you finding a business model to build upon. That’s where most people make their big mistake from the beginning. They try TOO MANY things.
Sound familiar? Chances are you’ve made that very mistake yourself. I know I did early on in my online endeavors.
Listen to me carefully: your primary objective should be to determine ONE path you’re wanting to take to build an online business.
To be sure, your business will ultimately consist of many parts. But just try to do affiliate marketing, online auctions, creating information products, setting up Adsense sites and buying private label products all at the same time and see what happens.
You’ll be spinning your wheels and never getting anywhere.
What do you want to build your business upon FIRST?
* Do you want to create your own products?
* Do you want to promote other people’s products as an affiliate?
* Do you want to sell items on internet auctions?
* Do you want to buy and sell reprint rights or private label products?
* Do you want to generate and sell leads?
* Do you want to sell advertising or generate ad revenue?
You can’t do them all at the same time from the beginning or you’ll end up getting nothing done at all.
Choose one overall “business model” to build upon. You can always expand, multiply and diversify your business over time after you’ve stabilized your business by mastering one particular area.
E = Education
When you decide what it is that you want to do, the next item to focus your attention on is learning everything you can about that business model.
No one becomes a doctor or lawyer or accountant or even a cashier at McDonald’s without an education process.
The important thing is this: learn what you need to learn and absolutely nothing else.
Think about the absurdity of this scenario: a medical student devotes some of his time to learning medicine, some of his time to learning law, some of his time to learning accounting and some of his time to learning estate planning.
Is he going to become a master at medicine? At anything?
The point is this: you will derail yourself if you try to take in every new “offer of the week” that comes your way.
You’ve gotta learn to resist the temptation to go and buy what appears to be the best new thing to come around. Listen, marketers are smart. They know how to entice you. They know how to make their product sound like it’s the perfect thing for you. They know how to make you whip out your credit card and buy. That’s why their marketers. That’s what they do.
What you’ve got to do is stop giving in to the allurements and simply continue to educate yourself in the area you’ve chosen to build your business upon. If you’re learning to become a top-selling affiliate, don’t waste your time and money on a product that teaches something that’s unrelated – not matter how great it sounds.
Stick to what you’re doing. Learn it well. And let nothing else get in your way.
S = Schedule
As you begin to educate yourself on WHAT to do, it’s important that you make sure it gets done. Information without application is worthless to you. Ya gotta use what you learn.
The key is to balance your schedule with activities that allow you to build your internet business. In other words, setup a set of daily “things to do” whereby you put into practice the things you’ve learned.
Here’s a brief example –
* MON: Write and send an ezine article
* TUE: Recruit new affiliates
* WED: Tweak your page conversion.
* THU: Conduct a list-building strategy.
* FRI: Research new ideas and plan.
That’s an abbreviated schedule, I know. I’m just trying to illustrate a point: you gotta give yourself reasonable, realistic steps to complete each day of your work week in order to make progress.
Until you learn to put into practice those things you’ve been observing in your education process you’ll never really see results.
So, get a weekly schedule in place of daily activities.
And then, stick to it…
T = Tenacity
There’s an old saying that goes, “winners never quit and quitters never win”. There’s a lot of truth in that statement.
To finish off the “B.E.S.T. Way” to make money online, you’ve gotta have tenacity. That simply means, you’ve gotta be persistent.
You’ve gotta stick to it.
If there’s one reason why people don’t “make it” in their internet businesses, this is it: they quit. It’s usually out of frustration because of a lack of results.
Want to know where that frustration comes from? It comes from not doing the things I’ve told you thus far. When you don’ have a clear business model that you are learning about and putting into practice on a consistent basis, it’s virtually impossible NOT to get frustrated.
Results only come when you follow this system (or some variation of it). Stick to it. Stick to it. Stick to it.
Do you want to be successful online?
C’mon, get serious with me. Do you*really* want to be successful online? Then do these four things…
1. Get a BUSINESS MODEL.
2. Get an EDUCATION.
3. Get a SCHEDULE.
4. Get some TENACITY.
That’s “The B.E.S.T Way To Make Money Online!”
Now that I’ve shared this with you, I’d like to HELP you with this.
If You Are Just Starting Out Or Currently Making Less Than $1,000 Per Month…
I can personally (one-on-one) answer your questions, help you create a daily schedule and give you some specific action steps to take each week to build a successful Internet business.
Together we will choose a thriving market of customers with a strong buying history, select a method for generating cash that is custom-fit for you, locate an offer to sell to customers that has proven to get orders, eliminate the clutter to identify the fewest and best action steps, and develop a daily schedule to use immediately to stay on track.
You will receive a step-by-step curriculum, daily assignment to complete for me to “grade”, and a personal Q&A session with me!
Due to the personal interaction with me, there are only 50 spots available. Once they are sold out, they are gone. I can only take 50 students since I’ll be personally interacting with you EVERY DAY for this coaching class.
Get all the details at I-Foundations 5-Day Coaching Program