Below are 7 ways to build a profitable online business.
1. Focus on building a community.
A community of people who know like and trust you can make you money for a lifetime if you treat them right.
2. Focus on providing value and helping people.
Give and you shall receive – they say. And it’s true – the more you give, the more people will follow you and trust your recommendations because they know you act in their best interest.
3. Focus on building your brand.
A brand is an asset. Once people associate your name with high quality this increases the value of everything you create. People are more inclined to check out what you have just because it comes from you. Also if you decide so in the future you can sell your business as a brand.
4. Focus on selling high quality programs.
This is how you provide even more value to your community. You shouldn’t be ashamed to sell. Because there are programs and products out there that can change a person’s life! And it’s in their best interest to get these products in their hand. You’re helping them by providing them with quality products. The keyword is quality. You should never promote crap products because that will only hurt your reputation and people will lose trust in you.
5. Reinvest your profits into growing your community.
This is how you scale a small business into a big business. Reinvesting your profits is key to your success. Your community is your #1 asset. The bigger your community, the more authority you will have in the marketplace. And the more money you will make because you will have bigger influence and more people ready to buy.
6. Focus on building a high converting sales-funnel.
This is how you make more money with the same amount of traffic. A high converting sales-funnel will allow you to make a lot of money with a small community and ultimately allowing you to grow that community by reinvesting your profits back into your business.
7. There’s only 2 things you should work on in your business: TRAFFIC. And CONVERSIONS.
So focus on those 2 things.
Every minute you spend working on your business ask yourself this:
Is what I’m doing now going to increase my traffic and influence? Is it going to make me more sales? Is it going to provide some kind of value to my community?
If the answer is no, it means you’re doing the wrong thing! Stop immediately what you’re doing and focus back on the activities that will make you money. For example: creating videos, writing a promo email to your list, finishing your product and gen