Home Business Quick Start Pt 2

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The last time, we discussed blogging. So, this time we are going to be discussing other online
opportunities, like Affiliate and online Network Marketing, Niche Marketing, 
Freelance
Services and Internet Marketing.

So Let’s dive into it…

Affiliate Marketing.

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Affiliate marketing is one of the most lucrative models on the Internet. You can promote
other people’s product and get commissions for your efforts without seeing a single custo-
mer or talking to anyone.

Strengths: You don’t even need a domain name or a website in some cases. You can
earn huge commissions from up to 50% to even 100% commissions! You don’t need to
focus on creating products – just drive traffic to the merchant site and watch your income
roll in (if you do it right of course).

Weaknesses: You will need to search for a good affiliate program and build up traffic in
order to see results.

Opportunities: There are unlimited opportunities because there are always new products
coming out each day and affiliates are needed everywhere!

Threats: You are competing against THOUSANDS of affiliates out there and those affiliates
are your competitors. Some programs even offer two-tier programs and established affiliates
probably have dozens of affiliates under them as well.

Suggested Course Of Action: Register as an affiliate at Commission Junction , Amazon
Clickbank (Although Clickbank do not accept Nigerians, but there are ways to go about that.
You can  contact me for further information on registering with Clickbank)

Find good products to promote – especially those with good ‘gravity’.

Online Network Marketing

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If network marketing is your cup of tea, then you must learn to explore new opportunities
by promoting network marketing programs on the Internet.

Strengths: Similar to affiliate marketing, you don’t need to see anybody and promote your
programs online. You have the entire world’s Internet users as your prospects for your
downline groups.

Weaknesses: Building a network marketing business online is prone to being impersonal.
Make sure you do not adopt a ‘build and burn’ mentality as this is often the case.

Opportunities: You can easily recruit more people online compared to doing something
offline (where you are limited by time and space)

Threats: Globalization – down-lines are not as loyal as they used to be due to the abundance
of opportunities available on the Internet.

Suggested Course Of Action: Sign up for a network marketing prospecting system that
will help you to generate lots of fresh leads while making money at the same time.

Niche Marketing

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Niche marketing is a term people use to refer to niches that people can target to make
money online without focusing on ‘business opportunity’ or ‘make money’ niches (like
Internet marketing or network marketing).

It targets niches such as self-improvement, weight loss, relationships, movies or other
things that do not fall into the category of money making niches.

Strengths: You can focus on your passion and become an expert in it. Let’s say you are an
expert at teaching people how to stay healthy, then talk all about it and make money from
this niche alone.

Weaknesses: You have to be planning everything and make sure your traffic is quite
targeted and an expert at it. Different niches yield different results.

Opportunities: Niche marketing opportunities are ENDLESS. All you need to do is find
a niche you can excel in that nobody else is targeting (of course, this is very rare but a lot
of niches are not that congested).

Threats: An untapped niche is rare – so most people go for rarer sub-niches

Suggested Course Of Action: Do a search on Google for “YOUR NICHE” FORUM (Example:
if you are targeting the health niche, type in “health forum”) this will be your market!

Freelance Services

The fastest way to make money online – offer your services as a freelancer based on your
core competencies and earn money immediately by cashing in on your expertise!

Strengths: Fast and good money if you have the right clients. In fact, this is one of the
fastest ways to quit your full time job – just become a freelancer and be the boss of your
own time!

Weaknesses: You need to have a skill and market your services. You have to build up
your clientele as well and have them recommend more business to you.

Opportunities: Writers, graphic designers and other talents are in demand especially
on the Internet.

Threats: You are competing against other freelancers, many of them sell their services
TOO CHEAP!

Suggested Course Of Action: Go to E-lance and look for work there.

Internet Marketing

Internet Marketing

The most popular niche online – mostly related to teaching others how to make money
online or business opportunity niches.

Strengths: There is a huge hungry market here looking to find the holy grail of making
money online. If you have a product that can help people to make money, save money,
save time, save effort or generally run their business for them, then you have a huge market
here.

Weaknesses: This is one niche that you must make sure you produce results for your
prospects. Don’t be a hypocrite by telling others you can teach them to make money online
but you haven’t made a single kobo!

Opportunities: There are lots of niches like resell rights, private label rights, product
creation, search engine optimization and many more – you just need to find which market
you are more comfortable with.

Threats: This is the MOST COMPETITIVE niche online – everyone is fighting for the same
pie – but people are also willing to buy…

Now that you have discovered a few business models you can work with, you must get started
immediately! Take action right now!

Work For 4 Hours A Day And Retire In 6 Months


Here are a few tips that will assist you and help you to achieve your goals within 6 months!
Think long term. Do not just think of earning ‘enough’. You need to think long term and
build a business that is sustainable.

It is like shooting for the stars. If you shoot for the stars, you might not be able to clear the
skies, but at least, you will be able to cross the fence.

If you aim too low or too short term, you will fail easily because more than often, we usually
don’t accomplish our goals to our expectations.

 Build your business around your interests

In some business models like blogging, you must be passionate about what you are doing.

If you do not build your business around your interests, people will be able to sense it. It
would look ‘fake’ and you will not be able to sustain your interests. Before long, you will be
thinking about giving up.

If your business if focused on your interests, you will not feel as though you are taking
another job. After all, having ONE job is already bad enough. We want to FREE ourselves
from our job, not get another one.

Invest your salary into your business

Certain business models require you to make some investments. Like outsourcing, buying
domain names, paid traffic and others. Do not believe the myth that it doesn’t cost money
to build a business online – it is inexpensive but NOT free.

The advantage of having a job is that you can invest some of your salary to get things done.
After all you only have 4 hours and the weekends to build your business. You must learn to
invest your time AND money wisely to achieve maximum results.

Putting up with negative people

The idea of making money online is a foreign concept to many people. If you tell them that
you want to quit your job within 6 months, they will look at you with a strange look in their
eyes.

In some cases, they will try and discourage you, so you must have very clear goals otherwise;
you will never be able to quit your job within 6 months (or in some cases – 2 years). You don’t
want people to laugh at you if you don’t reach your 6 month goal so you must succeed AT ALL
COSTS!

Till next time,

CHIMEZIE EZEUDOYE.

 

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