Category: Online Business Creation

When you make the decision to start an online business sometimes you have an idea. More often than not though the idea to start an online business comes before you have an idea for the actual online business you want to start. You just simply know you want an online business and that's it. So, for those of you looking for an online business I want to help you in your search. The best way to get an idea is to look at what online business models are already out there.

First, let's define what a business model is. Dictionary.com defines a business model as: a design for the successful operation of a business, identifying revenue sources, customer base, products, and details of financing.

So, an online business model is the way you will run a certain online business. The things you will do to get it setup, how you will make money with it, how you will get people into it, etc.Click To Tweet

The first thing you need to do is start researching. If you go to Google and search for online business models you will find a lot of options. I recommend you start there and take notes of all the online business models that you find. If you come across one that you don't know about, then Google it specifically. Spend some time researching it so you understand it.

For example, when I did this, I found “software as a service” and had no idea what that business model was, so I Googled it and within about 15 minutes I knew exactly what it was all about.

So, spend some time on Google, do your research, and make a list of any business models that sound interesting to you.

Hot Tip: You can also use sites like Flippa.com to find business models. Flippa.com is a site people use to sell their online businesses, but it's a great research resource too. You may not want to buy an online business, but you can use the site to generate ideas for an online business.

I'm going to save you some time and give you a short list of general online business models right here. Again, if you don't know what one of these is then do some research and see if it sounds good for you.

The Short List Of General Online Business Models

Affiliate Marketing
Digital Product Creator
Physical Product Creator
Freelancer
Dropshipping
Coach/Consultant
FBA (Fulfilled By Amazon)
Service Provider
Developer
Influencer

Now those are general business models and it's by no means a complete list. For each of those there are several different business models you could choose. You'll see this as you start doing some research.

For example, with affiliate marketing. You could create a content site, you could create a funnel, you could create a review site, etc. When you find a general business model that you have an interest in then you need to research and find the specific business model you want to use.

After you've done your research and you've made a big list of business model options, take each option, and write it on a piece of paper. Make a list of things you will need to do to get that business model setup and working for you. Remember Google is your friend, so you may have to research the setup and running processes for each business model on your list.

After you've done this exercise, I recommend that you step back, don't think about it anymore for 24-48 hours. Let it all just marinate in your brain. Do anything except think about all of these business models you've just researched.

Then after 24-48 hours, you will come back and go through all of your pages of business models and notes and throw out any business models that you do not want to pursue. Really think on each one. I know you've put some time into researching each of these but throwing them away is a great exercise to do so that you just get it all out of your mind. You're going to need that “brain space” to choose the business model you actually want to pursue!

Now, at this point you should have just a few business model notes left. Now it's time to make your final choice on what business model you will pick. You can take your time and think on it, however, don't let that keep you from making a decision. Also keep in mind that just because you pick a business model doesn't mean you have to stick with it. Nothing is in stone. Yes, you might spend some time and money on getting a certain business model setup, but that's all part of the learning process. You don't have to stick with something you don't like or want to do. You can always pick a different one if you're not happy with what you're doing. The flip side to that is you also don't want to flip flop between business models. If you find yourself going through a couple and you keep starting over, you're never going to get that end result which is actually having an online business that makes you money.

What I've given you here is a great exercise. It will allow you to thoroughly research different business models to help you make your decision on what business model to start. It will give you ideas for business models. And more importantly you'll end up picking ONE business model to follow. This will keep you laser focused as long as you keep in mind that if it's not related to your business model it doesn't matter.

For example, if you're going to start a blog and use affiliate marketing to make money with it. You don't need to know anything that's not related to that. You can cut through the noise by being very precise in what you give your attention to when you have a fully planned business model.

Hopefully this has given you a plan for how to get started finding your dream business model to get started with for your own online business. If you would like at a few business model options I teach from A-Z then click here. I have coaching programs for several different business models and would love to become your mentor and lead you through creating the business model of your dreams!

Okay we are at the fifth and final part of this series, and just as a recap here's what we've covered…

1. How to find a niche that you love and that is PROFITABLE. Both things are vital!

You can see that post at https://tacoboutmarketing.com/blog/do-you-love-your-niche

2. Setting up your business foundation. Another vital component, and you've GOT to do it right.

You can see that post at https://tacoboutmarketing.com/blog/the-biz-foundation-method

3. Monetizing the business you've built.

You can see that post at https://tacoboutmarketing.com/blog/turning-on-the-money-in-your-business

4. Driving the RIGHT traffic into your new business.

You can see that post at https://tacoboutmarketing.com/blog/website-traffic-basics-and-why-you-need-the-basics

Today we're going to wrap things up by talking about what you need to be doing each day to keep your business running.

Now there are so many different types of online businesses that you can run, so this is going to be different for everyone, but here's what most people will be doing.

Some of things you will do daily, some weekly, some monthly. Is what I recommend that you do is write down everything you need to do and then input it into a calendar.

I have Google Calendar setup for this, and have it set to email me every morning at 5am with my “to dos” for the day. I get an email every day and know exactly what I'm supposed to be doing, and this keeps me super focused and on track!

Alright so let's take a look at the typical stuff and this is in no particular order.

Customer support – It doesn't matter if you're selling your own products, selling products as an affiliate, or just running a content site you monetize with ads. There are real people coming through your business. If you're not selling your own products you will have less customer support than someone who is, but you still need to make sure that your audience has a way to contact you, and that you are responding back to them.

Learning – You can never stop learning. Either you're learning about new marketing tactics and strategies you can use in your business, how to make more money in your business, other ways to make money, and the list goes on and on, but you need to have dedicated time to learning more about running your business.

Content creation – If you have an online business it's in constant need of content. Your content hub for your business foundation always needs content, if you're using social media to get traffic then your social media sites always need content, if email is part of your online business then you need content for that, and the list goes on and on.

Money makers – Every day my first thought in my business is what is going to make me money today? What can I add to my business to make more money? Finding a product to promote as an affiliate. Working on creating a product to sell. Creating a marketing campaign. There are so many things you can be doing, but every day I'm working on something that makes me money either right this moment or in the future. You need to be working on this daily too.

Traffic – Like we talked yesterday. When you stop working on getting traffic into your business, the traffic stops, and you don't make money. Every single day you need to be working on traffic. I typically split my working time in half. Half of the time I have to work I spend on traffic generation. The other half is devoted to everything else.

Now as I said… Depending on your business will depend on what of these things you'll do and how much you will do of them. There are many many many other things too, but you get the idea here.

So back to my advice above…

Spend a week running your business, as you do things, note them. Then take those notes and input everything into a calendar so you have something to look at each day and KNOW what you're supposed to be doing.

Okay… That wraps up this series!

We've covered a ton of information, and I hope you're putting it to use.

If you'd like to see a complete online business built from scratch, and how all of these things work together, I highly recommend that you grab a seat in the Get An Online Business Workshop.

Everything I've covered in this series is covered in this workshop, but you get to see it ALL put into action, so you can do the same thing.

Right now the price is discounted, so make sure you check it out right now before the price goes up again.

You can grab your seat at https://learningim.com/get-an-online-business-workshop-wp

Talk soon!

Liz

And we're back… This is the third installment in a series of five blog posts I'm doing all talking about building an online business in a niche that you love and that actually makes you money.

I'm talking to those of you who don't have an online business setup yet and/or who have failed at getting one setup.

In the first installment in this series I talked about finding a niche that you LOVE. You can see that post at https://tacoboutmarketing.com/blog/do-you-love-your-niche

In the second installment in this series we talked about building a business foundation which is VITAL to do once you have your perfect profitable niche picked out. If you missed that post you can see it at https://tacoboutmarketing.com/blog/the-biz-foundation-method

Now once you have that perfect profitable niche AND a business foundation set up then you're going to move on to monetization and that's what we're going to be talking about in this post.

Show me the money!

So first things first… Depending on what your niche is will depend on how you're going to monetize it. You can also do “monetization stacks” where you use multiple monetization methods.

For example… In my Internet marketing business where I help people build and marketing online businesses, I sell my own digital products, but I also selling coaching, make money as an affiliate marketer, sell services, and have even sold physical products (a tshirt).

That's monetization stacking.

So let's say you're in the weight loss niche. This is a niche I'm going into and letting my attendees of the Get An Online Business Workshop watch me develop. I have created my business foundation in it and will be monetizing it by…

1. Creating my own digital products. (Journals and trackers and stuff like that. No ebooks or courses. I want to give people tools not teach in this niche like I do IM.)

2. Physical products. (Creating branded supplements, powders, etc., physical journals and trackers)

3. An mobile app. (Obviously not sharing the details there. 😉 )

4. Affiliate links

There are so many different ways you can monetize your business once you have a business foundation setup.

Here's a short list…

1. Digital products you create. (Ebooks, courses, software, app, etc.)

2. Physical products. (The list is never ending here. 🙂 )

3. Products your an affiliate for. (Again the list is never ending here and you can promote physical and/or digital products)

4. Ads (You can sell advertising on your site, emails to your list, put PPC ads on your site, and so much more.)

Now there are tons of sub categories for each of those things, but those are basically your options.

And as I said you can use one or all or any number of them in between that you want.

You simply need to research what people in your niche want and give it to them!

Whether you develop the products yourself, pay others to develop them for you, and promote products as an affiliate, you still need to find what your people want, and then figure out how to give it to them.

Okay so we've gone through the first three steps here…

1. Find your perfect profitable niche

2. Build your business foundation

3. Decide how you're going to monetize it and DO it.

The next thing we're going to talk about is…

TRAFFIC!

Once you have your niche, you've built your business foundation, and you've gotten everything monetized you need to turn on the traffic, and that's what we're going to be talking about in the next installment of this series.

If you'd like to learn how to do all of this then I highly recommend that you grab a seat in my Get An Online Business Workshop where I will show you how to do all of this step by step!

https://www.LearningIM.com/get-an-online-business-workshop-wp

Here’s what you’re going to learn in this live 5-day workshop.

Day 1: You’ll learn how to pick a niche, make sure it’s profitable, and make sure it’s one you’re actually going to enjoy so you don’t get bored and wander off. 🙂

Day 2: You’ll learn how to create an online business foundation that is absolutely VITAL to your success. This system is super easy to setup and can be done in about a day! Sorry no push-button BS here.

Day 3: This is the day you’ll learn how to monetize your new business foundation so you can actually make-money with it! Yeah baby!

Day 4: Want to REALLY know how to get traffic? This is the day you’ll learn the TRUTH about getting traffic and how to make sure you’re ready for it.

Day 5: Clueless as to what you need to do each day to run an online business? Today is your day then because you’re going to learn everything you need to do daily to keep your business making you money 24/7.

Here’s the bottom line…

Right now you have the chance to clear the fog and confusion from your brain and be lead straight to success by someone who has been running multiple online businesses for almost 15 years now.

ME! 🙂

With what you’re going to learn PLUS having all the help you need you’re going to be unstoppable!

NOW is YOUR chance to grab a seat in the Get An Online Business LIVE Workshop (at a HUGE discount), and finally get that business setup that you WANT for the freedom lifestyle that you NEED!

BUT… You only have a few days to get in on this offer, so do this NOW!

https://www.LearningIM.com/get-an-online-business-workshop-wp

Okay… Shameless plug over. 🙂

I'll see you in the next installment in this series in just a couple of days.

Talk soon!

Liz

If you haven't heard yet (I've been going on and on about it) I just released a brand new workshop to help those of you who haven't created an online business yet.

OR

You've attempted and just can't get anything to work. 🙁

It's called the Get An Online Business Workshop and you've only got a few more days to jump in on this so make sure you grab your seat now if you want to learn how to create an online business that you'll love AND actually make-money with!

https://www.LearningIM.com/get-an-online-business-workshop-wp

On Day 2 of the workshop I'm going to be showing you how to create a business foundation for the niche that you decide upon.

Don't worry I teach how to pick a niche on Day 1. 🙂

Here's the thing…

If you don't have a business foundation, you're done before you even get started.

Your business foundation consists of three things…

1. A page to build your list/audience – This doesn't need to be hard. People think you've got to create some amazing offer. You DO NOT! I have a super simple way to get people to jump on your list.

2. A follow up email sequence – Once people get on your list you need to have a series of emails that have a goal that you define. Maybe it's to welcome them and get them to know, like, and trust you. There are all kinds of different goals you could have, but you need to have a goal for your email sequence and develop it so that everyone who subscribes is taken through that email sequence.

3. A content hub – YES! You need content, but quality wins over quantity. A simple blog will allow you to house your content for a multitude of purposes, but all lead to you building your list with it.

That's it!

That's a complete business foundation.

Now of course there are strategies you must use to do all of this right, but that's ALL you need to get started. Stop making this so hard!

And if you want to learn how I do it, then I highly recommend you grab a seat in my the Get An Online Business Workshop and learn how to setup your business foundation.

Like I said… You've only got a few more days to grab your spot before the price goes WAY up, so grab your seat at https://www.LearningIM.com/get-an-online-business-workshop-wp

Okay so far we've talked about picking your niche (I cover that on Day 1 of this workshop) and now building your business foundation (I cover that on Day 2 of this workshop). Tomorrow we're going to talk about monetizing everything and what your options are.

Talk soon!

Liz

Hey gang!

The other day I told you about the opening of my latest workshop… The Get An Online Business Workshop!

https://www.LearningIM.com/get-an-online-business-workshop-wp

On Day 1 of the workshop we're going to be starting from the very beginning of building an online business. I've seen a lot of people in niches that aren't profitable and/or that they don't love.

Here's the thing…

1. If you're in a niche that doesn't have buyers, you're never going to make-money in that niche. Do you want an online business that DOESN'T make-money?

Of course not!

You absolutely MUST find a profitable niche to build your business in.

So if you're not making-money with your online business it just might be that you're in a niche that doesn't have any demand.

This is pretty unlikely, but it DOES happen.

2. On that same note you might be making a “little” money in a niche and you've tapped it out. If that IS the case (and it could be likely) then you need to learn to broaden that niche and/or pick a more profitable niche.

3. You have no niche. You've done nothing to build an online business, and maybe you're even stuck when it comes to making the decision on what niche to pick.

If any of this applies to you, then you NEED to grab your seat in the Get An Online Business Workshop!

https://www.LearningIM.com/get-an-online-business-workshop-wp

On Day 1 of the workshop I'll show you how to pick a niche that is PROFITABLE and that you LOVE!

Both of these things are vital…

Yes, you CAN just go into a niche that is really profitable even though you don't like the niche, but how well do you think you'll do if you don't actually like the niche?

I can answer that because I've done it…

You WON'T do well. 🙁

SO I'm going to show you how to uncover super profitable niches that you either like and know about or would like to know about.

Plus I'll give you several niches that I know for sure are profitable and you can just pick one of those that you LIKE instead of doing the research yourself.

By the end of Day 1 you will know exactly what niche to go into and FINALLY be ready to start build a business in a niche you know will make you-money, and that you'll enjoy for years to come.

Here's the deal though… You've only got a few more days to get into this workshop at the discounted price. In just a few days the price is going to go WAY up, so make sure you grab your seat right now!

https://www.LearningIM.com/get-an-online-business-workshop-wp

Talk soon!

Liz

I've been talking about the ready to go systems I offer from ReadyToGoSystems.com a lot lately.  So, I've done a video called “The Whole Enchilada” showing you how to use all of these in ONE automated way.

Check out this quick video giving you the whole enchilada…

Here are all the links to all current ready to go systems…

1. Ready To Go List Building System: The Internet Marketing Niche Version – https://readytogosystems.com/sp/your-own-squeeze-page-v1

2. The Ultimate Affiliate Marketing Funnel: List Building Edition – https://readytogosystems.com/sp/your-own-affiliate-system-v1

3. The Ultimate Affiliate Marketing Funnel: Website Traffic Edition – https://readytogosystems.com/sp/your-own-affiliate-system-v2

4. The Ultimate Online Business System – The PLR (Private Label Rights) Edition! – https://readytogosystems.com/sp/your-own-online-business-v1