Wednesday, August 19, 2009

5 Steps To Creating Your Own Money Machine Online

If you want to set up a business on the Internet, there are several steps you need to get right in order to get maximum results from your efforts, and missing any one of them could destroy your odds of being successful.

This report will help you get everything right from the start, with the least amount of work. Here's what you should do:

1. You Must Find A Good Target Market

You must focus on a group of people you can relate to and understand. A good target market is a group of people who share common problems, have money to spend, and have a proven history of buying products related to your topic. When you find such a group, you can be sure they are ready to buy.

2. You Must Find Out What They WANT To Buy

You should only sell what people want to buy. Never guess. Instead, let them tell you what they want. Research related products and ask people in forums what they are looking for. When you have a good idea of what your target market WANTS, you'll easily be able to create a winning product quickly and KNOW that it will be profitable.

3. You Must Create A Winning Sales Letter

Once you have your product ready, you should create a simple sales letter that shows exactly what benefits people will get by buying from you. Tell them exactly what problems they will solve, promise specific, instant end results - and finally make an offer that's too good to turn down.

4. You Must Drive Massive Traffic To Your Sales Letter

When you have your sales machine ready, it's time to start selling. Find out where your target market is, and advertise in these places. If you can generate at least $0.50 per unique visitor, you have a winner. Then roll out to thousands of people a day. Otherwise, refine your sales letter and test again.

5. You Must Create A Back-End Strategy

You should maximize the lifetime value of your customers. The front end sale is just to eliminate your marketing costs. Then your profits start. You should now continually introduce new products and services that they want to buy. Create your own, or set up joint venture deals with other people. Send out a new offer at least once per month.

That's it. Make sure that you include all these steps, in the right order. These tips will let you take a shortcut and have that money machine up and running as quickly and easily as possible. Use them now and make your dream a reality, starting today!

By Martin Franzen

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