subject: 5 Key Elements To Online Success [print this page] In today's highly sophisticated World Wide Web, there are millions of people selling products all over the internet. Naturally there will be ones that earn good revenue and also the ones who make little or no profits at all.
The one question that i have been asking myself and wondering "What are the elements of a strong Internet Business foundation?" How is it possible that people are making so much money off from the Internet every split second, even when i am asleep.
This has kept me wondering there must be certain elements that the Internet Business holds, that normal real life businesses do not have. But then again a real life store selling a product, the product itself has to me marketable, appealing and up-to-date. QUALITY is a must!
Could you imagine selling a branded bag in a dilapidated filthy shop, no one would ever want to enter. And above all what we want for any kind of business is traffic meaning people, it is clear that a perfect product in a perfect shop without people walking in to touch and feel it would be useless.
This now brings me to how can we use this kind of elements and amplify it for an online business. Let's that a look at the elements broken down.
Real Life Business elements
1. Marketability - Meaning there has to be demand for the product.
2. Shop to be sold at - Shop has to be attractive theme which correlates with the product.
3. Traffic - Shop has to have visitors.
4. System - Brand has to convert existing customers into recurring customers.
Internet Business Elements
1. Marketability - Product has to be in demand to people online.
2. Quality - Product has to have superiority.
3. Website - Products need to be placed like in a virtual shop.
4. Traffic - Products needs a means being promoted and introduced to people.
5. Membership privileges, like updates through mailing systems.
So for an online business to be successful you first have to choose what kind of product do you want to market to people, there are many ways to go about how you can find the right product to market.
Take it for instance you can use Google keyword tool which you can sign up for free and search for highly searched words to see what market is HOT on.
So if you like to cook for instance, search for maybe french recipe and see what are the results in the keywords people are using for and see if the marketing is hot for selling recipes.
So once you have found a good product you want to look into the quality of the product. It has to be up to date, have good information/useful functions, be well packaged and durable and withstand the test of time.
Once you have a product selected at hand the next thing you would be wondering how am i gonna let the world see what i have, so the back-bone to everything is your website your website has to offer support for its product, be clear on what it offers, well designed, be updated and this are very important elements that a website should have.
Last but not least your bread and butter which is your traffic, traffic is the essence of the business so bear in mind you have to target the right audience for the right products.
To sum it up, the 5 really important key elements to becoming successful in the online business are Marketability, Quality, Website, Traffic, System.
Marketability - Have to sell something people want.
Quality - Gives you good reputation and builds trust in your brand.
Website - Attractive and correlate with the product you sell
Traffic - Brings in potential customers who in turn provide with profits.
System - implemented to turn new customers into returning customers.
by: Jensen Cheng
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