THE SECRET TO ONLINE SUCCESS.

There are 5 key areas you need to constantly maintain, if you want to succeed
online.Those 5 key areas are:

1) Product or Service
2) Lead Generation
3) Conversion
4) Administration
5) Education

Let's start it this way:

1. Product Or Service:

You must have some sort of product or service online that a fair amount of
people would be interested in to make any money. You might have a hobby you would like to make money from like, polishing brass, I don't know, but a hobby like that will probably not have a very big market online to sell too. This product could even be an affiliate program you are promoting. Some of the most profitable sites on the Internet are those with one single page of writing;
where e-books or other digital products are being sold.

Number 2 is Lead Generation:

Being able to contact prospects and customers anytime you want without
spending a fortune in the process is one of the great things about marketing on
the Internet. Once you have those leads, you can contact them again and again for practically nothing. It doesn't even need to take up your own time, you can use
auto responders to do the work for you. Having an email list full of people who are dying to
know about your product or Service, is like having money in the bank.

Number 3, Conversion:

This is one of those things you tweak along the way. If your website or emails are
only converting at 1% then that’s ok, it's something you can improve on.
For instance, if you get 100 customers to your website and you have a 1%
conversion rate, you will only make 1 sale. If you have a conversion rate of 2%
you double the amount of sales you get and the amount of money you make
without having to get any more traffic or even spending any more money.
Try and get the most out of what you have. It really is the simple things that count
and if you do them right, everything else falls into place.

Number 4 is Administration:

People fail to realize that an Internet business is just like any other business and needs to be run the same way. There is bookwork, emails, finances, expenses, you name it, and it's there. While this might be mundane, it needs to be done. If you don't want to do it, hire someone to do it for you!

Number 5 is Education:

I spend a lot of money every year on books, tapes, seminars… you name it.
You need to be able to keep up with what is going on. Just like a doctor has to
read medical journals, you need to keep up to date with the latest marketing
techniques and news that will affect you in some way.
No one knows all there is to know about running a business online, that's why
testing and tracking are crucial. As much as reading is important, just doing
something will make all the difference to your business.

The Power Of Diversification:

To earn enough and to create enough security for your income to keep coming
through, we do what the stock brokers advise, which is 'diversify'.
Creating multiple streams of income not only reduces your risk, it gives
you a chance to multiply your revenue!
Diversify your money-making efforts throughout the Internet; have your hand in
all the viable opportunities to make money online. If one income stream was to disappear, you still have the others. By creating a number of income streams, you could be creating a residual income business that pays you for the rest of your life for work done only once.

This is especially so when you create a popular ebook or join a network
marketing company. You get paid for the rest of your life for work done only
once. Why is residual income important? Well, look at all the rich businessmen! Most, if
not all, of their income comes from residual income. By creating assets that bring
in residual income, the rich often don't have to spend much time on these assets
after a while, because they are bringing in income even without the owner's presence.
What then happens? With more time, the entrepreneur is then able to create more assets that produce
even more residual income, and he repeats the process almost ad infinitum!

Set Your Income Goals:

If you fully intend to achieve your goals, you should perceive goal setting as an
extremely powerful process of personal planning! Goal setting should not be
taken lightly because your journey to success starts with the goal setting
process. Your goal is yours and yours alone to make!
Set some goals now:

In 3 months, my goal is to be making $ a month.
In 6 months, my goal is to be making $ a month.
In 12 months, my goal is to be making $ a month.
In 2 years, my goal is to be making $ a month.
In 5 years, my goal is to be making $ a month.

I suggest you don’t miss this important step. The very act of typing or writing
down your goals is a very strong affirmative action. Review your goals from
time to time and make adjustments to them based on your progress in your
online business.