5 Steps To Building A Profitable Business You’ll Love To Run

If you surf through any news channels or newspapers these days, you would be bombarded with stuff like:

How the economic climate in the world is deteriorating..

How the job market is getting worse..

How the competition is growing..

How prices are increasing…

Blah blah blah

Basically, its ALL about how life is getting tougher and TOUGHER….and how having a good lifestyle is getting harder and HARDER.

While there is some truth to what is being reporting, everything is magnified because NEGATIVE news sells and increases ratings.

While things are getting tougher in a lot of areas, the OPPORTUNITIES to succeed are rising too.

Fact is that this is the BEST ERA to be alive.

In today’s times, if you have the DESIRE and WILL, you can create the dream lifestyle that you have always wanted.

And that too within a few short years.

Without having to work for 30-40 years like our parents & grandparents used to do.

Think about it.

In the 60s, 70s and 80s, if you wanted to start a business, you would have to SAVE UP BIG (and borrow quite a bit) to create a sizable capital.

Today, you can start an online business using your disposable income alone.

In the 60s, 70s and 80s, you had to work LONG & HARD on your business for several decades to become wildly successful.

Today, you can work part time (1-4 hours a day) and end up building a business that can go on to do millions (or even more) within a few years.

In those days, if you wanted to start some business for cheap, you would have to go for door to door selling.

Today, you can PINPOINT and TARGET your exact audience in the city you want and market your products to just them using Facebook Ads, Google Adwords, Bing Ads or Youtube Ads.

And back in those days, if you wanted to market to a large audience without going the print, TV or radio route, you had to use direct mail (where each campaign whether successful or not could cost you quite a fortune).

Today, you can promote products online for a daily budget of $5 or even $1.

It’s a JOKE.

As I said, in this era, you can build BIGGER & BETTER businesses in a FASTER way while working far LESS than the previous generation had to.

6 years back, I was serving tea for construction workers. Today, I have built a $15 million online business and now I am on track to hit 100M.

If you TRULY have the desire and the will to do it, you have ALL the opportunities in the world at your disposal.

This is the era where you can TRULY turn your PASSION into PROFITS.

And here are 5 steps as to how you can turn your passion into profits.

Step 1 – Choose A Business That Is Economically Viable

If you want a profitable business, then you NEED to choose the RIGHT NICHE & RIGHT SET OF PRODUCTS that allow you to make profits easily and scale.

The most common niches are:

  1. Health
  2. Fitness
  3. Relationships
  4. Investing
  5. Marketing Training
  6. Business Opportunity
  7. Coaching & Consulting

Apart from this, you can also sell physical products like T shirts, hoodies, jewelry, iphone cases, etc, etc.

Here are 2 simple criterias when choosing your business:

  1. Always choose a niche where people have SHOWN INCLINATION to buy products (more competition means there is more demand for products)
  2. Choose products that would make you good margins (ideally you must have a series of related products to promote so as to maximize your average customer value – if you are promoting just 1 core product, then make sure it’s a high end product so that you can make ALL the profits from selling just that)

Step 2 – Setup Your Website & Marketing System

Once you have decided on your niche and what kind of products to promote, you now need to create a website and a marketing machine (called a sales funnel).

The entire purpose of your website and your sales funnel is to take your visitors through a series of pre designed steps to offer value prospective clients and ultimately sell them various products & services.

You don’t need to hire out expensive designers to build out high converting websites.

There are several services in the marketplace that do that for you.

  1. Clickfunnels
  2. Leadpages
  3. Unbounce
  4. Optimize Press

If you are into ecommerce, you can use Shopify to setup your store.

Step 3 – Choose Your Ideal Traffic Source & Drive Traffic

There are several places where you can get high converting traffic to your website.

Some of the common traffic sources are:

  1. Google Adwords
  2. Facebook Advertising
  3. Bing Ads
  4. Banner Ads
  5. Newsletter Ads (you pay list owners to send out promotional emails)
  6. Soloadsagency.com (shameless plug of my own traffic agency haha) 🙂

Some traffic sources will cost you MORE per click but what matters is your conversion rate.

Traffic from Google or Facebook will invariably cost more but it will convert better for MOST of the products.

Step 4 – Build Your Asset Base & Develop A Strong Relationship With It

The ultimate GOAL of getting traffic is to build your asset base.

Your asset base is YOUR EMAIL LIST.

A lot of people make the mistake of driving traffic to their site but NOT capturing the contact information (mainly email) of their visitors.

Fact is that people usually won’t buy when they first land on your site (there are exceptions to this rule but in general, sale doesn’t happen immediately).

So if you don’t capture the email information of your visitors, then you have NO ability to contact them again, educate them about your products and get the sale.

That’s why building an EMAIL LIST is so important.

When you build your email list, you can do a lot of things:

  1. You can maintain regular contact with your email subscribers
  2. You can educate them about your products, build a strong relationship with them and get sales
  3. You can promote related products to them whenever you want & increase your customer value

Your email list is an asset.

You build it once and it will pay your bills for a LONG LONG time.

Constantly Growing Asset Base (Email List) + Strong Relationship = Perpetual Sales

Step 5 – Scale & Diversify

Once you have our campaigns up and running and making NICE profits, it’s time to scale your traffic.

To scale your traffic, you need to know your business numbers clearly.

You need to know your average customer value.

This is the number that you can AFFORD to spend to get a customer and break even.

If your average customer value is $300, then it means that EACH customer on average makes you $300 in revenues.

So as long as your cost to acquire a customer is BELOW this number, you will be making profits.

Once you know your business numbers, you can aggressively expand because you would know (based on your customer acquisition costs) whether your business is on the right track or not.

In addition to scaling, there is another thing you need to do.

Diversify your traffic sources.

If you get ALL your traffic from say Google Adwords and tomorrow they shut you down, then your business goes down.

That’s why you need to diversify your traffic sources so that you are getting traffic from various places.

If you have diversified your sources and say Google shuts your account down, your business won’t come to a standstill while you are working on getting your account back up.

Another smart way is to have MULTIPLE advertising accounts itself so that if one goes down, you have another to use (while you are sorting out as to why your main account went down).

So build your business, scale it up & diversify it and you will live the LIFE of your dreams.

It is all possible in today’s internet era.

An era where anyone can turn their passion into a life transforming business.

Now a lot of people face a BIG dilemma when starting a business.

They don’t know what passion of theirs to focus on.

They don’t know what would be an economically viable business.

They don’t know how to setup their marketing system.

They don’t know how to drive quality traffic.

They don’t know how to build an asset base (email list) & develop a relationship with them.

If you are in the same boat and unsure about how to proceed, here’s what I would advise:

See when you are COMPLETELY NEW to something and don’t know the field, you will stumble around and face many obstacles.

It will be a challenging task to go from one step to another.

A smarter approach would be to GET STARTED in something:

  1. Where the business model is already proven to work
  2. Where the products & services are already created and selling well
  3. Where you would get cutting edge training & coaching on how to setup marketing systems, get traffic, convert them into sales & repeat customers

The whole idea of doing this is to GAIN knowledge, expertise & experience of building a profitable business using a proven model BEFORE venturing out onto other areas.

Think about it.

If you don’t know the INS & OUTS of internet marketing, its harder to go into a new niche and build a successful business (its very possible but hard).

But if you have ALREADY learned how the internet marketing field works and you have built a successful business while learning it, then you can use that knowledge and experience to start COUNTLESS new businesses.

You can walk into new niches, create campaigns, funnels and become profitable.

You can hire people, build teams and expand your business into various areas.

The possibilities are LIMITLESS.

However you need to know the FIELD FIRST.

And that’s I recommend starting out building a business where you not only get proven products, systems & funnels but also get high quality training & coaching.

And this is where MOBE comes into the picture.

When you enroll in MOBE…

  1. You get a 21 step training where you will learn how to build a multi million dollar online business from scratch
  2. You will get personal coaching from a 6 figure earner
  3. You will get access to the MOBE community to interact with
  4. You will be given powerful marketing systems that promote high quality products and help you make $4.95 to $15,000+ per sale
  5. You will have a phone sales team who will be closing your lead on your behalf

It’s a COMPLETE A-Z training on how to get started online and become massively successful.

And I highly recommend it for those who are SERIOUSLY looking to start an online business.

If you do the 21 steps and take serious action, your life can change in a DRAMATIC way.

Go here to get started.

Using MOBE, I regularly pull in $200,000+ per month (and its just one of my income streams).

Now this doesn’t mean you will do the same but I just wanted to show you the POWER of this program.

Its designed in a way to help LITERALLY anyone get started and build a thriving online business.

The knowledge and skills you will learn from your MOBE journey will help you launch countless new profitable ventures in the future.

shaq_mexico

Dedicated To Multiplying Your Income
– Shaqir Hussyin
CEO, Speaker, Author & Rain Maker
Get Done For You Traffic @SoloAdsAgency.com

Questions? Email: shaqir@shaqirhussyin.com

Let’s get social at:

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Instagram l Twitter | LinkedIn | MySpace <- JK 😉

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