I want to share with you the 5 steps to building an online business that can make you over $10,000+ a month.
Every successful entrepreneur that I know, including myself, has followed these 5 steps.
They are universal and applicable to any online business that you decide to pursue.
There are so many amazing benefits to becoming an entrepreneur. However, to take advantage of them, you must know how to navigate and successfully build an online business.
If you're ready to dive into the world of entrepreneurship this year, read this…
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Are you ready to create financial freedom? CLICK HERE to take my FREE quiz to find out which online business model is best for you to start your online business!
What does being an entrepreneur mean to you?
To start a profitable business from scratch you need to possess an entrepreneurial mindset. This is a way of thinking that enables you to overcome challenges, be decisive, and accept responsibility for your outcomes. I find that a lot of people have unrealistic expectations of what it means to be an entrepreneur.
Anyone can have a business idea. However, building a successful business is an entirely different beast. The most successful entrepreneurs weren't born with the gift of success. Instead, they were driven by the desire to succeed. This unshakeable drive is what motivated them to do whatever was necessary to become successful.
Once you have the right mindset in place, you can focus on the strategies that are needed to build your online business the right way. Let's explore 5 of the most important things that you should focus on in your online business to earn $10,000+ a month!
1. Choose Your Vehicle & Commit To It Fully
There are so many opportunities to make money online. You have to decide which online business is best for you, whether it's selling physical products on Amazon, building a book publishing business, doing affiliate marketing, or being an online influencer.
Once you decide which business model you want to pursue, you must commit to it fully. That's what it takes to succeed at anything in life. A lot of entrepreneurs struggle and inevitably fail because they dabble in their online business.
They put in some effort, but when they don't see results fast enough, they give up and jump to the next thing. To put it bluntly, they aren't willing to go all-in because they are too afraid to fail. You can't treat an online business as a hobby.
Once you know what your business is, you have to learn everything that you possibly can about it. In short, you have to go deep and master it. Successful entrepreneurs are willing to do anything and everything to achieve success in their online business.
If they can't find a way, they make a way. If you are willing to commit to your business fully and put in your 10,000+ hours, you are guaranteed to succeed.
2. Know Your Ideal Customer
To be a successful entrepreneur, you have to know who your ideal customer is. Think of your ideal customer avatar as a customer profile that is a best-case scenario for your business.
You have to be willing to understand what your ideal customer's desires, goals, and needs are. More importantly, you need to know what their pain points are and how you can solve them. Essentially, an entrepreneur is someone who solves peoples' problems at a profit.
When you know what your customers' problems are, you will be able to successfully attract and market your services or products to them. As a result, they will want to buy from you.
Keep in mind that you should be continuously learning about your customers because their needs will change over time. Engage with them and ask them questions. Doing so will allow you to successfully pivot and grow your business.
3. Create An Irresistible Offer
You have to create a product or service that is so compelling that your customer would be silly not to buy it. You want your customer to feel like YOU were getting the short end of the stick, based on the value that you're offering them. This is how you build raving fans.
A lot of people do the status quo, meaning that they don't go above and beyond in their online business. To create an irresistible offer, you have to be innovative.
Some examples of being innovative may include revamping the packaging of your product, creating a bonus offer, getting more reviews, or improving the price of your product or service.
Peter Druker, one of the greatest business minds in history, said that business is all about innovation and marketing. It's about finding a way to do something better, faster, and more attractive than your competition.
If you look at the greatest companies in the world, like Apple, what makes them sustainable is that they are always innovating. If you continuously find ways to grow and innovate your business, you will succeed.
4. Market & Promote Your Offer
You could have the best product or service, but if you don't effectively market and promote it, nobody will benefit from it. A lot of people get uncomfortable with the idea of selling.
However, if you believe in what you have to offer, you are doing people a disservice by not selling your service or product. Nothing changes in history until someone is influenced and sold. When it comes to marketing and sales, there are many different avenues that you should learn and master.
Some examples include studying the psychological triggers that influence people to buy, perfecting your copywriting skills, learning how to optimize your website or upgrade product packaging. There's a lot of different factors that need to be taken into play.
At the end of the day, you're just trying to get people's attention. One of my favorite ways to market is through value-added marketing. Value-added marketing brings marketing to an entirely new level by turning marketing content into a product of its own.
I use Youtube and other social media platforms to connect and deliver high-quality content to others. By doing so, people are attracted to me and my brand. As a result, I don't have to focus on selling my products all that much because I've already created trust with my customers.
5. Deliver More Than Expected
As an entrepreneur, you always have to under-promise and over-deliver to your customer in every aspect of your business. This is how you build a raving fan customer.
This is someone who will buy from you, again and again. Not only that, but they will tell their friends and family about how great your product or service is. This is the best way to build a scalable online business.
These are the 5 steps to building an online business that earns you $10,000+ a month!
How would your life change if you earned this amount of money every month? If I was able to accomplish this goal, so can you. The question is, how bad do you want it? What are you willing to sacrifice to become successful? There is always a price to success.
It will demand something of you, but only you can decide what that looks like. Trust the process and keep your eye on the prize. Fully commit to taking consistent action in your online business.
When you do that, there is no limit to how much money you can make and how much impact you can have in the world.
Are you ready to create financial freedom? CLICK HERE to take my FREE quiz to find out which online business model is best for you to start your online business!