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Patric Chan is the Official SelfGrowth.com Guide to Making Money Online. You can download a free 28-minute video revealing the 5-step checklist of Patric's money-making internet business here: www.youchandoit.com/selfgrowth
The great thing about the Internet it that it provides endless opportunities to make money. You just have to find the ones that work for you. So let me start out by sharing with you the 2 ultimate secrets to internet income:
First secret – the fastest and easiest way to make money is by selling digital products like an ebook or a course. Most of these digital products are info-products that do not have a cost to produce and fulfill because they can be downloaded from the internet. It’s 100% profit.
The other secret - Pick a small, non-competitive online niche market so that you don’t need to compete with big time gurus or internet marketing experts. Niche markets can be like fly fishing, go-cart racing, dog training, wedding planning, bonsai trees, kickboxing, etc.
For more specifics, I’d like to run through 5 simple steps to success provided to us by Patric Chan, an internationally-known internet marketing expert. These five steps can get you on the road to earning significant income online.
Step #1: Develop A Success Mindset
The first step is about finding your center and creating the right mindset! You can have the best tools and strategies at your disposal but if you have a poor attitude and mindset, those tools and strategies will not do you much good. If you want to succeed, you have to pull out all the stops and use all that you have. Your mind is the greatest asset you possess.
Step #2: Choose Your Niche Market
In order for you to start making money online, you have to decide what niche market you’re going after as mentioned earlier.
It’s basic economics. If you want to sell a product that a lot of other people are selling, you’re going to have a very hard time getting attention without spending a fortune on advertising. But if you’re the only one selling that item, then buyers will find you.
The best place to start to find that niche is to take a good look at your hobbies and interests. What do you know better than anyone else, and how can you turn that into products you can sell online?
Step #3: Create Your Digital Product
Let's say you decide to create a "how-to" Ebook that teaches people to be motivated in life. You can go to the library or bookstore and get some ideas on the tips, layout, table of contents and general themes that other motivational teachers have used when addressing the same subject. This will give you a great idea of how to get started structuring your own product. Try interviewing experts in the field to gain more perspective on what to include.
Compile these together and you now have your own info-product!
Step #4: Set Up Your Webpage
The days are long gone when you had to be a technical expert to be able to set up a webpage. You just need a “sales letter” to sell your new product. There are many free templates out there that you can use or others you can buy at a very cheap price. You can use popular blogging software to create a webpage for free.
When you’re setting up your webpage, there are three key letters to keep in mind: SEO. For those who don’t know, this stands for search engine optimization. If search engines like Google and Yahoo put your page at the top of their rankings for certain keywords, you will get a steady stream of traffic to your site absolutely free.
And that leads us to the fifth and final point:
Step #5: Get Website Traffic
After your webpage and product is up, you need to start getting traffic to your webpage.
The most obvious way to get traffic is to pay for advertising, through Google Adwords or by purchasing banner ads on related sites.
But savvy internet entrepreneurs use free methods like video marketing, article marketing, and blogging to drive traffic to their site. This means creating content for other sites and including links back to your sales page. (For those of you with a Youtube account, subscribe to our channel and see our videos for examples).
Those are our tips to get you started making money online. For more information, and to download a $97-value video on internet marketing from Patric Chan that we’re offering for free, see the links to the right.
Finally, I know a lot of our viewers are already active in internet marketing. So, I’d like to give all of them a chance for some free exposure for their business. Post the urls of your online businesses in the comments thread below. Good luck to everybody!
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