• Skip to primary navigation
  • Skip to main content

Internet Marketing | Online Marketing

Internet Marketing Malaysia by Impossible Marketing

  • Home
  • About Us
  • Services
    • SEO Services
    • PPC (Google Ads) Services
    • Social Media Marketing (SMM)
    • Google Display Network (GDN)
    • More Services
  • Courses
  • Free Workshops
    • Internet Marketing Course
    • Online Business Course
    • SEO Certification Course
  • Why Us
  • Blog
  • CSR
  • Contact Us
  • Show Search
Hide Search

5 effective principles to start an online business

September 17, 2015 By Team Impossible Leave a Comment

5 effective principles to start an online business

The internet offers limitless opportunities to both aspiring and budding entrepreneurs. It has changed the scope of how entrepreneurs start businesses through online marketing. It changes how individuals connect and interact and how individuals purchase certain commodities online. Starting an online business has become a standard practice rather than an option as it used to be. In light of this, we are going to take a look at the 5 core principles of starting an online business with the hope that it will give you the needed motivation to go ahead and start living your dream.

Make a careful and well thought out decision of the market you are going to enter

Starting an online business requires proper planning and a roadmap of what you want to achieve. Carefully evaluate a market that you have sufficient knowledge in and which is popular. The market you choose can make or break you as an entrepreneur. Some of the top markets on the internet you can enter and make good money include: spiritual market (examples are numerology, personal development, hypnosis, astrology etc), health market (examples are fitness, pregnancy, beauty, weight loss etc), Relationships (examples are parenting, dating, etc.) and wealth market (examples are real estate investments, betting systems, internet marketing, foreign exchange etc).

Determine whether your chosen market has competition

Of course, you do not want to enter a market where people are not concerned about your product or service or if they do, they do it on a smaller scale. Do a small research to find out if people in your chosen market are willing to pay for a valuable product or piece of information or if they are willing to pay to be assisted to resolve a problem. The general thinking and accepted belief in internet circles among entrepreneurs is that it’s easy to serve an existing market than it is to create a new one out of the blues. Knowing who your target audience helps in determining how to promote your online business to them.

Choose the type of product you want to sell

You don’t need a huge amount of money and you can even start your own business without a penny. In this regard, you can start with affiliate marketing where you don’t have to buy a product, keep track of available stock but simply make money by earning commissions as a result of promoting other peoples products. Your goal or job will be to simply find customers and encourage them to buy products you are promoting.

Traffic generation

Once you’ve decided on the right market, determined the viability of that market and settled on a product to sell. The next thing is to work out on how to generate traffic to your website, to increase leads and subsequent conversions. To do this, you can either go for paid via pay per click or free traffic generation through SEO. For immediate traffic, PPC is best strategy. However, for long term and consistent traffic, settling on search engine optimization is the best. While paid search provides immediate results, you stop enjoying the benefits the moment you run out of cash. In this regard, the best thing would be to use a combination of both paid and free traffic generation methods.

Build an email list

The key to online business success is in keeping a constant list of prospective customers. Lead generation is not enough. You need to create relationships that will keep your customers coming back for more and look forward to what you have to offer every now and then. Getting people who believe in you, your product and your business to join your mailing list is simply sweet music to the ears and an indication that your business is going places.

Share the knowledge!
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Tweet about this on Twitter
Twitter
Email this to someone
email

Filed Under: Articles Tagged With: affiliate marketing, generating traffic, internet marketing malaysia, online marketing malaysia, ppc malaysia, promote online business

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Email us: enquiry@impossible.com.my
займ на картукредит онлайн

Facebook | LinkedIn | Twitter | Youtube

Copyright © 2012-2019 Impossible Marketing (Group Of Companies). Google Partner Company Since 2014.
SSG Approved and SkillsFuture Credit Eligible.

Terms & Conditions and Privacy Policy
Sitemap