Here I want to share what I got from an Online Business Seminar, presented by Febian Lee at Aryaduta Hotel, Jakarta on last Satuday, March 1st, 2014
4 Freedoms we will have on online business:
1. Financial Freedom –> passive income exceeds monthly expenses
2. Time Freedom –> wake up anytime, work anywhere … or not!
3. Location Freedom –> work from home, work anywhere in the world
4. Lifestyle Freedom –> life the live you DREAM about!
Here are some advantages of online business:
- Low starting cost
- Low risk
- No inventory to carry (money usually stuck on inventory)
- No employees required
- Scalable (and duplicate it later). You can not do the same thing in a year (income linear)
- LEGACY –> do wealth for next generation
One website for One target and One purpose
Do anything at the same time! Duplicating for different markets.
We should do things for family , not for boss!
Work anywhere in the world!
The 3 Steps Internet Success Model
Step 1 – Perform Market Research:
- Identify target market
- Analyze competition
- Create/locate product/service to sell
- Your blog/website is for commercial audience, not for social audience. It is different to target commercial audience and social audience.
- Your audience must be willing to pay for your solution
- You can use Google Keyword Planner or www.freekeywordplanner.com to research.
- Find profitable markets! Indonesia must go online for solution than retails.
- Basic Concept: Multiple Income.
If you dominate Google alone, you will be rich!
Examples of keywords: “catering in Singapore”, “catering for wedding”, “catering for party”.
You don’t have to be an expert in that business. Check long tails keywords.
- Buyers (go to Google) –> find your website/blog –> bring them to Sellers
- Duplicating for different markets.
Step 2 – Website Creation:
- Register your domain
- Rent a web hosting service
- Publish your website/blog, no html knowledge required. Visit www.Wordpress.org to create your own blog.
Step 3 – Traffic Generation:
- Get qualified prospects and customers via Google
- Using SEO to get free traffic. Focus on commercial market (audience).
- Join affiliate programs
Online Profit Model 2 (to be continued)