Today, new Internet businesses are struggling to find a profitable business idea and niche. As per the recent study it is found that an estimated 90% of the new Internet businesses failed because of either lack of planning or improper business plans. If you have a solid business plan you can start earning in hours.Here I am going to tell you about the missing link in Home based business success that is Business plan for home based Internet businesses. In brief you have to be clear about the action and research part before starting any Internet business.
Your Home based business plan should contain the following elements.
Niche: The goal here is to find a profitable niche which has the potential to start bring sales in days for this you have to drill deep to find a hungry desperate niche,while selecting the niche the only formula is starting from Need moving to Want and then to Hobby. Need niche has a success rate of 80% but the competition is very high, want is the niches were in you required a killing sales letter to achieve success and the last is Hobby niche in which again the success rate is very high although the traffic is low but the sales conversion rate is more than 50% of per clicks.
Keyword: Building a good keyword list is an important element of business plan, there are multiple combinations and the guiding factors are Demand, Competition and All in title. The best combination is Demand >3000 per month, Competition
Finding the best product:The best affiliate product market places are click bank, pay dot com and e-junkie and the product should be based on your selected keywords.
Driving traffic to achieve: The best method to start traffic drive is Article marketing and no doubt Ezine article is the best place for submitting article and driving traffic, the advantage with article marketing is that it is free. Apart from the free method there are some paid methods and the quickest method to start earning is to use the pay per click engines which will submits your listing in a few hours or days, with Google Ad words being immediate. This requires an ongoing cost and you will need to monitor results and regulate your bids if necessary.
Action Plan: The actions plan to start with.
1) A hosting account.
2) A domain name.
3) A Squeeze page.
4) An auto responder account.
5) The link to your affiliate offer.
Hence the plan should contain detail analysis of Niche, Keywords, Product and methods for driving traffic.
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