Welcome to the Online Business Growth Guide!
Follow this multi-part guide to start and grow your business at an accelerated rate.
If you already have a business and a website, feel free to jump to module 3: Drive Traffic.
Should You Start an Online Business?
Every year billions of dollars are made from entrepreneurs who started their business online.
In the past, we were told that starting a business was expensive and too risky.
Modern day tools make creating websites, e-commerce stores and sales funnels extremely easy and affordable to create.
Can you imagine creating a website from your laptop, launching it and investing in yourself for once?
With no real barriers to entry besides low startup costs and initial time investment, the risk factor has been lowered significantly.
People have begun to trust the internet with their time and money.
So with billions of active internet users that have since become engaged online shoppers, there is no time better than right now to start your business online.
Can You Actually Make Money Online?
Like I said before, people just like you make millions of dollars every year from their online businesses.
It’s crazy to think that all you need is a computer, $30 bucks a month, and an internet connection to run an online business.
Think about how hard our school teachers work to teach us the fundamentals of what we need to expand our knowledge.
Without school teachers to pass on their knowledge we’d be pretty dumb, right?
Yet, school teachers only make around $38k a year. How is that even fair?
Here’s a couple who together was only making $76k a year from their jobs as school teachers.
Not seeing an opportunity for growth, these school teachers decided to create online websites to make more money.
In just one year, they started making $15k a month.
This couple had no idea what to do until they started seeking out more information.
Kinda like you, taking the time to read this free guide.
You have just embarked on your journey to make money online.
All results will vary but just like this couple, you have the opportunity to become successful online.
So yes, YOU actually CAN make money online!
How Much Does It Cost To Run An Online Business?
I’ve found that many online businesses will vary in cost.
It all depends on the type of business you start and your overall needs.
You will need to account for traffic and volume as well.
With that being said, here’s an example breakdown of web service costs:
Domain: Anywhere from $2 to $12 dollars annually. (required)
Shopify: If you start an ecommerce store, the starter price for Shopify is $29 a month.
Sales Funnel: If you only have one product, a paid membership site or want to create a sales funnel for your existing website, ClickFunnels will be a great all-in-one solution for $97 a month.
Teachable: If you want to create video courses for your audience, teachable is also a great option which costs $29 a month.
So it’s safe to say that you can easily run a business anywhere from $0 to $1,000 per year.
That is not including processing fees, partner revenue sharing, shipping services, etc.
In most cases, as your sales go up, so will the cost to run the business.
How Long Does it Take To Start Making Money?
In this story, Trevor Chapman, a 33-year-old man, invested $200 to make over a million dollars in just 92 days.
Trevor went from spending 12 hours a day at work to only an hour and a half per week.
You heard that right, Trevor was spending an hour and a half a week and in just 92 days he made $1 million dollars.
How did Trevor make money faster without having to invest more time and money?
Trevor bought a domain, set up a Shopify e-commerce store and imported “viral” products from Aliexpress and Alibaba.
This method of fulfillment without actually having to keep any inventory is called Dropshipping.
This guide is NOT about dropshipping but this is a great example of how to make money without having to invest 40 hours a week.
Dropshipping allowed Trevor to eliminate the risk of inventory piling up in his garage.
In two weeks Trevor started making $10k a day and he did it all without spending money upfront for products.
Imagine spending less time working a week than it takes to watch a movie.
All results will vary when it comes to making money and creating a successful business online.
It is important to understand that Trevor, just like many other successful entrepreneurs did NOT succeed his first or even second attempt, so keep working smarter not harder.
If you don’t find a way to make money while you sleep, you will work until you die.
Warren Buffett, CEO of Berkshire Hathaway
How do you get started?
These days it’s easier than ever to start an online business.
This guide has been developed to help you launch a successful business online.
Take your time and bookmark this page if you need to come back later.
For simplicity, we are going to focus on the following objectives:
- How to create an online store.
- How to create a sales funnel.
- How to increase your website visits.
- How to convert website visitors into customers.