A user from www.youngentrepreneur.com asks Roger from www.RCBryan.com what steps should be taken to start making money online.
Text from Video:
Question: What are the essential goods I need to make money on the internet? I’m pondering starting a business on the net and I want to know what I actually need to do before I get to work.
Roger: This is a very good question. There is a lot of money to be made on the internet but there is also a lot of money to be spent on the internet. I speak from experience with a lot of the mistakes that I’ve made over the last five years.
The first think you need to determine is what type of business are you going to start? There are three main types of online businesses.
Product Sites where income is generated based on the sales that you make.
Affiliate Sites where income is generated based on the sales you make as well as the network of sellers and buyers that you create.
Content Sites where income is generated based on advertising income from traffic.
You can mix and mingle the types of sites. So you could have a product site that uses content to drive traffic and has advertising for certain aspects. You can also have affiliate products plugged into a product or content site.
Choosing the type of site you want to develop is important because there are different strategies needed for each.
Things you need do:
You want to ‘start small yet dream big’ is my approach to developing a web based business.
PPC for an advertising site does not work
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