In my last post I mentioned that I was thinking about the difference in investing in stocks vs investing in assets you can sell online. That thinking has evolved over the last week into deciding what is the best way to bootstrap a new online business.
You see the internet business that I started last year has been languishing since the beginning of the year without making any sales. Now I’m thinking of a re-launch, but this time I want to do it right from the start. A proper start that will create not just a small number of sales, but something that will be a real business.
The problem is that I’m basically starting from scratch again. I have the website set up but it’s getting no traffic. I have no email list, no connections, and no product. I’ve found a niche that which has made me $600 and I want to explore further. My next thing to do is to plan the creation of a real business from scratch.
Different internet marketers are all selling different approaches but the one thing that is hard to find is exactly where to start. If you have an email list there are tons of good products and ideas out there that you can just drop in to quickly make a huge impact in sales. If you’re already getting good traffic to a website then there is tons of stuff out there for tips on how to increase your conversions and how to leverage that traffic into collecting emails. If you have a product then there are ways to find other people to help with selling it.
But what do you do if you don’t have any of that to start with?
There are a couple of ideas that I’ve been spinning around in my mind. I’ve been weighing the benefits of different approaches. Launching a business properly is no easy task.
I still haven’t figured out the entire approach that I’m going to use, but stay tuned to this site as I reveal my business launch plan over the next few weeks.