HOW TO MAKE MONEY ONLINE - Video 3 - The Process So now we have addressed our mindset, let s now look at how you are going to make money online. There s a great saying that goes, systems work, its people that fail and that's absolutely true, systems do work it s us that often give up. So what we need to do is create an online system that works for you, to fit in around your lifestyle. And the great news is there are only three steps to making money online. So lets look these 3 steps in this video Ok so there are only 3 steps to making money using the internet. Let me go through them one at a time here. Step One is finding a profitable niche. This is where everything starts. Now don't worry or stress yourself if you are thinking well what do I sell or how do I sell or do I need a website. Just stop, just relax everything will become crystal clear. Right now all I want you to do is understand the roadmap of online success -- and it starts by finding a profitable niche. This is the very first thing you need to do. Now what exactly does this mean? This means that we want to find an area online where people are already spending money. It doesn't even matter if you don't know anything about that particular niche, although it does help if you are interested in the subject matter. But the key thing here is for you to understand that this is where we start. So many people make the mistake of thinking what am I going to sell. Believe it or not what you are actually selling is the last piece of the puzzle.
At this stage, right now what you will end up selling is the irrelevant; it really is at this stage. The very first thing you need to do is position yourself in a profitable niche, in other words an area where people are already spending money. Of course I will be showing you exactly how to do this. Now this niche may be a subject matter that you know a lot about, you may already have an off-line business in a certain niche subject. For example, swim wear design or jewelry creation or alternative therapies and that could become your new niche. Or we may end up finding a completely new profitable niche for you and your online business. There are thousands of profitable niches to choose from. Literally thousands. From Weight Loss, to Brides, to Muscle Building, to Skinny Men, to How To Become A Pilot, Event Planning, Time Management Strategies, Cake Decorating, Become A Mystery Shopper, Hiring Virtual Workers, Care Options For Your Elderly Parents,Planning Your Summer Vacation On A Budget, How To Work In Hollywood, Home Schooling, Writing Your Own Book, Become A Better Public Speaker, Yachting, Greenhouse Gardening, Beginners Guide To Yoga, Ideas For A Birthday Party Your Child Will Never Forget, How To Work On The Radio.the list goes on and on. Again please don't worry if you don't know how to find a profitable niche of course I'll be showing you exactly how to do this. And later here at this site you may like to know that we have created lots of DONE FOR YOU websites that are based on existing profitable niches. Incidentally these websites alone that we have for you would cost you hundreds of dollars each if you went to get them created but they are free for you as you are a member --- more about this later. But all I want you to understand right now is that Step One in Learning How To Make Money Online is positioning yourself in a profitable niche. Once we've chosen a profitable niche we move on to Step Two. Step Two is we build a list of people that are interested in this profitable niche. Let's use an example of marine aquariums, let's imagine that we each chose a profitable niche of marine aquariums, people that like to keep fish as a hobby, so that's our profitable niche. The very next thing we do is we build a list of people interested in this subject matter.
Now what exactly does this mean? This mean that we will create a one-page website with the ability to capture visitor s names and e-mail addresses when they visit your site. And once you have their name and their e-mail address, you can market to them directly via email marketing which of course I will be coming on to. Now again don't worry if creating a website terrifies you, it terrified me when I started out, I will comment on that in a moment. For now I just want you to understand the importance of building a list. In fact building a list is the single most important thing you can do for your business. Let me repeat that, building a list is the single most important thing that you can do for your business. But doesn t your list have to have hundreds of thousands of people on it I hear you ask? Not. At. All. You may like to know that I built a seven figure business in less than two years with a list of less than 20,000 people. When we come onto traffic I will be sharing with you traffic techniques that can get you hundreds if not thousands of sign ups to your list every month. Again more about that later. But building a list is vital to your online success. It's interesting a lot of people think that a product is the most important thing, it's not. Let me explain, a product is not a business, there are tons of people with great products making no money, so that's not a business. In fact on that note then let me add that a website is not a business either, again there are millions of websites making nothing. So if a product is not the business and a website is not the business, what is a business? The answer is customers; Robert Kiyosaki once said the rich build networks, while everybody else looks for work. And it's absolutely true, call it a database, call it customers, call it a list, it really doesn't matter what it's called. Anybody that is successful has a network of people that they can market to directly.
And that's exactly what we re going to create for you. Now to build this list were going to need to have a special type of website. Your website is your storefront to the world and we will be creating a special kind of website that s designed just to capture visitor s names and e-mail address thereby allowing you to build this all-important list. Now again please don't worry if creating a website terrifies you. Despite what you may be thinking, you can create an amazing website in just one day. And of course I'm about to show you step-by-step how to do this. We are currently seeing some examples of the types of websites that you will be creating very, very soon. So, Step Two is we create a website so we can build a list of people interested in our profitable niche. Let's move on to Step Three, the third and final step of how to make money online. Step Three is as follows, we market related products to our lists. This is where the monetization takes place. Once we started to build a list in a profitable niche, then we introduce our list to products that they may be interested in. This is known as Affiliate Marketing and this is a multi-billion-dollar a year industry. We will send our lists a unique link to a product which we know that they will be interested in. If somebody clicks on it and purchases the product that we recommend we will make a commission. There are hundreds of places online to find products that match your niche or if you discover that you really enjoy this business you may end up creating your own product, more about that a bit later.
So to recap, the three steps to making money online, Step One - we find a profitable niche. Step Two - we build a list of people interested in this profitable niche. Step Three - we market related products to this list. Now, naturally each step has various elements to it and that is what Chris Farrell Membership is all about, teaching you this entire process. I call this your engine -- and only when you have your engine set up and configured correctly can you begin to start to make money online. So how long is all this going to take? I always say you need to be looking at, at least a few months until you have everything set up correctly and then a few more months, until you start making regular money. You are not going to make money by next week or probably next month, I just want to manage your expectations here. It took me six months before I made anything online but now I make money online every single day, literally every day. I only say this to illustrate that with the correct mindset which we've already discussed and understanding the process which we've now been through, you can achieve the same. So to summarize the three steps are: Step One - we find a profitable niche. Step Two - we build a list of people interested in this profitable niche. Step Three - we market related products to this list. Ok here s what I want you to do. I can t tell you the amount of people who do not understand this process. Most people try and sell something straight away. They may make one or two sales but for regular, residual online income the FIRST thing you need to do is build a list of people that you can market to. I want to make sure that you do understand this process so please post the 3 steps below.