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Students: How to start right. Making money of of your first website

 

Copyright 2003 by Kevin Bidwell All-In-One-Business.com

Almost everyone who succeeds online does so with their SECOND site, not their first. Most people start out with a site, make a ton of mistakes, learn by doing and-once they have figured out the ropes-get it right the SECOND time.

But it doesn't have to be that way.

If you are starting out today here are some keys to getting it right the first time:

1. Pretend you don't know ANYTHING.

This is hard for some of us. We like to make our own path, create our own luck, succeed on our own terms. Of course, this can really get you in trouble.

Go in with an attitude of "I don't know what I am doing" then find someone to help answer your questions.

I have put up a list of the people I trust when I need my questions answered here:

http://www.All-In-One-Business.com/rec-rec

2. Choose an UNDERSERVED MARKET NICHE

This seems to be the toughest for most beginners: Finding a niche market that isn't already flooded with competition. They're out there. Here are some tools that can help you find them:

http://www.All-In-One-Business.com/wt.html http://inventory.overture.com/d/searchinventory/suggestion/

3. Treat pennies as if they're DIAMONDS

No matter how much money you have to start your business, don't throw it around. Don't buy advertising until you've fully checked it out, don't pay for a 1 month service when 1 week will do, don't waste money on site "bells and whistles" that won't make you money.

What should you spend money on?

* A functional website * Professional copywriting * PROVEN advertising * Personal Guidance

4. Plan to WORK at Your Business

Almost everyone has the same dream: Raking in the profits from a website requiring little or no work.

This is a great goal and it is achievable-but plan to put in a TON of work to get there. If you want to be making $5K/mo a year from now, plan to work 20 hours per week to get there. If you do things right you can take it easy after you get there.

5. Don't give up.

This is the most important key. No matter what, don't give in to the temptation to quit.

Will these five keys make you the next Bill Gates? Probably not, but they may make you the next Jeff Anderson. Haven't heard of him? He's one of my students who just launched his first site-and made over $600 his first week.

If you need more help I would encourage you to take a look at my Recommended Resources here:

http://www.All-In-One-Business.com/rec-rec

Kevin Bidwell is owner of http://www.all-in-one-business.com

Kevin just finished a complete report on building a passive income. Grab your copy here:

http://www.All-In-One-Business.com/passive

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Last updated December 5th,  2006

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