7 Steps To Turn Your PASSION Into An Online Business
7 Steps To Turn Your PASSION Into An Online Business
7 Steps To Turn Your PASSION Into An Online Business
7 Steps To Turn
Your PASSION Into
An Online Business
Step 1: Discovering Your Passion
When thinking about discovering your passion, here are a few questions you might ask
yourself…
When people ask me for help, what do they usually turn to me for?
The point of discovering your passion and using it in building your online business is so
that you are excited and motivated by what you do every day—even when the going
gets tough.
What life experience do you have that you could help others attain or overcome?
When starting an online business, you want to think about your passion and its
potential in the market. This brings us to your next step, market fit.
Market fit be simply described as the group of people that fit your product.
Think about…
Is the market size big enough for you to profit from it?
There are several people who can benefit from your expertise. To name a few, people
who are lactose intolerant or people who avoid eating meat for health or religious
reasons. This is likely a very large market, with a lot of potential to profit.
The best and easiest way to find out for sure is using the Google Keyword Planner.
Lastly, assess the amount of searches which indicate your market size.
Here above we can see using our example that there are on average 10 million to 100
million monthly searches for keywords related to vegan cooking! That’s incredible
potential for marketability and profit!
Now that we know how to determine our market fit and potential we can start to get
into the head of these potential customers and better understand their needs. This
brings us to our next step, creating an avatar.
Any good business starts with catering to their customer, that’s why this step is vital to creating
a successful product and marketing strategy.
You must understand your customer’s needs and fears so you get down to how you can better
help him/her.
Where would you be able to find your ideal customer (sites, communities, etc.)?
If you do a good job of defining your avatar then they will become as real to you as a real
customer. You should be able to narrow in on the type of language they will be most responsive
to, be able to know what keeps them up at night, what would motivate them.
In turn you’ll be able to structure your product with the right pain points and solutions that will
be delivered in a way that will resonate with your potential customer.
Now that you better understand how to narrow in on your ideal demographic, let’s talk about
building a list of prospects in our next step on building a following.
You want to cultivate a strong relationship with these people because they will look to you as
an authority figure and will in turn seek and take your advice.
This means that later down the road when you want to make a recommendation to them about
a product you will be offering, they will trust you.
There are numerous outlets where you can build a following. You will recognize them by the
names of major social media platforms YouTube, Instagram, Facebook, but also including
various online forums and sites. You can even start to build a following offline through your
communities, interest groups, etc.
The best place to start is where you think most of your prospective buyers will be. This may be
in a particular Facebook group, maybe it’s Instagram because you have a young demographic,
or it may even be so specific as in your local communities, like a self-help book club, etc.
So what do you start with? Start by cultivating a relationship with those people. Maybe you
start that Facebook group or Instagram page and start inviting or following people who would
be interested in your content. Maybe you start publishing cooking videos on YouTube. Maybe
you start commenting on a forum and building authority among its users.
The point here is to find where your prospective buyers are and start an outlet of
communication with them so you can build rapport. Give them value and they’ll want
consistent communication from you where you’ll eventually be able to sell targeted offers to
them. Before we do that though we need to first build a list of prospective buyers.
A rookie mistake is to start monetizing to early. Another rookie mistake? Taking too long to
monetize.
You want to send your list free content emails before you start sending them promotional ones.
These can be short articles you send them, pdf reports you link off to, or even videos that you
find on YouTube that you think will be helpful to your subscribers.
It doesn’t have to be content you create, but it does need to be content that they find valuable.
You’ll want to send at least two free content pieces before asking for anything in return.
With ClickBank you can earn commission of 75% on products you promote from the ClickBank
Marketplace.
The key to navigating the ClickBank Marketplace is to start with the category your subscribers
are most likely to be interested in.
These are the products that are selling the most for our
affiliates and are most likely going to pump out the most bang
for your promotional buck.
A couple of tips:
Other things to look out for are if the product offers re-billing
commission which means the product owner has a product
that bills the customer each month, and they’re willing to give
you a percent of what’s earned—month after month.
After you get up and going, you’ll want to think about how to
scale your efforts. That’s in our next step.
There are two main ways to make more money, which generally applies any business.
One way to get more customers is to increase your focus on Step 4—building your following.
You should always be growing your following and as a result growing your list. A way to make
more money per customer is by continuing to give great value to your subscribers so that they
want to buy from you over and over again.
Instead of being an affiliate and driving traffic to ClickBank products for a commission, you can
be the product owner and have affiliates drive traffic for you and make you sales! By packaging
your own product as a pdf, audio, or video series you can sell to your subscribers and keep
100% of the profits.
With you’re own product, you can have affiliates sell your product for you. There are around
100,000 active affiliates on ClickBank looking for interesting, high-converting products to
promote to their following, just like you! You can create sales pages and membership sites with
tools like Kajabi.com, Clickfunnels, or our simple tool, the ClickBank Builder.
For now, if you haven’t yet, lets get you started with a ClickBank Account, by clicking HERE.
Make sure to look out for emails from us since we’ll be sending you some really exciting
strategies and training on building your online business very soon.