Become An Internet Business Tycoon Online

Did you know that there have been internet business tycoons online for years now that started with no internet marketing experience, zero business marketing experience and most of them had no product to sell online in the beginning?

Take the write of a top weight loss ebook on Clickbank who now sells thousands of copies each month and makes a high 6-figure income from that one product alone!

How about another friend of mine that runs a sports training membership site that brings in more than $500,000 each month – and he only spends about a day each week updating the material on that site!

Then there is the 7-figure affiliate marketing guru who turns niche affiliate sites into massive money makers channeling sales from eBay, Amazon and other internet marketing affiliate programs.

The fact is that Billions of dollars are changing hands in online business for everything from information and services to vacuums and televisions. 

So how do you get started and what should you expect to achieve in the first few months of starting your path toward becoming a business tycoon online?

1.  Know Your Internet Buyers

When I start and grow a new internet business or help our InfoMarketer’sZone customers build their profit level to 6-figures, it always starts with finding a group of hungry buyers who are spending money based on a highly emotional desire to…

• Avoid or overcome a challenge, pain or frustration in their life (lose weight, control a fear or anxiety, stop painful hemorroihds, etc…)  – OR –
• Achieve a dream, passion or goal for themselves (make more money, get a promotion, attract more women, look better (younger, more muscular, healthier, etc…)

The key to master internet marketing and become a business tycoon online is to know exactly what your prospect wants, why they want it, exactly how they express what they want (words, phrases, comments) and understand the frustration they have experienced thus far in NOT getting what they want. 

Inside InfoMarketer’Zone we share several methods of “spying” on internet buying and e-commerce behavior to know exactly what people are buying, why and how much.  From there you can study that internet market and become a master at giving them what they want in return for huge profits. 

2. Niche It Down

Now that you know your buyer and the problem they are trying to overcome or desire they are trying to fulfill , then you want to look at the competition?  Check out Amazon, Clickbank, eBay, Commission Junction, discussion forums, conduct surveys – any other way you can find out what your market is already buying.

For example, we recently developed an ebook blueprint for Getting Unstuck In Your Life for people that have found themselves at that point in their life when they need to re-think their purpose, their motivation and goals…

We started by watching our target market – those people seeking increased stress management, to be motivated, to boost their self confidence and to improve their lives – what we discovered by examining hte different niche markets in this area is that while there were tons of ebooks and books being sold on 1 or 2 of the steps to help them, nobody we came across had put together a step-by-step blueprint for dealing with the 5 most important aspects for getting unstuck in their lives which included not only stress management, goals setting/finding one’s purpose, but also controlling fear and taking care of the physical side which holds even the most enthusiastic, motivated people back from achieving their goals. 

Find the exact niche PROBLEM or DESIRE people are looking for and you can easily become a business tycoon online!

3. Give Them What They Want

Ok, so now your hunt for the right product or service becomes simpler – knowing who your buyer is, what motivates them and what is available on the market you have a choice to make…

• You simply pick the top couple of products they are already buying and you start to build your niche online business based on affiliate internet marketing…getting paid a commission for referring customers to existing programs.  This is a great way to start, refine your internet marketing techniques, get to know (at a more detailed level) what your market will buy and make some pretty good cash.  On the downside, you never want to rely 100% on affiliate marketing as you still do not control the product or your income – aim for a long-term balance between affiliate products and your own products or services, that way you hold the keys to your profit not someone else
• You go ahead and create a product such as an information product (ebook, report, video or audio trianing, membership site, etc…), offer a service or license your own products – wholesale for tangible products is another possibility.  Having your own product to sell online should always be your goal, you will get much richers and control your future profits to a much greater extent following this approach.  (NOTE:  Inside InfoMarketer’sZone we teach a system where we use affiliate products to “learn” about a market and then turn that into opportunities for our own products that can’t fail…you get the best of both worlds with short-term profits as well as quickly having your own higher-profit products to sell online.)

The reality of any 6-7 figure online business tycoon I’ve known is that they empoy both models, building customer trust and brand with their own products and referring great products for high commissions as a secondary income tied directly to value they give their customers online.

4. Go Get Em

Now that you have your target market, armed with their buyer “hot buttons” and a killer product offering, you can now go after them using a two-part system:

• First, you scale to 100-200 unique visitors each day (with a mix of paid and targeted SEO traffic) to test different offers, sales funnels, sales pages, etc… AND THEN…
• Once you see 1-2% conversion you can jump to all out MASSIVE action to scale your visitors into the 500+ (and eventually 1000+) daily unique visitors keeping a close eye on your conversion rates

To get this system right, you MUST get the right combination of targeted traffic AND a matching high-conversion sales system.  Falter with either one of these and you will get dismal results, but get the right combination and you will become business tycoon online

5. Take Care Of Your Customers

In the beginning you should be seeing 1-5 sales each day – for a site that is getting 80-100 visitors each day that means a 1-5% conversion rate which shoudl be your initial target. 

When you scale your online business you should be seeing 7-10 sales each day and profits will begin to add-up to a very nice internet profit picture. 

From here, you want to explore ways to improve your profits such as…

• Testing difference price pints to see if you can squeeze out another 20-30 points of profit margin
• Looking at putting together a higher-end offer for the top 20% of your market who really want to go big
• Testing different cross-sell and up-sell methods that turn more profit from each sell
• Test back end offers that turn your one-time customers into repeat buyers
• Mine your current customers for additional product opportunities AND/OR turn them into champions on social networking sites or get testimonials that will help improve your conversion rates further

As you can see, becoming an internet business tycoon online doesn’t happen by accident, there are very common, achievable stages you can quickly go through to MAKE it happen in your life too. 

For more help you can use the training, tools and internet marketing mentorship forum at InfoMarketer’sZone to get results with more certainty quicker. 

Which step are you struggling with?  Leave us a comment…and let’s get you growing your own internte profit center.