Starting a Business in College? The 5-Step Formula for the Online Business Entrepreneur
This article is designed to give you that 5-step formula to help you determine if it's right for you.
As I map out the 5 mandatory steps for becoming an online business entrepreneur, you need to keep in mind that, as an online marketer, you need to establish yourself as a leader and think outside the box for new solutions to problems.
Anyway, I'm sure you're sick and tired of being told what to do in college, or perhaps in any side job you may have experience up until now.
But today is the first day of the rest of your life...
because today is the day you're deciding to take the bull by the horns and take full control of your life once and for all! So here's your 5-step formula to follow to set you off in the right direction as an online business entrepreneur...
1) Follow online training courses for how to market online.
Of course, you'll get nowhere without the proper training.
I know, I know...
You're sick of the training already! But trust me, this will time it will be a fun transformation.
My daughter finished her business bachelor's degree a few years ago and did nothing with it.
Since then, she had decided to go full force as an online business entrepreneur, and she started this venture while she was still in college.
It took her about two years to where she was making $10,000 monthly - and she just recently had her first $25,000 week! Of course that in no way guarantees that you can make the same kind of money - not everyone follows directions and thinks outside the box like she does.
But if you're in college, than I'm guessing you just have what it takes as well to establish an online business entrepreneur career.
You might think that two years is a long time - but look how long college takes (and how much money too) - and there's still no guarantee of a job when you get out.
2) You can sell these same training courses and receive commissions.
More people are looking for a way to make money online that anything else these days.
So, if you're a part of a system that teaches you how to market online and provides all the tools to get started, you're in a place where you can earn while you learn.
3) This is something you can work at part-time, but you must stay consistent.
In my daughter's case, she went to college part-time, sold insurance part-time, and the remainder of her time was invested in learning to become an online business entrepreneur.
As you watch training videos, simply implement what you learn reflected in a blog or video.
So you're learning and teaching others at the same time.
Just like any other business, any internet marketing plan requires investments.
However, compared to any other "brick and mortar" business, these fees are very minimal.
4) Invest 20% of your internet earnings back into marketing.
It takes money to market (which is why you should not go into this business (or any other business) broke from the start).
But once you start generating commissions, the idea is to simply take 20% of your earnings after business expenses (such as merchant account fees) and invest into marketing.
What kind of marketing? There are all kinds, as you can learn in your training courses.
Some people create Facebook ads, others buy leads, and still others spend the money on SEO fees to rank their sites in Google.
Just pick what you like best.
5) Up-sell to your existing customers.
Marketing experts tell us that it's way easier to sell more products to your existing customers than find new customers.
Be sure to pick an internet marketing system that contains up-sell features with higher costing products, allotting higher commissions to you.
Just remember that no one is born an expert online business entrepreneur, and there's always a learning curve.
Just take it one step at a time, always learning and create online content as you learn.
In the end, there's no greater reward than learning how to market online and helping others...
In fact, the "gurus" who make the millions stay in the game because they just plain love leading others to begin a life as an online business entrepreneur.