5 Keys To A Successful Online Business
Introduction
As with any other business, a successful online business too must have deep foundations based on these 5 key principles.
1. Targeted Advertising
Advertising online is now more powerful than ever. You can easily find and reach a very targeted audience for your offers and have people visiting your website in minutes! With many platforms now offering a functionality called pay-per-click (PPC) i.e. Google, Bing, Facebook, YouTube and Amazon, picking the right platform for you and your business is key. ![]()
If you are just starting out, consider at most 2 strategies only and master them. As tempting as it is to ‘jump’ around and see what works, you will save yourself valuable time, money and overwhelm, the latter usually comes from information overload!
Have a clear understanding of who your ideal customer is and consider where they ‘hang out’ online before choosing an advertising platform.
2. Lead Generating Websites
The technical term for the website you want to create is a Lead Capture Website. Other techie terms used interchangeably for the same is squeeze page or opt-in page. These sites are 1 page only.
A well-designed page should ‘tell’ your prospect 2 things only! What you are GIVING THEM and what they NEED TO DO now that they are on your page. No other distractions allowed, not even your other cool products and your social media newsfeeds.
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The human attention span is down to 8 seconds; the goldfish in my tank has 9 or 10. Instagram is said to have 68% higher engagement compared to Facebook. Why? That double tap is
3. Build A List
Without being too fancy here, the main objective is to create a fans list
They will chase you for more stuff to buy and you better have it ready. Now that is a good problem to have. Another marketing fact is, it’s cheaper to keep an existing customer than to go out and look for one.
Think about your monthly marketing budget. I certainly don’t want to spend more dollars to get the same customer every other month. I’d rather have a new one and
4. Provide Value
Actually, this right here should read provide overwhelming value. By providing value to your prospects you will build trust and desire for your offers. This is something that every online business should aim for. This will separate you from the competition. Come up with ideas for quality free gifts that you know your prospects and/or fans will appreciate and find useful in solving a
5. Offer Quality Products & Services
In this digital economy age, quality is NOT important, it is EVERYTHING in your business. Information is literally oozing and available to anyone anywhere anytime. Think about how much information you are exposed to digitally in a day. That said, my opinion here for anyone selling anything to anyone online is, they should make it their business to get the one-word feedback every time i.e. WOW.
The online marketplace is a 2-edged sword. The very thing that brings you success has the same potential to bring you failure in equal proportions. Every time I want to trust and buy something I have never bought before, my reflex action is Google and I am there looking for reviews.
Final Thought
The truth is, it’s never been easier as a business to be exposed to negative feedback than it is right now. One of my social media consultants said something the other day that got me thinking. Negative feedback online hurts a big brand or a small coffee shop in exactly the same way. In fact, some big brands will avoid being ‘out there’ online where they can expose themselves to disgruntled customers who only need to jump on a social platform and vent out!
However with quality products, raving fans on your side, and consistent application of these 5 keys to a successful online business…Happy Days!
Wishing you success.
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E.G.
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Eddie Guchu is a Digital Marketer and a Lifestyle Brand Owner. He is based mostly in Perth, Australia & Nairobi, Kenya.
He Works From Anywhere And Teaches Others How To Start & Brand A Lifestyle Business Of Their Own Using a Laptop and An Internet Connection.
Eddie is Also a Professional Deejay - DJ GucheGrande (old school hip-hop fanatic).
Former: He was a Consultant Network Engineer in IT outsourcing and Mining Resources Industries in Western Australia. Holds an MSc in Information Systems Management From Curtin University, Western Australia.
"It Always Seems Impossible Until It is Done - Nelson Mandela"


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