Becoming a successful business man or woman and achieving millionaire success is a journey (unless you win the lottery – and even then, it takes many, many, weeks, months, or years of playing before someone gets lucky and hits it big). Through this blog category, we’re going to document our journey to success and share them with you. We’d love to hear from you about your experiences, advice, and comments, so make sure you share your thoughts.
So the first step to creating a successful business is the concept. How do you want to achieve your millions? What are you going to do to succeed? Many people start their businesses because they’re working to fill a void. They want something and there’s nothing out in the market place that does what they want, so they build it themselves. Then they see if other people want what they wanted. Sometimes this works and sometimes this doesn’t. Other people look at the market and see a huge demand for something. Maybe this demand doesn’t have something to satisfy it, so they develop something to meet the demand. Or finally, they see something and work to improve on it.
Whatever it is for you, define that concept and define your target market. Find out who wants your product or service. Find out how big the demand is, and define how you are going to reach those people. Marketing to a 25 year old is different than marketing to a 15 year old or to a 65 year old.
Once you have a concept and have defined your target market, then you need to come up with a business name, a value proposition, your unique selling position, and your budget and timeline. Typically, the sooner you want to achieve something, the more money you’re going to need. In the corporate world, there’s something called the project management triangle or the triple constraint. The three sides of the triangle are Scope, Time, and Costs. If one side is shorter, the other sides need to compensate by changing as well. Depending upon your scope (how big you want to grow your business) and how fast you want to get there, your costs change. If you don’t have enough money to increase costs, then your time needs to change etc.
Figure all these factors out and then you can start on the next step.
Here at the Millionaire Success Network, we’re starting from scratch using a bootstrapping methodology. We’ll list the steps we’re going through so that you can follow along and do the same thing (or skip a few steps).
So as mentioned above, the first thing we decided on was our concept or methodology. For the Millionaire Success Network, we’re focused on Internet Marketing. Using different internet marketing strategies, we’ll work on generating a steady stream of income and eventually ramp it up. So here’s what we’ve done so far:
That’s it for now. We’ll be starting by creating authority websites and implementing Google Adsense and affiliate marketing. (If you don’t know what that is yet, we’ll talk about it in a later post). So we’re currently researching niches and keywords.
Here’s the thing, Google and the Search engines are looking for good, original content websites, so if you’re going to do what we’re doing, make sure you work with good writers to create good content for your websites. While there are many “blackhat” methods (or methods to “trick” the search engines) out there, they usually come back to bite you in the behind, so when starting out, stick with the tried and true methods which stay within the Terms and Conditions of the networks and search engines you’re working with. And remember, content is king. So always focus on providing good content not just for the search engines, but for the people who will be going to your site. Remember, we want to achieve our success by helping people. Don’t trick them just to get a buck from them. Focus on helping them and the money will come.
Well that’s it for now. Stay tuned for the next update and let us know if you’ve had some experiences with authority websites and affiliate marketing. Also, stay inspired, motivated, and engaged. If you need help, just go watch some inspirational videos in our previous post here… Millionaire Inspiration
Becoming a successful business man or woman and achieving millionaire success is a journey (unless you win the lottery – and even then, it takes many, many, weeks, months, or years of playing before someone gets lucky and hits it big). Through this blog category, we’re going to document our journey to success and share them with you. We’d love to hear from you about your experiences, advice, and comments, so make sure you share your thoughts.
So the first step to creating a successful business is the concept. How do you want to achieve your millions? What are you going to do to succeed? Many people start their businesses because they’re working to fill a void. They want something and there’s nothing out in the market place that does what they want, so they build it themselves. Then they see if other people want what they wanted. Sometimes this works and sometimes this doesn’t. Other people look at the market and see a huge demand for something. Maybe this demand doesn’t have something to satisfy it, so they develop something to meet the demand. Or finally, they see something and work to improve on it.
Whatever it is for you, define that concept and define your target market. Find out who wants your product or service. Find out how big the demand is, and define how you are going to reach those people. Marketing to a 25 year old is different than marketing to a 15 year old or to a 65 year old.
Once you have a concept and have defined your target market, then you need to come up with a business name, a value proposition, your unique selling position, and your budget and timeline. Typically, the sooner you want to achieve something, the more money you’re going to need. In the corporate world, there’s something called the project management triangle or the triple constraint. The three sides of the triangle are Scope, Time, and Costs. If one side is shorter, the other sides need to compensate by changing as well. Depending upon your scope (how big you want to grow your business) and how fast you want to get there, your costs change. If you don’t have enough money to increase costs, then your time needs to change etc.
Figure all these factors out and then you can start on the next step.
Here at the Millionaire Success Network, we’re starting from scratch using a bootstrapping methodology. We’ll list the steps we’re going through so that you can follow along and do the same thing (or skip a few steps).
So as mentioned above, the first thing we decided on was our concept or methodology. For the Millionaire Success Network, we’re focused on Internet Marketing. Using different internet marketing strategies, we’ll work on generating a steady stream of income and eventually ramp it up. So here’s what we’ve done so far:
That’s it for now. We’ll be starting by creating authority websites and implementing Google Adsense and affiliate marketing. (If you don’t know what that is yet, we’ll talk about it in a later post). So we’re currently researching niches and keywords.
Here’s the thing, Google and the Search engines are looking for good, original content websites, so if you’re going to do what we’re doing, make sure you work with good writers to create good content for your websites. While there are many “blackhat” methods (or methods to “trick” the search engines) out there, they usually come back to bite you in the behind, so when starting out, stick with the tried and true methods which stay within the Terms and Conditions of the networks and search engines you’re working with. And remember, content is king. So always focus on providing good content not just for the search engines, but for the people who will be going to your site. Remember, we want to achieve our success by helping people. Don’t trick them just to get a buck from them. Focus on helping them and the money will come.
Well that’s it for now. Stay tuned for the next update and let us know if you’ve had some experiences with authority websites and affiliate marketing. Also, stay inspired, motivated, and engaged. If you need help, just go watch some inspirational videos in our previous post here… Millionaire Inspiration