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'Planning a Successful Online
          Business'
           Part 1: Mindset
  Part 2: Research & Monetisation
   Part 3: Online Business Models
About me…
• Founder/Owner of three successful online
  businesses.
• Replaced my income and now work full time
  from home with my amazing, handsome and
  sexy husband.
• Been working from home & online since 2008.
• Sacked the boss officially in 2012.
• Other interests are travel and property
  investing.
Every new business starts with an
             IDEA.

  But how do you turn it into a GREAT IDEA?
Where to start…
                  Business Idea CREDIBILITY

• Q: How would this business idea translate to the offline
  world.
   –   Would it sell?
   –   Could you become the authority on the topic?
   –   How credible is the idea?
   –   Is there a market?

 The WEB only takes a good business idea and makes it
                   more efficient.
$$$
• How to determine if your business idea is
  profitable.
• Google Adwords Keyword Tool
  – How many searches (Aust / Global)
  – How much competition
  – How much money…?
     • Product price X volume of converting traffic = $$$
  – How much profit.
Top Google Result Gets 36.4% of Clicks
Case Study: Body Wraps
– Google Adwords Keyword Tool
   • 6,600 Local Monthly Searches for (Body Wrap)
– Traffic Estimate if #1 Organically
   • 6,600 multiplied by 36% = 2,376 Visits
   • (19,700,000 results in Google)
– Conversion Rate Average is 3-5% (Australia)
   • 2,376 Visits multiplied by 5% = 118 Sales / Month
– Income (body wrap = $180)
   • 118 sales x $180 = $21,240 / month ($250k/year)
– Profit % multiplied by Income = Earnings
Great Idea!
• Mindset.
    – The Who, What, When, Why & How…
•   End Goal?
•   How much money will I make?
•   How much time?
•   When will I take ACTION?
•   Who will be involved?
•   How much money will it cost (outlay)?
No Shortcuts
• Don’t look for shortcuts.
• Fail, do it often, do it cheaply and learn from it.
• Learn to do what you can do, outsource what you
  simply cannot.
   – Learn how to:
      •   Buy a domain name & hosting.
      •   Build a simple 5 page wordpress site.
      •   Learn how to drive traffic to your site.
      •   Learn how to write content.
      •   Make your first sale online.
      •   Rinse and Repeat.
Online Business Models
• Making money online can be broken down
  into:
  – Selling products (digital / physical)
  – Selling services
  – Selling other peoples products / services (affiliate
    marketing / drop shipping)
  – Selling advertising space
Innovation?
• Innovators (3% of the market will respond)
  – New, unique, original (eg Tablet)
• Mass Market (60% of the market will respond)
  – Capture the movement (Apps)
• Laggard (37% of the market will respond)
  – late adopters (Mum is on facebook – Finally)
Competitor Analysis
• Competitors:
  – Who are your competitors?
  – What are they doing well?
  – What could be improved?
  – Try their products / services if possible.
  – What will be your point of difference.
     • Price / Quality / Service?
In Summary
•   Start with an Idea.
•   Research your market.
•   Do some math.
•   Make a plan.
•   Take action.
•   Fail, Learn.
•   Rinse & Repeat.
•   Succeed.
Part 8: Marketing & Traffic
(in a Penguin-Panda World)
Inbound Marketing
                      includes…

•   SEO
•   Google+ Local (Google Places)
•   Adwords / PPC
•   Social Media (+social media PPC)
•   E-mail & Newsletter Marketing
•   Affiliate Marketing (as a merchant)
•   Video Marketing
SEO
• What to avoid:
  – Low quality links
  – Over optimised anchor text
  – Keyword stuffing
  – Thin content
  – Content farms
  – High bounce rates
SEO
On-Page
• Tips
  – One keyword per page.
  – Title tags:
     • Keyword #1 – Keyword #2 | Business Name
  – H1, H2 and content
     • don’t aim for a keyword density, just include the
       keyword naturally.
  – Technical infrastructure
     • Wordpress is SEO friendly (use plugins)
     • Create an XML sitemap and submit to WMT
Off-Page
• Tips
  – Google Account
     • WMT (submit your xml sitemap)
     • Analytics
  – Link building
     • Quality not quantity
     • Use the business name + URL primarily as the Anchor
       Text
     • Social Profiles, Local Business Directories
     • Don’t pay for link building packages you will get stung
Google+ Local
• 30% of searches include a local search term
• Source of traffic on Google, Smart Phones and
  Tablets
• Only for businesses that serve customers at
  their physical location.
• Claim and verify your listing – it’s free.
• NAP – keep consistent.
• Citations = high rankings.
Adwords
•   Pay-Per-Click
•   Can be used while your rankings improve
•   Can be used to boost traffic volumes
•   Can be very costly.
•   Do the math:
    – Cost per conversion > profit on product then it’s
      not worth the expense.
Adwords: Case Study
• Perth Plumber
  – Well optimised campaign
  – Average CPC >$10 for “Hot Water Service”
    keywords
  – Tracking shows conversion rate is 5%.
  – Cost per conversion is $220!!!
  – Even though the sale is >$1000, at $220 the cost
    of gaining that customer is too high.
Let’s get Social
• Assisted Conversions
   – Can track in Google Analytics (eCommerce enabled
     campaigns) how many assisted conversions came from
     Social Media
• Google+
• Facebook
   – Facebook have a very good PPC platform that is
     inexpensive
   – Have a strategy…how does one go from ‘like’ to ‘purchase’
• Twitter
• YouTube
• LinkedIn
E-mail / Newsletter Marketing
• Making the most of your database.
  – Remember a conversion is the collection of an e-
    mail as well as a sale. If possible do both.
• Free program: Mail Chimp (up to 5000)
  – Keep it regular.
  – Add value.
  – Make the sale.
Video Marketing
• Think ‘How To’ videos.
• Google owns YouTube.
  – Optimise your videos titles, descriptions + tags.
• Bunnings do this very well…
  – Great content
  – Highly valuable to the end user
  – Optimised for the search engines

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Planning a Successful Online Business

  • 1. 'Planning a Successful Online Business' Part 1: Mindset Part 2: Research & Monetisation Part 3: Online Business Models
  • 2. About me… • Founder/Owner of three successful online businesses. • Replaced my income and now work full time from home with my amazing, handsome and sexy husband. • Been working from home & online since 2008. • Sacked the boss officially in 2012. • Other interests are travel and property investing.
  • 3. Every new business starts with an IDEA. But how do you turn it into a GREAT IDEA?
  • 4. Where to start… Business Idea CREDIBILITY • Q: How would this business idea translate to the offline world. – Would it sell? – Could you become the authority on the topic? – How credible is the idea? – Is there a market? The WEB only takes a good business idea and makes it more efficient.
  • 5. $$$ • How to determine if your business idea is profitable. • Google Adwords Keyword Tool – How many searches (Aust / Global) – How much competition – How much money…? • Product price X volume of converting traffic = $$$ – How much profit.
  • 6. Top Google Result Gets 36.4% of Clicks
  • 7. Case Study: Body Wraps – Google Adwords Keyword Tool • 6,600 Local Monthly Searches for (Body Wrap) – Traffic Estimate if #1 Organically • 6,600 multiplied by 36% = 2,376 Visits • (19,700,000 results in Google) – Conversion Rate Average is 3-5% (Australia) • 2,376 Visits multiplied by 5% = 118 Sales / Month – Income (body wrap = $180) • 118 sales x $180 = $21,240 / month ($250k/year) – Profit % multiplied by Income = Earnings
  • 8. Great Idea! • Mindset. – The Who, What, When, Why & How… • End Goal? • How much money will I make? • How much time? • When will I take ACTION? • Who will be involved? • How much money will it cost (outlay)?
  • 9. No Shortcuts • Don’t look for shortcuts. • Fail, do it often, do it cheaply and learn from it. • Learn to do what you can do, outsource what you simply cannot. – Learn how to: • Buy a domain name & hosting. • Build a simple 5 page wordpress site. • Learn how to drive traffic to your site. • Learn how to write content. • Make your first sale online. • Rinse and Repeat.
  • 10. Online Business Models • Making money online can be broken down into: – Selling products (digital / physical) – Selling services – Selling other peoples products / services (affiliate marketing / drop shipping) – Selling advertising space
  • 11. Innovation? • Innovators (3% of the market will respond) – New, unique, original (eg Tablet) • Mass Market (60% of the market will respond) – Capture the movement (Apps) • Laggard (37% of the market will respond) – late adopters (Mum is on facebook – Finally)
  • 12. Competitor Analysis • Competitors: – Who are your competitors? – What are they doing well? – What could be improved? – Try their products / services if possible. – What will be your point of difference. • Price / Quality / Service?
  • 13. In Summary • Start with an Idea. • Research your market. • Do some math. • Make a plan. • Take action. • Fail, Learn. • Rinse & Repeat. • Succeed.
  • 14. Part 8: Marketing & Traffic (in a Penguin-Panda World)
  • 15. Inbound Marketing includes… • SEO • Google+ Local (Google Places) • Adwords / PPC • Social Media (+social media PPC) • E-mail & Newsletter Marketing • Affiliate Marketing (as a merchant) • Video Marketing
  • 16. SEO • What to avoid: – Low quality links – Over optimised anchor text – Keyword stuffing – Thin content – Content farms – High bounce rates
  • 17. SEO
  • 18. On-Page • Tips – One keyword per page. – Title tags: • Keyword #1 – Keyword #2 | Business Name – H1, H2 and content • don’t aim for a keyword density, just include the keyword naturally. – Technical infrastructure • Wordpress is SEO friendly (use plugins) • Create an XML sitemap and submit to WMT
  • 19. Off-Page • Tips – Google Account • WMT (submit your xml sitemap) • Analytics – Link building • Quality not quantity • Use the business name + URL primarily as the Anchor Text • Social Profiles, Local Business Directories • Don’t pay for link building packages you will get stung
  • 20. Google+ Local • 30% of searches include a local search term • Source of traffic on Google, Smart Phones and Tablets • Only for businesses that serve customers at their physical location. • Claim and verify your listing – it’s free. • NAP – keep consistent. • Citations = high rankings.
  • 21. Adwords • Pay-Per-Click • Can be used while your rankings improve • Can be used to boost traffic volumes • Can be very costly. • Do the math: – Cost per conversion > profit on product then it’s not worth the expense.
  • 22. Adwords: Case Study • Perth Plumber – Well optimised campaign – Average CPC >$10 for “Hot Water Service” keywords – Tracking shows conversion rate is 5%. – Cost per conversion is $220!!! – Even though the sale is >$1000, at $220 the cost of gaining that customer is too high.
  • 23. Let’s get Social • Assisted Conversions – Can track in Google Analytics (eCommerce enabled campaigns) how many assisted conversions came from Social Media • Google+ • Facebook – Facebook have a very good PPC platform that is inexpensive – Have a strategy…how does one go from ‘like’ to ‘purchase’ • Twitter • YouTube • LinkedIn
  • 24. E-mail / Newsletter Marketing • Making the most of your database. – Remember a conversion is the collection of an e- mail as well as a sale. If possible do both. • Free program: Mail Chimp (up to 5000) – Keep it regular. – Add value. – Make the sale.
  • 25. Video Marketing • Think ‘How To’ videos. • Google owns YouTube. – Optimise your videos titles, descriptions + tags. • Bunnings do this very well… – Great content – Highly valuable to the end user – Optimised for the search engines