Running an online business is an excellent way to be your own boss, work on your own terms, and (hopefully) make a lot of money. But growing an online business can be challenging. There’s a decent learning curve, and the way people interact with the digital world is constantly changing. I’ve personally grown three separate six-figure online businesses over the last 10 years, and I’ve learned a lot about what it takes to earn more. 7 Simple Steps I’ve distilled everything I’ve learned about growing an online business into the following seven steps.
Figure out where your
Best customers are Before you start investing in ads or spending. Countless hours trying to grow a social media account, you should. Do some market research to find executive data valuable information. About your market and audience—one of the most important things being where your potential customers go for their information. You can post all you want on Instagram. But if the people buying your products don’t use Instagram, that time and effort will be wasted. I like to avoid wasted effort, so here are three ways to figure out where you should spend your time: 1. Research your niche on forums Forums like Reddit are a gold mine of information for consumer research.
There’s a 7 Simple Steps
For nearly any topic imaginable, and people share all kinds of information there. For example, let’s say I want to start selling dirt bike parts. I could type “dirt bikes” into Reddit and immediately find the r/Dirtbikes subreddit, which is full of dirt bike owners and enthusiasts. That BSB Directory tells me the dirt bike community probably watches a lot of YouTube videos. So that could be a potential marketing channel for me that I know my community is using. 2. Check social media to see what kind of content does well Obviously, dirt biking is a pretty popular hobby, and there’s going to be a lot of content about it on pretty much every major platform.
Now, once you’ve found all the untapped ideas with traffic potential from one competitor, don’t stop there. Check the Competing Domains report to find your competitor’s competitors, then look at their top pages too.
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