Art of Making Money Online

Genius of Human Mind and Murmurs of the Human Heart

Guiding Principles on Making Money Online

Posted on | July 28, 2010 | 251 Comments

My Guiding Principles

You probably will not read this anywhere on the web. These are my guiding principles whenever I setup a new business online. Not many people will share with you these principles. They are fairly universal but understanding their deeper meaning is the most important part of learning how to make money online.

Focus

People often tell you about the niche. What they basically mean is that find an area of specific focus. It cannot be a broad and complicated area. You must be very clear about your product or service. You need to be the authority in that area.

Simplicity

Take a look at google, facebook and twitter. What do they have in common. You think they cannot afford to facelift their websites? Their simplicity is strategic. You also need a front that is simply even for the youngest to the oldest. What you cannot understand or interact with you cannot proceed.

Interactivity

The aim has to be to keep people coming. If you are providing information, you must give people reasons as to why they should join your mailing list. There are many ways you can engage them. They could join your forum, there could be newsletters to subscribe to. You could provide them membership sign on to advertisement, meeting people, send out short messages etc. Always leave a comments page on every page.  Always remember that there must be some thing for them to come back to your website.

Scalability

Start on the premise that the world is your ocean. If you think big you will go far. Why would South American, African, Asians, Indians, Chinese etc come to your site. Are you only talking to Americans? You have find ways to  cross the language and cultural barriers.

Automation

Can you realistically handle 300 websites and 1 Million followers by yourself. You need to maximize your investment in automation to make every lead you have count. People expect you to respond back as soon as possible. It helps to build trust. Never let anyone reply on your behalf. Have ready made response and customize where necessary.

Virality

What ever you start do not see your clients as your direct interactions. Your reputation will go far beyond your wildest dreams. You will have people introducing your website to people as far as China or even Russia. These are people they may not have even met. You need to work on hoplinks embedded throughout your writings to make sure you message spreads tp the furthest corners of the world.

There you have it. Follow these guiding principles and you will be off to a resounding success.

Good Day!

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