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5 Critical Elements of A Successful Online Business
Published by Shaun Douglas — 01-30-2017 12:01:34 PM
Why? Why means different things to different people. Why I work towards building a successful online business? For me It’s all about the lifestyle it allows. The Freedom to live life on my terms and not someone else's. To plan my day however I see fit or to take a day for myself without asking permission to do so. I like the fact that I am not bound by my surrounding. You see if you’re business is online you can work from anywhere in the world as long as you have a internet connection.
Now before you get to your Why. There are 5 Critical Elements of A Successful Online Business you need to understand and master. Let’s start from the top.
A Proven System
The simple truth is that making money online is not complicated. The internet is a great equalizer, anyone can make money online regardless of age, education income or sex. All you need is the right process to follow, and if you follow the process the results are guaranteed.
Here is the good news. You don't have to go through a steep learning curve where you loose lots of time and money. Find someone who’s already doing it and follow in their footsteps. Don’t try and reinvent the wheel.
The fastest path to cash is not figuring out everything yourself but rather learning from others who have been there done that to get your business off the ground in the quickest way possible. I believe in paying it forward. I share my knowledge and experience. This way you will know what works and what does not work saving you lots of time and money.
The Power of Leverage
Ever wonder why McDonalds Franchise is worth so much? Because you’re using the power of leverage. You get the leverage of using their billion dollar brand, their advertising campaigns, their products and their funnels that sell.
In short, you get a guaranteed system that’s proven to work.
The Top Tier Business Model
Top Tier is basically a fancy term for a system selling “high ticket” products or services. In a traditional, non-top tier system (selling at a low price point), think about how many sales you would need to make $5,000 a month?
Let’s have a look:
As you’ve seen Top Tier is the way to go because of higher profit margins with the less work.
Ultimate Profit Model
The most lucrative business model.
High profit margins
No inventory
No employees
No shipping
No insurance
No liabilities
The economies of business today requires top tier, high ticket products and services thanks to rising advertising costs and low margins on low ticket items.
5 Critical Elements of A Successful Online Business
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About Shaun Douglas
Hi, I'm the Editor of the Digital Tools Blog. The Blog is all about Digital Tools you can use to Grow Your Business and Ultimately Your Money Online. My entrepreneurial journey started in 2003. I have been involved in many projects. Some good and some not so good. In 2010 I ventured into the Digital Space and have been involved ever since. I specialize in Digital Marketing. I help companies develop and promote their digital assets.