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Copyright © 2010 Ryan Parenti
Todd was in trouble. Our internet marketing training for online business was selling like crazy. Orders were coming from everywhere. We were able to get outside help, but it wasn't enough.
We stopped advertising, but the orders still kept coming and we were in way over our head.
OK, I know what you're thinking "how is that a bad thing?" but we didn't have any system step up for product fulfillment and we under estimated the impact our marketing would have.
The truth is if you want to build a real business, it needs to be scalable. Here are the lessons learned from that fatal day and the take aways you can use to build your business the right way.
1. You Need To Figure Out Yourself Before You Grow A Business
You need to know yourself and exactly what your good at. This is important because if you are not good a HTML then you do not want to build and grow your business by doing HTML.
Instead you should clearly define, understand, and build a business around your strengths.
2. You Need To Find The Big Money Opportunity (The Market)
Look at the market to find out what to sell. The goal is to determine what they want then go out and give it to them.
The market will show you where the big money opportunities are.
The money is in developing a clear vision of the biggest opportunity in your target market then developing an action plan to take advantage of it.
3. You Need A Compelling Offer
Your offer (what your trying to sell) must be of high value and provide a high return on investment. It almost must be positioned in a way that compels people to take action and purchase your offer.
You want to create an irresistible offer that provides a solid benefit and deliver it in a believable fashion.
4. Develop A Marketing System
Marketing your product or service is the way you get the word out.
Advertisements, SEO and email marketing are all effective ways to find and retain new prospects.
Discover which avenue of marketing you will take, then execute it masterfully.
5. Build YOUR Business With Help
You need to scale your business by determining profitable actions then turning them into automated systems of duplicate-able and unmanaged creation through the help of smart, dedicated and qualified employees.
I am telling you to discover what actions make you money then train and employ others to complete these actions on a daily or weekly basis (if possible).
Make sure your team members carry the same vision of business that you have.
You are paying more for their mind and creative thinking than any brute work, so it is essential that they understand where you want to go so they can help you get there.
First a quick word of caution: When many people think of hiring help then they of getting the cheapest labor when the truth is you need to find and hire the right people, then do what it takes to keep them.
Good people are very hard to find and you need these people if you want to have a successful business.
6. Everything Should Be Reduced Down To A Number
You can and should measure every aspect of your business so you can determine what is working and what isn't.
Track sales conversions, employee performance, how you're doing, and the level of success you are achieving towards your goals.
You can't improve anything you can't measure.
So track everything you can so you can make incremental improvements to your operational systems like marketing, sales conversation and lifetime customer value.
7. Alliance Partners Increase Growth Rapidly
The easiest way to grow your business is by leveraging other people's resources. You can do this by developing relationships with other related businesses.
There are many advantages of joint ventures and having an affiliate program can easily increase your income times 10.
Structure your business to allow other people to sell and grow your business with you, by creating and promoting an affiliate program and developing joint venture relationships.
8. Develop Product Creation Systems
Set up a team of people to create your products. Perhaps you might need one person to do the market research to see what people are buying and to do keyword research.
Once completed they can then hand over the information to a person who creates graphics and a sales page. Then they can forward the information to a ghost writer who completes the product. This can all happen seamlessly once you develop the system.
Identify which types of products you will create, then develop a team (or a system) to create and market you product for you.
9. Build a Business That Your Completely Free From
Develop systems within the business that make sure profitable steps are taken without you having to do them. Try to set up your business so the business will build without you.
This was the mistake Todd and I made. The day to day operational issues, like product fulfillment, needed to be delegated.
If I only I knew then what I knew now we could have avoided the horror of a business that does too well - like a train going too fast and running off the track.
So the answer is "Yes!" nice guys finish last... if they don't have the proper system set up.
The only question is are you ready to improve your system?
About the Author:
If you are serious about increasing sales, traffic and affiliates on autopilot without spending a small fortune setting it all up go ahead and download this free audio and learn the exact steps you need for increased internet profits: http://BuildOnlineWealth.com/crazyfreeoffer/ Written by: Ryan Parenti
Read more of Ryan Parenti 's articles.
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