Have you been thinking about creating your own website to earn money online? Perhaps you already have a business or business idea and want your own web presence. Or maybe you just know that you want to make money online but have no idea what it entails.
To give you an idea of what is involved, I will outline the 7 steps you need to take to set up your own money making website. This will give you the basics of what is involved and allow you to do more research and advance in each of these seven areas. * Step 1: your business idea
If you already have a business or business idea, you can skip this step. If not, take some time to write a list of all the things that interest you. The chances of success in your new business are much higher if you are doing something that you are passionate about. This way, you won’t feel like you’re doing work when you start spending time on this. Don’t worry too much about a product at the moment, just think about the things you like to do, maybe you like to cook, play soccer, or travel abroad. Try to write down at least 5 things that you enjoy.
* Step 2 – Research your market and analyze the competition
After you have completed Step 1, you need to find out if there is a market in the areas that interest you. At the same time, you may want to avoid entering a market that is highly competitive. In my experience, the best way to analyze this is by using a tool called Wordtracker. Note that the trial version is a scaled-down version of the much more powerful full version home business ideas and only includes statistics from one search engine instead of multiple engines. Use this software as a brainstorming tool and write down your interests that occurred to you in step 1 (or your original business idea). Wordtracker will return related keywords, which you can then select and add to your “basket”. At this stage, it’s best to keep an open mind and fill your basket with around 1000 keyword phrases. Lastly, you can do a “competitive analysis” on the keywords you have chosen. This will allow you to see how many searches are performed per day per search engine for each keyword phrase. In addition to this, you will also see the number of competing websites and a value called “KEI”, which is a “Keyword Effectiveness Index”. You have a better chance of success if you choose keywords that have a KEI above 100. If your KEI is above 400, then you have an excellent chance of success.
Make sure you spend enough time on this planning phase, repeating the above process over and over again until you have a good set of keywords related to good KEIs. Once you’ve chosen your keywords, you need to check your competition by typing the keywords into Google and looking at the top websites for each keyword phrase you’ve selected. The Google and Alexa toolbars can help you with your competitor website analysis.