7 Steps to Launch Your Own Online Business with Multiple Passive Income Streams

To launch a lucrative online business is not as difficult as you might think.

For one thing it is much cheaper to start an online business than any brick-and-mortar business.

You can have your business up and running within a week for less than $1,000.

There are however a few aspects that you should consider before you jump in.

Key Aspects of Your Online Business

  1. What would be your main topic or chosen niche?
  2. What will you offer your customers?
  3. Where and how will you get leads or prospective customers?
  4. How will you deliver your products or services?
  5. How will you contact them to make your offers?
  6. How will they pay you for the product or service?
  7. How will you grow your business?

Now let’s look at each of these aspects into more detail.

But before we start, may I first introduce myself?

My Short Story

In 1980 I got my engineering degree at the University of Pretoria in the capital of South Africa. For the first five years I worked as a consulting engineer in the city.

My name is Matt Maré, and I married my wife Martha in 1979 and we both grew up on farms. Soon we realized that the city was not such a good place to raise children and we bought a farm in the Eastern Cape Province.

Unfortunately, we had to sell the farm in 1993 due to a severe three-year drought. We decided to start our own computer business in a local town.

Soon our children joined us in the business, and they took over the management of the business in 2007. We moved to Aliwal North where I managed a walnut project till April 2022.

I now help the children with the marketing of our computer business while Martha looks after the grandchildren while their parents are at work in the business.

I decided to move the business online because Covid taught us that no business can survive unless they have an online presence as well. I learned a lot about online marketing from the Brain Tracy University.

Today I help people to create websites for their businesses and to launch their online businesses.

I hope that it was not too long and boring, but you now know that I have a certain knowledge about creating businesses and running them to give the customers an extraordinary experience.

We build our first business by means of word of mouth alone and today it is still running strong and delivering a great service to all our clients. Some of our first customers now buy computers from us for their grandchildren!

Now let’s jump into the main aspects of your online business.

1. Your Main Topic or Chosen Niche

We chose computers for our business because I wrote some management and bookkeeping programs for the farm and knew that I could adapt it for any business.

First, we mainly market it to farmers but soon the local business owners contacted us to supply them as well with computers and software for their businesses.

You might have some specific experiences that you can use to build your business around. For instance, ex teachers can create excellent information products for their colleagues that are still teaching.

With bookkeeping skills, you can even offer your services to a much wider audience online or you can help business owners to manage their finances better with a coaching service.

The opportunities are endless, but it is always better to choose a niche in which you have an interest in.

First do some research in your chosen field to see if there is a ready market for what you plan to create and offer.

2. Your Core Offer

A good starting point is to find what the main problem is that your ideal customers are struggling with. Find a solution for this problem and package it in a product or service for your customers.

I have created a membership site with several levels for my clients. In the Silver M&M Membership I offer a course that will help you to create an online course or information product for your chosen market.

To gain access to this course, just click the link below: (another tab will open in your browser, and you can always return here later.)

Silver M&M Membership – Course Creator

While you are still working on your products, you can offer other people’s products or services.

I have found a good service, at a small monthly fee, that will allow you to securely backup all your valuable data, photos, and videos to the cloud. Not only will you earn a 200% commission in your first month, but they help you build your list for you automatically.

Just click on the image above to get started. Normally companies will not give you access to the people that use their services.

This is a unique opportunity with a huge potential. Everybody with a smartphone needs this service.

Here is another opportunity where you can earn a huge commission quickly and build a buyers list. This way you will soon build a monthly income by offering other people’s services while you work on your own.

Once you have your own products ready, you can offer it to your already built lists that have proven that they are ready to invest in your offers.

3. Where to Get Leads for Your Online Business

There are normally certain places online where your prospective customers are hiding in plain sight. These are places like forums and Facebook groups. You can do a search on Google for ‘Your Topic’ forum or search inside Facebook for ‘Your Topic’ group.

Ask to join the forum or group and look what questions the members are asking. Normally you can post a link to your website in your profile description.

Now give answers to the questions and help people with their problems. You will soon pick up their unique language or word use and learn a lot from the questions they ask. It will help you in your marketing.

They might find your help interesting and then click on your link. This way they can get in contact with you.

Pro Hint: Never chase after prospects but rather let them come to you. We call it attraction marketing and you will get far better leads this way. It will be people who are already interested in what you have to offer them.

Instead of giving them a link to your home page on your website, I’ll show you how you can create a landing page where you can first get their contact details in exchange for a gift.

Here is a Quick List Building Tutorial where you can learn how it is done in a simple step-by-step way. When you enter your details notice what the landing page looks like and see how the tutorial is delivered to you.

This brings us to the next aspect of creating your online business.

4. How to Deliver your Product to the Customer

As you have seen in the previous example, when you land on the landing page, you are presented with a gift that will be valuable to you. We call it a lead magnet because it will attract your ideal customers and persuade them to give you their contact details in exchange for access to the gift.

With this guide you can quickly create your own customer attracting lead magnets. I call it the Ultimate Lead Magnet Blueprint. You may download it as a thank you gift for reading my article. I know how valuable your time is.

As soon as they subscribe to your list, they are sent to the thank you page. On this page you welcome them to your list and ask them to be on the lookout for your first email. In this email you then give them an access or download link to the gift. In this case it is access to the tutorial.

If you are a good marketer, then you can also tell them about your other offers on the thank you page like the backup service. A certain percentage of people will sign up and you’ll earn a commission. This way you will get paid for your marketing.

Later when you make steady sales each day, you can decide to use paid advertising to send people to your landing page. You can then send them more offers in your follow-up email series.

This brings us to the fifth aspect of running your online business.

5. Contacting Your List Members on a Regular Basis

On the landing page you will have seen the opt-in form where you enter your contact details. This form is supplied by your autoresponder service. All your subscribers are stored in the autoresponder, and you can set it up so that emails are sent on a regular basis to your list members.

You can also broadcast a message to your list whenever you have something to inform them about like a new product or service that you created.

The service that I have been using for several years now is called GVO (Global Virtual Opportunity.) It has all the features that you need to keep in contact with your list and build a relationship of trust with the members.

You can also build your own landing pages with this service, and you can create as many lists as you like.

Try this service if you still don’t have access to an autoresponder:

Get Access to GVO Here

6. How to Get Paid for Your Products

The easiest way to get paid from anywhere in the world is to use PayPal. You can create a business account at no cost. People can pay with PayPal or any Credit or Debit Card.

You can transfer money from your PayPal account to your local bank account or you can get a card from PayPal with which you can access your money at any ATM machine anywhere in the world.

Later you can make use of a checkout service to receive payments on a larger scale.

With PayPal you just place a button in your sales page for people to buy your product or monthly service. It can handle single payments or subscriptions.

7. How to Grow Your Business

Once you have handled your first income stream that is bringing in steady daily sales handsfree, you are ready to add your next income streams. You can create as many as you like and not all campaigns will bring in the same profit.

Together your income streams can run for years with just some tweaking when necessary. Soon you can be financially independent.

The only sure way that you will see success sooner than later is to get hold of a mentor that can give you a proven blueprint or profit system and hold you accountable until you get steady daily sales as much as you desire.

I have found such a mentor in Michael Cheney who built a website for me and loaded my autoresponder with 90 days of winning offers. It helped me to grow my business quickly.

Want to see some proof?

This might be just a small amount, but it adds up if you make several sales per day and the higher ticket sales bring in more than $1,000 at a time.

He offers an apprentice program to a small number of students if you are interested to get it done for you: (You’ll have to apply first.)

Apply for your Millionaire’s Apprentice Program Here

If you follow these 7 simple steps, you can make your first sales way before Christmas!

By Matt Maré

Matt Maré has been an engineer since 1980 and established his own computer business in 1993. He has been married to Martha for more than 40 years and they have three children. He is doing online marketing since 2007 and specialize in list building, website and membership creation and helping people with online marketing.

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