TES 033 - 7 Keys to an Online Business
Building Your Money Machine
Introduction
Learn about the blueprint for financial liberation and the freedom to build real sustainable wealth in this chapter. Join the host, Mel Abraham, for a free three-part live training experience focused on building financial freedom.
In this episode #1 Bestselling Author and Highly Acclaimed business & Entrepreneur Expert, Mel Abraham continues answering a question sent in by Marie from St. Lucia. Shifting focus from the outline of general business plans, he talks about the specific elements necessary for online businesses.
Here are the 7 elements to consider in the planning process of online businesses:
- Content Creation: We need to create content or products on a regular basis to get to our consumers. Develop a content creation strategy that can be used to put products online on a regular basis.
- Traffic Cultivation: You can set up the best website or online system but it doesn't mean anything without traffic. People must view it, and interact with it. So, how are you going to bring in people?
- Conversion Optimization: Even before running traffic through it, we need to optimize the conversions first. Put a strategy in place to get your conversions as high as possible and then run the throughput.
- After Sale Magnification: After selling, you need to build a relationship with customers to get more sales and revenues. It is about how you can integrate more products or offerings in the sales process.
- Technology Utilization: Plan to use technology that supports and leverages your time. Automate the process and track it so you know exactly what your customers are choosing. Let technology map it out for you.
- Growth Integration: Build a growth integration strategy to give customers something complementary to what they have already done. Use technology to deliver something that is a few degrees off.
- Customer Elevation: A mutual relationship based on trust should be maintained with customers. So, elevate them to a higher position than where they started to maximize the lifetime value of consumers.
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ABOUT MEL ABRAHAM
Mel is the founder of Business Breakthrough Academy and Thoughtpreneur Academy where he helps entrepreneurs bring their businesses to the world and build the lifestyle that they want. Mel is one the most sought after entrepreneurial mentor and strategic thinkers of our time. Unlike many other so called “business coaches”, Mel has lived everything he teaches and continues to do so. Mel has built, bought and sold numerous multimillion-dollar businesses for himself as well as his clients. As the author of The Entrepreneur’s Solution: The Modern Millionaire’s Path to More Profit, Fans & Freedom Entrepreneur, Mel’s strategies have helped build thousands of businesses and have generated hundreds of millions of dollars for his clients, ranging from large corporations to startups and small family-owned businesses.
Mel is a true believer in the entrepreneurial way of life and says that this “new frontier” is the paradigm that will shift society from simply existing to living life bigger, bolder and on their own terms.
Meet Mel at http://melabraham.com/
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