My Internet Business Success Formula For Beginners - Your Proven Path to Success in 2021
To say it mildly, online businesses are minting millionaires in droves and this is the best time in all of human history to jump online and create wealth for you and loved ones faster than you ever thought possible. This is not utopian.
It used to take companies at least one hundred years to move from their humble beginnings to global brands. Global brands like P&G (1837), Nestle (1866), Heineken (1864) readily come to mind.
On the other hand, it took each of Microsoft (1975), Apple (1976), Amazon (1994) and Google (1998) less than 10 years to become household names.
Making it big is not limited to tech giants. Individuals are making a killing online in fields as varied and mundane as online training, physical fitness, and writing (otherwise called blogging).
Take as an example Brendon Burchard. He is an online trainer who started circa 2009. Today he has over 3 million students in over 100 countries. Hiss impact is so massive, Oprah refers to him as "One of the most successful online trainers in history." His networth is estimated at N22million.
Another example is Ramit Sethi. He launched his first blog in 2004 and in 2018 was featured in Fortune and Forbes simultaneously. In the same year, Forbes featured Ramit side-by-side with Warren Buffet and estimated his networth at $25m.
Making it big is not limited to the menfolk. Chalene Johnson, the global physical fitness icon, has an estimated networth of $10million, while Marie Forleo has estimated networth of $14million.
While Chalene Johnson has been a household name as a physical fitness coach for over 30 years, Marie Forleo catapulted to fame within the last 10 years aided by her Marie TV, online training, coaching and books.
The fastest, easiest, and cheapest way to make it big is to harness the power of the internet. As the internet gurus say, to succeed online, do what works. In short, do not try to reinvent the wheel.
The internet is a paradigm shift. While it has created stupendous wealth for those who master its ecosystem, it has also accelerated the gap between those who know how it works and those who don't.
Generally, whenever there is a paradigm shift, the knowledge base is reset to zero and everyone has to learn anew. To learn fast and easy, it's necessary to follow a proven path.
To succeed and thrive, you should follow what I dub Internet Business Success Formula For Beginners. As you know, there is order in the universe. If there were no order there would have been chaos. My Internet Business Success Formula For Beginners is a brief but powerful framework that shows you how to succeed Online. If you follow it, you'll succeed. If you don't, you will fail.
The formula consists of 7 steps. Here they are:
There you have them, the seven planks that constitute my Internet Business Success Formula. You may be wondering, where is technology, after all we are talking about the internet. The truth is, technology pervades all the seven steps, but technology remains what it is, an enabler. Technology enables you to scale and reach thousands online, but in the end relationships triumph. So we talk about hi-tech, hi-touch.
In the long run you must master technologies that enable you learn day and night, be visible off and online, build relationships, build a mailing list, create products, learn how to market and sell online, and master strategies to win long term.
Knowing the technical aspects or technology is important because you're dealing with machines and technology will help you scale and automate but it's not a paramount condition for success for a beginner.
Success online is anchored in the two magic numbers: 10,000 customer base and $10,000 monthly recurring income. You can achieve both easily if you follow the 7-Step Internet Business Success Formula I have given you in this article. Once you hit these numbers, you're ready to leverage technology to scale. That will be the subject of another article.
Paul is the creator of iSchool, iBFC (Internet Business Foundation Course, iBMC (Internet Business Mastery Course), Content Marketing Mastery Course and BWC ( Book Writing Clinic) where he teaches how to build business online, and write books among others. The founder of Vision & Talent Training Group, he is the author of Bridges to the Customer's Heart, dubbed The Customer Service Bible. Richmond Dayo Johnson, referred to him as "One of Nigeria's most authentic experiential writers." His clients include Fortune 500 and some of Nigeria's biggest corporations including Dangote, First Bank, and Nestoil Group (whose clients include ExxonMobil, Chevron, Shell, and NNPC, amongst others). Paul has been featured in The Guardian, Vanguard, and SilverBird TV. A McKinsey Executive Panel Member, he's a Platinum Author at EzineArticles.Com with 49 articles. Paul's E-Product Development Blueprint For Beginners published on Medium has been downloaded over 1,000 times. A trainer par excellence, overall, Paul has trained over 5,000 in his banking and consulting careers and has over 350,000 training man-hours under his belt. Paul is always happy to help executives write books, create courses, and build their expert empires. Invite Paul to speak at your retreat, strategy or quarterly review session on Winning As A Team. Email: paul@pauluduk.com. Website: https://www.pauluduk.com/page.
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