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If you’ve never kind of come up with a business plan or you just hate doing business plans I’m going to show you kind of the napkin version of creating an online business for your blog.
So one of the things that really stinks about looking at a blog based business or just looking at an online business is that coming up with where things are going to happen or when things are going to pan out properly meaning like when is the money going to come in, how are you going to create your products, how are you going to grow your list or build your audience so all these things have to be taken into consideration.
With that in mind, let’s hop into how do we properly look at kind of creating an online business plan and how to go through it step by step.
It’s kind of like a mind map and just look at things.
First we need audience:
Where am I going to get my audience?
It could be bloggers, YouTubers, course creators and inside of all of these are online business owners.
Second is how do we get there?
How do we get into our audience?
What we can do is post videos like a YouTube, once we post a video we can create a blog out of that video and then we can also post on Pinterest.
Third is traffic sources:
What about traffic sources?
So this is a little bit different because now we’re looking at where we can get the traffic.
We could say YouTube might be a huge factor.
Amazon, if I make a few books, Amazon could bring in some traffic.
Facebook, Pinterest, Google search, reddit or snapchat or twitter those kinds of things.
Fourth is growing email list:
Because email list is something that’s going to ramp up and grow your audience and as you grow your email list it allows you to sell more to those people.
So as we look at growing our email list, we could get it from ads from Facebook or twitter.
Another thing we could do is a free book offer or mini course series.
Fifth is money:
Where is the money going to come from?
Are we going to get money from affiliates or are we going to make more from courses or are we going to make more from ebooks or ads like YouTube ads and that kind of thing.
Now, you basically have a little basic plan for your business.
This is a way to plan things out in a napkin way for your online business.
Once you have those things going, brainstorm, figure out one or two that you want to target like the primary one and then the secondary one and zoom in on those and concentrate on those for a bit to see if things take off and make it you’re worthwhile.
Then you’ll see if the business is growing or is it making sense if not you either got to pivot directions or pivot businesses completely.
So you’ll have to either make tweaks and adjustments into different spots if you’re not making the revenue you’ll have to tweak the revenue side of things.
If you’re not getting the right audience then you’ll have to tweak the audience size.
And of course sometimes the business just flops it doesn’t work and then you have to kind of move on as well.
