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A-Z Blog Challenge Day 8 : If I were to Start All Over Again with $170 Dollars

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Posted by Cindy on April 10, 2013 at 11:59 am

Why

 

Recently, I was asked this question by a subscriber.

I

“If you were to start all over again with only $170, what would you do?”

 

So I thought I will share with you all about this topic as it also coincides with today’s letter “I”

Here’s what I would do

1) Register for a domain name

This is one of the most important step. Most newbies think they can make-do with a domain that rest on other people’s hosting such as Blogger or WordPress. However, if you want to build credibility for your business, you need to be able to build a strong brand and having a dedicated domain name is one of the best ways to do that.

You can register for a domain name with either GoDaddy.coom or namecheap.com. My preference is namecheap.com. This month’s discount code for April’s domain name registration is “TLDSALE” to get your discount.

 

2) Set up squeeze page

This is a simple web page that allows your subscribers to enter their name and email address in a small form. This allows you to capture their names and email address and continue to communicate with them. In order to increase the number of subscribers who leave you with their name and email address, it is always good to give away something that is valuable such as an eBook with tips on how to build an online business or information that allows your subscribers to be able to solve their problems.

3) Start driving traffic and building a list of subscribers

I would then start to drive traffic and this is the area that I am going to spend some money online. I will buy some ads from online newsletters in order to drive traffic to my squeeze page. So if I were to spend $50 per ad, I will be able to get 3 ads. From 3 ads, I usually will be able to get 100-300 subscribers.

Thereafter, I will spend my time writing articles and contributing to article directories and other

e-zines to drive traffic back to my squeeze page.

4) Build a relationship and find out what subscribers want

Once subscribers have given me their names and email addresses, I will continue to write and email to them to build a relationship with them. I need to earn their trust before I earn their dollar. Once I have a list of 500-1000 subscribers, I will email them a survey or ask them a question on what are the areas in XXX area they are facing difficulties with. When I have a list of their responses, I will sort them according to the number of people who have the same problems, and then I will start looking and sharing a solution with them.

5) Recommend products and services that can help them solve their problems

Once you know what pressing issues they have, you can

  • Start to look for a solution
  • Create an eBook on the solutions if you are an expert in this area.
  • Recommend products or services that will help your subscribers.

So for instance, if I have a list of 1,000 subscribers and I know their problem is with creating a website, I will recommend products to them that can help them build a website that can easily be updated. So with 1,000 names, if only 10 people buy from me for the first time at $50, I will be able to earn $50. I will continue to send out another email and this time, my conversion rate may increase by another 5 more to have 15 people, then I will be able to earn $750 for a total sales of $1250.

So if I were to do the math

  • Domain name about $10.00
  • Web hosting $100.00 per year
  • Total sales: $1250.
  • Advertising $150.00
  • Net sales: $990.00

This is how I will get started if I ever have to start all over again.

With the amount of money that I have made, I may spend more on traffic to increase the number of subscribers or outsource article writing to others.

The key really likes in building a list of subscribers who are interested in what I have to offer first.

Serve through selling.

 

About A-Z Blogging Challenge.

In the month of April, I commit to posting a regular blog for my readers to help them with their affiliate marketing business. To find out more about the A-Z Challenge, click here

 

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