The Real Story Behind Making Money Online With Affiliate Marketing
Somewhere, clever marketers, strategists and designers are assessing marketplace demand, looking at offerings, and creating a range of products for other people to sell.
They specifically put together packages of material – landing pages, videos, banners, images, graphics – intended for promotion and sharing among a community that has no connection, no network and no bond except the product itself.
That is affiliate marketing. A stand-alone multi-billion dollar industry covering every product category imaginable, and providing opportunity for those who have no talent or inclination for upfront creativity or complex investment.
The affiliate marketing opportunity is an open door to online business for the range of entrepreneurs who have yet to define their own unique product, but are prepared to deliver their singular perspective to others.
While starting an online business is an extraordinary opportunity for you to establish a foundation for your own professional satisfaction, financial security, and lifestyle freedom, to get started you have to select an online platform that fits your interests, skills and budget.
Affiliate marketing provides a low cost and diverse entry to online platforms, with an opportunity for a robust revenue stream if you can promote and market to an identified target market.
If you think you would like to promote other people’s products, in the context of an endorsement or recommendation, your online business can be affiliate marketing.
But do you have the tools to creatively promote products you had no role in creating?
If your online platform of choice is affiliate marketing, you need to be prepared for the opportunity and challenges.
In this article, I explain the real story behind becoming an affiliate marketer to make money online.
Affiliate Marketing is For Promoters
Affiliate marketing is the practice of promoting and selling other company’s products in exchange for a percentage of the sale or a commission.
With the number of businesses running affiliate programs increasing every year, the range of products on offer has made affiliate marketing a multi-billion dollar industry.
An affiliate can promote almost any product, using any legitimate method that will drive clicks to their affiliate link, and begin to earn income without worrying about the actual product creation or manufacturing.
For an aspiring entrepreneur trying to learn business models, being an affiliate provides a worthy training ground in marketing techniques and practices…
…and an uphill struggle to separate a product that possibly hundreds or thousands of others are promoting at the same time.
To be successful, the affiliate marketer must establish a strategy that works for any type of product, and repeatedly apply it across different online platforms to achieve results.
The Trick is Your Attention
From travel to gaming, romance to survivalist tools, technology to hobbies and beyond, affiliate marketing products cut across every industry and category. When you become an affiliate, you can almost certainly find products that match your interests and experience.
Affiliate marketing includes signing up to promote a product you already use, linking to a range of products available in stores, and becoming a member of a dedicated affiliate marketing site which partners with thousands of other companies specifically to create opportunities for affiliates.
It is the latter which will be the emphasis of this article, as signing up for an affiliate program is the deliberate form of getting started.
Who Should Start Affiliate Marketing?
If you want to start an online business, but have no idea how to set-up and market a product, affiliate marketing is your direct path in…
If you:
- Enjoy researching products
- Are prepared to promote
- Have or will create a platform for promoting
- Have or will cultivate a consumer community
…you should consider becoming an affiliate marketer.
You can select the products you want to promote, and the platform from which you will be promoting, and then let the funds come to you.
How to Start Affiliate Marketing
The affiliate marketing platforms are sites – including Awin, Clickbank and Flexoffers – that list thousands of affiliate products available for third parties to promote.
On the site, you sign-up for a free account, browse the offerings, get your affiliate links, and begin marketing on your preferred platforms.
When a consumer uses your link to purchase the product, you collect your percentage or commission. The affiliate sites usually have statistics on sales and commissions to let you know which products are the most likely to be selling well.
Some products stay at the top of the list for years, and are marketed by thousands of affiliates. But once you know how you want to proceed, you can put the product in front of your own community.
You must follow the product rules before you start promoting. Some companies do not want direct ads on Facebook or other social media platforms. To avoid being associated with spam, the Amazon Affiliate program does not want direct links from emails to their products. Some companies require that affiliates receive permission to promote, others leave the offers open.
All of these issues must be taken into consideration before you begin placing the product in front of new potential customers.
Where to Market Affiliate Products
Once you understand the rules for marketing a particular product, then the challenge in affiliate marketing is to decide how and where you will market the products. Your strategy may determine your success, and your ability to turn your affiliate marketing into a business.
Affiliates have created a multitude of approaches for marketing, among the most popular are landing pages, product specific content, product tie-ins, and paid ads. And you distribute one or more of these options via social media, email or even in-person.
Landing Pages
A landing page is a stand-alone webpage. On the page, you can create any content you like – videos, text, images – about the product. You give potential customers the page link, which in turn has your affiliate link to the product.
To create the landing page, you can use a service like Click Funnels or Leadpages – both have a free 14 day trial before switching to paid.
The key to a successful landing page is to make the page copy compelling, and targeted to the audience you are trying to reach. You can either write the copy yourself, or outsource it to a freelancer who can create the wording for you.
You drive people to your landing page to create the pre-sell or pre-suasion that prompts them to click on your affiliate link, and purchase directly from the product site.
Product Specific Content
To help your customers decide on the value of a product, you can create informational content – blogs, podcasts, videos – that provide background information, further research, details or data about the product that is not readily available elsewhere.
If you make the content legitimate and not strictly commercial, you are providing future customers with value prior to making the sale.
Creating this content may cost you time and money. You can invest in equipment, record, edit and distribute, and promote the content directly to prompt customers to go indirectly to the product.
But additional content is an excellent differentiator in situations where thousands of affiliates are promoting the same product. If you target the content to niche customer groups, you can also find customers who may be ignored by the other marketers.
Product Tie-Ins
If you have your own products – books, courses, physical products – that can be appropriately connected to an affiliate product, you can promote the affiliate product with your product.
For example, if you offer a book for free in a sales funnel that leads to affiliate product offers on the thank you page. The affiliate products should fit with the story in the book, and the connection can be explained on the landing page.
Look at your own products and determine if any would work well with the affiliate offers that you see listed on the affiliate site.
You can then create a sales funnel or landing page for your product, with the affiliate links on a second page or on the confirmation or thank you page.
The idea is to put the affiliate product in front of your customers as an option, an extension of your main offer. You do not want the affiliate product to overwhelm your main offer, or be in conflict, so select your affiliate product with care, and present it as a natural additional offer.
Paid Ads
If you have money to spend, you can create ad copy and drive customers directly to the product landing page by buying paid ads. Some platforms, and companies, have strict rules about how ads are to run and identified to viewers. Everyone is trying to avoid appearing like a scam. But assuming you follow the rules, ads are a direct and effective marketing tool.
The key to paid ads is to keep your ad costs below your commission payouts. And you can do this through excellent ad copy.
You can learn to write ad copy yourself, or pay a freelancer to do it for you. Developing the skillset yourself gives you more flexibility. You can adapt and change ad campaigns as the market requires without having to be constantly paying a freelancer to do it for you.
To run paid ads, select your preferred ad platform – Google, Facebook, Instagram, Twitter – set up your account, set a budget amount, create your copy, post your ads, and frequently monitor the results.
Many entrepreneurs set up paid ads and let them run without checking for effectiveness. This approach will certainly cost you more than you need to spend. Stay on top of your ads, and protect your investment by making sure your ad strategy is delivering for you.
If the ads are not working, stop running them, and either tweak the ad copy or try another strategy.
Making Money with Affiliate Marketing
Since the only way to make money as an affiliate is to have customers buy the product through your link, you have to make sure you are promoting your link in places where your customers are located online, and that you give them a compelling reason to click and learn more about the product.
The product companies will tell you about the successful conversion rates and high commission values, but it’s up to you to try and duplicate the results for yourself.
Affiliate marketing can be a promising and lucrative business, if you find the right approach for the people you are trying to reach, and consistently present them with a message they cannot resist.
What Makes Affiliate Marketing Successful
Once you have found your community of buyers, you can continue to promote appropriate products to them again and again.
In a consumer society, people always find a reason to buy – to improve their health, wealth or happiness – in a complex world.
Your ability to be successful doing affiliate marketing depends on identifying the desires of your customer base, and delivering solutions to them that they will want to purchase.
The more you can convince people of the value of the products you’re promoting, the better your chance to become a successful affiliate marketer, and make other people’s products, your business.
For Case Lane Affiliate Products:
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Disclosure: This article contains affiliate link that earn for eligible purchases at no additional cost to you. Thank you for supporting the Ready Entrepreneur blog.
The Real Story Behind Making Money Online With YouTube Videos
by Case Lane
You know once seen…a dramatic image cannot be unseen.
We do not say this about information we hear, or notes we write down. But what we see stays with us as an impression we cannot shake.
When you are trying to decide which online platform you want to use to build your online business, if you want to choose videos, you can start a YouTube channel with information, guides or even commentary that attracts an audience.
Being a YouTuber, for lack of a better term, is actually one online business that literally requires no investment. But it also requires the highest level of courage. You have to be comfortable on camera, or artistic or creative enough to create images that do not require you to be on camera.
And you have to be consistent and popular enough to attract the minimum audience that allows you to earn from advertising on YouTube. That may be a challenge, but if you make it work, you can also attract sponsorships, build a community, and become a web search recognizable influencer for your subject area.
While starting an online business is an extraordinary opportunity for you to establish a foundation for your own professional satisfaction, financial security, and lifestyle freedom, to get started you have to select an online platform that fits your interests, skills and budget.
Videoing is a powerful communication medium that only requires a minimum audience to begin earning advertising revenue.
But are you camera ready?
Does the YouTube platform have all the elements you want and need for an online business venture?
If your online platform of choice is to be creating videos, you need to be aware of the joys and limitations of the effort.
In this article, I explain the real story behind starting a YouTube channel to make money.
YouTube is For Creative Imagers
YouTube is a video hosting platform that as a division of Google is also a search engine the second largest in the world, delivering answers to questions asked every second by searchers. While there are other video platforms, and it is possible to build a following on another one, YouTube remains the dominate force for all viewers.
YouTube is the search engine results come to life in picture. You will find content that ranges from short How-Tos, to multi-hour courses, trailers to movies, questions to indepth interviews, book quotes to novel readings, reviews, music, podcasts, speeches, news reports, documentaries, commentaries, comedy routines – from every era of video recording to the present day – from every corner of the globe and outerspace.
Five hundred hours of video uploaded…every minute!
One billion hours viewed…each day!
And what may look like insurmountable odds for getting noticed for the average new YouTuber is actually the opportunity to create a business based on your video recording capabilities.
With tens of millions of viewers scrolling the site every second, looking for new and original content, the videos that will be the next to go viral, are the ones that attract enough attention to convince someone to share.
And the shared videos can skyrocket a YouTuber to success overnight.
Creativity is the Answer
Music videos are the most watched videos on YouTube. The genre defined by the rise of MTV (the Music Television cable network) now has a dominant home on the platform. And it was music videos that transformed from bands standing on stage to opera-worthy movie productions that made the MTV generation take notice.
Luckily, you do not have to compete with music videos.
Because the next level of dominance belongs to How-Tos where viewers will take any step-by-step explanation that they can follow and copy.
And commentaries and reviews, where honest words, clever presentations and solid content pre-dominate.
But to operate in this space, and be recognized, the videos that attract the attention are the most creative. While the content is important, the design of YouTube videos – drawings, special effects, spectacular settings, bright lights, awkward angles, intriguing props – all make for videos that can catch…and hold the attention of viewers.
The creator who can take an instructional or motivational video, or a spoken-word piece or lecture, and turn it into art…will stand out and move forward on YouTube.
Who Should Start a YouTube channel?
Whether you want to unleash your image creativity or simply speak directly to the camera, you will have to find content topics that your potential viewers are seeking.
If you:
- Like to be on camera
- Have enough creative ideas to be behind the camera
- Are prepared to promote
You could consider starting a YouTube channel. And you control the amount of work you do by deciding how elaborate or plain-spoken you would like to make your videos.
How to Start a YouTube Channel
Of all the online platforms, YouTube is actually the only one that really requires no investment. Assuming you have a digital device with a camera, microphone and access to the Internet, you can make videos and post them to the platform.
But on YouTube, you are literally competing with all the media companies, global advertisers, and world-class performers who also use the platform for their promotions. While this may be true with other platforms, the issue with YouTube is that it’s so easy for your potential audience to become distracted by another video.
YouTube constantly feeds viewers suggestions of other videos that they may be interested in seeing, and unless you have a significant library of content, the recommended videos will not be yours.
The challenge with YouTube is getting your potential audience to notice you, and to do that, you need the next level of creativity.
Using YouTube
Technically, uploading videos to YouTube is straight-forward. Once you have recorded, and possibly edited your video file, you can upload. But truly understanding the functions and capabilities of the platform can take you to a new ‘school,’ where you can spend time learning how YouTube really works.
As a beginner, take the time to go through YouTube’s own training videos to learn the basic functions, language and best practices. As you become more comfortable with the platform, you may find there are features you would like to incorporate to extend the impact of your videos, and drive viewers on to your content.
Start with Content
Whether you are explaining How-To, or commenting on the state of the world, your YouTube video must be able to hold the attention of the viewer.
Before you start recording, think through your presentation. If you’re creative and adept with video tools, you might be able visualize a spectacular layout. If you’re thinking only of the words you will use, focus on how you will present them.
You on Camera
If you plan to be in front of the camera, as most YouTubers are, you will have to consider how you want to look.
This is where video can cost you money. You can invest in an external camera, ring lights, stands, green screen (for virtual backgrounds), and stand-alone microphone. Even your clothes, hair and makeup, and room props can be stylized for your intended on-screen presence.
While many rage about the need for authenticity in marketing and online business, it’s hard to imagine that many of the videos you see are spontaneous creations by singular individuals. The polished smiles, cute poses, hand gestures, and clean backgrounds all speak to a level of intention in creating the ‘right’ atmosphere for their presentation.
As you decide what works best for you, consider your audience, who are you trying to reach and why a particular approach might appeal to them.
Props for Your Vision
To separate your videos and establish your creative presence, you are going to want to make an investment in time, money or both.
And your YouTube channel can cost you even more money.
You can differentiate your videos by adding virtual effects like dynamic headlines, or real props that allow you to stand out. Some of these editing options are included with video software, some can be bought separately.
Recording and Editing
Creating your video can be as simple or as complicated as your budget will allow. While high quality, professional videos are great, they are not always what works best on YouTube.
If you are doing an explanation video on your desktop, a screen recording using Screenflow (for Mac) or Camtasia (for PC) would be sufficient for viewers who are looking for information.
But if you want to make an impactful message video about major issues, you will want to separate your work from all those who are doing similar activities. You can record your own live video, or use apps that have pre-cleared live video scenes that you can incorporate with your own words and graphics.
And once you have recorded your video, you can spend time editing to include music, layered images, additional videos or other features that create a polished product.
You can do all this work yourself, or outsource editing, if you have the budget for those costs. Either way, when your video is ready, you can upload directly to YouTube and be live.
Making Money with YouTube
YouTube is the only major platform that enforces minimum interest numbers before allowing you to profit from your content. As of this writing, you need 1,000 subscribers to your channel, and 4,000 hours of viewing to monetize your video channel with advertising.
But prior to reaching those numbers you can still make money if you are able to obtain sponsorships or promote your own products.
Sponsorships
Being a YouTuber is one time when using other people’s products can be particularly lucrative. If you are creating videos that use specific products to tell the story, you may be able to have the products’ companies sponsor your videos.
You will have to show you have an audience, and deliver a sense of the value the sponsor could derive from the video. Sometimes advertisers will only be interested in sending you more free product to promote, but others may be inclined to pay you a fee if you have a niche audience they want to target.
For sponsorships, it does not hurt to ask for the opportunity, and see how the potential sponsor responds.
Product Promotion
You can also be your own sponsor.
If your videos tie in with your own products – books, courses, physical products – you can either incorporate them directly into your videos, or simply place links in your video description.
Promoting your own product can enhance your video’s message, if you are aligned with the message of your video.
Of course, blatant direct promotion with no value will not win you any viewers. But information tailored to help your audience can be seen as integral and effective in reaching out.
Advertising
If you continue to grow your channel organically using messaging that supports your audience’s interests, you will eventually hit the numbers necessary to profit from advertising on YouTube.
At that point, YouTube’s own programs will step in to direct ads to you based on your video content. As your channel grows, with viewers and likes, your advertising revenue can grow also.
Although you can indicate certain preferences for ad placement on you YouTube videos, in general Since YouTube controls the ads, and there is no option to do your own advertising with affiliates like you could with a blog or podcast. But as mentioned previously, you can incorporate any type of advertising directly into your videos, and make them part of the creative process.
What Makes YouTubing Successful
The numbers really are spectacular. If you can drive viewers to your videos, and your videos are shared, you have an opportunity to make more money.
YouTube is part of the search engine, writing your video title and description to include keywords and search terms can help drive discovery. Many people go directly to YouTube when searching for specific information. They want to consume a video rather than read a post with the same details. If you plan to be YouTubing, you should keep that in mind.
Successful YouTube channels have consistent valuable content, usually a lot of it. Once viewers find a look and style that’s appealing, they want to return for more. If you enjoy making your videos and can continue to deliver new and different subjects, your audience will continue to grow.
The real story behind YouTubing to make money online is that while you can start for nothing, you have to differentiate your videos with creativity that you post, share and cultivate for an audience that will keep coming back for more.
YouTube is a huge platform and a key element in search, if you can align your own creativity and ability to attract viewers, you will benefit from the opportunity to turn your YouTubing into an online business.
For Case Lane’s YouTube channel, click here:
The Real Stories Behind Making Money Online Blog Series
What does it really take to earn an online income? Is there a trick? A special sauce? Magical fairy dust?
Or is it just about hard work, perseverance and persistence?
Or do you have to get lucky? Know the right people? Have friends who will buy your stuff?
The Series
In this multi-part blog series (which is also a podcast series), Case Lane takes a detailed look at eight online business platforms, and answers the questions every aspiring entrepreneur wants to know:
- Am I the right type of person to start this business?
- How do I get set-up?
- Where does the money come from?
The Platforms
Click the image or blog link to read the Real Story Behind the Online Platforms that interest you.
And if you are not sure which business to start…read the whole series or listen to the podcast episodes on The Ready Entrepreneur podcast episodes 143 to 150 here: https://www.readyentrepreneur.com/podcast/
How You Really Make Money Online with Podcasting
by Case Lane
This post is part of the Real Stories Behind Making Money Online Series.
Information is valid as of February 26, 2022
The oral tradition has sustained humanity for millennia. Without the spoken word, and the passing of information through speech, our progress would have been severely slowed.
So when the podcasting format appeared, with its ease of use and access, no human should have been surprised when everyone decided to start a podcast.
But in fact, although podcasting looks like the ready domain of every talker across all subjects and ideas, today there are over 3 million podcasts, a fraction of which have at least ten episodes, and another fraction of which are considered consistently active.
As the least crowded of the major online platforms, podcasting is an extraordinary opportunity for anyone with a message. But creating a podcast does require production equipment, some technical skill, and quiet time to get your show recorded.
And of course, there is the talking part…
Podcasting is for those who can carry on a conversation, teach, entertain, or facilitate discussion for an audience they cannot see. It is not for those who are turned off by the sound of their own voice, afraid to play with digital files, and have no interest in promotion.
With podcasting, the opportunity to create and join the podcaster community remains a reality for those who want to try it. As each new show emerges, a successful gem brightens, and the excitement over podcasting begins again.
And it’s important to understand how you can monetize your podcast, and use the audio program to your advantage.
Podcasting as Your Online Business
While starting an online business is an extraordinary opportunity for you to establish a foundation for your own professional satisfaction, financial security, and lifestyle freedom, to get started you have to select an online platform that fits your interests, skills and budget.
Podcasting allows you to have open discussions about any subject in the world, share the conversations you want, grow an audience that enjoys listening to valuable information, and earn income through sponsorships, advertising and memberships.
But does the platform have all the elements you want and need for an online business venture?
If your online platform of choice is to start a podcast, you need to be aware of the joys and limitations of the effort.
In this article, I explain the real story behind starting a podcast to make money online.
Podcasting is for Talkers
A podcast is a streaming audio program, usually recorded, sometimes live, that can be supported by advertising, sponsors or listeners.
The term podcast comes from merging the idea of an iPod, a portable audio player, with broadcasting to, in the beginning, play radio programs. The pod part remains a mystery for those who may not know the word iPod was made up by a copywriter.
Although many have tried to develop an acronym for it…the word is just iPod. A word now forever tied to the podcast communication medium. While most iPods remain buried in the back of consumers closets, the podcast holds firm as the legacy creation from the device’s existence.
Today, podcast content has gone far beyond existing radio programs. The range of programming you can listen to includes commentaries, historical narratives, interviews, true crime, sports analysts, fictional dramas and much more.
If you want to start a podcast to make money online, you have to consider the subject you will be delivering to your listening audience. Is there an angle or viewpoint missing from the current offering of podcasts (there always is), and how can you deliver for that audience?
Podcasting is for talkers, and podcasts are for listeners. The content you need to create to make podcasting pay must align with that basic fact. You have to create audio programming that people want to hear.
Become a Podcast Host
When you create a podcast, you are the host. Whether you plan to speak solo on a subject for a half-hour, interview an interesting speaker, or direct a debate between two guests, you are in charge of the show.
When you are thinking about creating your podcast, consider who you want to be, and how you want to run the show.
Podcast Format
Podcasts are found through podcast directories, and all list various categories of related content. But all of the categories are subject…not format, specific.
You are going to want to select a format for your show.
Decide on the type of show you want to host. Some shows sound like parties, others are serious. Some have a lot of adult language, some play music, some are always live…you can do any type of performance to attract your audience.
You can even mix your formats, maybe have a commentary episode , then an interview, then a teaching episode, then back to a commentary.
Podcasting has no rules. You decide on the format, length, content, tone, and pace of your show.
The only basic concept is that the audio must be clear. You are asking listeners to give up their time to hear your show. Poor audio quality creates an unsatisfactory user experience, which typically does not lead to repeat customers.
If there is a question between experimental content and audio quality, choose audio quality all the time.
Should You Start a Podcast?
Once you consider the format that might work for you, you will have to decide if podcasting is going to be your online business.
You can go all in with a podcast..if you:
- Like to talk
- Have a good subject area or topic, or a flair for audio creativity
- Are not afraid to promote your program
- Have the ability to edit and produce digital audio, or pay someone to do the work for you
- Are prepared to be consistently and reliably posting shows
How to Start a Podcast
The technical aspects of starting a podcast creates trepidation for potential podcasters.
The basic approach is:
- Name your show
- Record an audio program, edit as necessary
- Create a show graphic for the cover art
- Upload to a podcast hosting service
The process can be 100% free, which is one reason there are so many podcasts that only post an episode or two. Assuming you have a digital device like a smartphone, and access to the Internet. You can record your audio, download your file, and host your podcast on a free service.
But if you definitely want to build a business out of your podcast, in most cases there will be upfront expenses for a quality external microphone and a dedicated podcast hosting service. If you decide to have a website for your show, your costs increase.
The investment in an external microphone is typically worth the cost. As stated earlier, audio quality is the hallmark of good podcasting, and having a dedicated microphone gives your show a professional characterization that you will want to continue.
No Frills Podcasting
The no-frills, all free road to podcasting would work like this:
- Record your show on your smartphone or laptop using the built-in microphone
- Edit your show using free software like Audacity, or don’t edit at all
- Create a show graphic using a free tool like Canva
- Create an account on a free hosting service like Anchor, and upload your files
In no time, you will be live and broadcasting to the world. As you grow your audience, you can add the other features that would transform your podcast into a business.
Podcast Hosting
A podcast hosting service stores your recorded file and creates an RSS feed that can be distributed widely to ensure you reach your targeted audience.
Today, podcast hosting providers offer free and paid services.
Free Podcast Hosting
Increased competition has opened up opportunities for podcasters as more free services are offered by hosting providers who cover programming needs. In fact, some of the free services are beginning to offer more features than the paid ones!
But typically, there will be a catch – usually related to using the service’s branding and advertising – which constrain your money making options and intentions.
Paid Podcast Hosting
Paid hosting will include features like reporting where you can track your audience growth, and tools for social media or your own website.
Costs typically depend on factors like podcast length. For example, Buzzsprout’s rates are free for up to two hours a month, paid rate starts at $12 a month for up to three hours.
If you plan to do a daily half-hour podcast, you should look for the most affordable rate.
Recording and Distributing Your Podcast
Recording
Once you know where you will be hosting your content, you can create it. Podcast content is created everywhere – from car commutes to Hollywood studios. But if you’re just starting out, your preference is likely to be a quiet corner of your home where no external noises will be picked up by the microphone.
But even intended silence is not assured, as dogs bark, kids laugh, and the delivery trucks drop packages at your door.
You will have to find the best time to record, maybe after trying several times, before you know what will work best for you.
Ad-libbing versus Reading
Some podcasters swear by the natural, free-flowing conversational style that ad-libbing brings to a recorded show. They keep just a few points in mind, and then say what they want to say off the top of their heads.
Others find ad-libbing too unstructured and risky. They prefer to remember everything they want to say by writing it down first, and reading from a prepared document.
If you are doing a commentary show, you may want to have notes to help you remember your best points, and ad-lib only at naturally sounding spots in your dialogue.
For interviews, you have almost the same split between those who read from prepared questions, and those who allow the conversation to flow. Since either option can make for great audio, you just have to decide how comfortable you are with the outcome.
Editing
Uhhh….Ummm…click…long pause…doorbell…Ahhh…long pause…’oh, can you take that out?…’
Editing the podcast can turn a 30 minute project into three hours, it smothers the joy of the production, and can be one of the reasons many podcasters drop off the platform after only a few episodes.
Some podcasters recommend leaving in all the ‘natural’ sounds, but have you ever heard a successful podcast that is not also a clear and smooth broadcast? If your guest takes long pauses that split the flow of the show, that’s where you start editing. If the sounds are just natural conversational speak, you can leave it in.
Either way, even if you are not personally editing the core show content, you may need to add an intro or outro to your show, or if you want to get paid…advertising, which still takes time and requires some production.
Editing can be outsourced, but you must carefully select your editor and provide clear instructions. You will still need to listen to the show to make sure it sounds the way you intended.
If the first editor you select does not work out, keep trying until you find a good one.
If you have no funds to hire an editor, you will have to do the work yourself using free software like Audacity. The app has a lot of features, but you only to need to learn the basics that will help you create a good show. So go ahead and set aside the extra time to get the editing work done.
But remember, editing is not the fun part of podcasting. Be aware that this may the beginning and end of your efforts if you are not realistic about the time and effort it takes to produce a good-sounding show.
Adding Music and Effects
Music is a wonderful addition to a podcast show, especially a consistent intro that becomes your theme. On the Ready Entrepreneur podcast, you can hear the ‘news room’ sound that signals the show is information and discussion oriented.
To add music to your show, you can search for websites that offer free, cleared music.
Clearances
If you plan to use copyrighted music, and make money off your podcast, you must obtain a clearance from the copyright owner. Unilaterally, using someone else’s content to make money is not legal, and not cool.
Send an email to the copyright owner explaining who you are, why you want to use the music, and how you plan to use the music. You might be surprised by the response. Many copyright owners are happy to share their creation, especially since podcasts are offered for free, and an up and coming podcaster who intends a limited use of the product, is not typically a threat to their ownership.
Video Podcasts
YouTube has become one of the top platforms for ‘listening’ to podcasts. And many podcasters make a video version of their show.
If you are doing interviews, and use Zoom or another video communication platform to record, you automatically have another asset when you create the podcast. You can edit the video and put it on your YouTube channel.
Creating a video podcast enhances your web presence, provides more search engine results, gives you an opening to another audience, and provides your guests with another asset to share with their audience.
The video podcast is extra work, but it is also a great option for extending your podcast brand.
Transcripts
Re-purposing podcast material is one of the reasons the medium is a great asset for podcasters. If you write out your show, you have automatically created the transcript that you can also post when you upload the episode and make it available to listeners.
In general, best practice is to include a transcript of your show for the hearing-impaired. While there is limited enforcement of this practice, if you have the material, you should post it. If you wrote out your show but ad-libbed, you can put a disclaimer at the top of the transcript that says it may not be an exact word-for-work transcription of the show.
The transcript can also be used to create subtitles if you decide to post a video version.
When you are first getting started with your show, focus on delivering great content. But as you are comfortable with production…and certain you will continue, look at the other services offered by your hosting provider and consider adding features to your show.
Admin and Legal Stuff
DISCLAIMER: This section is provided for informational purposes only and is not legal advice. For all legal issues related to your podcast, you should seek the advice of a legal professional.
When you create a podcast, accessibility is not the only administrative issue that you may encounter.
If you are doing guest interviews, many guests will assume it is audio only. But if you plan to post the video, make sure you advise your guests, that show will include a video version – and get a signed clearance.
Your podcast episodes are assets and you want to be able to use them across platforms as you see fit. While there has yet to be a major case of someone suing over a podcast interview, it’s better to get clearance ahead of time that the guest knows you own the show, and may use the audio, video and guest likeness (photos) for distribution and promotion.
You can obtain this clearance before the interview by including it as a statement on your guest interview form that the potential guest has to check before submitting their request.
You should also be careful about using copyrighted images, quotes, graphics, videos or other content. You want your podcast to stand-alone as your own material, so make sure all the content you include is owned by you, or has an open creative-use license.
Podcast Directories
Once you have completed recording and editing your show, you will post it to your hosting provider.
Most hosts will automatically distribute your show to a number, but not all, of the podcast directories. The podcast directories are the lists of all the podcasts available to listen to on a specific platform.
While the biggest names like Apple, Amazon and Spotify are exactly where you want to be, you will also want to make sure your podcast is listed on every available source.
Being in every directory increases your search presence, and enhances your ability to be found by random listeners. When you search for your podcast online, you want to ‘own’ the first page of search results.
Check your host provider’s list of automatic feeds against the list of all possible directories to confirm that your podcast can be found ‘wherever you listen to podcasts.’
Promoting Your Show
While you can be discovered through a listener directory search, the only successful way to promote your show is word of mouth.
No podcast directory is perfect in its search and information capabilities. And no service is offered that breaks down all the podcast information to help you find the exact type of show you are looking for.
So if you have a podcast, you have to promote, promote and promote again.
The podcast launch is typically the first move new podcasters make to get their show in front of people. You promote directly to your list, friends, organizations, and anywhere you have an audience to let them know that your show is available.
But after the launch, you have to keep growth going by spreading the word through social media, your work or business, speaking, and guest podcasting.
For every episode, create show posts that highlight the content and can be promoted across social media platforms. If you have guests, distribute the posts to them and encourage them to promote on their own social feeds.
If you are speaking about a particular product or person on your show, give them a shoutout on social media also, by tagging, and letting them know they were featured.
And keep talking about your podcast. Mention your show wherever you have a chance. Re-use the content, across platforms, and re-use the promotion materials to re-feature a good or popular episode once or twice a year.
How Podcasts Make Money
The more you can promote your show, get the word out, drive listeners to you, and raise your ranking and popularity, the more opportunities you will have to make money.
There are multiple ways to make money with a podcast, but the four most direct are to promote your own or affiliate products, get paid advertising, get a sponsor or sell a membership to exclusive content.
Promote Products
Your podcast is your platform, and you can choose to promote your own or affiliate products as part of your show.
When deciding to promote, find products that align with the content of your show and integrate them into the discussion or commentary that you are already doing. The transition can be smooth, as you state that you have an affiliate link in the description of the show, or you can do a hard break, and ‘insert’ your own type of advertising.
If you are promoting your own products, especially books and courses, you should be able to clearly connect your content to the content of your podcast (unless they are completely different topics). This actually enhances your authority, and gives your audience more insight into the value you deliver.
You can create your own ads, add music and effects and make it sound like a professional advertisement. But be careful about being too ‘salesy’ or promoting products out of context. You want to provide valuable information to your audience, this includes information about products or services they can use.
But you do not want your show to be just an advertising vehicle, so choose wisely.
State the links in your ad or comment, and put them in the episode description. If your listener is interested they may just click and buy the product.
Paid Advertising
You can also have third party advertisers place ads in your show. For the most part, you have to have minimum audience numbers to attract national brands. But if you are talking about a specific subject, which may be interesting to specialized or local businesses, you can solicit advertising directly from them.
Advertisers are looking to target unique and niche audiences. If you demonstrate how you can deliver ‘ears’ you may be able to attract advertising even if you have a small podcast.
Start by reaching out directly to advertisers you think may be interested. Tell them about your show theme, topic, audience size and frequency. Remember once you commit to delivering a show for an advertiser, you have to deliver the show. So make sure you are comfortable with podcasting as your platform before actively reaching out for ads.
When you have paid ads, you are typically paid upfront, you don’t have to wait for someone to click on the ad. This helps give you some stability and support for your podcast.
Sponsorships
You appeal to sponsors the same way you would reach out to paid advertisers, by telling them how aligning with you would be good for business.
A sponsorship can be for an entire episode, or for the show. Sponsors can request that you read promotional material, or refer to the sponsor in comments, or for a portion of the show.
If you have a video podcasts, sponsors can ask for their product to be displayed behind or beside you, or even on you, if it’s a clothing.
If you have a specialized topic, you may be able to obtain a sponsor to cover your editing, transcribing, hosting and other costs. The only way to find out is to ask.
Memberships
You can also ask your audience.
In recent years, more podcasters are reaching out to their audience to sponsor and financially support the show through paid memberships. The podcasters offer exclusive members only content in exchange for a fixed or open fee.
As a podcaster this will mean providing additional content like the video, snippets, learning guides, exclusive outtakes from interviews, or other material that extends the podcast brand, while building a home for the audience community.
While there can be a lot of extra work in establishing a membership site, it can also be an outstanding opportunity to grow your entire business.
Your podcast community can also become the community that buys your books, courses, products, and services. You can start with membership in a podcast and turn it into membership in your world. And the more you grow your listeners, the more opportunities you have to make money online with a podcast.
What Makes Podcasts Successful?
While the most successful podcasts begin with great content, there are plenty of shows that are able to deliver that initial element. What separates them from the shows that have millions of listeners? A few key factors…
Consistency
When listeners see a show has hundreds, now thousands of episodes, they are more willing to make an investment in the podcaster, because the podcaster has made an investment in them. Consistently posting a show, and building day-to-day or week-to-week gives the listener a sense of security…and FOMO…
If a listener sees the show constantly putting up new episodes, they begin to wonder what they are missing and are more inclined to check and click on the latest information they want.
Specificity
Listeners are searching for people who are speaking about the subjects they care about, and being relevant and interesting in the process. If you can find a topic with a core audience that is currently under-served but available, you will have your successful podcast.
Uniqueness
With three million podcasts, there should be three million unique voices, but far too often podcasters try to copy the work of those that they hear.
The most successful podcasters create a unique voice, one people identify with that person. From the types of questions that are asked, to the shock-value of their commentary, to the revelation style of their facts…these types of speakers have transformed audio programming, and taken the audience along with them.
As you set out to be a podcaster, think about your unique voice, your singular message and your particular style. Be an emergent leader in the space, and promote to those who have been waiting to hear from you.
Podcasting is an extraordinary opportunity for you if you have a message that you want to deliver. There is a spot waiting for you, and you can use podcasting to make money online.
On the Ready Entrepreneur Podcast, I offer information and advice on getting started with an online business, and interviews with outstanding entrepreneurs about their journey, find the show wherever you listen to podcasts:
You can also hear Case Lane interviews on dozens of awesome shows focused on:
Entrepreneurship: https://www.readyentrepreneur.com/podcast-guest-appearances/
Guest Podcasting: https://www.readyentrepreneur.com/podcast-guest-appearances-speaking-about-guest-podcasting/
Awesome Product Offers
If you want to start guest podcasting to promote your product or business, click here to get an extraordinary offer on my Expert’s Guide to Finding Podcasts for An Interview:
If you would like to get the Podcast Directory List of where to post your podcast, click here: https://podcastgueststar.com/podcast-directories-list/
DISCLOSURE: links to Buzzsprout are affiliate links that earn for eligible purchases at no additional cost to you.
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How You Really Make Money Online with Blogging
by Case Lane
This post is part of the Real Stories Behind Making Money Online Series
In the beginning, it was the Internet curious’s first introduction to creating online – starting a blog. Today, it remains the most dominate creative platform – more than 600 million blogs – more than ten times the number of YouTube channels and podcast shows combined.
That fact should make one point obvious…blogs are, arguably, the easiest online platform for launching your online business.
But how many of those 600 million blogs are making money for the blogger?
Blogs operate in a crowded marketplace where you have to be prepared to promote and market your message. So if you’re shy about telling people about your thoughts or creativity, blogging may not be for you.
Blogging as Your Online Business
While starting an online business is an extraordinary opportunity for you to establish a foundation for your own professional satisfaction, financial security, and lifestyle freedom, to get started you have to select an online platform that fits your interests, skills and budget.
Blogging remains an incredible force for delivering a message, creating a community, and earning advertising revenue. But does the platform have all the elements you want and need for an online business venture?
If your online platform of choice is to create a blog, you need to be aware of the joys and limitations of the effort.
In this article, I explain the real story behind blogging to make money online.
Blogging is for Writers
Blogs are websites, almost always supported by advertising, that writers fill with content aimed at their target audience.
At its core, blogging is the written word. For creators, blogging means consistently writing articles online around a specific theme or subject. The word blog comes from ‘web log…weblog’ a phrase used to describe the act of journaling or recording (logging) information online.
To create a blog to start an online business, you must create written content…or have it created for you.
Blogging is for writers, and blogs are for readers. People who want to get their information in written words.
Types of Blogs for Making Money Online
With 600 million options, breaking blogs down into specific categories may be an overreach, but in general there are three popular types of blogs – information, commentary and product-specific.
Information Blogs
The most popular blogs offer information, such as How-Tos and guides. They provide step-by-step processes, and insight into products, services and issues. For many readers, these types of blogs are consistently delivering information they want to learn more about or research.
A blogger who provides information is creating a go-to platform for a topic or idea. Once enough interested readers learn about the blog’s existence, it can jump to the top of search rankings for the topic, and become a popular site.
If you are planning to create an information blog, the key is to be a great resource. You do the research your readers want to avoid, and you put the information together in easily digestible articles.
In this case, you do not have to be a great writer. You just have to make sure you are delivering information that a particular audience is seeking.
Because you already know the information readers are searching for, these types of blogs are the fastest and easiest blogs to create. Spend time researching the topic, then re-organize, re-write, and aggregate the data you find into new articles that address the topic for your target audience.
This approach also allows you to outsource the work. If writing is not your strength, or you have no time to do the research, you can use a freelancer site like Fiverr to find someone who can put together the information based on your ideas.
For example, you may find a subject where most of the existing blogs are aimed at college students, and you decide to do one aimed at the parents of college students. It can be similar information, but re-written for the parents consumption, and interests.
Also, if you can write well (or outsource) in a language other than English, there is extraordinary opportunity available to write about popular blog subjects in other global languages.
As the Internet continues to grow and spread around the world, you may find your ability to deliver information in a language used where online usage is on the rise, provides you with an opening where other bloggers cannot compete.
Commentary Blogs
Another successful blog theme is commentary – the original web log. Some famous bloggers are known only for their comments and observations about society and the world. These blogs can have millions of readers who enjoy the writer’s viewpoint, and learn from their perspective.
If you are writing a commentary blog, then you do have to be a good writer because the blog is directly from you, and your ideas have to resonate with the reader. These types of blog literally hang on the word of the blogger. If the writing is bad, the blog is a non-starter.
That said, the definition of ‘bad’ is relevant to the audience you are targeting. If you want to write a slang-filled, emoji-driven commentary blog aimed at high school students, then you may have a niche. But you still have to make the content valuable to that audience. It has to be ‘good’ to them.
Commentary blogs are the most difficult to launch because everyone has an opinion these days. But if you have a way of looking at the world that is unique, and underserved, you may be able to take a commentary blog to an audience that wants to learn more from you.
Product-Specific Blogs
Another type of blog is a mini-website aimed specifically at marketing a product by providing content-rich articles related to the product’s purpose.
The site will have ten to fifteen articles all leading to the same conclusion – the reader should get the product.
These blogs are advertising and affiliate marketing vehicles designed as information blogs, but the content is legitimate (assuming you are not a scammer).
This is a blog where the idea is to deliver information, but it’s not general information, it’s tailored to the product and all issues related to the product.
For example, if you are marketing a new vacuum cleaner, you could have articles about the perils of dust, carpet maintenance, keeping your family healthy, the exercise benefits of doing household chores, and so on.
These types of blogs are one-and-done. You write the core articles, set-up the webpages, and drive traffic to the site.
Once again, you do not need to be a creative writer, you are aggregating topic-specific information for an audience that is looking for the insight. Your articles must be valuable and useful to them, especially if it is new or misunderstood information.
This is also an opportunity to outsource the writing, but you have to be creative about the topics related to the product. You are looking for products that cross over a variety of different issues, and give you sufficient content to create a legitimate site.
Who Should Start a Blog?
Regardless of your type of blog, you want the content to stay consistent and reliable. So the hard truth about blogging is that you have to keep posting relevant content. You have to find enough content to maintain interest for a growing audience. That is a challenge that many aspiring entrepreneurs do not conquer.
If you:
- Like to write
- Come up with good ideas
- Are not afraid to promote your own writing to strangers
- Have a good subject area or topic
- Have money each month to spend on maintaining your website until you can grow your advertising revenue
- Are prepared to be consistently and reliably posting to your website
…then you are likely ready to move forward with starting a blog.
But blogging can be tedious, especially if you are lukewarm about your subject, and since it’s the most crowded online platform, you have to be creative to stand-out and be counted.
How to Start a Blog
As mentioned earlier, blogs are the easiest online business to start, but one that requires maintenance and has up-front costs to do it right.
The basic approach is:
- Get a domain name
- Set-up a webpage
- Start writing and posting content
Domain Name
Free Domain name
If you decide to use free website hosting, you will also likely receive a free ‘hosting’ domain, which typically includes the name of the website provider in your domain name.
This is a domain name you do not own, and one that may be long and cumbersome to use when speaking or posting about your new blog.
But for some, a free domain may be a necessary option for getting started without any upfront costs, but if you have a few dollars ready, and you are serious about your blog, you should start with a custom domain name.
Custom Domain name
The domain name is the name of your website. For many bloggers, it can be their ownname.com, for others it’s the subject they are discussing. You just have to decide.
Domains can cost as little as $3 a month to start. You can buy the domain from a stand-alone site, or purchase it when you set-up your webpage on a hosting site.
Carefully check the renewal terms for your domain name. Sometimes you can get the domain for a low introductory price, but it renews at ten times that rate, a year later.
Although a great domain name is valuable, like all actions in starting an online business, it is better to move forward than to worry about picking the perfect domain.
If you’re not sure, go with your own name or a made-up-name and move on. You have no online business until your site is live, so getting launched should be your focus.
Website
Free or Paid
Before you create your website, you must decide if you want to use free or paid blog hosting services.
Your blog is hosted on a website, which is hosted on a server managed by a website hosting provider.
‘Free’ means you sign-up and begin writing and posting content without paying any upfront fees. The ‘catch’ with free is there may be limitations on whether or not you can advertise on the platform. Since you are starting the blog to make money, this would be a limitation, but not an obstruction to making money.
But, If you are not sure if blogging is right for you, start with free services, and switch to paid when you are certain you want to move forward with the platform.
If you know you want to be a blogger and start with paid hosting, you have more flexibility to do what you want with the blog.
Your Own Website
Once you select your paid provider, they typically provide basic services aimed at getting you set-up. There are many blogging apps, but the most popular is WordPress, and you can quickly set-up a basic WordPress site through your provider.
Since WordPress provides flexible functionality for a website, for example, you can host an eCommerce store with your blogs, some bloggers find WordPress too complex for their plans, and are comfortable with a ‘blogging’ only app.
If you think you might want to do more with your blog – for example on my website for Ready Entrepreneur, along with the blog, I have my podcast embedded, links to online courses, and a store – and I am able to use plugins to extend the capabilities of the site from inserting landing pages from another app under the same domain, to capturing contact information.
As always, if you are unsure, start with the most basic option and be prepared to build from there.
Third Party Website
Blogging platforms, like Medium.com are websites where bloggers can establish their reputation and build an audience. These sites allow anyone to open an account and posts blogs, for free. Although these sites lead to a variety of subjects, they also attract a variety of readers who want to discover new voices, and learn more.
If you want to access the reader audience on these platforms, you can repurpose the blogs you create on your website. This allows you to gain both the traffic on the platform that is casually browsing, and the followers on your site who could one day become your dream customers.
Writing, Posting and Distributing Your Content
Once you have set-up your domain and webpage or site account, it’s time to write and post content.
Refer back to the Types of Blogs section to pick the direction you want to take your content.
If you are looking for topic ideas, listen to your friends, colleagues and neighbors, check social media, Google trends, and news headlines, and remember how you became interested in the subject in the first place. You probably have stories, ideas and anecdotes from your own experiences that could make the content for a blog.
Take a look at the work other bloggers are doing. Do not copy. Instead use other content as inspiration, and as a springboard for developing your own ideas.
You can post blogs on your own schedule as little or as often as you wish. But the more consistently you post, the more reliable you will appear to your readers. If readers enjoy one article, and they see another one the following week, and the week after, they are more likely to remember you, and maybe even recommend your work to others.
Search Engine Optimization
Search Engine Optimization (SEO) is the process, both technical and creative, that you use to help search engines find your blog. When you distribute your blog online, you should always make sure that you are search optimized, to drive organic traffic doing searches.
You will find many SEO apps and plugins online, and implementing SEO practices is not difficult. But being noticed is a challenge, you will have to do your own work to ensure people click on your blog.
Do Your Own Promotion
While search engines can organically find your blog, you will have to do your own distribution and promotion to drive traffic to your site.
Social Media
You can use social media to drive traffic to your blog by posting about the topic you wrote about and including the direct link to your blog in your posts. Add images or videos to attract attention, and ignite curiosity about your content.
For bloggers, all of the big social media sites are helpful, except Instagram, which does not have links in regular content. So if your content is visual, and insta-perfect, this limitation will be a concern, but you have the work-around of using the other platforms.
If your social media followers are mostly friends and family, include a Call-to-Action for them to share the post with their networks.
Track Your Traffic
If you have your own website, you can set-up analytics to track your visitors and the pages they frequent. This data will help you understand your most popular content, and perhaps give you additional content ideas, or more promotions you can do for specific content.
Track consistently to look for trends and opportunities to grow your blog’s popularity. For example, if you notice more traffic is coming from mobile, you can do a more mobile-friendly layout for those users.
How Blogs Make Money Online
The final part of your blog set-up is monetization…making money from the blog.
For the most part, your revenue opportunity comes from placing advertising on your blog pages. You can have Google ads automatically on your pages, affiliate ads that you place yourself, or links to your own digital or physical products that you sell in your own store or on a third party platform.
Essentially, having a blog works like a broadcast television network that creates lots of content, and drives ‘eyeballs’ to the shows that advertisers are paying to be featured on.
Your opportunity in earning for your blog comes from driving as much traffic as possible to your site, and having a percentage of that traffic click on the ads, and in the case of affiliates, making a purchase.
Google Ad Sense
The fastest way to begin making money with a blog is to set up a free account with Google Ad Sense, and let the search engine automatically post ads on your blog pages. Google’s advertising program pays you for clicks through to the sponsored ad pages.
You can control where the ads are placed, and to which pages, and you can ban content you don’t want associated with your work.
Google is set to match your blog content to related ads, but if subject matter is beyond the translation of Google’s A.I., you might find the ads do not match at all.
Once you set-up with Ad Sense, continuing monitoring the placement of ads to make sure they are where you expect to see them.
Affiliate Ads
Affiliate advertising is when you align with a third party to promote their product or service, and earn a flat rate or percentage for purchases made by other people through your links.
With many affiliate programs, you can sign-up for free on sites like Swagbucks, and place their advertising images with your affiliate link directly on your page. As more people sign-up, you earn a ‘bounty’ for bringing in new affiliates.
If you join the Amazon Affiliates program, you can also earn a ‘bounty’ for sign-ups to continuity programs like Amazon Prime.
Or you can promote products, including almost everything on Amazon.com, and earn whenever someone purchases a product through your link. As mentioned in the content section, you can even have an entire blog that is linked to affiliate products.
Because there are affiliate programs for almost every product you can think of, you should be able to find products that align with your blog content.
To keep your blog orderly, you want to have ads that support your product, and do not make your site look just like an advertising vehicle for sponsored products, or worse, a scam.
Links to Your Own Products
If you sell your own physical or digital products, you can use a blog to drive people to your products.
Write blogs that align with your product, then promote your product links directly in the blog or in the sidebars of your website.
This is often done with reviews (which you do not write for your own product, but you can post what others write), the review is linked back to the product.
But the real success in using this process is to write the definitive article about the value of your product, and then drive people through the links to your purchase pages.
Extension Products
Advertising is the direct way that blogs make money, but if you have a successful blog you can repurpose it to make money on other online platforms like podcasts and YouTube.
If your blogging positions you as an authority on a subject, you can also create courses, sell coaching, write books, or do speeches or other activities that are related to your blogging content, but are not directly revenue created from the blog.
All of these opportunities come with time, once you make your blog successful.
But when you are starting out, and you have no traffic to your blog, you will have no money from your blog, that’s the reality.
That’s why you must think carefully about how much you are willing to spend up-front, and how much time you will place in promoting your blog.
If your SEO is working, or your topic is unique and sought after, it’s possible for organic traffic to discover your blog, click on your ads, and you make money. But in general, if you are too shy promote your own work, you will not have a chance to earn from your blog.
What Makes Blogs Successful
A successful blog has great content. But that’s only the beginning.
The most popular blogs are delivering a form of comfort to readers. Whether it’s in the form of information or provocative statements or how-tos, a reader is satisfied after reading a great blog. And they’ll keep coming back for more if they feel the content is consistent and always appealing.
To get your blog into a success position, which means it starts paying you, build on the positive comments and reviews you receive.
Try to discover what appealed most to those readers, and why. You don’t have to start trying to tailor every blog to a raving fan, but it helps if you have an understanding as to why a specific blog post resonated with people.
From the beginning, blogging has been about the writing. While many blogs contain great visuals or videos, it’s the writing that brings people back time and again. If you want your blog to stand out and be noticed, that’s where to start.
But all the other activities must be completed also to make your blog a professional and reliable site for return readers. And you must promote the blog to as many people as possible to get the traffic on your site that will make your business profitable.
Choose blogging as your online business platform if you’ve come this far and believe you have the ingredients to make it work. But, ignore blogging if you plan to only do a superficial job of writing and promoting your site.
The real story behind starting a blog to make money is to make an effort marketing and promoting your blog to drive traffic to your site. Because without the upfront effort in creating your own publicity, you are unlikely to make any money. But with it, you give yourself a chance to stand-out among the 600 million and take your place in the online entrepreneur community.
Check out Case Lane’s blogs:
For aspiring entrepreneurs: https://www.readyentrepreneur.com/blog-posts/
For guest podcasting: https://podcastgueststar.com/
For fast, healthy eating: https://food.readyentrepreneur.com/blog/
For travel: https://travel.readyentrepreneur.com/
For Case Lane books: https://caselane.com/blog/
DISCLOSURE: links to Amazon.com, Bluehost and Case Lane’s books on Amazon.com are affiliate links that earn for eligible purchases at no additional cost to you.
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The Creative Actions for Starting an Online Business
by Case Lane
This is Part Two of Two posts about my new book Recast: The Aspiring Entrepreneur’s Practical Guide to Getting Started with an Online Business.
The book is ten practical actions for aspiring entrepreneurs who want to start a business online, live with purpose and achieve their dreams
In this second post, I’m covering the Creative Actions, where aspiring entrepreneurs must understand the options for moving forward with a business idea
Part Two: Recast
When you Recast Yourself as an Entrepreneur, you are deciding to change the way you think, work and act so that you can bring forward – usually from scratch – the vision of a product or service that provides a solution for people who want or need it from you.
You are doing something exciting and terrifying.
You are aimed against the tide, and this whole societal idea of what you should and should not be doing.
Maybe it’s a little crazy?
And maybe it’s the entire idea of progress.
But how exactly do you do it?
Recast for Success
The role of Marty McFly in the fabulous Back to the Future movies was originally played by Eric Stoltz. They had already started filming when the production decided Stoltz was not right for the part. They wanted Michael J. Fox, who at the time was the star of a hit comedy series called Family Ties.
Now this is Hollywood, and Hollywood does not exactly share talent. The problem is like having a professional athlete who wants to play two sports. Like Bo Jackson, who played professional baseball and football at the same time. Both teams are freaked out that the athlete will be injured in the other sport – and then deny the other team their star. This might explain why you rarely get the two-sport professional anymore.
When Back to the Future was recast, the production had a problem. How do you get Michael J Fox in two places at once? Legend says they worked out a deal where a car service, and an assistant took him back and forth between the Back to the Future set and the Family Ties set, and made sure he was where he was supposed to be.
Both sets had to work out a schedule, plan their shooting for when he was available, and the transport had to get him back and forth as required.
Presumably, Michael J Fox could catch up on his sleep in the car.
Both Back to the Future and Family Ties were iconic mega hits, so history can assume everybody was happy.
But the opportunity for came from working through the logistical and schedule details.
The Creative Actions
For an aspiring entrepreneur who wants to get started with an online business, which requires navigating between an old life, and a new dream, you have to focus on the Creative Actions that bring the dream to fruition.
The five creative actions you need to move forward, follow the five foundational actions discussed in a previous post. As in the book Recast which covers all ten actions together, the count for the creative actions begins at…
6. Identify your Idea
7. Research
8. Connect
9. Create an Action Plan
10. Do Activity #1
6. Identify Your Business Idea
Your business idea is the core value you want to deliver as an entrepreneur. What is the product or service you believe is wanted or needed by people in your soon-to-be-defined community in the world?
Identify your interests and skills, your passions within those interests and skills, and extract your business idea from that information.
Even if you are not sure about the idea, pick one so you can move forward. You can always change it later as thousands of entrepreneurs have done before you.
7. Research
Once you have your idea, you begin researching. This research is specifically about how to get started and set-up a business around your idea. For example, if you want an online store, you begin investigating how to set-up an online store.
Your research can include taking an online course, reading books, listening to podcasts, watching videos – taking notes. Whatever is the best way you like to approach learning.
Take notes about key points so you go alone. For example, if someone outlines a step-by-step, take notes include where there are gaps in your understanding. Your next research will be to fill in the gaps.
Put together a picture of the work you have to do next.
8. Connect
Part of your research is also action #8 – connecting. You want to talk to people who have done what you want to do. If you cannot find like-minded people – you can continue to research specific people by listening to their podcasts, or watching videos and reading their books.
If you can talk to specific people, use the information you gathered in your initial research phase to ask questions that continue to fill in the blanks.
Ask what the gurus leave out! That’s the most valuable question: What are people not saying about a particular product, service or industry?
9. Create Your Business Action Plan
As you are gathering research, you are creating an action plan. Make a blueprint for the activities you need to do to start your business.
Your blueprint can include activities such as buying your domain name or options for product manufacturing. Each activity will likely have additional activities attached to it. As you create your action plan, account for any area where there are still questions.
In your Action Plan, include how long an activity is estimated to take, who is needed to do it, and how much it could cost.
With any cost that looks prohibitive, identify alternatives, or create another action to identify the money.
Keep going through this process until you’ve given yourself a complete overview of all activities you would need to do to get your business up and running.
But do not keep adding ideas and activities forever.
The key to the entire process is to take Action. You create a plan only as far as you need to begin creating your business.
10. Complete the First Activity in Your Action Plan
Your final get started action is to complete activity in your action Plan. Finishing the activity will lead you to the next one. Completing your first action gives you momentum – and feedback. You can begin to see results and get more ideas.
Your Action Plan is a living document. One that adapts and changes as you take action. You keep it going with each new move you make.
Summary: Your Creative Actions
When you Recast as an Entrepreneur, you are setting yourself up for a life of – professional satisfaction, financial security and lifestyle freedom – on your terms.
But you have to be prepared to be an entrepreneur.
And you have to get started.
Your Creative Actions for Your Entrepreneurial Dream are to:
- Identify your Business Idea
- Research
- Connect
- Create your Action Plan
- Complete your First Activity
Every action you take towards building your business gives you the confidence and momentum to keep going forward. And if you keep going forward, you avoid falling away to the fears and obstacles that stop many aspiring entrepreneurs from achieving their lifestyle dream.
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How to Decide on an Online Platform
Part 3 of 4: Choose to Be Comfortable
by Case Lane
When choosing to launch an online business, you do not want to be phony.
In fact, you are told must be authentic.
Except there’s the conflict. You are being told you MUST be authentic, under the assumption that everyone knows what authentic is.
At the same time that people claim you must be authentic, they also claim you should make videos, or send email, or start a podcast or dance on Tik-Tok.
Aspiring entrepreneurs who want to start a business, and attract an audience, but are turned off by the so-called ‘authentic’ things everyone is saying to do, need an alternative for appearing on an online platform.
The best bet is to pick the space where you are most comfortable.
What is an Online Platform?
Your online platform is the Internet space where you have your online presence – the basis for your business.
Bloggers have a website, podcasters appear in directories, vloggers post YouTube videos. Social media influencers dominate on Facebook or Instagram or Twitter.
You decide which one works best for you by deciding first which form of public expression suits your preferences.
A Presence You Own and Defend
A while back, in Hollywood, one of my colleagues once told me about this incredible idea one of the senior executives had that would change the industry.
My colleague was prone to exaggeration about a senior executive’s idea…especially if it could lead to career advancement. But the executive in question was more qualified than most, and had a solid reputation.
The idea could have been great…
….but, it was terrible.
And to my surprise I told my colleague exactly what I thought of the idea. I reacted against character because I felt passionate about the subject, and had a strong opinion of its viability.
The decision whether the idea would be implemented was not mine to make, but the opinion was definitely mine to express.
The defense of your own approach is even more pronounced online.
Model Your Own Instincts
When you see people online in your target industry acting all the same – being cutesy, dancing, giving shoutouts, swearing and hollering….
You might think that’s how you have to behave to win over people in your potential community.
Many aspiring entrepreneurs imitate successful people because they believe the success can be directly copied.
But that approach rarely works.
There is already a successful person being the original version of who you want to be, so a fake version has a limited chance.
Often a new entrepreneur does not want to behave like the successful person. But does it under the mistaken belief that the community will only respond to the questionable behavior.
However, since you are passionate about your product and service, and turned off by the presentation of the existing leaders in your field, then you may have an opportunity with other members of the community who feel as you do.
No doubt your niche has specific approaches to ensure you are seen by your community, and are communicating your message effectively, but you can modify your approach to ensure you are comfortable, and therefore authentic in your presentation.
If you see a successful person in your industry who is a blogger, but you hate writing, you can either do something else, or outsource the writing to someone else.
Remember, online your marketplace is the entire world. There is likely a community that would appreciate receiving your product or service in a form that it is not currently presented.
For example, today almost every book is released in digital, print and audio formats. Not to mention those that may eventually be made into a movie or show.
The reason you can keep releasing the same story in different forms is because different people want to absorb the same story in the format they prefer.
Select Your Platform Preference
You can deliver your product or service offering on exactly the platform that you prefer.
You have to decide where you add value, and how you want to contribute based on your expertise and skills.
You can also look at your niche the same way. Test the approaches you prefer, and measure your community’s response.
For example, professional NFL football has one community of beer-drinking, screaming, face painters…and another of statistics and analysis geeks from analytics professors and statisticians to college students and the curious who discuss the probabilities of certain plays, moves and scores in every scenario.
The business of data is data tables, analysis apps, fantasy football instruction manuals, courses on how to understand the game, blog, podcast, affiliate for clothes, gear, and food…and more.
You can approach your own passion in your niche in any direction you choose, and find your community wherever they may be hiding.
You can write, talk, film, teach, dance or holler…
Practically everyone is on the Internet, and everyone is looking for their preferred approach to education, information and entertainment.
There is no competition and all fields are wide open because people are constantly searching for their preferences.
When you go online with your business idea. You can deliver as you see fit.
That’s the incredible opportunity that exists in the online space today. And you have the opportunity of a lifetime to take advantage of it.
For the next article: Click Here for Part 4 of 4: How Dominate Your Niche of Niches
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How to Prepare to Be an Expert Online
Part 2 of 4: Identify Your Passion in Your Skills and Interests
by Case Lane
When I was at law school, a few years ago, I realized something no one ever talks about. People were NOT putting their entire lives online on the social networks. The secrets were still very much being kept secret.
You might guess what some of those secrets were, but what’s surprising is that even the benign activities were being self-censored.
For example, if someone had a hobby they thought their friends would make fun of them about, or an interest in an influencer they wanted to follow, but did not want everyone to know they were following, people had to find other groups and places to express this interest away from their main social pages. They created new pages or signed up for other sites under different avatars.
If you are an aspiring entrepreneur who wants to start an online business in a niche no one knows you are interested in, or where you have limited or no experience, you face the same dilemma right?
How can you legitimately declare your passion or expertise to be exactly what you say it is even if you have no experience in your niche?
The Science Geeks Hangover
Have you ever actually seen one of those bubbling plastic model volcanoes? You know the kind that are the staple of jokes on TV show when making fun of a science project.
Those model volcanoes are Science Fair fodder. And at the Science Fair, as you remember, the winners get a blue ribbon nobody sees, and a pat on the back that has no clear path to ongoing success…
Now don’t get me wrong. I love science. I think the Science Fair champions should get the front page of the paper, and be honored at the Super Bowl half-time show.
Those brilliant geeks make the plastic volcano to demonstrate the build up of pressure into heat, steam and gas that EXPLODES into the air, then down on to everything in molten liquid destruction…
It’s super cool! And often easily forgotten…
The State Science Fair is a big deal for some people, but it receives not nearly the attention given to the State Basketball Championships, which is a big deal for everyone.
The science champion will likely receive a free ride to college, and so will the basketball champion.
The science champion may even receive a lot of interesting offers to work in a research lab or at a big corporation.
But the basketball champion knows exactly the types of offers she could receive. The basketball champion already has an absolutely clearly defined road to success that almost everyone knows, and can repeat.
Only the future professional athletes have this clarity…not the biologists, not the musicians, not the historians, not the programmers, and…definitely not the entrepreneurs.
The Value of a Familiar Road
The high school basketball player who has the intention of playing professionally, knows to work to earn a spot on the varsity team, and if not the junior varsity, and at least play intramurally.
The top players may even earn a spot on an AAU traveling team, and compete at multiple levels.
During high school, the goal is to earn a Division IA full ride college scholarship, and if that doesn’t materialize, the player tries for Division II or III with an eye to reach Division I, some day.
While in college, the goal is to try for the NBA, and if not the Development League or leagues in Europe, Asia or South America.
There is also an opportunity to compete for a national team to play in the Pan-Am Games, or maybe even the Olympics.
When playing days are over, the player can start the process again as a coach or team management, first in high school, and then college, and internationally…
…and so they keep going.
Not everyone makes it, but everyone knows what the path is…and has an chance to pursue each possible direction to achieve the next level of success.
The science champion may or may not get a job, may or may not have a promising career, may or may not get to work in their preferred field, and in all circumstances has no clear path to defined markers of success.
There could be annual science competitions, but none have the objective championship declaration like the number of points scored in a basketball game.
The science champion will have to figure things out and accept decisions made by others. They are caught in a status quo of research grants, subjective analysis, and naysayers and unbelievers, questioning what turn out to be their best ideas.
The Opportunity to Prepare
The basketball player can ramp up her own performance, and aim for higher and higher opportunities along the pre-determined path.
And because the basketball player can see the path, the road and the opportunities ahead, she can PREPARE to be a professional basketball player, coach or even team manager or executive, knowing the available jobs and programs, out around the entire world…for life.
Every day the basketball player needs to do more drills, more shots, more weight-lifting and running. Diet can be modified, so can sleep. Hours can be spent watching tape to see not only how the greats play, but also your own mistakes.
The basketball player can always be ready for the next opportunity…
…The science champion has to rely on outside forces.
The aspiring entrepreneur must do both.
Like science geeks, aspiring entrepreneurs do not have a clear road, but like basketball players, you can prepare.
An aspiring entrepreneur can understand the road to follow, and the skills to develop, while declaring a passion around an idea upon which you build your business…and then work directly in that business to achieve success.
And the success is defined…by the objective global marketplace.
The market will tell you if you have won or lost against your definition of success.
Declare Your Expertise Through Your Work
Many who follow the entrepreneurial road are indoctrinated into the science geek’s understanding of life, and allow the gatekeepers to decide their path.
Outside forces define not only the qualifications for your professional success, but also the attributes that would put you on their radar in the first place.
The result is not always satisfactory, a fact that leads many to try entrepreneurship. And when walking away to go into business for themselves, aspiring entrepreneurs can look at the activities successful entrepreneurs are doing, and model their practices.
As an entrepreneur, you set your goals based on the opportunity you see, and you work to achieve them.
The only approval you need is from the global marketplace where you deliver your product or service.
Select your passion, the niche or space – the product or service you want to champion – exactly where you want to make your mark, and you use it to do exactly what you want to do, even if you have no experience.
The key driver for successful entrepreneurs is doing the work. That’s what separates the successful from the forgotten. That’s the only common denominator.
Entrepreneurs can be born rich or poor, finish school or not, go to the formal workplace or not, travel the world or not – and in all cases, the success stories are written by and about those who did the work, and did not give up.
You declare your expertise exactly where you are going to put in the work.
Because your intentions and effort will put you ahead of those who are not doing anything. You can start with zero experience because the minute you get started you know more than the next person who never tried.
If your production and delivery of the product or service resonates with that next person, that person will consider you the expert they want to follow, and you will have your business.
Just like a basketball player, you keep the main goal in mind, while you make adjustments based on feedback and the response you receive from the global marketplace.
While the science geek is waiting for grant money or possible job offers, you are practicing the moves needed to break in to the next level by being passionately involved in your chosen area of expertise.
You have to get ready like the basketball player.
You have to prepare to be a Ready Entrepreneur
For the next article, Part 3 of 4: How to Decide on an Online Platform: Click Here
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How to Find an Online Business Idea…
…That Works for You!
Part 1 of 4: You are in the Internet World Now!
by Case Lane
You are looking at a world where everyone seems to be making money online.
Even if you do not really surf social media or pay that much attention to the online world, you know other people are building financial security and having an awesome time…and you’re not.
And you’re wondering what to do next. Should you join in? Are you missing the future? After all you’re educated and have worked for years and have tons of experience, and you’re wondering why you cannot have the same success, that these overnight online wonders seem to be having.
Then you think again, and wonder about jeopardizing your education, work experience and knowledge by doing something you’ll regret online.
Do you have to be silly? Swear and be outrageous? Do a song and dance like those other people you see? Or can you be serious and spread your knowledge without becoming just another one of those annoying Internet show-offs?
The Value of Online Business
You know, many of us never imagined having to figure out how to earn income online…
We did not see, and did not have to see the rise of technology as a life-altering fact.
For many it was like a fad that would pass…
I noticed this back when I worked in Hollywood, and watched the rise of digital media from physical media (you remember film and tape, right?). Over a couple of years, we were first spurred on to switch from VHS to DVDs..
…but would you believe I worked with a high-paid home entertainment executive who once said, with all sincerity, “I don’t know why someone would want to buy a DVD.”
Maybe in hindsight, when you think about the multi-billion dollar industry that was once occupied by DVDs, you want to laugh right? This guy was making millions, seriously millions of dollars a year, running a billion-dollar division of a mega global corporation, and he honestly had no idea what was driving consumer choices.
That executive could not see the future that was right in front of his face. He probably would not be able to do the same today.
The transition from the industrial age to the tech age is already overwhelming people, including, and maybe especially, those who are educated, and well-off, and think that they and their children are already set for life.
What if they are not? What if you are not?
In 2020, the world changed overnight. We have always lived in a world where we could not, technically, predict the future. But in 2020, the uncertainty is at a new height.
Companies are spending day and night planning for the post-pandemic world. But they’re planning in a fog.
What’s the new normal?
Nobody knows.
Your Opportunity Online
Given the uncertainty around us, we have to react to changes…and learn to react quickly.
In the pandemic economy, essential workers, corporate management …and online entrepreneurs continued to work. Delivering value and solutions to increasing numbers of those who want or need new services and products.
After starting ebook self-publishing while in law school, I decided the best way to learn was to do, and I became immersed in the world of online entrepreneurship and the tech tools and resources available to everyone who wants to get online.
I firmly believe that a great number of us, maybe one-quarter to one-third of the population should be independent, self-sufficient entrepreneurs taking full advantage of technology and the global marketplace to maintain and enhance our security in the global economy.
We should not be living in a world of constant instability.
And even if there is some recognition tomorrow that the global pandemic exacerbated the gap between rich and poor, and we have to do something about it, governments and civic society are unlikely to develop long-term solutions anytime soon.
How long will lasting permanent sustainable viable change take? Longer than you you’ve got.
You are much better off securing your place – by yourself.
Follow a Guided, Tactical Path
The online entrepreneurship opportunity is alive and thriving, the investment is low, and the demand is high, yet many do not accomplish their dream to become an online entrepreneur, or they drop out while trying.
To avoid overwhelm, and help you see through the jumble of information so that you could get your chance in the digital economy, follow a clear path that makes sense to you.
Based on my research, reading, building my business, observing developments all over the world, talking to other entrepreneurs, helping aspiring entrepreneurs, and trying all the various paths myself, I developed a framework you can use to prepare BEFORE diving in to one of the online entrepreneurship fields.
Instead of randomly thinking about whether you could be a blogger or podcaster or course creator, take the cleared path through the noise, and adopt the blueprint you could use so you would know where to start.
Focus on Value
The tech economy both thrills and scares people.
The first post is the hardest, right?
As an online entrepreneur, remember you share value. Your work is important. You provide knowledge, advice or even useful tips from your hobby that other people can find useful.
The first time you decide to put your words online, you may feel a little trepidation.
This fear is normal. The reason is the visibility and permanence that comes with posting. In this current environment, what you say online defines you, and stays part of your legacy forever…as far as we know…
And that’s pretty scary…
So spend time to think through the content you plan to deliver before you post your message…even if you’re still worried.
What will happen?
A variety of people are making money online for a reason. They overcame their initial trepidation to make sure they contributed.
Entrepreneurs have the courage to move forward.
Define Your Personal Goals
Maybe you want additional income, or maybe you are really concerned about your current paycheck or your retirement…
Maybe you want to use the incredible education, knowledge and experience you have built up, and deliver it to a world that wants and needs what you have to offer.
If you can create an online revenue stream for yourself, you have a chance to build your future security, hedge your bets against job instability, and fully participate in the online global economy…
In other words, you can set your own future…and maybe set one for your kids, friends and others too.
This is the future we all have to get moving on together.
That old world Hollywood executive did not understand how the world was changing…
But you do…
…And so do I…
Get the Right Idea
To take advantage of the online entrepreneurship opportunity to make money, be successful, and achieve lifestyle freedom…
Focus on a business idea that:
- Reflects your interests or skills
- Delivers over the platform where you are most comfortable
- Helps you be the automatic leader in your niche of niches
That means…
1. Technology, and the access to the global market you get through technology are not passing fads. You have to recognize that this is a permanent change to our economy and society. And you have to decide if you want to fully participate, by starting an online business, and becoming a contributor.
2. If you’ve come this far, you probably recognize that becoming an online entrepreneur allows you to take the best of all worlds…
…You can highlight your professional skills
…Reach deep into your interests
…And deliver value to those who are aligned with you.
There may be other professions that provide you with job satisfaction or financial security, but they all also likely depend on the Internet. By starting your own business online, you are setting yourself up for the future that is already here and covering all your bases.
3. When you prepare to be an online entrepreneur you increase your chance of success by focusing on exactly what you like to do, and picking the platform and tools that best fit your vision for your ideal life.
You have your opportunity to achieve your vision of Lifestyle Freedom through an Online Business – the 21st century dream life – but without Feeling Fear, Embarrassment or Imposter Syndrome.
You want to be authentic and deliver value as you see fit.
Today, right now, you are living the opportunity to have the life that you truly want. A life on your terms where you add value that you believe in, and that makes you feel like you’re really contributing to build the world you want to see.
Becoming an entrepreneur, being your own boss and having your own business is one of the best ways to take control of your life, and to deliver to yourself your own life dream.
But you have to get started.
Why is it so important for you to move forward with entrepreneurship now?
Summary
1. Technology is our lifeline and upon it we are building the future. So the more you know about having a life online, the better you will be.
2. Being an online entrepreneur means you develop online skills, you learn the tools and resources which now are indispensable in the work world, and you can accelerate your professional development, and improve where you want to be.
3. When you prepare to be an online entrepreneur you increase your chance of success by focusing on exactly what you like to do, and picking the platform and tools that best suit your vision.
For the next article: Click Here for Part 2 of 4: How to Prepare to
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Thursday 10 am PST via Zoom
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by Case Lane
When you are first starting as an entrepreneur and manage to put away 15 minutes a day to work on your business, you will likely start by researching more about your business idea.
The purpose of your research should be to find sufficient information to move on to the next step in launching your business. But many aspiring entrepreneurs get caught in analysis paralysis, endlessly researching similar products or services in an effort to understand the competition. But there are more productive ways to spend your time.
When researching:
Investigate your Business Idea
Once you have a business idea, you have to find the information to fill in the gaps in your knowledge.
Most business ideas come from the entrepreneur’s own questions around their likes, dislikes, hobbies, experiences, work and education. Some people have also asked others to contribute to an idea. The origin of the idea is the foundation for going forward and doing your research.
Research Leads to Action
All research should be leading to action. The research provides the details about how you can bring your product or service to your community, then you can begin to take the action steps necessary to make it happen.
Research helps you realize what you need to do. The information can help you decide how to determine what you like or do not like that is already available, to identify best practices and good ideas, and to put together an action plan for yourself.
You want to see what’s going on in the marketplace – if anything – related to your product or service. And this exercise exists even if you have an idea of a product or service that does not exist in the marketplace.
Look at the context and functions for your idea
Looking at the broader market will help you determine the context for your product or service.
For example, there is a saying that if Henry Ford had listened to his customers, they would have said they want a faster horse. The statement is supposed to be profound because Ford of course brought the car to the masses. The masses could not have envisioned a car, they could only envision a faster horse.
But if you look at the context of this example, you see a different story. Consider the functional not literal product Ford delivered.
The customers were saying they want to get around faster. And Ford responded by giving them away to get around faster than a horse. He even emulated the infrastructure needed to manage his new product.
The car needs care and feeding, just like a horse, but this time with hay not gasoline. The product needs to be stored, not in a stable but in a garage. And it must be maintained, not with horse shoes but with tires. Ford actually gave people the functionality of a faster horse – that’s just not what we ended up calling it.
So when you are looking at your product or service, you are looking at the context for how you will introduce the product, and the functions it will perform.
Even if you have invented a new product or service, you still need to research the other products or services that try to address the same or a similar problem.
Go Offline
After all the online research, it’s important to remember there is a world outside where potential customers could be demonstrating the literal or functional use of your product or service.
If you look and touch the real world, you might learn more about what you intend to offer. Go out to see your product or service in live action. You can go to a store and see people shop or ask questions about the product, or maybe just walk down the street to see if your idea evolves based on your real world interactions.
Even if your product is completely digital, consider if the problem you are trying to solve also plays out in the physical world.
Limit Your Research Time
When starting research, Now I mentioned earlier that you do not need to do endless research. You can decide how much time you really want to spend. Part of the decision rests on how your life is currently organized. If you are only taking 15 mins a day to research because you are slowly working up to your available time then it make take you several weeks to put together sufficient information.
Generally if you have one or two hours a day, start with one week, and see how much information you can gather. If you still feel you need more information, go one more week. But do not keep procrastinating or delaying the work.
You are much better off getting started than just trying to keep researching forever.
You will know you are finished when you have enough information to move forward. For example, if you are starting a podcast and you’ve researched equipment and learned how you can do the recording, and where to host the completed file, at that point it’s time to create content.
You don’t need to keep looking at microphones. You can go with the most recommended one and if you don’t like it you can upgrade later. The same is true for the hosting platform or recording software. You can always change your mind after you get started and receive initial feedback on how the process is working.
In general, you are doing research to give you enough information to move your business along, not to have an excuse to delay starting your business.
Summary for How to Research Your Business Idea
- After you have selected your business idea, research is used to determine what you need to do next to take action on getting your business started
- Think about the functional use for your product or service and the context that people will use it, not just the literal use of similar products or services
- Go out into the real world with your research, not just online. Look up how similar products and services are presented in the marketplace
- Keep going until you have enough information to move on to the next step of your plan. A week of 1-2 hour days is a good start. Make sure you stop and move on. You can always change your mind after you have started and tested the results of your decision.
- It’s better to start the business with a little research, than to not start at all while you continue to spend time endlessly looking things up
The key to researching your business idea is to get enough information to move you along to the next step.
The idea as always is to just get started.
