What Are The Steps In Creating An Online Business?

Many people ask me what are the steps in creating an online business.

The answer is amazingly simple. But today, I’m going to make it even simpler for you.

There are only 3 steps in creating an online business.

Step 1: Select an online business model
Step 2: Create a website that executes the business model
Step 3: Promote the hell out of it!

Step 1: Select an online business model

There is one powerful online business model that I particularly prefer.

This business model was popularised by Mike Filsaime, who named this model as Butterfly Marketing.

Here is how the model works:

- You giveaway something that people want, in exchange for their email addresses.

- When these people opt-in to your list, you present them with a one-time-offer, usually a high value product

at rock-bottom price. The conversion rate for a one-time-offer is usually 10%.

- You run your own affiliate program and encourage your subscribers to refer more people to your site.

- You can follow up with your list, recommend more products to them and make more sales in the future.

I like this business model because of 3 reasons:

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