How To Start An Internet Business In 3 Easy Steps (And What Holds You Back)

By Yaro Starak
129 Comments

It’s not quite as easy as the title makes it sound, but bear with me, this article will explain the three steps that are the foundation of every Internet business, why so many people go wrong and give you some realizations that might just be the key to take your Internet business to the next level…

I’ve been studying resources lately designed to teach Internet business, but not just introductory materials, content that goes beyond beginners and is intended to take you to making making millions online.

In my case I’m interested in advanced topics that I can apply to what I do and fill my current knowledge gaps to take the next step forwards. While hunting for those elusive gold nugget ideas I invariably scan the introductory materials and learn with interest how this particular person or organization cover the basics – how they suggest you get traffic and make sales.

My studies have led me to the conclusion that Internet business is actually quite easy. Explained in simple terms (which I will do in a moment), the structure of a successful online enterprise is comprised of a few components, that when linked together can deliver hundreds, thousands and even millions of dollars in online profits.

Easy Money

Easy As 1-2-3

While we all have different ways of presenting what we do and the tiny details of getting a result vary, most Internet marketing experts teach the same few principles, which are in fact no different from what direct marketers have been doing and teaching for decades.

It goes something like this…

Step 1: Traffic

All online business models rely on traffic of some shape or form, and it’s here where I’m always curious to find what others do to drive attention to their business, as I’m sure you are too. In almost all cases a combination of one, two or all three of the following techniques are the main traffic drivers that fuel the business.

Pay Per Click: Buying traffic from Google’s AdWords is recommended as the quickest, but least forgiving traffic tool. Get this right and you get thousands of visitors instantly at a cost lower than the income they return. Get this wrong and you lose money. It’s a harsh learning curve, but for the winners the pay-off is significant.

Search Engine Optimization: Again Google is a significant component of this traffic source, delivering thousands of visitors to websites that rank well. I was tempted to call this traffic method “content marketing” but let’s keep this as simple as possible. For those who are diligent and learn how to leverage content, search engines offer a steady stream of free traffic – it can just take a while to get it flowing.

Affiliates: Affiliate marketing is the most underutilized traffic source for many Internet businesses and that’s likely because it takes more than mechanical mechanisms to make it work. Relationships are required, but when you get the elements right presenting a winning offer to affiliates results is a huge traffic windfall for you. Affiliate traffic is usually quality traffic, thus has the highest conversion rate and best of all – it only costs you money when you make money, so it’s a low-risk investment.

Beyond these three core traffic techniques there are many other methods that can be used, but if you look under the hood of most Internet businesses you will find that one or two or all three techniques above account for the big chunk of converting traffic.

What Is Yaro’s Best Source of Traffic?

In case you are wondering, my best source of traffic is affiliates followed by search engines. For most blogs search engines will account for the largest chunk and most dependable source of traffic, since good blogs are content driven and search engines love content.

Step 2: Make A Sale

Once traffic is flowing, the next condition required for a profitable business is to make that first sale. A targeted front end offer is the usual suggestion, in most cases a sub-$50 priced information product, although a physical product can work too (many late night TV infomercials use a loss-making front end offer of a physical product that is used to identify and open communication with customers).

The purpose of the front end product is to generate a customer. Profit does not come from sales of the front end product in most cases (it’s hard to get rich off a $27 ebook), rather it is raising the per customer value that results in the big gains (more on this at step 3).

The front end product is important because it opens the door to a potentially long term relationship, which when done right, will result in benefits for the company and the customer. The first sale also creates the window of opportunity for step 3 – upsells and back-end offers.

Step 3: Sell More With A Bigger Margin

The core concept of step 3 is that it is always easier to convince someone who is the process of buying or who has bought previously, to purchase more.

The front end offer at step 2 creates the buying condition and then at step 3, upsells, downsells and cross-sells of digital items, continuity products, coaching, consulting, physical products, seminars, conferences and anything you can come up with that is relevant and valuable to your customers, is where the profit comes from.

While not every customer will take advantage of back-end offers you make, the strategy relies only on small segments of your customers buying your upsells and back-end offers. The margins at this point however are significant, so one back-end sale can result in as much profit as 10, 100 or even 1,000 front end orders.

As I talk about in the Conversion Blogging Video and break down in some depth in the Sales Funnel 4-Part Article Series, the idea here is to filter down to a very small group of people, a subset of all the traffic you generate, who buy everything you offer (or at least something with a high profit margin). It’s these people who benefit the most from your business, but it takes the above three step process to attract and filter down to them.

When you get this process set-up, you can determine how much each customer to your site is worth. You know how much traffic you get, you know how many of them buy your front end offer depending on what source of traffic they come from and you know how many of them buy back-end products and upsells. From there you can calculate how much each customer is worth, on average, to your business.

Do You Know Your Customer Value?

Do You Know Your Customer Value?

Rich Schefren hammers home the concept of Customer Value in his Business Growth System. He really needed to get this principle right because long before he was an Internet business guru, he had physical real world businesses (an hypnosis company and a boutique fashion store in Manhattan, New York).

When you run real world stores your costs are so high that you have to get your numbers right. If you don’t, you lose money – lots of it. In the Internet world things are more forgiving because sunk costs are so much lower, however that doesn’t mean customer value is any less important.

Internet business owners don’t suffer the consequences of not focusing on the key customer metric, instead we can flounder around, test and fail and walk away perhaps bitter and frustrated, but it doesn’t cost us much more than our time. If you were investing ten or twenty or even hundreds of thousands into your business, you would know your numbers from the start.

Raising Customer Value

If you knew, despite selling a $27 front end ebook, that thanks to a strategically timed and optimized followup process, that each customer you convert is eventually worth $300 to your business, could you use that to your advantage?

Of course you could!

You could spend more on pay per click advertising. You could hire search engine and content development professionals. You can pay more money to affiliates. All these things drive more people into your business, result in a huge strategic advantage over your competitors and fuel massive profit growth.

If you have been keeping up with recent launches in the Internet marketing space, nearly all the leading players have been implementing this process recently, and that’s no coincidence. These guys (and a handful of girls) are testing, sharing results and then replicating the process and of course – promoting each other’s launches each time they have something new.

As I outlined above in the three steps, it’s not a difficult concept to grasp once you spend some time studying Internet marketing (and perhaps experiencing the process as a customer of another marketer). However so many things can hinder the outcome that very few get far enough along to realize the million dollar result.

If It Is So Easy – Why Isn’t Everyone Doing It?

The problems lie in the details. While the explanation I provided in this article may present a process that is conceptually easy enough to understand once you get used to the basics of Internet marketing, pulling it off is difficult.

Most fail at step one – traffic. Despite best intentions and some initial hard work, people are sporadic workers at best, and without some kind of immediate gratification, give up long before results come.

Worse still, many begin an Internet business with existing hindrances that plague their ability to perform – things like mortgages, full time jobs, families to support, ingrained self defeating belief systems, unrealistic expectations, poor work habits, an inability to let go of control or hire help when required, inferiority complexes, low self esteem or all manner of roadblocks can get in the way.

For those who persist long enough minor results come there way, yet after such a long journey and so much effort, they are disappointed and discouraged – they expected to be making better money by now.

Take It To The Next Level

Take it to the next levelHard workers and people with talent often get the traffic part right and might even make some money with a front end offer or selling affiliate products, but they are working at full steam just to maintain that level. The idea of creating more product to sell for upsells and back-ends, creating sales pages, recruiting affiliates and doing even more seems impossible – the current workload is suffocating enough.

I can vouch for this because, while I’m successful to a degree (certainly above average), I am still not realizing a lot of potential – in fact I’d say I’m only realizing 10% of what I could achieve if I took the next step with my own business.

The advantage I have is I don’t see it as impossible to take the next step, nor do I feel that I am suffocating because I’ve built my business based on freedom before money. However, I do face a choice as to where my business is going to go next.

What Tiny Details Hold You Back?

It’s inevitable if I want my business to grow that I will need to make changes. The greatest potential for growth in any business is removing those things that hold it back, that constrain it. This is such a big issue that Rich Schefren decided to focus his entire new report just on constraints (I’ll get you the download link for the report at the end of this article).

As I stated earlier, it’s the details that stop people from succeeding at all points of the 3 step system for a successful Internet business. In my case, I’m held back somewhere around the step 2 and 3 area, although there is certainly potential to do a lot more at step 1 as well.

Here’s a list of the constraints holding me back –

  1. Lack of product to sell: I’ve got a bunch of products that are near complete or merely ideas in my head to be created that I just never get around to implementing. As a result, I don’t have anything close to a fully developed sales funnel with upsells and a back-end.
  2. No sales process for new products: Even with products ready to go, I can’t sell them until I have a sales page up and running with my shopping cart to take payment and deliver the goods. Plus you need autoresponders to keep the marketing system going for each new product and let’s not forget the whole “launch process” for each new product.
  3. Maintenance of current systems: I spend most of my time keeping the status quo going and there’s very little work on new projects. I blog, support my paying students, promote affiliate products and fix things when they break.
  4. I’m traveling: This one is understandable and will change soon enough, but it’s a constraint now because the little details (again with the details!) while traveling suck time too.
  5. I’m holding myself back: Ultimately, as a big picture answer – I need to get a whole lot of stuff done that I cannot realistic do myself – I need the help of other people.

I could break each point above into more minute details, all the tiny things that need to get done that constrain my results, but I think you get my point.

Now, how about you?

Every business owner should be able to sit down and relate a series of constraints that hold them back, based on where they currently are with their business and where they want to go next.

I suggest right now you take a look at what you focus on with your business, what the next step is to achieve your next immediate goal and what’s holding you back from getting it done.

Care to share your constraint?

If you are brave – take a few minutes to leave a comment reply to this article and list your present constraints, where you currently sit in the 3-step Internet business system and what needs to get done next.

You Need Awareness Followed By Action

Thankfully, just be reading this article to this point and reflecting on your own business situation you are getting closer to figuring out what is stopping you from successfully implement the oh-so-easy 3-step Internet business plan.

Here’s a process you can go through next to keep the momentum going –

  1. Become aware of the need for change
  2. Determine what problem has to be solved next
  3. Isolate the first step required to move towards solving the problem
  4. Collect the required resources to take that first step
  5. Execute

Rinse and repeat this to remove every constraint you have and you will be a millionaire. It’s that easy :-) .

Need More Help Dealing With Your Constraints?

Rich Schefren has just published his latest report – The Uncertainty Syndrome – which focuses specifically on the idea that constraints are what hold us back from succeeding at business to the level we desire.

If you like the ideas discussed in this article you will love his report. You can grab it here for free –

Download the Uncertainty Syndrome Report

What’s Next?

As always, I’ll continue to reveal my entrepreneur’s journey here on this blog as I attempt to deal with my constraints and take the next step with my business.

Whenever possible I’ll report back to you what I’m up to and my results, so make sure if you haven’t already that you –

  1. Subscribe to my RSS feed
  2. Join my email newsletter
  3. And if you are Twitter use, follow my Twitter Feed

Yaro Starak
Taking The Next Step

About Yaro Starak

Yaro Starak is the author of the Blog Profits Blueprint, a report you can download instantly to learn how to make $10,000 a month, from only blogging 2 hours per day. You can find Yaro on Facebook, Twitter and .

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129 Comments

  • Yaro! You are awesome. I just signed up for your mastermind program, This post is exactly what 99% of beginning bloggers deal with, your #1 is the main problem for 100% of bloggers, Great point!

    • For a blog it is a little different. Getting traffic is one thing, getting repeat traffic is what you are really after.

      When you sell something, you want people to come to your site and buy something. When you have a blog, you want people to come to your site, read and enjoy, then come back and read again.

      I personally think blog traffic is a lot harder than product selling traffic.

      • Let’s put it this way, as long as you want traffic, you need content. Yes, it is true you can do PPC campaign and SEO, but when competitor comes…you need to keep up as well.

        I use to do SEO for my affiliate sales, but I still found that is none ending contest between affiliates!

        You need loyalty customer who will buy from you again and again, that’s where email marketing is important, but blog gives you both…

        You get search engine traffic, you build relationship with reader and you sell to them over and over again!

        I don’t think there is any “easy” way to build traffic, unless you have your own product and affiliates army to sell for you!

      • I guess everything is difficult at the beginning, once you get the wheel rolling, it’ll be much easier to roll on.

      • Don’t worry about getting traffic;)
        take baby steps… & enjoy the blogging process

        My blog was a series of experiments that have somehow turned out well:) :) My initial intention was to start a blog about travel, food, and product reviews – to earn revenue via advertising (Google Adsense, sponsored advertising, and freebies, of course!)

        Apart from blogging, I’m also doing part-time MBA studies & work full-time in the PR/Sales/Marketing field. So, I don’t have as much time for blog maintenance compared to a full-tim blogger, and thus – ad revenues did not flow in as quickly as I had hoped. But the great thing is :) :) :) , through participation in social networking, Google Groups, and comments posting, the blog has turned into a launch pad for occasional freelance projects with more immediate benefits ;) ;)

        You can try doing that too! ;)

  • Hi Yaro.

    Still going thru your blog course, and applying things as I go.

    As far as constraints go, I have most of the ones you mentioned above, along with health issues just to make things interesting…but after a deserved vacation, I started to follow thru with my plans to implement two other blogs and eventually get around to monitize the both of them.

    And of course, I agree with your # problem to most bloggers ( beginner or not ) Traffic.

    Traffic is king, and leads to everything else, and for me with my blog being a bit more than a year old, it is still my major problem to deal with.
    Lew

  • I think my major constraint is getting my blog out there so I can get more traffic. I’m getting some but not nearly enough to monetize my blog. Sometimes I’m just bewildered as to how to go about getting past this hump. I’m commenting on blogs similar to mine and in forums and this is helping, but it’s just slow going. I guess I just need to take a more aggressive proactive approach. Going forward, there are some site improvements I need to address and I’m working on making my content better.

  • I’m Brave, so I’ll tell you my challenges.

    I’m a website developer so the technical aspects don’t phase me. I’m not held back by time because I work very hard and long hours – daytime is for web work, evening is my blogging time.

    I don’t have the traffic at the moment so that is a major limiting factor. No traffic means I don’t have a lot of the other things in place either because I’m trying to grow readership, for example I don’t have my autoresponder series of follow up emails set up yet as my focus is elsewhere.

    But… and while I realised I should… I don’t have the funds to outsource which could help me solve some of my issues.

    I think that’s a problem that most will face, so until the first trickle of cash comes in it’s difficult to really make your blog fly. I think for many the growth is a steady analogue curve which becomes a logarithmic jump once all the bits come together. It sounds like you Yaro are at the base of a logarithmic jump (and I wish you well). I think most of us will emulate your journey and probably in the same timescale and I also suspect that you knew most of what you have just written before but you hadn’t reached your tipping point yet.

    So as you say in your post knowing what you have to do and being able to do it are two very different things, but I firmly believe that when it’s right it will happen.

    Keep these posts coming Yaro – I’m looking forward to your Stella rise!

    • I hear you. I am in the same boat. I wish I had more money to spend on my Internet Business, but when it comes down to it, I don’t. I have some that use to on my proven money making methods, but when it comes to money for my blogs or new projects, I just don’t have it.

  • Great article! Why is it we never hear about you or see you at these big blog events John and Jeremy are at?

    It would have been great to see you on the big money bloggers panel at IzeaFest.

    • I’ve been invited to a few of them Steven, but most of the time while in Australia I decline. It’s a long way to go and as much as I like traveling, I’m not a big fan of long flights for only one reason.

      Maybe if something in Europe comes up in October or November I will make it as I’m coming through on my way back to Oz.

      • I was hoping to see you at IzeaFest as well, but figured with you living on the bottom of the planet, you might not have wanted to spend all that travel time. Flying has become such a chore, even for short flights.

  • First of all, Ian, I feel you. And I think your description of Yaro being at the edge of a logarithmic jump was brilliant.

    I’ll be brave, too.

    I just started my blog and designed my partner’s blog over the past couple of weeks. I have lots of ideas and the education available has been fabulous, but my constraints are as follows:

    1) A full time job. Everyone who has one knows how much physical and mental space that takes up.

    2) My partner was laid off Monday, for the second time this year. We NEED that income. So. Stress. Financial, emotional, and the need to provide emotional support to another.

    My company is faltering, as well – I don’t know if I will have a job next month, or the month after that, or by 2009. It’s amazing the mental and creative space that financial stress takes up, and it makes you want to hurry, hurry, HURRY instead of being methodical. Getting foreclosed could be very distracting. Yes, I’m in the U.S. I’m working toward my freedom, but my wings are still wet and the nest is crumbling beneath me.

    3) Self-doubt. What I really love is marketing. I specialized in marketing in my degree program, and have studied sales and marketing throughout my career – yet it is such a competitive field. Yep. Self-doubt. Causes analysis paralysis.

    4) Cash constraints – see item #2.

    I’m in the content-building stage, and I need to find that first sub-$50 affiliate product to cut my teeth on.

    Despite the layoff, I’m still going to find a way to pay for and complete my final four months of Blog Mastermind!

  • Great to see a great blog like yours. I like what you say and it is amazing how many people are struggling to get their businesses on the go. Thanks for great content!

  • Yaro!!!
    This is exactly my problem at the moment and you have given me so much to think about. I am just in the process of creating my first front end product but I have no idea yet what to do for the back end because I feel like I don’t have enough skills to create a back end product.
    However, I will keep pondering and keep working on it. Because all I need to make to work full time online is $30,000/year which is not a lot but that covers all my expenses. So if I can sell 30 backend products each year for $1,000 then I will be laughing
    Ryan

  • Great info Yaro, thank you, it reminded me of Dr. Goldratt’s Theory of Constraints.

    I think our biggest constraint is converting traffic to conversions as customers need to send in a physically signed form.

    Often people forget or don’t bother when they are no longer in that frame of mind. Any suggestions to overcome this?

    Thanks

    David

  • I really like your articles, they are simple and do help to get you thinking the right way.

    I also agree with the what you discuss in this article. A lot of it translates well to life in general. I think the majority of us get into a mind set of “its to hard” or “I’m not unique enough”.

    If you write about what you like, and enjoy the process the rest is a bonus.

  • Great article! I think that traffic is #1 in driving sales and seach engine optimization is key as well. The step by step has been very helpful and will be a great incentive for launching my own intenet business model.

    Thanks for all the awesome advice! Having the step by step approach is very helpful.

    Sarah Smith

  • I definitely identify with what you have to say in this article Yaro. I’ve been in internet marketing since January and have been able to maintain a consistent level of income since around May. I too have sooo many ideas that can work.

    My main problem that has been holding me back is spreading myself too thin with what I’m doing right now. I have a full time job that seems more than full time, and what I do online is pretty much part time. It’s great that I’m able to make money part time, but there’s so much more that can be done.

    I too have a few products and websites that are all partially developed. I think it’s better to focus on one and building it so that it has what it needs, and then add on one at a time.

    Thanks for the article. Gives me more to think about.

  • Hi Yarro,
    Thanks for a great article, and thanks for your own honesty, I can resonate with a lot of your issues myself.

    I have specialised in using Facebook as a marketing tool, having spent up to 8 hours a day on it for several months I am considered by many of my friends as an expert. I initially built up my blog on a blogger platform and was getting good traffic and building my reputation. Only later did I realise that while my alexa rank had risen to under 300,000 I wasn’t benefiting from this at all. I have since switched to wordpress and have gone through a whole new learning curve.

    I have been creating my own front end product for several months now, a facebook advanced strategies guide, most of it is finished I am just stuck on the presentation and repurposing the content, I want to create powerpoints and mp3’s to include in the package.

    My main constraint is finding the time to just buckle down and get everything finished. I spend most of my time writing new articles and maintaining my current connections.

    I have built up a small list of optins from my blog and from the first two chapters of my book that I have been giving away for free. I haven’t spent the time to create an automated followup sequence on my autoresponder so many of these prospects might now be a lot colder than they were when they first signed up.

    I spend a lot of my time developing relatiosnhips and helping people in my online communities, while this is important it means I am not focussing on the areas that are going to bring the most profit.

    I have some very good connections and solid relationships with some great marketers who have agreed to help promote me. I just need to get everything finished so I can really take advantage of all the potential I am not fully utilising.

    Thanks again for sharing, I love Rich’s work, I am in the middle of writing my own analysis of his latest report.

    Ian David Chapman

  • Rod

    First of all, thanks for the concise and clear overview of the whole process and philosophy of internet marketing. As you drift around various blogs, you see people promoting this or that product, and hear that they’re coining it, so jump to the conclusion that all you have to do to make millions is promote a few affiliate products here and there, join up with some advertising networks, then sit back and wait for the cash to roll in. As you’ve shown here, there’s a lot more strategy behind the scenes.

    Constraints? Well, for me that’s easy – just got started, so traffic, content and time. I know what I have to do for the next x number of months – no difficult decisions to make really, just get down and do the graft. As you get further down the road though, I think one faces more difficult, strategic decisions like the ones you’ve mentioned, and if you’re not careful all the conflicting demands can keep you more or less standing still.

  • people are sporadic workers at best
    That’s my problem in a nutshell … I have terrible trouble focusing, and I find it hard not to turn aside to look at a different “bright, shiny thing” over on another screen … and that’s it, the moment is lost.

  • This can best be described as a quality crash-course. The whole information can be digested in less than 10minutes, but it will take years to exhaust the principles outlined.

    Man, you’re getting better. Keep up the good work.

  • I’d have to say I suffer from most of the constraints listed also. Full time job and family take a lot of time, also the full time job is a little shaky so there’s that whole stress like a previous comment mentioned.
    All that being said I’m still moving forward with some online ventures. Need to develop/find some sort of product to offer and of course build some content in the hopes of finding some of that elusive traffic.

  • You are so true. There are a lot of details involved in just driving traffic. And that can be very discouraging if people are in the wrong mindset from the start.

  • I have a nice little business going and my blog simply supports it.

  • Heck of an article. You shined a light on a lot of details that usually go noticed until after you start the business.

  • Haha, wow. Great article, seriously. It’s for stuff like this I keep coming back.

    My biggest problem, by far, is my project ADD. It is very hard for me to focus on a project for very long before I lose attention and want to launch another.

    Great article, like usual. :)

  • Dear Yaro Starak,

    I know you a lot, I have read and heard your creations, but this is the first time I am communicating from my side in a significant manner.

    Giving away a free product, selling a front end and then a high profit back end is the path of a sale of an information product. You may have adopted this from Eben Pagan’s ‘moving the free line’ concept, but I am not sure.

    Rich already talked about constraints in his audio conference with Internet gurus (including you) and it is good that you brushed up that concept again a little bit.

    My Constraint:

    I can’t focus on one project. While I am working on one, a ‘BIG idea’ pops up into my mind and I start registering a domain and hosting a website for it, work on it for 2-3 days and leave it (abandon!). I have registered nearly 50 – 60 domains for such great ideas and all the money and if it had been put into one main project, I would have been making thousands per month with little or no work.

    I need to clean the clutter for clarity and focus. I guess many IMers need to do this.

    Success,
    Deepak

  • WOW! Yaro this is another great blog post, Really valuable stuff thanks I appreciate you big time.

    Thanks’
    Albert

  • Lovely stuff Yaro as always you have nailed it right on the head. Am already member of your mastermind program and you are doing great :)

  • Yep – I’m a brave one too. First and foremost it’s “write, write, write” and then it’s “traffic, traffic, traffic”. I think my biggest constraint is impatience. I too have day job that seems to want my time. I’m staying focus, listening to the blog mastermind daily, have outsourced some of the technical work, and am writing content almost as fast I can. I believe it will come together, but I’m impatient and want it NOW. That gets in my way because it gives the little negative voice living inside my head the opportunity to tell me it’s not working.

    My strategy – make Yaro’s voice louder than the little negative one in my head. Thanks for keeping it so real….

  • Thank you again, Yaro.

    It seems you are always a day ahead of my production.

    This very topic is
    to be discussed this evening Thursday, September 18 on the Beginners Marketing Class Talk Show.

    I hope our presentation will be as eloquent.

    I have evolved to a simple 3 Major Accomplishment Day over the past 50 years in business. And I have developed and represented consumable products, that do not necessitate the constant re-invention of something new.

    And since we have always emphasized relationship marketing, it is comfortable to have client back for 4 plus decades.

    Of course, our modest Life Style does not require Large Volume.

    I honor your intelligence and skills at communication and am referring you often. You should be a primary resource, FIRST, for anyone desiring the formation of a REAL business.

  • Yaro – great stuff! This is a very simple 3-part process for building a successful business online indeed.

    I think you’re right that traffic is very important. But it seems the biggest problem aspiring web marketers have lies mostly in step two. The real key, after all, is to have something of VALUE to exchange for money.

    From there, the build towards the back end is a no-brainer!

    -Jason Clegg

  • Yaro,

    Great read, but I feel as though much of your audience probably has yet to launch their new online business. With that being said – the first thing to consider is ACTION. Stop the procrastination and act on your ambitions. From there, Rich’s book would come in handy.

    Sparky

  • Thanks, Yaro, for another informative article.

    I’m just starting my blog, and will eventually offer products and services (primarily coaching), so my main focus so far has been to get regular posts out there and build up the trust relationship with my readers.

    That said, my constraints are these:

    1 – Like everyone else, traffic.
    2 – I have the family, the mortgage, and a well paying, demanding, high responsibility corporate job.
    3 – Financial. Even though I have a job that pays well raising a family is expensive, and funds for the business are tight to non-existent.
    4 – Confidence. While I’m confident in my ability to write, I’m less confident in my marketing abilities, so I’m reluctant to jump into PPC advertising. I’m mainly focusing on search engine traffic by building content. Plus, I have no money to lose on unsuccessful PPC campaigns.

    I really appreciate all that you do for the blogging community. Keep up the good work!

  • Yaro,

    Great Article. Your list of constraints hits too close to home, especially number 1. I have several ideas in my head for a product, but just can’t seem to get over that initial hump of getting them finished and ready for sale.

    I hope to learn more about how to get there soon.

    Jim

  • Hello Yaro:

    I appreciated your article. You put things so well!

    I have been at this IM ‘game’ for about 2 years now & still consider myself novice to intermediate level….I have made some $ thru selling affiliate products & yet nothing consistently of great amount.

    What holds me back(2main things)

    1) Impatience & dislike with all the techy stuff from PP, to SEO,,To Auto Responders etc,,,etc,,,THIS STUFF DRIVES ME CRAZY!!!!!!

    2) I have an outline in my mind(& yes even in a notebook) about a dream business I am passionate about that I would like to ‘build’ & yet I am UNCLEAR about many things about it,,,,it is as if I am still in a ‘fogbank’ & do not clearly see the PICTURE yet,,,,As my Grandad use to say “Aim for Nothing Specific & that is what you will Hit”….

    So I struggle on………

    Thanks for asking

    Matt Geib

  • Talk about a fantastic article. This will definitely be saved. Thanks again, Yaro. I’m reading this one again tomorrow.

  • Ang Jimenez

    Thanks Yaro, you do not know what your words that are liberating to know that I am not the only one who was caught in a tangle of strings and thanks for the way he describes the way out of the bonds.

  • I would have to say my biggest constraint is that darn front end sale. In my current situation I have a full time job, over $15,000 of credit card debt, over $50,000 long term debt and a family to support on a $30,000 yearly salary.

    This means I have absolutely no money to invest in Adwords or other PPC campaigns. I also can’t afford to outsource any of the work in my Internet business. I surely can’t afford to join about coaching programs or purchase any study materials.

    My hopes to get this deal of the ground is to make four or five front end sales so I can get enough money to purchase a good autoresponder program so I can start building a list.

    As far as traffic goes I am getting between 20 to 40 unique visitors a day from search engines on a term that all my traffic estimates indicate is only getting around 100 searches a day.

    While I’m obviously new to this game, capturing 20-40% of available traffic seems like a good accomplishment. Now I just need to find a front end affiliate product that actually converts (the one I am offering now has been shown to 672 unique visitors, 78 click through to the offer page (11% CTR) and 0 bought.)

    My long term goal is to build a full time business and escape the debt let alone the full time job.

  • Some of my challenges over the past year have been:

    1. Unemployment for part of 2007
    2. Not fully knowing what my niche is
    3. Not having a good understanding about starting a web based business. I was under the impression I needed thousands of dollars to have a website!
    4. Not being familiar with Web2.0, social networking, and how to drive traffic to my website and blog.

  • Yaro, I think you are one of the few *honest* marketers I have come across. Usually, they promise you instant riches with little or no effort – if you pay them a hefty sum of $$ to learn about their “secret”!
    Like “How to get instant free traffic from Google in 24 hours” and so on…

    One of my problems is I have been gullible enough to fall for some of this, and wasted my time, money and energy on things that did NOT work out.

    I have other problems also, besides being gullible – like being allergic to hard work, unless it is something I really enjoy doing.

    Your Blog Mastermind course is excellent. The only thing I’d like to add is some more content on getting inbound links. But that you can get from James Martell, by signing up for his Backlinks Workshop.

  • 1. Time: The first thing that comes to mind in terms of constraints is time. Having so many projects and ideas of projects and not having time to do everything I want to do on all of them.

    2. Priorities: The next is priorities – sometimes I wonder what I should do with my time. I have 8 hours to be online – what should I spend those 8 hour on? This project or that one?

    And when a new eBook or idea falls in my lap, is it okay to stop what I am doing and go look into it? Or should I just go peddle-to-the-metal on this one project I am working on, and damn the torpedoes? Or I think “this project is earning some money, I should push it further” but in the back of my head there is always a nagging “what if that other project would be making more money right now …”

    3. Discipline: When I do have some of #2 and I have a pretty good idea of #2, I have to use #3 to stick to #2.

    There you go – those are my roadblocks! But at least I still do get stuff done.

    • I can understand your feelings, probably best to have a goal with the project you’re working on, and if you cannot acheive that goal, or you REALLY see a better opportunity, ok. But…many of us creative types see another opportunity as a better one, and maybe it’s more comfortable, or sounds more exciting to start something new, as opposed to the more boring part of continuing the same program that might be just around the corner from paying dividends??

  • Great article! After spending several hours the past 2 days listening to Rich and reading his book, I’ve had to take a step back to really analyze what my constraints are.

    I think that your #2 on the List (Maintenance of current systems) is one of my biggest. It almost feels like you’ve taken so much time and energy to get through those first products and first websites that you want to continue to maintain them.

    I don’t feel as if I’ve gotten to the point where any of my systems are running on complete autopilot and can be maintained without continued efforts on my part…therefore I never find the time to move on to the next “big idea”.

    I’m doing a lot of “mental reorganizing” to determine what I need to do to eliminate just this one constraint (then I’ll move onto the next one and the next one…LOL).

    Thanks for the insight,
    Jane
    http://yournichetemplates.com/adsense

  • Hi Yaro,
    As one of your past Blog Mastermind students, I can say that the first constraint is this: Overwhelm. Applying all the information is a huge challenge. That said, I have made huge strides, and am now producing my first information product for this website. Because I am a professional writer and a published author, I am able to see that people need help with their content. I’ve worked with this long enough to consider myself a content “expert,” and my course, a digital download called “The Writer in the Blog,” helps people focus on their writing and bringing their core passion forward. I think once that’s clear, it is easier to remain motivated to do the tech stuff. So. To sum it up, the constraint of overwhelm happens during the process of trying to do ALL the things necessary, and keep up with them, while being in a huge learning curve at the same time. But it’s TOTALLY worth it! Thanks to you, Brian Clark, Sean D’Souza, Darren Rowse, and several others who keep coming back to share, many more of us will find that we have accomplished our goals.
    Thanks again,
    Suzanna Stinnett / Great Adaptations

  • My Constraint is the same as Deepak’s comments above….

    I too have trouble focusing on one project. Too many ideas, too many websites and not enough time!

  • Nice article. My constraint is a full time job, being married and a little sweet daughter. Sometime I feel bad of not spending enough time with my sweet daughter. And you can not work with her being around. Well, I still spend 2-3 hrs everyday and try to keep my blog fresh, but then I struggle with my sleep :)

  • Patty

    So much to think about is what holds me back, and you most certainly give me that. I’ve been reading a lot from you these past couple weeks and will be taking your course soon.
    I have only pinched the millions of blogs to read and what brings me back is content, both in style and the information. Blog content is worth the time for everybody who is serious. I’m new at IM’ing and understand that there is a lot to learn continuously.
    I’m smart and my strength and downfall is that I’m a perfectionist. When I get it right, I’m an awesome force. In the next couple days I’ll have my site up, I’ve been blogging at a couple of free places, and now realize I want this for real.
    Being a perfect perfectionist, I have to control procrastination with excuses, like I’m reading. learning and thinking, and not doing/implementing.I need to control a downfall before it happens.
    Here’s to looking forward to doing. Thank you for such great content throughout.

  • NIce post Yaro.

    It is my belief that all things are simpler than what we think. IM has been made so complex by hype, jargon and intimidating gurus.

    The actual process as outlined by you is quite simple.

    Traffic and sales are basic without which no technology or software can move you forward.

    More you concentrate on these things, better strategy you would be developing

  • Yaro,
    Phenomenal post. And thank you for being so open about your constraints and serving as an example. No one can ever be a perfect Internet Marketer. Finding success online takes lots of hard work, dedication and the willingness to learn and grow. I’m and doing lots of that. :-)

    Many of us get so wrapped up in the details that we overwhelm ourselves instead of taking things step by step and celebrating our successes along the way.

    I know at times I can be too hard on myself – but then I realize – hey I have so much to be grateful for. I have come a VERY long way and I am doing fantastic.

    Until this weekend I realized I was holding myself back because I was trying to “force” success instead of realizing it’s been an AWESOME journey and I really am grateful for how far I’ve come.

    I could use help with 1, 2 and 3 :-) I’m presently working on my front end product -very excited about that.

    I appreciate you, Yaro!
    Dali Burgado

  • My biggest contraint is time, but at least that is something I can deal with. With
    a traditional (brick and mortar) business money would be the main factor holding me back. Running a online business is a huge time suck for me, there is always so much to do and everthing seems to take longer than I expect. I have to be carefull that I don’t get distracted, and put my time to maximum use. Plus getting traffic through the search engines takes alot of time and work. TRAFFIC is absolutely critical if you expect to succeed online. You could go with pay per click to get instant traffic, but as you said it is very unforgiving; You need to really leverage paid traffic by selling a product to cover your cost and build a list at the same time.

  • Thanks Yaro,

    The 3 step process makes sense and I will learn to follow it in time to the very letter.

    What holds me back? Lack of ability because I am very new to internet marketing, just began in July. I have been working this very slowly part-time. Your blogging course has opened my eyes to a world of opportunity, but applying the lessons takes some skill, which I have been learning from you.

    I was looking at the list that you made in this article and I would have to say that I fall in each category a little bit and some more than the others with the exception of the mortgage, which I do not have.

    I do have a question. What do you mean by “ingrained self-defeating belief systems”?

    I enjoyed this article, just like all the articles and newsletters you write.

    Thanks again!

  • Henry

    Hi Yaro,

    Thank you for taking out time to simplify what now looks like a complex subject today.

    I also want to thank you for the reminder you sent out that made me listen to Rich yesterday.

    You are the man keep doing what you are doing.

  • That is a truly superb post. It is inspiring, and I’ll add one important reason why most people are not doing it…lack of commitment.

    • Great post, as always, and would agree with many of the other comments here. As a student of BM the issue is, yet again, to prioritise tasks as there’s been a lot to take on board. However, I can see results now but it does take the commitment as Eva says and time , priority and discipline – as Anna so accurately comments above.

      So all I would like to ,is that for new folks to be absolutely sure they are really wanting to get into this – as it takes time. If you are stressed in another job then I am sure you will have to dig very deep to make it all happen and to stand a good chance.

      However what I can add as a non techie, is that it took me much longer and load more cash to build a regular site that now has less traffic than my new blog site. However much of what I’m learning can be applied to my main site so I cannot overestimate the benefit of equipping yourself with the knowledge that is here and on the course.

  • Yeah I’m BRAVE too. Let me share my constraints:

    1. New to the blogging game – thus need to get my feet wet fast.
    2. Only 3 posts so far – thus need to get down on more content (I have tons in my head already!)
    3. Shy – Coz my blog is kind of a little controversial, i think, I’m a little shy to start promoting it to my warm market 1st (i.e. my family, close friends, or anyone who knows me by face, for that matter!) – thus need to get cracking on the SEO way i guess.

    Alright, my new blog is called “My BREASTS, My Business!!” (lol).
    The link is http://www.confessionsofabreastfeedingmama.blogspot.com/

    Some of you will definitely find it amusing, while some i suppose may think it strange probably. Whatever. Just check it out now ya, Thank You!
    http://www.confessionsofabreastfeedingmama.blogspot.com/
    My BREASTS, My Business!!

    • Well done, Mona!:)
      Very creative tagline – it caught my atention instantly! :)

      Yes – that’s what I mean by taking baby steps in creating a great blog
      – start with a topic that you are passionate about, build content – at a pace that you’re comfortable with

      Next, explore with all the exciting online tools to make your blog more interactive ;)
      – and voila! – you’ll soon have your own fan-base.

  • I gotta agree, that first sale it the absolute most vital step to get your online business kicked off.

    It is a lot harder than it sounds in these posts thought, I can tell you

    Another important point is to then stay motivated. I had started out before and made my first sale and multiple sales after that, but then lost motivation and have to start from scratch again – it is a lot easier if you keep at it

  • TC

    Great Post Yaro,

    The concept of making money is so easy just like you said. But when applying the concept is far more difficult then we thought.

    I have been running a blog for over half year already, but till now i still haven’t make any money. The main reason is at the traffic. I think most of the internet marketer face this problem too. Just like you said, many people stop at this point.

    I don’t want to give up, but i just can’t find a right way to do it. Something i just losing my motivation to moving on. But no matter what it takes, I will not give up so easily.

    Thanks again.

  • Great points reveals…

    Most of all blogger are lack of commitment, especially about traffic, anyway do you know why same niche and same technique can be different result of traffic ?

  • This is definitely a great read, and something I have noticed as well. No matter who I am learning about, these three steps are critical. I think a lot of people get hung up on step 2 and never move to step 3 so they feel like they aren’t making much progress. Like you said, you won’t get rich off of a $27 dollar ebook. Sure, you’ll make some money, but you want to build long term customers and to do that you need to have a proper funnel in place.

    My constraints are probably each one of the steps. I get scatterbrained so I’m always trying to purge distractions and focus. Also, focusing on one project until completion, or one site, one product, things like this hold me back. I’ve been changing a lot of that lately, but I continue to realize that a bunch of “projects in the works” is not as good or beneficial as one that’s completed.

    Great stuff as usual Yaro

  • Yaro, another informative and inspiring post. There are many things that hold each of us back, and you’ve listed some personal constraints that many of us have in common. One important one that holds me back is “relationships”. For me, it is taking time to build the confidence to reach out and establish relationships to grow the network. As I cover the other bases, though, I can see that this next step will become less painful to make.

  • […] Great post by Yaro explaining the 3 easy steps to start an Internet business. […]

  • How relevant! People don’t make progress not because of lack of opportunities. It is a lack of consistent effort and willingness to do whatever it takes to succeed.

  • Yaro,

    Things that constraint me in my online business journey:

    – My ailing real world business (darn recession!)
    – My limited time to work on my online business
    – My lack of effort to do social networking to the max
    – My trial and errors

    Hopefully, I can resolve them more sooner than later :P

    Cheers!

  • Wow! Its all right there! Do you need a little brother to follow you around and watch what you do?

  • Thanks Yaro, I start believing in it!

    the greatest challenge for me is to manage family, kid, full time job and blogging hobby at the same time…

  • Thanks for the insight…I’m new to blogging and I would agree with everyone else, that getting traffic is the most challenging. I just learned that my site needed to be indexed by Google, in order to be recognized on tne web. So, that took me a day to figure out how to do all of that…lol. Again, great tips!
    -Blush

  • I think what’s holding me back is:

    1. Finding the appropriate affiliate product to sell
    2. Finishing my first ebook and putting it on clickbank
    3. working on building a continuity program
    4. Having made the mistake to have spent 1 year (first year) building my business on revenues from ads (aka traffic) instead of finding affiliate products and working on putting out my own content.

    This was a really great feature Yaro!

    Miss Gisele B.

  • As everyone said, great article (as always).

    Here are the things that are currently holding me back:

    1) A full time job that exhausts me by the end of the day.
    – I work at least 8-12 hours on a computer at working with excel sheets so you understand how sick i get looking at computers when i get home.

    2) Information overload/Wrong kind of information
    – I have been going through hundreds of blogs for the past year researching and it gets confusing when everything goes in different directions.

    3) Too much planning/too little execution
    – I’m still in the planning stage but i have decided it’s time to execute or will be needing a mentor to give me some direction. At least a mentor could point me in the right direction through his knowledge and experience as I am currently wandering all over the place.

    Right now, i started to put things in order and hopefully by a month or two things will start going somewhere (hopefully not down).

    Anyway, look forward to your next articles!

    • Try reading the four hour work week by Tim Ferris and find ways to get time back. I am in the computer consulting business and I feel your pain. I often work 50-60 hours or more per week. I am making changes that will reduce that by at least half. Without time you have no ability to invest in your dreams.

  • Ken

    I want to pay the $97/month and I watched your videos which said you take PayPal. Is there a way to pay for this through PayPal?

    • Hi Ken – send an email to supportATblogmastermind.com and I can help you with a PayPal option.

      At the moment we have to do them manually because my shopping cart doesn’t work with recurring PayPal orders.

  • My biggest constraint is lack of strategy. Because I am just starting out I’m not exactly sure of what direction to head. I’ve taken the first steps but what if I change direction? Is that a good thing or should I just forge ahead regardless…..

  • lif

    I’m sorry I’m not with the program, but it appears that what is being advised is selling air, i.e. there really is nothing being sold but a lure for the customer who hopes to eventually get something useful. The “business” is getting the customer to keep paying for yet another lure, rather than for an actual useful thing.

    I would love to be proven wrong, but I haven’t yet experienced anything else with these internet businesses. I guess what this really means is that there is no end to suckers who will pay for hope. (And I’m one of the suckers).

  • ts

    thanks yaro..reading ur blog posts never fail to reinspire me again, and made me ponder on my own way of managing my online biz.
    i guess the main constraint is putting off things i’m to familiar with instead of trying to get familiar and start implementing it. for example, i have signed up for getresponse acc in june, but up til now still hv yet to setup my 1st campaign..coz i always get stuck halfway..and just dont follow n try again.
    another is feeling tired after coming home from full time work, there’s just not much energy and concentration left to do my online biz at nite.
    but anyhow..these excuses shld not be used to hinder me from excelling ;)
    sometimes its just procrastination in us all tt hinders all of us from being successful.

    -ts-
    http://thriftsolutions.blogspot.com

  • Hey man, great post and wise words as usual. My main constraint is that I’ve got a LOT of ideas and I’m too LAZY to implement them 1 by 1, so mangle them all at the same time and therefore get NOTHING done efficiently. Let’s hope I get over that soon :-).

  • Thank you for the great article. I think that this topic is in-line with my goals as I am seeking the freedom of web marketing, ad revenue and product revenue. I have started officeliveteam.com and plan to add articles and how-to guides as a potential product.

    I read the four hour work week by Tim Ferris. He identifies free time as a key element and suggests that you break free from your time sucking activities. Random surfing, email, endless and useless meetings.

    I am nearing the end of “The Answer” by John Assaraf and Murray Smith which is a great book for anyone looking to start any business. This book really helped me create focus, identify my goals and create a vision. Additionally, it helps you to eliminate the fear and doubt that many of us face.

    So, I have set the vision but I am still looking for creative was to stretch my time. My first order of business is to move from full time to part time in my current position and create the free time required to begin building my online business.

    Regards – Robert.

    • I’m not sure that I buy everything Tim Ferris says, but that section really spoke to me. I’m able to throw away hour after hour with stuff that keeps me busy … but not productive.

      • Mario,

        You and I are on the same page there. I think Tim Ferris is one of those SUPER high energy people with some unique personal attributes. However, he is absolutely correct about the issues we all face in the absence of time. One thing doesn’t mention is the ridiculous amount of time, we all spent on the freeways and highways.

        Regards,

        Robert.

  • Lots of great information here, thanks! I know there are a lot of sources of information on the Internet for starting an online business, but few cover them in as in depth a manner as this one. I haven’t even gotten through all the tips yet. I’m definitely bookmarking this one!

  • Most people fail because they are too lazy. There are plenty of ways to get traffic, especially targeted traffic, and most people are too lazy to put in the work to get it.

    Another reason people fail is that they don’t like to spend money. You HAVE to spend money in order to make money. Most people are unwilling to do this.

  • In response to your How to Start an Internet Busienss in Three Easy Steps; my constraints are 1) The shopping cart. I haven’t added it and I fear that if I do? Then what…my product is “plants” and dpeending on when an order is placed I would actually have to ship the product and deal with customers…which is what I thought I wanted at some point? 2). I do hold a day job and it sucks up 10 hours a day if you count the commute. 2 hours on the commute I listen to pod casts but not able to do real work so I guess that is the whole problem with travel. I realize I could hire someone but I lack an idea of what someone would charge, fearing it would be the equivalent of hiring an attorney?

    3). I could go on but yea my limits have been self limiting. I really feel that we are all doing exactly what we should be doing and can realisticly only handle so much at a time. So try to keep doing what you are doing, keep motivated, find inspiration where you can, get your exercise, drink your water, enjoy some tea and smile.

    I found your article EXTREMELY timely and inspirational. Thank you.

  • This is all great information. It is going to take me a while to process it. It seems that most people are having issues when trying to create a start-up internet business while still trying to work full time. That seems like the biggest hurdle.

  • Paula – that is my situation: working full-time and starting a business. Its only going to get worse during the holiday season!

  • Its taken me longer to read the comments than the article.
    I also have a lot of half baked ideas floating in my head. Am wondering how to get them to work.:)

    • I find that as well – it’s so time consuming
      But the articles are usually very long anyway so I get 2 good reads :)

  • Yaro,

    You’re spot on! Traffic and upsells/backend are key to sales and profit.

    I am just starting out again.
    I would say my most pressing constraint is money. Having been retired from the U.S. Army in 1991 at 30% disability, and now at 60%, I have had problems having the money to keep things running, pay for PPC advertising, products, or any kind of promotion for the 8 years that I have been trying to make it online.

    I had a music blog, which I had monetized, and it was showing up in search results, and I had incorporated a couple of my affiliate programs. The one thing I know I did wrong for sure, was importing all this content from other blogs into mine because I was desperate for content; now I realize that all I did was supply duplicate content, which is a cardinal sin in blogging.

    To one of the posts above; it does take time to incorporate adsense into your blog and see results because the revenue per click is usually minimal, so try incorporating your affiliate programs or other products you want to sell into your blog post, articles, free reports, re-written PLR articles with your links in it, just make sure it matches the topic of your blog. I am by no means an expert, but there definitely a step by step process to earning money online, and a blog IS the easiest way to drive traffic and create an online income

    Great article Yaro, I will definitely be keeping up with your posts!

    Thanks much,
    Drew

  • Great article, Yaro.

    I think one of the biggest places people get hung up in the information-product model is they don’t know what kind of products to create. They don’t have any obvious expertise they can exploit, or they’re not sure they want to turn their expertise (often their passion) into a for-profit enterprise.

    I like the magazine model myself, since I don’t have to sell anything. ;) Personally I think it’s easier to make money from ad revenue than from affiliate programs or selling your own product, but that’s probably just because I make a living doing the former and haven’t figured out a product I’d like to create yet. ;) With the magazine model, it’s also pretty easy to scale up and remove yourself from the daily grind by hiring writers (when you get to the point where you’re making enough to justify it).

    I suppose it’s just a matter of which route appeals to each person.

    Good luck, all!

  • Hi Yaro & Friends,

    Phenomenal article. I am brave, so here are my current constraints:

    1. More creative than focused. I read many other bloggers’ comments that, like me, they have multiple projects, multiple ideas and low or no execution and follow through. A recipe for going nowhere fast is high creativity and no execution/follow through.

    2. Not always wiling to delegate. My control issues come up. I’m working on it because the time I spend figuring out how to do something technical cost me time and energy that would be much better spent writing great content for my blogs. I know I’ll become exponentially more wealthy online as I delegate and surrender control.

    3. Tried so many things before, now I’m a little gun shy. I’ve been to tons of conferences, workshops, trainings, (etc.) and each time I leave, I swear I’m going to do so many things, but…well, they just don’t get done. So now, I’m a little gun shy about buying another product, or attending another event because there’s so much I’ve already learned that I still haven’t implemented yet.

    4. Information overload. There are so many options on what to choose, and I’m a Libra, (yeah, this is an excuse, but I’m going with it anyway) and Libra’s have a hard time making a choice. If I have more than 4 options, my brain freezes.

    So those are the most pressing constraints for me. The good news is I’m committed, focused, disciplined and persistent, so I know I will work through all these challenges in short order.

    Much success to you all and THANK YOU Yaro for the AWESOME Blog Mastermind Coaching Program!!!!

    Live richly,
    Valerie Love

  • […] towards profitability… [these frustrations were again attested to by the comments posted at How To Start an Internet Business – by one of my fav OZ online bloggers – Yaro Starak of Entrepreneur’s […]

  • Found your site by way of Profit Lance. I’ve written several blog entries but they seem to still be missing something.
    My biggest constraints are:
    1. Full time job
    2. Husband that needs to feel loved
    3. Grandchildren that visit and demand attention
    4. Finances – for advertising (PPC scares the heck out of me)
    5. Writing-just can’t seem to write to my satisfaction
    Your blog re enforced what I already know, I need to continue learning the skills I need to promote my affiliate businesses. Boy, this studying is hard work after an 8 hour job. I refuse to give up.
    Thank you for a well written blog.

  • I guess my biggest constraint is too much distraction, thus lack of concentration.

  • […] wrote an outstanding post yesterday entitled How To Start An Internet Business in 3 Easy Steps and unlike many blog posts I was captivated enough to read the whole post! It’s not the usual […]

  • There are several things holding me back from offering my blog the time it needs to grow massively, but I think if I can continue to squeeze everything in, in the time I have I will one day achieve something from my blog.

    The main restraints are:

    Full Time Job
    Relationship
    Social Life
    Other Projects

    Saying that I have created my first ebook which I will be giving away on my blog soon enough, so that should be another step towards my goals.

  • Hiii Yaro…
    You are always providing good information.
    N your tips always works.
    But my question is how much does the blog helps in increasing the business..??? Its the only blog that brings the traffic to the site..

  • Hi Yarok,

    I am new to blog, everyone hope to earn an income by blogging, me either. But I hope my articles inside my blog will bring some enlightenment and joyment to my readers.

    Cross finger that I will be as successful as you.

  • Hi Yaro.

    I cannot begin to tell you how incredibly helpful your website is and the information you provide. One of the best web sites I’ve EVER visited.

    As far as my constraints, many have been covered here, and in your article above, and they are:

    – writing credibly (being believable and showing you know what you’re talking about
    – determining how long the pre-launch should last
    – previous failed ventures (many!), affecting my psyche
    – extremely strapped financially

    Even without joining the Mastermind program, I’ve started my blog and slowly but surely am adding more and more content. I hope to refine the process, and I hope to join the Mastermind program soon to fine-tune my processes.

    I’m sure there more constraints, but I’d rather concentrate on the possibilities, and be very excited about the prospect of eventually profiting from something I already love to talk about (and how sweet is that!).

    Success to you all!

  • Great article, Yaro. I’m new to your blog, and I’m glad I found it. As someone who is in the process of monetizing his blogs and creating a successful Internet business, I can say that this article hit it right on. Your observations and suggestions are helping me learn how to A) create a site that is useful to my readers, and B) drive more traffic which will result in more subscribers and sales.

    Thanks again. I look forward to catching up on your blog archives.

  • Yaro,

    That was a fantastic post. I love your transparency about your own level of success and have no doubt that you will eventually reach the top.

    For me, to this point, traffic has been the main issue so I continue to plug away using a variety of traffic generating strategies.

    My mindset about this business is that it’s too good to quit so I just focus everyday on taking positive action in my business with the belief that the pieces will eventually all fall into place.

    Thanks for a wonderful blog,
    Chris
    http://www.christineimamshah.com

  • benedic dumlao

    honestly, i really like your article Yaro..I’m new to your blog, and I’m glad I found it. As someone who is in the process of monetizing his blogs and creating a successful Internet business, I can say that this article hit it right on. Your observations and suggestions are helping me learn how to A) create a site that is useful to my readers, and B) drive more traffic which will result in more subscribers and sales.

    Thanks again. I look forward to catching up on your blog archives.

  • “people are sporadic workers at best”
    Guilty as charged!!!
    I’ve always known this to be my problem, but overcoming it has been another challenge altogether!!

  • Time is probably my biggest constraint.
    Full time job, shift work, single income family, married with a baby. I work on the blog when everyone else is asleep.
    The upshot is that it forces me to be organized and focussed when I do get the chance to blog. It forces you to work fast and smart.

  • Man! This article nailed me right on the head Yaro! I also am my worse enemy. I have many idea’s, good ones too. In fact, I’m too busy coming up with idea’s to make any money. :)

    For example, the domain name… iTwitterToo.com is (IMHO) a great domain that I snatched up, started a blog on it, had some tech probs and then put it on the back burner.

    I’m so guilty!!!!!

    Thanks Yaro!

    Gary.

  • Greg

    I have never had my own internet business, and have really wanted to get started for the past year or so. There are so many online businesses advertised on the internet and tv but I never know if any of them are actually legit. I have a full time job in the medical industry but have flexible hours so I can devout time to starting an online business, but desperately need some hands on guidance. I have a great work ethic and am not looking for any get rich quick scheme. I am willing to put in the time.

    Any suggestions/advice greatly appreciated.

  • Search engine optimization sometimes happens quicker than we expect. I’d go with SEO unless your absolutely confident that people will sign up for your blog or newsletter via PPC.

    I know a site which has a list of different guitar sites on the sales page. Obviously, the cheaper one makes more sales. Nonetheless, the higher priced ones might be attractive to a loyal repeat customer. This site uses a blog to provide fresh free new content and the third party company provides a short newsletter with free guitar lessons.

  • Great advice Yaro, everyone I have shared this information with has been totally over the moon. Thanks.

  • Yeah, I agree. Adwords is very tough. It’s especially tough with today’s economy. Some niches have totally dried up. Advertisers are not placing any ads in some niches.

  • Yaro
    That was a great post. I love the three steps at the begining. I see that myself in so many businesses and I know that with my own business this proccess happening.

    But I also like how ytou put down the challenges that you have with your business and what things you can do to fix that. Leaves me a good outlook to what we all can do.

    Steve

  • Thanks for sharing Yaro.
    It’s awesome, no wonder you got a hell lot of blog reader.
    In my opinion, the hardest part of starting an online business is the first time building a website. Everything is easy after that.

  • Traffic is the life blood of internet business, without traffic your business don’t exist even if you have the best product or service in the world. Yaro is right that most people failed in step 1 which is to generate traffic.

    People give up too quickly before they even get started. People give up too quickly because they are not getting instant gratification. The idea is to stick with your marketing plan and keep at it until you generate constant traffic which lead to sale and so on. Start slow and focus on getting just one customer at a time.

  • That’s exactly right Yanik, I totally agree with that process. I probably couldn’t have said it any better myself!

  • Nice refreshing post Yaro. I love the step-by-step format you have presented it in. It’s great you have identified the drawbacks also, and how to overcome them. Thanks for sharing.

  • boca raton homes

    My greatest constraint is not falling into distractions. Being a home based entrepreneur is difficult especially if you don’t have your own room for work. You’ll be surrounded by distractions just like T.V. and if you don’t have proper mindset, then definitely you’ll fall into these distractions and might delay and even procrastinate your task. Sometimes, i fall into this but I’m trying my best to avoid it.

  • Hello.
    Would you please give my your opinion. I appreciate your time.
    I have looked at your site’s layout and the content of it and found it to be put together very nicely. I also clicked on a couple of ads while I was in there to see what type of products you offer and what they are about. I have done this because I am new to on-line marketing and web site building and I am trying to get a feel for building my site and what products I should offer. I would welcome and value your opinion if you would go to my site and give me a quick critique of it and let me know if the ad style and placement are good or not. I only have 2 sites and they are both less than 2 weeks old.
    I hope to hear back from you as to what you think of them. Your time is appreciated.

    Craig

  • Lovely

    Thank you for sharing, I’m just thinking of what online business i will start and reading some information to help me. Your article gave me an idea on how to manage whatever online business i will have. Thank you and looking for more informative articles from you…

    Your fan,
    lovely

  • System maintenance can take up the lion’s share of a site owner’s time. When this happens, site owners should consider hiring someone to do it for them. This allows them to focus on revenue generation.

  • This is a great post and the ideas are well thought out. One of the challenges for any business owner is to get out of their own way when the company starts to grow and sales start to increase. A topic not covered includes automating as much as you can. Yes, you can hire people or outsource some work. But, if you have software and automation tools that can help as well. If I have to be my own Internet Sales Boss, then I want everything in one place. You can buy individual tools or software that does one thing. Or you can get a total package and take care of everything at once. Once you get started and follow the advice in this post, automation will help you rev things up even more.

  • very cool article, there is so much to know that its almost a best approach to start with all the mistakes that are made and then move to a “how to approach” it is difficult to convey hours of instruction in a short article but I gained somethings while reading this. Thank You for putting it together, I recently launched my own “product” if you would like to use it for free let me know I would be interested in hearing your thoughts. (its a how to tutorial covering a whole bunch of “how to start an online business” topics. Thanks!

  • As far as gaining traffic to your website, social media marketing can be another major contributor to add to the list. Although it can fall under search engine optimization, the amount of traffic it generates for small businesses is growing at a rapid pace.

  • Of all the hindrances to starting an online business, one of the least recognised are self-defeating beliefs. Thanks Yarak, for pointing out how important the ‘mental stuff’ is!

  • Noemi

    I could not believe that this article is free to read. There are so many “Start your online business” articles that aren’t even helpful at all, but this one really answered my questions about opening an online business. I’ve been wanting to create an online business myself, but the “my-own-constraints” are the ones holding me back. I hope I could get a grip and make the right decision. Thanks Yaro for this article.

  • The hardest part of running an internet business is getting traffic and then converting that traffic. Before you even think about trying to make money you have to build up some good quality content on a particular topic. Once you have about 30 pages or so, some traffic will start to trickle in from the search engines and keep coming back for more if it’s good.

  • My biggest constraints before was money!

    When I was starting an online business, I need a lot of information, tools, and resources. Well, I think any business requires investment. It was holding me back at first. But I am just thankful that I did invested on something that is useful and rewarding.

    Thanks Yaro for this nice post.

  • Camille

    One BIG problem I have has to do with reading emails. I find myself spending an enormous amount of time reading and organizing my email. I am a bit of an information junkie, and I feel that I want to keep up with what’s new– I’m just so afraid that I’m going to miss something important. But, with the number of emails I get, it has become stressful and exhausting. I’ve also noticed recently that almost every marketer follows the same formula in their emails…. they say just enough to capture your interest, and then send you to a squeeze page to find out anything further. It wouldn’t be so bad if they just did this once to capture your name and email, but now days every email they send you has an opt-in page. If you do fill it out, then you are on yet another internet marketer”s list, and on and on it continues….to infinity! I am bombarded daily with so many emails that I can never keep up. But, the truth of the matter is that I HAVE learned a lot, and discovered some really good opportunities through reading my emails. At some point, though, I need to put the time into implementing what I’ve learned, and getting started with the opportunities…..or maybe I should say “AN” opportunity– that’s a problem too–CHOOSING just one to start with! I have to admit that I have yet to find a solution to this problem. I’d like to know if others can relate to this issue, and how they handle it.

    Help, I’m reading emails and I can’t stop!
    Camille Accardi

    • Hi Camille,

      I think you hit the nail on the head when you said you need to find time to implement what you are learning. That should be done first, before you read my emails.

      The good thing about implementing it will force you to work on the problem you face immediately. Then the only emails you should read are the ones that relate to solving that problem. Ignore the rest.

      Everything becomes simpler once you actually have a project up and running because all your focus switches to that. Take action and clarity will come.

      Yaro

  • A very useful article indeed Yaro! I think my biggest constraint is current inability to implement all the ideas I have. I’ve been listening to Robert Kiyosaki’s description of an entrepreneur of late and it’s occurred to me that I need to become more of a facilitator rather than a cog in the wheel.

    So I now plan to transform my business into one that relies a lot for it’s production and delivery of value on the efforts of other people. I’m starting to look at myself more as the guy who can put things together rather than the guy who actually does those things.

    And coming from a professional background, I must confess that is difficult because I want to be the guy that delivers the excellent service. But I guess part of my journey is to learn to trust others to do this and to focus on the bigger picture.

    Cheers

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