It’s very simple. If you want to have a business, you need something to sell. The best way to do that is to have a product or service that you can sell. That’s the first key ingredient to your successful passive income business.
1. A Great Product
It doesn’t matter if the product is yours or an affiliate product. The product needs to be of high quality, and it really needs to solve a problem for your target market. If you don’t already have a great product, concentrate on this element first. A great product that your market really wants and needs will be the single greatest asset in your passive income business.
2. Automated Systems
Now that you’ve got a great product to sell, you need to set up the systems to sell it. In order to make this a passive activity, you need to set it up so you don’t have to be present for the sales process to run. It needs to run completely on autopilot.
These systems should be automated enough to operate independently of you. These systems can then generate detailed processes to become your passive income sales machine.
The core processes you need is prospect attraction, sales, and product delivery. In other words, generating traffic, a sales funnel, and a product delivery system. These are also the main elements of your product website.
These systems and processes turn your product website into a selling machine.
3. Technology and Mobility
There are many very easy to use software packages that can make this a breeze. In fact, they take care of your systems and processes for you, without you even having to worry about the what and how of setting them up.
The last piece is the mobility and freedom this passive income business provides. Technology like smartphones and tablets allow you to keep an eye on these sales systems from anywhere. As long as you can get an Internet connection, you can run your business.
The Famous “Give-To-Get” Marketing Principle
Have you ever wondered why so few blogs or websites get all the success while most of them fail? Some of these big guys have thousands of subscribers while most of the others don’t even get into thousands. The answer to these questions lies in a very basic principle.
The law of reciprocity and the give to get the principle.
Failure to follow these principles will almost ensure that you won’t get any long-term success.
All truly successful entrepreneurs understand this fundamental principle of giving to others without expectation. What you give may be information, enthusiasm, or inspiration it doesn’t matter.
All that matters is that you give something to the community before you start to expect anything from it. Doing this in a right and honest manner is important too. The fact is, this principle not just applies to blog, it applies to all areas of life.
Take your job for example, when you start to give more to your company, the people around you start to see you differently. You suddenly become an inspiration to many. People start to look up to you to get important work done.
They start to trust you. And before you know, you start getting things back. Maybe a promotion, a bonus, etc.
It’s your attitude towards others and willingness to help without expecting anything in return that makes you attractive.
So, how can you use this principle in blogging?
1. Write top quality posts with an intention of providing your readers with the best information.
2. Be consistent. Get into a habit of making posts every day.
3. Take negative comments positively. It’s going to vanish pretty soon. Use those negative comments to make your blog and yourself better.
4. Make improvements to your blog monthly, weekly or even daily. Do it with an intention to make it healthy. Beauty will be a by-product of it.
The proper application of giving to get principle will inevitably lead to the principle of reciprocity. When you reach a stage of getting back to things, you would not just get the success but it will stay with you for a long time.
Use this awesome marketing principle in your online business and you will understand how effective is. But don’t forget that you need hard work to succeed online. Only a marketing principle is not enough to create a successful business.