• Post category:StudyBullet-17
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6 Principles of a Successful Online Business
Learn About the 6 Vital Principles That Result in a Sound and Successful Online Business & Make You a Smart Entrepreneur

What you will learn

Principles that form the basis of a successful online business

Importance of competitive advantage.

Importance of operating an online business in a specific domain (niche)

Different techniques that will help them evaluate the market potential for their online business

Different financial metrics that they should be aware of if they are to run an online business that an rely on its own profit

How to market their online products and services using an objective based strategy

Some of the best tools and software to use to build the infrastructure of an online business

Description

Do you want to learn how to start an online business?

Then this course is a must for you!

It teaches you the 6 important principles which form the basis of a successful online business.

The truth is that only 5% of online businesses actually succeed and the reason for that is a lot of online entrepreneurs don’t put enough thought into forming good foundations of their online business.

Usually, online businesses are built on shaky foundations and with a short term thinking.

This course will teach you how about the different principles that you should apply before starting your online business and also during your online entrepreneurship journey.

Here are the 6 vital principles that you will learn about in this course:

Principle #1 – The Principle of “MOAT”

Here you will learn the importance of competitive advantage.

Principle #2 – The Principle of Narrow Niche

Here you will learn about the importance of operating your online business in a specific domain


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Principle #3 – The Principle of Market Demand Validation

Here you will learn different techniques that will help you evaluate the market potential for your online business

Principle #4 – The Principle of Margin (Revenue, Expenses and Profit)

Here you will learn about the different financial metrics that you should be aware of if you are to run an online business that an rely on its own profit

Principle #5 – The Principle of a Marketing Funnel

Here you will learn about how to market your products and services using an objective based strategy.

Principle #6 – The Principle of Online Infrastructure

Here you will learn about some of the best tools and software to use to build the infrastructure of your online business.

Throughout this course, I will be giving examples from my own online business as well as examples of some other well known online businesses.

What you will learn in this course is what I’ve learned after running a successful and profitable online business for over a decade.

I hope to see you inside the course!

English
language

Content

Introduction to the Course

How This Course is Structured

Principle #1 – The Principle of “MOAT”

What is MOAT and what factors make up a MOAT in an online business?
An example of MOAT from my own online business
Discussing MOAT by taking the example of a well known company
Some important points to know about MOAT

Principle #2 – The Principle of Narrow Niche

What does a narrow niche mean? Demonstration with examples
What are the advantages of operating in a narrow niche?
Example of a narrow niche from my own online business
Be careful about narrowing down too much

Principle #3 – The Principle of Market Demand Validation

Doing Keyword Research Using Google Keyword Planner
Surveying the Competition to Evaluate Market Demand
Using YouTube, Google Ads and Reddit to Evaluate Market Demand
Some Other Advanced Techniques to Evaluate Demand

Principle #4 – The Principle of Margin (Revenue, Expenses and Profit)

Understanding Revenue, Expenses and Profit (Margin)
Taking an example to understand how margin relates to a business model
Different ways to increase margin
Why certain companies ignore margin

Principle #5 – The Principle of a Marketing Funnel

Understanding the concept of a marketing funnel with some examples
The advantages of implementing a marketing funnel
How I use funnels in my own online business
Important things to know about a marketing funnel
More videos to be added..