I have been working in business services companies for more than 10 years, what is called B2B, and I can tell you that there have always been and will be booming businesses, regardless of the economic situation .
On this occasion I want to tell you the keys that make these businesses work, and how you can take advantage of these keys to make your own online business prosper.
The 3 Key Factors Of All Booming Businesses
As I told you before, I have developed almost my entire professional career in the field of B2B services.
I have seen companies of all kinds and in almost all possible situations, and what I can say is that for all the booming businesses that I know, the same 3 factors are always fulfilled, broadly speaking:
- They make their own products
- They are exporters
- They have developed an important commercial network
Now it comes when you think that this is very complicated and that you need a lot of money for such media deployment. Serious mistake. I link you an article that talks about the humble origin of the great entrepreneurs of our century . Just one fact:
80% of “billionaires” are from humble origins.
1 Make Your Own Products
If you manufacture your own products you will already have 50% done to build your own booming, crisis-proof businesses.
When someone manufactures their own product, they normally have to research the market, invest in R&D, which necessarily implies that they relate to their environment, make an effort to understand its needs, and develop solutions to satisfy them .
Internet businesses allow you to develop infoproducts by applying the roadmap that I have described in the previous paragraph. This is one of the reasons why online businesses are booming businesses.
The best way for your first info product is an ebook, and if you want to learn how to do it, I recommend a course that is very well priced and with which you will learn not only to write your own ebook, but also to do market research, promotion and sale of it.
The course is called “Your ebook, step by step”, (It is already out of print, but in the Tribe, you will find all the information , and much more). And I recommend it because I have done it myself, because an ebook is the infoproduct easier to develop and because great technical knowledge is not needed for its elaboration. Come on, it’s available to anyone.
Sometimes the market where you are does not work. There are simply places that the economy punishes more than others.
Internationalization can be a good option to open up to new markets and booming businesses. The problem is that going abroad with your products is very expensive: logistics, sales network, foreign contacts, travel, prospecting, market analysis…
But… what if your business is on the internet and is based on the marketing of infoproducts? The answer is that you are one click away from internationalization .
With a business based on infoproducts, the logistics are minimal and can also be automated, the commercial network is much easier to set up (through affiliate marketing, for example), you can make foreign contacts from anywhere you have an internet connection, you avoid trips, prospecting and market analysis is much more affordable and direct…
For this reason, another of the keys to booming businesses is internationalization, since you diversify commercial risk and if a market does not work, you are left with the rest of the world .
3 Develop A Business Network
Do you know what you have to invest to develop a commercial network in a traditional business? And even more so if said business is internationalized…
To set up a good commercial network you must know very well the markets in which you operate and set up a commercial structure that knows these markets as well as or better than you.
In a traditional business you must invest at risk. Although the commercials go only to commission, you have to make an investment in time and money at least to select them. And if then they are not good or you make the wrong market, you have lost precious time that you could have spent earning money elsewhere.
Again, a business based on info products does not have this problem. You can build as big a business structure as you want through affiliate marketing . And the costs are always variable. Win-win.
True booming businesses allow you to grow quickly, and an internet business based on info products using affiliate marketing is very scalable.
And The Same Conclusion As Always For Your Booming Businesses…
I know I get very heavy with this, but you have to burn it into your entrepreneurial brain:
- Create a blog
- Get qualified traffic
- build your list
- develop your product
- Get affiliates and expand your business
As you will see, booming businesses do not understand crisis and always have the same guidelines . And the internet is an ideal environment to create your own business based on info products with hardly any barriers to entry.