How to Make Money Using The List Built When Social Networking For Business
One of the biggest secrets to making money online is building a list that is targeted. Once this list is generated, it can be used to make money almost on demand (if it is built correctly from the get go). This is one of the best ways to make money from being good at and using social networking for business purposes.
Arbitrage is the ability of a person to take something and sell it at a higher price than it took to get the asset. This is extremely useful on the internet where the ability to make a new business is sometimes as easy as building a new social profile. This ability allows a person to create several businesses with low overhead.
What do you do with these profiles?
These profiles should be generated to gain followers for very niched topics. Every topic will generate unique followers who are interested in the product or service. These people are valuable because they have already raised their hand for the information that was promised. There are plenty of businesses that will pay money to have those people see what they have to offer. This is where a person can build a business from nothing and almost no cost.
The action that makes this all possible is list building. There are many marketing gurus who believe that list building is the most important skill (it is debatable whether or not it is). List building is a difficult thing for most businesses to do because they have no idea that they should even be building a list. This is why social networking is a great place to do this, because social networks themselves are list-building products.
This list is valuable because most businesses do not understand how to build a list or how to get in front of prospects who are already interested in what they have to offer. They will pay to get access to the list and are willing to pay top dollar for this at times. All the business owner had to do was open the profile and deliver relevant content to those people so that they can follow the poster.
This is a form of arbitrage. What a business owner is investing in this case is time and knowledge. A person just needs to have the knowledge already or to get the knowledge to deliver to those markets. Those posts that the readers read on the social networks must be relevant and helpful to the readers' situations. The ability to deliver relevant content is the only thing that this business model needs.
List building is really the same as social networking for business purposes. A business owner is trying to generate a larger pool of contacts and possible clients. This is no different on social media platforms where the focus is on generating larger and larger audiences (also known as "friends" and "followers." A person or business owner who is successful at generating a large number of followers or friends has an asset that they can monetize even if the list does not buy their products and services. Every business needs to take list building more seriously than they currently do. Every business should look at their social networking for business purposes as list building.
Scott Buendia consults for Bizbuilt.com. All the views and tactics in this article are tactics and ideas of the author; they do not necessarily represent the ideals, beliefs, or trademarks of Bizbuilt.com. Visit his card on Bizbuilt here, https://www.bizbuilt.com/socialmediaprivacy.
