6 Things You Should Know Before Starting an Online Business
Many people are flocking to the Internet as a way of making more money. Building a successful online business can be very attractive.
But, some people wonder if you can really make money online. With the changes in the economy and the number of jobs being lost, many people have turned to other alternatives to make money.
With the explosion of the Internet, more and more people are looking at opportunities that they believe will help them develop an income stream to replace the job they lost or are afraid of losing.
This is an admirable vision, but like anything else in life, there are potential dangers to be aware of.
So, what do you need to consider and what Dangers do you need to avoid?
Avoid the Shining Object Syndrome
This is probably the most important thing you will ever learn if you stick to your journey as an online marketer.
You must avoid becoming the shiny object syndrome. Don’t be an easy mark for the next awesome opportunity. It’s funny, but just today someone contacted me and tried to sell me on what sounded like a great opportunity. It could be the next bitcoin phenomenon or it could just be a great sales pitch.
This will probably happen to you if it hasn’t already. You may already be involved in a project that requires your undivided attention. If you took the time to pursue this new opportunity your focus would be reduced and so would your effectiveness.
The project you are working on now would fall to the wayside. This would mean starting from scratch on something new.
Don’t get me wrong, there are many great programs and products being introduced each and every day. If the product is not going to help you with what you are working on right now, then it’s just another distraction.
There Are No Free Rides
There are no FREE rides when it comes to building an online business. It seems that people tend to think that building an online business should be easy and free to get started. Neither of these things is true. Think about it, you are building a business. That’s not to say that it will cost you the same amount it would to build a brick and mortar business, but there some costs that need to be considered if you are serious.
As you get started building your online business, you can on getting lots of offers for FREE reports, sign-ups, and eBooks in your inbox. There is nothing wrong with getting all the information you can this way, but recognize that these offers come with a catch. If you want to receive the information being offered, you will be expected to provide something in return
Mainly, your contact information. This will be at the very least an email address, possibly your first name and more.
Don’t Sit on the Sidelines
Don’t sit on the sidelines watching the action. One of the most common mistakes made by many beginning their journey is to procrastinate while gathering information.
The general thought behind this is: “I’m not ready. I don’t know enough to get started. They are thinking let me grow more knowledge and then I will jump in.”
Believe it or not, the best way to learn is “on the job training”. Find a niche or program you feel will fit you and the time you have available.
When you got hired for your job, did you know everything there was to know about it or did you have to learn as you went?
No one starts in business without having to go thru growing pains, so why not do it while you are making some money?
Don’t Forget the Basics
There are some that make the mistake of just jumping in totally blind. They don’t even have a basic understanding of Internet Marketing. These people will generally jump from opportunity to opportunity never taking the time to learn about what they are promoting.
A good sound approach is to make a decision on a single product or program. Learn all you can about it. If you are going to promote other people’s products, then purchase at least the first offer.
Study everything about it so you can share the knowledge with the people you are promoting it to. I don’t mean that you give away all the goodies inside, but you can tell them about what you have learned and how it will help them.
Watch what the product owner is doing in their emails and the additional offers that come after the initial purchase. Know what you are going to market before you try to market it to others. Make sure it is something that you feel is worth the money. You don’t want to promote junk.
Work a Proven System
When getting started your best bet is to follow a proven system. This doesn’t mean that you have to sign up with a system that requires you to pay them monthly.
Find a mentor or training program that you can work with and follow their proven system. Many Internet Marketers are working with affiliate programs, AdSense or CPA offers. These methods can be very rewarding without having to spend boatloads of money to get started.
Just know that this should just be considered a starting point. A place where you can start to make some money that you can then put back into your online business.
It’s important that you use the money that you start to make in the beginning in building your business. Consider it seed money. The more you put back into the business, the faster your business will grow and the more you make.
Don’t be tempted to spend it on yourself. Spend it on the business and you will be greatly rewarded in due time.
Never Give Up!
Don’t give up! Expect setbacks, they happen to everyone. The important thing is to learn from them and don’t throw in the towel, you will make it. So many people stop what they are doing right before their efforts are going to pay off.
No one said it was going to be a walk in the park. If you expected it to be, then you need to adjust your thinking and prepare to roll up your sleeves. Look, anything in life worth having is worth working for. If this is your burning desire, you will make it. There is nothing that can stop you except YOU!
So, can you make money online? You betcha! Develop a plan, set realistic goals that you can manage with the time you have available to invest.
If someone tries to sell you on something that sounds too good to be true, then believe me when I tell you, IT IS!!
- Avoid the Shiny Object Syndrome
- There are No Free Rides When Building an Online Business
- Don’t Just Sit on the Sidelines. Learn as You Earn
- Don’t Forget About the Basics
- Follow a Proven System
- Never Give Up on Your Dream
Let me know what you think, leave your comments below.