Once You Choose a Business, Quit Looking – If the Grass is Greener, You Are in the Wrong Business

If this scenario has not happened to you, you either haven’t been trying to get something going online for very long, or you did your homework first.

You go surfing for the next, best business opportunity– the one that will put all others to shame. You give out your name, email, and phone a few times, and before you know it, your mailbox is filling up, your phone is ringing, and you see even more opportunities than you knew existed. A few of them look interesting, so you enter your information a few more times. You look up, and are positive you are getting mail from everyone in the universe. Finally, you pick one out, give them your money, put your name on the replicated company website, and wait for the money to pour in. And wait. And wait. Finally, to fight the frustration and boredom of a virgin website (not been visited by anyone but you), you start the search all over again. Sound familiar?

Continually surfing the net for your next business opportunity before you have gotten the one you are on up and going, is a sure sign you are not in the right business. If you aren’t happy with the company, the products, the pay plan, or the training, it’s time to move on. This time, be sure you are making the right choice. don’t make your decision about which business to join without doing all of your homework first. If you don’t have a concrete set of guidelines that your business has to meet, you will be tossed to and fro by the hype more than by how the opportunity fits you and your situation.

For help in setting up your guidelines, read my four part series entitled “Evaluating an Online Business– Things You Should Know…” It will give you some guidelines for developing your own checklist, and how to stick with what you want. If you choose the correct business for you to start with, the time you are surfing the net now for another business will be spent building the business you have. Once you start a business, stick with it and give it your full attention. You will not be successful if you don’t actually work at it, and you will not actually work it unless you have taken the time to find the correct business for you.

If you would like to see a business whose “business” is teaching you everything you need to know about the building a stable and successful Internet marketing business, check out TheLastBestBiz.

7 Critical Steps You Should Take Before Investing in a Business

Are you considering starting an Online Business? Maybe you already have one. Is it everything you hoped it would be? Chances are it’s not.

With so many online opportunities available, such as network marketing and MLM companies, there’s a multitude of ways to make money. However, I believe more people lose money and more easily when it comes to these types of programs. Am I against them? Read on to find out.

If you have been trying to make a living online or just wanted to earn a little extra money, there’s a good chance, you’re failing. It sounds harsh, but it’s true. If you’re only beginning you’re probably in the, “I’m so excited” newbie stage and just don’t know any better yet. If you’ve invested in one of the thousands of opportunities out there and you’ve been working at it for more than a month or so, I’ll bet you’re in the “frustrated and asking yourself, ‘Is this really going to work’?” stage.

Don’t feel bad. You’re not alone. There is a 97% failure rate for people trying to make money online. I talk to people all the time who’ve spent thousands of dollars, and not made a dime. It’s very sad.

Why do you think this is? What is it about the Internet that makes people so willing to throw money at every opportunity that comes along? Why is it that only three percent people make real money?

I have a few different theories. To begin with, to most people running an online business is uncharted territory. “Any expert” can say “anything.” Many of these ‘experts’ claim to make money when in reality they’re not. Innocent people believe them, and join, only to find it was all hype! Worst of all, the person who signed them up doesn’t know any more about running an online business than they do.

The other big “issue” is the crazy assumption that people think they can become wealthy or make millions by investing in a “low start up cost” business. They think, “Oh well, its only $100 so if I lose it, it won’t be so bad.” If you go into a business with that attitude you will lose it. Most people I’ve talked to have invested small amounts in at least five or six different opportunities and never made a dime. Believe me, it adds up very quickly.

CASH is KING! Yes, I said it. You need cash flow to keep your business going. Don’t get me wrong. There are some great ways to market your business online for free. But, YOU NEED CASH FLOW! Without it, you’re dead in the water, or should I say, “dead on the web”?

Last but not least, Attitude is key! You have to go in knowing it will take hard work. There will be failures, and success doesn’t happen overnight. Interestingly enough, research shows that most people quit after three weeks.

The Internet is amazing. It has made the world a much smaller place and created many opportunities to create wealth, but come on people! It’s not magic! Treat your Internet business as you would a “real” business and you will find success.

The Keys To Online Success:

1) The right program or product. Do your homework on this one. Visit sites like MLM Watchdog. If there’s something negative on the business, it will be on Watch Dog. (I have no connection to Watch Dog in any way, nor am I a member).

2) Make sure it’s a product people want. If it was to sell at a store, would people buy it? Would you be proud to tell your friends and family about it? How long has the company been in business? Google the company and find out as much about them as you can. Check the Better Business Bureau too.

3) Who is your sponsor? Do you like them? Can you trust them? It’s hard to tell from just a phone call. Ask to speak to a few of their members and someone who is directly signed up under them. Try to get some form of proof of their success. Google their name. You’d be surprised at what you can discover. Remember, this is the person you’re counting on to help you succeed.

4) What kind of marketing system do they have in place? How do they get their leads? How much do you have to pay to get your own website? Will you have to make your site on your own or will they provide it? Do they provide training?

5) How do you get paid? What is the pay plan? Is there residual income?

6) How much more will it cost (in addition to the program itself) to stay in? Will you have to order products monthly or keep an inventory? How much will it cost to use their corporate website? Do they have customer service?

7) Finally, will you enjoy being a part of this program? Life is too short to do something you don’t enjoy.

The Internet is an incredible place to earn a living and I know that online network marketing is one of the best ways. It has changed the face of business forever. Never in history has there been so many people working from home running their own business. The thought of having a 15 second commute in your PJ’s is a pretty good one.

You “can” make a living online. Just make sure you do your due diligence and when you do find an online business, stick to it. If you have done your homework and it is a legitimate and honest business, you will succeed, as long as you just stick to it.

5 Important Tips to Overcome Business Start Up Fears

Just a week ago, I met two of my college friends. It’s been (4) years since we’ve last seen each other, so we decided to have a cup of coffee to do some catching up.

We mostly talked about our life back in college, how the school culture has evolved, the people we were with, the education system our school had, and our careers. Apparently, when we got to talk about our careers, they were so shocked to know that I already have two businesses. They even got more shocked to learn that I have been investing in the stock market and still kept my day job. (If you knew me in college days, I bet you’d also be shocked.)

They were really intrigued with the fact that I already had two businesses and could even afford to to keep my full time job in one of the biggest companies in the Philippines. They asked me questions like – how I started, how big was my capital, how much do I earn, and many other questions. (I wanted to tell them to join our Truly Rich Club with Bo Sanchez and they will be able to start their own business as well.)

I had so much fun telling them my story, and even told them about my future business plans like acquiring real estate properties and renting it out to receive cash flow.

After telling them my story, I encouraged them to start their own business as well and ironically, both of them seemed to look like “squirrels trying to get back to their hole” to hide from people. The feeling in their eyes suddenly changes from excitement to sadness or worse – fear.

At one moment we were so happy talking about business and how it drastically grew my income, and eventually changed my life but when I asked them to do the same, all they could think about was the negative factors in starting a business. Both made excuses like I do not have the capital, I don’t know how to start, I’m not the business type of person, I do not have the time, I do not have the time and I do not have an idea what business to start.

It really saddens me to think that a lot of people really want a business of their own yet only a few even try to start. They complain about their income and how they are treated at their job, but they still work anyway.

In my case, I started dreaming about having a business of my own even when I was still very young. Hence, i unconsciously pursued that dream without even realizing it. Now, it wasn’t really that easy, I even failed tremendously. But as I tried more and more, I became better and better.

To help you with overcoming your business start up fears, here are (5) five tips and ideas that have greatly helped me in my business success:

Tip #1
Have A Strong Burning Desire – A Dream Life!

I put this as the number one tip because I believe that this will be the key to your business start up success. Having a strong dream will keep you going no matter how many times you will fail. Mr. Kiyosaki coins it very well when he said, “It is the WHY that is important in achieving financial abundance, not the HOW.” Know why you want a business, and the how will slowly unfold right in front of your eyes.

Tip #2
Stick To Your Guns

When I started doing business, I tried to do it all at once and never got a single result. I tried flipping foreclosed properties, opening a retail store, joining a networking business, started a logistics business, and on top of that I kept my full time job (yeah I know what you are thinking, I was crazy right.) My belief during that time was hitting a single bird with thousands of stones. I told myself, I want to succeed I must open many businesses at the same time.

Big mistake!

I ended up frustrated, emotionally drained and broke. Even worse, my friend who invested with me got all mad at me.

Now I learned my lesson. In starting a business, stick to your guns. In fact, just start with one gun first. Do not diversify and “reduce risk” (diversifying is only good when investing in the stock market). Focus your efforts in just one business first. Set-up a system to automate it and hire people and professionals to take care of it.

Based on my experience, it would often take at least two (2) to three (3) years to fully automate a business depending on your experience (learning curve) and the nature of your business.

Tip #3
Start Small Always

This inevitably reduces the fear you have inside you knowing that you are not using your entire savings to start a business. There are many ways to start small and I will discuss this also in my future posts. The important thing is, you do not loose food on your table, and be able to sleep at night knowing you still have enough to survive.

Tip #4
Learn To Sell And Market

No matter how great your business start up idea maybe, at the end of the day if nobody knew your product existed, getting sales will always be very difficult. Hey we all admit that apart from fulfilling our life mission to be successful businessmen (yes, I believe that is my life mission, I hope you too) we also want to earn money right? So how can your start up business be successful if you can’t sell a single cent from the services or products your start up business offers.

Remember this, sales and marketing will be the life blood of your business. So please be sure that your business start up has a strong sales and marketing system, that will back up your thriving business.

Tip #5
Get Yourself A Mentor

Yup, you heard it right. I had a mentor during all the times I was doing my trial and error in starting a business. Remember that in business, there is really no guarantee. The market is actually free and a lot of things could happen to your business.

Having a mentor on your side, gives you an advantage against your competitors since you are getting valuable advice from someone who has gone to the route that you are about to partake. Your business mentor will be short of a fortune teller of your future. Since he has gone to the process of failure, success, failure, success, failure and success again.

Now where to find those fabled mentors?

Actually finding a mentor is not as hard as it seems, they are actually everywhere. They can be your parents, your rich uncle, your quiet neighbor who owns hundreds of rental properties, or the old woman who goes to the same gym with you. It doesn’t have to cost you a fortune to get a mentor, you can trade services with him so that he will mentor you for free.

Ask him this question – “What is your biggest project right now that I can help you with? and of course you offer your services for free. With this effort alone, you gain his trust and his ideas on how he handles his business.

Let me end this business start up idea with the true definition of FEAR. It actually means:

F – False
E – Expectations
A – Appearing
R – Real

So when you come up with a very good business start up idea, remember that your fears are just false expectations that appear real but in real life it does not exist until you have done it. Instead of feeling fear, think of your dreams and take action, action, action, action…. until you meet success.