Online Business – Stick At It!

I’m writing this article on a Friday, the start of the weekend.

Now, I make no secret of the fact that I love sport and the best time to enjoy the majority of sport, certainly in the UK, is at the weekend.

This is when many people make the most of the opportunity to enjoy themselves – spending time with family and friends, watching sport, going for a walk etc.

At this time of year it is Golf and Cricket that I particularly enjoy. I still play golf but my cricket is now confined to umpiring and the occasional bounce game.
What has this got to do with online business, I hear you ask. Well…

I also know that some people use their weekends to work on their online business. This is particularly true for those who are trying to set up their internet business in addition to their other employment. I know it can be a struggle to do this – it often feels like there aren’t enough hours in the week!

It isn’t an easy path and there will be lots of obstacles to overcome. Unfortunately, many people don’t appreciate this and as a result they soon become disillusioned.

I think that’s the reason why the following phrase is quite common amongst would be online business entrepreneurs – “I’ve tried that and it doesn’t work”. To me this reflects the fact that they had unrealistic expectations of instant success and have given up too early.

What they are really saying is “I tried that and it didn’t work straight away”. They then conclude that it will never work. But that just isn’t the case. Success comes by persevering, trying out new approaches, amending and tweaking something until you get it to work.

Think back to the great inventions and discoveries of our time – we would never have had them if people had given up after a few attempts.

It’s often quoted that Thomas Edison tried at least 1000 ways before finally creating the modern light bulb. So why should things be different for us?

If you’re struggling with some aspect of your online business then take this on board. Expect things to be challenging and develop a mindset of finding solutions to the problems that you’ll come across.

If you can’t get something to work first time don’t assume that it will never work. Persevere – try a different approach, ask for help and advice.

That’s what separates the successful people from those who give up at the first hurdle. I know it’s difficult when you spend hours of your weekend trying to figure something out when you could be out enjoying the sunshine!

But remember that it will all be worth it when your perseverance pays off and you start making sales in your online business.

Just remind yourself of this quote from Thomas Edison – Many of life’s failures are people who did not realise how close they were to success when they gave up.

So don’t give up – stick at it!

Now where did I put the Golf Clubs!!!

Multiple Incomes – Small Business and Internet Marketing

My journey along multiple income pathways has taken me on four quite different adventures. I have already written about the property pathway and Forex trading, so in this article I want to complete the picture by considering my small business venture and internet marketing.

1. Small business. I have a day job that keeps me very busy, but one of my ambitions has always been to have my own business. Many people have similar dreams, and some actually make the leap into an alternative career

One of the key things I have discovered is the importance of choosing a business in which one already has a certain amount of expertise. I have frequently heard about people stepping out of successful first careers, such as banking, into something completely different, perhaps wheelie bin cleaning or door-to-door selling.

Many franchise opportunities are available, and it may seem very tempting to pay a lump sum of money and walk into an existing business. However, without prior experience many mistakes can be made, and a significant number of franchise ventures end in failure.

My training is as a teacher, so I decided that whatever small business I would go into, it must involve education in some way. I therefore opened a tuition centre on a Saturday morning, and the business is now in its’ third year. I have an assistant from a local sixth-form college, and we rent a room in a local church hall.

So if you’re going to start your own business, stick with what you know and look for possible opportunities that will play to your strengths.

2. Internet Marketing. Most of my time and focus is now spent on internet marketing. The world wide web continues to expand at an incredible rate, and there are over 300 million websites out there. Nearly two billion people use the internet, and this represents 28.7% of the population. In some European countries, over 85% of the population are classified as internet users. The potential market is huge, and more and more marketing is going to take place over the internet.

However, competition is intense, and the days of uploading a website and sitting back and waiting for the traffic are long gone. To be effective means going out there and actively selling your site and product.

For a newcomer, as with any business there are many pitfalls and broken dreams on the way. Many people will offer advice and try to sell you the latest thing in internet marketing, but these ‘instant’ website packages are generally doomed to failure.

The old adage is that you get what you pay for. If you decide to cut corners and go with cheap offers, then you’re likely to get rubbish. Internet marketing is a business, and you wouldn’t expect to start up a profitable and long-lasting business of any sort for $100!

Be prepared to invest, but don’t jump at the first offer that comes along. Take your time and look for packages that are produced by well respected internet marketers who have been around for some time. Join forums and discussion groups and ask questions – who is actually making money, and what are they doing?

I have been involved with internet marketing for about five years, and I have made many mistakes. I have built websites that nobody visited, and I have wasted significant amounts of money on packages that promised much but delivered little.

I have now made my investment, and for the first time I really believe that I will be a successful marketer. There is money to be made on the internet, and with the right guidance and support internet marketing can be a very lucrative component of your multiple income pathways.

To summarise my experiences of multiple income pathways;

  • Property. This must be seen as a long term investment, and be aware of the hidden costs.
  • Forex trading. Find a system you like and stick with it, have sufficient money in your trading fund, and control the emotions!
  • Small business. Play to your strengths and look for opportunities in areas that you are familiar with. Avoid jumping into the unknown.
  • Internet marketing. Be prepared to invest in people and systems, and don’t expect to be an overnight success. My keywords for internet marketing are commitment, discipline and accountability!

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.