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.

Manage Your Online Small Business Better With These 3 Tips

Many people are enthusiastic about starting a online small business. A major impediment in their progress is lack of adequate knowledge in handling the business. The discussion below is designed to help you acquire basic management skills.

1. Time Management

One of the major ingredients of running an online business, particularly home based business is time management. Because you are your own boss, and there is no physical control on your action, there is a tendency to ignore the value of time management. When you miss your schedule today, work accumulates for the next day. A disciplined approach to time management is therefore critical for your success.

2. Persistence

Online business should not be looked upon as a means of overnight riches. Like in physical business, persistent effort and focused work is essential to take your Internet business all the way to your goals. Be prepared to invest time before you can see the first few hundred dollars trickle in. Understand that every successful business person has gone through this phase. Persist with your efforts and you will find them blossom into remunerative results.

3. Focus

After you select your type of online small business, stick with it until your efforts starts to yield results. Jumping from one opportunity to another will not get you anywhere. If you started off with affiliate marketing, stick with it. Enhance your learning when you face obstacles. Remaining focused and adding to your knowledge about your Internet business is the quickest way to succeed.

Business Cards That Make Your Business Stick Out

One might ask how significant are business cards for the success of a business or what happens after one hands them out to prospective or current customers. It’s until one becomes an independent businessman or woman that one realizes how essential they are as part of marketing and networking tools. A good business card should always put creativity and artistic display at the core of everything. This is something that professional photographers and designers will always proffer to anyone who intends to design one. The cards should be exceptionally creative with inclusion of some unique features such as some portraits at the back of the card or an inspirational quote that will leave an indelible mark in the reader’s mind.

It’s always necessary to think of a card as a marketing tool from the onset. There are common mistakes that many business people make by making it a directory of contacts and poorly elucidating on the services they offer, and thus making the card lose the taste immediately after exchanging hands. Think of the impact that a card designed with high resolution with lucid and well cut out graphics and letters. The selling point of such a card will undoubtedly be high and will always bring out the rare Wow factor.

If one has a small business offering products to the market, it is always advisable to include a product picture at the back of the card while at the same time ensuring that the card professionally designed and are the type that one can hardly throw away. The best way to achieve this is to look for designers who print full color on both sides of the card. One can choose the best photos or choose from the color schemes and designs that they have in their numerous templates although using the available flexible templates usually works well. All one needs to remember is that creativity is the bench mark with which to measure whether the business card will stick out or not.