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Making a bazillion dollars on the internet. It’s as easy as doing a few Google searches, getting your own website and you are up and running. The only real issue is how to find the time in your leisure activities to make it to the bank to cash all the checks! Yeah, right. Stop dreaming, it just doesn’t happen that way. In fact according to statistics, more internet marketers end up “in the hole” after investing significant resources (time and money) only to give up in dismay and disappointment. But why, what went wrong?
More times than not, many of these efforts fail before they even get off the ground. This most commonly is caused by a failure to establish a solid foundation with which to build upon in your efforts. How does on do that? Simple, start out be a careful and thoughtful evaluation of oneself. What are you good at? What do you like doing, for fun, business, or pleasure? It is really remarkable the amount of successful web-owners and marketers who are successful in doing something they really love or are good at. Some call it finding our “forte”. The “trick” then becomes finding “your niche” and then structuring your efforts and resources with your internet business around those interests.
This then enormously helps the next aspect which is to learn everything about your product, inside and out. Becoming a “guru” of your given niche ensures you set yourself apart from the crowd, makes you and your products, your advice and opinions – desirable and sought after by others. Even beyond the “snake oil salesmen” who could sale anything, gaining this level of expertise propels us along the way to financial freedom.
Beyond our words, people will be able to tell if you believe in your product or not. So if you are looking at a network marketing company, try being their customer for a couple of months before you join the business. Once you try the product or try the service then you will know how you feel about it. This first hand perspective of your ability to understand the product becomes an invaluable resource in helping you deal with customer issues as well as better prepared to address sales/marketing strategies.
Now that you have selected a business that amplifies your strengths and a product or service you can believe in you have to determine resources and funding for your investment. Remember that most home businesses take months before you begin seeing profits. Therefore, establishing and carefully following a strict budget is vital.
No matter how enticing and beneficial a promotional opportunity/program may seem – the reality is you have to pass on those items that are not within your budget.
OK now you have your business, our product, and your budget now you are ready to start your business. Just remember that it is a business and should be treated as such. For some, running a home based business can be more difficult than running a traditional business. Be very careful about all the many distractions; kids, TV, the couch, etc.
To begin a business from home is a serious commitment of time and money. You must keep this perspective in mind and keep it running as a business. Hobbies are hobbies, business is business! If you do not take it seriously you will just be wasting money and wasting time and since how most people start up home based businesses to have more time and more money you would be defeating the purpose. Whenever possible, try to make yourself a home office area, set aside for the disruptions and distractions whenever possible.
You have your business up and running, the website looks great, the products are hot and ready to go. But where are all the people? You can not forget about the marketing and advertising necessary to bring traffic “in the doors”. Whether it is a traditional brick and mortar building or an internet storefront, this reality is one that we all have to embrace, understand and overcome.
The good part is; there are many mediums with which to “diversify” our advertising efforts. These included newspaper ads, flyers for local areas, mailing lists, pay-per-click methods, and many others. More than any other single area, marketing is the one place where budgeting is a must. The amount of funds for marketing can go from a few dollars, to half the national debt. Sticking to a strict budget in this area is critical for your financial well being! Best advise – diversify your efforts, do not put all your advertising dollars in one medium. This technique will pay off in the long run.