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Starting
An Online Business
"Starting
An Online Business:
Things to Learn and Remember"
-by Karl Augustine
Since
96% of all online businesses fail, you should be careful,
driven, smart, and adventurous when starting an online business.
Obviously when
starting an online business, avoiding mistakes is key to
your success because online mistakes cost serious money
and waste lots of valuable time. Unfortunately you don't
have a time machine to use to go back and "undo"
the mistakes that you might make.
In
the online world, mistakes are simply "business killers"
and sadly, most people who start an online business never
recover from those mistakes.
Here's some facts that
may factor into your decision if you're thinking of starting
an online business:
* When starting an online business
the average newbie loses between $1,500.00 to $2,500.00
in the first year of their online business on useless products
and programs.
* The Department of Labor and
Statistics says that 75,000 new people subscribe to the
Internet every day, 100,000 new web sites are built daily,
and 125,000 people start a home-based business every week.
* 33% of all new millionaires
achieve it through a home-based business.
With those
types of statistics, its easy to see why starting an online
business can have such a grand allure and be daunting all
at the same time. In fact, starting an online business can
be one of the easiest things to actually do and can easily
become a part-time profitable business if you do it right.
So what do
you have to remember or learn when starting an online business?
Here's
a partial list of 8 items.
Starting an online business item #1:
Remember that you need to plan well, have a distinct
plan for what you want to do and how you are going to get
there. If you don't have detail of the "how's" regarding
starting your online business, you will most likely waste
more money than you can afford to and burn up more time than
you should. Define a clear path from "idea to sale"
right from the start and realize that your flexibility in
that path will be key to your success.
Starting an online business item #2:
Remember that there are lots of 'get rich quick'
type schemes available that contribute to the overall Internet
business hype. If you buy into any of this when starting an
online business, you'll actually digress rather than progress
because you'll be distracted and you will not be able to maximize
your time.
Starting an online business item #3:
Remember that there are certain similarities to
offline and online success, but there is a distinct difference
between online marketing and offline marketing. When starting
an online business, make sure that you take what you know
as an offline marketer and utilize what works in your online
business and discard what doesn't.
Starting an online business item #4:
Remember that you will need to be highly critical
of information and will need to crave information and knowledge
when starting an online business. You will be bombarded with
lots of information, schemes, products, resources, and tactics
for success when starting an online business, its only natural.
Remember to be logical and critical of such information and
crave the knowledge needed to decide whether or not the information
is fitting for how you think, is useful to you in your online
business, and has value to you regarding your long term plan.
Starting an online business item #5:
You have to learn patience when starting an online
business. Because you most likely won't have the knowledge
or resources to make lots of money instantly, and your network
of 'partners' won't be built, having patience and understanding
that this business takes some time just might save from the
times when you feel like throwing in the towel.
Starting an online business item #6:
When starting an online business, you have to be
ready to learn the art of copy writing unless you have a large
budget. Copy writing is one of the top skills needed to succeed
in an online business and the endeavor to learn copy writing
should be taken very seriously. There is a process that goes
along with solid copy writing and it ties into your product,
target market, and your overall plan. Make sure you learn
how to write good copy or at least plan fiscally to get the
job done right.
Starting an online business item #7:
When starting an online business, learning how to
develop a product that people will pay for, that is in an
unsaturated market, and that is built around your passion,
can be one of the most important exercises you can undertake.
There's been lots of money lost because this idea wasn't thoroughly
researched before the netrepreneur started his or her online
business. Don't make the same mistake when starting yours.
Starting an online business item #8:
In order to be successful when starting an online
business, you need to learn how to use the phone! Email is
great but the phone is better, always. If you aren't comfortable
picking up the phone and talking to other business owners,
practice it. Remember, your online business is like any other
business, offline or online. It is about solving people's
problems by delivering a solid product through channels that
often-times demand having a relationship with other people.
Voice to voice communication is the next best thing to meeting
in person. Use the phone!
When staring
an online business, remember that you will have to sift
through a lot of information and be diligent in order to
turn a profit. It takes work. Starting an online business
is easy, making your online business a profitable one will
take effort, determination, relationships, talent, and persistence.
Be humble,
work hard, work smart.
Karl
Augustine
'The
Regular Guy'
Order "9
Deadly Mistakes To Avoid When Starting An Online Business",
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