There are many reasons why. Maybe you are totally frustrated with your daytime job and also you feel trapped. You want to get out of the Rat Race. Maybe you are tired of working for someone else and it is time to be your own boss. Maybe you just lost your job and you've nowhere else to turn. Whatever the reason, an option of starting an internet business has crossed your mind, otherwise you would not be reading this post. Let me make one thing clear. Starting an online business requires function.
If anyone tells you otherwise don't believe them, run the other method.
If you want to start an online business allow me to reveal to you 3 common mistakes to avoid when starting an online business.
1) Starting an internet business without a Game Plan
2) Not having the finances it takes to start and maintain an internet business
3) Not Being Patient enough to see things through once you get a business off the ground
1) Starting an Online Business without a Strategy:
Starting an online business can be very exciting however, before you jump in you'll want a game plan. Can you imagine a football team going into a big game not having some kind of game plan? Take the time to put your ideas on paper. I know you have it all in your mind, but that is not good enough. You got to write it down in writing. What is it that you want to accomplish? Write it down. What exactly are your goals? Write it down. I know you want to make all of this money, but be specific. Make 6 month goals, 1 year goals, as well as 5 year goals. What is the lifestyle you see yourself living later on? Write it down. Although, this is not a hard task, many people begin a business without knowing the desired outcome.
Now that you have your objectives written down, create a game plan as to how you will make it happen. How are you going to arrive? At this point you may not know all the specific details however you can have a general idea of how you'll accomplish your goals. Put a Game Plan together and write it lower. Then, visualize how you will feel once you have arrived. Create a vision board and see and act as you are already there.
- What is it that you want to achieve?
- Write a Game Plan as to how you will get presently there.
- Visualize as if you are already there.
2) Not having the finances it takes to start and maintain an internet business:
There are expenses associated with starting an online business. It takes some money to make money. Although, there are many free online tools that will help you build your business, there are some expenses. Some of these costs are one time cost however there are several fees that are recurring monthly expenses. You must plan and account with regard to expenses. Before starting an online business you will need to set some cash aside to get your business started. Once you get your business up and running and you start making some money you might want to consider outsourcing. This will free up your time, however this is optionally available.
There are expenses associated with starting an online business. It takes some money to make money. Although, there are many free online tools that will help you build your business, there are some expenses. Some of these costs are one time cost however there are several fees that are recurring monthly expenses. You must plan and account with regard to expenses. Before starting an online business you will need to set some cash aside to get your business started. Once you get your business up and running and you start making some money you might want to consider outsourcing. This will free up your time, however this is optionally available.
- Register a Domain Name
- Host your Domain Name
- Aweber account to collect a list
- Outsourcing (optional)
3) Not Being Patient enough to see things through when you get your business off the ground:
Starting an online business means you will have to nurture your business constantly. I like to relate a business person like a farmer who would like to plant a peach tree. He starts with a seed, soil, water, sunshine and fertilizer. Once the seed is planted the farmers work is not really done. If so, the farmer will never see the fruits of which tree. However, if the farmer nurtures the seed daily by giving this proper sunlight, water and fertilizer in due time the farmer will enjoy the rewards of his patience and dedication of his daily care. So it's with starting and maintaining a successful online business. You cannot just start it and ignore it and expect to rake in all this money. It will take period, however, if you are patient and dedicated and nurture your business properly your business someday will look after your family financially.
Summary:
Owning an online business can be one of the very rewarding things you will ever do. There are certain expectations required to operate a successful online business. Anyone can start an online business, but I actually do not think that is your goal. I would think your goal would be to start, run, and maintain a successful online business for years to arrive. Like I said anyone can start a business, but not anyone can run an effective business.
Starting an online business means you will have to nurture your business constantly. I like to relate a business person like a farmer who would like to plant a peach tree. He starts with a seed, soil, water, sunshine and fertilizer. Once the seed is planted the farmers work is not really done. If so, the farmer will never see the fruits of which tree. However, if the farmer nurtures the seed daily by giving this proper sunlight, water and fertilizer in due time the farmer will enjoy the rewards of his patience and dedication of his daily care. So it's with starting and maintaining a successful online business. You cannot just start it and ignore it and expect to rake in all this money. It will take period, however, if you are patient and dedicated and nurture your business properly your business someday will look after your family financially.
Summary:
Owning an online business can be one of the very rewarding things you will ever do. There are certain expectations required to operate a successful online business. Anyone can start an online business, but I actually do not think that is your goal. I would think your goal would be to start, run, and maintain a successful online business for years to arrive. Like I said anyone can start a business, but not anyone can run an effective business.