Learn How To Start An Online Business And Be Shocked How Easy It Can Be
Starting an Online Business can open up some amazing possibilities if your looking to Start A Business From Home or even create an Income From Home
The Internet offers some incredible resources and ways to learn how to start an online business. It also has the power to reach millions of people at the click of a button, so what better way could there be than starting an online home based business?
Starting an online business similar to the ones we help people set up are relatively easy because we are obviously there to help people along the way.
However, it you are looking to start an online business that involves hiring a number of people or if your business quickly grows from the outset then there are a few more things you should consider from the outset..
With so many people now looking for ways on how to start an online business you need to be remember that it does require some time and effort to make it work. My Advice Is…
“Treat A Online Business Like A Business, And It Will Reward You Like One….. Treat It Like A Hobby And It Will Cost You Like One”.
The biggest mistake I see people make when they start an online business is that for whatever reason they think that it is a magical wand that will generate overnight riches and wealth for them… That said, starting an online business means all you in theory need is a computer / laptop or even a Smart Phone. It doesn’t matter where you live, what experience if any you may have or your age or gender. We have helped and continue to do so people from all over the world of all ages to start a successful online business.
The most successful way to learn how to start an online business is by discovering what and how other people do, which is why we love sharing with other people all that we know about starting an online business, because it creates a sense of achievement for us by allowing us to give back what others have taught us in the hope that people won’t make the mistakes we made when we started our online businesses.
How To Start An Online Business – Key Elements
Whether your new online business is purely about offering an online service, marketing online, or involves Direct Selling the following key elements will help you towards getting you started with your very own online home based business venture.
1. Open A Business Account For Your New Online Business
Having a business bank account instantly changes people perception and mindset towards their new business. In some ways it makes people feel proud. Make sure that you operate your account in a business like manner and be sure to keep your business banking separate from your personal banking to avoid getting in a mess.
2. Prepare A Business PLAN
I can’t stress enough how important this is if you are looking to make your online business succeed. Why…? Well, quite simply because you need to keep in control how, what and when you spend the money your new online home business makes. A business plan should therefore become the blueprint for your business enabling you to be able to refer to it, day in day out as you business develops.
The key is to identify several elements of your business that you need to focus on. Once you have these things clearly defined you can commit towards staying focused on those key points.. For example, If you find yourself in a place where you become confused and overwhelmed about what you should be doing, you can simply refer back to your business plan for guidance.
Putting together a business plan can sometimes be a little over powering. If it is, get some help. Two heads are better than one. Once you have prepared a business plan for your new venture , running a business will become a little easier to understand.
Some crucial points to consider when starting an online business:
- Allocated Your Monthly / Daily Marketing Budget
What ever budget you have to work with, write it down. Don’t exaggerate, if you have $200 a month, write it down. Be honest and work within the boundaries of that budget until you can increase it. Be sure not to destroy your business or your personal life by over spending.
- Your Customer / Market
There are several aspects to this, but the basics include basic keyword and demographic research to obtain a picture to who it is you intend to target as your customer. Once you established this, you will have created a sound marketing plan. Remember, you have to attract the right customers to make money in the first place.
- Goals and Time Scales
30 Days, 60 Days, 90 Days, 6 Months, 9 Months, 12 Months, 18 Months.
Setting time scales to reach business goals is always a good idea. It helps to motivate and create exciting targets for you to aim for.
3. Put A System In Place.
Without a system in place, your new online home business can easily get lost in the battle to succeed hence why it is a good idea to share your own ideas and goals with like minded people who not only can help and guide you in the right direction but also provide you with ways to ensure that your business succeeds as quickly as possible.
4. Create A Mission Statement
Keep it short, sweet and focused. A Mission Statement should be something that you can relay to someone in 2-3 simple sentences to explain exactly what it is you are going to accomplish. Write it as a bold passionate statement backed with unwavering belief what IT IS .
5. Set Your Hours Of Operation
Create a schedule. Then stick to it. Trust me on this one, I’m speaking from MANY YEARS OF EXPERIENCE. If you do not control your time everything else will. Make a schedule and do everything within your power to stick to it; … including when your business is closed.
Just like many other people, I have fallen prey to this ISSUE. I say issue because working from home can become just that … all work and no play. Before you know it you can find yourself clocked in working 18 hours a day. Although you may find your business interesting and exciting it can make you leave behind many other important factors in your life.
I have seen many people do this time and time again, so be sure to “clock out” when you’re scheduled to do so. STICK TO IT! If you are scheduled to quit working at 9pm on weekdays or spend exclusive time with your family on Saturdays – DO IT!
If you are supposed to work from 8pm -11pm and then Go To Bed at 11pm…. DO IT! Trust me this is so important. A business without time management is a business that will overpower your life and make it ugly!
6. Protect Your self With A Legal Entity
Such as an LLC, Limited Company or Sole Proprietor.* (optional)
I’m no expert on this subject but be sure to seek your own legal council on this matter to protect your personal assets from your business ones.
To some extent this step may depend on how seriously you view your business and how well you expect it to become. But make sure your new enterprise is fully legally protected at all times. You can obtain some great advice on these topics from any legal company that specializes in this field. Ensure you do your own due diligence on the topic.
7. Prepare Your Marketing Plan
Anyone who wants to learn how to start an online business must realize that it involves Marketing.
Now that you have your target market identified in your business plan, it’s time to create your plan of attack. Create a quick list of your strengths and weaknesses with regards to your marketing and promotional skills.
In other words are you a good writer or do you have copy writing experience for advertising, etc.?
Are you artistic, or good at graphic design such as WordPress or Photoshop?
Create 2 columns – 1 for what you are good at, 2 what you aren’t so good at. This will enable you to identify what you may be able to do yourself and what you’ll need to outsource to other people to increase your marketing strategies.
The most common marketing methods are:
- Articles, Press Releases, Forums, Blogging, PPC, Classified Ads, Subscriptions, Social Networking, Web 2.0 Publishing, Twitter, Facebook, Video, Podcasting
All of the above are examples are FREE methods of marketing although as time and profits permit you can start to outsource them.. I would highly recommend that you go through the list above and pick a couple that you feel comfortable doing. If you have no experience at all that then you need to educated yourself on how to market using the chosen topic or start outsourcing it if you can afford to do so.
8. Outsourcing……. But I can’t afford it!
Remember that BUSINESS PLAN and budget that I suggested you create a short time ago? Remember the list of strengths and weaknesses that I suggested you create? What do you think those were for? Well, now you know and realize how important they are.
You have set yourself an expenditure budget and you know what you can and can’t do. So now you have spend some of that money to enable others to help you get going. No good whining about it – just follow your planned out strategy and get it done. No if’s no but’s !
By now you should realise how important it is having a business plan and the benefits it has for your business. Avoid altering your ‘plan’ until you have tested it and have enough data available to analyze your findings.
Most online internet entrepreneurs have basic skills that more or less relate to being able to putting together blogs and videos to help them promote their business as well as using Twitter and Facebook.
Such a combination of basic skills can create an extremely powerful and profitable sales funnel. If you need to brush up on the technical aspects of either, there are a multitude of courses and free training available on the web.
9. Staying Focused
- Will organizing your desk move your business forward? NO
- Will checking email every hour move your business forward? NO
- Will losing $50 on your first PPC campaign move your business forward? YES
- Will writing a 400 word article and submitting it to article directories move your business forward? YES
The point I am trying to make here is to simply stay on track and stick to your plan – that’s what it’s for. Don’t deviate from it. You will more time than it is worth !
Don’t waste a weekend cleaning or setting up your office if you don’t need to. Remember, setting the foundations for your business is only a small part of the equation. You’ve got work to do, so get this part nailed down as quickly as possible then get to the business at hand … marketing, building your network and growing your business … i.e. Bring Home Some Pennies !
10. Your Visions And Dreams
This is extremely important.
It’s one of those things I see people spend a lot of time doing that in the end they end up wasting to much time doing it so I usually ask them to do it last of all. Some people say it should be done first and foremost.
It’s a bit like deciding what career path you want to take when you leave school. You decide and work at it until you get the qualifications needed. The same applies here. .
List all of the details and costs associated to create your VISION and DREAM LIFESTYLE. …
Make a list of everything you want to own or do within twelve months.
Be very specific …i.e
Don’t let your mind start to tell you “Oh I could Never Have That”. No matter what it is or how extreme write it down.
HERES AN EXAMPLE: ( it’s not unreal ! ) Lets’ say you strive for ….
Family Home by a lake – $110,000 per year
35 wooded acres with lake, access bordering national forest, private fishing, access to private runway, helicopter pad, 4 car garage with utility vehicle storage (jet skis, atvs, snowmobiles, boat), 4200 square foot home with rough sawn hardwood floors, 5 bathrooms, fully self sustained power grid (solar, wind, geo thermal), a large entertaining deck with gazebo and sunken jacuzzi, outdoor kitchen and entertaining area with stone fire pit, 4 – 2 bedroom guest cabins, large hydroponic-organic garden greenhouse, barn+stables, corral.
It may sound extreme, but it isn’t really…!
New BMW four wheel drive X5 3 year lease – $16,000 per year
White Diamond paint, Cashmere Perforated Leather, DVD high-fi entertainment system, power sunroof, remote start, high performance wheels and run flat tyres.
New Ford Jeep Pick up 3 year lease – $13000 per year
White Platinum Tri-Coat, Panoramic Roof, Dual-Headrest, DVD Entertainment System, Remote Start, Certified Audio System, Stone Premium Cashmere Leather-Trimmed Seats, 20″ Chrome-Aluminum Wheels, Air Con, Sat Nav and much more
2 months out of the year – $26,000 per year
14 days, once per quarter. Maybe a ski trip, a surf trip, a European trip and a random “surprise” family adventure.
Full Time Personal Assistant / Nanny – $35,000 per year.
Someone to run errands, laundry, dishes, tidy up the house, watch the kids, file this and that, etc.
Private school for the kids – $30,000 per year, Insurance (Health, Life, Business, etc.) – $14,000 per year
Now add all that up … The Total IS…… OMG !
$244,000 per year
Divide by 12 for monthly total = $20,333 per month
Divide by 365 for daily total = $668 per day
So now you can see how much money your business needs to generate per day to make that dream become real….
And Finally… How to Start An Online Business – Live, Learn And EARN!
This is by far the most important part so far to achieve the above
Donald Trump says “If you’re going to do something, why not do it BIG?” If you want to be a player, you’re got to think big before it’s too late.
Do whatever you have to do to build your new online business. If that means you come home at 5pm, do the family thing till 7:30pm, then work from 8pm to 2am, get up, go to work at 7am, then come home and do it all again and again and again….. then so be it.
To start off you’re either a major player or you’re just another lost newbee on the web.
If you invest 4 hours a week in your business (and it IS an investment), that’s what you’ll get out of it. If you put 20 hours per week into your business, that’s what you’ll get out of it. If you’re going to fall (believe me there may be times that you will ) make sure you fall forward… .
Always do the things that will move your business forward.
Put the time and effort at the very beginning making a great first impression on your business will work wonders. You’ll be glad you did...
Want To Learn More About Starting A Successful Home Based Business?
If you would like to learn how to start an online business then we would love to help you. Your chances of success dramatically increase when you work with, learn from and follow the advice we offer.
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