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
Starting an online businesswww.9mistakes-online.com
About the Author
Author, "9 Deadly Mistakes To Avoid When Starting An Online Business"
Publisher, "Starting Smart!" e-zine
Starting an online business
www.9mistakes-online.com