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What You Need to Have to Start an Online Business

Have you been thinking about starting an online business for a while? And when you are about to start, you just find it challenge. If that is something you can relate to you, carry on reading, because in this article, I will share with you what you need to have and the why behind it, so you can start your online business, but most importantly I’ll provide you with several techniques to create and build it.

Let’s get started

What do you need to have to start your online business?

If you’re looking for a one word answer, it’s confidence. Confidence is having the faith or belief in someone or something. Building a business online isn’t rocket science, but it isn’t a walk in the park. There going times when you are going to come across challenges and obstacles, both internally and externally. If you do not have confidence that you will succeed, it’ll be an uphill battle and you’ll be prone to throw in the towel, when the going gets tough.

Confidence in starting an online business, requires you know exactly the reason or reasons, why you want to start an online business. What is your why? What personal goals do you want to achieve, as a result of starting your business. However most importantly, it has to be compelling enough for you, when the seeds of doubt set in and when you hit a roadblock or challenge.

Here are a few techniques you can use, to create and build confidence.

Affirmations

In the late 1800′s a French psychologist Emile Coue, had discovered the constant repetition of statements, positive or negative, had a profound effect on persons thoughts, feelings, actions and well-being. He achieved tremendous successes with his clients, when he taught them to repeat “every day in every way my life is getting better and better.”

Modern day personal development teachers and trainers who teach affirmations, teach their clients to state the outcome or result they want in a positive manner and in the present.

For example, “I am so happy and grateful now I easily radiate confidence”

Visualization

Visualization is the use of mental imagery to influence bodily processes, control pain or prepare for athletic or any kinds of performance. The success of visualizations is mainly due to the fact that they work like affirmations.

All you need to do is invoke the power of your imagination and visualize starting your business. You can picture in your mind running a successful business, the fruits of running a successful business. Imagining the ideal day or days, you will experience as a result of starting your business.

To aid and assist the visualization process, most people also create a vision board. A board that contains a collage of pictures of the outcome they will achieve or will inspire them.

Afformations

Are similar to affirmations, however instead of focusing on repeating a positive statement, you ask a positive question, starting with why.

“Why have I started a successful business?”

Noah St John, discovered the concept of Afformations, when he start off, asking a question with why. Which lead him to discover that, when you ask yourself why questions, your brain goes off finding answers to support the question.

Top 10 Business Tips For Newbies

1. Love What You Do

It’s a good idea to select an area which you already have an interest in, for a number of reasons. You already have some knowledge and expertise in this area which is invaluable and you won’t necessarily be starting from scratch. If you chose an area which is already of interest to you it won’t necessarily feel like work, especially when the going gets tough. No matter which area you chose you will undoubtedly have rough patches, when this happens you are much more likely to persevere because you have an attachment, a vested interest and a passion. If you have no interest you’ll be much more likely to throw in the towel at the first sign of trouble.

2. Prepare a Business Plan

A business plan is not just something which you need to prepare to show to banks for a loan or to investors. A business plan is necessary and useful as it also serves as a guide to operate by. It’s a great way to set goals, measure progress and achievements and keeps you on track with spending. Keep yourself organised and create a folder on your computer where keep your business plan and other relevant documents that you’ll be using regularly, such as an invoice template or your sales documents.

3. Set Realistic Expectations

Don’t expect miracles over night. Searching the internet you’ll find thousands of people claiming to have generated millions over night with one scam or another. Genuine business ventures take time, care and persistent. There is no such thing as easy money or money for nothing, cliche but true, if it were that easy everyone would be doing it. Know that there will be obstacles and difficulties to overcome from the start.

4. Just Do It

The best way to gain knowledge and learn, is by doing. You can read all the books, take all the courses, study and research for years but until you take that first step you’ll never actually know. It’s like learning to drive, you have an instructor by your side in every single lesson with their safety pedals as a back up. You learn all the technicalities of driving but the real learning only starts when you venture out onto the road by yourself. Nothing and no one can prepare you for every eventuality. Research and educate yourself in your chosen field by all means but there will never be a right time to jump in. Even if you take a very small step into your venture, the sooner you get started the sooner you’ll be on your way.

5. Ask yourself Why

Work out why you want to go into business for yourself. You need to have a good list of all the why’s before you get started. This exercise can also be used as your goal indicator. If you’re looking to have more time for yourself for instance, your business venture could take up to a year if not more before you can get a little time for yourself and your family and if that is your main focus you may get disheartened as you begin to build your business, when you realise your free time is not only limited but you have a lot less of it. Starting a new business is not your typical 9-5, it’s more of a start when you wake, finish when your head hits the pillow. If you prepare yourself for this, it won’t be such a shock to the system.

6. Budget and Finance

Looking to set up a business with very little start-up costs isn’t too difficult in this day and age especially on the internet. You may be looking at setting up an online business and the costs of a website are little and nothing but once you have your website, whether you’re selling products or providing a service you need to advertise and whilst your initial outlay may be minimal you have to be prepared to continue this for the life of your business. Will you require help to run things? Do you have marketing skills? Learning about marketing is going to be a fundamental part of your business growth, you can hire someone but if this puts a strain on your budget you may want to look into learning a few key tips yourself.

7. Building your Network

Networking is crucial in business whether online or in person. Every contact is either a potential customer, or may be someone who has advice or inspiration for you. You’ll be surprised by the amount of successful business owners and entrepreneurs who are ready to impart valuable advice and tips and can point you in the right direction for all sorts of services. There are a whole treasure trove of supportive business owners online, you can read blogs, ask questions in forums etc and its all for free.

8. Learning to Adapt

Ensure that you set a realistic budget for everything from your internet connection down to stock or billable hours. Every single penny counts. There’s no point in spending thousands on advertising if you’re not seeing a return, you may have to go back to the planning stages. This is all part of your learning, so test out strategies and don’t be afraid to adapt to the climate. There are all sorts of things that can impact a businesses growth and income and if your business is not responsive to the market or technology for instance this may cost you dearly.

9. Focus

It’s very easy to be side-tracked, there are so many ideas and new ventures out there, so focusing on the goals you first laid out in your business plan are crucial. Focus on one task at a time. You can always make notes for ideas and projects you’d like to take up in the future but remain focused, otherwise you may fall foul of procrastination, looking at lots of different ideas and at the end of the day find you haven’t achieved anything or actually done any work.

10. Believe in yourself

Self-Belief goes a long way, this is not whimsical advice this is fact, if you don’t believe in yourself and your product or service then you cannot expect anyone else to. It may seem difficult especially when starting out but you have to learn to believe in yourself, this will impact every aspect of your business, from creating your Business plan right down to networking. If you don’t believe what you’re doing this will show in everything you do.

If you believe it, you can Achieve it!

Good Luck!

How Much Time Do I Need To Start an Internet Marketing Business?

If you are new to internet marketing, or are on the verge of starting an internet marketing business, you are more than likely at the stage of wondering how much time you need to allocate to start and run your internet marketing business. Especially if you are in full time job or have a busy schedule, if that is the case with you, then you will find this article beneficial.

Despite what the gurus or internet marketing teachers, teach and preach there is no, one size fits all answer to this question. Some gurus say, all you need is an hour a day. While others structure their training in such a way, that you’ve got to be working on your business 8 hours a day. However the truth of the matter all boils down to you.

The amount of time you should allocate to start an internet marketing business is the amount of time you can devote to it. Think about this, if I said one hour and left it at that, you will devote only that hour. More than likely you’ll work on it for an hour and think, I’ve done my hour a day and I’m finished for the day. As I say that, I’m not saying there’s no way you can start and run a business in an hour a day. Especially when there are people out there like Timothy Ferriss, who run their business working four hours a week, and he’s written a book on it, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich, which has sold over a million copies world wide.

Right now, what you really need to do, is to identify how much time you can devote to your business. You really need to take a look at how you are currently spending your time, what activities you are participating on a daily basis. For the next 3 to 4 days, keep a record of how you spend your time, from the moment you wake up to the moment you sleep. When you do that, you will find that there are activities you do that, you must do or you do for the sake of it and there’s going to be some activities you can either get someone else to do or choose not to do.

The more time you have to work on your business, is going to be beneficial to you in the long run. There’s only one caveat to that, when you are working on your business you are totally focused on it, free from distractions. When you’re working on your business, you should be working on it, not surfing around or checking your emails needless and getting distracted.

For that level of dedication, commitment and focus, there are couple of things you must be completely clear on, your purpose or reasons for starting an internet marketing business, what you expect from it and have a plan of action. If either of them are weak or not compelling enough for you, you could find yourself throwing in the towel, once you’ve come across a challenge or obstacle.