Tuesday, October 27, 2015

Forward Thinking Will Make You More Money!

Before  you  get  started  on  your  online  business  it’s  helpful  to  sit  back  and consider what exactly you want to achieve, and why.  A bit of foresight can save you a lot of time, effort and money further down the track.

It’s wise not to rush in eager without some form of preparation. Instead position and plan your business from the very beginning.

Most people don’t do this; and then, most fail. Be honest with yourself and your goals. What  would  you  really  like  to  achieve? What  outcome  would  you  like  your business to have? There’s no pressure to create the next Google.


Would you like to own a small business? Perhaps you want to keep your day job, but earn some extra money on the side. If so how much profit will your business need to make?

Maybe you would like to create a quick flood of money and then move on to a new business? When you take time out to set yourself up for success and long-term profit, you can plan what to do in your business to ensure that happens.

The ideal position to be in, is where your product holds authority over your niche—where you lead in one powerful aspect, where no one else can threaten or touch you.

As  well  as  setting  yourself  up  for  profit  you  have  to  be  aware  of  your weaknesses. What are the main challenges that will impact your profitability and your journey getting there?

For many internet marketers it may be a fear your website simply disappears into Google’s ‘sandbox’. Is Google the main barrier to your business succeeding or not?

If so, what will you do to minimize the risk of this happening, and what are you doing to prevent this being the death of your project if it were to happen? Some things  may  be  beyond  your  control,  but  planning  for  alternative  solutions  is not.

Is There Demand for Your Product?

Demand is needed for the success of any business. Without demand for your product,  your  business  will  never  get  off  the  ground.  Unless  of  course  you can  create  demand,  but  this  is  not  for  the  light  hearted,  nor  advised  for  the beginner.

For  example  if  you  sell  food,  people  need  to  eat. That  said,  a  lot  of  food  is luxurious and not strictly needed, so it becomes a want. And it is often food that is ‘wanted’ that sells better than food that is ‘needed’.

Using  Mark  Joyner’s  analogy…  if  you  find  a  thirsty  crowd,  you’ll  instantly have customers if you sell them water. If you‘re the only person selling water, you don’t need to create a sales letter. They’ll buy from you the moment they know you have what they want. This makes business a whole lot easier!

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