Archive for

Is Your Online Business Failing? What Is Your Business Strategy?

Having a business strategy plan or portfolio is essential to any business. A strategy is like a track to run on. If you have no strategy and just try to let it happen, it will happen alright, but not in a good way.

If you are failing in your business, that doesn’t mean you’re a failure. A failure is someone that gives up after facing a few obstacles. So refuse to give up and refuse to fail. Having an identified business strategy will help you avoid obstacles that may tempt you to give up.

What is a business strategy? A ‘business’ is defined as the buying and selling of goods and services. A ‘strategy’ is defined as a careful plan or method of achieving an end result. A ‘Portfolio’ is defined as a folder or book that holds your written plans. So basically your business strategy portfolio is your carefully defined written strategy for building your business.

Would you start a business without a business plan? Not if you needed start-up capital from a lending institution. They won’t lend a dime without a business plan. If you were to invest, say $1,000,000, into a brick and mortar business or franchise, would you have a carefully pre-defined plan as to how you were going to run and build that business? Of course you would, unless you just have millions to throw away.

So that begs the question. Why would or do most online marketers get into business without the first idea or clue as to how to build that business? Probably the reason they got into the online business in the first place was in pursuit of a dream. A dream of something better. A dream of more time, more money, more freedom.

If you have an online business, what is your job description? If you are in the business of internet marketing, your job description is to sale and promote your product. Plain and simple. You promote your product over and over to the best of your ability. You can do this multiple ways with different advertising methods. There are free methods, paid methods and social methods. You can even create an affiliate marketing program and get others to promote your product or products for a commission. Or, you can promote someone else’s product as an affiliate. But, in the end, you are in the business of internet marketing, the promotion and sale of a product.

How does a doctor get paid? By seeing patients right? How does a pilot get paid? By flying planes right? How does a barber get paid? By cutting hair right? The point is if you want to get paid in your business you have to take action. Pre-defined action with a plan.

If you are in the business of online network marketing do you want to get paid? Of course you do. So your job description is simple. You promote your product or service on a daily basis and teach others to do the same. Everything in your business plan as an online network marketer should revolve around that statement. Let me say it again. Your job description is ‘You talk to people everyday about your products or business opportunity and teach others to do the same’. How you talk to people everyday about your product or service will vary. But the end result is that if you don’t talk to people everyday about your product or opportunity daily your business will not grow and you will not get paid.

So if you are contemplating and online or offline business, develop your business strategy. Develop that strategy and commit it to writing. Refer to it often and make necessary changes when needed. But most importantly, when you face obstacles, don’t give up. Don’t ever give up.

Earn Income From Home With An Online Business

Financial freedom is something more and more entrepreneurs are looking for. The fact is that more people are turning away from being employed to being their own bosses to enjoy some financial freedom. This is not that hard to do considering that the internet has made things easier even for new businesses. Online businesses are easy to create and maintain and they offer great customer potential. This is because many people are online more during the day and this makes it possible for any business to be noticed as soon as it begins.

You can now earn income from home thanks to the possibilities of an online business. Online businesses have so much potential to thrive into successful ventures. You must, however ensure that you do everything right to increase the success rates of the business that you start.

What You Need

When starting an online business that is bound to be a success for you, you must know your product or services, establish your target audience and create a brand that you can keep up for the longest time. Remember that the brand that you begin with will be the brand that sets you apart from other businesses. This means that you need to be creative and confident from the very first step that you take in starting the business. It will make sure that you give your target audience a constant and consistent flow with the business at all times.

Coming up with business strategies is not easy, especially when dealing with an online business. You will need to find relevant online business information so that you make the right decisions from the initial stages of the business. The info will give you the insight that you need on the latest business trends and thus, will help you make it big in whatever you choose to do. It can be dangerous to venture into online business when you do not have any idea of how to handle your business matters. This business information is therefore very important.

You can use home business training programs. The program can be got from various online sources. This program will help you in making all the right turns for your business. Your program can tackle different sensitive issues of making the business a success. This includes strategies of attracting traffic to your site, how to come up with lucrative blogs, online marketing strategies and using social media for the benefit of your business among many others. It will all depend on the program that you choose and the kind of business that you intend to start and make a success.

The programs offer live training sessions and videos to make it easier for you to grasp the business strategies easier. They can be some of the most helpful online business tools that you can use. When you are armed with the most helpful business info and strategies, you are bound to earn income from home without the struggles and worries many business entrepreneurs have when starting out.

For Couples Running a Business Together: 7 Tips

Maybe you are thinking about starting a business with your spouse or maybe you are already running a business together, either way running a business is stressful.

Having a small business with your spouse is often a romantic conversation couples have when they are first falling in love. But the reality is that if you want to achieve business success together, then planning and learning to juggle your business and life is work.

Here are 7 tips to help you achieve success together:

1) Make sure you are on the same page: Most couples have figured out their strengths together. However, they may not have the same business acumen or no business skills at all. Learning to run a business together means both of you having the same basic business intelligence. This will help you both have discernment when making business decisions.

You don’t need to have an MBA from Wharton or Harvard, but strong basic business intelligence makes you stronger together and helps you grow your business together.

2) Be respectful and kind to each other: The minute emotional cruelty comes into your business environment, you will begin to have power struggle. Blaming, demeaning or disrespect of any kind lowers your partner’s enthusiasm as well as their creativity, productivity and willingness to work with you.

It also stops others from wanting to work in your business. If you want to keep your top talent, you must create a good working environment. Power Couples are respectful of their spouses and partners. You will become stronger together and more successful when you both really work at being respectful, supportive and kind to each other.

3) Don’t argue or make disagreements public: A public disagreement creates low productivity and office tension. There is a level of decorum that any successful business has as part of its best practices. The best companies have good working environments. When you argue at work, you create a hostile environment to work in. Your business will not grow in this environment. If you bring your disagreement public you lose the respect of the persons listening to you fight and complain.

Instead, have a place you can go to in order to work through a disagreement and have agreements about how you will treat each other at your place of business. Even if it is in your home office public disagreements creates low productivity.

4) Remember why you started a business together: This will be important when times are stressful. If you’re in the startup phase of your business, your life together will most likely be out of balance for a while and this can be stressful. However, just remember that you didn’t go into business to make your life worse.

You went into business so that you could have an overall better life but this happens over time, not overnight. It takes systems, planning and leadership over time and your business will help you both achieve success long-term.

5) Be prepared for the long haul: Don’t expect to be an overnight sensation. The “If you build it they will come,” is only for baseball in cornfields. Too often business opportunities are sold as get rich quick schemes, meaning a 1 to 2 year plan to become millionaires. Sure this could happen. However, it is not the standard. A very small percentage of couples are an overnight sensation in their business. If you expect this you will add unneeded stress on yourselves. Be prepared for the long haul and know that if you plan and are consistent over time, you can achieve success together.

6) Choose the final decision maker: If you are at odds on a decision, you need to know, ahead of time, which of you will get to make the final decision. If you don’t, you will have unnecessary arguing and keep going round and round on the topic. You will lose valuable time and lower productivity. Instead one of you must make a choice and get back to business.

As the decision maker, it will be important to take into consideration what your spouse has to say. If you don’t, you may have a resentful spouse on your hands. Before making your decision, sit with your spouse and say, “I have taken your position into consideration and I understand that you think or feel as if we should move in this direction. It’s been a tough decision for me because your points are valid, however, as the final decision maker, I am moving in this direction because I think it is our best course of action.”

You will become stronger together if you both understand ahead of time who will be the final decision maker.

7) Define your values: If you do not want to own a business that you do not align with, you need to state it up front. If you don’t want to have a liquor store or porn websites, make that known to your partner. It’s great if you have wonderful skill sets, but it’s empowering when you have great skill sets and a business that aligns with your values.

Running a business with your spouse can be stressful however, it can be rewarding in ways that most couples never get to experience. Just remember that if you apply these 7 tips, you can achieve success together.