The One BIG Lesson I Learned About Building a Successful Online Business After 7 Years PLUS Online!

Do you love football, (soccer if you prefer that)?

You do, right? So do I!

Now, one thing I’ve noticed whenever any team is playing is how nearly everyone who is watching the game is an ‘expert’. One common thing you’ll notice with these people, whether they are watching the game in the stadium or at home via their television sets, is the ‘expert’ tips and ‘technical’ advise they ditch out.

Whenever a player make a wrong move on the field of play resulting in some missed chances, these ‘unofficial coaches’ would say all sort of unprintable words. Most times they dish out instructions of what players should or should not do.

In fact, the way most of these self assumed experts carry themselves while watching the players struggling to make good their act, you’d think they will perform wonders if they are given the opportunity to be in the field of play. But give it a try and you would only regret the result!

Succeeding online and playing football

Now, I know you’d be wondering what has the Web Income Journal has to do with football game. No, my concern here is not about playing football but about the attitude of many who want to make money online.

You see, the fact is when you are on the outside you could easily fall for the notion that building a successful online business is an easy thing. This is why many of us were pulled in by the smooth talk of online marketers who presented making money online as something you can achieve simply by putting up a website or blog.

But all that was only a DREAM!

I’m being honestly frank here!

If you have been online long enough then you would agree that internet marketing is not about working in your pajamas, even when you could choose to do so. It’s also not about loafing it out at the beach with your lap while the money roll in!

One thing you must understand is that those figures that’s being flashed at you in those sales letters are results of long and tedious days and nights of toil and sweat. Sometimes, even years.

So, if you desire success online you should be ready to put the investment of time and effort.  Never think success online come simply by sheer luck. You don’t just casually ease into earning millions on the net.

As I mentioned a few days ago, the Web Income Journal blog, as it’s today, will be 7years in a few days time. In this post I want to share with you the essential ingredient I’ve found to be a must-have if you want to build a successful online business.

Online Business Success

I must say that of all that’s required to make a success of your online dream, this top the list…

Alright, let’s get it on…

The Essential Ingredient for a Successful Online Business

Have a Right and Healthy Mindset

As I’ve mentioned earlier, many of us started online with a wrong mindset. We had some funny ideas about making money online. But I can tell you today that was really FAULTY foundation. I’m only here today because I jettisoned that mindset after I realized the problem with it. And, I’m grateful I did else I would have packed up my acts a long time ago!

One thing I can say is that over the years there are many bloggers that have interacted with this blog at one time or the other. Over time I have discovered that many of these blogs have dropped out of the blogosphere. Many of these blogs had an “appearance of success” when they were up. But as you’ll agree with me, you don’t ditch a winning team, or do you?

I dare say that of the many that are dropping out of sight, most got it wrong somewhere. And, in most cases a wrong mindset is the culprit!

Now I must say I may not have the qualifications to make such a grave statement but after about 7+ years of being online, a period within which I have tried my hands in different online business models – niche sites, affiliate marketing, bum marketing, article marketing, blogging and even Kindle self-publishing, I think I can read the handwriting on the wall whenever I see one!

So my intention in this post is not to sound pompous but to help you see the truth so that you can achieve your dreams online. If you truly want to escape being one of the dotcom failures, work on your mindset. Period!

Online success strategy

Wondering what really is the right and healthy mindset for succeeding online?

To help you understand this let’s look at it in the areas of what it IS and what it is NOT.

What it IS:

1.  A right and healthy mindset IS the willingness to work as hard and as long as is necessary to achieve the goals that YOU have set.

2.  A right and healthy mindset IS the willingness to take the time to make a good, solid business plan that is based upon sound business principles.

And what it is NOT:

1.  A right and healthy mindset is NOT the belief that success will be easy, quick or painless.

2.  A right and healthy mindset is NOT just jumping in feet first and hoping for the best. The best that can happen under those circumstances is that you’d get out with nothing more than two cents to your name.

From the above you’d understand that those who believe that they can build a successful internet based business without putting in the required time or effort are simply doomed to failure from the very start.

I’m sure you don’t want to set up your online business to self-destruct!

Again from what is presented as the right and healthy mindset, you will notice that there’s the need for setting goals and making a business plan based on sound business principles. This is because building a business online is pretty much the same as building a business off-line, with a little difference in approach. It is important therefore that if you lack any knowledge in the area of your business focus, never hesitate to get it whatever the cost.

Of course, a right and healthy mind set may not automatically guarantee success online but note this very carefully, a wrong and unhealthy or unrealistic mindset will most assuredly, as the day follows the night, guarantee failure! So get the right mindset because this the first cornerstone that must be laid if a successful online business is to be built.

I’ll love to hear your thoughts on this. Share with us in your comments below.

[NOTE: This post was actually done a few years ago but then it’s still ‘fresh’ and to the point for a 7 year anniversary post. And so, I simply ‘brushed’ it up a little. Do enjoy!]

Starting Your Own Successful Online Business: Here’s What You Need

In these days of the internet, starting and running your own business is not something that you need to really sweat over. With a computer and internet connection you could be in business in a matter of hours. However, many who go this way soon find themselves in a situation they never bargained for.

The truth told is that starting and running an internet based business requires you putting few things in the right perspective. And the earlier you do this the better. In this post I want to draw your attention to some questions that will help you get your perspective right from the beginning. If you’re to win in this game then answering these questions ahead of time will greatly enhance your winning edge. Not to worry, the answers to these questions are right inside of you. What you need is sincere and honest answers to them.

Starting your own flourishing business

Question 1 – Are You truly Ready?

It’s not just enough to have the desire to start your own online business. There are a few preparation you need. You need to mentally prepare yourself. Running an online business is not in many cases different from running a brick and mortar business. Stepping out on your own as an entrepreneur is a great risk. Whatever your current status (an employee, student or whatever) you will need to prepare yourself for the switch over to being a boss. It’s important to note that you’re now going to be in control. You’ll be the one making decisions from now. Of course, it is this total control that actually drive many who take the plunge into starting their own business but it is also one of the elements that can drive new entrepreneurs crazy. So prepare yourself for there is a long list of decisions that need to be made.

Besides, you need to also prepared your family and friends for this switch in attitude. Surely your life is going to change drastically and that change can have a positive or negative impact on your family life and social interactions. As much as possible you need to get your family and friends in the right frame of mine as this will make things much easier if they are supportive of your efforts.

Question 2 – Where Is Your Niche?

Another question you’ll need to answer is whether you have identified your niche. It’s a confirmed fact that one of the reasons many online businesses fail is that they fail to focus on a target audience. You must understand that with the ease of starting a web based business has come the multiplicity of businesses all frantically seeking the attention of the cyber citizen. The wise choice for the wise online entrepreneur therefore is to effectively target your market by deciding on your niche right from the start.

Knowing your niche means you are better able to find, target, and maintain your customers as well as provide the best possible goods and services to that customer base. That focus is one of your best chances to not only survive but to thrive in this very competitive marketplace that is online.

Question 3 – What Is Your Plan Of Action?

Another key factor in the survival and ultimate success of your online business is how much planning you do before you open your business electronic doors. You need to decide if your business will be based solely on the internet or include some traditional models. Are you going to work full-time or part-time at your new business? Are you going to hire help or go solo? Have you written (or at least outlined) your business plan? Dreaming, thinking and planning can save you much trouble and waste later when things are hectic and problems strike. Planning can also help keep you focused and to balance your spending and time.

Question 4 – Who Are You Going To Call?

At some point, no matter how experienced a business person you are, you will need help. You will need support, advice, tools, or information — or all of the above. One of the beautiful, and most frightening, aspects of growth is that it can lead you to places you never imagined. No matter how much planning and experience you bring to your new position as CEO the unexpected will arise. How will you cope with this? It is important to recognize that no business is an island. It is not failure to seek help. Failure is when your business shuts down because you didn’t get the help you needed.

The best way to get timely help is to work on your support system while you work on building your business. That way you will already have a ready list of resources available that you can quickly tap into when emergencies strike. In today’s world there are many marvelous resources available to you no matter what your business model may be. These include:

1. Publications (newsletters, magazines, books)

2. People (professional advisors, mentors, teachers, consultants)

3. Networks (organizations and forums in your niche as well as general business and marketing)

4. Education and training (tutorials, courses, and seminars)

If you’ll get these questions out of the way from the beginning, setting up and running your online business could turn out to be really fun and an enjoyable thing.

As much as these questions may seem basic it’s rather unfortunate that many people never care to answer them before plunging into that dream business. And the result? They soon learn that it isn’t just a dream running a business.

So ask yourself right now have you taken care of these questions or are you still plodding on thinking things will just work out? This is business and it must be taken seriously.

As an online entrepreneur let us know if these issues make any meaning to you. Did you take care of these questions before starting out? Let’s hear you in the comments below.