I have just learnt, the hard way, the most important factor to running an online business. This is to concentrate on just one project at a time and not to let yourself get side-tracked. You see, for the past two months I have been learning front page and setting up another website when I should have been putting that effort into my virtual affiliate trainer project.
The time I spent on my new website could have been used getting virtual affiliate trainer running smoothly. I could of then made enough money to pay someone else to do the hard work for me, which should be one of your goals if you’re serious about making money online.
Even through learning front page is going to make my work easier in the long run and having another website will supply me with another income stream. This does not really matter when virtual affiliate marketing will be supplying my main income. When working on a project you should try to give it your full attention until it is at the stage when it’s either running itself or you only have to spend a couple of hours a week on it.
Learn from my mistake; if you are starting out on an internet venture don’t let yourself get districted from your project. Stop reading emails, stop buying products, stop reading sales letters, stop listening to new ideas and if you come up with a new idea write the details down for a later date. The most important thing to remember is to plan what you are doing and keep to that plan.
While I am cleaning out the closet I through I might cover another one of the mistakes people make when starting an online business, which is learning to much. Yes learning to much, what a lot of people do is spend all their time taking in as much information on a subject as they can but they never get going with their online project due to this. You need to get your ideas and plans sorted, then get your head down and get cracking. Below is an interesting article I found relating to this:
Reverse The Flow For Profits
Information comes to you in multiple formats. You’re listening to teleseminars, replays, watching webinars, reading email, ebooks and articles. There is rarely a moment when you are not consuming some type of information.
Information coming in is great when you are just starting. All of us have had the experience of getting excited about a new topic - then consuming everything we can get our hands on new puppy, your new car or your new computer. Regardless of the topic, you recognize the symptoms - insatiable curiosity and appetite for information.
The problem with that behavior comes when you don’t step out of the learning mode into the action mode. You see the symptoms in every area of interest - someone becomes a Learner - but never seems to take action. Particularly in money-making endeavors like real-estate investing, business opportunities and making money online, this is a self-defeating pattern seen in a lot of frustrated would-be entrepreneurs.
So what is the cause of this problem - which someone continues to learn but never earns? In fact, it seems that the longer they are in a topic, the less action they take.
Their information pipeline is full. And until they can clean it out and “reverse the flow” they are stuck.
Your information pipe is a certain size. When you first start learning a topic, new information is flowing in. But it doesn’t fill the pipe, so you still have some information trickling out in the form of action.
But when your actions don’t yield the results you want as soon as you like, you go looking for more information. The cycle repeats until your pipeline is so full of incoming information - that there is no space for outgoing information.
The best thing you can do is stop the input! Stop reading emails, stop buying products, stop reading sales letters, stop listening to new ideas - just until you reverse the flow. You cannot move forward until you have stopped the influx of new information.
Once you have stopped the flow inward, start the outward flow. Write an article. Write a blog post. Post to a forum. Answer a question. Get into the habit of sharing *your* information with others. The information doesn’t have to be perfect - it just needs to be outgoing information.
When you begin to practice flowing information out, you will be amazed at the results. You’ll get more traffic to your website, generate more leads, and find people who want to do business with you. You’ll start to make money.
The key to this process is to step out of your comfort zone. You are comfortable learning and absorbing information because you’ve been conditioned for years to be a good student. You’re in the learning zone.
But no one pays you to learn. No one pays you for being a walking encyclopedia of knowledge on a topic. It’s only when you begin to share your knowledge that you get the recognition you deserve - and the money along with it.
Clean out your Information Pipeline and watch the profits flow.
About The Author
Dr. Jeanette Cates is an Internet strategist who works with new and intermediate online business owners who are ready to create Online Success.
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