How To Make a Successful Online Business In Space Of One Year. Are you struggling to try to build a strong growing business. I have been there before so it not a new thing is what happens to everyone for the first time all you have to find your way around it. Read More…
It is relatively easy to start an online business. But if you don’t approach this in the right way you will never be successful. Many people that start an online business give up on it in a very short time. We do not want you to do the same.
In this exciting post, we will identify the 7 mistakes that you need to avoid with your online business. When you avoid these mistakes you will have a much greater chance of making your online business a success.
How many people that start an online business do you think create a plan for their business? The answer is very few. Nobody knows how many online businesses fail every year but it will be a lot. Most new online business owners do not set goals or create any kind of plan. They are then surprised when it all fails.
If you are going to start an online business then set a goal for it. The easiest goal to set is a financial goal. Think about how much you want your online business to generate in the first 12 months and then turn that into your financial goal.
You are probably starting an online business because you believe that it can provide you with the freedom that you crave.
This is fine and a successful online business can provide you with freedom. No more working a dead end job and commuting for hours.
Your online business has the potential to make you a lot of money. The only thing standing in the way is you. So use the SMART goal setting process to set your goals. If you are not familiar with this process here is what it means:
Specific – your goal must be specific e.g. my online business will generate $100,000 in the next year
Measurable – you must be able to measure how you are progressing with your goal. Fortunately there are a lot of tools available to measure the success of your online business
Achievable – forget the hype here. It is extremely unlikely that you will make a million dollars in your first year. Not impossible though
Realistic – think about the time that you have available and other resources such as money
Timed – you must add a time to your goal such as 1 year. Open ended goals are useless
How To Make a Successful Online Business In Space Of One Year
Table of Contents
Making a successful online business is first dealing with the mistakes and learning from other falling online business out there. the major thing here is finding those mistakes and putting rights to them.
READ ALSO: How to start up an online advertising
but for the sake of this post have been able to put together common mistakes we all make before starting the journey of our online business.
but I will be listing down the mistakes we should all look out there before we think of starting an online business:
1 Not Having A Goal
After you have set your goal you need to create a plan to achieve it. What you want to end up with is a daily set of tasks that you can work on to move you closer to your goal. So think about the macro tasks of your plan and then break these down into daily micro tasks.
A simple plan would be:
Decide on the niche and online business model Setup website and Add content Find offers to promote Promote
Of course these are high level activities and there would be sub tasks involved to achieve them. You can start today by deciding on the niche that you want to enter for example. Write your goals and plans down and carry them with you wherever you go.
2 Not Choosing The Right Niche
You need to carefully consider the niche that you choose for your online business. If you get this wrong then you can spend a great deal of time, effort and money and not get much in return. There are thousands of niches but not all of them are a good fit for an online business.
In a lot of guides about setting up an online business they will tell you to follow your passions. There is good intention behind this. If you start an online business with a niche that you are passionate about then you will be more motivated to make it work.
That is all very well if the niche you are passionate about has the potential to make you a lot of money. You may well be passionate about sheep shearing in the Outback, but how many other people are going to be?
There are two things that you need to look for when choosing a niche: Is there demand? Is there money in the niche?
If the answer to either of these questions is “no” then you need to find another niche.
You can check the demand for a niche by using the free Google Keyword Planner. Just enter in some seed keywords that relate to your niche e.g. “drone photography” and see how many searches this and similar terms receive each month. The higher the number of searches the better.
To see if there is money in the niche use a seed keyword and perform a search in Google. Are there a lot of ads on the first page of the search results? If there are then this is a good indicator that there is money to be made.
You can also use a website called OfferVault.com and search for available offers using your seed keyword. If there are a lot then you are probably on a winner. There are some niches where you just know there will be a ton of demand and many opportunities to make money. In our opinion the top 3 are:
Health and fitness – weight loss etc
Wealth creation – make money online, investing etc
Personal development – better relationships, meeting boys/girls, self improvement etc
wow this is mind blowing knowing this so far you can be on 88 percent to your online success starting up as a beginner i will advice you get any of this niches listed above to start and find lot of good keywords around them.
However, I will highly recommend you looking at the 7 Mistakes To Avoid If You Want a Successful Online Business there are lot to building a online business but reading this have already done the great work of actually starting a online business if you missed out check above.
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