Thursday, February 19, 2009

How to manage the Online Business

If you've just initiated your online business, and you are already at the stage of thinking you are heading no where and about to give up, think again, is this how you do manage your online business?

Let's look at how people would manage a normal offline business the common way, let's say you love coffee and you have decided to open a coffee shop, and what would be your first step? Planning? Researching? Looking for a shop and so on right? That is all part of your first step.

Now that you have planned, researched and found a location, you spent $150k on making your dreams come true, business did not go on as well as you thought after a month, what would you do now? Simply close the door? No, not after all the planning and effort you've put in, at least that is not what a strong mind would consider for a second.

Now apply this to your online business, yes, online business does require a lower cost but it does need the same amount if not more effort to make it happen, now just because it requires a lower if not no cost to start an online business doesn't make any different to an offline business, look at it this way, if it requires low or no cost for an online business, isn't that more reason to why your should put in more effort to build an empire online?

Newbies listen to me, I've been through the stage your in at the moment, getting frustrated because I was heading no where, no guidance and hitting the wall on almost everything I tried, but I did not give up because I know for a fact, if someone can do it, I can do it.

Now that you have understood no matter you are working on a business on or offline it works the same way, dedication and the spirit of never giving up, so now back to the very basics - Research on the business you are interested in, write down a business plan and stick to it then find your "location" online, which means your market online, what type of people are you targeting for your product, once you have done all that, you will learn the rest as you go.

So Internet marketing newbies, ask yourselves again, how do you manage your online business? Do you want it to be successful or do you want it to fail? Its entirely up to you.

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