Friday, April 20, 2012

Your Online Business: How to Succeed in the New Year

Chances are you did what most Americans did at the beginning of this year: you created a "New Year's Resolution." And, chances are, at least one of your resolutions had to do with some aspect of your financial life. At the end of last year, you vowed that this was the year that you were finally going to pay off your credit cards entirely or eliminate your student loans. You have decided that this is the year that you are going to find a way to make more money in order to save for that down payment on your house, plan for retirement, or begin your child's college fund.
And, sadly, chances are you have faltered in your fidelity to these new resolutions.
In order to find success in your internet or online business in the New Year, you are going to have to stick to the resolutions that you made not too long ago. Sure, there will be challenges that stand in your way and obstacles that appear out of nowhere. But, if you make a commitment to developing your own unique strategy to make money online, you will begin to see the fruits of your labor in a few short months.
Millions of Americans are currently finding themselves in a period of unemployment, while untold millions of others are finding themselves under-employed (i.e. making less than they previously have or not making enough to cover their monthly expenses). While millions of others remain in their jobs, but are too terrified to make the necessary career transition out of fear of the uncertain economic future.
Regardless of what group you find yourself in, keep in mind that you can use your experiences to become an entrepreneur. If you are employed, unemployed, or underemployed, you really have nothing to lose if you can create a sideline, part-time, or full-time business that will utilize one of your many skills and talents. Seriously, this can be anything from computer programming, to babysitting, to addressing wedding invitations (if you have the handwriting for it). Just make sure you don't invest too much seed money to get this off the ground.
Dave Ramsey, one of the popular personal finance gurus, has a saying that has become a personal mantra and I want to share it with you. "The difference between a dream and a goal," he says, "is a plan." Dreamers have wonderful, passionate, and grandiose ideas. However, far too often, dreamers sit idly by and succumb to one fatal mistake. They never created a successful strategy to get them from Point A to Point B and beyond.
If you want to create a successful online business, you have to create a successful business strategy. You need to take into account how you are going to market your idea and exactly what your beginning revenue stream is going to look like. How long will you take to develop your idea? When are you going to launch phase one, phase two, etc? Every online business plan is going to be unique, but you are going to have to figure out what yours is going to look like. And, more importantly, pay attention to how you are going to implement your plan.
These have been difficult times, but it is important to stay positive and stay focused in order for you to succeed this year. Succumbing to the doom-and-gloom that surrounds you will definitely have an impact on your business's bottom line. Keep in mind that just because news outlets and talking heads discuss a "bleak economic" outlook, it does not mean that you have to be included in that group. Remember, even during the Great Depression, the vast majority of people were still employed and still making money. You can utilize your energy to develop and grow an online business!
Are you curious about the steps you need to take to develop your internet business?
Jay Monroe is passionate about people making money online by creating smart passive income streams. Learn the necessary tools for your financial success at
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