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The 7 Key Elements of a Successful Online Business Plan

The vast majority of online business initiatives will fail. But this failure culminates from certain distinct elements that are not adhered too. Instituting an online business encompasses the precise principles embedded in starting a traditional “Brick and Mortar” business. It is ignorance of these business principles that forms the primary catalyst that drives online businesses to the ground. Possessing the appropriate knowledge is the first tool in one’s armoury that will catapult one’s online business toward success.

4 Critical Errors That Will Ruin Your Online Business



There is a fundamental rule that governs each of our lives, and that rule says, “You move toward the direction of your most predominant thoughts”. If our most productive hours are channelled in the direction of our job, then our thoughts will be ruled by our job. Our focus and energy will be consumed by our employment. The resultant effect is that one will neglect one’s business, which will correlate to gradual and even instant business failure.
 


Make Your Content PREsellHow to Create Residual Income Business


I'm a real person offering real advice on how you can really create residual income business working from home and make a good living. What I am offering is everything you need to create residual income business to start making money working from the comfort of your home chair.





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The 7 Key Elements of a Successful Online Business Plan

 This guest post is by Alex Papa of BusinessOpportunitiesExpo.com

The vast majority of online business initiatives will fail. But this failure culminates from certain distinct elements that are not adhered too. Instituting an online business encompasses the precise principles embedded in starting a traditional “Brick and Mortar” business. It is ignorance of these business principles that forms the primary catalyst that drives online businesses to the ground. Possessing the appropriate knowledge is the first tool in one’s armoury that will catapult one’s online business toward success.

The vital characteristic incorporated in every successful online business is the presence of a clear and concise plan. Formulating a solid business plan lays the foundation of a business, and neglecting to do so is the root cause of business failure.

A business plan should be structured to incorporate your own vision and mission of the business. Without that vision your internet business is lost! Clearly defined objectives should be established on how the business intends to realize its overall vision. Setting short, medium, and long-term goals is imperative, and it paves a focused path for the business.

A general business plan for an online venture should include the following 7 parts:

• Mission: Establishes your goal and what you want to achieve by starting an online business.

• General business description: Highlights the overall nature of your online business. In this part you need to decide if your online business will be an eCommerce website, an eBay store, an Affiliate business, a physical or digital product business.

• Products and/or services: Describes the products/services you promote, and their respective advantages. In this part you need to clarify your offer and how it fits into a niche market.

• Marketing plan: Involves the analysis of the target market, and the marketing strategy to be utilized. In this part you clarify what promotional means you will use to drive traffic to your website. Traffic means include: Paid traffic from Adwords, Organic traffic from Search Engine Optimisation, Social Media traffic from tools like YouTube, Twitter or Facebook, Viral Marketing traffic from eBooks and Article traffic from article directories or blogs. To start with, you need to choose and focus on one plan only. Each method is an art of its own and it takes time and effort to master it.

• Management plan: Determines how you will delegate tasks and how you will manage your resources. It may take you a long time to succeed if you do everything on your own.

• Operating plan: Highlights how day-to-day business activities will be undertaken. In this part you decide what you will do every day and how this aligns with the goals of your business.

• Financial plan: Establishes how you are going to fund your Marketing plan and how many hours you need to put in it. It covers aspects dealing with budgets, return on investment, and cost of resources.

Most people underestimate the amount of time they need to sacrifice in setting-up a successful online business. Formulating a clear and concise plan is time sensitive, but the investment will reap tremendous future rewards.


"Alex Papa is an internet entrepreneur who owns several online businesses. He blogs for BusinessOpportunitiesExpo.com where he offers a  Business Start-Up CD Course. In his blog you can also find the latest Norton 360 discount coupon codes."


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This post was written by a guest. Please see his details above. If you'd like to write a guest post for Work at Home Start Up Guide check out our Rules and Guidelines for details about how YOU can share your tips with our readers.

4 Critical Errors That Will Ruin Your Online Business

1. Failure to Place one’s Online Business Above one’s Job

 There is a fundamental rule that governs each of our lives, and that rule says, “You move toward the direction of your most predominant thoughts”. If our most productive hours are channelled in the direction of our job, then our thoughts will be ruled by our job. Our focus and energy will be consumed by our employment. The resultant effect is that one will neglect one’s business, which will correlate to gradual and even instant business failure.

 Consider this: If you were running an offline business, would any potential partner or investor fathom investing in your business if you operated your business part-time? Certainly not!

 A business that is inconsequential to you will evaporate at a rapid rate. A distinguished businessman once said, “As a new start-up you need to mind your own business and not other people’s businesses. When you start your own business it is better to work part-time for others and full-time for you, than to work full-time for others and only part-time for you”.

 A business degree will not impart such profound wisdom; as advice of this nature is derived from experience. The mindset of an Entrepreneur should transcend the programmed minds of everyday workers who grind 24/7 for their employers.

2. Failure to Prioritize

 Time waits for no man! An hour lost today can never be redeemed. The time one has at their disposal should be utilized efficiently and effectively. The opportunity cost of engaging in unproductive activities equates to potential business failure. The online industry is competitive, and your competitors are constantly seeking alternatives to grow their market share.

 If you are wasting time watching television, chatting on Skype, or constantly leaving messages on Facebook, then you are opening the door for your competitors to expand their market share. Adhering to one’s daily operational plan is imperative; time-wasting activities and even people who waste your time should be completely avoided. Prioritizing demands discipline!

3. Failure to be Realistic

 Most internet marketers expect to attain financial freedom within a month. In this regard it is pertinent to set pragmatic targets. The majority of offline businesses do not yield positive cash-flow in the first few months, and it would be unrealistic to expect a contrasting outcome in any online business venture.

 People who have achieved wealth online did so after many months or years of consistent effort. Instant financial success is usually short-lived. Sustainable success is a gradual process realized over time. It takes time to build a sizable list of customers, it takes time to develop profitable joint venture partnerships, it takes time to optimise a website, it takes time to get quality organic traffic, and it takes time to develop credibility in your sphere of business.

 A successful business is moulded in the form of a triumphant athlete; and no athlete rises to the ranks of champion in 30 days.

4. Failure to Maintain Enthusiasm
 An optimist is assured he will succeed, but the pessimist awaits failure. Instilling the attitude of a winner within oneself will breed a lifestyle of success. Establishing an online business presents an array of obstacles, and adversity is a reality for every online business owner. It is the positive mindset of an individual that will carry him through the trials, and motivate him in despair. By maintaining your enthusiasm, you will overcome most challenges.

 Initially it will be wise to set relatively mediocre financial goals in your internet business that will be easily attained. You can set a benchmark of $100. Once you’ve achieved your goal, reward yourself adequately. Thereafter you can raise the benchmark incrementally. By following this process you are effectively conditioning yourself to consistently meet your targets.

"Alex Papa often speaks in seminars around the world showing people how to find new business ideas that will help them live the lifestyle they desire. He has been an investor and internet entrepreneur for over 8 years. In his blog you will also find the Norton Symantec coupon."

How to Create Residual Income Business

Make Your Content PREsell I'm a real person offering real advice on how you can really create residual income business working from home and make a good living. What I am offering is everything you need to create residual income business to start making money working from the comfort of your home chair.

I’m talking about honest business, legitimate and credible, offering valuable products and services. No one wants to invest money or time and energy into something that will not work or "scams" someone else.

You will not get rich quick and beware of programs of this nature. To create residual income business and make a small fortune is simple but it's not easy.

True passive income is a long-term, thought provoking process. You need to work hard to establish your customers’ base and create an automatic marketing system. When everything is set up, it will begin working 24/7 and making you money even when you are asleep. This is the ultimate goal for anyone wanting to create residual income business to live the lifestyle one chooses.

Why Most of Affiliates Fail in Creating Residual Income Business?

99% of affiliates fail just because they start on step 5 without ever knowing what steps 1 through 4 are. After few weeks they give up with bitterness and there’s ONE easy answer to why they fail… You can't build a house from the roof down. Period!

To be successful creating residual income business, you need to treat your business like a business. You need to start from step one. Don’t rush it, you are building a business! Believe me, if you rush it you will waste your time and money and you will restart again from the beginning, this if you don't give up.

If you are a green newbie I urge you to take your time to learn the ins and outs of starting Internet home based business on strong basis. Click here to begin for FREE!

If you have already a website or blog, and you are wondering why you are not making money keep on reading…

Nothing will happen without a scientifically based methodology and action. You cannot just create your web site and or blog, place it on the Internet and sit back. Nothing will happen… ever… Even your mother will not find it without help.

Too many bloggers and webmasters think all they have to do is stick some affiliate banners and links here and there and he money will start rolling in. You can stay all your life and nothing will happen.

Only by using the following strategy you will achieve the very same results just like supper affiliates.

Preselling

The concept of pre-selling is really an art of building anticipation. It will build credibility with your audience and drive your conversion rates through the roof.

In another word preselling is selling yourself to the customer before you sell your product. When you sell yourself to the customer you gain trust. When your customers trust you and understand that you are there not only for the money but also to help them, they will reward you with their loyalty.

All supper affiliates understand the importance of pre-selling and harness its power daily to build durability and staying power on the Net. Click here to learn more

It's important to understand the big picture before you invest your hard earned money and waste your time and this greet FREE eBook will provide you with the prepping you need before you dive into marketing any product or service. Click here to download now.

If you want to get your residual income business to the next level, subscribe now to get access to the 5 Pillar Club and you will get a wealth of FREE information and tools you can’t find elsewhere. Subscribe now .

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eBay Business For Dummies


If you want to start a profitable home business working full or part time from home, eBay could be the perfect way to do it. As long as you have an Internet connection, you are pretty much ready to begin.

It sounds easy but the problem is that many people start their auction business or open an eBay store and then fail to make money because they are not sure what they are doing. There are many potential drawbacks on eBay and frequent mistakes that people often make. Lots of eBay dummies who actually have no idea about selling or about the way the scheme works fail and the main cause of failure is due to lack of knowledge.

They heard that there’s a lot of money to be made with eBay! With dreams of rapid riches and easy money, they dive in head first.

If you are serious about making money with eBay, the best thing you can do is to slow down. Just stop for a minute. Don’t rush straight in. Take your time and plan each step out before taking it. If you are a green newbie and don’t know how to start an ebay business you can get Starting an eBay Business For Dummies book to get it right from the begging. You can find there a wealth of information a bout startinf an ebay business for dummies.

Every 24 hours eBay registers 72.000 to 96.000 new users. Think about that for a moment. When you get your eBay business set up that is how big your customer base will be. But, don't think you have just to build it and they will rush to buy from you. You need to learn how to get them to do what you would like them to do.

Through eBay, you can sell items in almost any category that you can imagine! You can sell toys, antiques, music, automobiles, etc…. at great prices. People also sell items that have absolutely no real value for very high prices. But, there are limits, however, to what can be bought and sold. Certain items are not allowed to be auctioned through eBay website.

What eBay Dummies Need to Know And Do Before Getting Started.

So you've decided that you want to get started as a seller on eBay. If you are an eBay dummy an you want to start your business on eBay there are a few things that you really need to know before you go and throw yourself in at the deep end.

1 - Start As An eBay Buyer

This is my first tip from my eBay business for Dummies ecourses. Start by buying items from eBay sellers. The most winning eBay sellers started out as buyers and you should too. This will give you a sense of how everything works. It will also show you how things are from the buyer’s side of the fence. Let’s call this period of time ‘consumer research.’ You are literally studying how eBay works, from a customer’s viewpoint. You may not realize this, but this eBay buyer experience will actually make you a much better seller right from the very start.

Actually pay attention to the customer service you receive from the seller. Think about how you want to be treated as a buyer, and take notes. Take your time during this process. Interact with the sellers. Get involved in hot auctions to see what they are like. In your free time, start making notes about the hot items that you see. These notes will be helpful later.

2 - Learn How To Sell On eBay

eBay is not a new concept. It works just like any other business. You have to determine what people want to buy before you can expect to be successful. There are very specific items that sell really well on eBay; you just have to discover what those items are. There are many resources for finding out this information. Start with the lessons that eBay offers to their sellers.

Consider attending the eBay University. This is the next step in the process. After you have had the eBay buyer experience, it is time to learn how to be an eBay seller.

Read all of information about how to start eBay business for dummies that eBay provides at their site. The information is free and you will learn a great deal from it. Take full advantage of this before you start setting up your first auction or eBay store! By reading through all of the resources, you will avoid making numerous mistakes that so many eBay dummies before you have made. This is another step towards building a successful eBay business.

Once you’ve made it through the learning process, you should know everything you need to know to get started with a money making eBay business of your very own.

3 - What To Sell?

What you want or what you are going to sell? What’s your specialty? You'll do far better on eBay if you become a great source for certain kind of products, as people who are interested in those products will come back to you again and again. You won't get any loyalty or real reputation if you just sell rubbish at random.

When you think about what to sell, there are few things to consider. The most important of these is to always sell what you know. If you try to sell something that you just don't know anything about then you'll never write a good description and sell it for a good price.

You might think you're not especially interested in anything, but if you think about what kind of things you usually buy and which websites you go to most often, I'm sure you'll discover some kind of interest. If all else fails mention it to your friends and family and they'll almost certainly tell you what you are good at or, they will suggest items.

Out of the things you know enough about, you should then consider which things you could actually get for a good price to resell, and how suitable they would be for redistribution.

Don't be anxious if you think the thing you're selling is too obscure; it isn't. There's a market for almost everything on eBay, even things that wouldn't sell once in a year if you stocked them in a shop. You'll almost certainly do even better if you fill a niche than if you sell something ordinary.

4 - Tax and Legal Matters.

When you start earning enough money, you should be aware that you're going to have to start paying tax. This won't be done for you. If you decide to sell on eBay on a full-time basis, you should most likely register as a business.

5 - Prepare Yourself.

You are not going to do it right at first. If you make mistakes and mistakes can only be made when action is taken. Learn from them and never give up. There are going to be ups and downs when you sell on eBay. The sellers who are successful on eBay are the ones who enjoy it, and stick at it whatever happens. Arm yourself with information about Starting an eBay Business For Dummies and you will be in your right way to success.

Believe on yourself. If you don't believe on yourself, no one else will believe on you. Anyone can sell on eBay, if they believe in themselves. And, if you do decide it's not for you, and then the set up costs are so small that you won't really have lost anything.

If you have a website or blog that is receiving traffic then you will instantly be able to monetize this traffic, by bringing relevant eBay products directly to your visitors. This is really eBay business for dummies territory. But if you are an eBay dummy how wants to build traffic to an eBay business this is what we will discuss in the next articles so stay around.

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