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The sad truth is, very high percentage of people who start an online business will never finish it. Will never be successful at it. Yes I know. You see so many programs out there. So many magical pieces of software, secrets, methods, tricks and many other shiny, new, attention grabbing opportunities. You would think there must be a huge number of successful online Entrepreneurs out there making the big bucks. Well there are quite a few. But by far the largest group are those who buy what the big guys are selling and then do little or nothing with them.
That's right. There is a well known and tested psychology called the 80/20 rule. This means that at the most about 20% of the people will buy a product and that would be a very conversion rate, and 80% won't buy. It also means that of the people that do buy, 80% will do nothing and 20% will do something. Out of this remaining 20% of %20 a small percentage will succeed.
Doesn't sound like real good news does it? Well, that depends on how you see yourself and how you look at the market.. Do you see yourself as a habitual failure or a huge success waiting to happen. Keeping in mind the current state of the economy and the fact that more people now are paying down their debt and beginning to save money, the size of the market for home base online business's is ballooning.
So there you go. There is a huge market just waiting out there for you. Now here is a little tough love.
So, you think that online business is hard. Whoa buddy. Dealing with a terminal illness is hard. Cutting an arrowhead out of your own shoulder with a knife is hard. Holding your favorite dog in your arms as it passes away is hard. Watching a good friend disappear in the thunder, dust and shrapnel of an IED is hard or having to endure the unbelievable pain of one of your own children passing away before you do, is hard. Come on, get this into perspective.
Online business is not hard. But, it does require a certain level of desire, commitment and planning.
A Burning Desire
You must have a burning desire. There must be something in your life that is more frightening than failing at an online business. Your must have a desire so strong as to have thinking about it everyday. Remember your first girlfriend or boyfriend may back in high school? Do you remember how you just could not stop thinking about them.
Commitment
You must have a commitment to your online business that could not be stopped by a pissed off Texas Long Horn Bull. "I will get this done no matter what!" Make that a part of your mantra. Last but not least, desire is what powers, what drives commitment. Without desire, there will be no commitment.
Planning
Planning is the nuts and bolts of any business. You must plan. You must set goals.
Make up a business plan. You can find many on the internet that you can use as examples. Your business plan lays out a path that you want to follow. It will include goals and a time line to match those goals.
Goals
You must set goals. A goal is like this. Without a goal you really don't know what you are shooting at. Like you were standing in a thick fog with a bow and arrow and you can't see the target. You can shot at it but the chance of hitting the target is very small. However if you use a goal to remove the fog, then your chances are much better.
Goals should be set down in writing early and as often as they may change. Yes they will change. Life happens and when it does you may have to change your goals. Makes your goals big enough so they look like a stretch.
Set up a schedule of things you must do everyday, every week, every month and so on. This will keep you moving forward in the right direction.
So there you go. Al lot of people try online business. Very few succeed. Success depends on four basic things that you must have in yourself:
A burning Desire
Commitment
Proper Planning
Goals
I'll see you later, in a richer place.
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