Posted on : 22-12-2011 | By : stargaterich | In : Internet_Marketing
Over ninety five percent of online business fails within the 1st five years. It is not by luck or chance for those who make it through and thrive to become multimillionaires. Your chances of success with any online business that you choose to be in depends on having the right mindset and executing the right strategy and techniques.
Here are five powerful tips that you should consider to improve your Internet Marketing success.
Manage your online activities and keep to a schedule.
One of the main challenges pertaining to running a home-based online business is that of time management. Quite often many people admittedly including myself will spend more time surfing sites such as YouTube and etc instead of focusing on what’s important to our online business.
For instance, sometimes it took me twice as long to write an article for posting even though I knew deep down inside I could get it done much sooner. The reason is because I get distracted easily by other sites and my mind starts to wonder into other interesting websites.
You need to exercise self discipline and adhere to strict tight deadline for each specific tasks that you are doing. In other words organize your life and online activities so that you get the most important and urgent tasks done at the soonest opportunity. You need to stay the course and have schedules to prevent yourself from side tracking to other unimportant things.
Know your subject and understand how things works from inside out
You don’t need to be a master and expert in Internet technology to make money online. You can even start a successful e-commerce site even if you do not know how to build a website. That goes without saying because there are software tools available which automates pretty much everything.
A car driver may not need to know the inner working details of the engine but it is good and essential that he knows how to check the brake oil, jump start the car, change the tyre and etc. You never know when such skills will comes in handy in times of emergency.
Likewise it is important and essential for you to have basic understanding of say HTML (hyper text mark up language) and knowledge on how to upload and download a file to your site using file transfer protocol (FTP) and etc. Learn as much as you can and don’t have the wrong notion that there is absolutely no need to learn just because there are automated tools to get the job done.
Use the right tools
Use the most appropriate and suitable tools for working towards your end. That does not imply you have to use the latest tools but it helps in some way as Internet technology and marketing landscape change quickly. Some older software tools, strategies and techniques may become obsolete or not as effective down the road.
Don’t try to be a complete cheapo and rely on just free tools to get the job done. As with any other real business, you need to invest some capital to build up your online business. You should reinvest some of the profits back into your business. Invest in software tools and information that improves your productivity!
Do not reinvent the wheel.
Don’t waste your time to try to reinvent the wheel. Use the wheel instead, make it more better and powerful. For instance, you don’t need to create a super product that is out of this world. Find out a product or service that sells well and do further market research to know what’s lacking and customer wishlist. Join relevant discussion groups and forums to get to know more about customers expectations of future product enhancements.
Anticipate future needs
Try to predict the future trend with regards to your niche market and develop a unique product that will stand out and make a difference to people’s life. Do not focus on the outcome on the product in terms of dollars and cents but rather on how the product is going to improve one’s well being.