Starting a business online is really no different from starting a business that is offline.
To get started you need a storefront, seed money, products to sell, a way to market your product, and an overall plan. The only differences I see between an online business and offline business is that starting an online business can be accomplished in less time for a fraction of the money. That’s a huge benefit!
For many people having a day job provides benefits that people do not recognize. The environment at work often means some one or some company is telling you what to do, when to do it, and exactly how to do it. If the boss determines you need additional training, you will be sent to training. Many times the costs are paid by your company. If you are at your job and you lose motivation you can go to co-workers to have a quick chat or trade jokes to pick your spirits up. So you get social interaction.
Here are some of the downfalls of starting an online business. As the owner you will be the boss telling you what to do, when to do it, and how to do it. You will be responsible for obtaining training, and of course paying for it. You will have to learn many new skills all at once or have and be willing to spend the money to hire someone to do the tasks you are not able to do.
Even if you have all of the technical and marketing skills to succeed, you will need to keep your self motivated enough to weather the highs and lows of developing your business. As a business owner you will need to find other non-traditional methods for finding motivation and social interaction. One method for motivating yourself is through online chats, finding a forum where people have similar interests.
Just having a website that sells a product does not guarantee success. Be prepared to do a lot of trial and error testing to learn the combination of marketing tactics and website design skills that will work for your business. It will take some time to figure out the combination. Once the winning combination is found the money will flow in.
The best way to speed up your learning process to succeed online, you can always find a mentor that will not only train you and share their skills but, will also provide you with the tools, resources and support you need. This is what I did and my mentors have without a doubt provided me with all I needed to succeed online and have been there throughout my entire online journey.
Is there an online business right for you?
Beware of the Fluff. They seem like great companies, they have a good sales pitch and their comp plan looks good too. They have big corporate offices and have been around for years. Isn’t that good? Any company out there that sells products like lotions, potions, pills, miracle juices or miracle gas saving products usually doesn’t work for the average person for many reasons.
Those companies usually make most of their money from you, the distributor, not from selling the products. They have you on auto ship, so you are their income.
They only pay about 2% to 15% so many levels deep. They will tell you that when you fill the matrix, you won’t have to do anything and you’ll be making 20 to 40k a month. The truth is, there are so many loop holes to their comp plans that no body ever reaches those levels. You either will have too many people on your left, but not enough on your right side to make the higher level payouts. They tell you that you need more personal volume and your group volume is fine or vice versa, or my favorite, you had fallout this month, so you no longer qualify for that car bonus we promised you about.
They make you hold home parties to push your crap on your friends. Listen to me…..If I wanted weight loss, I’d go to GNC. If I wanted Lotions, I’d go to CVS, Save on, Nordstrom or Bullocks. If I wanted to put additives in my gas tank, I’d go to Kragen, Chief or Pep Boys and buy a product from STP or Penzoil. You get what I mean….?
They are a copy cat company of the original company. How many companies out there are selling a juice that is based from the Acai Berry, Goji berry or the Mangosteen fruit? How many of those promise to cure cancer? What a joke? Is our society that ignorant that if something actually cured cancer, wouldn’t we want to check it out? How many travel companies are there now? How many fuel additives are there now? How many of those have been shut down? How many make up, skin lotions and vitamin companies are there out there?
It just seems like there is so many junk companies on the internet, how do you what is good and what is not? Some of these companies above actually have a good product, but I would never go in business with them.
So, how did I choose a business that I profit from and that I am proud to represent?
When I evaluated the company, I looked for these key points. Keep in mind, when I joined the company, my #1 goal was to make money and to do it legitimately. I did not want to hurt anyone or rip anyone off. This is what I’ve learned and these guidelines will help you determine what company is right for you.
If you are not making at least 50% of the up front commission when you make a sale, forget it. This means that you are doing all the work and the company and/or the person above you is making all the money.
If you have to have 1000, 10,000 or 20,000 people in your organization before you make any real money. DO NOT Join. Most people will NEVER get there.
If they teach you to hold home parties and invite all your friends. Run away fast.
If they have a sales pitch 2-3 times a day and only 2-3 training classes per week. This means that the company is more interested in selling you than training you how to make money long term.
If you can’t break even or get into profit with 3 sales, forget it.
If you can’t speak with the owners or the corporate office via phone or webinar, Forget it. I like to know who I am doing business with before I will do business with them.
If it is a start up or in pre launch, forget. The chances of these companies becoming the next Amazon is about as good as winning the lottery. At least with the lottery, you have a chance to win once or twice a week. You might as well go to Vegas and blow your money on a good time. At least you’ll have some great memories, see a great show and have a great meal.
These are not all the rules for success on the internet, but this is a great guideline to follow when evaluating an internet company. These are the rules I followed when I made my decision to join The Six Figure Mentors and it is the best decision I have made.