Friday, April 6, 2012

Don't Go Broke Trying to Build an Online Business | WilliamBrant.com

Forty Thousand Dollars Later

How much are you spending to learn the tricks of the Internet marketing trade? Are you spending money left and right in hopes of finding the perfect internet business system? Do you find yourself hitting the BUY NOW button day after day, believing that you?re about to find the missing link in your moneymaking chain?

You?re not the only one convinced that the only way to make money involves spending it in copious quantities. Countless people find themselves buying the latest and greatest new systems.

There?s nothing wrong with that, either. It makes perfect sense to purchase new information and products to keep your business rolling right along. It?s sane and sensible to invest in new strategy guides to stay abreast of changes in the industry and to get your hands on innovative ideas. Making those purchases before you have a profitable business is a different matter, though.

There?s a big difference between the person who?s staying on the cutting edge of new developments and the person who?s spending like a madman in hopes of finding a magical solution that will turn things around.

You want to handle this the right way. You don?t want to spend yourself into bankruptcy before you build a real business.

Buying the Right Way

So, how do you avoid becoming the wrong kind of serial buyer? The first step is creating a bedrock foundation for your IM business. If you strip away all of the details, tricks, options and creative new ideas from Internet marketing, it?s a simple proposition.

You need a product to sell. You must have a way to sell the product. You need to bring traffic to your the site you?ll use to make sales.

That?s IM in a nutshell. All of what you do needs to relate directly to one or more of those core basics.

As such, you need to focus on building strength in all three areas. Anything you buy as you?re building your business needs to address the construction of that foundation.

You need to build a solid foundation that will allow you to start making money online free before you begin worrying about the details. You can start experiencing real IM success after that foundation is in place. After you?re making money, you can being looking at those extras and adjustments.

How to Build Your Foundation

You can start building that money making foundation without going broke in the process. Here?s what you need to do.

  • Get a smart, big picture understanding of Internet marketing. You need to hear, straight from the proverbial horse?s mouth, how things fit together and what really works.
  • Focus a great deal of effort on traffic generation. Traffic is, as noted, one of the core elements to a successful online business. It?s also the most important one you?ll address. Until you have adequate traffic, you won?t be able to find out if your products are attractive or if your copy is converting. You need to put eyeballs on your pages right away.
  • Find a source of ongoing assistance. An ebook can be great. A video can be invaluable. However, there?s nothing like developing an ongoing connection with a coach or mentor who has a history of success and a willingness to show you the ropes. You can become more efficient and successful when you?re on the receiving end of expert advice.
  • Don?t overexpose yourself. Find a way to accomplish those objectives without putting yourself at risk of substantial loss. Find opportunities to get the essentials at bargain prices. Find a way to develop a valuable relationship with a personal business coach or mentor at a reasonable price.
Apr 05th by Dustin Struckman

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