Why Building Your Business Is Important To SUCCESS - The #1 Reason Most Fail (Or Give Up)

Hey guys,

When I was sixteen, I started my first business.

It was a used car parts business in which we went to used car parts yards and junk yards and got specialty Corvette parts and Firebird parts. We grabbed interiors, seats, engine parts, whatever we could get our hands on.

We worked our butts off for a measly $400 a week a piece. But it was successful, it was a business, but I was working inside of my business.

Instead of working on my business.

One thing I've realized, and I wanted to share this with everybody because I think it is really important, is that you need to work on your business constantly. This sounds like common sense, but so many people get caught up doing work, and backlinking, and writing content and are working inside of their business instead of on it. Hopefully this distinction is clear.

You need to have a plan. This is what I recommend everybody does:

1. Do a mind map, or brainstorm. Write down every good product or business idea you have. This could be a website, store, WSO, membership, anything. It could be services.

2. Pick the three best ideas that you have. Think about the ideas in which you could include back end sales, the ones that will be easy to build recurring products and memberships for. Try to vary your product types, have one information product, perhaps one complimentary service, and one membership portion of the product. You could even have three products that have back end up-sales or coaching offers. Get created.

3. Figure out which order you want to release your products. Release your weakest first, and strongest last. Make sure your final product has some type of value in which you can charge a recurring membership, or provide content or helpful items that compliment your method.

4. Set a goal for the launches.

Example:

A. Give away a free informational guide complimentary to my first product that offers a way to make some money. Offer value and build a relationship, collect emails and start list building.

B. I want to gross $2,000 in sales on my first product and a 4% conversion rate in the first 30 days. I want to convert on the back end upsell at 10%, and have it automated by the end of thirty days.

C. On my second product, I want to launch at the end of thirty days... etc

5. Evaluate your goals and see how realistic they are at each step. If they are too low, set them higher. Push it hard.

6. Create some type of long term plan for your business. This could be to create one product every 60 days, release it, and continue list building until you come upon a hot enough recurring cost, or perhaps a service.

7. Constantly stay FOCUSED most importantly. Don't get sidetracked and buy WSOs or products to try while you're working. Stay FOCUSED. Focus is key, and a good focus and drive will do wonders in internet marketing.

8. Reward yourself. If you meet your goals, buy yourself something. Once you taste fulfilled desires your work ethic will amaze yourself.

Most importantly:

9. Always over-deliver.

People that exceed, always succeed.

Hopefully this inspires someone and helps point some people in the right direction.

Thanks!