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Are You Building A Hobby or a Business?

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Posted 11th March 2009 at 09:48 AM by fxmmorale
Updated 21st December 2016 at 09:43 PM by fxmmorale (remove link)

The question posed in the title is one that merits deep consideration. At some point in time you may have asked yourself the same question in your head, but never really stuck around long enough to answer it.

It's very easy to reason to yourself that you're building a business, because why else would you put so much time into this? Why would you be willing to give up time spent with friends and family for a ball and chain behind a computer?

If you're going to go through all that trouble you must be building a business right? Think about that question before you answer.

Getting Closer Or Farther Away?

It's very easy to get caught up in activities that can make us feel like we're building something, when in reality they aren't getting us any closer to success than when we first started.

Here's a problem I've noticed and this included me up until a little while ago. The problem is that most of us are expecting someone else to establish our business for us. What do I mean by that?

Let's say for example that you've invested your time and money with a specific product and after a little while nothing happens. This is definitely not uncommon in this business, so what happens next? We start looking for another business model that will produce results and end up buying another product. Did you catch the problem?

The problem is that we may not have established the business model we want to work with. Think about it for a second. You buy a product that teaches you how to build profitable campaigns with Google Adwords. Hopefully the author of the product has made you fully aware of the fact that success will not happen on the first shot.

After a few unsuccessful attempts and a loss of cash, you throw your hands up and give up. Now you see another product that explains the secret to website flipping for immediate profits. Wow, can't be that hard can it? So off you go trying to make money with another business model and when that doesn't work, then it's off to SEO, niche marketing, and god knows what else.

Do You See The Problem?

The problem is that you have to make a business plan for your online venture the same way you would for a brick and mortar business.

When you think about it, it's really not that hard and when you do this, everything actually becomes easier.

Look at major corporations like McDonalds, Wal-mart, Macy's and businesses like them. How often do you think they go changing their business plans mid-stream?

The point is that you need to establish your business model and business plan. How will you go about branding yourself as an established online entity? What products and services do you want people to associate you with?

What methods or strategies will you employ to capture marketshare?

Who do you want to associate with?

Set financial goals that will keep you pushing to achieve them. Not unrealistic goals, but goals that are attainable and that you can reach with your current skill level.

Approach your business like the CEO of a major corporation. This doesn't mean that it has to be boring, but without any kind of structure, no matter what product you buy, even if you do see a few bucks from it, you are doomed to fail.

Take This How You Want To

I'm not saying that everyone who creates a product and brings it to the market is out to swindle you out of your hard earned cash, because they are not. They are simply moving ahead with what their business plan dictates and you can either get your own plan or become a part of their plan.

So does this mean you shouldn't buy anymore stuff? No. What it does mean is this: " If you're in business to make a profit, then you need to start selling something. Follow your plan until you are in profit yourself, then if you have to buy something do it, as long as it fits into what your already doing and can enhance it in some way.

Between this forum and tons of other sites online you can literally get an internet marketing education that would rival any Phd from any university. The difference is, the education you will receive can allow you to conduct your business from anywhere you wish so long as you have a computer and an internet connection.

Don't leave your business in the hands of other people. Take control of your internet business by mapping out your way and then doing the necessary things to achieve your goals.

Do You Have a Backdoor Policy?

If you're experiencing difficulty with your business, stop what you're doing for a moment and try to identify the problem. Is it copywriting? website design? product selection? not enough traffic? Identify the sore spot and work to get the needed information to fix the problem. I didn't say "buy" the information.

If you're buying up every last product with the hopes that the answer to your problem will magically appear, even if it does, you will have created or exacerbated another bigger problem. Remember earlier on I said that I had this problem as well? Well the problem didn't go away until I realized that instead of building a business, I was building a hobby.

Internet marketing can become quite an expensive hobby and if you're not careful you'll end up on welfare instead of living the internet lifestyle.

Don't look for any stupid reason to quit. You couldn't figure out how to upload a plugin to your blog or no one is responding to your articles or whatever. These things can be fixed and with a desire to really become good at these things, you will eventually learn how to make stuff work. Again the main point is, if you're building a business,little things like that will become more a part of the learning curve than a road block to success.

Resources

There are a lot of resources in the forums, especially here at the Warrior Forum. I'm not saying that you won't run into your occassional knucklehead or knucklehead's once in awhile, but don't let stupid petty differences keep you from building your business. There are plenty more helpful individuals who will readily respond to your request for help and give you some ideas that can totally blast your business into the stratosphere if you apply them.

So, are you building a business or a hobby?

Take some time to evaluate your activities and make the needed adjustments so that you can see the success you deserve. Internet marketing needs more success stories, because the more success stories there are, the more viable and credible the business becomes.

Become the next success story, help other people to reach their success and then you'll have all the time you need to enjoy whatever hobby you want.

Nando
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