How To Choose The Direction Before Starting Your Business?

55 replies
Starting business? Wanting to change your money making model?

Either way, you need to find adequate answer to the headline question, if you want to make informed decision. Similarly to an indecisive lady, who turned to me the other day. The lady in question is tired of her current job, wants to do something else.

She heard that people make their living on the internet. As she said: "I'm lost"... "I feel myself away from this"... "will I be able to do that?"..."what direction should I start?" and such.

Advice to such people can be given only after doing some analysis, like this:

What interests you?

Example: beeing self-determinated; getting joy in activity; meet challenges; working where you want and when you want; uncovering new demand and producing solutions, etc. Or... you like a cushy but boring job, overbearing boss, crazy co-workers, so-so revenue, etc.ehhh

If you are doing your work with interest, you are able to take the extra step possibly need to achieve better result: like better working schedules, higher revenue, rising through the ranks, etc. And the same principle applies even if you are self-employed.

Research shows that if you are doing an activity that isn't interested in you, the result will be unsatisfactory performance; decrease in self-confidence; tiredness and after a while you give up or burn-out and go for a hospital treating.

You need to wait for that latter situation? I don't think so.

Wat is your passion?

It is important to know what you are passionated about, because you gladly and easily do that activity what is your hobby. Several example:

Writing; golfing; collecting stamp/picture/statue/car/shirt buttons etc.; touring; dating; aviation; website building; ship modeling; cooking; filmmaking; horse dressaging; cucumber cultivating; drawing dog house; gaming Total War Shogun 2, etc.

These are such kind of activities, which can be your fruitful businesses if you develop them. Of course, if your passion is to slapping flies on your feet, I'm fine with that. But, to convert it to your business may be slightly difficult. But I may be wrong.

Why your hobby can be advantageous from business point of view? Because you're familiar with it. You understand the process. You know the society of other people interested in. Therefore, you will be able to see the business in it.

One more argument. You also may be familiar with the market which serves that passion. That is your big advantage over other starters. I know people who try to get as much information as possible - to make sure to beeing smarter or faster or better in their passion. And they pay for that information. Not little.

What frustrates or limits you at present?

Your workplace, or school can cause you frustration oftentimes. Similarly something in your personal life.

For example: facilities or environment aren't harmonious; management's behavoiur make you mad; co-workers hinder you; inappropriate timing; long journey to the work and back; or you yourself as an employee (e.g. by setting goals that won't suit you).

On the other hand you may suffer from frustration, if one of your personal desire is not granted, or some status is blocked in your privacy.

To know what limits you is important, because frustration leads to stress oftentimes. When you know what frustrates you, then you also know which activity is not for you.

Well-known fact: by identifying the sources, you can avoid or reduce the stress. But if left untreated, it can become abnormal.

What do you like to do?

Your experience gained so far may be your help at this point. Remember what kind of creative activity you did earlier. How you liked that? Was you delighted in the results?

Example: photography; gardening; carpet weaving; teaching; car repair; selling; animal healing; skydiving; parenting; computing; repairing sewing machines; etc. Ice cream licking isn't a good answer - it only takes the money and not brings - but making ice cream can be money making activity. LOL

"You've got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do." - Steve Jobs

Thanks Steve, you put it better than I could have done.

What is your strength at what you're doing?

This could be any: you're good at organizing your activities; you're good at planning; you're precise in implementation; you've good interpersonal skills; you're helpful to others; you've a skill for positioning existing products; you're able to write sales letter; you've a solid content development experience; you've marketing skills; you don't disclaim your responsibility for someone else; you like to learn; you're persistent at what you're doing; etc.

Dealing with this element can not be ignored. You need to know, if you only follow others at present or you are a leading figure. Please, bear in mind that not every business modell fits to every people.

A leading person is able to build his/her business online/offline independently. For example, he/she can be able to build his/her business around an authority website with lots of relevant information.

A follower person also can build successful business, but he/she needs external assistance. Of course, there are people who just requires help mainly at start, but some longer. This person can be build a successful affiliate business, if he/she is attracted to a particular market and want to sell other people's product or service.

Later these starters (when they will be more experinced) can create and sell their own product, and also can be a leading person in their niche.

What you want to improve?

If you have read the above point, you already know what is missing. Those are such things not everyone has or not far enough.

Improviable field can be: developing your planning ability; specifying better cash-flow; developing your pricing system; increasing the value of your product or service; increasing conversion; ameliorating and strengthening your relationship with your prospects/customers; fixing your technical deficiency, etc.

Anyway, the sky isn't falling if you do not have all the strengths at beginning. Nobody is perfect. Starting and operating a successful business is a continuous learning process. On the march you'll realize (in favorable case on your own) what improvement is needed. You just need to take the challenge of learning.

Because there is always some room for improvement. I believe. I also need to develop some things.

Conclusion

Gotten so far? Great! Then you already know, why you need to answer the above questions correctly.

As we know, people aren't alike. There is no "one size fits all" customer demand. Also isn't "one size fits all" solution. You are an individual, with your particular mindset, goal, fun, pain, motivation, life-situation, etc.

You are the only person who knows you. You know the most your ability, skill, strengts and limitations.

Taking into account the above elements, you've a better chance to make an informed decision, in which direction you want to start. And if you have a direction, then you can pick up your best suited niche and plan your business more easily.

I hope, this will be an assistance for wanabe entrepreneurs and a reminder for intermediate business people. That was my goal.
#business #choose #direction #starting
  • Profile picture of the author SandyDuPlessis
    Originally Posted by Horny Devil View Post

    Well whatever you choose, don't choose writing.
    That appears to be a rather insulting remark! Please consider that Sandor is Hungarian. Tell me - can you write 100% fluently in any other language?

    Having said that.

    An excellent post Sandor and one that every newbie and many not very successful IMers would do well to read.

    I often recommend specific posts to newbies and this will be one that I add to my list since it is thought provoking and gives the reader a good guideline to follow.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by SandyDuPlessis View Post

      ...An excellent post Sandor and one that every newbie and many not very successful IMers would do well to read.

      I often recommend specific posts to newbies and this will be one that I add to my list since it is thought provoking and gives the reader a good guideline to follow.
      Sandy, I'm pleasured, if I can help someone in something. Please, feel free to use the post as you like.

      My motivation is: If I can help just one person, it was not a wasted effort.

      Cheers,

      Sandor
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  • Profile picture of the author Brian Tayler
    Originally Posted by Horny Devil View Post

    Well whatever you choose, don't choose writing.
    Completely inappropriate remark.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by Brian Tayler View Post

      Completely inappropriate remark.
      Brian, on a small thing you should not be nervous. Life is short, you should use yours smarter.

      Thank you,

      Sandor
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      • Profile picture of the author priya sinha
        I am fully agree on this point.
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  • Profile picture of the author elexmedia
    Yes... you could enter any businesses, so choose business that you like, that you have passion on it, that you believe it is worth to fight for...
    So, when you face obstacles along the way, you could pass it through and not give up in the middle of the road...
    A business needs you to pour your life on it. If you haven't any passion on the business, you will not give everything and fight until the business succeed.

    Also when you choose what business you want to get into, don't forget to analyze the market. Is there a market for your business? Is the market big enough? Does the market need my product/ service?
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    • Profile picture of the author Sandor Verebi
      Originally Posted by elexmedia View Post

      Yes... you could enter any businesses, so choose business that you like, that you have passion on it, that you believe it is worth to fight for...
      So, when you face obstacles along the way, you could pass it through and not give up in the middle of the road...
      A business needs you to pour your life on it. If you haven't any passion on the business, you will not give everything and fight until the business succeed....
      Hi elexmedia,

      Agreed. I phrased something like this, possibly in other words. I do not want to repeat, so I can just refer back to the quote of Steve Jobs.

      ...Also when you choose what business you want to get into, don't forget to analyze the market. Is there a market for your business? Is the market big enough? Does the market need my product/ service?
      Important supplement you did, and inherent into this phase.

      I didn't deal with it because the post was long enough. And not everyone likes to read, as I see.

      Thank you,

      Sandor
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  • Profile picture of the author Sandor Verebi
    Originally Posted by Horny Devil View Post

    Well whatever you choose, don't choose writing.
    Welcome Horny Devil. Please, show me, how you can write a better post that has a substance and value.

    I'm ready to learn.

    Thank you,

    Sandor
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  • Profile picture of the author peewhy
    Two things I would consider, a nice that I enjoy, or be mercenary and go to eBay and Amazon click on the best sellers list, chhose a niche and follow that direction.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by peewhy View Post

      Two things I would consider, a nice that I enjoy, or be mercenary and go to eBay and Amazon click on the best sellers list, chhose a niche and follow that direction.
      Hi peewhy,

      You have a remarkable proposal. Obviously, you would choose these options, because you may have skill, and experience on these.

      Bestsellers list can be a good guidance for you.

      On the other hand, you just need to analyze, how high is the competition in your chosen niche, if you use only SE traffic, I think. But I may be wrong.

      Thank you,

      Sandor
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  • Profile picture of the author TiffanyLambert
    Sandor, I love that you put together a very thoughtful post to help fellow Warriors find some direction in their online pursuits. The response that the first person gave you, who ironically labels himself "Fiendishly Clever Warrior," which he's not - was just rude.

    Ignore the troll and be proud that you're one in the community who gives back rather than just tears down.

    I think everyone here is able to understand your message and it was a good one.
    Tiff
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    • Profile picture of the author Sandor Verebi
      Originally Posted by TiffanyDow View Post

      Sandor, I love that you put together a very thoughtful post to help fellow Warriors find some direction in their online pursuits. The response that the first person gave you, who ironically labels himself "Fiendishly Clever Warrior," which he's not - was just rude.

      Ignore the troll and be proud that you're one in the community who gives back rather than just tears down.

      I think everyone here is able to understand your message and it was a good one.
      Tiff
      Hi Tiffany,

      It's nice to have you here. You're right. You need to care with those who deserve that.

      Anyway, I give a lot to your opinion.

      Thank you,

      Sandor
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  • Profile picture of the author talfighel
    I really don't think that passion or interest has anything to do with making money online.

    If you have passion for real estate and can promote products that are in this niche, you are still not going to make tons of money unless you are the product owner and have lots of affiliates promoting for you.

    When you go online, the biggest passion for anyone is to make the most money that they could ever imagine.

    If you want to make the most money online, and this is my own experience, you should look into internet network marketing opportunities.

    You got to put the leverage on the internet to work for you.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by talfighel View Post

      I really don't think that passion or interest has anything to do with making money online.

      If you have passion for real estate and can promote products that are in this niche, you are still not going to make tons of money unless you are the product owner and have lots of affiliates promoting for you.

      When you go online, the biggest passion for anyone is to make the most money that they could ever imagine.

      If you want to make the most money online, and this is my own experience, you should look into internet network marketing opportunities.

      You got to put the leverage on the internet to work for you.
      Hi talfighel,

      I think I understand what you're talking about. If not, please, correct me.

      You are saying that what you said because of your experience. Perhaps you have an established online business since 2004 when you joined here. You are living in a lucky place where the business building was normal already 250 years ago.

      I started my offline business in 1990. I was a beginner at that time. And I found myself confronted with these issues at that time.

      You know, here was another political system before, in wich you can not have been self-employed entrepreneur. Only the corporate system existed. And the system had a number of years required for transformation. I didnt wait for that long.

      You had to stand up in this new situation and start building your own business as you was able. The educational system didn't teach you before, how can you be a self-employed entrepreneur. I had to learn what necessary at my own expense, for example in the Dale Carnegie Training Institute.

      Are you starting to imagine my situation, please? So, I just looked through my material and put together this list.

      And I'm happy if someone finds it useful.

      All the best,

      Sandor
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    • Profile picture of the author MissTerraK
      Originally Posted by talfighel View Post

      I really don't think that passion or interest has anything to do with making money online.

      If you have passion for real estate and can promote products that are in this niche, you are still not going to make tons of money unless you are the product owner and have lots of affiliates promoting for you.

      When you go online, the biggest passion for anyone is to make the most money that they could ever imagine.

      If you want to make the most money online, and this is my own experience, you should look into internet network marketing opportunities.

      You got to put the leverage on the internet to work for you.
      I have to respectfully disagree with you, tal.

      Not everyone enters IM with the mindset that I'm going to make the most money that I could ever imagine and unfortunately, the ones who do, often end up throwing money away by being taken in by unscrupulous marketers who prey on newbies who have unfortunately bought into that pipe dream.

      Sandor has hit the nail on the head with his post. He's offered very realistic questions and answers for everyone to consider who is contemplating working online.

      Personally, if my goal was to make wads of money online without doing something that I loved and had a passion for, I would have burnt out a long time ago.

      Terra
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      • Profile picture of the author Sandor Verebi
        Originally Posted by MissTerraK View Post

        I have to respectfully disagree with you, tal.

        Not everyone enters IM with the mindset that I'm going to make the most money that I could ever imagine and unfortunately, the ones who do, often end up throwing money away by being taken in by unscrupulous marketers who prey on newbies who have unfortunately bought into that pipe dream.

        Sandor has hit the nail on the head with his post. He's offered very realistic questions and answers for everyone to consider who is contemplating working online.

        Personally, if my goal was to make wads of money online without doing something that I loved and had a passion for, I would have burnt out a long time ago.

        Terra
        Hi Terra,

        I'm impressed and appreciate what you're saying. I just would like to make a minor supplement. We aren't alike. And if talfigher has that kind of opinion, I'm fine with that. Perhaps he has a particular reason that we don't know.

        Above at the #19 I narrated to him the situation, why I'm thinking on my way.

        Anyway, thank you for stopping by.

        Have a nice day,

        Sandor
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    • Profile picture of the author Berg Canon
      Originally Posted by talfighel View Post

      I really don't think that passion or interest has anything to do with making money online.

      If you have passion for real estate and can promote products that are in this niche, you are still not going to make tons of money unless you are the product owner and have lots of affiliates promoting for you.

      When you go online, the biggest passion for anyone is to make the most money that they could ever imagine.

      If you want to make the most money online, and this is my own experience, you should look into internet network marketing opportunities.

      You got to put the leverage on the internet to work for you.
      I guess what you're trying to say is that you could take your passion and be barking up the wrong tree (very possible), but without the passion behind you (other than money) won't you just quit when the going gets tough or when it takes longer than you thought?
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      • Profile picture of the author Sandor Verebi
        Berg, thank you for your enlightening contribution.

        @ talfigher

        Sorry, I've misunderstood you completely. Here is my new answer, hoping will be adequate.

        You wrote: "I really don't think that passion or interest has anything to do with making money online.

        If you have passion for real estate and can promote products that are in this niche, you are still not going to make tons of money unless you are the product owner and have lots of affiliates promoting for you."


        My take on it, is that if you aren't passionated about something or have no interest at all, then you must NOT to start that thing. You must choose another one that fits to you.

        "When you go online, the biggest passion for anyone is to make the most money that they could ever imagine."

        Let me please respectfully slightly disagree, and say something about four motivational factors.

        * If people are motivated only by money:

        They'll do anything to get and keep the money. They are doing things just for money. They don't care whether a work is good or bad until they get their money. If they are motivated by the money only, they may get a lot of it. But then they hide it or throw it out of the window. The point is they don't use the money to help others.

        I know a people who fit into this category. He brought together nearly a billion. But he couldn't do any reasonable thing with the money. He squandered his money on stupid things. Today he is homeless.

        * Motivation for personal gain:

        Someone is working for his own health and happiness. His success, personal power and standard of living is more important than anything else.

        * Personal motivation belief:

        Someone is agreeing on something because of his certitude. He is working for supporting that. For example you're convinced that the world needs your procuct or service. You are making every effort to win acceptance of your view point. You're proud of the people who follow your ideas.

        * Motivation of duty:

        You're working for a goal that is much more bigger than you. You're motivated to improving the world, and helping others.

        Generally speaking: The higher level of your motivation is, the more energy you're feeling. You can work more time, and you do a better performance. If you are motivated by a mission or personal beliefs, then that can cause more fun to you as if you're working just for your money.

        "If you want to make the most money online, and this is my own experience, you should look into internet network marketing opportunities.

        You got to put the leverage on the internet to work for you."


        We fully agree with this.

        All the best,

        Sandor
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  • Profile picture of the author Peggy Baron
    Sandor,
    These are THE questions people wanting to get into online marketing, or any business for that matter, should ask themselves. Thanks for going into such depth.

    Peggy
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    • Profile picture of the author Sandor Verebi
      Originally Posted by Peggy Baron View Post

      Sandor,
      These are THE questions people wanting to get into online marketing, or any business for that matter, should ask themselves. Thanks for going into such depth.

      Peggy
      Peg, thank you for your kindness. I just entered myself into my case 22 years ago. This post was the result.

      Cheers,

      Sandor
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Sandor Verebi View Post

    I hope, this will be an assistance for wanabe entrepreneurs and a reminder for intermediate business people..
    It will ... and thank you, Sandor.

    (There's certainly nothing wrong with Sandor's writing ability - and never has been, during all the time I've known him: looks like a trollish post was removed here, or something? I always miss all the action ... )
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    • Profile picture of the author Brian Tayler
      Originally Posted by Alexa Smith View Post

      (There's certainly nothing wrong with Sandor's writing ability - and never has been, during all the time I've known him: looks like a trollish post was removed here, or something? I always miss all the action ... )
      Yeah you've missed a lot of entertainment in the last few hours. Spammers, people slandering, oh you know... the normal.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by Alexa Smith View Post

      It will ... and thank you, Sandor.

      (There's certainly nothing wrong with Sandor's writing ability - and never has been, during all the time I've known him: looks like a trollish post was removed here, or something? I always miss all the action ... )
      Hi Alexa,

      Glad on what you have said. Your opinion matters me a lot. Thank you.

      Cheers,

      Sandor
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  • Profile picture of the author John Romaine
    This post makes more sense than half of those written by people from english speaking countries.

    Solid advice Sandor
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    BS free SEO services, training and advice - SEO Point

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    • Profile picture of the author Sandor Verebi
      Originally Posted by John Romaine View Post

      This post makes more sense than half of those written by people from english speaking countries.
      Hi John,

      Thank you for taking time to read my post. I believe, they also take effort to give value to the community. And I also know that everyone can have weaker day sometimes.

      Solid advice Sandor
      I just tried to portray the real life, as I experienced. Those who prefer the dream world then enjoy that. Their choice.

      Cheers,

      Sandor
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      • Profile picture of the author Sandor Verebi
        Hello Everyone,

        I'd like to say a BIG THANK YOU to all of my visitors for your kind and encouraging words!

        I feel myself in a weird situation, so I tell you something.

        I was five years old in 1948, when I played in our flower garden. The weather was nice, and the warm summer sun was shining. I deepened in the viewing of beautiful flowers and different other plants. All around me was very peaceful, therefore I enjoyed myself.

        But... I suddenly frightened.

        I watched in horror... as a large, ugly caterpillar crawling on me. I haven't seen anything like this earlier. So, I got no word. I just cried bitterly and run to my mother.

        Of course, she embraced me and took off the caterpillar. I calmed down soon and went back to the flower garden.

        You know, life has not stopped.

        But, is this childhood story fits to this thread? - you may ask. I think yes, and I'll tell you why.

        Every internet money making thing is new to many people who would like to enter in, day-to-day. It happens to them that they were frightened of something they first confronted. They may feel themselves lost. They fall into panic.

        But, here is the Warrior Forum. People can run here for encouragement and useful advice. So they can rest assured. They can get guidance. And a hug from fellows.

        And... the life goes on. They are getting closer to their success with a small step.

        And all of us, we do not want this?
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  • Profile picture of the author Fabrianne
    Sometimes you fail even you have chosen a business according to your interest and passion, the thing is not keeping yourself in discipline, time table, according to plan, not researching competition etc.

    Determination and discipline these two are very important in any business.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by Fabrianne View Post

      Sometimes you fail even you have chosen a business according to your interest and passion, the thing is not keeping yourself in discipline, time table, according to plan, not researching competition etc...
      Hi Fabrianne,

      You see well several pitfall factors. Those elements you've listed (not keeping yourself in discipline, time table, according to plan, not researching competition etc.) arise on the march. I mean, those are only the effects. The reason is the lack of the adequately performed analysis at the start.

      ...Determination and discipline these two are very important in any business.
      You said it well and I agree.

      Thank you..
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  • Profile picture of the author elexmedia
    Hi elexmedia,
    Agreed. I phrased something like this, possibly in other words. I do not want to repeat, so I can just refer back to the quote of Steve Jobs.
    Yes, Sandor... Steve Jobs once said "Don't live someone else life".

    This short statement really inspired me to become entrepreneur and put a "ding" into the universe
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    • Profile picture of the author Sandor Verebi
      Originally Posted by elexmedia View Post

      Yes, Sandor... Steve Jobs once said "Don't live someone else life".

      This short statement really inspired me to become entrepreneur and put a "ding" into the universe
      Hi elexmedia,

      Great quote you've mentioned. And that is right. I'd like to refer to an other:

      “There are only two ways to live your life. One is as though nothing is a miracle.
      The other is as though everything is a miracle.”
      Author was Albert Einstein.

      I think, those who take the challenge of beeing self-employed enrepreneur
      feels him/herself close to the essence of the third sentence. Why?

      Because those realize the diversity of life, and a variety of business opportunity
      as well.

      Wishing you more success,

      Sandor
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  • Profile picture of the author kayfrank
    I was waiting to read about motivation - did I miss it? I suppose passion could be considered part of what motivates you..... If you aren't motivated then you won't succeed.
    So I think the real question is - what motivates you? What will be the factor that makes you WANT to succeed and stay on track even when its tough?
    It should never be money because if it takes you too long to start making money you will give up. Your motivation needs to be something to do with what you already have - something tangible. Like family for example.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by kayfrank View Post

      I was waiting to read about motivation - did I miss it? I suppose passion could be considered part of what motivates you..... If you aren't motivated then you won't succeed.
      So I think the real question is - what motivates you? What will be the factor that makes you WANT to succeed and stay on track even when its tough?
      It should never be money because if it takes you too long to start making money you will give up. Your motivation needs to be something to do with what you already have - something tangible. Like family for example.
      Hi kayfrank,

      Great contribution, thank you.

      As I see, you know that motivation is a quite broad factor, has many parts you need to consider to succed. I dealt with a minor part of it at the What frustrates or limits you at present? subheadline. Anyway, I could have substitute that with another, like What Motivates You To Change?, couldn't I?

      Because any frustration can motivate you to change your life. And on the other hand, that lady informed me this way: she "is tired of her current job, and wants to do something else". So, that was her motivation to turn to me. And her request motivated me in writing this post. Huhh... Things are related, aren't they?

      "If you aren't motivated then you won't succeed." Yes, this is a basic principle. Depends on you, what kind of motivation you follow or acting on. But, really you need to have a big WHY thing, that give you a new impetus, keep you going when getting stuck.

      When I was a beginner, I wrote down my WHY to a small paper in three sentence. And yes, my big WHY was not money only, but my family. I wanted to give them more freedom, more fun, more mutual life, more support, MORE MYSELF.

      I put this piece of paper into my wallet. And if it was some situation where I was close to give up (there were severals), I re-read this WHY. This little paper or writing on it was my motivation. It always helped me to move on. This is still true.

      I realized something a long time ago. I realized that if some obstacle arises in front of me, in my head I treat it the way I want. And if I want the best out of it (however it is) then I will do that way.

      Continual lamentation will not take you further. Complaining may has some sense in that case if it makes you happy. But... it'll not make you happy, rest assured. So, the best you can do for yourself, if you abandon it.

      Many successes,

      Sandor

      PS: in this case WHY means Why I Started The Entrepreneurship
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  • Profile picture of the author HeySal
    What some people seem to miss in Sandor's post is that he is talking about building a business or a career that will motivate you throughout the years. He's not talking about jumping online to make a buck or two - or maybe a large amount.

    To do something you love for the rest of your life isn't "money making" in itself, it's not a job. It's an adventure that will play a part in all areas of your life. Any idiot can get online and make a buck or two. Some luck into millions. ..........but a life needs fulfillment and creating a business that fulfills all of your needs, keeping you stimulated to do more, know more throughout your life takes some introspection.

    The people who can't get past the money are going to have a sad future, whether they make the money or not.
    Signature

    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
    Beyond the Path

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    • Profile picture of the author Steven Wagenheim
      Sounds like something I might have said to somebody.

      All kidding aside, this is excellent advice. Way too many people just jump into
      something because they "think" it will make them money without giving a bit
      of thought into any of the items that Sandor mentioned in his OP.

      There are essentially two things that I feel determine one's success with their
      business.

      1. Demand for the product or service
      2. Your love for what you do

      I don't know about anybody else here, but if somebody told me I could make
      $1 million a day selling pens, I just couldn't do it. Pens bore the hell out of me.
      If I'm going to do something, it has to be something I love.

      If I were to start all over, I'd do something with music, or video games or
      card games. I'd get into the entertainment niche. I'd never touch Internet
      Marketing or Make Money Online, as much success as I've had with it.

      Why?

      Because I never truly reached the happiness level I was hoping for simply
      because IM was not my real passion in life. It never will be. It can't be. It's
      a means to an ends.

      I'd probably build a massive musical authority site for aspiring musicians and
      songwriters. Naturally, I would have done this 15 years ago when the
      competition was almost non existent.

      Point is, I truly believe that there is only so long you can do something if
      you're heart REALLY isn't in it. This is why I am semi retired now and looking
      to pack this baby in for good.

      Money isn't everything.

      Some people have to find this out the hard way.

      But yeah, Sandor, your points are dead on the money.

      What's your passion?
      What problems do YOU have?

      More likely than not, OTHER people have those same passions and problems
      and will be more than willing to spend money on a solution to those problems.

      Thank you for sharing this with the forum.
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      • Profile picture of the author Sandor Verebi
        Hi Steven,

        Thank you for your visit in this thread.

        Originally Posted by Steven Wagenheim View Post

        ... There are essentially two things that I feel determine one's success with their business.

        1. Demand for the product or service
        2. Your love for what you do

        I don't know about anybody else here, but if somebody told me I could make
        $1 million a day selling pens, I just couldn't do it. Pens bore the hell out of me...
        Yeah, you should not invest energy in piano preparation, when the market is looking for straw hat. And if someone is bored with selling pens, he/she must not to do that. Customers aren't stupid () and realize if you uninterested, and they left you.

        ...If I'm going to do something, it has to be something I love.
        Natural human feeling. (For the most.)

        ...If I were to start all over, I'd do something with music, or video games or card games. I'd get into the entertainment niche...
        Steven you know the saying: 'There is never late'. If you feel you're capable then go for that game business! How far you get away with it? You'll know, if you try. In order to swim, need to go into the water.

        ...Because I never truly reached the happiness level I was hoping for simply because IM was not my real passion in life. It never will be. It can't be. It's a means to an ends...
        Do you know that you are supporting my thoughs? But please, put these gloomy thoughts aside. You are capable to build that musical authority site. Hey, when can I read that?

        ...Money isn't everything.

        Some people have to find this out the hard way...
        There is who is studying at the other's expense. There is who can learn at his own expense. And of course, some never learn.

        ...More likely than not, OTHER people have those same passions and problems and will be more than willing to spend money on a solution to those problems...
        Supply and demand.

        Steven, many thanks for your words of wisdom.

        Cheers,

        Sandor
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    • Profile picture of the author Sandor Verebi
      Originally Posted by HeySal View Post

      What some people seem to miss in Sandor's post is that he is talking about building a business or a career that will motivate you throughout the years. He's not talking about jumping online to make a buck or two - or maybe a large amount.

      To do something you love for the rest of your life isn't "money making" in itself, it's not a job. It's an adventure that will play a part in all areas of your life. Any idiot can get online and make a buck or two. Some luck into millions. ..........but a life needs fulfillment and creating a business that fulfills all of your needs, keeping you stimulated to do more, know more throughout your life takes some introspection.

      The people who can't get past the money are going to have a sad future, whether they make the money or not.
      Sal,

      It seems to me that I run out of my thank you quantity. To my sincere regret.

      I can not thank you enough that you understand my intention. Your kind words give me more energy for my helping others endeavour.

      Cheers,

      Sandor

      Update: I was wrong regarding the thank you button. I can see now the result of my push.
      Signature

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  • Profile picture of the author Joseph Robinson
    Banned
    Very, very impressive Sandor. You certainly have a good head on your shoulders and an outlook on things that newbies and veterans alike would do well to adopt. I missed the trolling; but for those who think Sandor's ability to write in English determines the value of his lesson, Dan's post here should be educational to you.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by Joe Robinson View Post

      Very, very impressive Sandor. You certainly have a good head on your shoulders and an outlook on things that newbies and veterans alike would do well to adopt. I missed the trolling; but for those who think Sandor's ability to write in English determines the value of his lesson, Dan's post here should be educational to you.
      Joe,

      It was very kind of you. I take it as an encouragement. And I want to meet that.

      But it would not be good if I would think to much of myself.

      Because the hot water has already been invented. And the inventor was someone else.

      Cheers,

      Sandor
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      • Profile picture of the author Joseph Robinson
        Banned
        Originally Posted by Sandor Verebi View Post

        Joe,

        It was very kind of you. I take it as an encouragement. And I want to meet that.

        But it would not be good if I would think to much of myself.

        Because the hot water has already been invented. And the inventor was someone else.

        Cheers,

        Sandor
        True; but you don't have to undervalue yourself either .
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        • Profile picture of the author Sandor Verebi
          Originally Posted by Joe Robinson View Post

          True; but you don't have to undervalue yourself either .
          Joe, great reminder.

          If my memory serves me well I heard that already somewhere, sometimes. And if they placed you into a particular box, you will be hard to get out of that.

          Cheers,

          Sandor
          Signature

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          • Profile picture of the author rosetrees
            In order to build a long term, sustainable, business you have to enjoy what you are doing.

            I'm sure many of us who have been online for any reasonable length of time will have tried several things. I have tried many that, in theory, could earn reasonable amounts of money, but if they don't interest me I simply can't make myself do the work that is necessary.

            I've read many threads here over the years from people who have put a lot of time and effort into making a particular business model work. Many, I'm sure, will have let that model lapse as they move on and find that it wasn't a model that actually interested them.

            One of the joys of being self-employed is that you aren't tied to anyone else's job description. If the opportunity arises for growth, development or change you are free to do so if it interests you.

            I have what I call a butterfly mind. I rarely stick with anything work related for more than about 5 years as I become bored with it. Self-employment has given me the freedom to work in several different areas simultaneously and to move on when I want to, or find something else that interests or motivates me.

            Motivation is the big issue for anyone that is self-employed and having passion for your area of work or subject is one of the biggest motivators there is.

            Those who aren't self-motivated or who can't work without someone else telling them what to do simply aren't suited to self-employment. Yes, running an online business is, for most of us, self-employment. The "tell me what to do" mentality is often seen here when people post asking us to tell them what to do and what business to run. They are the people who should be employed. They aren't self-motivated, they aren't prepared to experiment.

            I can tell from Sandor's replies that this is a topic that he is passionate about. Doing your research and planning your direction before starting is only part of the story, in my opinion. It's an important part. As Chairman Mao said, "A journey of a thousand miles starts with a single step". You have to make that first step. You have to start by knowing, or thinking you know, where you want to go. But you also have to be prepared to reassess both the route and the destination as you gain experience.
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            • Profile picture of the author Sandor Verebi
              Originally Posted by rosetrees View Post

              In order to build a long term, sustainable, business you have to enjoy what you are doing.

              I'm sure many of us who have been online for any reasonable length of time will have tried several things. I have tried many that, in theory, could earn reasonable amounts of money, but if they don't interest me I simply can't make myself do the work that is necessary.

              I've read many threads here over the years from people who have put a lot of time and effort into making a particular business model work. Many, I'm sure, will have let that model lapse as they move on and find that it wasn't a model that actually interested them.

              One of the joys of being self-employed is that you aren't tied to anyone else's job description. If the opportunity arises for growth, development or change you are free to do so if it interests you.

              I have what I call a butterfly mind. I rarely stick with anything work related for more than about 5 years as I become bored with it. Self-employment has given me the freedom to work in several different areas simultaneously and to move on when I want to, or find something else that interests or motivates me.

              Motivation is the big issue for anyone that is self-employed and having passion for your area of work or subject is one of the biggest motivators there is.

              Those who aren't self-motivated or who can't work without someone else telling them what to do simply aren't suited to self-employment. Yes, running an online business is, for most of us, self-employment. The "tell me what to do" mentality is often seen here when people post asking us to tell them what to do and what business to run. They are the people who should be employed. They aren't self-motivated, they aren't prepared to experiment.

              I can tell from Sandor's replies that this is a topic that he is passionate about. Doing your research and planning your direction before starting is only part of the story, in my opinion. It's an important part. As Chairman Mao said, "A journey of a thousand miles starts with a single step". You have to make that first step. You have to start by knowing, or thinking you know, where you want to go. But you also have to be prepared to reassess both the route and the destination as you gain experience.
              I had already realized that if you don't enjoy what you are doing, then you will not enjoy your life either. And our life is short enough to exclude its enjoyment.

              I do not really understand those people who are employees and spend their time to complain about problems of their workplace if their boss is away. If you have so many problems with your workplace, why not do something about it.

              When I was in the corporate world, I oftentimes heard such talk. Talking parties enjoyed the lamentation only, not their work. Generally found that they were not really looking for a solution. They want to make excuses only, why all the problem is someone else's fault.

              There you are. They haven't courage to call the boss stupid face to face. They had a fear to loose their job. They weren't free individuals at all.

              And you know what? I was one of them. You heard that well. LOL

              But I arrived to the point when I said enough is enough. I took the first opportunity which occured to changing. I relieved. At last, I could be independent entrepreneur. There is a good feeling about doing things when you want to, and doing what you want to.

              Dou you like travel? I mentioned above, that our life is short. And we need to enjoy this journey.

              How?

              - There is something enjoyable in the activity you're doing, you just need to notice. Focus your life on that. You'll realize such elements of that activity that are enjoyable. And through the enjoyable parts you are going to love the whole thing.

              - Another solution may be, if you challenge yourself some way. If you avoid the easy road, you'll achieve more and you'll have a nicer time doing it.

              So, try to regain your courage before it becomes too late.

              Carol, your important contribution was a great read.:

              Thank you!

              Sandor
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  • Profile picture of the author dannn1
    Great post. I really think that if you choose a business model that interests and invigorates you (to a certain extent) that your chance of becoming successful is hugely increased.

    When you are interested and love the work you are doing, you don't need external motivators or incentives. You do it because you like to do it, and you know that if you don't do it you will not be satisfied with yourself.

    Until you reach the point where work is no longer work (in the traditional sense), it is really hard to reach your full potential. In Internet marketing especially, not being fully interested and committed to your online business venture can spell doom for your business.

    So, choose something that interests you and build an online business around it. A good way of doing this is to build an email mailing list and market related products to it.

    You do this by building a one page website called a squeeze page where visitors can join your list. To get them to join, you create a free incentive (like an eBook or report on the subject that interests you). Once they join, you market related products to them and collect commissions as an affiliate.

    This is a great way to make money online while still being active in something that interests you. You can build this type of business with an email mailing list in truly any area you can think of. It's also a reliable and sustainable way of making money online - many WForumers can attest to its greatness .
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    • Profile picture of the author Sandor Verebi
      Hi dann1,

      Nice to meet you here. Seems to me that both of us thinking similar way.

      Originally Posted by dannn1 View Post

      Great post. I really think that if you choose a business model that interests and invigorates you (to a certain extent) that your chance of becoming successful is hugely increased.

      When you are interested and love the work you are doing, you don't need external motivators or incentives. You do it because you like to do it, and you know that if you don't do it you will not be satisfied with yourself....
      If you do not like what you do, you're doing it without a heart. And the result will be so like your activity.

      ...Until you reach the point where work is no longer work (in the traditional sense), it is really hard to reach your full potential...
      Those who live for the moment, they are not concerned about it.

      ...In Internet marketing especially, not being fully interested and committed to your online business venture can spell doom for your business...
      Unfortunately, I have seen many examples of this. And the statistics speak about it too. However I know that everyone read statistics on their way.

      So, choose something that interests you and build an online business around it. A good way of doing this is to build an email mailing list and market related products to it.

      You do this by building a one page website called a squeeze page where visitors can join your list. To get them to join, you create a free incentive (like an eBook or report on the subject that interests you). Once they join, you market related products to them and collect commissions as an affiliate.

      This is a great way to make money online while still being active in something that interests you. You can build this type of business with an email mailing list in truly any area you can think of. It's also a reliable and sustainable way of making money online - many WForumers can attest to its greatness .
      It's a good idea. You just need to incorporate that into the business plan, then implement it. As soon as possible. Go!

      Thank you,

      Sandor
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  • Profile picture of the author hehejo
    Great post.

    I would also add "Just do it". The easiest way to find out if something works or if you enjoy it is trying it out. Too many people get stuck at trying to figure out the right thing to do and never end up doing anything.
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    • Profile picture of the author Sandor Verebi
      Hi hehejo,

      Originally Posted by hehejo View Post

      Great post.

      I would also add "Just do it". The easiest way to find out if something works or if you enjoy it is trying it out...
      Right. You do not know how fine the food is until you taste it. Then you swallow the food, or spit out.

      ...Too many people get stuck at trying to figure out the right thing to do and never end up doing anything.
      This is so. As I've found there is always a handy excuse to why we don't do something about it.

      Thank you for your contribution.

      Many successes,

      Sandor
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  • Profile picture of the author Takuya Hikichi
    Sandor,

    Always good to see you here sir. Hope you've been doing well and feeling healthy. Very nice post again.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by Takuya Hikichi View Post

      Sandor,

      Always good to see you here sir. Hope you've been doing well and feeling healthy. Very nice post again.
      Takulya,

      I appreciate your opinion.

      You know, sometimes you have a feeling that you have to return something to the community. Now it occured.

      I hope, fellows can get some useful out of it.

      Cheers,

      Sandor

      PS: Concerning health, I'm in good condition presently. Thank you for your kind interest.
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      • Profile picture of the author trackon
        Nice job Sandor Verebi your post is really good. It is more important to choose business according to your interest. If your job is interesting then money is no matter.
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        • Profile picture of the author Sandor Verebi
          Originally Posted by trackon View Post

          ... It is more important to choose business according to your interest. If your job is interesting then money is no matter.
          Thank you for your visit, trackon. I agree with your statement.

          Money isn't all. I mean: it is true that I do not turn away in disgust when I see money.

          But I don't chase it at all costs. And if I have, I try to do my best to use that appropriately.

          All the best,

          Sandor
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      • Profile picture of the author Sandor Verebi
        Originally Posted by Tom Kalten View Post

        Competetor analysis and the capital with you both can effect this. But In major as first step clarify your client requirements and how you are going to get them.
        Hi Tom,

        Re: Competitor analysis; Client requirements; How to get them. That elements are part of the market research, that is part of your business plan. The will be the subject of another post.. Stay tuned, please.

        Re: Capital. Some businesses need it at the start, others aren't. What I mean?

        One of my client - after consultation of her direction - set up a dog-walking business. Her aspects relating direction were:

        - she love animals

        - she has interest in dealing with them

        - she does take it as her hobby

        - she enjoys that activity

        - she want to be self-employed entrepreneur

        So, she decided on the basis of these aspects about her business direction. Then she looked after if this can be feasible and how. She did her business plan.

        And she started her business under $60. And she makes money at present.





        Another example: when I was starting my offline business anno 1990, I needed capital. But I used my savings and didn't ask for a bank loan.

        Thank you for your questions.

        Sandor
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  • Profile picture of the author maxpine11
    To be able to produce a lasting, sustainable, organization you must appreciate what exactly you are carrying out.I'm sure most of us who've been online for any affordable length of time will have tried using unique. We have tried using a lot of of which, in theory, can generate affordable levels of cash, but should they will not interest everyone I just am unable to help to make me accomplish the effort that may be necessary.
    I've truly understand a lot of posts here through the years through individuals who have placed time as well as energy in generating a unique business structure work. Many, I'm sure, will have permit of which product lapse as they go forward and locate who's was not a new product that truly curious these.Enthusiasm is the major concern for anyone that may be self-employed and having love to your section of function or maybe issue is just about the most significant motivators there is.Those that usually are not self-motivated or maybe whom are not able to function with no other people telling all of them how to proceed merely usually are not suitable for self-employment. Without a doubt, running a web based business is, for most of us, self-employment.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by maxpine11 View Post

      ...Enthusiasm is the major concern for anyone that may be self-employed and having love to your section of function or maybe issue is just about the most significant motivators there is...
      Right. Enthusiasm can inspire you to do your entrepreneuring activity that way that more and more people benefit from it.
      ..Those that usually are not self-motivated or maybe whom are not able to function with no other people telling all of them how to proceed merely usually are not suitable for self-employment...
      Yes, that is a basic principle.

      Maxpine11, thank you.

      Best,

      Sandor
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  • Profile picture of the author Andyhenry
    Hi Sandor,

    Thanks for taking the time and effort to put together such a thoughtful post. It's because of people like you that this forum is such a great place.

    In response to your questions in the OP I definitely agree that being interested and passionate can make all the difference, and on a simple note - why would you want to create a business that you were NOT passionate about and interested in?

    It amazes me that people often think it's a good idea to build their business solely around chasing money without caring that there's more to life and combining your passion with the way you make money brings you many more benefits.

    Life is a journey rather than a destination and it's really important to enjoy that journey, no matter what your goals along the way are.

    I think that one thing which many people who come into IM forget to consider is how to effectively use leverage in their business.

    My personal opinion is that it's because making money online brings with it so many opportunities that people often go for the low hanging fruit - the obvious ways to make money and leave out the ones that may take more money to start or effort to setup, but that ultimately bring in more over a longer period.

    Here's an example:

    I am into buying silver - it's my current retirement and investment strategy.

    Being a marketer I naturally look for ways to make this more than just a superficial thing related to money, so I do a lot of research into the markets and look at the things which affect the price of silver and it's future potential.

    There are a LOT of physical things I could create related to silver, such as a book which I wrote about why people new to silver might want to consider starting investing in it. That book took me a few months of sitting around making notes etc. and has made about $10k in sales.

    Some people would consider that a good investment of time (it's still selling today).

    However, when you consider that I sold 106 silver coins within 6 hours on Ebay on one day this week, which took around 30 minutes and made me around $700 in profit - you might think I'd be crazy to waste my time writing books.

    My point being - just because you see one way to make money - don't jump in and forget to look at how much of your time it will take and whether it's actually the most effective way to leverage your time.

    Many people jump on things which take a lot of time because they don't value their time.

    Andy
    Signature

    nothing to see here.

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    • Profile picture of the author Sandor Verebi
      Hi Andy,

      I feel honored by your visit here. Your present comment demonstrates again your familiarity and enthusiasm with the topic.

      Originally Posted by Andyhenry View Post

      ...It amazes me that people often think it's a good idea to build their business solely around chasing money without caring that there's more to life and combining your passion with the way you make money brings you many more benefits.

      Life is a journey rather than a destination and it's really important to enjoy that journey, no matter what your goals along the way are...
      Oour parents launch us into life usually with good intentions. They provide the first attitude sample (mostly good) and teach us not only live but also enjoy our life.

      If you follow that sample, you have a chance to realize the meaning of Life. That is that live your life full, othervise your mouth will become bitter during the journey. You don't know when it will end, but strive to reach your full potential - in order to say at the end: Was Worth It.

      ...I think that one thing which many people who come into IM forget to consider is how to effectively use leverage in their business.

      My personal opinion is that it's because making money online brings with it so many opportunities that people often go for the low hanging fruit - the obvious ways to make money and leave out the ones that may take more money to start or effort to setup, but that ultimately bring in more over a longer period.
      Yes, "the low hanging fruit" effect exists and works. General human qualities are that we tend to go toward the lighter resistance in achieving our goal.

      And yes, if people would think in perpective, they could have a better chance to build more profitable and sustained business. Just a small step is needed: learning.

      ...My point being - just because you see one way to make money - don't jump in and forget to look at how much of your time it will take and whether it's actually the most effective way to leverage your time.

      Many people jump on things which take a lot of time because they don't value their time...
      That's right. As I experienced, there are many people who have more time than money. They just don't know how to use their time more effectively. If they would learn that, they could be more successful in their business yourney.

      Andy, your contribution was a great read. Thank you.

      Sandor
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