These tips for Online Entrepreneurs were complied for entrepreneurs and ordinary people who are interested in the best way to earn money online.
Many people are turning to the internet to make money thanks to the number of opportunities available on the web.
However, not everyone is successful in producing income as well as others, and often times end up failing or just quitting altogether.
In most cases this is due to selecting the wrong business model or not choosing a specific niche, poor planning and high expectations.
Becoming a successful entrepreneur is no easy accomplishment. Sacrifice, hard work and an unwavering determination for achieving greatness are required. So is surviving your mistakes — because they will happen.
During the holidays we tend to disconnect entirely from work. After a few splendid weeks being detached, it’s especially hard to get back to focus. A study established by Glance Networks, found that most businesses don’t get back to normal productivity levels until usually three weeks after New Year’s Day.
However, with some planning, you can get back into things faster than your competition and set your business up for a productive month (and year). Before you enter the world of online entrepreneurship it is important that you do your homework.
To help you in this respect given below are 25 valuable tips you can do right now to hit the ground running in 2017.
25 Tips for Online Entrepreneurs in 2017
Invest In a Good Internet Connection
If you are online, you need a good internet connection. Without a fast internet connection, you could miss out on orders and customer questions. In short, your business could be paralyzed.
Choose The Right Business for You
Make sure you pick the right kind of business to start with. There are many options from selling products to starting a blog to trying your hands at MLM (multi-level marketing). It is very important that you study the industry and then pick something you have real interest in and are passionate about.
You can also choose a business idea or niche that you have experience or knowledge about regarding any topic of your choice. In case you know nothing, it is important that you take a few online entrepreneurship courses to expand you’re thinking and get your creative juices flowing.
Solve A Problem You Have
Go after solving a problem that you have. Something that’s near and dear to you, not some random market opportunity. Because, when things get hard, if you’re chasing just the dollars, or a random market opportunity, you’re not going to be able to have the determination or the passion, to stay with it.
Believe it or not, most ideas on the internet are copies of one another from giants like Orkut to Google to Facebook. Remember that it is okay to copy as long as you can do better than the original. If you are going to provide people the same thing, see how you can do it differently. This point is very important as many people often get inspired by a business but then lose due to stiff competition simply because they couldn’t outdo competitors.
Create a Work Space Devoted for Business Only
When starting out many online entrepreneurs work from home. The people you live with will likely interrupt you. It’s hard to focus on important business when people are trying to have a conversation with you. Create a space just for work only, nothing else.
Time Management The Key
It is very important that you remember the time gap. Big companies like YouTube are not earning big profits yet, well at least not as big as they can. You need to know that if you are doing everything right you will eventually take home a huge chunk of money but you need to be a little patient with everything.
Many people start an online business and close it within a few months losing all hope. You need to plan carefully and see when you expect to break even. It is best to go for a business model that requires little to no investment as this is one of the main benefits of online entrepreneurship as in numerous cases, you need nothing more than your time and efforts.
Get Started Early
Its best to get things done earlier in your day to ensure that you get scheduled task done before the day can get away from you. Distractions can rear their ugly heads. The best time to grind is 6-7am get up 8am hit the gym 9-2pm grind.
Implement An Exercise Plan To Your Daily Routine
Hitting the gym can be great for productivity. It gets your blood pumping and can help your brain function better to think more clearly and effectively. You should consult with a physician to ensure you are healthy enough before starting any exercise plan.
Plan Out Meals Ahead Of Time
It is very helpful to plan out your meals ahead of time so that you may stay fueled while you are working and have food ready to go so that you don’t need to take breaks to cook or go out and get food.
Plan Daily Task Monthly And Weekly
It is important to plan what you are going to be working on specifically on a monthly, weekly, and daily basis. Plan out what you want to accomplish in a year and plan out the major tasks that need to be done to reach those goals on a month to month basis.
At the end of the month plan out what to focus on during the next month week by week and day by day. Once the next month is planned out, plan the most important tasks that need to be done in the next week on a day by day basis. This way when you get up in the morning you can look at your list.
Paint A Picture For Long-Term Success
The New Year is a perfect time to set goals for all facets of your life. People who openly make resolutions are 10 times more likely to achieve their goals than those who don’t, and those odds for success increase to 50 percent when you write those goals down.
Strip Away Productivity Blockers
What was holding you back or frustrating you last year? I’ve found it’s the little things that end up wasting the most time. Like Social Media browsing! But the good news is that identifying time-sucks is the first step to eliminating them.
Set Rules About Email And Social Media
Ask yourself do you really need to be on Facebook or any of the social media sites for work. After self-evaluation, if you do, try to get in and out as quickly as possible without getting sucked into non business Facebook or social media activities. Use a timer to monitor the time spent and do not go over the selected time slot for no reason. The same goes for email.
Organize Your Web Assets
This extends much further than just organizing your business. Your web assets are everything from your website to your social media profiles to your hosting account. These need to be in order. All appropriate assets should be optimized for your brand. For example, your social media and webpages should have the same relevant keywords. They should be incorporated within an integrated marketing plan. It is important that they should be completely updated with the latest information about your company.
Protect Your Brand’s Online Reputation
Online business is all about reputation. The slightest mistake can taint your brand forever. The key is control. Setup a Google Alerts notification for your brand. That way, you’ll be able to inspect any mention of your brand. Have a firm set of branding and social media guidelines, so anyone posting on behalf of your brand is aware of what you expect from them.
Learn to deal with customer complaints and adopt a mindset of solving problems; even if the customer is wrong. You should be aware of social media channels your competition is using. And you should inspect keyword usage from all your competitors using the variety of tools Google provides.
Maintain Customer Data Safely
One problem business owners have is that they need to be able to keep data safely. You have a legal obligation to protect any customer information obtained online. For example, you should store information on separate devices and have a number of secure backups.
Do You Know Your Competition?
Any good business will know its competition. You need to know who you’re competing against so that you know why customers choose you over others, or vice versa. Nowhere is this more important than in the online world.
Stay On Top of the Latest Trends
The online world is one that is constantly changing and evolving. It evolves faster than anything you’ll see in the real world. Furthermore, you’ll see social media trends evolving all the time. You need to be on top of this so you too can be on the cutting edge of online marketing and branding.
Don’t Run From Risks
Just like a brick and mortar business, online businesses also face risk, which is why you need to prepare in advance. For example: If you run a website there is always the risk of it getting hacked etc. You should keep these points in mind and plan accordingly. Always have security and proper backup so that you don’t end up in trouble.
No business becomes an overnight success story. This is something you’ll have to accept if you want to enter the business world. Persistence will pay off in the end if you continue to do all the right things. You need to be consistent and stay focused on your goals.
Follow Your Heart
Simply put… the ability to do what you’re passionate about, and discovering a new way to live with purpose. There is a true saying “Certainty is more dangerous than ignorance.” “It’s up to us as entrepreneurs, to see the world as it should be –not necessarily how it is. When you think you’re sure of the way things are, that’s when you will get passed up and you don’t see the opportunities that real entrepreneurs foresee.”
Know When to Call It Quits
Sometimes an idea will fail. The biggest challenge for an entrepreneur is to know when an idea has failed. It’s no point trying to revive a dead duck. So don’t be scared to change course if necessary.
Success Takes Hustle
Hustle is an act of focus, not frenzy. Hustle is about subtraction and addition. It’s not about doing more, it’s about focusing on the things you need to do, in order to move your business forward.”
Promote, Promote, Promote…
It is very important that you promote your business. No one will know about it till you make them. You can use methods like blogging or advertising (Google etc.) to reach your target audience so that more and more people will know what you have to offer.
Don’t Give Up
“Don’t give up, don’t take anything personally, and don’t take no for an answer.” Refuse to accept failure as an option.