Saturday, May 31, 2008

Making Money Online, What is the Key Ingredient? Mindset!

Starting your own Internet Business and becoming a successful entrepreneur is not as impossible as it seems. All it takes is getting your self in the right mindset.

First

One thing you have to get in your head from the start is there is no such thing as becoming rich overnight. It takes time and hard work to become successful in owning a home business. As they say….Rome wasn’t built in a day.

When you are first starting out in the world of owning your own home business it can take months to generate an income large enough to keep you and your family supported. In those months it can be very easy to get stressed out and discouraged and want to quit. This is why most people fail in starting a home business. They believe all the hype they see online about getting rich overnight and they join an income opportunity or something to that effect and expect to be rich with very little work. This is a big mistake. You can not get something for nothing. It is your home business and you are only going to get out of it what you put into it. Stay strong and don’t give up. Give yourself at least 6 months to a year to create a solid home business.

Second

The second thing that causes most people to fail is letting others influence their thoughts in a negative manner. Many family and friends, though meaning well, can cause you to quit before you see the true benefits of your labor. They will tell you it’s not a real job, you are wasting your time and money…and so on. They will tell you this again and again sometimes maybe even to the point of not so nice of words being exchanged. Again, you have to stay strong. Stand your ground. This is your future, your dream, your life. If you don’t stand up for it, who will?

A way to avoid any conflict is to not quit your job until you at least match your income and it stays this way for atleast three months in a row. Another is to quite simply not tell anyone you are doing a home business until you are actually seeing an income from it online. Then your friends and family will see this and they will come to you wanting to know how you are doing it. This of course is the best lead you can get because you have already struck their curiosity and they will be more likely to listen to what you have to say.

Third

The third mindset is responsibility. It can be very easy to let the fun things in life get in the way of your work. When you are involved in a home business you are the boss. There is no one to keep you working but you. A friend comes over and wants to go out and shoot pool or your significant other wants to go to the movies. You say to yourself.. well I can do my work later. The problem with this is later never comes. Things will always get in the way of your home business if you let them.
A good way to prevent this is to make up a schedule and stick to it. Find a quiet spot in your home where there are no distractions and make this your personal work space. Make sure your friends and family know that you are not to be disturbed during your scheduled work hours and that they need to respect this.

Don’t forget to leave time in your schedule for family and friends. Though it is very important to put time and effort into your home business it is equally if not more important to have time to relax and enjoy life. Too much work will cause you allot of stress and before long the boys in white will be coming to put you in a straight jacket and put you in a padded room.

Fourth

The fourth and final mindset that is also very important is financial responsibility. When you start seeing an income from your home business it can get pretty exciting and in that excitement you can forget that in order to stay in business and make it successful is to pay for your advertising with part of your profits. Your goal is to minimize your out of pocket expense. A good rule of thumb that I have followed is to reinvest at least 30% of your profits to your advertising and marketing efforts. This in turn will help your profits grow which also grows your marketing budget and will eventually completely eliminate your out of pocket expense.

If you follow my advice and never quit, you will see success. This is how I have come to be successful in realizing my dreams and I am sure it will work for you as well. I wish you success.

MyInternetBusiness is a Success, Yours Can be too.



2008 www.makemoneyonline-myinternetbusiness.blogspot.com Internet Business

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