While an online home-based business can be a very exciting endeavor, there are some pitfalls to be avoided if you are going to have some success.Some of these pitfalls include the following:* Getting distracted by other business opportunity offers;
* Getting distracted by other online based activities;
* Being bombarded with a tremendous amount of information that results in information overload.
* Being susceptible to a high level of business scam.Of course the above is not exhaustive but is enough to be cause for concern in running your online business.So how do you ensure that you at the very least avoid these pitfalls and get on with the task of running your business?The simple answer really is adequate preparation. Prepare yourself mentally in knowing what these pitfalls are for one, and the level of danger that they pose to the success of your business.Understanding how each of these threats can undermine your efforts at running your online home business is important in avoiding them and managing any attendant effects. For example, do you understand the danger posed to your own online business when you constantly pursue other business opportunities to you?Are you sufficiently aware of how allowing your enthusiasm to be driven by nothing but a slick sales pitch can negatively affect your mindset ultimately? Do you understand the linkage between this and the fact that you probably are guilty of jumping from opportunity to opportunity with no success to show?Do you understand the difference the importance of seeing yourself as an online home business operator and not an online consumer? Here is a clue – slick internet marketers love when you see yourself only as a consumer because then you tend to forget what your business is about. You become an easy sell.Businesses make rational buying decisions after careful thought and based on a good feel for how what they are buying fit into their business model. Consumers make decisions based on impulse and what they feel will bring them satisfaction.The lesson – you cannot be an online consumer trying to run an online home based business. You have to be a professional business operator.If you are going to have a good chance of running a successful online home based business, you have to get to understand the above issues at a very deep level. Just knowing that you should not waste time with e-mails or chasing other business opportunities when you should be doing something for your business is not enough.You have to have a deep understanding about these issues so that the negative consequences are drilled so deep into your consciousness that it becomes painful every time you even attempt to do anything like these that will undermine your own efforts. And we all know that most likely you will automatically seek to avoid the pain.That is your most effective approach to avoiding and dealing with the pitfalls that you are bound to face in running an online home-based business.
Running an Online Home Based Business – Avoiding The Usual Pitfalls
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.
A Guide on Successful Product Creation and Internet Marketing
Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.
The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.
It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!
With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.
With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.