What Do You Need To Consider
Before Starting Your Business?
And you must also be certain that youll commit to making that business a success.
Some initial things you want to think about:
What is the nature of the business?
What do you want to accomplish with your business?
What will you sell?
Will you build your business in the traditional (offline brick & mortar) way?
Will you build your business online? Will you build a combination offline/online business?
You are in sales
The very first thing you absolutely MUST understand is that you are a sales person.
This holds true in business because the very nature of a business is the act of selling a product, or service.
This also holds true in your personal life because you sell your personality to get a mate or significant other, and friends.
It holds true when you seek employment because you sell the fact that you have the skills necessary to perform the job requirements, you sell the assurance that you will perform the job requirements, and you sell your guarantee that youll show up for work.
In every area of your life you are a sales person!
My business had to be mobile.
When I first decided I wanted to start a business I had one main condition that my business had to satisfy – or it wasnt a doable business.
You see, I really enjoy travelling, and any business I launched had to not only provide me with a comfortable life
…but it also had to pay for me, and my family, to go anywhere we decided to go (comfortably)
…at any time we wanted to take off and go (time freedom)
…and it had to be a business I could maintain while we were going there – while we were there – and while we were going back.
If we decided we were going back…
My business had to be a mobile business.
Because of that basic stipulation I decided on creating a business on the internet, because working online allows me to take a laptop, a smart phone or tablet, and a hotspot with me while I travel.
And run my business from anywhere.
So many choices.
But even a business that seems, at first, so very basic turned out to have a number of business models hidden inside.
I started out with affiliate marketing, as many newbies do. And I did okay with that.
Then I discovered that owning a product to market gets you a higher profit, so I went off in search of that.
I continued working my affiliate marketing, so adding my own product created a new income stream for me.
And maintaining multiple streams of income gives your business a comfortable level of security.
In the past I had a good bit of experience in different subject areas, and that gave me the knowledge I needed to write a number of books – so I did.
And now I have a few books that I market on various websites that I own, and also on Amazon.
I learned about retail arbitrage.
Thats where I stop in at department stores like Walmart, look at products that are on sale, and products that are on the close out shelves.
I identify the products with prices that I can turn around and sell online for a markup and profit.
I learned about buying wholesale, and selling at retail.
And I added those marketing techniques to my income streams.
I did run into one thing about the arbitrage & wholesale methods though.
Theyre a bit labor intensive. Snooping around those shelves in a store takes time. So does ordering product at wholesale. And the packaging and shipping process takes even more time.
I did learn some shortcuts for those time consuming tasks eventually.
When youre mobile like I am you want a business that takes no more than a couple hours a day at most. You got sights to see. I wont abandon these streams, but I dont get distracted by low profit opportunities either.
Now Im learning, and implementing, revenue sharing, real time bidding, and social media business techniques. Ive added those to my collection of income streams, and theyre looking good.
Dont get confused by too much input.
I dont recommend that you jump into more than one income stream at a time if you dont have experience with the techniques. Youll get overwhelmed.
This isnt about getting rich fast. No such thing anyway. This is about building a true business with multiple streams of income. This is about growing slow and steady. Thats how you learn, and become successful.
The whole point is that you understand there are a whole bunch of different types of business models, and it depends on what you want your business to do for you which model(s) you persue. Once you know the ones that youre most comfortable with you can begin putting your income streams together to build a true, secure business.
Make a list of your chosen business models. Place them in the order of your comfort zones. Start with the method you feel most comfortable with. Learn that method. Build it so its working well for you. Then start learning the next one on your list.
And smoothly, over time, youll have a successful business you can be proud of.
The “business we can run from anywhere” guy