In the first part of this article, I told you that planning your business will be an important factor in your success. While it certainly will not guarantee that you will do well, I CAN promise you that if you do not have a plan, you have already lost.
Now when people think of planning, they get scared and think that they need to write a detailed, professional business plan. While I HIGHLY recommend that you create a serious business plan, I want you to know that I started with just a piece of paper, a pen, and ideas of what I wanted to do.
As an example, I will BRIEFLY tell you how I started. The first E-books I saw were selling on eBay, and they were selling like crazy. I knew right then that it was an industry I wanted to be a part of. The only problem is that I had no money, no products, and no idea how to sell E-books.
But what I did have right away was a rough idea of how I would grow my business. I knew that eBay would provide me with a fast source of income, so I decided that I would focus on gathering these funds in order to start a legitimate business. I saw other sellers getting as many as 500 transactions completed per month, and I know that I could translate those customers into a customer base to send to a website.
Knowing this, as soon as I made enough money to open up my website, I did. My website barely looked professional, and was nowhere near the level that most Internet marketers have, but it provided me with a start, which is all I needed. In fact, some of you reading this may have seen my website prior to our recent update, so you know what I tell you is the truth! I knew that even with my little experience, I was at least making money, and I could help others do the same.
I then made sure to advertise my website to every customer I had, and encourage them to visit my website, which would help create long term relationships with my previous customers. And with these basic pieces in place, I was able to turn my small eBay business into a still growing website with people subscribing everyday!
As you can see, the plan that I started with on day one was not very professional, and it involved only two steps, sell on eBay and start a website. But I envisioned exactly what I wanted to do, and how I would do it. Thanks to my unorthodox list, it helped me anticipate what services I would need, how much it would cost, the work involved, and everything inbetween. But most importantly, my plans helped me focus on my goals so that I could REALISTICALLY achieve my success one step at a time.
To this day I still plan my every move, and if you are serious about your business, you should seriously consider planning as well, no matter how much or how little you know.
To help you get started, here is a small list of questions you should ask yourself for EACH of your goals and projects:
What do you want to do?
Can you do this yourself, or do you need help?
How much time will it take you?
What services/software/products do you need?
How much money will it cost you?
What is the minimum you think you will make from your efforts?
What is the maximum you think you will make from your efforts?
Is your investment of your time, effort, and money worth the money you MIGHT make?
Can I use this to make even more profits, or is it a one time deal?
Do not wait any longer, if you have a business idea in mind, it is time to get started!
Author Resource:-
Solomon Huey started his Internet business as an eBay Power Seller. He now owns and operates an Internet Marketing website to help others make a living online. He focuses on teaching others how to sell downloadable products such as e-books, videos, templates, software, and more. Learn how you can do the same at his websites:
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