Avoid These Mistakes As an Affiliate Home Based Business Entrepreneur

Many internet based business entrepreneurs today, who have websites of their own choose to earn an income with affiliate marketing. This is a great way to make money as there is no need to develop your own product or have any of the hassles that one encounters with collecting payment for products that you have sold, or the headache of having to ship these products to the respective customers.

The beauty of affiliate programs is that they are really simple to join and implement and the affiliate gets paid their commissions on a regular basis. This also gives everyone an equal chance of making money online and this attracts many people who are looking for a way to earn an extra income.

These are some of the mistakes that affiliate marketers need to avoid as these could end up costing them a fair amount of their profits on a daily basis.

1. The first mistake that many new affiliate marketers make is that they want to begin earning right away and they tend to choose a program that appears to be “hot” without actually thinking about whether or not the product really appeals to them or not. Making a decision in this manner is obviously not a good idea.

Instead of blindly following the crowd you would be wise to take a bit of time choosing a product that really interests you. For success in any undertaking you need some time to plan and work out what actions you should be taking.

If you research and choose a product that you find appealing and make sure that it is in demand, you will be able to promote it with far more confidence than something that you are only trying to sell to make money from.

2. Because it is so easy to join affiliate programs the temptation to join a multitude of them to try and earn more is something to avoid. We have all heard how important it is to have multiple sources of income and you may feel that you cannot lose by being a part of all these different programs, but the truth of the matter is that all this will do is dilute your focus as you will find it impossible to concentrate on each one of them.

The result of this is that you will not gain the maximum potential in any one of them and you will lose out on the kind of income that it may be possible to generate. The best way to achieve great results is by initially joining only one affiliate program and concentrating all your effort building that one.

The best time to look at joining another affiliate program is after the first one has begun to make a profit. If you follow the system of adding programs slowly but surely to your arsenal the chances of building a successful online income business are a great deal more achievable.

3. The last mistake that we are going to discuss here is the mistake of not buying and using the product or service yourself.

If your aim is to convince people to purchase a product the best way for you to do that is by using it yourself so that you know what the benefits and drawbacks are. If you have never used a product of service yourself how could you possibly convince someone else that it is good and know that this is true?

It is only when you experience something with a good outcome that you can truly get enthusiastic about it. This is the best way to relay the message that you want to pass on, as your natural excitement will be apparent in the way you promote what you are offering. Failing to do this will cost you dearly.

So to summarize; time is of the essence here. To build a profitable and successful online income based business you must take the necessary time to analyze and plan your strategies and check regularly to see whether or not you are on the right path.

Business Entrepreneurs and Perseverance

Perseverance is an important skill every entrepreneur should possess in order to achieve success in their business venture. Without this important skill, it is so easy to seek the way out when business challenges come up.

According to the Collins English dictionary perseverance is defined as ‘continued steady belief or efforts’. This is an approach that should be consistent in entrepreneurs despite the obstacles, discouragement and disappointments they face daily.

Without perseverance in an entrepreneur’s mind, efforts become lukewarm and results unachievable. Perseverance can be difficult to discover and sustain as obstacles can become tiring and insurmountable – emotions we all need to watch out for and overcome.. These feelings are common especially to new entrepreneurs who are trying to find their feet in the business world.

The Entrepreneurial Mindset

Successful entrepreneurs usually possess an uncompromising focus which enables them to achieve their business dreams. They forgo feelings of inadequacies, negative emotions and the “I can’t do it” attitude. Their lives are centered on their business goals and persevere until the goal is achieved.

These high achievers are motivated to reach the pinnacles of business success; they are never tuned into the negative words of “it’s not going to work”. Their focus is on one thing… the goal of success.

To feel this way, you must truly enjoy what you do and be passionate about your business. When you have a passion for an idea, the other skill sets including perseverance will come naturally.

How to Develop Perseverance

Find your Passion

Collins Dictionary defines passion as a strong enthusiasm for something. Perseverance goes hand in hand with passion. Analyse yourself by asking the following questions:

  • What part of your business excites you?
  • Have you deviated from your primary business vision or are you still on track?

Sometimes being an entrepreneur can feel like a circus juggler – with business administration, marketing, customer relations and more all crying out for your time. The initial vision can become obscured and frustration can easily set in. Take control by revisiting your vision and find your passion once again.

Make Time for the Task you Love

Sometimes the mundane business tasks take so much of your time; you struggle to find time to do the things you love about your business. Do not lose sight of what made you start out in business, find time to do those things as regularly as you can. If possible incorporate it into your daily activities, as this will be the booster that helps you persevere in hard times. For example if you love graphic designs, do not get carried away with marketing and book-keeping and stop designing – create time for your passion!

Practice Perseverance

Perseverance is not developed in a day; it takes time to acquire and this comes by regular practice. When you set a task for yourself make sure you complete it before you move on to another task. Stay focused on each task you embark upon and reward yourself with little treats for a job well done and for getting closer to your overall goal.

When you find something you are passionate about, it is so much easier to find the fortitude and perseverance to wade through the challenges. This is what separates the successful entrepreneurs from the ones that consistently struggle – which one will you rather be?

Do You Have What it Takes to Be a Home Based Business Entrepreneur?

Almost everyone thinks at one time or another about running their own business! Perhaps we see ourselves as the next Richard Branson or Donald Trump! Being an entrepreneur can be very appealing but not everyone is cut out to become one. This article asks the question: do you have what it takes to run your own successful online business?

One of the great things about the internet is that you start a business with very limited funds. For under $50 you can get a business set up and running – this provides a quick and safe way to see if you have the necessary skills to become a successful online entrepreneur. The beauty of this approach is that it can be started part-time around your regular work and family commitments.

Running an online business is not really about the product or service you provide. Far more important to your eventual success or not, are the attitudes and characteristics you bring to your business. Most business owners are taught to do a SWOT analysis on their business. The initials stand for Strengths, Weaknesses, Opportunities, and Threats. Unfortunately, very few owners actually do the same analysis on themselves! This can be a very enlightening process!

The first thing I recommend to all my clients is that they honestly evaluate their own strengths and weaknesses. Are they disciplined enough to get up early and work late? Do they see tasks through to completion? Are they prepared to take responsibility for their own success?

These are all important questions to ask before you spend any money! You must know how to plan, organize, and control every aspect of your new business. It is hard work and the buck always stops with you!

Organizing your time is a difficult task but if you want to run a successful home-based business, you must be able to do it. That may mean negotiating with children and partners, as well as keeping up with your regular commitments. You should also be able to work alone because now you’re the boss and all business decisions will be made by you! Kind of scary isn’t it?

You must also learn to be bigger than the problems you encounter. Even with an online business, you will have to deal with certain business problems and risks. You can’t eliminate such risks because they go hand in hand with running any business, whether online or offline. You must develop the resilience to overcome any challenges that you meet on route.

Running your own business will still mean that you will have to deal with all sorts of different kinds of people. You will encounter demanding customers, moody vendors, and some very sharp business practices that will happily drain your credit card if you allow them! To become a successful home-based business entrepreneur, you should know how to deal with all these situations.

Another ability you should possess is being able to make quick and accurate decisions. There is something called “the paralysis of analysis”, where we are so concerned about the possible consequences of our actions that we freeze the decision altogether. It is actually nearly impossible to know the full outcome of any decision we make – there are simply too many unknown variables. I have always followed my intuition and adopted the Nike philosophy – Just Do It! The more decisions you make the better you will get at them!

To be an effective online business entrepreneur, you must have lots of energy and superior work ethic. Owning an online business may mean working longs hours, usually late at night when the family has settled down, and on the weekends too. All of these sacrifices become worthwhile when the profits start rolling in!

Many of the risks we have spoken about can be reduced by choosing your home-based business carefully. There is a great deal of hype on the internet that may lead you to believe that money will come quickly and easily and without too much effort! These “instant wealth” opportunities should be avoided like the plague! Choose a reputable business with a proven track record and follow the system they teach.

Once you understand the responsibilities of an entrepreneur, then you can better assess if you have what it takes to become successful in an online business. Working at home with your own home-based online business requires dedication and hard work, but it can be done! Thousands of people just like you and I earn their living this way every day. You could be one of the success stories too!

Copyright (c) 2009 Steve Cowley

Starting a New Business – Logo Development Tips

As a small business entrepreneur, you are savvy enough to know that branding isn’t just for large multinational corporations. But how important should it be to your small business? To answer this question, let’s take a look at the two parts that define branding. There are the visual aspects of typography, colors and graphics. And there are the emotional aspects of a brand, the customer experiences and associations with the products or services. When one combines on-target design with positive customer experiences, you’ve got a business that can go places. Why is branding so important? Business is a big game and in this game you should always be in pursuit of a competitive advantage. This applies to businesses of any size.

Ideally, you want your logo to represent the reason why you are in business in the first place. First, read your mission statement of how you intend to win in business and who your target market will be. Then think about what kind of a logo would be necessary to hold its own against your competition. Now you are ready to communicate vital notes to a logo designer.

From the logo designer’s perspective, the logo is the single most important part of your branding that you will develop. True enough, your marketing materials and websites will go through many changes, but your logo should remain stable-the anchor and springboard of all of your branding. This is the ideal. A Madison Avenue ad agency might charge the equivalent of a luxury car for a logo, because major corporations know how important it is. It is ironic, that for small businesses, the proliferation of online factories means you can get a logo for the cost of a nice dinner. My recommendation is that you find an individual designer or small firm who will really listen to you and with which you can build a relationship. Not only will the fees still be very reasonable and affordable-you will receive value far exceeding payment.

On your first sales meeting, will it give you confidence to know you spent $45 on a logo? By the same token, as a small business owner, of course you don’t want to overspend. In fact, you don’t want to stress your marketing budget by overspending on any one piece of the puzzle.

Food for thought: is the success of Google’s logo through visibility and repetition or is it award-winning design? It’s really the only part of the branding that we see. The logo has become a cornerstone of the Internet, because the success of the company made it so. It’s achieved brand familiarity and with it trust, if not awe. What if Google was a D List search engine with a few hundred visitors a week, what would you think of their logo?

You’ve probably heard this before, but it’s worth repeating: you should include your logo on every piece of communication. Put it on every web page of your site, business cards, letterhead, envelopes, invoices, yellow page ads, building signage, newsletters, web buttons, promotional collateral, and certainly every ad. Familiarity begets trust and trust will lead to increased sales. Then perhaps if your logo is next to a competitor’s, they’ll contact you first.