10 Success Keys For Online Entrepreneurs


Many people like to be tagged with the word ' entrepreneur ' not realizing that the life of an entrepreneur is not as smooth as the sound of the word itself. Offline entrepreneurship has been around for a while but business owners still face one challenge or the other, talk less of online entrepreneurship which can be describe as ' budding.'
The journey to online entrepreneurship success is long and challenging. One that can test your level of tolerance, focus, grit and determination. However, following the below 10 qualities spotted in successful online entrepreneurs can set you apart from the rest.

1. Love your niche
Love your online business niche. Don't rush into anyhow online business. Don't go in because your friends are doing great in it. Rather, look at all the known online business your research can uncover and think about the one you admire. Choose the one you know you can overcome the challenges with passion. After you have been in the business, try to win evil with good deed by loving your partners, suppliers, customers, investors and everyone who is giving you one support or the other.

2. Maintain focus
Focusing on your set goals can help you to overcome challenges and to perform beyond limitations. Where do you want to be in the next 6 months, 1, 2 or more years? The truth is that life naturally will tend
to work against you because life does not give anytime worthwhile easily. Your online goals can only be accomplished by being focus.

3. Be consistent
I can say that consistency work best online than offline. You can only grow your social media followers, blog traffic, online store customers by being consistent through regular updating of status, contents and adding new features everytime.

4. Spend time on your business
You only harvest what you sow. The normal working hours for a day job is 8 hours. Spending almost 8 hours on your online business everyday can be really rewarding as you cannot compare what you will
accomplished in 8 working hours with 2 hours of working. Though I must admit that it is not easy to work for 8 hours online in a day amid many factors but always try to work up to your optimum capacity.

5. Be a pacesetter
Being a pacesetter means to be creative. Think of how to add new things to your online business.
Make the delivery process easier than your competitors. Create new product or service, add new features to existing product, discover new ways of production, market in a different way e.t.c

6. Open to feedback, questions and comments
Be an open system. Be aware of your online  business strength and weakness while at the same time open to everything around you. Don't love to always listen to positive things about you and your online
business. The only way to succeed is to always look for loopholes in your business and find a way to fill them at the early stage.
Make sure you have someone both within and outside your business who can give you honest feedback. Ask your customers, employees, partners, visitors to your blog or website for regular comments, questions and feedback about your business.

7. Access yourself
At the end of a specific period say a month, always ask yourself whether you are getting value for your money or time spent. Try to do things differently if you are going for like 3 months without a positive Return On Investment (ROI). If the the result is good, continue doing what you are doing.

8. Get offline
Though, most of your activity will be done online with keyboard, mouse and CPU as your companion, you need to occasionally get out to promote your business offline. Talk to real people e.g bloggers, webmasters,
press, partners, customers and suppliers. Doing this will help you to know what position your online business occupy in the real world.

9. Have a budget
A budget is " the money that is available to a person or an organization and a plan of how it will be spent over a period of time." You need to have a plan of how you will spend your income. At the budding stage of your online business you have to be spending certain part of your income back into the business. You have to know how much you want to be taking as your wages and salaries and know what impact your daily decisions will have on your cash balance.

10. Challenge yourself
Set a high target for yourself. Try to accomplish what you have been accomplishing in two months within a month. Set a target to break new ground on innovation, profits, customer relation and increment, marketing, sales, skill acquisition, employment, media, technology e.t.c

Suggested articles for reading

How to become an authority in your online niche

How to make money with mobile apps

Why need a Facebook fan page for your business

How to improve your online decision making skills


 
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