Archive for April, 2008

10 Essential Traits For Entrepreneurs

Successful entrepreneurs are not born. Anyone can be a successful entrepreneur. However, there are some specific entrepreneurial traits a person must have to be successful. Of course, entrepreneurship is not for everyone. But with these particular character traits, you can see if you really have what it takes to succeed in the highly-competitive, world of business.

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Although you may be on a tight budget, you have to be realistic about where your strengths lie. Are you a great software developer but can’t write a sales letter? Are you an expert at graphics but don’t know how to use them to build a web page? Be honest about what you’re good at and outsource or let someone else take care of the rest. Although it may cost you a little bit of money, in the end it will save you a lot of time. And when it comes to online business, the faster you can get things done the better. After all, a half finished project is not earning you anything!

Affiliate marketing is among the most popular tools used by many online entrepreneurs today. It is a great option for those who want to put up an online business quickly and cheaply. This was certainly my initial online strategy. However, like most new online entrepreneurs, I knew little or nothing about doing it successfully. I assumed that I could easily make money with this strategy in a short period of time. Boy was I wrong.

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The people around you have a huge influence on your business. If they are supportive, dedicated individuals who are willing to help you work toward your business goals, you will be significantly more likely to succeed. That’s why you may frequently hear seasoned online marketers suggest that you find mentors. Mentors can help you get through the rough spots, keep you encouraged and open up business opportunities.

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Five Habits to Online Success

If you are like me, every month or so you receive an e-mail about a new product launch that you should take advantage of to improve your business. You must be one of the first to purchase to get added bonuses and special pricing. (Heard this before?)

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When it comes to defining your target market, the more specific you are the better. One of the biggest mistakes is trying to please everyone. In the end it’s an impossible task – and all you end up doing is not truly pleasing anyone. So choose a very targeted audience and work on offering them EXACTLY what they want. You can always branch out later to other customers with similar interests.

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