Secret of Making Money on the Internet

By George Sheema

Internet offers many opportunities for making money. Discover new possibilities of earning online and internet investments. The book gives you a full explanation of activities that can successfully operate over the Internet. Get clear instructions on how to proceed the online business.

• Language: English
• Publisher: George Sheema
• Release date: Oct 30, 2013
• ISBN: 9783955775278

Book preview

Conclusion

Why to go for it?

Start from the assumption that for every service or product (good) there is somebody who needs it, or simply „ wants it" . If we start looking for reasons, even in thoughts, why something cannot be done, we will never do anything.

Even for the greatest „nonsence" that comes to your mind there will always be someone who would buy it. There is no such thing as a bad idea, there are only wrong ways in its implementation or a bad timing. The timing means that the population, i.e. potential clients are not ready to understand and accept such a service or product. An extreme example: A mobile communication for customers in 1950s.

Business assumptions open doors for you

Build mainly on your education, knowledge, work and life, including contacts. It may not always be the results of your education or your work experience. People often have very good professional knowledge and experience in the field of their hobbies and passions or they can have someone proficient in their neighborhood yet without business and management skills.

The most common mistakes when starting business

There is no basic financial model, no business balance sheet, insufficient protection of initial capital and not taking into account the timing differences between expending funds and crediting account with value. Do you have a financial reserve? Can you manage your finances?

 Accurate determination of target groups , means and forms of approaching are not defined. Do you realize that there are different way of communication depending on the specific customer?

How effectively do you approach a student and a senior?

The time allocation between work, family and leisure. Only a work- life balance leads to a success in business. Do you know the term healthy lifestyle?

Misconception and stagnation in the development and in coming up with new ideas. It is an art to realize that success and money can change a person negatively. Keep in mind that nothing is permanent, everything must be constantly nurtured and fought for.

An entrepreneurship is a challenge that favors the prepared . If you understand the circumstances and potential effects of the most frequent mistakes in starting a business described above, you are on the right track.

Write a business plan

The business plan is often seen as a piece of paper and an expensive time delay of the time that could be devoted to other things associated with the business. This is a major mistake and many start-ups suffer the consequences of the fact that they have no boundaries, objectives, paths and options from the beginning. Their business becomes too chaotic and it has no system and rules.

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