Don’t Buy Into the Hype

One of the most important things that you can do to keep your business on track is to keep yourself on track!  In my online marketing business, it’s very easy to get so wrapped up in the constant flow of information from various sources, including the news media, forums, and various blogs that I subscribe to, that you actually never accomplish any real work!

For a new marketer especially, it’s important to spend a certain amount of time reading the forums and blog posts in order to learn the basics, however, any marketer – new or old – can get so caught up in reading the latest Google update analysis, or the latest offering from the gurus, or even the latest rant, that they lose track of time and spend money they do not need to spend on products that are, at best, marginally helpful in your quest to earn online.

Recently, after several years of frequenting various forums, and reading several guru’s blogs, I decided to *NOT* spend any time reading anything that didn’t directly relate to some concern that I had for my business.  The reason?  Because, honestly, the forums are full of people just like me…everyone is speculating on the effect that this change or that update will have on their overall business.  And, since my business was actually affected by the recent Google algorithm updates, I was desperately reading and TRYING different approaches to regain my lost ranking and lost earnings.  The result?  Utter chaos!  Over the past six months, I have changed every one of my sites no less than 3 times, many more than that.  I have purchased this plugin or that piece of software, all in the hopes of regaining what should have been only a temporary setback.  Instead, I turned it into a  half year saga…every week I bought some new plugin, some new report, or some new theory that other people had as to why MY business might have been affected!  

Finally, after months and months of frantically restructuring site after site after site, I realized what I was doing…if I hadn’t already been set back by an update to the algorithm, I was definitely setting myself back with all of my wild, erratic changes…I was setting myself up to be branded as a fly-by-night, ever changing, spammy marketer. 

As an experienced brick and mortar business person, I already know that!  But in my foray into the online business world, where every change you make is noticed immediately by your visitors, I forgot that consistency is still the key to stable, long term growth of your business.  Think about it…if every time you went to the web site for CNN, it was a totally different website, would you trust their content?  NO.  When you go to an established website, you expect a certain degree of continuity.  You don’t expect it to look like it’s been hacked, or redirected to a site that in no way resembles the site you found last time you visited.

So, rather than continue to repeatedly change and rearrange my entire business in the hopes of emulating the supposed success of another marketer…I completely cut myself off from purchasing any new plugins, software, reports, etc., aimed at improving, changing, or magically solving my problem.  I no longer spend more than 15 minutes in the forums.  I read each blog post with a grain of salt.  And, when I’m tempted to hit that BUY button, I look at the list of things that I have purchased in the past six months, and realize that I’m not using any of them.

So, this home business tip is simple:  Don’t buy into someone elses hype.  Build your business in a stable, consistent way.  While you might see the occasional setback, and you might need to adapt to changes in your market, make sure that you’re the one deciding what needs to change…not some “guru” who’s trying to sell you some report or some tool that will magically change things overnight.  Real business doesn’t work that way, and neither should your home based business.

Build Your Online Business for the Long Term

Want to build an online business that stands the test of time?  One that will support you for years, rather than making quick cash now, and fizzling in a few months or years? If so, then you need to build your online business with a solid foundation, paying careful attention to the things that will make your online business grow with the internet.  Here are a few tips for building an online business for the long term:

1. Have a business plan. Start with where your business is right now, know where you want to go with your business, and then outline the steps that you will take to get there.

2. Set goals for yourself and your business. Instead of just saying you are going to spend a certain amount of time working at your business, or that your business will be making a certain amount of money by a certain date, actually set achievable goals for both yourself and your business. And, make sure you set realistic goals.  Instead of saying, “I’m going to make $100,000 next year on my business,” sit down and figure out the incremental steps that you will need to make to reach that goal.  Then, take those steps and turn them into individual goals.  As you reach each individual goal, you will feel a sense of satisfaction, and the success of each small goal will fuel the desire and determination that will enable you to reach your ultimate goals. 

3. Build an ethical business.  While it can be really tempting to take shortcuts in your business, if you want a long term, sustainable business, you must build your online business with the same ethical standards that you would use to build an offline business. Your company name, reputation, and record of service should be an important factor in every web site that you build, every product that you sell, and every customer that you interact with.  Build a sterling reputation and your sales will grow.  Build a less than desirable reputation, and no one will trust your online presence. Your income will reflect that lack of trust. It’s that simple.

4. Take the time to learn the mechanics of your online business. It doesn’t matter if you are planning to outsource every website that you build, every article that is written for your sites, or even every dollar that you make, you still need to have an understanding of the “nuts and bolts” of how your business works in order to succeed. 

5. Treat your business like a business. Set aside specific times for answering customer emails, returning phone calls, and posting to your sites, and stick to those times.  Post on your sites when your customers can expect a return call, return email, etc., from you, and then make sure that you honor those times.  If you treat your business like a business, and regularly respond when you say you will respond, answer customer’s questions and concerns, then you will build the perception of a respectable business, and not just some nameless, faceless scammer sitting behind a computer screen somewhere.

6. Diversify your income as soon as possible.  The internet is an ever-changing entity, and as such, your business needs the flexibility to grow and change with it.  Instead of focusing all your efforts towards a single stream of income, build multiple income streams, so that if one stream dries up, you have others already in place to replace the income while you rebuild the stream that has changed.

While it may take a little longer to build your online business this way, building a sustainable business that will stand the test of time will ensure that your websites and your online income will continue to grow with the internet, and not flare quickly, and then die equally as fast.