Continued from page 1
Now at those figures you can probably do something in a month or two. However, NOTHING is how it seems at first glance. Not that those great ideas are not great ideas, nor, that they cannot work. But, be aware they are not three SIMPLE FREE steps. There is no instant overnight magic. It takes a lot of CASH or SWEATY EQUITY. Take it from one who is doing what you are about to attempt to do. I am being honest and down to earth. I am convinced that
great marketing guru like Corey Rudl knows what he is talking about and I have bought most of his programs and use them effectively on my site rms4profit. As a matter of fact I am one of his affiliates. However, like I say it is no overnight magic. It takes work. Lots of it. Forget hype. The reality is, nothing in life is that easy. While most of ideas are practical and fairly simple to implement, do not expect to quit your day job and rake in profits on a shoestring capital overnight.
Much work goes into establishing yourself as a premier entrepreneur. There area a few tips which can ensure that you achieve your expected goal. Firstly, if all else fails you must LOVE what you are doing and have capital and patience to stick it out. Secondly, (and personally I think this should be first but sadly most people do not see it my way), you must find something that is in demand. Something Public or a segment of public big enough to meet your income goals or requirements need and is willing to pay for.
My first business was a convenience store. I was excited and had many convictions as to what I would sell. An old experienced businessman and a banker friend advised me against it. “Sell what people want and not what you want,” was their echoed advise. I did not listen and of course I failed. My advice to you just starting up with no idea of what kind of business to get involved in is, find a niche and fill it. NOTE I did not say find what is HOT! You can get burned. There is a difference. A niche is an area not being filled and is in demand, or, an area with a large enough market share to facilitate your income demand. What is a market share? Simply put: If there are 600,000 people needing and BUYING Gravel Flying Pads ANNUALLY and there are 10 companies supplying it, then market share is 60,000 for each company. If each pad cost. $2.00 then each company has potential to make $120k annually. When you add your company it becomes 11 companies market share is now 600,000 divided by 11. You get picture. The question then becomes is this a sustainable income?
Right now there is a demand for products delivered electronically over Internet, They are very easy to produce and even less hassle to deliver and market. No experience is needed. However, it is no instant success. But, it is a good sustainable income. As a new entrepreneur on Internet you have to create multiple income streams. Actually, a multiple income stream is a must. I encourage work at home self employed mom or dad or child for that matter to use overture word search and see how many people on a daily basis are actually looking for what you are selling and no matter what, don’t give up. I also encourage you to research carefully area you plan to venture into.
Sign up for a few newsletters read all you can read. Read articles on area you intend to venture into. After all you have worked hard for your money. Not to throw it away on some whimsical notion. Remember you can succeed. If you truly believe in your idea there are ways to test them. This article does not cover scope of that topic. Do not let limited cash become your stumbling block or your great wall. Your idea is your capital. You too can succeed. If I can do it so can YOU!
Rudolph Strachan is a young accomplished businessman, author and artist. He is cofounder of www.rms4profit.com and Bahamas Aficionados www.rmsbahamas.com both of which are subsidiaries of Resource Marketing Services. He is married with two lovely daughters and a dog. He loves helping people and offers his free newsletters to YOU the young and not so young aspiring entrepreneurs to help you avoid the many pitfalls he has found himself victim to in the past.
