Since 96% of all online businesses fail, you should be careful, driven, smart, and adventurous when starting an online business. Obviously when starting an online business, avoiding mistakes is key to your success because online mistakes cost serious money and waste lots of valuable time.
Unfortunately you don't have a time machine to use to go back and "undo" mistakes that you might make.
In online world, mistakes are simply "business killers" and sadly, most people who start an online business never recover from those mistakes.
Here's some facts that may factor into your decision if you're thinking of starting an online business:
* When starting an online business average newbie loses between $1,500.00 to $2,500.00 in first year of their online business on useless products and programs.
* The Department of Labor and Statistics says that 75,000 new people subscribe to Internet every day, 100,000 new web sites are built daily, and 125,000 people start a home-based business every week.
* 33% of all new millionaires achieve it through a home-based business.
With those types of statistics, its easy to see why starting an online business can have such a grand allure and be daunting all at same time. In fact, starting an online business can be one of easiest things to actually do and can easily become a part-time profitable business if you do it right.
So what do you have to remember or learn when starting an online business?
Here's a partial list of 8 items:
Starting an online business item #1: Remember that you need to plan well, have a distinct plan for what you want to do and how you are going to get there. If you don't have detail of "how's" regarding starting your online business, you will most likely waste more money than you can afford to and burn up more time than you should. Define a clear path from "idea to sale" right from start and realize that your flexibility in that path will be key to your success.
Starting an online business item #2: Remember that there are lots of 'get rich quick' type schemes available that contribute to overall Internet business hype. If you buy into any of this when starting an online business, you'll actually digress rather than progress because you'll be distracted and you will not be able to maximize your time.
Starting an online business item #3: Remember that there are certain similarities to offline and online success, but there is a distinct difference between online marketing and offline marketing. When starting an online business, make sure that you take what you know as an offline marketer and utilize what works in your online business and discard what doesn't.
Starting an online business item #4: Remember that you will need to be highly critical of information and will need to crave information and knowledge when starting an online business. You will be bombarded with lots of information, schemes, products, resources, and tactics for success when starting an online business, its only natural. Remember to be logical and critical of such information and crave knowledge needed to decide whether or not information is fitting for how you think, is useful to you in your online business, and has value to you regarding your long term plan.