Flex Green Blog
5Nov/11Off

Don’t Go Broke Trying to Build an Online Business

Spending the Big Bucks

How often are you purchasing ebooks, strategy guides and software to build you IM business? Are you spending cash hand over fist in pursuit of an ideal approach to implement your business idea? Do you find yourself hitting the BUY NOW button day after day, believing that you're about to find the missing link in your moneymaking chain? flexgreen.MBACAK7.hop.clickbank Dont Go Broke Trying to Build an Online Business

If you're spending a fortune on your business, you're not the only one. Many IMers are on the buy-buy-buy-and-buy-some-more treadmill.

Those spending habits have a logical appeal. It's entirely reasonable to invest in new strategies and tools to fine-tune your profitable IM enterprises. There's nothing crazy about acquiring new information and products in order to stay abreast of changes in the business. Making those purchases before you have a profitable business is a different matter, though.

There's a significant difference between trying to stay on the cutting edge and gambling on every possible tool in hopes of making a business work.

You want to handle this the right way. You want to avoid being the serial buyer whose efforts only add to his or her debt.

Buying the Right Way

So, how do you avoid becoming the wrong kind of serial buyer? The first step is creating a bedrock foundation for your IM business. If you strip away all of the details, tricks, options and creative new ideas from Internet marketing, it's a simple proposition.

You need a product to sell. You need a way to sell it. You need to bring traffic to your the site you'll use to make sales.

That's it. All of your efforts should relate to one of those basic needs.

That means that you should start by building a solid foundation on all three fronts. When you buy something, it must directly address one of those three foundational needs.

You need to build a solid foundation that will allow you to start making money online free before you begin worrying about the details. When you have a foundation in place, you will make money. Then, you can pay for those new products with house money instead of digging a hole for yourself.

Smart Foundation Building

You don't need to spend big money to build a profitable foundation. Here's a great approach to getting the job done.

  • Learn how Internet marketing works on a holistic, big picture level. You need to hear, straight from the proverbial horse's mouth, how things fit together and what really works.
  • Focus on ways to boost traffic. Traffic is, as noted, one of the core elements to a successful online business. It's probably the most important of those three elements. Until you have adequate traffic, you won't be able to find out if your products are attractive or if your copy is converting. You need to get people to your site as soon as possible.
  • Discover a continuing source of support and guidance. A smart ebook can be worth its weight in gold. Solid tutorial videos are a great idea. However, developing a real relationship with a successful mentor is much more valuable than any ebook or video series. Quality ongoing coaching makes the learning curve less steep and prevents you from wasting time, energy and resources on things you don't need.
  • Minimize your exposure. Find a way to accomplish those objectives without putting yourself at risk of substantial loss. Look for opportunities to secure the right information at a reasonable price. Look for a business coaching program or mentoring arrangement that doesn't cost more than you can afford.
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