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Saturday, September 03, 2016

7 Smart Ways to Generate Income Online

Make money with a laptop on work table with a splash of dollar bills.
As at today, there is statistical evidence that 95% of people who do business online are not making money. Of the 5% making money, only 1% is making good money. Yet, many more people are going online daily with the intention to make money. If you run a small business, taking it online is usually a great adventure and a lot of fun. What most small business owners think about when they take their small business online is the sales business model because it is fairly straight forward and easy to adopt. You simply become an online merchant by advertising your goods/services on your Website with a view to making sales. This appears to be what everybody does but there are other viable strategies smart online small business owners also use to generate income. If you really want to make money online, whatsoever you are currently doing online must tally with at least one of these seven ways to generate income.

01. Sell your own products.
02. Sell your own services.
03. Drop ship products.
04. Recommend affiliate products.
05. Sell ad space.
06. Create a joint venture with like-minded businesses.
07. Start an affiliate program.



By the time you master your online business very well, it is possible to combine two or more of these ways to increase your income and profits online. Some of these business models are most effective when you combine their revenues to maximize profits. For example, if you wanted to work with your sales model site to diversify your profit streams, you could sell your own product, while also recommending affiliate or joint venture products that would appeal to your audience and complement your offer. You could investigate drop-shipping options to even further diversify your product line. When your Website is up and running, a bit of creative thinking and experimentation on your part will reveal to you what works and what doesn’t. That is when you have to think of diversification. Diversification gives you all kinds of options when it comes to back-end and follow-up offers. And remember, if you have great offers, the customers who have bought from you once are likely to buy from you again. Repeat orders are highly indispensable to your profit margins by the time you command a respectable presence as an online marketer.


Friday, September 02, 2016

Top 4 Tips to Cure Chronic Procrastination

Notepad, flowers, pen, calculator and glass of water on work table.
I have heard it said that procrastination is the thief of time. These days, time is such a precious commodity that wasting it can actually harm your business. Many entrepreneurs are victims of chronic procrastination. They keep putting off till a later date what they ordinarily are expected to accomplish expeditiously. That lethargy could at times be very costly in terms of late delivery of goods and loss of credibility. Once customers become aware that you can not deliver products and or services on time, they quickly switch to your competitors. Finding a way around chronic procrastination is one sure way to avoid such pitfalls. These four tips can help a great deal in your quest to cure chronic procrastination.

01. Always maintain your work momentum. The trick is to take the easiest task on your schedule then push yourself to start. Once you have started, you can maintain momentum by keeping strictly to the time frame allotted each task. Getting started is usually where the problem lies with people who procrastinate. Once the task is started, you are more likely to keep working until the task is completed. 



02. Devise a reward system for yourself when you meet set goals. This may seem of little value but it helps a great deal against procrastination. You can set targets for yourself then fix some rewards for yourself at each stage. Because of this reward system, there is always a tendency to push ahead with what has to be done. A sumptuous dinner in your favorite restaurant, a good movie and some such like rewards are very good incentives for a job accomplished on time. You may also choose to connect activities you dislike with ones you love to do. The incentives from the ones you like will help you to stay on task and to accomplish your goals. 

03. Break down your tasks to manageable bits. The primary reason why people who procrastinate seem to always procrastinate is that they usually spend too much time looking at the big picture. A look at the big picture of any project makes it to appear overwhelming. It is the overwhelming picture that usually cripples most people thereby preventing them from making much progress. No matter how big a project may appear, if you break it down to manageable bits, it can be tackled bit by bit. It helps to write out each step with an exact time schedule to accomplish it. When you commence with the task that seems easiest, you can quickly accomplish it before moving on to the next. That way, you can always take one small task at a time and before you realize it, you have completed the entire project. 

04. Hold yourself to a high level of accountability. You can let your friends and family members know about the tasks you have to accomplish and allow them to urge you on if you appear to be slacking. When people you value and hold in very high esteem are the ones who are watching and monitoring you, it could prevent you from making poor excuses that may disappoint them. It may be fairly easy to disappoint yourself, but disappointing people you hold dear is a different kettle of fish. That level of accountability is largely what could keep you going until the task is completed.

No responsible business owner can afford any form of lethargy in this age and time when people now want services delivered so fast as if their whole lives depended on such services. Getting things done as quickly as possible is very good for customer satisfaction and the bottom-line of any business. Doing away with chronic procrastination therefore is very good for business. It is also highly satisfying as a major personal achievement on the part of the entrepreneur.