Your Real 7 Figure Business Plan

byNLandau

74 followers

11 years ago

I can only imagine you will learn something by reading this article as I am about to tell the true aspects of business that most online gurus will never explain. However, what I am about to tell you are things I believe Wealthy Affiliate does really well.

With that said, people have paid me a lot of money in the past for me to teach this information to them but I think it something wroth writing about on this blog.

I also believe that people who read this will make a lot more money than people who don't... just something I have learned in my experience doing business all around the world. So let me just get into it.

First, I would like to explore the world of business.

The world of business is an ever changing one that demands innovation and forces individuals as well as firms to adapt. Business models that were relevant and profitable 20, 7, and even 2 years ago may no longer be either today. One of the most valuable assets of any business is information because without that, a business cannot compete.

Information provides a business with technical, tactic, and economic information that are invaluable. Keeping up with information is how the modern business succeeds.

That is why I am here and that is why you are here to, because this opportunity on the internet is still a fairly new enterprise that as a HUGE profit potential for anybody that gets involved. However, there are some aspects you needs to learn to truly be profitable:

Ethics:

An ethical business succeeds in the long run. I'm sure a lot of you have seen and maybe even have fallen victim to one of the slanderous scams online that promise big bucks for little work. However, those companies will ultimately be exposed.

When you start your online business, you need to build it in an ethical manner and approach it honesty. Give people real content with quality information and insight. Treat you costumers (and employees if you have any) with respect and give them the treatment they deserve. This will build you list and allow you to gain trust within your niche, costumers base, and your online community.

In addition, this will also help improve your ranks in search engines and will grab the attention of other ethical authority sites who will recognize your efforts and help you accomplish your goals.

Choosing Your Business:

I know there is tons of training throughout Wealthy Affiliate about how to chose your niche so I won't get into that here, but I just want to touch on choosing the right form of business for you. There are many different types of online business and it is important to explore your options and chose what you think you will succeed the most at.

Wealthy Affiliate focuses essentially on affiliate marketing, but there are several direction you can run with that. Once you gain success with your affiliate marketing, look to expand and partner with companies and other marketers to grow your business. Healthy growth=more profits.

However, it is important not to grow at a rate which you cannot handle. That can severely damage your company and make many people and yourself unhappy. Often times, business that grow too fast resort to poor tactics to get business done or lag behind without the proper recourses. Plan carefully before expanding.

Entrepreneurial Spirit:

Did you know that having entrepreneurial spirit is actually a real business term? Well it is! and it serves a guide for many new entrepreneurs who are determined to design their own destiny.

That is essentially the definition: Shaping one's own destiny.

Whether your tired of working for someone else, want the pride of owning your own business, or want to live the life of your dreams, that is all motivation for what you are doing here at Wealthy Affiliate. Let that drive you to accomplish all that you want to accomplish.

Use that fire that you lit for yourself to learn as much as you can and strive to be a leader and person of influence in your campaign. Success=influence=significance

if you strive to be successful to the best of your abilities, you will be a person that other people will listen to and you will inspire them. Let me tell you, there is no better feeling than having someone tell you that you inspired them in some way. No amount of money can top that.

Strive to help people in your business and solve a problem. Make people truth that you are an expert in your field and assist them to the best of your abilities.

Forming a Plan and Understanding how to Manage:

Every person and every business has strength and weaknesses. Look to capitalize on your strengths and improve your weaknesses. HOWEVER, here is where many people go wrong.

Don't try to do everything. Specialty business are the one's that succeed. That means don't make a website that tries to solve every problem in the world. Focus on what you and become an expert on it. Pucker down on aspect. You can do this for several niches, just make sure you separate them.

Know your core competencies: Your core competencies are what give you an advantage in your business over your competitors. Knowing these can be difficult, so research you competition and as small business, you might need to experiment and find what works and what doesn't. If you find something that drives people to your business and not your competitors's or you have a certain skill, develop that.

Develop a Strategic Plan:

Set goals and determine how you are going to accomplish them. A strategic plan should outline how and by what means you will reach your goals. There might be obstacles and threats, but a big part about creating a good business is knowing how to overcome them.

Motivate yourself to stick to your plan and take action on opportunities.

Develop your niche sites in an ethical and smart way until you are an authority in your field. Even then continue to grow.

Ok, I am going to stop here because this is getting long enough. Good job if you have read all the way up to here!

I would love to connect with many of you so please feel free to message me, follow, or comment if you so desire. I'm always glad to meet new people on Wealthy Affiliate!