Have you been thinking about ways to make money online? Do you now have the desire to take an idea online and create an online business?
The first thing you should do before starting an online business is a little soul searching. Discover why you want to start an online business and what your dreams, goals and expectations are? Your decision to become an entrepreneur and start an online business should not be purely to make money. Income should be a result of running a business, not the reason behind your decision to go from IDEA TO ONLINE.
The reason we say this is because if you work on an online business just to make money, when the going gets tough (and it likely will), or you’re not making as much money as you thought you would in the first few years (this can happen), you will struggle to find the motivation to push through those hard times.
FACT: More than half of all online businesses fail in the first three years. This is mostly due to the fact people tend to throw in the towel when their online business is not
producing the money they expected it to, in the timeframe they wanted it to.
Yes, there are some who will make big bucks in a short amount of time, however, they are the exception rather than the rule, so you should go into this bearing that in mind.
In most cases when you first start a business, you will be earning less than what you would have in your 9-to-5 job. But if you’re doing it for bigger reasons than purely financial gain, and most importantly, you LOVE what you do, then it will be well worth the time and effort.
We wouldn’t change the decision to start our own business for all the tea in China. Yes, it’s been tough, and we’ve made many mistakes, but we adore and are proud of what we do, and we love the freedom it allows us and being the drivers of our own destiny.
If you do some soul searching to understand and recognise what drives your desire to start an online business, this will allow you to be happier on your journey and give you a much higher chance at success.
Here are some amazing resources that will help you to dig deep and figure out your motivators for taking your idea online:
- Watch this 3-minute video by Simon Sinek that explains discovering your WHY https://www.youtube.com/watch?v=Tji0lUIG0eg
- Read Simon Sinek’s book called “Start With Why” https://www.amazon.com/Start-Why-Leaders-Inspire-Everyone/dp/1591846447
- Alan Watts talks about “What If Money Was No Object” (This is 3 minutes of pure inspiration) https://vimeo.com/63961985
- The single most important factor in any new business by Marie Forleo http://www.youtube.com/watch?v=Op08Y29vBY0
Tony Robbins talks about “Why we do what we do”. It’s well worth 22 minutes of your life! http://www.ted.com/talks/tony_robbins_asks_why_we_do_what_we_do.html