Start an Internet Business and Apply the 5 Year Rule
63Where Do I Start?
Many people dream of starting an internet business but either don’t know where to start or harbor too much uncertainty to get off the ground. Using a prepackagedhome based business can be a solution. It will lay out a roadmap and take the uncertainly out of the equation. It allows you to model the success of others and have confidence along the way.
The question we are confronted with when trying to choose a good program is what works. There are some many options out there than sound great but will leave you disappointed in the long run. What you need to figure out, is if these systems are legitimate and wether or not it is something you can feel good about doing in the long term. A good rule of thumb is that if you don’t understand the pay structure it is probably not structured in your interest.
Many people suffer from the, ‘Want it Now syndrome.‘ Truth of the matter is that if you pick a legitimate internet business your financial rewards will be based on the amount of time and money you invest in your business.
Start an Internet Business
How to justify the time invested?
This can be looked at in few different ways. Time invested can be spent on actual startup or time invested may be in the form of learning the necessary skills to start this internet business. If you already have the skills well then you are ahead of the game. Your previous effort will now pay you in deferred results.
As far as how long it takes to see return it is impossible to say. There are too many factors to consider to give a good answer and the truth of the matter is that you determine this and the longer you spend worrying about it the farther off the money gets. So, get to work!
What I have seen demonstrated over and over is what I call the 5 year phenomenon. Give any venture your all for 5 years and you will be successful. It can be a lemonade stand, a shoes store, and online business or an MLM. You will spend the first year or so floundering, the next couple of years building a foundation, and the following years perfecting your system and improving your strategy. It has a cumulative effect and the longer you spend on something the better you get and the more you learn. The truth is that many people don’t make it out of the the first stage, so once you get past this the competition is drastically reduced.
You can be assured that focus, determination, and hard work will lead you in a profitable direction. It may not be profitable in the way you first expect but if you take the bends in the road and adapt as you proceed you are destined for success.
Don’t be a sucker for any program that promises to deliver a certain amount by a certain date, this is as realistic as diet programs that promise to take 20 lbs off the first week while eating whatever you want. Be a realist. Expect long term success, but realize that in the short term it is going to be tough.
The truth is that most start an internet business programs do work if you follow them to the tee. This is the problem, most people do not follow them to the letter. They identify what they think are short cuts, or they don’t want to do a particular part because it is too much work and in doing this they shoot themselves in the foot.
People often enter the internet business at the wrong times and do it out of necessity or desperation they don’t have many options. What they don’t realize is that earnings usually start low and increase slowly. A good recipe for long term success with an internet businessis to start it before you need it, depending on the internet to put food on the table next week is not a safe bet if you just started.
The absolute most important factor in how tostart an internet business is that you to take action. Even if the action you take is the wrong, at least you are moving in some direction even if it be a future learning experience.
As the old proverb goes, a journey of 1000 miles is started with a single step.
Do not suffer from paralysis of analysis. If you start an internet business you are entering into one of the fastest changing industries in the world. The how to articles that you read today many not apply tomorrow, you have to learn by doing.
Just like having kids, there is never a right time to do it, but if you wait for too long it will be too late. Don’t suffer from inaction. Go on an information diet and scale down to the bare essentials. Focus on what you are doing and don’t deviate from your goals until you have achieved what you started out to do. Fortune favors the bold.
Starting an internet business does not require that you mortgage the farm but it may require a big chunk of your time. Never before has this opportunity assisted which would give us the ability to leverage our time to such a great extent.
Start an internet business now and reap the rewards in the future. The price of inaction is too great.
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WestOcean 22 months ago
The 5 Year Rule is a good one. Great article and good luck.