Starting a Business Online – Low Budget Entrepreneurs

Starting a business on a low budget and hoping for success is an optimistic approach but let’s come to the world of reality and think about chances of your success. What are the chances that your business will prosper and give a positive return soon? Probably 10 to 20% or if you are lucky enough the figure may touch 50%. The risk is too big. Does this mean that you can not fulfill your dream of setting up you own business on a low budget? No, there is a way.

Owing a computer with an internet connection makes it possible for you turn your idea into fruition with increased chances of success. The chances of success are high because you have 1.6 billion people as potential customers on the internet. Isn’t it intriguing?

So, how to start the business online? First and foremost thing is to have a website of your own. Having a website on the internet is just like having a store where you can sell your product to millions of internet users. Investing on a domain name and hosting is probably the only investment that you will have to make to start your business.

The best part of an online business is that you can sell a variety of products from property to perishables. As the budget is low it’s not necessary to create your own products to sale. There is a more economical solution in shape of affiliate marketing. Affiliate marketing is basically about promoting other person’s product and driving traffic or you my say customers to your website by using all the back and front end channels. By affiliate marketing you can advertise and promote many products at the same time. When ever a product is marketed through your website you get your due share, it’s as simple as that. Affiliate marketing is a proven technique to grow your online business and it is a popular choice among online entrepreneurs.

The most difficult and important part is to generate traffic for your website. After deciding which products you are going to promote the next important thing is to plan on how you are going to market them efficiently. There are several ways to market your website but not every way is suited to market a particular product. Apart from direct marketing you can also contact different companies which send targeted visitors to your website if the budget permits.

You Can Only Change the Present

Follow my instructions for one moment: I command you to: Sit down! I command you to Standup! If you want to standup you must do it in the present. Your physical power is only in the now. You cannot stand up in the past. You cannot stand up in the future. You can wish you could stand up a month ago. You can wish you could stand up yesterday. You can think about standing up tomorrow. But you can only physically stand up right now. This illustrates the point that you have no power to change anything in the past and you need not worry about the future. What you can do is change your thoughts about what has happened in the past. No one has the power to change your thoughts except for you. You can feel guilty, sad, and angry about past events, but none of those feelings will change your present. If you let those feeling overwhelm you, then they can paralyze your actions. But just as your thoughts can paralyze your actions, your thoughts have the ability to move you forward in the present.

You must decide that you are here now. The successful accomplishment of your dreams and goals requires acknowledging that you are now where you are. Accept that where you are now is ok, at least for now. Obviously you wouldn’t be reading if you didn’t want to change things about your life, but for now accept that you are here now and nothing can change what has gotten you here.

You hate your job
You are overweight
You are in a bad relationship or abusive relationship
You have a handicap.
You have no confidence.
You feel unattractive or unloved.
You are financially broke or are in debt.
You have problems with your children
You have problems with members of your family.
You have no true friends.
You have no job

All of the above can be make you feel overwhelmed, but it is where you are now. If you are a mountain climber, it is important to know that you must firmly place yourself in one place before you can begin to raise yourself to the next step. If you tried to climb while, looking down you will be overtaken with fear, If you try to climb by looking up, you will get overwhelmed with all that is ahead of you. You must only focus on where you currently are in order to move ahead. You don’t want to get stuck on the mountain of life. You will starve, get weak, and fall off. Learn to reach for the next ledge and pull yourself up on inch at a time.

It is OK to be upset or angry with your current situation, but only as a way to create you to make positive changes and change your current situation. You cannot feel sorry for yourself because the rest of the world does not care. The rest of the world has its own problems. Whenever you feel yourself caught up in the emotions of guilt, anger, and self-doubt, say to yourself. “I am here now, now what? “This does not determine where I will go or what I can be” Then pick a course of action to move your forward to the future that you want.

Seven Habits of Superior Negotiators

Superior negotiators come in all genders, shapes, and sizes, but they tend to have a few things in common. Here is my list of the seven habits of superior negotiators:

1. A superior negotiator is always prepared. Abraham Lincoln said, “If I had eight hours to chop down a tree, I’d spend six hours sharpening my ax”. This is definitely the mindset of the superior negotiator. They think through the potential options ahead of time.

2. A great negotiator focuses on the interests of the other party. Rather than obsessing about what he or she wants, a great negotiator invests time in understanding what motivates the other party and why certain things are important to them.

3. He or she is willing to walk away. By knowing the bottom line of what is acceptable and by knowing the next best alternative, a strong negotiator is empowered. This takes the guess work out of the negotiation and focuses the agreement on what might be acceptable.

4. A great negotiator is open to new ideas and is willing to brainstorm on the spot with the other party to discover other options. Brainstorming involves some personal risk, but it makes for better agreements.

5. Listening skills are a prerequisite for an outstanding negotiator. This means not talking; in fact, outright silence is often a great choice.

6. Superior negotiators are realists. They are willing to compromise and they tend not be greedy or mean spirited since they want the opportunity to do business again. Relationships are valued.

7. They are willing to work to get the right deal and are exceedingly patient since a good deal takes hard work and time to create. This could mean multiple meetings or many phone calls.

Are you a superior negotiator?