Online Business: Is it Possible Today?

Are Online Businesses Profitable?  Can a Newbie Succeed?

online businessThousands of people are looking at the Internet as a way to start online businesses. This is nothing new.  Many people have watched the Internet grow by leaps and bounds, and many people are still wondering if selling products and services on the Internet profitable?

The big question is … Can you make a good living with an Internet business?   This is a good question because many people are losing their jobs and many companies are closing their doors.  The Internet is sort of the last frontier for earning money.

Well, I all have to say is this;  Did Jeff Bezos (Amazon.com) succeed and is his multi-billionaire dollar empire real?  Answer – yes it is.  How about the Google boys – are they billionaires?  Answer.  Yes, many times over.

So, does everyone who starts an online business become successful? Answer. No.  There could be a variety of reasons they did not succeed. However, there are thousands of people who do succeed with their online business.  Creating an online business is easier when you do your homework and have a mentor.

Mentors will show you exactly what to do – step by step.  Discover exactly what to sell and what not to sell.  Learn how to bring people to your website.  A website with no visitors will fail.

There are certain business secrets you need in order to succeed – without the right ingredients you will surely fail.  There have been literally thousands of failures because they did not have a strong mentor or platform.

It doesn’t take a rocket scientist to earn money on the Internet.  You do not need to be a programmer or know any coding.  You don’t need to know how to build a website or anything techie.

It’s really fairly simple. Let me share one platform that many business “newbies” are using to start and create successful online businesses. Here it is.  Check out all the resources that are available for you.

 

7 Secrets of a Genius Multi-Millionaire: Millionaire Mindset

millionaire-mindsetThese are the business success secrets of a genius multi-millionaire. Discover the millionaire mindset. By mastering these same secrets he earned millions of dollars and became extremely respected in his industry.  You can do it too, by simply mastering these simple concepts.

What are the secrets to his amazing growth? What made him a respected multi-millionaire?  How did he became an industrial tycoon and a global conglomerate?

1. Be An Information Collector.

  • Collect information about governments, local, state, central and international
  • Collect information about products, companies, consumers, markets, people, services, and politics
  • Do not forget to get information about your competitors

He was able to quickly collect, process, and analyze information and disburse it to his subordinates when and where required. Through the information, he was able to find new opportunities.

2. A Millionaire Mindset will always find opportunity.

Analyze all information collected that is valued for your business. He would convert information into profit-making opportunities.

Remember this . . .”There is no invitation for making profits.” You have to dig for it and discover it.  This is the millionaire mindset.

3. Step From One LEVEL to the Next

No matter where you are, just work there and master your level of experience.  Accumulate some energy and then step into a higher level Remain there until this level of experience is mastered. Then, step to another, higher level.

Caution: Do not step from one level to another without mastering the present level or experience. This could be dangerous. Be patient.

4. Complete Projects On Time.  Never Procrastinate.

Create a habit of finishing all projects on schedule or before.  You must learn to master the art of time and goals.  Reaching your goals on time is extremely important.  They all must be done in a timely manner.

5. Think Big. Think World Wide.

You must think big.  This is no secret to greatness, but some entrepreneurs do not think big enough.  Again, this one of the principles of the millionaire mindset.

6. Hire the Best People. Pay Them Well.

As soon as you can, employ the best, top-ranking people in every field that is required.  Never compromising on quality or timeliness. Most successful businesses can only do what they did with the best people. Human resources are the most important resources.

7. Pay Shareholders Well.

Many ambitious projects will not meet most banks or financiers policies and may seem too risky and may not fund your projects. Therefore you must pay your shareholders well.

The shareholders will sometimes jump at the chance to fund projects because they are paid well and they are rewarding for their trust in you and your project.

You must always go beyond the expectations of your investors. Give them much more than they expect.   Create these 7 cucial habits of the millionaire mind set.

 

Guarding Trade Secrets

trade-secrets-amazingbizsecretsMost companies GUARD trade secrets the best they can.  Through this desire to protect their success secrets is the reason it’s sometimes difficult for you to succeed. You must not only know the basics of business, but if you wish to compete with another company or market, then you must dig, scratch and climb the highest mountains.  Seek out great mentors whenever possible.

Companies fear competition as it eats into their profits- therefore they GUARD TRADE SECRETS.  If it took you long hours and years to accomplish success, then you may want to guard your secrets as well.

How should YOUR businesses be protecting YOUR trade secrets?
Adding simple computer features like security software and computer logouts and locks can reduce your exposure.

Companies should also limit access to sensitive company information to certain employees. Train employees to safeguard company information by locking it away after the workday, to keep and frequently change passwords on their computers and mobile devices, to avoid suspicious links and emails, and to shred hard documents.

Additionally, the use of external hard drives and thumb drives can make it easy to transport data, but also leaves it unsecured. It might be wise to prohibit their use can DECREASE the loss of the company’s trade secrets.

Have nondisclosure agreements with contractors, consultants, suppliers, vendors and other business partners that set forth the terms of the disclosure of any confidential information, including what is considered to be confidential, the term of the agreement, and the provisions for a breach of the agreement arising from an improper disclosure of trade secrets.

Employment agreements should also contain nondisclosure provisions to protect confidential information.

What does the Defend Trade Secrets Act of 2016 mean for businesses?
Although the DTSA may provide added protections for companies, you still need to take precautions:

It May Benefit You to Guard Trade Secrets.

■  Limit exposure to certain employees. Educate your employees to protect the company’s trade secrets. Your trade secrets could be compromised by an ‘innocent’ social media post of a picture taken in a production area or discussions in unsecure locations like restaurants and airports.  Explain this to your employees – you never know who is listening.

■  You should eliminate unnecessary visitors or limit them from vulnerable ares of your company.  This policy can decrease the loss of trade secrets tremendously.

■  Revise employee agreements to fulfill the notice requirement of the DTSA for trade secret disclosure to the government. Under the new law, companies must provide notice of whistleblower and retaliation protections for reporting suspected trade secret violations to both current employees and contractors.

If this NOTICE is not provided, the company may lose exemplary damages and attorney’s fees in an action against that employee. You should also include a procedure in your company policies for an employee to report suspected trade secret violations to government officials.

Review and update current company trade secret policies to comply with the DTSA, taking into account soon-to-be former employees that may take trade secrets from the company and new employees that could bring trade secrets from a previous job.

It is uncertain how the DTSA will impact future litigation. However, businesses should review current agreements to comply with the new law. Trade secrets are valuable assets that must be protected. Creating policies to safeguard trade secrets within the organization can help to protect them. Get more information here.

What is Business

What is Good Business?
What is the #1 Reason People Do Not Buy?

whatisgoodbusinessMost people know the basics of what business is about.  A business usually allows a certain marketplace to enjoy the benefits of certain products and services for exchange for something of monetary value.

A good and fair business transaction is when both parties agree and are comfortable with the trade.  When one party is not agreeable or does not feel they are getting a fair deal, then usually the business transaction will not happen or if it does happen, then the buyer or seller may think they were cheated.  This is called bad business.  This is common sense.   The #1 reason people do not purchase a product or service is not price, quality or benefits ….what is it?

Naturally, it’s always the best policy, as a seller, to be honest with the benefits of the product or service and provide it with honor an integrity.  There is an old saying “buyer beware”.   The buyer must always beware of any “seller” who has not established your trust.  Unfortunately, there are “sellers” who will take advantage and give you less than you were promised.

There are several agencies put into place to help protect the consumers;  the BBB (better business bureau), the consumer fraud division and the courts.  However, your best bet is to do your due diligence on the “seller” before performing a business transaction.  Check to see if there has been many complaints or dissatisfied customers.  Ask about their guarantee or product warranties.

“Sellers” who do not practice this one important lesson will eventually fail quickly.  Their business will not last long.  Competitors who practice this one ingredient will win the marketplace almost every time.

Good Business

Good business involves “sellers” who invest into building their reputation and trust with their “buyers”.  Establishing a good trusting relationship with customers is extremely important.  Good business creates loyal customers who turn into repeat customers, time and time again.  Sellers who treat their customers like “gold” have discovered the secret to good business.

Trust is the #1 reason people
do not purchase a product or service.