What Does it Takes to Start an Internet Business?

So you have decided to start your own internet business. Have you been seeking for opportunities on the internet? Some of the online opportunities seem too tempting to ignore when you search in Google for search term like, “Start An Internet Business”, “Make Money Online”, and “Make Money On The Internet”.

Enticing phrases and advertisements consistently urge you on in starting your own business on the Internet. Having an internet business is a way out of the rat race but it takes work and understanding the nuances of it to make it work for you. Venturing out into an internet business is not a risk many people are willing to take.

However, statistics reveal that around 86% of those who attempt to earn cash from home fail and you may not want to be a part of it. This result in widespread skepticism could deprive you from benefiting from starting an internet business.

It is indeed possible for you to make a six-figure income by starting a home based business on the internet. Having your own business is fun.

When observed closely, it is not the business but you who fail, when you consider starting your own business. There are hundreds of ways for you to make money from home and making money on the internet requires you to be in the right mindset.

You must be ready, emotionally, financially and mentally, before jumping into the bandwagon.

Valuable secrets and tips, which others have gathered through exhaustive exposure to personal experiences, various modes of education, counseling, coaching and training will helps.

The empathy such authors have for people like you who have been struggling to earn money online motivated to share their views and secrets, which will act as guidance as you go about how to make money on the internet.

These secrets and tips will be very useful for you.

Business entrepreneurs observed their income flourish in multitudes when they applied their knowledge and experience persistently and it should produce similar results for you.

So, what did all the information invested thousands in, produce? Ideas for starting your own business. It believes that if it worked for them, it should work for you when you start your internet business.

“Insider Secrets To Building A 6 Figure Income” book will definitely prove to be a paradigm shift for you as you embark on starting your own business. Make money on the internet will become a much easier task; if you follow apply the secret tips mentioned in these materials.

An International best seller by Robert Kiyosaki, ‘Rich Dad Poor Dad’, impacted the mental approach of many entrepreneurs towards life and they soon realized that it would positively affect you. It is therefore advisable that you must incorporate these tips into your business strategy.

One such entrepreneur realized that his parents believed in the same system as the poor dad in Robert Kiyosaki’s book did; which was to study hard and obtain a degree and proceed to work hard throughout one’s life. This system will not help you to realize your dreams in starting a home based business on the internet. A different system has to be followed if you are planning on making money on the internet.

He indulged in the stock markets, real estate and many other business ventures. Yet, none of them appealed to him as much as it does to start a home based business on the Internet. Starting your own business requires you to gain knowledge pertaining to the specific field.

Despite the struggle, he persisted just like you should when looking for ideas for starting your own business. His mentors advised and counseled him to take massive action.

Massive action has to be taken when you go about ways to make money fast.

To succeed in anything, even when starting your own business on the internet; you have to take massive action. Otherwise, there will be no results. Did he see results?

Yes, the results began to pour in like a raging forest fire and it still burns fiercely and brilliantly! making money on the internet is a fantastic idea but the processes have to be executed well for you to succeed.

So, bear in mind that this secret has to be applied into your life if you plan on starting your own business.

5 Reasons Why Businesses Should Know the Importance of Big Data

The ones who are in business or planning to be in the same, must be thinking what will be the relevance of Big Data to business and how can it help in an effective running of businesses. Well, innumerable people believe that Big Data is needed in a few particular fields. However, that’s only a myth; instead, it is free from any boundaries and can aid in every Business’ inside-out operation.

Reasons that Validate the Importance of Big Data

Big Data operates irrespective of any field or size of the business, as management and collection are done in every field; thus, making it more accessible. Let’s get an insight at the reasons that validate the importance of Big Data into businesses:

  1. Data is an asset to the business: Every business generates the data, be it small or large. All the activities generate data and a proper strategy is needed to store this data. The amount of data can be huge or less, but a proper strategy can help the business to manage it the right way by collecting, using, and protecting it. This indicates that the companies that believed Big Data is not meant for them will now be able to use it and understand its importance.

  1. Collecting better market and customer data: Customer and market trends are the few important factors for the business to be kept in mind in order to gain success. Every company manages data to understand the moods of their customer that tend to change with time. Hence, Big Data analytics can be useful in getting a better understanding about the needs of customers, their usage demands, and what would they be buying future.

  1. Improvement of internal operation and efficiency: Businesses also have to focus on the data of their employees that includes, optimization of services of delivered, tracking the performance, and even the recruitment of suitable candidates; all can be done with the help of Big Data. This can help the businesses to let them improve the internal efficiency in varied departments.

  1. Effective financial trading: Financial Transactions are also an important factor for the companies, as it leads to economic growth of the organization. Financial trading between the companies and clients can be handled well with the help of Big Data analytics, as it handles the algorithms required for the account related purposes.

  1. Understanding business processes: The optimization of business processes can now be done more easily. Retailers can maximize their stock based on the data predictions given by social media. Supply chain and delivery route can now be optimized with the help of this technique. The HR department of the organizations is also getting benefited like while hiring the right talent. It also measures the amount of employee engagement with its tools.

Hence, Big Data Analysis is not confined to certain counted fields, but enlarging its horizon of services and quantifying itself to a larger scale. If used properly, it can affect the businesses to an unexpected extent and giving more and more growth opportunities.

The candidates who have a great knowledge of the tools used in Big Data Analysis are in great demand. But, for this they need to have the knowledge of the software that can help in this task. One of the best software that suits their requirement is Hadoop and a formal training of the same can turn extremely fruitful.

How to Become Successful in Any Network Marketing, MLM Business

THE SECRET TO NETWORK MARKETING SUCCESS

If you are like most people that are involved in the increasing popular network marketing or MLM, then you probably experience some sort of frustration or are on the verge of quitting. But the good news is that it is perfectly OK. Believe it or not, everyone from the top producer poster boy of your company to someone in the lowest level has experienced that. So you are not alone. Maybe you have gone to the trainings over and over, read the industry related books, and listened to the personal development CDs, and with no avail, are not making any progress at all. Well those things are great and very critical for your success, but there are some ingredients that are most likely never mentioned or brought up to your attention before getting started. Before I continue to share my top 4 recipes, I wanted to tell you what network marketing is and what it isn’t.

Network marketing is not: sales (as the core), convincing or begging people about the business, or managing people, a get rich quick program, a business you can do with little time, a business you can be successful at by just by sitting down at home making phone calls or getting online, not a job with a have-to mentality.

Network marketing is: a people business, earning while learning, positioning your self to be a leader to attract and create other leaders, a personal development course with a compensation plan, eagerness to learn, a filtering business, a business that requires time and effort which is proportionate to your progress, a business that requires you to THINK and ACT as a business person with their responsibilities, a business that demands responsibility, time management, and a high level of self motivation and commitment. Now with that mention, here are the fabulous, FIVE ingredients for your MLM Success that are a MUST!

First and foremost, before you continue to do anything else at all, you have to have your “why” down. What is your “why?” It’s basically your reason for doing the business, your vision, or your overall goal(s). Without a goal, it’s like basketball players running around the court with nowhere to shoot at all. If there are no goals, then you can’t score, and most importantly, you can’t win. So write 3 of them down, whether it’s to retire your family, pay off bills, spend more time with your kids, or travel the world. Write them down and place them in a high visibility place where you are mostly going to be at such as the visor of your car, your refrigerator, taped to your bathroom mirror, etc. This will be your testimonial reminder! You must be convicted with your vision!! So once you have your “why” down you must have a “by when” meaning the time frame. Your vision has to be aligned with a realistic time line that you set for your self and the level of work you are committed to. Earning a million dollars in 5 months in the business is almost impossible and probably not feasible so come up with something that measures up to what you are committed to.

Second, know the business inside and out because with wisdom comes confidence. Don’t get into in too much dept with the technicality part because you are not a technician or salesman. Know at least the top 20 questions of your business by heart as well as the compensation plan, and how to give an effective presentation plan. A good acronym to help is A-B-C (Advantages, Benefits, Compensation ). Never lie or exaggerate about the business! The last thing you want to do is lose a potential prospect by not knowing the basic information or them finding out that you lied to them, as well as giving a false expectation. A prospect will never want to do business if you are uncertain and not confident about the business. One of the most important issues here is to go over how this business could benefit them and their quality of their life, and what they could earn with the amount of work and commitment they are willing to give, so understand the comp plan and tailor it into their need and wants. If you don’t have the technical information in hand, tell them you will get it and follow up with them. Besides industry related material you must learn from the philosophy of your successful upline and personal development and leadership related materials. If you didn’t like reading before, then you must get in that habit! The more your business grows, the more you grow; the more you grow, the more your business grows.

Third, have an effective and an easy-to-duplicate system in handy. SYSTEM stands for Save Yourself Time Energy Money. Have a system in place that is proven to work and that is easy to remember for the most common scenarios such as 3 way calling with your sponsor, what to say before and after the presentation, what to say over the phone to gather customers, how to close, and what to say to the following business prospects that are family, friends, associates, leads, and strangers you just met, how to present to someone that lives a distance away. If you master those scenarios you are certainly on your way to success! Scripts are very effective as well so ask your organization and sponsor to obtain them. Keep in mind it must be duplicable.

Fourth, understand psychology! If you haven’t notice yet, this business is not about the products. If it was, you would be a salesman and selling is the antithesis for this type of business. Every top producer understands the core of this business which is people. This is what will set you apart from the rest of the people in your industry. It’s a people business and when it comes to people, you’re dealing with a lot of psychology and relationships! What I mean is being able to understand the nature of people. If you are not a people person then you are going to struggle in this people. You need to be able to meet people’s needs and wants. Bottom line! The only way to do that is to connect with people by listening to them. (That’s why we have 2 ears and 1 mouth so we should listen twice as much) Some prospects will have an objective but the underlying messages in all of them are 2 things: Can I do this? Can I count on someone to help me do this? With that said, you need to position yourself to be a leader! (Notice how all top producers are leaders? Not a coincidence) and people need to be able to know, like, and trust you! Once you have that, you have their business!

The first 3 I mentioned is very essential to your success but doesn’t guarantee your success. It will only increase your effectiveness of closing on prospects. The fifth and last thing I want to mention is the LAW OF NUMBERS. You will eventually hit a point where your list of 100 warm prospects is completely exhausted! So what’s next? The LAW OF NUMBERS simply states that the higher you increase your volume of people you present the business to, the faster you will build your organization. If you don’t think you are building your business the way you want, reevaluate the amount of people you are talking to about the business. You can’t be successful when you are only mentioning the business to 2 people a week! Don’t wait for people to come to you go out and find them. Attend local business mixers or networking events in the area, get involved with an activity group, events, go to the mall, the dogpark, or restaurants, where many people are present. It’s simply a number’s game. You can’t grow your business if people don’t know what your business is all about. Find out information on viral marketing, purchasing leads, create flyers, sizzle cards, leave information in restaurants, do newspapers ads and magazine ads. A rule of thumb to live by is that you will gain a 1% of people you expose as a business partner. Out of that 1%, 1% of them will be your hard charging ace in the business. Most network marketing business requires at least 3 successful legs. Here is a mathematical example to earn that:

1000 exposed = 10 will sign up = 1 will be a serious leader and blow your organization up.

Repeat this 3 times and you are almost guaranteed to be on your way to the top!

With 3000 people, that’s a little bit over 8 people a day!!

Now remember, the whole point of this is to find 3 quality leaders in your business. Many will do the business or even drop out but they aren’t necessarily quality kinds of people. You are not here to manage or babysit your organization because will be quite a drain on you. You should spend 85% of your business recruiting or as I say, spend 1 minute on a hundred people than 100 minutes on 1 person! Network Marketing is simply a filtering business not a convincing business!

As a bonus, I just wanted to bring up some additional statistical information that will certainly help and is worth knowing. Use stats in your favor:

90% of business partners will drop out within their first 90 days so it’s very important to get them qualified and get their list of top MVPs with 30 minutes of being in the business! Some say within 48 hours but think about it: when you start or open any business you want to start making money ASAP, not in a couple of days. If they do decide to drop out, you at least have their top 10 in your hands!!80% of your business is due to the combined effort of 20% of your business partners. No does not necessarily mean No. It means it may not be their time. Over 50% of people will sign up during their 5TH exposure. Anything after that, it’s usually best to not bring it up again. I certainly hope this information will open up new levels of thinking and transformation to bring you success!! May you prosper in your business and achieve the life you and your family deserve!

Are Employee Personal Electronic Devices Dangerous to Small Business Security?

Can my employees using their own endpoint devices endanger the cyber security of your business? ”

Good Morning:

A lot of small business owners are starting to allow this and the answer, of course, is YES, your business computer system will possibly be more vulnerable. In fact, how can it not be? But that doesn’t mean that it should never happen. So let’s cover a few things to help you can decide if it is safe for your small business.

Inside some businesses it will work fine.

This is a business decision that you need to make with thoughtful deliberation as well as valid information. What is good for some businesses will be dangerous for others. Some call it the BYOD transition and it opens up all kinds of potential small business security issues.

For one thing, you need to always check to make sure that your employee’s device has anti-virus protection. No exceptions. You simply must determine that it can handle any possible security concerns, especially if you have company network with company data installed on it. Consider all data to be sensitive and therefore a valid company security issue.

Keep in mind that this will involve regular software updates, and you will find it difficult to track this over a wide variety of devices.

Never, ever, consider not installing a Fail-Safe on your machines in case the device is lost or stolen. This will wipe the data from the device to prevent unauthorized use of your company material.

But it is possible that it might be appropriate to consider a BYOD policy for your office equipment. Under the right conditions, it can be a real bonus for your business.

QUESTIONS TO HELP DECIDE IF A NEW ENDPOINT DEVICES POLICY IS DANGEROUS TO CYBER-SECURITY.

Here are a few questions for you to go through in order to decide. I encourage you to get competent advice from a trusted source, from someone who really understands the issues involved. Your software provider could be one source. You don’t want to buy things you don’t need but it can be a real disaster to miss a bet here.

First of all, I would question if your employees are really tech-savy. Don’t just ask them but find out for sure. This can make the process easy but a miss here can spell nightmare. Also, will they have reliable equipment as well as understand how to update and maintain it from a security standpoint. The difference here will make the transition either easy or wildly chaotic.

Secondly, is how sensitive is your company data? Some companies would find one slip-up here to be catastrophic, while another will ease through it. If you have a medical, financial,or legal office, I would be very wary. Having a serious data breach here could lead to all kinds of problems and is too big a gamble. So think this through.

Thirdly, how many employees would be able to choose their own devices? If only a few employees are interested in this change in policy, the problems in it may not be worth the hassle. Remember that cyber security is the paramount concern. Not just happy employees (although that is of vital importance!).

Next would the question of how quickly is the business growing? If you are expanding quickly, the benefits might be huge. It could reduce your already serious technology costs a great deal. And new hires could have reduced work stations. This might also reduce on-site workers which will leave you increased office space.

The next question is one to ponder seriously and slowly. It depends a lot on what kind of office staff you have. If your people are serious about business and possess the business focus necessary, it might work out fine.

When you walk around the office, do you see a lot of surfing? Do they play games while working? If so, you know what will happen with their own devices. Your company data might have to compete for space with Donkey Kong.

I am just saying that if they have a hard time focusing on your business priorities, giving them access to their own devices might be counterproductive.

These are serious things to consider and get some good advice.

Thank you for coming.

Jim