Another pitfall to avoid is over-dependence on a single income source. A good entrepreneur will avoid over-dependence by not letting a single client represent more than 25% of their income. If a single client or customer represents too much of your sales, what happens when they decide to stop doing business? You lose a significant portion of your income. 
In this role you need to be a product expert and will probably represent a company, explaining the benefits of their products to potential clients. Also, you will need to find new customers or market segments that a company can sell to and convert those leads into sales. Usually, salaries and rewards for sales consultants depend largely on how many sales they can close.
"I see a lot of people starting a business without thinking about the long-term value it can bring them. One of the things me and my business partner decided on when starting our digital growth agency We Are Off The Record, was that we wanted to build value with people and make sure that we’re able to call everyone we now work with, in 5 years and still have a good relationship. I haven’t won at the game of business yet, but I know that building a long-term network is the most valuable thing you can do.”
There are two things Rahis Saifi is very passionate about, business and technology. In today's competitive business environment, you must understand how both business and technology work together. From his experience, many businesses fail because they do not understand how their business should implement the technology. He is also chief… View full profile ›
Reed McManigle: Almost anything that is non-software based, such as medical devices/biotech, energy, chemistry, materials science, is harder to commercialize. The challenges are that these technologies are generally far from being market-ready, or even market-testable, when they are no longer eligible for the basic research-oriented federal funding on which they were based. While these types of technologies have the potential for huge impacts and upsides, they require significant amounts of time and money to reduce technical and market risk.
There are several strategies that an organization can employ to reach out to their target markets on one of them is online marketing. If you have your own products or you choose to sell other people’s products, the internet is one of the cheapest and perhaps easiest ways of marketing goods and services. All you need to do is to sign up with an organization and they will assign some leads to you, you duty is to follow up on them until you generate sales from them and then you will be paid your commission. Following up on them could be sending reminder emails, chatting with them and also video calling them et al.
This is closely connected to the happiness of the customers. If the resulting product or service has made people happy by helping them solve a problem, that is all that may be required for a start-up to be a success. Now, no business wants unsatisfied customers. But in cases like this, happy customers aren’t the way toward the ultimate goal – they are that goal.
Which is why people who have eyes for details usually contract the editing of their pictures to professional photo editors as against making use of photo editing software. The nature of this type of job make it easier for people to offer photo editing jobs online. If you a skilled photo editor, all you need to do is to list your services online and you are sure going to attract high paying clients from within your country and overseas.
For budding entrepreneurs, with the business in a very nascent stage, it is often difficult to create a user base or a customer base. This is because you are fresh off the boat and not many people know about you. This is the time to leverage your personal network, seek leads, and ask for recommendations. There is nothing wrong in asking for help from friends and family. That’s how every successful business has grown out of! Your friends can refer your products or services to their friends, colleagues, peers, etc. and you will land your first set of clients or users.
Mark is an entrepreneur and investor on ABC's Shark Tank. He's the owner of the NBA's Dallas Mavericks, Landmark Theatres, Magnolia Pictures, and is the chairman of the HDTV cable network AXS TV. In his recent interview on 30 Days of Genius with CreativeLive, Mark talked a lot about the mistakes many new entrepreneurs make when they think they've found a profitable business idea. Here's his business advice to those who want to start a business:
If you’re handy or creative, you could craft your products and sell them on sites like Etsy, Amazon, or eBay, straight out of your home. The biggest challenge would be getting discovered, depending on your niche and how viral your products are. But thankfully, there’s tons of advice out there, from pricing your work properly to taking the best photography possible.
You can also market your ebook on your own website or blog, particularly if the site gets good traffic. Still another method is affiliate marketing. You can offer to pay sites related to your ebook a percentage of the sale price – say, anywhere between 20% and 50% – for them to post an ad or linked article for your book on their site. This could enable you to market your ebook on multiple platforms for greater market exposure.

17. Amazon – Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting pretty popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ships them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
Your customers can become ambassadors for your brand if they had a good experience and share it on Google or social media sites. They can also become your worst nightmare if they leave a bad review. It is immensely important to thank customers who leave good reviews and to communicate with customers who leave bad ones. Reputation management is a key online marketing tip and can humanize your business and help it grow immensely if it’s done correctly.
Over the past few years, we’ve had the privilege of interviewing, creating content and collaborating with literally hundreds of successful entrepreneurs from all over the world. Whether for blog posts, YouTube videos, and even online courses that we’ve created, these entrepreneurs have generously shared their insights to help our community of entrepreneurs and online course creators succeed.

If you’re looking for digital marketing blogs written on the forefront of the search engine industry, look to the leading-edge editorial team over at Search Engine Land. SEO and search marketing news breaks so incredibly fast, it’s amazing how Marketing Land’s sister publication keeps up with the volume and pace. Every Google algorithm update, every important change to how we calculate SEO ranking is delivered in an elegant and user-friendly news hub. Founded by search industry leaders Danny Sullivan and Chris Sherman, Search Engine Land also delivers their must-read news in one of the best digital marketing email newsletters you can sign up for.
It also doesn’t take much to get started with this type of business. Set up your blog, shoot those videos, advertise on Facebook, and build an audience. With 3.2 billion people or 40% of the global population as internet users, there’s no better reason to take advantage of these figures when you sell your informational products. Going online is indeed the way to go!

If you want to have success, you can’t make success your goal. The key is not to worry about being successful, but to instead work toward being significant—and the success will naturally follow. If you do work that you love, and work that fulfills you, the rest will come. I truly believe that the reason I’ve been able to be so financially successful is because my focus has never, ever for one minute been money.
Planning plays a crucial role in any business success. A business plan is a good place to start – defining your skills and weaknesses, what you offer, how it’s unique and how you plan on growing your offering. What’s more, try to prepare yourself mentally and practically for anything that could go wrong and how you would deal with it. For example, what happens if you get injured? What if clients pay you a month late? What if a weather disaster affects you? Or a trusted supplier goes bankrupt?
One of my mentors/business partners sold his business to Richard Branson and has had some pretty wild success. When I asked him the single most important advice he could give me about being an entrepreneur, he said: “Your health is your most important asset. You can be the most successful person in the world, but that won’t matter if you don’t have your health.”

About Blog Brafton is an in-house content marketing agency that develops and manages targeted content strategies from blogs, graphics and video to SEO, social and more. Brafton is the only content marketing agency that uses a metrics-based approach to creating content that generates results. Fuel your career and your brand with content marketing insights, advice and news from Brafton's marketing experts.
Different online income streams to begin your online business could be ebooks and online courses, niche websites, membership programs, software development, consultation programs and packaging existing content to sell as a bundle. Ducker says “It all comes down to knowing who you’re helping, what their problems are, and most importantly – creating a solution to a problem that they will happily part with a little hard earned cash for.”
Bill has over 20 years of experience as an entrepreneur and operating executive. Since joining Garage Technology Ventures in 1998, Bill has worked with his partner, Guy Kawasaki to focus on investing in early-stage information technology and materials science companies. Here's Bill's best business advice for young entrepreneurs who want to start a business for the first time:
If you’re looking for inspiration, my friend Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
"Keep your first product extremely barebones. Get clear product validation from your target customer before you spend any time or money building a Minimum Viable Product (MVP). Start small. Invest more resources in product development as you generate enough operating income to cover your ongoing research and development expenses. Hold off on executing your product roadmap before you have enough consistent sales revenue to support that vision."
Many people fancy themselves as designers. If you have a unique idea for a new product then it may be time to get it designed. This can be a long process involving prototypes, discussions with factories, package design, and much more. However, the profits once the product is on the market could be substantial. And remember, with Amazon FBA, your products can all be stored and shipped by Amazon, giving you time to think up your next invention. Learn more about Amazon FBA with my How To Start An Amazon FBA Business Guide.
If you have nothing of value to sell from home then retail arbitrage might be a better option for you. Many people partake in arbitrage to earn a little extra money, and for some, it has even become their full-time job. Retail arbitrage is the buying of goods at a low price and then selling them on a different platform at a higher price. Sales in shops provide ideal opportunities to pick up products for next to nothing. These can then be sold on eBay or Amazon for higher amounts, making you a nice profit.
Write pitches. If you have located a client for whom you want to write, send pitches, which are topic ideas for articles. Write pitches that not only show your expertise, but also demonstrate your enthusiasm for the topic.[21] First, read the publication to which you are sending pitches to familiarize yourself with what they publish. If applicable, identify a specific section and send our pitch to the appropriate editor. Also, include a brief summary of who you are.[22]
About Blog Paul Writer is a B2B marketing agency that helps firms connect with current and future customers. Through our unrivalled access to senior executives in top organizations, we can deliver insight and expertise that helps enterprises reach and build meaningful relationships with their customers. We curate platforms and opportunities for the executives in our network to benefit from peer insights, structured learning, focused product knowledge, and recognition.

Has anyone ever told you you have a voice for radio? Are you great at creating original characters with just your voice? There are tons of people looking to pay for quality voice overs for their corporate videos, animation series, or educational videos. Check out Fiverr and UpWork or create a profile on a specialized site like Voices.com or The Voice Realm to get started making money online doing voice overs.
Now, those aren't my thing, but I did realize I could use it for just about anything in my systems noted above. For example, I gave myself the challenge of 100 days of learning a new skill and spent 100 days learning a programming language. It was well out of my comfort zone, but by the time the 100 days were up, I knew something new that I could put on the skills list of my resume. Try 100 days of reading more or being thoughtful to others.
The best things about Marketing Land is that it features daily breaking news stories about all aspects of the digital marketing industry so you can get most of your digital marketing news from the one place. The writers at Marketing Land often publish practical tips and strategies you can use in your own digital marketing campaigns. However, one of our favourite things about this website is that it features specialist articles written by subject matter experts.

Many new users prefer to start off with the 100% Free Offers, which is what we usually recommend. These offers are great for beginners because nothing is required other than several minutes of your time. The payouts on these offers are lower, but you’re not paying a dime to complete them and they’ll get you use to the CashCrate system. After you’ve started making money online with our free offers, you can always move on to trial offers and increase your earnings.
Shopify is another great option if you are wanting to create your own eCommerce store. Shopify is arguably easier to set up than WooCommerce but will give you less control over your storefront and cost you more long term. However, if you have little to no experience of creating websites or using WordPress, or you are working to a very tight time schedule, then Shopify may be the perfect eCommerce platform for you.
1) Hire exceptional people, make sure they feel valued and can work as a team. 2) Work to achieve synergy (energy and alignment). 3) Practice Kaizen (Japanese for “small improvement” and “better”) everyday focusing on getting a little bit better with the belief that over time outcomes become significant. 4) Focus on expands and set outcomes that are bold, passionate, measurable, written and positive. 5) Worry less about growth and more about quality and execution. When you take care of your customers and exceed their expectations, growth and opportunity follow. 6) Remember that success often comes to those who get in front of the inevitable.
Build up a following on your Instagram account and you could quickly be making extra money online. Major brands, gear companies, and even startups are willing to shell out $500-$5,000+ per post to get in front of your audience. While it’s getting harder and harder to build a massive Instagram audience, if you already have a solid niche and are posting quality content regularly with a great camera for taking Instagram photos, with a few small tweaks you can make yourself an influencer. Check out this awesome article from Shopify on how to build and grow your Instagram following to get started.
Obviously there are tons of businesses going around and many of them might be in the same industry that you are targeting to enter. It is not uncommon for people to get lured by the lucrative opportunities in a particular marketplace and they want to grab a piece of the pie too! However, if you are a fresh entrant in a somewhat established marketplace, then you should be a little different from the existing players in order to be able to succeed. If you end up offering the exact same product or service that it already being offered by other already established players, then the chances for you t succeed are very low. You need to have an edge, an element of uniqueness that draws attention.
Hiring the wrong people is one of the biggest mistakes made by entrepreneurs. You need to bring on employees who have the relevant background and experience. They need to fit into the company culture you are trying to build. They need to be hard-working and flexible, as employees in startups often have to function in multiple roles‎. You must do thorough reference checks on them. Make sure your offer letter says they are “at will” employees and can be terminated at any time. Don’t forget the old quote: “Hire slowly. Fire quickly.”
If you live in a country that attracts thousands of visitors / tourists, then you can look towards starting your online hotel booking business. All you need to do is to enter into partnership with hotels around you so that when people book their hotels from your website, they will pay you commission based on the agreement you have with the management of the hotel.
If you’re passionate about writing and feel strongly about certain subjects, type your way to riches by creating your own blog. Launching your own blog doesn’t require a great deal of technical or computer skills. It is important, however, that you do know what you’re talking about relative to the subject you’re writing on. Over time, you’ll start to develop an audience since people will trust your expertise and knowledge.

There are loads of resources out there for networking, knowledge sharing and advice. Networking is not just for new business opportunities; it can be a wonderful source of support and fresh ideas. Attend events such as Leaderex (free master classes) and My Biz Expo (free if you register before a certain date). Don’t hesitate to ask for advice from those around you (such as your intermediary, bank manager, landlord or neighbouring businesses),  or online forums and Facebook community groups in your area.


While Etsy is fantastic for handmade goods that you’ve already created, if you’ve got killer designs that would look good on phone cases, t-shirts, or even wall hangings, pillows, and duvets, you can sell them on Society6 without paying anything to start. Society6 lets artists upload their designs and create their own shops where they choose what products their designs can be used on. That means one design can be used to make a whole range of awesome products that are printed and shipped on demand whenever someone buys from you. With top creators making thousands every month just from selling their designs.
The quote above was taken from one of Baer’s presentations, Youtility, which talks about how marketing isn’t just competing for attention against other products, but other life elements around your target audience (such as family and friends). Companies shouldn’t be thinking about how they can become more exciting, but how they can help their target audience better.

Hundreds of thousands of members have made money online and earned rewards with Opinion Outpost - and it doesn’t stop at cash. You could earn gift cards to online retail giants! And we’re always adding new options: In a current Mini-Poll answered by over 1,700 of these members 47% said they’d like a retail or department store gift card to be available as a reward option next, while a restaurant or gas card reward option wasn’t as favorable, getting 16% of the vote each. Getting 21% of the vote, and second place, was a grocery store gift card. Which reward would you choose?!


Research other listings in your city on AirBnB and see what the going rate is for a place like yours. You could also just rent out a private room as well or even a bed in a shared room. In fact, that's how AirBnB got its start. However, you might find it hard in the beginning without reviews, but as long as you take really good care of your guests and provide a lot of value, the reviews will eventually come rolling in.
Provide excellent customer service. Answer any questions buyers post as quickly as possible. Be professional and courteous. Positive communication builds your reputation with buyers and gets you return business. Also, package your product well and ship it out quickly. Allowing an item to become damaged or taking too long to ship can negatively affect your reputation among buyers. Wrap all items, especially fragile ones, in appropriate packaging. Commit to shipping items as soon as you receive payment.[32]
If you’ve got a way with words and expertise in a niche, there are plenty of sites that will pay for articles and content you write. Think of the sites you read regularly. What can you contribute to them that would be interesting? Research your niche and then look for ways to pitch articles. Many sites will simply have a submission or contact link in the footer. To get started, check out my full guide to becoming a freelance writer on the side and then submit your articles to places like Instash, Listverse, TopTenz, A List Apart, International Living, FundsforWriters, and Textbroker.

Creating new content is an important engine of branding your business and delivering value. Still, you don’t have to reinvent the wheel with ten articles on the same subject. As you build a social and email following, odds are good that many of your followers haven’t seen your old content yet. As long as it’s still accurate and relevant, don’t hesitate to send it out again.
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort. 

There’s plenty of work and clients to be found. If you know where to look. To start, you need to know if there is enough demand for your skill to make it worth the effort to go out looking for work. Start by searching for freelance postings on sites like Flexjobs, SolidGigs, Contena, greatcontent or one of the dozens of other skill-specific freelance job boards.
"One of the most costly and painful mistakes that I see over and over again is hiring in marketing and sales too early. Things tend to go VERY wrong when a founder brings on board a senior sales or marketing person who is lacking entrepreneurial spirit and/or experience working in startups. Instead of hiring full-time, founders should seek out and consult with experienced marketers and sales veterans who work with startups on a daily basis for a fixed fee or company stock based on specific goals."
Using Fiverr is a great way to pick up work. Once you have signed up you can advertise your services. Fiver allows you to create your own gigs, whether you are offering web design, digital marketing, writing, or something else. You can choose how much you want to charge (it can be more than a fiver) and people will then contact you if they are interested in working with you. Fiverr will not only help you get experience if you are just starting off as a freelancer, but it will also help you earn some extra cash.
I used to have nothing to lose, but now that I have a lot to lose, I have a whole new perspective on this. Even after you’ve made it to the top, you still have to act like you have nothing to lose. And beware a man who has a great deal to lose, but acts like he doesn’t. Regardless of the amount of money a person has or the size of their company, or the amount of wealth they have—those people that take action and risk without the fear of failure are the ones that will ultimately take market share.
Based on my own experience, it pays to be a thought leader in your own industry. In today’s world, it is easy to publish your own information (including videos), but the traditional media outlets still carry a lot of weight. Get positive exposure and help others by sharing your expertise. By building up a following and strategic partners, good things will happen. On a side note, it pays to love what you do. Hard work and dedication can separate success stories from those that do not have their heart in it. As the old Confucius quote goes, “Find something you love to do and you will never have to work for the rest of your life.”
Running a startup requires entrepreneurs to be unbelievably resourceful. Many start-ups don’t always have the most lavish set of resources and money needed to scale up the business as they would like to. Almost 90% of the start-ups are bootstrapped, have limited access to money and resources required to perform certain tasks, or hire employees or freelancers, or even consultants; which essentially means that they have to perform most of the tasks on their own within the limited resources available at hand. This means making difficult choices, what all things to invest in, what all to not spend on.
There are so many sites available on the web. Some of them look identical, some other aren't even worth a mention. Wonder why? That's always a good idea to learn from the example of the most impressive and successful web designs. There must be something in their designs that attract the target audiences and makes their websites stand out from the competition.

There are loads of resources out there for networking, knowledge sharing and advice. Networking is not just for new business opportunities; it can be a wonderful source of support and fresh ideas. Attend events such as Leaderex (free master classes) and My Biz Expo (free if you register before a certain date). Don’t hesitate to ask for advice from those around you (such as your intermediary, bank manager, landlord or neighbouring businesses),  or online forums and Facebook community groups in your area.

It’s something akin to picking stocks. You want to buy undervalued domains, and sell them later on at a higher price. For example, you can pick a domain that is out of favor, but could be related to some future event. So if you decide that the stock market is likely to crash in the future, you can buy a domain that includes the words stock market crash during a rising market, and then sell it in a falling market.


One way to stand out from the competition with a drop shipping business is to private label your products. This simply means that you are putting your own label/brand on the products that the manufacturer is creating. That way you're not selling the same product brand and just competing on price; rather you can use your own brand and face less competition. Think about when you're looking at medicine at the pharmacy; the brand names sell for higher prices and people think they are different from the generic brands even though the ingredients are exactly the same.
What does that mean for you? It means Nielsen will pay you $50 a year to keep their app on your favorite internet browsing device. The app itself collects statistics on your internet usage anonymously, so you never have to worry about any data being linked to you. And the best part is, the app takes up barely any space and doesn’t slow down your phone or tablet at all!

Starting an Etsy shop is completely free, and they provide tons of support and training for sellers. This includes an online marketing training course that even covers the basics of SEO.  An Etsy store can be started as a part-time business, and then become your full-time gig when you're earning enough from it. The top sellers on the platform often sell over 1,000 items from their store every day. Yup, that’s 1,000 items every single day.

The first type of education to consider is something directly related to your field. If you are looking opening an auto shop, you will obviously need some education and certifications related to car repair. If you are thinking about being a self-employed electrician, you will need the latest education and training with wiring and circuitry. If you want to run a restaurant, training in food service will be useful. Pretty obvious, right?


This is similar in concept to micro-tasks, except that it is oriented toward specific services, such as cleaning services, pest inspection, handyman services, house cleaning, lawn & garden services or any of the skilled trades. It might actually be more accurate to say that it is a platform where skilled service providers can offer their services to site visitors, similar to Angie’s List.
Backlinks can make a huge difference for your website’s SEO. A backlink is when another website links to a page on your site. When you get a backlink from a site that has a higher domain authority than you do, it sends a signal to Google that your site is credible which can improve your rankings. Think of it like one of your superiors at a previous job writing a recommendation letter for you. That’s how the search engines see it. The more recommendations or backlinks you have, the more likely you are to move up in search rankings!
Here are my recommendations for the Financial Industry.  In 2016 investors hope not to drop the ball by missing out on a big opportunity in one sector or hanging on too long in another. Here, we present 10 sectors to watch in the new year, with financial and industry authorities weighing in on the potentials, opportunities and pitfalls to consider. You may also enjoy my Free Daily Signals.
Research individual companies in your desired niche: If possible, it’s always better to become an affiliate directly with a company (if they have an internal affiliate program), as no one else will be dipping into your commission rate. This is the preferred route for most of the prominent affiliate marketers, including Pat Flynn. Unfortunately, it’s also the most work, as you’ll have to do the research yourself to see who offers programs (they’re usually listed in the website footer).
"It's the execution beyond the idea that really brings home the gold. So focus on getting out there and meeting as many folks as possible to join your team, give you feedback and point you in the right direction. Any successful entrepreneurial journey is the sum total of a rather large (and under-appreciated) team that came together in a magical way. Get cracking on building yours."
Some people just seem to intuitively know more than others – they don’t get involved in destructive relationships or suffer from loss of self-knowledge. If you can relate to that description and feel your relationships have been fairly happy and stable, then maybe you’re one of them. You’ll need to invest in relevant workshops and books, get knowledgeable and certified before you can start coaching others, but it’s a fascinating business idea that will reward you both financially and morally.
My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.
It’s one of the oldest and most proven ways to make money – buy low, sell high. The buy low part comes from searching garage sales, estate sales, and even thrift stores to find items that are in good condition (“gently used”) but selling well below what they would if they were brand-new. In this way, you might be able to acquire an item for $5, and later sell it for $50.
Whether you have a website or are still dreaming up ideas for a blog, you can also look into affiliate marketing. With affiliate marketing, you partner with brands and businesses within the content of your website. If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program. From there, you’ll make money any time someone buys a product or service through your link.
My name is Jamie Spencer and I have spent the past 5 years building money making blogs. After growing tired of the 9-5, commuting and never seeing my family I decided that I wanted to make some changes and launched my first blog. Since then I have launched lots of successful niche blogs and after selling my survivalist blog I decided to teach other people how to do the same.
Here are my recommendations for the Financial Industry.  In 2016 investors hope not to drop the ball by missing out on a big opportunity in one sector or hanging on too long in another. Here, we present 10 sectors to watch in the new year, with financial and industry authorities weighing in on the potentials, opportunities and pitfalls to consider. You may also enjoy my Free Daily Signals.
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