Well 2012 is right around the corner and I wanted to share some ideas about making your enterprise the most profitable interenet business it possibly can be this year, because that's what I want to do too. I've been looking over my online business the last few months and assesing what parts of it still inspire and motivate me. I'd like to cull out the parts of my Internet business that I don't enjoy anymore, I plan on doing that by either eliminating them or out sourcing them in 2012.
I've just recently sat in on a profitability training given by THE best online business guru with regards to creating a viable, sustainable and meaningful business. It touched on creating or business that was focused on your core entrepreneurial strengths or tweaking the business you currently have to better be reflective of your core strenght. Working from your core strengths is probably the best way create the most profitable business you can in 2012.
Most Profitable Business Owners Get Off Track at Some PointTactics, methods, and strategies seem to change every year or even month in some cases but when you know your core strengths it doesn't matter how your doing what your doing. I suggest taking some time to reflect on why you started you business in the first place, and if you are in a better place now. Most profitable entrepreneurs take time to assess even though it can be a fast paced world we live in, it is a constant necessity to take note of where your at. Here are the red flags for me when I'm getting off track:
- I'm frustrated and don't feel up to meeting the demands of the day.
- I dread getting to work.
- I have more than 3 projects going on and none are progressing as the should.
- I'm doing more work in my business than in it.
- I'm not taking time to relax and enjoy the life I used to dream of having.
Sounds depressing doesn't it? Before you look at how you can make your Internet business the most profitable you can be it pays to broaden you view of what profitability really means. I like to define profit as: What My Business Gives Me. The first couple small businesses I owned were not created with a goal in mind, not much intent of a specific outcome. I just wanted to make money. That is a common goal for a young entrepreneur, yet it really isn't a goal at all, is it.
"More" is not a Goal, it's a recipe for unfullfilled frustration.More can never be achieved because there is always more.... on and on the dilema goes. The most important key to determining the most profitable businesss to start in the first place is one that can fullfill a clear and compelling goal.
How I Defined My Most Profitable BusinessAfter reaching the end of my rope with a commercial construction company I started in my early twenties I started taking goals seriously. That was the business that taught me (experiencially) that more was not a goal. I sat down at my desk one winter and started writing. I wrote what I hated about my business, what I loved about, the sacrifices I resented making, the cool things I was able to do because I owned, the stress and how it had impacted my life, all that I had given up, and all that I had gained at that point in time.
I had a lot of help with a commercial construction company I started when I was 21, but I got most of it 1,300 miles away when I was in Florida over the winters. People in my area were not real excited about sharing with me how to be successful, because I'd be their competition. Online it's been a lot different. For example,
HERE is one of the "every thing included" tutorials that helped me a ton online. To be more profitable and to validate/confirm the methods I was correct on and show me what was wrong.
It was a sobering experience and it was the "event" that led me to
starting an online business. Somewhere along the way it was clear I had gotten lost and this period of time became a time to redefine what a successful business was to me. It equipped me to seek out the best business opportunities to evaluate in the future and it was the time that I defined profitability for myself.
For me a
profitable business had to:
Create the reality that who I was provided for me at every level. I wanted a business that caused me to feel fullfilled, useful,challenged and yet well equiped at the same time. I wanted my business to comprised of multiple project I could work hard to build on the front end yet would continue to earn passively for years to come. I wanted to have complete control over my time and Income. I wanted a business that I could use to create a $10,000 dollar per month income passively. Some of the most exiting ideas about this
profitable business were:
- I would be available or opportunities that might arise along the way.
- I would have enough money I would never have to feel obligated to take advantage of an opportunity that didn't suit me.
- I wanted the business to be a business that would scale.
- I wanted a business that I could sell.
You Want Some Help Building a Profitable Internet Business?
When I created this list years ago I had no idea if these things were even possible, but I've since met people who have developed businesses exactly like the one I had in mind. If they could do it so could I right? So can you. If you want to Greatly reduce your learning curve and start the right way, I recommend taking a
Look at this Tutorial and
watch the Video. Personally I think the page is a little cheezy but if you use this as a guide you'll be miles ahead of 95% of the people trying to earn a full time income from home. Remember, it isn't what you know it's what you
DO with it. This program will set you up on the right path.
Learn More
HEREMost Profitable Internet Business To StartOver the last 5 years or so I've come to the point were I feel I've found the
most profitable business model that can be used on the Internet today. It combines
most of the most common methods you've likely heard of and I've been learning those methods. While I don't consider myself a guru at any of them I continue to improve and and become effectively efficient at each one. For me it is now a matter of putting it all together and launching it to the public as a group of products. Here are some of the elements of the
most profitable Internet business model in 2012:
- Product Creation (Create My Own Products).
- Membership Website.
- Blog with an active readership.
- Solid Advertiser Base.
- Low-Cost consulting or service offering
- Affiliate marketing (strategic)
- Timeless content and offering ( the business needs to evolve)
I've done all of these to some extent or another and I've convinced that I wont have the
profitable business that I desire until I can put them together a compelling way that meets a need of the marketplace. AND I have to get in right in terms of operating from my strengths.
Do You Own a Profitable Business?Are you an entrepreneur with one or more
profitable businesses? I'm not just talking about revenue-expenses= Profit either. Are you currently managing a magical business that gives you a solid return for the committment you gave it? Would you consider sharing in the comments?
If you have a story that relates to this article and would like to share more about it feel free to email me and I'll update the post with any valuable insight you could offer with regards to creating a profitable online (or offline) business.
Thank You.
J.crawford