Thursday, October 16, 2008

Four Simple Steps to Saving Money while Starting Your Online Business

Four Simple Steps to Saving Money while Starting Your Online Business
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If you have ever started a business, you know what making the most of your startup money means to your business. So saving money instead of spending it can be the difference maker between success for failure.

There are five basic steps that any entrepreneur can do irregardless to type of business to make the most of their money.

1. Get a plan. There is a reason that banks require borrowers they don't have any experience with to have a business plan. The banks know that your chances of success go way up with a good business plan.

a. A good plan starts with a goal.

b. Then you need a path to get to your goal.

c. This path should include smaller more attainable goals to boost confidence and to raise expectations.

d. Getting a good plan together will give you direction and save you a lot of money in the long run. If you stick to it.

2. Stay focused. This is one of the hardest things to do in this age of cyberspace.

a. Some internet marketers have perfected a sales technique that seems to continually bombard you with one offer after another. And this is almost before you have paid for the initial purchase. You already have 4 more product offers and two membership offers plus bonus giveaways that entice you into giving your email address to someone else that will just keep bombarding you.

b. And each offer seems to entice you all the more. And each time you buy from someone new, the emails multiply accordingly. Soon all you have time for is to check your emails. As the offers come in, the next great idea always seems to be right in front of you.

c. I have nothing against those internet marketers, just a basic disagreement of methods. Many of them have a great many good products but if you spend your money on things you do not need at this time. You make them rich and you poor.

d. This is why you start with a good plan, but a good plan is only good if you follow it.

e. Follow your plan. Find success with your original business choice before branching out to other avenues. Save your time, save your money.

3. Buy only what you need. This seems easy enough, doesn't it? But when you are constantly being bombarded by internet marketers, it is easy to get sidetracked. There always seems to be a great idea right around the corner.

a. A good way to help yourself stay on track is to get a friend who will tell you like it is to give approval before spending any of your hard earned money.

b. Make sure you get someone that you trust without an agenda of their own. In most cases a parent makes a good choice because they will be more than willing to tell you something you don't want to hear.

4. Stick to those people that treat you right, people you trust.

a. When you are starting out it is not in your best interest to be bombarded by offers. Find marketers that accept no for an answer when you turn down an offer and will at least give you a few days before trying again. This gives you time to think, do I really need this or do I just want it?

b. I recommend sticking to those internet marketers that are selling what you need that do not bombard you with offer after offer without giving you that time to think.

c. There is nothing wrong with buying what you need but only buy it when you need it. d. Find people you can trust, join forums that will keep you focused and help you to succeed. Yes, there are places like this on the net. Really!!

Following these four steps will not make you any money, but it will surely save you a bunch of money. In this economy, every penny you save can make a difference. Don't let the "grass is always greener syndrome" get the best of you. Starting a successful business takes a lot of hard work, no matter what anyone says.

To learn more about starting an online business, Beginners Business Blueprint, or visit my blog and me at
Check it out for information on making money online with eBooks and other endeavors.

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