Learn New Effective Time Management Tips and Techniques

To effectively build a successful business online, it takes approximately 4 years to learn internet marketing and generate a full-time income. You will need to learn the following unless you can plug into a system that provides the essentials listed below:

1) Coding
2) SEO
3) Copy Writing
4) Sales
5) How to Create Information Products
6) Funnel Systems
7) Marketing

When you use a weekly to-do-list and stick to it you are ahead of the game because now you can realistically see how much time in a day you have to build a business or realize how much time you are wasting. Apply your schedule as an effective time management tip along with a plug-n-play marketing system and learn how to build a business to last in at least two hours a day.

Effective Time Management Tips, Techniques and Systems

I’ll go as far to say that most people get overwhelmed and quit trying to build their business online when they realize how much time, work and money is needed to turn a profit. It’s definitely not a get rich quick scheme and with the right tools it’s possible to build one in 14 hours a week. When you really think about it 97% of the people online work jobs and don’t have a business building mindset. Effective time management tips, techniques and systems are necessary when building a business online or offline.

I believe everyday people have the heart of a warrior when it comes to learning how to build a business online, but run out of money or get frustrated and quit because of the technical nightmares. It’s easy to become distracted online and get misled by people who just want to make a quick profit off of your hard earned dollars. Mastermind groups are a key component of personal development and can help anyone get in the proper frame of mind and stay focused. It takes time to build a business and it doesn’t happen overnight. The 4 year learning curve can drastically be reduced if you plug into the right kind of system because it eliminates the technical difficulties and leverages your time wisely. Meanwhile promoting products within the right marketing system generates the profits needed to build a business. The bare fact of knowing that you can turn a 100% profit rather than tiny commissions make good business sense. Do you think if more everyday people were aware of new effective time management tips and techniques within a system that offers the essential tools needed to become an internet entrepreneur the success rate would increase?

New Effective Time Management Tips and Techniques Can Make a Difference

I’m looking forward to what the New Year has in store for me are you? Feb 4, 2008 will be 4 years since I came to the internet to build a business online and I have spent thousands of dollars and countless hours trying to learn how to become an internet entrepreneur. Hopefully 2012 will be the year my hard work pays off. Do you think it’s your year of change too? The learning curve has been dramatically reduced for you and the playing field has been leveled because now it’s possible to build a successful internet business and learn affordable effective time management tips and techniques in one system without going broke.

Outsourcing Your Copywriting: One Of The Better Stress Management Tips Or Not?

Stress management tips and relevant training in how to use them have taken a prominent place as part of the staff benefits package in many big companies. If you are a small business owner you may have to become creative in how you manage not only your stress but those of your employees as well. The ultimate benefit is less revenue lost to sickness/absence due to work related stress.

One of the main stress management tips a small business owner can employ is outsourcing. However, they would have to think very carefully about what they are willing to contract out and at what benefit or cost. Many choose copy writing and writing for the web as the task they are most willing to outsource, but is that a good decision or not?

As with anything else there are benefits and drawbacks to outsourcing any aspect of your business.

Outsourcing writing for the web and copy writing

Benefits

One: It frees up your time to do other tasks

Writing for the web and copy writing can be a time consuming task and is not something many people like to do. For small business owners or self-employed persons freeing up themselves to complete other tasks by delegating or outsourcing anything would be an absolute godsend. A definite plus!

Two: It saves you time

Small business owners and self-employed persons have so much to do on a daily basis that anything they could do to save themselves some time is welcome. Finding time saving methods to complete tasks is identified as one of the better stress management tips.

Three: You can have quality content quickly

One of the main reasons many marketers and business people pay other people to do their copy writing and writing for the web is so they can have access to the content they need quickly. Many copywriters and ghostwriters provide deadlines or time frames for specific pieces of work and often try to work to deadlines set by the person purchasing the work. In some cases work can be delivered within a few days of it being outsourced and it can be of very good quality.

Drawbacks

One: Costs can add up

The cost of hiring a freelance writer to do your copy writing or writing for the web for your business can range from a US$5 dollars to US$30,000 depending on what you want them to do. Even at the lower end costs can quickly add up, so any plans to pursue this course of action needs to be clearly thought through and budgeted for.

Two: You have less control over the quality of the content

Sourcing good quality writers can be difficult and you may have to ‘kiss a few frogs’ before you ‘meet your prince’. Even then you have little control over the quality of the content you paid for as you can give the writer guidelines to work by but there is no guarantee what you will get back as the writer may have taken on a lot of work and in order to deliver on time may skimp on the quality.

Three: Your favorite writer may not be available when you need them

One of the problems businesses face if they manage to successfully outsource their copy writing or writing for the web is that they cannot control the external environment in which their chosen ghostwriter operates. Unexpected incidents, holidays, illnesses, childcare issues etc. could mean that your writer is not available when you need them. If you do not have a backup plan you may find yourself in need of some other stress management tips.

Four: You are not building knowledge and skills in house

Outsourcing any aspects of one’s business generally has consequences, in this case getting someone else to write your content often means that staff already in your employ won’t get the opportunity to develop or exercise this skill or any knowledge in this area of marketing which may be beneficial to your business in future.

Five: Failure to deliver

The inability to control your writer’s external environment may mean that content you ordered and possibly paid for in advance may not be delivered on time. Issues like taking on too much work, sickness, family commitments or holidays can affect the delivery of your content when you need them. This can be extremely stressful especially if your content was for a specific promotion.

Deciding whether to use outsourcing of your copy writing and writing for the web as one of your stress management tips needs to be thought through. Knowing the benefits and drawbacks of this decision can be quite helpful in your decision making and help you to think through other areas that may be more suited to outsourcing in your business.

Management Tip – The Top 3 Ways to Shrink a Business

There are three things I see time and time again that hurt people’s businesses. The amazing thing is how strongly people hold onto these ideas. I counsel people against these things. Some listen. An amazing number of people refuse to do anything about them. The top 3 management tips for shrinking a business are tempting, conventional… and deadly.

1. Put Your Product or Service Ahead of Your Market’s Needs

The number on trap people fall into is putting their product ahead of their market. Here’s a simple test. Answer this question:

“What is your Market?”

Stop and write it down on a piece of paper. Don’t read any further until you do it. It’s important that you have it down in undeniable form. Done? Okay.

Now put your answer in the blank of this next line to complete the sentence:

“I am going to ask _______ what they want for their birthdays”

Read your sentence. Does it make sense? Can you ask “your market” what they want? If you can’t it’s because you don’t know what your market is. Your market is not personal training. Your market is not cars. Your market is not oil companies. Your market is a group of people. If you did not write down a group of people as your market you are missing the point. Your market is also not “everyone who wants my product or service”. That’s a cop out.

The only thing that can be your market is a group of people. If you are a personal trainer, your market might be people who want to get in better shape, or overweight people, or elite athletes. Your market is not personal training. Once you understand that your market is a group of people, the world opens up to you. You are no longer trying to pitch products. Instead you are asking your market what they want, and then doing whatever it takes to help them succeed. If you think your market is personal training, then you go around trying to convince people they need personal training. You may have some success, but you are limiting yourself. If you know your market is overweight people you can ask them what they want. If they say “I want to be skinny”, you figure out how to get them skinny. Maybe it’s personal training, maybe it’s a diet plan, maybe it’s hormone regulation, maybe it’s liposuction, maybe it’s new friends who go walking together every Sunday, or a maybes it’s a combination of all these things and more. If their goal is really to become skinny then they don’t care which one, they just want to be skinny. You may know that personal training is a good solution for them. Great! Offer personal training. If they say no, offer them something else. Your product or service should not define which people you set out to help. Your market, the people you are trying to help, should define your products and services. This is the path to truly successful business. Products and services come and go. Markets remain.

You can make a decent business by offering a product or service. Lots of people do it. But you can only make a wildly successful business by defining your market, asking them what their problems are, and solving them. If you are married to your product, you are severely limiting your potential.

2. Try To Do Everything for Everyone

No one can do everything. Don’t try. Now wait a minute, didn’t I just tell you to do everything in your power to provide solutions to the problems your market brings you? Yes I did. But at some point you are going to have more than you can do. You cannot provide everything to everyone. If you try, you will stretch yourself thin, and no one will be satisfied with your performance. Suppose you have 10 products and “your market” is demanding you add 10 features to each one of them. That’s 100 new features. Suppose you can only do 50. What do you do? Do you drop 5 products so there will only be 50 new features? No. Do you look for a common group of people within “your market” who are asking for a similar reduced set of new features? Yes. You narrow your market, not your product line. If your new market tells you they only want 5 of your products, then you drop the other 5. If your new narrower market tells you they want all 10, but each one only needs 5 new features instead of 10, then you do that. If they tell you they need all 10 with 8 new features each then you need to narrow your market again. The point is that at the end of the exercise you need to have a group of people, your new “market niche” that you can consult with, and satisfy. Many more companies have failed from trying to serve too large of a market niche than those trying to serve too small of a market niche.

If you try to do everything anyone asks, you will end up pleasing no one. When you must reduce, you start by narrowing your market niche, not by narrowing your product or service offering. The product and service offering only gets narrowed according to the needs and wants of your new market niche. If you can’t effectively solve the problems of your market, then consider narrowing your market until you can. Focus and dominate.

3. Make Price Your Main Selling Point

Too many times I see people try to undercut the competition’s price as their main selling point. If you are looking for a business life of constant struggle, then this is the strategy for you. Price is important and you need to be competitive, but using price as your main selling point is entering into the most cut-throat business there is. Anything you can do to lower the price, your competition will be able to do a few months from discovering what you are offering. Available budget is something to be discussed at the beginning so you don’t waste your customer’s time with things they cannot afford, but price is not a selling feature, it’s an order detail.

Not convinced? Take a look around at the most successful product businesses you know: Coca-Cola, Nike, Microsoft, Honda, Toyota, Sony. None of these are the low cost offering in their field. A few of them started out that way, but they quickly realized that is not where the money is and raised their quality and profile to compete on items other than price. People are willing to pay for quality and service. People looking only for the best price usually don’t have much money to spend. Does that sound like a good market to serve? If that is truly who you want to help, do it understanding they are probably buying products from China, India and the Philippines. These countries have an advantage in labor costs (that is quickly disappearing as the standards of living improve) that allows them to compete on price. Even these countries are now looking for ways to move beyond the price wars and compete on value and service. They too recognize that price is not a long term competitive advantage.

Be conscious of price. Don’t sell based on price.

Summary

There are many paths to success and many paths to failure. Three of easiest mistakes to fall into are being more committed to your product than to your market, trying to do everything for everyone, and using price as a competitive advantage. Beware of these three paths to failure. They are lined with the failed companies who tried before you.