I am just putting together the information foe the one on one coaching program that will be release soon.

There are 8 lessons in running an online business that came up that I wanted to share while doing this program (there is a lot more)

Lessons 1 – Only Learn From Those Who Have Achieved Success

There is a saying, those who cannot do, teach.  Often many people who teach online marketing know this stuff well, however dont make money outside training.  Why do I train, for fun and it helps me learn.  99% of by 2011 income so far is from running online business’s, not this site or courses.

Lesson #2 – Focus on one website or online business at a time in the stage of building this business. I have tried juggling projects and it was a great way not to succeed.  If you dont have one, try not to balance more and hope for the best.  Have one solid business you are working on and keep at it for 3-4 months minimum before you do anything else.  In2011 I had one new business I focused on.

Lesson #3 – Systems and outsource are a must.

This is soo important, learning about them is amazing.   You can do everything, however if you want to grow, you must surround yourself with super cool team and put in strong systems

Lesson #4 – Your business should be designed so you do not have to work when you Travel.

Unless you like working while you travel, I dont.  I did it back in the day, when I visited family and worked, however I got a good team.  If you have to work while you travel, in my opinion that is not a vacation.  Clearly define this before you travel

Lesson #5 – Build a strong team.

I touched on this already, however team includes accountant, coaches, mastermind and people who work for you.  Surround yourself with people who have done it, not people who think they know.  I got friends like that and they are good for ideas, but experienced people is who you want.

I had an accountant and my business out grew, it ended up costing me alot more in taxes.  Was I happy, NO.  I learned and now hired someone who can handle what I want to do.

Lesson #6 – Always be learning

If you are reading this, you likely are doing this already.  We are life long learners.   It is important to keep learning.  I was at a marketing course ($2,000 admission), someone asks, well if you already got a business running, why are you here.

I am always learning and interested in new ways on how to work on my business.  I suggest you do as well

Lesson #7  Taking action gets you rewards.

Reading this blog post is nice and thank you, I appreciate it.  Leave comments below.   However putting it into action is where the real rewards are.  How much time are you spending reading and course after course and making action.  The real reward is in taking action.

Lesson #8 – Value your time

When you do internet marketing, it is hard, you will do a lot of work and much will fail.  Failure is a learning experience.   Everything you do should be value for your time.

Find what works first -

If its repetitive, outsource it

If it can be programmed, do it

I am doing a coaching program coming up (access now it only to my list, not general public) and it is trading time for money and what I am charging is very low vs working on other projects.  If you have asked me to coach, I would say I prefer not to do it and if you insist,  I charge $900 an hour.   However looking at other online business’s is creating additional value for them will help me learn.   Plus with automating I got time I can put towards this right now.

IF you are gonna give your time, make sure you got your basis covered and value your time and value others time as well.

Cheers,

Mukul