Category: Home Working

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6 Ways To Overcome The Fear Of Failure In Online Business

As an online entrepreneur, failure is inevitable. You should note that failure is part of life, and this includes online business failure. However, the way you deal with it determines whether you succeed or not.

Many people fail to start their online businesses because of fear of failure. These are six ways to overcome the fear of failure in online business.

Prepare to Succeed

Before you even start your online business, you need to prepare to succeed. This means you first learn how to do your business. Well, you know how to fail. Ideally, you can fail by not doing anything or doing stupid things.

Therefore, you need to find exactly what should be done to be successful. Acquiring knowledge will ensure you achieve success.

For instance, you need to know people who will buy your products and services. Make sure you offer a price and quality that is competitive enough to encourage people to purchase it.

Make sure you have a business plan. This will help fill in your knowledge gaps and provide you with steps you will follow. Think of your business plan as a blueprint for success.

Change Your Attitude

You need to figure out what scares you from starting an online business. Many people are terrified by fear because it makes one feel bad and you can end up losing your investment.

The truth is fear cannot change your personality. Therefore, even if you fail, you do not become a bad person. Failure will affect your actions negatively.

It does not matter what others say about you. You cannot control their actions or thoughts. Hence, there is no need of losing sleep over them.

Stop Comparing Yourself to Others

Every niche has a group of companies and individuals that get to the top. You should make it a habit of learning from their approaches and then emulate them.

It is advisable to study the failures and successes of entrepreneurs, no matter the industry or business they are in. However, you need to be careful not to compare yourself to others.

Remember you are on a mission to build a unique online business. Then, you should stick to your uniqueness. Respect the performance of other online entrepreneurs but do not envy them. You can never be the other people. Do things your way and you will achieve success.

Just Keep Going

You can also overcome the fear of failure by taking action. When fears, negative thoughts, and doubts fill your mind, you should stay focused on the right actions to take.

Fear is common when doing things for the first time. That is because when you are doing something new, you are leaving your comfort zone and getting into the unknown. Instead of retreating to the comfort zone, embrace fear and keep going.

There is a need to face fear head-on and keep on taking action. As a result, your comfort zone will expand and your fear will subside.

As an entrepreneur, you should use fear to fuel your motivation. It can be fear of mediocrity, fear of rejection, and fear of failure.

Focus On Solutions Not Problems

Remember your business exists to provide services or products that solve problems people have. If you want to succeed, then you should know how to embrace problems. This does not mean you focus on problems. Instead, you should focus on solutions.

Consider problems as opportunities to come up with solutions. If employees complain about a given challenge, an opportunity might be existing there. As more problems bile up, more opportunities become available.

Education and Research

As you know, knowledge is power. You can eliminate or minimise risks by utilising the experience and expertise of others. Before starting a business, you should educate yourself on different topics.

Learn expert tips and common mistakes you should avoid. Get to know the commonly overlooked business challenges.

During your research, you will discover that many entrepreneurs have faced fear before and they have overcome it. You should also learn the methods they used to overcome fear.

There are many online resources where you can learn some business knowledge to help you overcome obstacles. If you know of a successful entrepreneur, you should seek advice from him or her. Also, you can discuss challenges and brainstorm ideas together.

You can also seek a business mentor who can help you overcome fear. Consider joining networking groups with other online entrepreneurs. These are people who face the same challenges and fears as you.

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12 Productivity Hacks for Online Small Business Owners

Running a business is not an easy task. There is a need to be always ahead of your competitors. Even small tweaks to your operations can have a massive boost on your business. You need to manage your time well to stay productive.

These are some productive hacks for online small business owners that are easy and quick to implement.

Prioritise Tasks

The first thing to do is to prioritise your tasks. You can do this by creating lists of tasks to be done daily, weekly, and monthly.

After creating the list of tasks, you should prioritise them. This means organising them in order of most important or urgent to least important.

Include a list of critical tasks that must be done to move your business forward.

Delegate

If you have a team, you need to find what every member is good at and delegate. Determine the tasks to be delegated to your employees.

For instance, if you want to create content for your website, you should delegate it to your content writer. If you have employees who have a passion for writing, you can ask them to devote time for a few articles weekly.

Mute Device Notifications

It is time you do away with unnecessary distractions from your devices. The stream of chimes, flashing lights, and chirps can take your time and focus away from work. You can stop this by muting your notifications.

Studies have shown that stopping to check alerts on your phone can cost you a lot of time. Instead, create a schedule to check your messages and emails. Keep your devices out of sight. This prevents you from being tempted to use them frequently.

Take Real Breaks

Maybe you feel breaks are unnecessary luxuries. This explains why many business owners avoid them. Rather than taking time away from their computer and taking a break, they use their free time to read emails.

It is advisable to take a walk or get a cup of coffee. Although breaks seem frivolous, they provide a period of recuperation. As a result, you can get back to work with renewed energy and focus.

Meditate

Meditation can help take your productivity to another level. Start meditating when you wake up. This will help you clear your mind and bring the best out of you.

It helps you to become less stressed, more focused, and have a higher awareness. The awareness helps maximise productivity and minimise distractions.

Start Early

Create a habit of starting your work early. You can do a certain task before 8 AM. During this time, you should avoid receiving phone calls or emails. This is the time to focus on your to-do list.

You will find this to be a fail proof way of doing the most demanding tasks or those that require consistent attention. It does not matter unexpected interruptions that come your way, you can achieve your goals.

Write Down Your Goals

Writing down your goals can have a huge impact on your productivity. Make sure you write down your goals for each month. After this, you can break them down into small goals.

When you approach your work this way, you can free enough space and make your goals seem more achievable and less intimidating. Moreover, you can derive motivation to achieve your goals.

Create Templates

Make sure you have a template for everything you want to do. It is advisable to start creating templates as soon as you start your business. This means you will not need to create the same thing multiple times.

Also, templates make it easier for your employees to do their work with minimal supervision.

Avoid Social Media

Studies have revealed that social media is more distracting than phone and email. You may want to read a comment, but you end up wasting several minutes browsing aimlessly.

When you start to work, mute your social media notifications. Also, you can log out of your social media accounts to avoid being tempted to peek into the homepage.

Embrace Technology

Technology can help automate some tasks and free up your time. Some tasks like invoicing can be automated.

If you have certain repetitive tasks, technology must be having a solution to them. For instance, you can use software applications to manage your payroll and account reconciliation.

Avoid Multitasking

Many people have embraced multitasking. Unfortunately, multitasking can cause more harm than good. You should note that your brain is not configured to swiftly move from one task to another. Multitasking can make you more stressed out and less effective.

Have Essential Tools

Always plan ahead your work. This will ensure you have all the required tools to do the work efficiently and effectively.

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7 Home Businesses You Can Start With No Money

Earning more money is the fastest way to build savings and pay the debt. Therefore, starting a business is a good idea. It is now possible to start a home business without any money. These are some examples of home businesses you can start with no money.

Blogging

You can now start a blog without any money. Before you start a blog, you should consider your interest, passion, or expertise in a given subject or niche.

There are many platforms where you can build a blog for free. However, most of the free blogging networks have some restrictions, especially on advertising.

Remember that blogging is not only about writing, you can also post links, videos, and photos. Some people even make money reposting news.

If you want your blogging to be successful, you should post unique content to the target audience regularly. This is a great way to rank higher on search engines. Make sure your content is always engaging to your audience.

There are different ways you can make money through blogging. For instance, you can sell advertising space on your blog.

Pet Services

If you love pets, you can start a pet daycare and training business. Many people hire others to watch over their pets while at work or when they travel abroad. Other than being a no-cost business, you only need basic skills.

Also, you can offer other pet services, such as grooming, walking, sitting, and more. It is advisable to mix up the services to find what works for you. If you have pet training skills, you can start a business on the same.

Dropshipping

When it comes to dropshipping, you do not have to keep an inventory of products or handle shipping. This eliminates the financial risk and cost of renting a warehouse. Moreover, you are not involved in the manufacture of products.

Your work is advertising and marketing to get customers who are interested in your products. After the customer buys the product, the shipping is done by the manufacturer. Your only cost is marketing.

With dropshipping, you can offer thousands of products. Make sure you only sell products from reputable manufacturers or distributors. Since this business model is competitive, the profit margin is small. You can only generate a lot of profit if you sell a huge volume of products.

Affiliate Marketing

Many businesses spend a lot of money on affiliate marketing. You can equally take advantage of this and start your business on the same model.

With affiliate marketing, you promote other company’s services or products for a commission on sales you make. Commissions can be fixed or based on a percentage of the product’s price.

You can start affiliate marketing without any cost. Moreover, it is easy to scale. You have the freedom to promote a multitude of products from various companies.

Make sure you choose an interesting and profitable niche. You can promote both digital and physical products.

As an affiliate marketer, you only provide the tracking link to the customer to click and buy. The merchant does everything from order fulfillment, billing, and customer service.

You can do affiliate marketing on social media or on your blog.

Online Video

Nowadays, many people watch videos, movies, tutorials, and music on video streaming websites such as YouTube. You can also create your YouTube channel and monetise it.

If you want to achieve long-term success with YouTube, make sure you create useful content. Make sure your content is engaging. Also, choose your niche carefully. You will earn through advertisements and endorsements.

Freelance Writing

Do you have a passion for writing? You can start a freelance writing business from home without any cost. There are many freelance platforms that hire writers. Usually, it is free to join these platforms.

You need to build your client base and portfolio. Start with a freelance platform like Upwork, Freelancer, and Fiverr.

If you have a great mastery of a given language, you can offer freelance editing services. If there is written content, there must be a demand for editors.

Thus, if you have excellent writing experience and editing skills, you can start freelance writing business from home.

Tutoring

For the last few years, there has been a huge demand for tutoring services. Many parents seek extra support for their children. Well, this is a great opportunity you can tap into.

Before you start a tutoring business make sure you identify your area of expertise and research your competitors and market. In addition, you need to determine your pricing and research the tools you want.

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