7 Signs You’re Not Ready For Online Business Success

Dot.Com or Internet businesses started going main-stream in the early 1990′s and between 1995 and 2000 internet stocks were selling at multiples of their book values. Most of the Dot.Com companies had nothing tangible to justify their Mount Everest-high prices. It didn’t take long before the market started correcting itself and by October 4, 2002 the NASDAQ index had crashed by 76.81%, to 1,139.90, from a peak of 5,084.62 recorded on March 10, 2000..Since the burst, the Dot.Com business had separated the men from the boys with valuable lesson learnt. Many of the boys went home to their parents to lick their wounds while the men started searching for the keys to online business success. As a matter of fact, no one key to online business success was found as internet business was a brand new territory. So it became a matter of trial and error to find out what worked.In 2012 Rich Schefren released his much-acclaimed Internet Business Manifesto in which he advised Dot.Com entrepreneurs to approach every aspect of online business, from list building to product development and sales, strategically rather than tactically. He particularly noted that technology is an enabler and the whole focus should be on developing structures and building relationships rather than looking for tactical advantages like trying to outsmart the algorithms.Since the Dot.Com crash, many online entrepreneurs have figured out what works and what doesn’t and the internet is producing millionaires in record numbers in assorted niches and sub-niches. One of such millionaires is Russell Brunson, the author of three best-selling books: Dot.Com Secrets, Expert Secrets, and Traffic Secrets. These books are definitive guides on what works online. If only to note in passing, as at the 2020, Russell Brunson’s net-worth was estimated at $41m; a figure he built over 15 years.Scott Cunningham of Social Lite not long ago pointed out that online entrepreneurs go through three phases: the crawl phase, when you’re making less than $100,000 per annum, the walk phase when you’re making between $100,000 to $1m, and the run phase when you’re making over $1m. It is at the crawl phase you need the most learning.For those of us in the crawl phase, it’s important to note that, just like anything in life, online business has its own guiding principles. Those who succeed in a big way online follow these principles. The opposite is also true for those who fail. As Russell Brunson and other internet business experts would readily advice, do what works. Don’t try to reinvent the wheel.Here are seven signs you’re not ready for online business success. Not in any particular order, they include:1. You’re not curious, indeed more often than not you’re skeptical that people like you are building successful online businesses and making money.2. You’re not paranoid, indeed you believe online business is a passing fad and will soon go away. Andy Grove, Intel’s co-founder, once said, “Only the Paranoid Survive”. The internet is not likely to go away soon.3. You believe Social Media is a distraction; if you use SM at all, you use it for the “social” aspect. Social media like Facebook, Instagram, and YouTube are business tools if you know how to use them.4. You lack production mindset, you rather consume, and if you produce at all, you’re inconsistent. To succeed online, especially if you’re selling digital products, you must be a prolific producer.5. You wear the toga of expert, always asking, “What can anybody teach me?” As Steve Jobs said in his Stanford’s 2005 Commencement address, “Stay Hungry. Stay Foolish.”6. You focus on the negatives: fraud, complexity, and the technicalities etc., thus convincing yourself “it’s not for me”. The internet has its dark side. It also has its bright side. Embrace the bright side.7. You live a “satisfied life” believing you’re already successful so “why bother?” This is the attitude of high corporate earners. Why not invest and learn now you’re earning high; sooner or later, you’ll retire.If you exhibit three or more of the signs I have enumerated above: you lack curiosity, you’re not paranoid about the internet, you hate social media or only use it for play, you rather consume than produce, you consider yourself an expert who knows it all, you only see the dark side of the internet, and you’re too satisfied to bother, the simple interpretation is that you lack online business success mindset.The signs simply say you’re not ready for online business success. I define online success as someone who makes a minimum of $10,000 monthly online and scaling and investing massively to move from the crawl to the walk stage. My simple advice to you is this: get off your couch, put on your running shoes and start looking for online business influencers to learn how you too can succeed online.

A Shift in Telecommunications

In these modern days, we have the freedom to select and consume a wide variety of information, right? Well! not exactly. We do have access to enormous streams of information, but did you know that the majority of those streams actually come from very few sources. Consider the broad effects of this current format and ask yourself what information that you see each day is provided by a large corporation and what do they stand to benefit from it?Next ask how many different people are affected by this? The truth is that everyone is. The customer, the news reporter, the filmmaker, the artist, and the advertiser are controlled by the monopolies that allow us to share our creative works, or to view what they choose for us to see.This is not the first time the monopolization of information has happened. One hundred years ago, in 1913 AT&T (Ma Bell) became the ultimate telecommunication monopoly. They even averted an antitrust lawsuit by convincing the US President that it was for the greater good of society that they should be allowed to sustain their enormous size.In 1982 their luck ended and the government won a court order, causing them to split into seven operating companies knows as Baby bells for antitrust violations again. Still, it didn’t stop them as even now they strive to rebuild. From 1995-2005 four of the seven baby bells were acquired by SBC and in 2006 they rebranded themselves as At&T. While Verizon along with Comcast purchased $3.6 billion worth of wireless spectrum, plus the recent reports of the merger of Comcast and Time Warner… 6 of the 7 Baby Bells will reunite and become part of an even greater corporate telecommunication monopoly, Comast-Time Warner!Recognizing now, this monopoly controls much more than just our telephones… Our TV shows, News, Sports, Movies and even the ads that play in between are in their hands. You can see it will all be strongly influenced by the philosophies, ideas and financial motivations of one single source. Please notice, they are doing it with the same false claim that it is for the greater good of all of us, they say it will cost less if it’s all bundled closely together. Is it worth it? Is the cost of bundling worth the loss of the truth, options and creative competition?A more extensive list of dangers associated with a monopoly of information is available, but a few highlights are: sensationalism of products and activities that financially benefit the monopoly, and censorship of truthful information that could cause harm to it’s success and survival. When you consider the wide spectrum of control of information had by these giant monopolies, it’s not hard to start looking at what we watch through an improved lens of speculation.

Commercial Loans – Cost Effective Way of Funding Business Needs

When your little idea, your dream starts taking a real shape – you know it is time you garnered your finances to make it grow. At times your effort fall short and there you are filing for loans. Commercial loans can help business interests with uninterrupted capital supply.Commercial loans can be used to buy business premises or commercial building for both new or establish businesses. They can be used to buy any business asset or to finance the expansion of any established business.Different commercial loans lender have different way of processing commercial loans. You can start with pre-qualifying for commercial loans. This determines how much as a borrower you can afford as commercial loans and which commercial loans programme will suit the best.Commercial loans are the biggest way of financing business projects. While providing you with commercial loans, the loan lender will look at general information as your income and existing debts. Your application will be reviewed by a loan officer.Commercial loans lender will take keen interest ino Credit historyo Reason for loano Collateralo Ability to repayo Your investment in the businessDocuments to gather while applying for commercial loans are -Loan request – the amount of loan requested, how the funds will be used, loan type and amount of working capital on hand. Commercial loans lender will feel more secure knowing that you have invested your own money in the commercial plan.Business plan – If the commercial loans are used for starting a new business, the business plan is crucial. It should include cash flow projections for first 24 months. Information should be concise and clear. Its feasibility will be fundamental in getting commercial loans approved.Personal financial statements – In case commercial loan is used for expansion of business, it will be required for you to give business profile. Personal financial statements would be required for anyone who owns 20% or more of business. Complete information about current debts balances, payment schedules, maturity, and collateral used to secure other loans. You can be required to provide more documents during the loan process.In case you are purchasing real estate, you might be required to submit preliminary environmental reports, area maps, title reports, property appraisals, and lease summaries.Decisions for commercial loans take usually 1-5 days. During this time, you might be required to give further information. Commercial loans broker can help you submit your loan application to several lenders for approval. Your job is to select the most attractive offer and returning the final letter of intent. After all the conditions are satisfied, the commercial loans are approved and the lender will give a final loan commitment. At the closing, the commercial loan will be transferred with a cashier’s check, draft, or electronic wire transfer.Commercial loans are either secured or unsecured – with or without collateral. Secured commercial loans are more commonly available as commercial mortgages. Commercial mortgage are provided at better terms, interest rates and repayment options. Commercial loans are available with fixed and variable rate options. Fixed rate commercial loans will mean that your interest rate and monthly payments will be fixed at the beginning of the loan and will remain so throughout.Businessmen apply for fixed rate commercial loans for it helps in effective financial planning because they know how much they are giving out every month. With variable rate the interest rates changes in accordance to the changes in the market. The benefit with variable rate is that they start with lower interest rate than fixed rate. But interest rate can increase during the term and therefore you will have to pay more. On the contrary fixed rate commercial loans will leave no space for change in case the interest rates drop.Investigate before you make a commercial loan claim. Be prepared to answer some questions. Commercial loans are cost effective way of funding business needs when you need it. Commercial loans can strengthen your competitive position; increase your working capital and maximum profitability. Investigate your opportunities with commercial loans and see how your business becomes a commercial success.