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Millions of people worldwide are working online, and with good reason. There’s a lot of freedom in being your own boss. But running an online business doesn’t come without challenges. While the pros definitely do outweigh the cons, it’s still important to know and understand exactly what some of the cons are.

A 6 figure blogger shares some powerful tips for those of you who are thinking about starting an online business. If you can follow through and think you can make it, kudos to you! Being an online entrepreneur is not for the faint of heart. Here are 10 warnings, tips, and other tidbits of information you need to know before you dive in. 

It’s Really Hard Work

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Are you prepared to work harder than you probably ever have and, for the first little while, for free? Do you have that in you? You are going to put in 10-12 hour days, some with little to no pay. You will eat, breathe, sleep, work! You must stay persistent and remember why you’re doing this. Your friends and family may laugh at you. Stay focused!!

Know Your Market

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If you have a great business idea, it’s important to know who and where your market is. Are they millennials or boomers? Do they live in your country or worldwide? What’s your competition like, and where are they? What makes them successful? There is a lot of research to do on your market before you even start. 

You Need to Learn the Hard Things

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All the hard things that go into running an online business. Did I tell you this isn’t for the faint of heart? Learning is hard, and you will need to learn really hard things. You will get super frustrated, and you will want to give up. Don’t give up. You will soon realize that the more you learn, the more proud of yourself you will be. It’s a wonderful feeling, really.

Say Goodbye to the Life You Used to Have

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Say bye to your friends, family, hobbies, and extracurricular activities. All of it. Well, not forever, though. In the beginning, while you’re getting your online business up and running, you will have little to no time for any of that. Going out and having fun doesn’t pay the bills. In time, once your business is established, you’ll be able to enjoy life as you once knew it.

Make a Plan

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If you fail to plan, plan to fail. You must have some sort of plan in place—things like marketing, budgeting, creating, etc. What’s your plan for the first 6 months? How will your business run if you don’t have any plans for its success or obstacles? You need to know what you are up against and how to handle these challenges when they arise.

Be Prepared For Things to Go Wrong

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Things will always go wrong, stop working, break, malfunction, you name it, it’s bound to happen. Be prepared for many ‘pulling out your hair’ moments. It’s a good idea to join blogging/entrepreneur groups on Facebook or Slack and find some techy friends who can help you. When things go wrong, you may want to throw in the towel and quit. Don’t do that.

Find Successful Entrepreneurs and Follow Them

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Don’t waste your time in Facebook groups with people who are never getting ahead or succeeding. You need to find the high rollers, 6 and 7-figure bloggers, and find them. Sign up for their weekly newsletters and their freebies, join their blogging groups, and read their blogs. You will only learn from people who are already doing what you want to do. 

You Gotta Pay to Play

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Starting an online business, while it’s basically free, you will have to pay for tools, programs, pay for subscriptions, etc. You can’t cheap out here and get everything for free. You’ll have to invest some money into good tools and such in order to run a successful business. Yes, you can easily pick up some good things for free, but not all. Make sure you add business tools to your monthly budget.

Stay Organized

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Keep a checklist of all the tasks you must do each day of the week. Make sure to jot down names of people you need to connect with, chores that must be completed, etc. There is an ongoing laundry list of things that must be done daily in order to grow your business and succeed. Stay organized and on top of all tasks. 

Shift Your Mindset

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This is so important. If you have a poverty and “I don’t think I’m going to succeed” mindset, then you will stay broke and never succeed. You have to believe in yourself and your inevitable success. You must switch your thinking from lack to abundance. This is probably the hardest part of being a successful online business owner, but I can’t stress the importance of it. Without this, you have nothing. 

Conclusion

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While starting an online business is a lot of work and can definitely be stressful, you can’t forget why you want to do this in the first place. Do you have a dream, a goal, a long-term vision? Don’t forget your why. It won’t be easy, and it won’t happen overnight, but with hard work, determination, and perseverance, anything is possible. Start believing in yourself and your dream, and get to work. 

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