If you are a
home based business owner probably the
largest obstacle you must overcome is
finding motivation. You work at home
and need to get online to work on your
website, marketing, research, etc. But
there are many other things going on
that vie for your time. What do you
do to ensure you are devoting adequate
time to your home based business?
My main tool for motivation in my
home based business is goal setting.
This takes some planning, but if you
spend a little time you can develop
challenging, yet attainable goals.
Why set goals? Goal setting allows
you to determine where you want to
go with your business. Setting targets
gives you a basis for creating a defined
plan and to identify those activities
that are non-value added.
Goal setting is an activity used
by successful business people, top
level athletes, students and high
achievers in all walks of life. Setting
a goal and then reaching that goal
gives a great sense of satisfaction
and accomplishment.
There are several types of goals.
You first establish your long term
goals. These could be set for three
to five years out. Profitability,
net annual income, increase in business
volume, ROI, size of customer base
could all be used for long term goals.
Next is the creation of medium term
goals related to the long term goals.
These would be in the one to three
year range. This is followed by short
term goals that you want to achieve
in the next several months. Finally,
you develop an action plan that will
lead to meeting the short, medium
and long term goals.
The lifeblood of an online home based
business is visitors to your website.
So one of the goals should relate
to how many visitors you are getting.
Granted, there are ways to generate
thousands of hits, so the goal must
reflect "targeted" visitors.
If you are new to online marketing
you can set a smaller target. Set
goals for one month, three months
and one year. When you have met your
1 month target reevaluate the longer
term goals and adjust them if necessary.
Just be sure to validate or revise
your action plan to keep moving toward
the next target.
If you are not meeting your goals
review the steps you are taking. Look
for new and creative ways to market
your home based business web page.
Don't limit yourself to online marketing.
Business cards, newspaper ads, flyers,
etc. are all great options.
If your home based business offers
a product the goal could be obtaining
a certain number of orders per week
or per day. It could be sales or unit
volumes. If you are an affiliate marketer
your goal could be recruiting a certain
number of affiliates per day or increase
in your downline.
Once you have generated an adequate
quantity of data, i.e., unique visitors
per day and units of product sold,
you can determine how much you sell
per unique visitor. A new goal could
be to increase the sales per visitor.
Make sure your goals have a time
aspect, such as 500 visitors daily
by the end of the next three months.
Setting achievable goals and then
attaining them is a great motivator
for a home based business owner. Once
you get in the habit of setting and
reaching goals your enthusiasm for
your home based business will grow
and your success will be assured.