Wednesday 9 April 2014

When Is It Time To Quit Your Online Business?

Sometimes we can be blind to the obvious! This can work for and against us but in a business situation you can't afford to be blind. In this article I am going to discuss when it might be time to re think and even quit!
We all have off days. Days when nothing seems to go right or we don't make any sales. When building an online business you have to expect those types of days. Certainly at the very beginning you are probably going to see more of those days than successful ones!
It takes time to build any business and an online business is no exception. Just because there are promises of quick and easy results means that we can often think that our business is going nowhere when in fact things are actually working.
Realistically it takes 3 to 6 months of hard work to really understand if you business has the makings of being successful. You need to give it time. However, there are times when it becomes necessary to take a step back and evaluate what you are doing to see if in reality you need to quit.
Here are two things to look out for:
Decreasing Sales
If your sales are going down then you need to investigate. If you can honestly say that you have continued to put the same effort into your business as you have previously then this is a warning sign.
Perhaps the market has changed?
Maybe your customer has gone elsewhere?
If you are no longer making sales then ask your customer first for feedback. It might be something as simple as a process no longer functioning, like your automated email campaign.
If there is no reason that you can fix then seriously consider calling it a day. This is more likely to be the case if you are in a rapidly changing niche such as technology or one that is not evergreen. Be careful with these niches - you need to keep up with the trends.
No Subscribers
If you are no longer getting sign ups then you need to find out why. It could be that your offer needs changing or your prospects are now somewhere else online. Without subscribers you will continually struggle to make consistent profits.
Make sure that you are focusing on traffic generation exactly where your market will see your offer.
If your offer is no longer relevant then you need to reconsider what you can offer and if it is still in demand.
Changing your tactics or product line may be all that is necessary but a change is definitely needed.
By the way do you want to a sustainable income online? If so then download my brand new free eBook on how to maximize your profits by creating your own high quality products quickly: Super Fast Product Creation
Or visit My Blog for more step by step help.
Article Source: http://EzineArticles.com/?expert=Kay_Franklin
Article Source: http://EzineArticles.com/8278450

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