Success leaves clues.

Below are a collection of 21 habits of successful entrepreneurs I work with online. 

1. Treat the internet like a business from day one.

It’s not a hobby.  It’s not a job.  It’s a business you invest your time, money, and energy into with an expectation of a return on that investment.  This means you go with your eyes wide open and a PLAN for monetization and profitability. 

2. Have a daily and weekly plan.

Keep it simple.  You have a plan of what you want to accomplish and daily actions to reach those goals.  Each day have at least one priority activity that will move your business forward.  Finish it first!

3. Choose one market and focus on it.

It’s tough for experienced marketers to manage several different markets at once.  A beginner starting out should concentrate on one core market and apply their full attention to growing an income there first. 

4. Research your market with purpose.

I’m shocked how little research people do before they go into a market.  They often don’t even know the most profitable competition.  Spend at least several days minimum in online research before entering a market you plan to make a living from. 

5. Develop an irresistible offer.

The purpose of the first sale is to generate a customer.  Make an offer that produces a high conversion even if it doesn’t generate the profits you want.  Backend sales are where the profits come from. 

6. Establish multiple streams of income.

This could equal advertising, ebooks, affiliate income, consulting, etc.  Find additional products and services to offer to your current customers.  Develop multiple entry points into your business. 

7. Concentrate on building a list of subscribers and customers.

Build your list and your relationship with that list.  I know I harp on this a lot, but this list would be lacking without it!  Serve your customers and stay in touch with them consistently.

8. Become an expert in at least one traffic strategy.

If you do seo, then become an expert at it.  Or do PPC.  Or do media buys.  Or do joint ventures.   Dig deep in a traffic method instead of become a jack of all trades and a master of none.

9. Add one or more additional traffic methods to your mix.

Become a master of one method.  Then add other methods or HIRE others to generate other forms of traffic for you.  One is a dangerous number where you could be out of business with a single change to their advertising.

10. Create a recurring revenue model.

Add continuity income to your business.  It could be a membership site of your own or an affiliate program you promote.  This provides a stable income for you and a foundational level you start each month with.

11. Limit your time in email and social media.

Both email and social media have the ability to suck hours from your day if you’re continually checking them.  Have a specific time slot where you check your email and participate in social media.  Don’t leave them open!

12. Know your numbers.

What are your subscriber conversion rates?  What about your sales numbers?  How many people take the upsell?  You should be able to answer all the basic numbers of your business quickly.  These numbers are what drive your results.

13. Keep a journal.

Write stories you come across. Make notes on new business ideas.  Write down results from your advertising.  Keep a journal of your business results to refer back to.  DON’T try to keep it all in your head!  You will go crazy!

14. Network with successful people.

Network with other successful entrepreneurs.  Turn off the news media and tune out the complainers who surround you.  Find people who are upbeat, moving forward, and accomplishing what you want to do. 

15. Limit your expenses.

Just this past week I’ve heard several horror stories of companies that came online with a large staff BEFORE they knew they could sell the product.  I’ve started my businesses on a tiny budget and then let the money be invested in the business.  At the same time, don’t let your personal life rise to the level of your online income.  You never know when they’re could be a speed bump in the road. 

16. Be willing to invest when required.

Watch your expenses like a hawk, but be willing to invest when required.  It’s worth the money to get a good design for your converting website.  It’s worth it to outsource your $5 an hour work.  It’s worth it to expand profitable advertising. 

17. Fail every week.

If you’re not failing, you’re not testing enough new things.  I could have said fail every day, but that’s pushing it for most people.  It’s more practical to think about a couple of new activities per week, one of which will fail. 

18. Create systems.

Have a system you follow each week for planning.  Have a system for writing your emails and blog posts.  Have a system of generating traffic.  Have a system for how you participate on Facebook.  Follow those systems and continually improve them to be more efficient. 

19. Implement what you learn.

You don’t earn money based on how much you know.  You only profit from information you implement.  Make a least one action step from everything you read or study.  This applies to all information products and even blog posts.  If you’re not consistently giving yourself at least one action step, why are you spending your time on it? 

20. Celebrate your uniqueness.

Share of yourself.  When you put yourself out there, some won’t like you.  But so what?  Pleasing everyone is a sure way to fail.  Attract the audience which likes you for who you are.  Be contrarian.  Break the rules and stand out in your market!

21. Have Fun.

If you’re not having fun writing it, then no one is having fun reading it.  Find ways to bring joy and humor into your daily activities.  The Internet Lifestyle is about living a life you truly love and enjoy.

Would you like simple step-by-step instructions to boost your traffic, triple your conversion rates, and take more time off?

Find out more about the Internet lifestyle and the steps to reach it in the Monthly Mentor Club – my print newsletter and membership site designed to take you to the next level in internet marketing.

Terry Dean
Terry Dean

Terry Dean has been in full-time internet business since 1996 and has helped thousands of entrepreneurs get started online through his articles and products. He lives in Ocala, Florida with his wife and 2 dogs. Find out more about how his step-by-step courses can help you today.