How To Run Your Online *Fill-In-The-Blank* Like A Real Business – Part 2 of 2
Hope you have enjoyed the first part series whereby I shared on:
- Having the right mindset on getting started with your online venture
- The right planning strategies like Marketing Strategies, Monetizing each area of your marketing
- And having a Plan to guide you along
If you like to read back the first part series, click onto this link >> How To Run Your Online *Fill-In-The-Blank* Like A Real Business – Part 1 of 2
Once you are done, i’ll like to share with you the last part of the series on how to run your online venture like a real business, keeping in mind on keeping good records, a journal of your achievements and failures and lastly – bringing in the action!
5. Keep Good Records Of Your Investment And Profits
Every business has their own records of investment and profits – this is to keep you in track that you are spending wisely and every penny that you have spent has the potential of converting into a profit.
In the long run, this will help to ensure that you are running a business that’s profitable in the long run.
Example of Keeping Track Of Your Investment:
- $xx/month for 5GB of web hosting but site is down every other day – time to speak to representative / to switch to other web hosts. This can be a bad investment.
- $yy/month for email marketing autoresponder services – good tracking services, high deliverability of emails and resulted in good conversion and profits (more than what you have invested). This is a good investment.
- $zz/month for outsourcing services – the virtual assistants are responsible and produced good quality works. High subscribers’ rate or high sale conversions. This is another good investment.
At the end of the month, you do up your sums and if you are running in the blues (profit-making), you can continue to the next month or if you feel that you can have higher profits, you can look into each different area and do some tweaking. Remember not to exchange quality for rates!









Recent Comments