12 Questions To Ask Yourself Before You Start an Online Business?

I’m just going to jump right in and start asking YOU a few question that I had wished someone would have asked me when I first started my internet journey… so here I go…
To start your online journey, you should think about  these few but important questions and ask yourself  if this really is what you’ve been looking for…

Question“Why do I want to start your own Internet Marketing Business?”
Before deciding to start a business, think about the qualities you possess, what makes you tick, and how that might help you be a more successful business owner.

Question“What interests, talents, skills and strengths do you have?”
Inventory the abilities you already possess. Then think about all the ways you can use them to grow an online business, and also what about working with partners that might lack your abilities.

Question“What are your strengths and weaknesses?”
The ability to recognize your own strengths and weaknesses is invaluable for a business owner, especially an online business. Recognizing what you’re good at and what you’re not will help you decide how to use your time and when to outsource to the experts or outside professionals for help.

Question“What skills do you need to learn or brush up on?”
Recognize which skills you need to learn and develop in order to run your business effectively. Identify the ones that are worth investing time into, and which ones you might be better off finding outside sources to perform those tasks.

Question“Do you enjoy challenges?”
This is, I think, is the number one “big one”. Businesses provide constant challenges. If you enjoy a good challenge, it will energize you. However, If you don’t, you may end up feeling as though you’re engaged in a constant uphill battle. If your always feeling this way, you’ll lose interest fast. You need to have some smooth sailing at some point.

Question“Will you be doing work that is meaningful, interesting and excites me?”
When you’re engaged in doing something rewarding, it helps to motivate you to keep going even when things get tough. Start by getting back in touch with your values. See if there is a synergy between them and the things you will be doing with your business. If not, see how you can spin those things so that there is excitement.

Question“Do you really have a money-making idea?”
Not all great ideas make money. A good business idea addresses a problem, need or pain that a particular group of people or companies face. The problem must be significant enough to warrant spending money to solve or to alleviate the problem. Before bringing a new product or service to market, test your ideas and make sure they’re profitable.

Question“Who are your ideal target customers?”
Every business needs customers. Successful businesses know exactly how to find and describe who their best customers are. What “pain” are they feeling and what is their need, want, or desire and are they willing to pay for a solution?

Question“Who is your competition?”
Learn everything you can about the others in your niche, i.e. field, who provide similar products or services to your same potential ideal customer – look for direct and indirect competition.

Question“What do you offer that your competition doesn’t?”
What makes your services or product unique above your competitors? This would be your USP (Unique Selling Proposition). This is what you’ll use to set you apart from your competitors to your prospective customers. Why should your customer make you their go to guy… Marketer of Choice?

Question“Have you established some business goals?”
Setting goals is an important part of any business. But setting a goal is only part of the picture. Achieving goals is even more important. Learn how to identify which goals are important enough to commit to, and systematically work towards them by breaking them down into small steps, establishing timelines, identifying resources needed, and benchmarks for success. You’ve probably heard the old expression… “if you have no plan, you become part of somebody else’s plan”.

Question“Are you a self-starter?”
When you have your own business, there’s no boss or manager to tell you what to do and when to do it. To get your business off and running you’ll have to motivate yourself to get things moving… this is the second biggest problem of being self-employeed. So, are you a self starter?

In my next post we’ll be taking a look at HOW you should be thinking as a successful marketer! See you in the next post!