For anyone who ever tried to make money online, especially beginners and newbies, the internet business actually requires the right mindset, continuous learning, along with the willingness to pick up new skills and knowledge, and a strong determination to succeed.
Such a journey to setup your own successful internet marketing business would take years to build provided you are serious in the first place. Over the years, I’ve found that having the right mindset is so crucial that it’s likely the most important factor that will make or break your success.
In this article, I’ve identified the six types of mindsets which I personally found to be the most important for you when you start your first internet business online:
Mindset #1: Willingness To Build A Business That Will Last For A Long Term
The first most important mindset is the need to build a business that can last for a long time.
Most people just starting out in Internet business want to make money fast, and that pushes them in a particular direction. “People just starting out tend to focus on “money-makers,” not on growing a long-term business.”
That’s why affiliate marketing seems so appealing and you may hear many will say, “Affiliate marketing is one of the fastest, easiest ways to make money online. Best of all, you don’t even need your own product!” That’s absolutely true. But affiliate marketing does not give your own product, your own brand and your own business that you can control pretty much 100%.
It’s much smarter to start by focusing on growing your own business and brand, and use affiliate marketing as part of your overall strategy to make money while you do that.
Mindset #2: Willingness To Invest For New Knowledge & Skills
The second most important mindset is to understand the need to invest for knowledge and skill.
Many of us would rather spend a few hundred dollars eating at a good restaurant but they would not spend a dime to acquire new knowledge and skills. If you’ve such a mindset, you’ll never progress much and you’ll forever remain there.
I am a firm believer in learning and I always remember one of the great internet marketers who said, “Never, Never, Never, be afraid to spend money to acquire knowledge.” It’s true and people who are very afraid to spend will always tend to face more difficulties in achieving the success they want.
There are three things you need to understand:
Firstly, you must know the difference between investing in a program to make money and investing to buy something in order to learn a new skill or acquire a new set of knowledge to make money.
Secondly, you have to know what set of skills and knowledge you’ll need to be successful. If you want to be a professional graphics designer, then you must be willing to spend some amount of money to acquire that skill like buying graphic software, books related to creating graphics or even attend some basic courses on graphics design.
Thirdly, you’ll need to invest in some basic tools to do your job. Just like a carpenter who needs his hammer and saw, you’ll need your internet basic tools.
Mindset #3: Willingness To Cultivate The Ability To Focus
The third mindset is to improve your ability to focus.
When I first started out on the Internet, it was really hard to focus because every program I stumbled across seemed to be so promising. I subscribed to many of them until I lost my focus of what I was supposed to do.
Eventually, I learn to sharpen my ability to focus. How did I accomplish that? Simple, I focus only on ONE system or model. And even with just that, there are a lot of things you’ll need to do. The trick is that if you can be successful with one, then you can easily duplicate and create multiple income streams by just expanding and duplicating.
You cannot focus if you try to do or learn everything all at once. In the end, you’ll accomplish nothing. So, if you want to focus, remember the power of “JUST ONE”.
Mindset #4: Willingness To Take Consistent Actions Everyday
The fourth mindset is to take action every day.
I always like to quote the famous philosopher, Lao Tzu, “By taking small steps, it’s easier than solving them. By small actions, great things are accomplished.”
Don’t try to finish everything all at once. Successful people take consistent actions but before you do that, you’ll need to plan out what you need to do to move closer to your goals. Taking lots of action do not necessarily mean you’re heading in the right direction.
You should not underestimate the power of taking small actions everyday. This requires a great commitment because taking small little steps will produce a better quality as compared to one giant step. And taking little steps allow you to make minor corrections if something goes wrong rather than having to start from scratch if everything goes wrong.
Mindset #5: Willingness To Accept Failure
The fifth mindset is a difficult process – to accept the pain of failure.
All of us will fail at one point or another. But the people who take more action will fail a lot more, and those that fail a lot more will almost definitely experience a lot more success.
A famous blogger, Yaro Starak, reflected his past 10 successful years by saying,”If I didn’t suffer the pain, I wouldn’t have gone looking for answers to certain questions either – you need the ying in order to see the contrast and thus fully experience the yang.”
So, the question is how badly will you allow the pain to affect you until you come to a point where you’ll say to yourself, “Yes, that’s it! I’m willing to do WHATEVER IT TAKES to remove this pain (I call this short term pain) by making changes to experience something much better in life!” No pain, no gain.
So, if you want to succeed, you must be willing to accept failure and stop giving excuses, laying blame or giving up.
Mindset #6: Willingness To Accept Patience Leads To Success
The last mindset is to be patient and allow success to come with the passage of time.
Many of us want to get rich quick. We want to the ‘simplest’, ‘easiest’ and ‘fastest’ system that will be able to generate cash for us in the ‘quickest’ possible manner.
The words in quotes are dangerous and they may affect our focus and objectives we initially set out to do. Remember, you want to do the right things to build a business that will last for a long term. However, if you allow your mindset to surround with such words, you’ll tend to take shortcuts and even desperate measures but never be able to fully absorb the right knowledge and master the necessary skills to enable you to last forever.
Why do we need to be patient? Simply because we are not born to know everything. When we are new to something, we have limited knowledge and we need the time to pick up the necessary knowledge. And you can only do that when you give yourself time to learn.
I’ve learned to accept that it takes time to be successful. Success comes with time and effort. You cannot accomplish one without the other.
If you do nothing and see success overnight, that’s like winning a lottery ticket; If you do a little, and you experience great success, that would be luck and perhaps short-term only; If you’ve done a great job which you’re supposed to do, that would be long-term success which could be a life changing experience.