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In this short 3 minute video, he debunks the wrong mindset to building a business online. This teaching alone simplifies the complex—saving years of wasted effort for countless internet businesses around the world. He succeeded by proving that success principles in action work.

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Building a business online is not new anymore. If you are in business it is necessary. It is also a great opportunity if you want to accumulate wealth by: leveraging your time, scaling your revenue to a global market, and generally enjoying location freedom too.

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What if properly using a platform such as the internet could cut costs dramatically, increase revenue like never before and reduce the amount of long-term time input on your behalf? What would that mean for your life? It never hurts to drive this key point home—the internet itself is not a business. We see this too often. It is like saying that walking into a shopping mall means you are in business.

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The internet is a platform that allows you to run different how to make money shortening links of businesses. Just like a shopping centres facilitate different operations for a variety of businesses. The internet is a platform with huge potential that facilitates businesses of all natures. At Wealth Mentors, we have seen how significant it is to get this sort of right mindset when it comes to building a business online.

If you choose to learn the business of doing business online, you are not only learning about the internet as a platform, and how it operates and evolves over time—you are learning business.

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It is understanding that a business thrives on the following 5 key principles … 1 — Identifying and Understanding a Need People Have in the Market. What do people actually want? A business exists to add value in some shape or form.

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And the best make money on the Internet let them talk to do that, is to meet an existing need they have. With the amount of choice that consumers have in the make money on the Internet let them talk these days, it is important to do your market research.

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And what specifically about productivity do they want? Is it to get to work faster? Optimize the loading time of their computer? You have to understand the niche.

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And more importantly what solutions are already being offered in the market? But the point is—knowing which avenue to use is a direct result of understanding where your customers are looking to meet their needs.

And if you did your research in steps 1 and 2—this will become clear. Not at all! It is hard to continue to sail a sinking ship! Therefore it is important to know that more money is coming in than going out.

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Or more money is going to come in than go out. This means making sure you understand what your profit targets are in business, and what you can afford to spend on marketing in order to generate sales.

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This step is amazingly profound. And involves a few other steps such as: Understanding the fixed cost of your business. Understanding variable costs. Setting budgets and profit targets.

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Setting break-even targets. This is something many people in business often forget. Whether you are learning online business or not—the basics of business still apply! So take the time to learn and apply them. For example, if on average, every client you maintain a relationship with buys with you 4 times a year for 10 years—that client has a potentially large lifetime value.

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By using email lists or a newsletter, you can continue to communicate, interact and sell solutions to your customers.