If you are a home based
business owner probably the largest obstacle you
must overcome is finding motivation. You work at
home and need to get online to work on your website,
marketing, research, etc. But there are many other
things going on that vie for your time. What do you
do to ensure you are devoting adequate time to your
home based business?
My main tool for motivation in my home based
business is goal setting. This takes some planning,
but if you spend a little time you can develop
challenging, yet attainable goals. Why set goals?
Goal setting allows you to determine where you want
to go with your business. Setting targets gives you
a basis for creating a defined plan and to identify
those activities that are non-value added.
Goal setting is an activity used by successful
business people, top level athletes, students and
high achievers in all walks of life. Setting a goal
and then reaching that goal gives a great sense of
satisfaction and accomplishment.
There are several types of goals. You first
establish your long term goals. These could be set
for three to five years out. Profitability, net
annual income, increase in business volume, ROI,
size of customer base could all be used for long
term goals.
Next is the creation of medium term goals related
to the long term goals. These would be in the one to
three year range. This is followed by short term
goals that you want to achieve in the next several
months. Finally, you develop an action plan that
will lead to meeting the short, medium and long term
goals.
The lifeblood of an online home based business is
visitors to your website. So one of the goals should
relate to how many visitors you are getting.
Granted, there are ways to generate thousands of
hits, so the goal must reflect "targeted" visitors.
If you are new to online marketing you can set a
smaller target. Set goals for one month, three
months and one year. When you have met your 1 month
target reevaluate the longer term goals and adjust
them if necessary. Just be sure to validate or
revise your action plan to keep moving toward the
next target.
If you are not meeting your goals review the
steps you are taking. Look for new and creative ways
to market your home based business web page. Don't
limit yourself to online marketing. Business cards,
newspaper ads, flyers, etc. are all great options.
If your home based business offers a product the
goal could be obtaining a certain number of orders
per week or per day. It could be sales or unit
volumes. If you are an affiliate marketer your goal
could be recruiting a certain number of affiliates
per day or increase in your downline.
Once you have generated an adequate quantity of
data, i.e., unique visitors per day and units of
product sold, you can determine how much you sell
per unique visitor. A new goal could be to increase
the sales per visitor.
Make sure your goals have a time aspect, such as
500 visitors daily by the end of the next three
months.
Setting achievable goals and then attaining them
is a great motivator for a home based business
owner. Once you get in the habit of setting and
reaching goals your enthusiasm for your home based
business will grow and your success will be assured.