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What NOT to Do

No one said starting a business was easy, but some startup mistakes are avoidable if you know what to watch out for. These 12 common mistakes have bogged down many entrepreneurs — don’t let yourself join their ranks

1. Buying a job rather than a business.

Yes, you’ll have to be involved in the daily operations at the start, but remember that the ultimate goal is to grow your business into much more than just a job where you work hands-on every day. Work on the business, not just in the business.

2. Being a great plumber but having no idea how to run a business that sells plumbing.

Your former jobs are all an apprenticeship to running your own business. Be an apprentice in all areas, not just in the trade or profession of your business. Most important, be sure you’ve paid attention to all aspects of business in your past jobs, no matter what they were.

3. Taking on a business partner.

Most people give away equity upfront to a partner. Yes, there are examples of partnerships that work, but most don’t. Unless you’re absolutely sure about your partnership, hire people to help you out instead.

4. Starting a business from scratch rather than buying an existing operation.

Starting from scratch may seem cheap, but it’ll cost you the most expensive asset you have — time. Buy an undervalued company, and build it up, rather than start from scratch.

5. Thinking the business idea will make the company.

It’s the people who make a business successful, not the product, not the service and not the new invention. Focus on building a great company as much as you do a great product.

6. Thinking too small.

Many startup entrepreneurs want to generate a wage for themselves and nothing more. Instead, aim to build a profit, aim to build something large, and aim to build something great. If you shoot for the stars, you may fail, but at least you’ll make it to the moon.

7. Competing on price and price alone.

This is by far the fastest way to send yourself into bankruptcy. Business is about profit, and having a smaller revenue with a larger profit margin will always beat out winning tons of business but earning almost no profit. Learn marketing and sales so you can get out of the price wars.

8. Trying to cost-cut your way to success.

By saving a wage and doing the work yourself, you forget that nobody’s out there drumming up new business for you. Focus on bringing in the business, not saving a few pennies.

9. Hiring cheap employees.

You get what you pay for. Getting the right people is crucial, so don’t just hire anyone. Wait until you find the right someone.

10. Focusing on only one area of your business.

Business success involves three main areas: sales and marketing, finance and administration, and operations. You have to keep all three working and growing in unison, not just the area you’re good at.

11. Not testing or measuring anything.

Knowing your numbers is vital. In fact, you can’t manage what you don’t measure. Measure everything from day one, from how many new prospects you have to how many sales you make.

12. Doing the work once and getting paid once.

The key to success is to do the work once and establish a long-term, income-generating relationship. Learn to structure your clients, your business and your income that way, and you’ll build a great business.

If you are a blogger and need to income from your blog, you must read this.

1. Bloggerwave has no strict blog approval rules -even new blogs are accepted. All you need to do is open an account with Bloggerwave by filling up a short online form. Submit it and you’re already on your way on choosing different opportunities to write about. Once you’ve taken an opportunity, complete it and submit the permanent link of the sponsored post. Bloggers are paid through PayPal after 30 days. If you still don’t have a PayPal account, you can get one here.

2. Blogsvertise accepts blogs which are 30 days and older, preferably cached by google. Bloggers can not choose from different tasks available as the morderators and advertisers choose which blog to sponsor. It is important to check your email from time to time since it is where you will receive tasks and instructions on how to write about the reviews. You can also check your Task Management dashboard to check if you have pending tasks left. Payments are sent through Paypal after 30 days from the day you submitted your assignment.

3. BuyLinkPost is a bit new in the business. The higher the PageRank of your blog, the higher the offers will be. Just register your blog and you are on your way to earning. Check your emails everyday as all tasks are emailed to you with the instructions. You are given two days to finish each task. When your done, submit the post URL with your paypal address by emailing it to the admin. It takes about two to five days before you’ll know if your post’s approve or not. If the advertisers like your post, you’ll get paid for it at once – no waiting needed.

4. BuyBlogReviews, you have to register your blog(s) and wait for about 72 hours until you’ll know if your blog’s approved by the admin. Once approved, bloggers need to bid on opportunities by placing your offers. By the time advertisers accept your offer, you can start writing the post. Submit the post URL on your dashboard. BuyBlogReviews charge 30% from what you make. For example, if your offer’s $3, you will only receive 70% of it which is equivalent to $2.10. Payments are sent through PayPal every 1st and 15th of every month.

5. PayingPost is also new in the market and only accepts blog which are 90 days old and above. Again, fill out the form and submit it. Once your application’s approved, you can already access to the available opportunities. Once you have accepted an opportunity you are given 6 hours to finish the task. Once done, just submit the Post URL and the title of the sponsored post. Payments are sent through Paypal on the 1st day of every month. However, only bloggers who earned $25 and above from the previous month will be paid. Unpaid earnings which are below $25 will roll over to the next month. Payments are sent through PayPal.

6. PayPerPost is perhaps the most popular “get paid to blog” site. Only blogs which are 90 days old and are written in English are accepted. If your blog’s approved, you can access the “open opportunities” dashboard and reserved tasks yourself. Once you have reserved an opportunity, you are given 6 hours to finish the job. When the task’s done, submit the permanent URL and the title of the post. Payments are done 30 days after you have posted the post and are sent through your PayPal account.

7. Smorty is another way of getting paid through sponsored posts. Blogs which are 30 days or older are welcome. Once your blog’s approved, you have to check your email as you will be informed about new available opportunities through your the email you provided upon application. You have to log in at once to your Smorty “opportunities” dashboard as tasks are on a first come first serve basis. If the opportunity is still open, accept it and finish the job within 24 hours. Submit the post URL in your admin panel. You will h ave to wair for a few days to know whether your posts approved or not. Payments are sent through PayPal. (proof of payment)

8. SocialSpark is a sister company to PayPerPost which accepts blogs written in English and Spanish. Blogs should be at least 90 days old with a minimum of 20 pre-exisiting posts. By registering your blog, you have to verify your blog by claiming it in order to get into the system (you will be given rules on how to claim your blog). Once approved, you can get access to its “marketplace” dashboard. The opportunities may either be in a form of post, sponsorship, affiliate, CPC (cost per click) or spark. You can take an opportunity which you are interested to perform. Once you’ve reserved an opportunity, you have 12 hours to finish the post. Submit the post URL, title and the entire content on a provided page for submission. Bloggers can personally cash out their earnings anytime. However, you are only allowed to withdraw if your current balance is $20 or above. Payments are done through Paypal.

9. SponsoredReviews has the same idea as BuyBlogReviews where bloggers can bid on certain opportunities. Advertisers can make a counter-offer wher bloggers can either counter-offer or unaccept the offer. Once the blogger and the advertiser agree on a certain price, meaning, you as a blogger accepted the job, you are given 7 days to complete the task. SponsoredReviews will charge you 35% from your job. Meaning, if the opportuny costs $5, you will receive $3.25 which is 65% of the total agreed price. Bloggers are paid through PayPal. The earliest payment dates are posted on your “My Account” dashboard. Blogs must be at least 3 months old to be accepted.

I am really wondering if you already had configured how the radio stations, TV stations, newspapers and magazines earn money. I want you to be reminded about this or to let you know about this in order for you to understand how will your blog earn money.

1.Radio and TV stations earn money through advertisements and program sponsorship. Advertisers will buy airing slots, and those who want to sponsor a program will pay a particular sponsor package or will sponsor a particular contest or raffle prize.
2.The newspapers and magazines earn money in two ways: (1) Sales, and (2) Advertisement and Sponsorship.

Now, in blogging, you will earn money by combining the earning capabilities of Radio and TV Stations, and newspapers and magazines.
1.Advertisement. Earning money through the advertisement is the easiest way of making money by blogging. You display ads on your blogs and you’ll be paid by advertisers. You should also know that ads can be delivered into your blog in 2 ways: (1) Through the third party ad broker. These ad brokers will be the ones to find advertisers for your blog and will be the ones responsible on what ads will be displayed on your blog. You’ll be paid by them depending on your terms and conditions and maybe by CPM, CPC, or CPA. Examples of these ad brokers are Google Adsense, Text Link Ads, etc. (2) Direct Contact. There are advertisers who want to save money from the advertising charges caused by the third party ad broker. Usually, the advertising price of your blog is much higher when purchasing one from ad broker, but is much lower if you personally priced them. So, advertisers who want to get some discounts in advertising costs, tend to contact you personally.
2.Sponsorship. There are other advertisers who are actually willing to sponsor a post or a contest you organized. Most of these advertisers are using the PayPerPost, ReviewMe and other similar ad broker in looking for bloggers that they can sponsor with. For example: My post, “Best Web Hosts for Your Best Blogs” is sponsored by Freezone Internet.
3.Sales. And did you know that my 2nd biggest earner in my July 2007 making money scheme is my associate account of the YesAsia? Yes, and you can really earn money by selling products of YesAsia or Amazon or of any online stores. You will be paid by commission on the products sold in your associate or affiliate account.