Tuesday, July 10, 2012

Goal Setting - Specific Methods To Increase Your Online Business Success

Goal setting should be a part of every business owner's activities, without fail. Unfortunately, most people don't do it, or don't do it correctly. Could this by why many businesses never see success? It sure does play a part.

One thing I've learned in business and in life, is that goals are essential for accomplishing anything. Written goals, that is. Goals you can see and touch on a piece of paper. Goals that can be seen regularly. It's a well known fact that most successful people use goal setting as a means to their success. Why aren't you doing it?

Goal setting is often placed on the back burner in favor of more pressing tasks - that email, that new webpage, etc. However, this is the wrong approach. Thinking you don't have time for goal setting is just a recipe for failure. Look at it like this...if you don't take a few hours now to set your goals, your business will suffer later and you probably won't see the results for which you're looking.

It's important here to think BIG and BELIEVE. Reading some influential books on the subject is a GREAT start. In my opinion, the following 4 books that are a MUST READ:

The Magic Of Thinking Big by David J. Schwartz
The Magic Of Believing by Claude M. Bristol
Think And Grow Rich by Napoleon Hill
The Secret by Rhonda Byrne


I've read all of these and they were a great influence in my motivation. Even if you don't accomplish your goals right away, they will make you a happier and more fulfilled person.

How do you make time and set goals? Here is my approach.

First, goal setting should be fun. It's always fun to daydream about what you want, visualizing what you want as being true now.

Start with the big picture and work your way down to the smallest tasks needed. When I say big picture, I'm talking years down the road. Let's start with a 5 year goal. Where do you want your business to be in 5 years? How much income will you be making, gross, net? What kind of lifestyle will you have when you reach that goal? What reward will you give yourself when you reach that goal? A new car? A big vacation?

Next, break the bigger goals down into sections. If you want to be making $200K in five years, how many products would you have to sell at a certain price to reach that goal? How many affiliate programs will you belong to? How much, on average, will you be making from each? Etc. etc. Keep going with your thought process and be specific.

Now, let's break it down by year. If you want to make $200K in 5 years, and want a growth rate of 50% per year, what would be my 1st year income? 2nd year? Etc.

Now, let's break it down even further. In your first year, you now have a dollar figure. What do you need to accomplish to meet that goal? How many products? How many websites? How many employees? How many visitors to your websites? Etc.

Now that you have your first year goal, you can break this down into monthly goals. Next, go to month one, and set your week 1, week 2, week 3 and week 4 goals. What do I need to accomplish in these weeks.

Finally, you're ready for a "to-do" list. At the beginning of each week, or at the end of the previous one, write out your "to-do list and goals for that week. Estimate the time each task will take and set up your schedule for the week.

Now you have a plan!

You may be saying, "is all this detail necessary?" I'm saying, "ABSOLUTELY YES!" No one can get where they're going without a road map. You need this road map. Taking time to set up a detailed plan such as this will reap huge benefits. If it takes you 2 days or 2 weeks, just do it. You and your online business will be better for it.

Tony VM - The Website Warrior
Visit my website, The Website Warrior and find out more about these important books you should real now. http://www.thewebsitewarrior.com

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