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According To The SBA 62.8% Of You Will Fail

January 5, 2009

That’s a REAL statistic from the Small Business Association… 62.8% of businesses will fail. I know that is a daunting statistic, but the folks at Stompernet have released a new video that reveals a formula to help businesses succeed that works on 93% of all businesses that try it.

Go check out the video by clicking here.

PS. Stay tuned to this blog for a special announcement on Wednesday, but for now go check out the video.

What Can A 300 Dollar Candle Teach You About Making Money Online In 2009?

January 1, 2009

Happy New Year to everyone. I want your 2009 to be the most successful year ever. Let me tell you a story about a 300 dollar candle that’s a little bit embarrassing, but will help you make more money in 2009.

A few years back my wife Jill told me how she wished that I would help the kids make more handmade gifts for her. So in my infinite wisdom I decided that it would be easy to make a candle with the kids and she would really like it. I remember my parents making candles when I was little and it looked really easy back then, how hard could it be? Well…

I went to the craft store (a store I never usually go near) and picked up a candle making kit that said it was “easy to use”. One night my wife went out somewhere and the kids and I started making the candle… Long story short, it wasn’t as easy as it looked on the packaging and um…

Apparently, hot candle wax shouldn’t be poured down the garbage disposal!

We did manage to make a candle, but after paying for a new garbage disposal it turned out the total cost of making the candle was around 300 dollars. My wife said that I didn’t have to make her any more crafts because it cost us too much money and next time I can just buy her a pre-made candle at the store.

I learned from that mistake and to this day have never poured candle wax down a garbage disposal again ūüôā

Have you learned from the mistakes you made in 2008?

Did you try things that didn’t work and keep doing them or did you move on to focus on the things that work?

I am not and never have been good at making crafts. If I had to make a living making candles (or any other craft) I would be a very poor man. However, I am good at making money, which I can then use to buy already made crafts. That works much better for me. How about you?

Are you trying to get traffic through social media marketing, but can only seem to get it through the Search Engines? If so, why not focus on what is working (SEO) and stop focusing on what it isn’t working (social marketing)?

Are you bad at writing content, but great at designing websites? Hire someone or partner with someone who can write content and focus on designing websites.

To make 2009 your most successful year running an online business you need to learn from the mistakes you made in 2008. So what mistakes did you make in 2008 that you won’t be making in 2009?

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