Want to know the difference between a successful entrepreneur... and an entrepreneur who wants to be successful?
It's really very simple...
An entrepreneur acts. An entrepreneur who wants to be successful thinks of acting.
But successful entrepreneurs don't just act. They act at the right speed.
My AdSense book was designed to help people move from online newbie to profitable publisher with a stable ad revenue stream as quickly as possible. When you're looking to earn money, you want to reach that destination as quickly as possible.
The sooner you pick up your first AdSense check, the sooner you'll realize just what a giant opportunity AdSense can be for anyone.
The same is true for optimizing your ads. The longer your Web page sit with ads in the wrong place or in the wrong formats, the more money you'll lose. You want to track different ads for about a week, keep good records and make the right decisions quickly.
But there's one thing you just can't rush -- and it's probably the most important part of any online business...
Relationships.
I've lost count of the number of people who have written to me asking for joint ventures. People I've never met, never heard of... and will probably never work with.
They might have great ideas, but if I don't know them, I'm going to be very reluctant to partner with them.
I'd much rather partner with people I've met at conferences and got to know over time.
You should always be looking for people to form joint ventures with. But when you do meet someone, don't rush into a partnership. Take the time to get to know them. Learn about their products and talk about yours. Let the partnership develop naturally from the relationship.
Try to move too quickly from two strangers to potential partners and you could find that you lose both a potential friend and a profitable deal.
There is a time to move fast... but there are also plenty of times to take it easy and let the deals come at their own pace -- and became permanent.
Great advice from a true entrepreneur! Lol, I agree man, for me...relationships are one of the most important keys to a successful business. I love to get to know people, beyond just "what product is yours" lol.
You know...I may ask what type of sammich you like! Really, I find that good relationships don't always mean jv partners. Sometimes I just like building relationships with like minded folks! It also helps to build up that type of relationship, then you can bounce ideas off of each other or get input, without being partners, or talking about joint ventures.
Napoleon Hill in "Think and Grow Rich" mentioned about the power of the creative mind being formed when two people focus on the same goal and share the like-mindedness. Steven Covey in "8th Habit" also mentioned about the fastest speed which is the speed of trust.
There is no shortcut for these two natural occurrences, relationship and trust. Just like plants, in order for it to bear good fruits and stay "organic" we have to allow nature its space so it can grow the right way. Same thing with partnership.
Joel, you hit the nail right on target! The first three sentences summarize the philosophy of successful entrepreneurship. Adding "relationship building" to the recipe makes the food wholesome and makes the entrepreneur successful.
Joe, that is some sound advice. There is a time to move fast, but rushing into joint ventures is not one of those times.
Isn't action the most powerful tool for a person? By taking action one can move the mountains. Even if it is something little that you do every day.
Inside the Blackpool within United Kingdom a certain electrician by profession has tried to unsuccessfully beat a breathalyzer device test by carefully placing a a copper coin into his mouth. This person was Martyn Shepherd of age 47 who was stopped immidately and caught while being intoxicated in his Vauxhall Combo van. Embarassed
DUI
Yes. As Joel says in part of his dot com story video set, find out what your strength and weaknesses are. Find someone who has a strength similar to what your weakness is but lacks in where your strong suit lies. You can develop a strong partnership as Joel did in forming his original online gaming site. Partnerships are strong as you each can bring a strong specialty to the table and combine as a strong force of well-rounded business. Great article.
I think people move a little too quickly in forming joint partnerships. All I can say is, make sure to read the fine print. You need someone dependable, trustworthy, and hardworking. Having good ideas typically isn't going to cut it, unless you don't mind doing all the leg work.