Passion Plus Profits

4 Essential Skills You Will Need to Buy the Right Online Business (Part 2)

When executed properly, buying an online business can be one of the smartest buying decisions you can ever make. It’s important to understand what you need to successfully acquire the right online business.

In my previous post (part 1), I described the first 2 skills that you will need to buy the right online business for yourself.

Let’s continue with the other 2 skills.

3⃣ Courage. What would you do if you had more courage? The process of purchasing an online business will require you to step out of your comfort zone. There will be challenges, risks, and uncertainty. Friends, family, and strangers will tell you all the reasons why buying an online business is risky. Ultimately, it will be up to you to decide whether or not you willl continue to take steps towards your objective.

4⃣ Common Sense. Buying an online business can be an emotional rollercoaster. You will need to balance courage with common sense. It can be so easy to get excited about a business as you think about the profits and the lifestyle it can bring you. On the flip side, the fear of the unknown can cloud your judgement and perception of reality. In both cases, you must not think irrationally and throw common sense out the window. You don’t need to rush any decisions, in fact, it may be best for you to slow down in order to make the right decisions with unemotional common sense.

To review, here are the 4 skills you will need to buy the right online business:
1⃣ Clarity
2⃣ Communication
3⃣ Courage
4⃣ Common Sense

Yes, buying the RIGHT business can positively impact your life, but don’t forget that buying the WRONG business can also put you in an unfavorable situation.

Practice and develop these 4 essential skills and you will be setting yourself up for success as you take action to buy your online business.

Let’s connect if you’re also preparing yourself to buy an online business! 👈

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4 Essential Skills You Will Need to Buy the Right Online Business (Part 1)

If your dream is to buy your own profitable online business, as the new owner, you will need to possess these 4 skills to buy the business that’s right for you.

1⃣ Clarity. You must know what you want and be able to describe it clearly. For example, can you answer these questions with clarity:
Which business type, industry or niche are you interested in?
What is your timeline to buy?
What is the purchase price range you are looking for?
Why do you want to buy an online business in the first place?
As the new owner, what will a typical day look like for you?

2⃣ Communication. In an increasingly virtual and global marketplace you must also be able to understand and deliver your message across different platforms such as text, email, telephone, and social media. Without face-to-face interaction, it’s easy to lose sight of the intended context.

Misunderstandings and miscommunications are a threat to all businesses, especially online. How effectively you communicate with the outside world will have a profound affect on your business.

In my next post (part 2) I’ll go beyond clarity and communication, to share the 2 other skills needed to buy the right business.

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Right Actions = Right Results

Results are the name of the game. It’s not enough to just be “busy”. Are your actions taking you closer to buying/building your profitable online business?

Take an honest look at your current results and you’ll receive immediate feedback on what your own thoughts, feelings, and actions have brought you. If you’re not satisfied with the results in any area of your life, that just means you’re lacking in taking the right actions.

Be aware that activity is not the same thing as accomplishment. Don’t delay taking the right actions by busying yourself with tasks that don’t bring you closer to the achievement of your desires.

When I was running my first DJ business, I quickly realized how significant the right actions affected my resulting profits. At first, I spent the majority of my time making sure my business cards and website looked great, and I ignored everything else. As a result, I had a great website and cards, but I wasn’t seeing a positive impact on my profits because I didn’t invest any time in contacting clients and driving traffic. As I learned how to grow my business, I realized that my actions were best spent calling and meeting with potential clients.

What are the right actions that you can take today to create the right results you desire?

If it is your desire to buy/build a profitable online business, then you must be deliberate with your actions. Aim to make measurable progress in reasonable time.

The primary reason I created this IG account is to connect and share my actions (successes and failures) with others as I am actively working to acquire my first profitable online business.

Be sure to connect with me to stay up-to-date with the actions I take and ideas I come across, which may positively influence your own personal results. 👈👈

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ALL THAT I AM & ALL THAT I EVER HOPE TO BE, I OWE TO MY MOTHER.

“All that I am and all that I ever hope to be, I owe to my mother.” ― Abraham Lincoln

I wanted to devote this post to all the mothers out there. Thank you so much for the love and support, no matter what!

Mothers undoubtedly have to deal with a lot, especially with us entrepreneurs and our crazy ideas!

On this journey of turning our passions into profits, let’s each take the time to give love and thanks for our mothers.

🌹🌹🌹🌹🌹🌹🌹🌹🌹🌹🌹🌹

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Pursue Your Passions

Out of all the different things you can be doing right now, make it a priority to pursue your passions.

Yes, we each have our responsibilities, obligations, and various other commitments, but let’s not lose focus of what’s important to us. It can be so easy to get caught up in our typical day-to-day routines.

Refuse to get stuck in a rut and switch it up!! If you already know what you’re passionate about then you’ve got it easy; just go out and start living your passions.

If you’re not quite sure what you’re passionate about yet (as I am), you can still get excited about uncovering and discovering your passions.

In case you’re still trying to figure out what your passions are, here are some actionable steps you can take right now:
1⃣ Meditate. Go find a quiet place where you won’t be disturbed and sit in silence for at least 20 minutes. Before you begin, ask yourself: “What am I passionate about?” You will receive some kind of answer, and it’s ok if that answer is “I don’t know.” Sometimes the answers will come to you during your meditation. Other times the meditation simply unblocks something from your mind and the idea will come to you at another time.

2⃣ What did you love doing as a child? Children express their passions with no restraints. Think back to your childhood. What did you enjoy doing and what sparked your imagination?

3⃣ Ask your friends and family what they think you’re passionate about. We often have “blind spots” that can prevent us from seeing the obvious about ourselves. Getting a different perspective from those who know us well can give us insights to characteristics we already possess, but overlook because they are so natural to us.

4⃣ Brainstorm. Simply put pen to paper and start writing down anything that comes to mind. The idea here is to pour your thoughts out onto paper and then evaluate them later.

5⃣ Do something for the first time. Trying something new and different has the potential to spark passion, or at the very least, clarify what you’re not passionate about.

Your passion is waiting to be unleashed. Master your passions and the profits (as well as anything else you desire) will surely follow.