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The 4 Common Mindsets Of a Losing Entrepreneur

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Business Man fail mindset

I get it. You’re new to business, just started your own company, and your day-to-day feeling is a mixture of reckless excitement with every sale and nauseous anxiety with every missed opportunity. Your brain’s racing and you voice your concerns to anyone who will listen. As a marketing consultant with more than a half decade of experience, I’m here to tell you that while your current beliefs are valid, they’re absolutely unnecessary to succeed in business.

For the past few months, I’ve been coaching new entrepreneurs on how to start their own businesses. With every question asked and every excuse lodged I’ve begun to see patterns.

Today, I’d like to list the four most common novice mindsets of the newbie businessperson and the alternative beliefs of success that will help you achieve your goals.

 

1. “I Pitched One Customer And He Didn’t Like My Product”

This is the doom-and-gloom newbie entrepreneur. If one customer call or one product launch doesn’t go well, all of a sudden “the entire business is on the chopping block, it’s in the wrong niche, woe is me”.

This novice businessman is obsessed with making assumptions about everything. This thinking is absolutely wrong. You don’t make assumptions about your niche, your product, or anything in your business until talking to a substantial amount of people. Without a large amount of data, you’re essentially throwing a dart at a wall with your eyes closed and saying you’re a terrible player at darts.

The advanced business owner takes each conversation as a small learning lesson to improve gradually. He or she sees it as an opportunity to refine their work after hearing some feedback, to better improve the screening capabilities of the company, and to gather proper data. The advanced entrepreneur doesn’t assume; the advanced entrepreneur learns from experience.

 

2. “I’ve Got My First/Fifth/Tenth Sale! Time For Vacation!”

A novice entrepreneur gets one, two, or even ten sales and thinks it’s a massive cause for celebration. Newbies find a few sales to be a sign that all goals for the company have been accomplished.

Someone who is successful in business and has been there before gets ten sales and thinks, “Oh! Maybe this is the real deal… a winning offer. I’m going to replicate this a million times over now”.

Advanced businesspeople know how rare it is to stumble upon a winning offer. It’s not an everyday occurrence and should be treated with respect.

Imagine how long it took you to get to the point of those first few sales. That’s just the beginning of your business. Amassing a truly thriving business takes a much longer time than a few closes so you can afford to go to the beach for a weekend.

Don’t set your goals so low. Ten sales is a good start, but there’s much more to come. When I got my first ten sales, all I thought was, “Okay, I’m on to something, I’ve got to replicate this a million times”. If I find something that works, I’ll have to replicate it and improve it for many years, not just months. That is the advanced mindset. And I’m committed to it.

Implement the following if you already have a business: take that part of your business which is already a winning offer and multiply it. Just spend a week, a month, or a year multiplying it. Later on, if you decide to automate parts of it, that’s fine, but for now, just start multiplying it. Do the work, multiply the results.

 

3. “My Clients Are Horrible”

There are many variants of this (“They flake”, “They’re lazy”, “They’re stupid”). What it comes down to is the novice entrepreneur is more focused on the problem in their head than the actual solution in the real world.

An advanced entrepreneur thinks, “Ouch! Someone flaked on me. How do I improve my sales funnel so fewer clients disappear so quickly?” The experienced businessperson also consults peers, Googles industry literature on the topic, and plans methods to improve for the future.

If your clients don’t have the proper mindset to succeed, teach them the correct one. It’s perfectly acceptable to elicit new behaviors and thought patterns from the people paying you to help them improve. It’s a common practice in businesses of all kinds. Even if you’re just delivering a product (instead a service), you can release it in an educational manner and gear it towards the ideal mindsets you want your customers to have.

 

4. “It’s Working For Someone Else, But Not Me”

This could also be called the “They’re Special But I’m Not” excuse. This is a very novice belief in business. Look, anything anyone else does, you can replicate and (usually) do it better. Especially if you’re more committed. You’ll have more leverage as a beginning entrepreneur; often the most successful people in business are complacent. They just want to keep their piece of the pie.

Therein lies your opportunity to hustle that much harder. An experienced businessperson looks at a competitor and thinks, “Well, they really must be working hard, I’m glad to see someone succeeding with this niche. Let’s see if I can do it as well, deliver better service, and improve the world even more”.

You can see many examples of this. Most businesses start from scratch in an established niche. They usually just look at companies similar to them and aim to do it slightly better. Think of the difference between a Mac and a PC, a PC and regular cell phone, and a regular cell phone and an iPhone. Similar but better.

You can do anything that anyone else can do in business, but if you hold onto the wrong ideas, you’ll only make the road that much longer for yourself.

Learn from your mistakes, keep a cool head, and stay on solid ground as you climb up this mountain. No one is cut from a different cloth, and if you’re willing to change yourself, you must just change the world as well.

 

Deny mistakes learn from them

 

 

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How to Choose the Best Affiliate Programs for Your Blog

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers

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how to choose the best affiliate programs for your blog

Picking the right affiliate programs for your blog is really important. It can make a big difference in how much money you can make and how much your readers get out of your blog. With so many choices out there, deciding which ones to go with can be tricky. 

This guide is here to make it easier for you. It will give you clear steps and helpful tips to choose affiliate programs that fit well with what your blog is about, what your readers like, and what you stand for. 

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Understanding Affiliate Marketing

Before you start picking affiliate programs, it’s important to really understand what affiliate marketing is and how it works. 

Basically, affiliate marketing is when you promote a product or service on your blog, and then you get paid a little bit every time someone buys something or does something because you recommended it. 

It’s great for both the person selling the product and the blogger, because the seller gets more sales with low risk, and the blogger can make money from their blog.

How to Choose the Right Affiliate Programs for Your Blog

1. Assess Your Niche and Audience

The key to doing well in affiliate marketing starts with really knowing what your blog is about and who reads it. Consider the following:

  • Your blog’s content: What topics do you cover? Ensure the products or services you promote are relevant.
  • Your audience’s interests and needs: What solutions are they seeking? Choose affiliate programs that offer products or services that solve their problems or enhance their lives.

2. Research Potential Affiliate Programs

Once you know what your blog is about and what your readers want, start looking for affiliate programs. Choose ones that are well-known for good products, great customer service, and helpful support for affiliates. Resources to find these programs include:

  • Affiliate networks like ShareASale, Commission Junction, and ClickBank.
  • Direct searches for “[Your Niche] affiliate programs” in search engines.
  • Recommendations from other bloggers in your niche.

3. Evaluate the Commission Structure

The commission structure is a critical factor to consider. Look for programs that offer competitive rates that make your efforts worthwhile. Consider:

  • The percentage of commission per sale.
  • Whether the program offers a flat rate per action (e.g., per sign-up).
  • The cookie duration, which affects how long after a click you can earn commissions on sales.

4. Consider the Program’s Reputation and Sureness

Join affiliate programs with a solid reputation for quality and sureness. This not only ensures that you’re promoting good products but also that you’ll be paid on time. You can:

  • Read reviews from other affiliates.
  • Check the program’s history and background.
  • Look for any complaints or issues reported online.

5. Analyze the Support and Resources Offered

A good affiliate program gives you things like ads to use, training on their products, and helpful managers. Having access to these resources can really help you do a better job at promoting their products.

6. Understand the Terms and Conditions

Before signing up, thoroughly review the program’s terms and conditions. Pay close attention to:

  • Payment thresholds and methods.
  • Any restrictions on how you can promote their products.
  • The program’s policy on affiliate marketing on social media platforms.

7. Test the Product or Service

If possible, test the product or service before promoting it. This firsthand experience allows you to offer genuine charge and build trust with your audience.

8. Look for Recurring Commission Opportunities

Some affiliate programs pay you again and again for subscriptions or services that charge fees regularly. These can provide a more stable income compared to one-time sales commissions.

Implementing Your Choice

After choosing the best affiliate programs, the next step is to smoothly include your affiliate marketing in your content plan. This includes:

  • Creating valuable content that naturally incorporates affiliate links.
  • Disclosing your affiliate affairs transparently to maintain trust with your audience.
  • Tracking your results to understand what works best for your audience and adjusting your strategy accordingly.

Picking the best affiliate programs for your blog involves careful planning, research, and making sure they match what your audience likes and needs. 

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers. 

The real key to doing well with affiliate marketing isn’t just about the products you talk about, but also how much your audience trusts and values your advice. 

With enough time, patience, and hard work, your blog can grow into a successful space that earns a good amount of affiliate money and helps your readers choose the right products.

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