I’ve analyzed the entire year of 2009 for my Internet business and come up with 5 practical ideas which I think will help you create a profit-pulling Internet business plan for 2010 too…
1. Read less, write more
This year I’ve been reading almost daily, from emails, articles, blog posts and book chapters.
80% of my time was spent on reading, instead of writing.
2. Read less, do more
Since I was left with only 20% for actually taking action on my business tasks, my income has suffered massively.
Next year I’ll turn the concept upside down.
80% – take action
20% – reading/learning new stuff
3. Read less, listen more
You won’t believe how important is to listen to people, listen to what they share with you in the forums, on blogs, in the email.
Listening is more important than anything else…
4. Look-out for the big problems
Great products/services thrive because they’re built on solving people’s most pressing problems.
Next year I plan to release just a few PDF reports and trainings, mainly in the affiliate marketing arena, which helps serious people advance their Internet venture.
I’ll be focusing more on providing services though. I’m talking about custom blog install, email consulting and coaching, just to name a few.
5. Analyze your competitors
Regardless you’re just an affiliate marketer or product owner, you need to analyze your competitors. Watch what they do, how they do it, and more importantly WHY they’re doing it…
You’ll learn tremendous things just by analyzing your competitors, instead of doing what they’re saying…
What are your Internet business plans for 2010?
Post your comment and share your ideas with others.
P.S. I also plan to revamp CodrutTurcanu.com blog and focus on writing product reviews which help solve affiliate marketers’ most pressing problems, wants and needs.
24 responses so far ↓
1 Dave
// Dec 29, 2009 at 4:55 pm
Codrut
I think you’re right on track. I have a lot of the same feelings about spending to much time on learning and not enough time on doing.
That would be one of my main goals this year.
Dave the How To guy
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2 Puneet Singhal
// Dec 29, 2009 at 6:13 pm
Exactly. I think this is one of the reason why most of the newbies fail in the internet marketing because of the information overload. They just keep on reading about all these different methods of making money online and keep running after these shiny objects everyday that they just don’t get the time to follow any of these plans. I am also one of them but now I know what it takes to succeed online and I will make sure to spend my time in doing stuff that build a business instead of just reading and reading.
Thanks Codrut for this amazing post and reminding all of us again and again about taking actions.
Puneet
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3 AJ Farro
// Dec 29, 2009 at 6:48 pm
My problem is staying on task. While researching something, I get soooo sidetracked. I love knowledge so I have to investigate everything. Before I know it, I’ve gained a lot of information, but have put very little of it into action. And like you, I also need to spend more time writing.
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4 Jose
// Dec 29, 2009 at 7:01 pm
Couldn’t agree more…
Taking ACTION, and DOING what we already know that works..
is THE most important thing we can do in order to make a great positive impact on our income… It’s the only way to gain legitimate experience..
and to start seeing results to improve upon..
Thanks Codrut.
Cheers!
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5 Sandy
// Dec 29, 2009 at 7:09 pm
You’ve hit the nail on the head there Codrut. I know that I read a lot in the beginning when I first went online but you do need a certain amount of background knowledge before you can make a start. The danger of course is that many never make a start.
My plans are to get out of my comfort zone and try out one or two new ways of driving traffic to my sites until I have it down to a fine art.
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6 Captain Matt
// Dec 29, 2009 at 8:19 pm
I had an amazing personal connection to your post, Codrut – 2009 was my year for studying, reading, listening, etc. and I had already resolved to begin moving forward into “take action” steps.
For instance, you have encouraged me to start power-blog commenting and learning how to begin building business connections.
My blogsite continues to need some serious design attention – but it’s up and running! And I am “on the lookout” as you say, for the big problems people want to have solved.
Joining you in success is my Internet Business Plan for 2010!
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7 Arun Pal Singh
// Dec 29, 2009 at 8:20 pm
A person who is new to the field requires more reading and learning. Every person needs to balance between new learning and action.
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8 Glen Wayne
// Dec 29, 2009 at 11:08 pm
I think all of us fall into this trap where we believe we are moving forward but in reality we are spinning our wheels. This new year 2010 is a grand opportunity to check ourselves every day and to make sure that we really, truly are moving forward. I wish everyone great success!
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9 Emad Hassan kenona
// Dec 30, 2009 at 12:30 am
I have good experience about blog but still now i can’t gain any thing ,i hope the blog be my work
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10 Claudia Hagood
// Dec 30, 2009 at 11:37 am
I’m not sure how to draw traffic but I’m learning. And I must say I most diffidently spend more time reading than writing. I usually have some many email’s sometimes I don’t no where to start. But I starting to set some things in action, like on read all of my mail, Saturday do some writing, Sunday’s do comment something to that nature. There’s so much to learn being a newbie and before I knew it my site has been going no were. So its time to action. I do agree with everyone that has posted. Thanks
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11 Sparya
// Dec 30, 2009 at 3:41 pm
You are right Codrut to certain extent. Knowledge and actions both are two sides of the business. In this era of knowledge overload people become so much greedy to assimilate the knowledge that they lose the actual track, they were supposed to move on. This becomes painful to us. This is happening with every one of us to some degree.
If I devote my 50% time in action and rest 50% in reading, listening, analyzing the failures, that will surely lead me to the path of success. Wish you all a very happy new year 2010.
Friends your success is waiting you ahead in 2010.
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Codrut Turcanu / Blog for Profit
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December 30th, 2009 at 6:19 pm
#Sparya: I noticed that what I say is not necessarily true. Like for e.g. if I decide to devote 50% of my time reading, and 50% to taking action, I might notice that I’d spend just 30% time taking action and the rest doing useless stuff which is not helping my business progress… that’s why I make sure I stick with the 80% – 20% rule… at least, I’d get around 60% of action
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12 Edward S Bumgarner
// Dec 30, 2009 at 7:09 pm
My goal for 2010 is to get something going….Internet Marketing wise.
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13 Bill
// Dec 30, 2009 at 7:54 pm
A lot of people spend too much time making sure they will have everything in order before they get started. The only problem is that getting everything in order is impossible. If it takes you too much time to get things in order and you read a lot you will keep changing your plan.
I call this Analysis Paralysis
Great post and one I really need to take to heart.
Thanks Codrut!
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14 Asep
// Dec 30, 2009 at 10:21 pm
yeah you’re right Codrut! It’s happened to me, I spent my time on reading my email that offering me to make money online. I read whole my email from they call “guru”. I’m just learning and learning but only a little trying. I hope in 2010 I have finished create my own website that make me a succes internet marketer..
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15 David
// Dec 31, 2009 at 3:02 am
Codrut,
You have stolen my New Year’s resolutions!
I sat down today and immediately started looking at email. Then I quickly said NO and stopped. I knew the 3 most important things I needed to do today to make money online, so I started on #1. It is now 3 hours later. I have now finished #1 and #2. I am cheating even to look at your email at this point, but I am on a break for dinner. When I finish dinner, I am going to go straight to #3 instead of spending who knows how long reading 200+ emails before doing something that will make me money.
Too often we let those who send us email control how we spend our time. Unless we are waiting on for important information from someone, we should not be reading emails from anyone until we have completed at least the top 3 tasks we know we need to do today to move forward.
I also agree that most of us don’t need more information as much as we need to take action on the information we already. For 2010 let’s stick to the Pareto Principle. Most of us spend 80% of our time on things that are easy or fun or clerical and 20% of our time on what we need to do to make money online.
If we are using the Internet for fun, that’s fine. Nobody has enough time, whether they are on the Internet part-time or full-time. If we really want to make money, let’s shift that and spend 80% of our time on what makes money. Then we might have more money to spend on the fun stuff.
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16 Dominic
// Dec 31, 2009 at 5:36 pm
I’ve spent too much time reading and not committing to action this year, too. I often find myself analyzing too much due my perfectionism, so just as you have, Codrut, I’m making a new year resolution to committ to more action and less reading. I know this won’t change overnight, but I’ll take small steps.
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17 Henrik Blunck - Denmark
// Jan 2, 2010 at 4:15 am
Some very good tips, Codrut.
Happy New Year.
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18 caco
// Jan 4, 2010 at 12:23 am
what s with all these stupid cartoon faces are people hiding or hiding something ????
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Codrut Turcanu / Blog for Profit
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January 4th, 2010 at 12:32 am
#caco: ha, ha, ha… I enabled avatar images on the blog; if you’re using none, a random image will show…
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19 Sparya
// Jan 4, 2010 at 12:58 pm
Codrut,
I didn’t mean it that way. What I told is 1) Actions-50% of your time
2. Reading, listening analyzing the failures etc. – 50% remaining time.
Of course you are right that in the beginning almost most of us become the victim of information overload. I am sure this formula will 100% work if followed strictly. I get more than 100 emails daily. Now I read only 10% which I think most important rest go to junk.
The 80 – 20 formula is ok when a person acquires enough knowledge to carry on the activities.
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20 Anne
// Jan 16, 2010 at 7:25 pm
Hi Codrut,
Definitely more writing and less reading this year! Thanks to having you set up my blog for me, I know my writing will get the best results possible.
Thanks.
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21 Misty
// Jan 19, 2010 at 10:51 am
Blogging has always been a great method for businesses to get traffic to their websites and also for people to write about their personal lives. Thanks for sharing those great tips.
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22 Eleazar
// Jan 23, 2010 at 9:35 pm
I will focus on one site, give more time to write unique articles, get more traffic effectively with least time, earn more from passive income, and have more time for my family.
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