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    Sunday
    Dec072008

    The First Rule: Invest in Yourself

    by Ian Pelham

    By far the most important rule in Internet Marketing, and one that you MUST remember, is that you should always "Invest in Yourself!"

    The chances are very good that you will have heard this saying repeated over and over again and yet you probably still don't have the first clue what this means. Let me explain.

    An internet business isn't a building. It isn't a place...not a real physical place. An internet business exists only in cyber space and in the heart and mind of the owner of that internet business.

    In short: YOU are your internet business. Plain and simple. You are all that your internet business really consists of.

    If you had a real world business you could make improvements to the building or to the landscaping and people would see that improvements had been made and be drawn in to see what kind of improvements had been made in the merchandise that was being offered.

    With an online business you can change the look of your website but to make any real impact on your internet business you need to make improvements to yourself. You need to invest in yourself. It's not easy but you can't improve your internet business unless you improve yourself first.

    How do you invest in yourself? It's simple. You educate yourself about new marketing methods, new technologies that could benefit your business, etc. In short, you need more knowledge. The more knowledge you gain, the more your business will grow in response.

    If you devote only one single hour a day to reading newsletters or articles that pertain to your business, it will add up to a lot of hours every month and you will be investing in yourself.

    You can take courses. You can participate in teleseminars and webinars that will increase your knowledge. All of these things are what is meant by 'Invest in Yourself' and that is rule #1 in the internet marketing game.

    'Abundance Thinking' is the step that follows Investing in Yourself.

    What is 'Abundance Thinking'? There are two ways to think about business. The first is to believe that there are only a set number of customers out there and that you need to steal customers from your competitors in order to survive. This is 'Limited Supply' thinking and it is a very damaging way of approaching your business.

    Limited Supply thinking may earn you a living, perhaps even a decent one, but it won't allow you to make the most money you possibly can. It's the complete opposite of Abundance Thinking.

    Abundance thinking is the belief that there is enough business to go around and that we can all make a good living by giving away referrals, ideas and assistance to help others...including to our competitors.

    Abundance thinking places the good of the team above the good of the individual in the belief that as the team prospers, so each individual prospers accordingly. This allows a team to be built with individuals bringing various specialist skills to the table whereby the customer has the best possible deal, the team wins the business and each individual earns more than they would have done had they tried to win over to customer on their own.

    Limited Supply thinking is characterized by holding on firmly to what is yours, and refusing to share anything with anyone. A great deal of decisions are made according to what your competitors are doing. It is a very defensive method of thinking and very rarely are the customers welfare taken into account.

    Abundance thinking is the exact opposite. It is proactive, customer focussed and thinks in terms of how things could be done better. This thinking builds relationships, makes more mature, healthy decisions and results in significantly less stress.

    Once you experience Abundance Thinking you will realize that there is plenty of business out there for everybody.

    The beautiful thing about abundance thinking is that it is contagious. The better you get at abundance thinking the more accepting of you your peers will become.

    Joint ventures won't be a problem to put together. There is more success in abundance thinking than there is in limited-supply thinking.

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