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Characteristics of a Successful Entrepreneur – What it Takes to Succeed

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Successful Entrepreneur

Becoming a successful internet entrepreneur is not a simple thing to accomplish. There is no secret formula that you can follow in order to become successful; however, there are many characteristics that a lot of the successful entrepreneurs have in common. If you possess these traits and characteristics along with the proper knowledge and determination to succeed then you may well be on your way to being the next successful internet entrepreneur.

Drive & Determination

Having a strong internal drive and much determination to succeed is going to go a long way in helping you to succeed. You cannot expect instant results and starting out on this journey is going to be long and hard.

You will need to possess the drive to learn all of the knowledge that will help you to succeed as well as determination to never give up; even in the face of adversity. Many successful internet entrepreneurs have continued on when it seemed all hope was lost for a successful business.

As Walter Scott once said “Success or failure in business is caused more by the mental attitude even than by mental capacities.” This determination and drive to succeed is what keeps them pushing forward until they reach their goal of success!

Do not be Afraid to Experiment

If you want to succeed as an Internet entrepreneur you will need to be willing to think outside the box and experiment with new ideas and theories even if they are not the “norm”. You do not want to be too structured or rigid when it comes to designing your products or services which you are going to market.

You do not want to create something that has already been done; you should try to find a niche that is underdeveloped and market your internet business around these unmet needs. Being open to new ideas and thinking outside of the box will definitely increase your odds at success as in Internet entrepreneur.

  • Think Outside the Box
  • Try New Things
  • Branch out From the Pack
  • Experiment with New Products & Services

Simplicity is the Key

Have you ever heard the saying “keep it simple stupid!” well this is one philosophy that is carried by many internet entrepreneurs. The average consumer does not possess a large amount of computer skills or technical knowledge and therefore you should keep things as simple as possible in order to appeal to the average end user.

Many successful Internet entrepreneurs created a successful venture by following this golden rule. You cannot expect a technically complicated design to have much appeal on the open market; simplify your ideas as much as possible.

Just as there are songs on the piano for beginners which feature the use of piano chords for beginners; there are also techniques on the market for beginning internet entrepreneurs. You want to stick with some of these simple proven methods in order to help you to become successful. You should also stick to well-known tried and true marketing techniques until you become more comfortable branching out and trying new things.

Be Ambitious

One trait that almost all internet entrepreneurs possess is large amounts of ambition. You need to strive to achieve great things and never stop looking ahead to what your Internet business has the potential of becoming.

Do not allow yourself to be content with mediocre earnings; instead you should keep your eye on the prize and be ambitious enough to strive to achieve great things.

As Elvis Presley once said “Ambition is a dream with a V8 engine.” This says it all; you need achieve your goals if you use your ambition to make your dream a reality.

Take Advantage of Opportunity

As an internet entrepreneur you will need to perform countless hours of research in order to help you to determine what opportunities have yet to be explored. One good example of this was the launching of both MySpace and Facebook; both of these internet entrepreneurs used the opportunity to expand on social networking which was until then inferior to the needs and wants of the general population. Because of this opportunity they were able to achieve success and fortune! Figure out what opportunities are available for you to cash in on.

Image © Minerva Studio – Fotolia.com

About

James Martell is an Internet pioneer who discovered the lucrative world of affiliate marketing in 1999. He is a self-taught Internet entrepreneur and a leading expert in affiliate marketing training, outsourcing and natural search engine optimization. James is also the host of the "Affiliate Buzz", the first and longest running affiliate marketing podcast in the industry (since 2003). Google+ James Martell

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{ 14 Responses }

  1. Michael says:
    Kudos James. Drive and determination is the way to go when building a business and even in life. Despite the failure, we rise up again and go do it again. Of course we don't charge in again and again. We still review where we did wrong. If we can't figure it out ourselves, we need to be bold to ask for help. That's how we grow and until we start to make the 1st buck. Cheers...
  2. Peter Jones says:
    "I guess working outside your comfort zone is all that it takes." is a nice viewpoint but I think that calculated risks are a better strategy. Balancing the risk against the potential reward is important for every entrepreneur and to be able to do this you need to know the market. Don't just go on gut instinct, you might as well put money on a horse!
  3. Jas Chahal says:
    Please let me allow to add another valid point here. I am big fan of Ragina Dugan. She says "What would you attempt to do if you knew you could not Fail?? When you start to understand this question you start to realize how Fear To Failure constrains you." I guess working outside your comfort zone is all that it takes. Very nice read. Cheers Jas
  4. Sara says:
    I really like to read inspiring articles knowing that there is no magic formula.. Simplicity is one of the keys that are necessary to unlock the doors which are keeping you back. the devotion to your niche and hard work will bring great results I believe. Thank you for sharing!
  5. JamesW says:
    Great article, I like the "Be Ambitious" characteristic, and think that anyone who have enough ambitions can achieve great things . And Elvis was right: "Ambition is a dream with a V8 engine". thanks for sharing
  6. Divas Chitkara says:
    i think by following the above tips every business will be succesfull ....no matter what ....... good article
  7. sanjay says:
    In the design world, more websites are using minimalist approach. This is because keeping things simple is best for readers and usability.
    • Ivin says:
      Hey Sanjay. I thought that you need to have drive and determination, otherwise none of the other things are going to work for you. James, I liked your thoughts, and that you speak out of experience. That always makes a post so much more valuable. I have realized that experimenting costs a lot of money, but without it you will never find your place in the world, your personality, or your voice. It's only once you found your 'groove' - so to speak, that you become a success.
  8. Jack Sander says:
    Hi James, There are many aspects that have to be taken into account by an entrepreneur, but from my point of view, the perseverance is the most important. We have all met people with great ideas and imagination, but only 5% of them make their dreams a reality. Therefore, I look up to people that work hard to attain their goals and don't give up easily.
  9. Kimberly Gauthier says:
    I love "simplicity is the key." There's so much information out there and so many paths to take that I find that when I keep it simple, I can accomplish a lot more and I don't get off track. I apply this to everything with my business, even my site design. Thanks for this great list. Kimberly
  10. Ryan Biddulph says:
    Hi James, Simplicity and persistence, over, and over, and over. Awesome tips here. Simply follow a proven system patiently. No matter how many opt-ins you get. How many team members. If you follow the system you will succeed. Be patient. All failure is deviating from simple, being impatient with results, wanting to get rich quick. You need to work heavily on your mental tools. Many become inspired by a post like this, then want to quit 5 minutes later when they do not see any appreciable success. We are human. It's natural to go through different emotions. But working on your inner world helps you blast through resistance to move forward despite these negative emotions. Gotta do your mental homework, 1-2 hours daily, then awesome things can happen for you. Meditate. Visualize. Affirm. Daily. In time you can see phenomenal results if you are willing to clear out your inner world. Thanks for sharing James! Ryan
  11. Glori says:
    No matter how small your business is, I think all your tips apply. Being unique is also a good call.. although it can be a bit vague and how to go about it a little difficult.
  12. david says:
    Hi James, I like what you said about 'not being afraid to experiment'. I would say that is an absolute necessity. As a business owner you have to solve a lot of problems. One of the biggest being revenue. Perhaps there are things that other businesses have overlooked. In that case, it can really pay to experiment. It seems that each person's path to success is different. And it normally does not pay to follow in someone's footsteps.
  13. Adesoji Adegbulu says:
    I favorite simplicity. Success is simple... If you don't keep things simple, no one will find it easy to do business with you.