A successful entrepreneur shares her thoughts on business success and failure.

Posts published in the Business category:

Creating A New Product

Creating a new product.
Creating a new product by interviewing others
and selling it online.
Back in July, I wrote 20 Scam-Free Ways to Make Money Online, which has since become my most popular post. It is an honest look at various ways that you can make money online, from quick ways to make a few extra bucks to entire businesses that can be started from your home.

Instead of posting affiliate links and hoping to gain a few dollars, I instead asked you for your feedback. And feedback poured in — from the 48 comments on the post, to email after email and Tweet after Tweet.

I wanted to know which of the 20 ways you wanted to hear more about. You told me.

Now, you get to find out why I asked! (more…)

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Internet Fax Review: How to Save Hundreds of Dollars on Your Fax Service

Internet fax review
Internet fax review (VIDEO) — how can you
save hundreds of dollars on your fax service?
You’re probably in one of three places when it comes to faxing:

  1. You’re stuck using an old-school fax machine to communicate with others via fax. If you’re in this category, watching the video below and taking action will save you hundreds of dollars per year. Definitely watch it!
  2. You’re using an online fax service (or Vonage). Watching the video below will help you use your online fax service more effectively and may save you money at the same time–especially if you’re paying more than $10/month. Also, Vonage is terrible for faxes; I have a better solution. Watch the video.
  3. You never fax anything or receive faxes and never plan to. Unless you’re just curious, skip this video–I’ll have a different blog post later this week that you won’t want to miss!

(more…)

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To Free or Not to Free?

Free or not free?
Should you offer your next product for free?
So, you have spent time developing a product (or you are currently in the process of creating one.) One of the major questions you will have is: How do you price your product? Should you price it low, go for the high end…or should you offer it for free?

There are good arguments on both sides of the debate about whether to offer your next product for free; here, I will walk you through them. By the time you finish reading this post, you should easily be able to decide whether your next product should be a free one. (more…)

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Why Entrepreneurs Fail (Will You Avoid These Three Traps?)

Why entrepreneurs fail.
Why entrepreneurs fail.
So…you have an idea, and you’re confident that you can turn your idea into a huge business — or at least a business that would allow you to quit your day job!

Fast-forward 5 years; there’s a 98% chance your idea will have gone nowhere, and you will still be working at your job and struggling to make ends meet. What’s the difference, then, between the 98% who fail and the 2% who succeed? (more…)

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I'm Erica Douglass.
After selling my online business at age 26 for over $1 million, I created this blog to help you grow your own business quickly.

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