Okay it happens to all of us, even me. I’m an independent teen entrepreneur so my living depends on what
I do online, no backups no support no nothing, and I prefer it that way, it helps me handle my life better or you can say it’s good practice for what I might get in to later on in life with more serious decisions. Usually the problems most teen bloggers face these days is that they have to make a living for themselves which is not only sufficient for themselves but theres some left for future investments, school/college/studies, ‘life‘ and most of all
Never be to busy making a living that you forget to make a life.
Low budgets
Making and or promoting or even maintaining a site on a low budget is much easier then you would make it out to be, there were alot of times when I had less then 20$ to spend on promoting a site and sometimes it comes down to the choice of either promoting the site or maintaining it with more content Having a smaller budget to go about your daily work is hard and fun at the same time because it allows you to look for more resources that are cheaper and just as good as any other paid service/content available online, this is one of the reasons I have great contacts for just about anything that I need done, whether its
- content
- advertising
- programming
- links
- traffic
- sem services
- ..etc
When you’re on a low budget you’re never looking for the most expensive and high end services but something cheap and affordable so you can see alot more options then before, irnoically there are less expensive solutions and alot more cheaper ones, most services online are either free or cheap enough for anyone to afford them.
Losing money
Now if you lose money on a project of yours then it could be a pretty steep hill down, because as an entrepreneur I know that I set aside only the money that I need as a backup which is basically expenses for the next 7 months and the rest I basically dip into a project of mine which may or may not make money but I won’t know for sure which one until I try for myself, sure there are all sorts of reports and surveys out there that I could use to get some useful info on my investments but honestly no one knows a topic more then the author/webmaster putting in the hours to work.
Dealing with the loss and getting over the hump
Getting into a hole like that could be a huge shock for you if its your first time that is, to get through it you would need to re-do your whole game plan all over again and think about where you went wrong in the last few weeks and what you could do to avoid those mistakes and make the profit you were aiming for in the first place, I know all that sounds a bit overwhelming but it’s far more easier then it sounds like it’s basically just knowing what you did wrong and what your next step is for getting money in the next few weeks.
Most of all, never..ever regret any investment that you have made, whether they were successful or not doesn’t matter all that matters is the experience you recieved and the better decisions that you make right after.
July 8th, 2008 at 5:07 am
This post is so direct to the point and very true. entrepreneurs with a low budget work very hard. Often times I find myself on a low budget.