Continuing Education

The most successful Internet businesspeople know the value of continuing education. For many, the term “continuing education” brings to mind college classrooms and long bookstore lines. However, the wisest Internet entrepreneurs see education in their everyday lives. They learn from their mistakes, draw on the success of others, and rely heavily on those around them.

Learn, Don’t Blame

Unsuccessful people will blame everyone else for their lack of failure instead of taking a harder look at themselves and their own methodology. “Internet millionaires learn a lesson from the things that don’t work,” says Matt Bacak, a successful Internet entrepreneur who coaches others in business and marketing strategy. “They use that education to better their efforts.” If you want to be successful, you need to turn every loss into a win. Every mistake is an opportunity for education.

Attend Seminars

Business-oriented seminars are held often in nearly ever city in the country. Attending seminars gives you the latest, up-to-date information on what is working for others, what isn’t, and what trends are hottest. They also provide an excellent opportunity for networking with other entrepreneurs.

“I go to a lot of marketing seminars,” Bacak says. “I know that the key to my business is marketing and I know that I can never learn too much. My most valuable learning experiences have come from seminars. If a seminar only gives you one nugget of information, one viable idea, it can make you money. That’s worthwhile.”

Model Success Stories

Why reinvent the wheel? Thousands of successful businesspeople have come before you, and they have a wealth of knowledge to impart. “Internet millionaires model other Internet millionaires,” says Bacak. “They apply the approaches of those they admire to their own products.” Tried and true techniques already exist. The smartest entrepreneurs are those who aren’t closed off to the methods of others. By buying products or subscribing to newsletters published by businesspeople who already have a proven record of success, you can learn to adapt your own methods to model theirs.

Build a Team

“You can’t do this alone,” says Bacak. “You have to have faith in yourself, and you have to have drive. But you also have to have faith in others.” Bacak says that it is essential to build a solid team around yourself, consisting of peers, friends and family. “Getting rich is a team sport,” he explains. “I did not get to where I am today all by myself.”