How To Spot New Internet Business Opportunities Without Losing Your Focus

Anyone who has done business online will tell you, it can be overwhelming!
The rapid pace of change and the constant inflow of new information and new
business opportunities are both exciting, AND can also be very distracting!
If you have too many "irons in the fire" then you dilute the effectiveness
of your time and your marketing.

Many internet business beginners make this mistake and then wonder why they
are not making money. How do you keep up with what you're already doing AND
keep up with new trends without spending your entire life on the
computer??!! :-)

Another dilemma faced by internet business owners is how do you make use of
beneficial timing of new opportunities?

Have you ever seen the movie "Defending Your Life?" In his youth the hapless
hero, played by Albert Brooks, is introduced to an unexpected investment
opportunity with a new company. The young man is afraid and skeptical, and
he passes up this investment which turns out to be with Casio, which later
becomes a multi-million dollar company.

OUCH!!! None of us wants to be in that Unenviable position. Is it really
possible to catch the wave of new business ideas while you are building your
existing business? How do you choose where to focus your precious time and
attention? Here are three tips to help you

1. Choose Great Mentors

One of the most important things you can do early on in your online business
is to find and work with good mentors, people who can show you step by step
how to build an online business, how to spot new business opportunities, and
how to keep your expenses low and your profit margin, and your integrity
high.
Integrity is key here, because businesses that lack integrity eventually go
out of business. Businesses of integrity contain the basic ingredients that
create a long-term income.

Finding good mentors will help shorten your learning curve so you don't need
to "re-invent the wheel". Find mentors that you can trust, that share your
values, and that can help you to spot new business ideas and opportunities.
A good mentor can even help you to spot some of the emerging business trends
on the net!

This being said, remember that no matter how great your mentors are. no one
mentor can take the place of your own God given intuition, also known as
your inspiration and your "gut feeling" or instincts. That's why our #2
recommendation is:

2. Listen Within

No matter how awesome your mentors are, it is crucial that you always listen
to your intuition about whatever new business opportunity you are looking
at. Some folks call this "gut instincts" or "inner wisdom"... whatever you
call it, we all have it. I encourage you to listen to your instincts when
looking into any new business idea. Instinct and intuition are VERY smart
business partners.

- Does it excite you?
- Do I feel good about it?
- Do you feel good about the people involved?

I have found that my intuition has so far ALWAYS been beneficial to me and
to my business ... WHEN I listen to it!!
:-)

By the way, have you noticed that these first two tips that I just shared
are NOT fancy technologies? They both fall into the category of the tried
and the true:

Relationships!

A good relationship with yourself, relationships with mentors, relationships
with your colleagues, customers and business partners form the very core
foundation of your business!

3. Complimentary, Not Competing

On the internet opportunity abounds, in endlessly complex niches, all
combining with the emerging new technologies of social bookmarking and Web
2.0. It's exciting, and can also be overwhelming. You need a business that
will work, and that will provide you a solid long-term income, even in the
shifting sands of rapid change that constantly open up new business ideas.

How do you keep it all in perspective? The key is to choose a niche, focus
your content and information on that niche, and then add multiple income
streams gradually, always keeping the focus on your niche. Choose well
researched, complimentary ventures that enhance your main business niche.
Sometimes you can plug into opportunities with little or no extra work,
simply by adding a new affiliate program or service to your site.

Do not promote two competing products or companies that offer basically the
same service, and do not try to be all things to all people. Multiple
income streams can be smart business if done sanely, with discernment and
with your primary business niche as the focus!

The other way to keep your focus is to budget your time, spending 80% of
your business time focusing on income producing activities that bring new
cash flow into your business. Do your income producing activities early in
the day when you have the most energy. Leave the administrative tasks to
later in the day, after you've accomplished your daily goals.

By choosing great mentors, listening to your intuition, and focusing your
business tightly around a niche, even an inexperienced internet business
beginner can stay in touch with new business opportunities, and grow a
successful business that will grow and expand with the times!

About The Author: Tamara Esgoode is a regular contributor to
http://HomeBizWomen.com which offers free advertising for women starting a
business, and which features the latest information on new business
opportunities at http://www.homebizwomen.com/news