I’m going to start making random posts on the topic of motivation, success, and personal development because I think it’s important. Having the right mindset when you attempt to accomplish something will go a long way. This post will be on dealing with setbacks.

If you want to be successful with your internet business, you need to realize something, success isn’t easy. Here’s the best advice that I can give you on this subject. Once you find out the true price of success, meaning what it will take, you will have to be willing to accept it 100%. Once you do that, get to work.

You see, most people fail because they don’t fully grasp what it takes to be successful with an internet home business. So many people expect to be making tons of money within a few months. We’ve all been brainwashed by stupid ads claiming amazing success by some guy or girl with some sad story. Although some of those stories are true, you have to realize that thinking that is going to be your case is like trying to win the lottery. The sooner you accept the fact that success is going to take work, time, and having to deal with a lot of setbacks, the better the chance you have at becoming successful at building residual income online.

Recently, one of the founders of The Keyword Academy wrote a post on the forum responding to a member venting about the many setbacks they were facing with their online business. He gave a long response where he shared a couple of stories of how his friends saw a 6 figure deal fall through because of something Google did. He also shared a personal story of how his income was cut do to a setback. I won’t go into the details but let’s just say if any of us experienced the same thing, we’d be depressed for a long while. Losing the amount of monthly income he was making (more than most people make in a year) practically overnight is enough to make anyone want to quit.

Did he give up? He could have. I mean, who would blame him for wanting to? Know this. Any person who has achieve success could have came up with a valid excuse to quit during their journey but they didn’t. That is why they are successful. Get rid of your stories of why you can’t succeed or how the world is against you or how you grew up poor or how you have bad luck. We all have reasons why our life should turn out like crap.

The point is that setbacks will happen to everyone no matter how good you are at something. That’s just life. You either have to learn how to deal with it and keep moving on or do like most people and whine, bitch, and complain about it and hope someone will throw you a pity party. If the second scenario describes you, don’t worry, you can change that. Here’s how.

Dealing with Setbacks

1. Recognize the price.

* Jot down the sacrifices you will have to make while pursuing your goal. Anything you can think of.

2. Accept the price.

* Ask yourself if you are truly willing to accept the sacrifices. Once you make that decision to accept them, don’t ever complain or whine once the going gets tough. Remind yourself that you chose this path and that if it’s worth the price then it’s worth the fight.

3. Plan for setbacks.

* Like I said, setbacks, challenges, obstacles… these things are inevitable. It’s not about avoiding them, it’s about what you are going to do when they happen to you. You need to come up with a game plan.

If you were making $100 a month in residual income online and one day something happens that is out of your control, such as an affiliate program of yours decides to shut down its business, what will you do? What is your plan of action? Will you curse your bad luck and quit or will you roll your sleeves up even higher and work even harder?

Accept the fact that nothing in life is a guarantee except for death and taxes. You can achieve your dreams, be living the life you’ve always wanted one day and have the rug pulled out from underneath you the next. Of course there are things you can do to reduce the damage of these types of things happening but the point here is that setbacks will happen. How will you react to them?

The Power of Having a Coach

If you study a bunch of successful people, you will know that almost all of them have a coach or a mentor to help them. Whether it’s in sports or in business, having a coach will give you a competitive edge on your competition.

One of the great things about having a coach is that they have gone down the path you are going down. When you are met with a setback and don’t know what to do, they can help you because they’ve dealt with the same setbacks before. When you feel like quitting, when things get too overwhelming, when you start thinking there’s no use, a coach can come in and put things into perspective for you.

You see, the tougher the challenges you go through, the stronger you will become mentally. If you’ve ever been in sales, one of the toughest things to have to deal with is rejections. The great thing is that the more rejections you deal with, the stronger your mentality becomes. If you’ve successfully dealt with hundreds of rejections, when another one shows up, you won’t even think much of it. This is the same with coaches.

They’ve been through so much that nothing seems to phase them anymore. They’ve been through all the crap and setbacks that you are going to go through. While you have no idea if you can get through them, they do, because they’ve done it before. Having them by your side will be a huge help in terms of mental support. They can help reassure you and remind you that the setbacks you’re facing are all part of the game. They can give you the faith and belief to keep going.

Remember this: The greater the challenge, the sweeter the victory.

No matter how tough things get, if it’s worth pursuing then it’s worth persisting.

** If you want coaching from some of the best in the internet business world, then sign up with The Keyword Academy. The technical and mental support you will gain by joining will greatly increase your chances of success. They have literally changed my financial life.

The more you see for yourself, the more you will believe in yourself.

Many people will never put in the amount of work that it takes to achieve any type of financial success online simply because they don’t believe that it is possible for them. This is why many of the most successful internet marketers will tell you that the first $10 day is the hardest to get to but once you get there, $100/day is just a matter of time.

The reason for this is because while getting to $10/day, your mind might not yet fully believe that you can achieve that. But once you achieve it, your mind opens up. All of the sudden $20/day becomes possible, then $50 then $100 and so on. For you to get there though, you will need to increase your belief in yourself. So how do you do this?

Visualizing

When you are able to see and feel the life that you want in your mind, to the point where in that moment, it’s real to you, the belief in what you are truly capable of will start to increase. This may sound silly or even dumb to you but it’s not. People have accomplished things that were once thought to be impossible because they were first able to see it in their mind.

You must first see what you want and believe that achieving it is inevitable, only then will you be able to take the necessary actions to make what you see a reality.

Here’s something I do every night when I’m done working on my internet business. I only work about 4 hours a day but I normally finish off the 2nd of the 4 hours before I go to bed. The minute I am done with my last article, I turn on a particular piece of music and celebrate.

During this “celebration” what I do is I visualize living the life that I know I will experience. I don’t just do it passively though. I jump around as if the day has finally come where I am realizing my dreams.

This may sound crazy to some people but I don’t care. This stuff works. The more I do this, the stronger my belief in myself becomes. The stronger my beliefs get, the more I look forward to taking the necessary actions to get the results I want.

So what have I accomplished during the past 30 days? I’ve written over 150,000 words. That’s well over 300 articles. At this point, it has become a habit for me. Day in, day out, I crank it. My dreams becoming a reality is just a matter of time for me. I can taste it.

So how long will I be working at this level? Well, I’ve set up 100 day cycles for myself where I have a ton of things to do within that time frame. Once the 100 days is up, I evaluate my progress, adjust what needs to be adjusted, and go on another 100 day run. I will basically do this until I reach my goal of at least $10,000 a month in residual income.

Everyday that I put out this amount of work, my results get better. As my results get better, my beliefs get even stronger. As my beliefs get stronger, I see more potential for myself. I want to let you know that your ability to get yourself to have total confidence in yourself will do more for you than anything else in terms of achieving your goals and dreams.

Many people talk a big game because it’s easy. Anyone can talk big. If you think you’ve got what it takes to make your dreams a reality, then show it. Not to anyone else, but to yourself. If you are not taking the action every day that you know you should be doing, then it may mean that you don’t believe you can do it.

Surrounding Yourself with the Right People

One of the most powerful things you can do to increase your belief is to not only visualize but to surround yourself with people who live at a higher level in terms of what is possible than you. If you hang around with a bunch of failures, you’re going to be one too. When you surround yourself with the right people, their unshakable belief about what is truly possible will rub off on you.

There is a story about a guy who was making a couple of million dollars a year. He knew the power of surrounding himself with the right people and because of that, he meets up with a group of successful people on a regular basis to discuss ideas and goals. That’s one of the main reasons why he was making so much. However, during a speaking event where he was one of the guest speakers, he met someone who was making way more than he was who was also one of the speakers. He ran into this much more successful person backstage and asked him why he isn’t able to get to his level.

The man asked him who he surrounds himself with. He proudly said, “Millionaires, they are all millionaires.” The man looked at him and said, “That’s why. I surround myself with billionaires.”

By the way, the man in the story is Mark Victor Hansen, co-author of the famous Chicken Soup for the Soul series. The man he got his advice from is Tony Robbins.

The point of this story is that even the super rich know the power of surrounding themselves with the right people. For most of us, being a millionaire is almost unbelievable. But to millionaires, it’s their reality so believing it is like believing that gravity exists. They know it’s possible because they are already there. If you told them you want to be a millionaire, they will probably ask, “What’s stopping you?” Tell that to someone who thinks it’s impossible and they will probably say, “C’mon. Be realistic. Quit dreaming.”

If you want to make money online with an internet business, you will have to surround yourself with people who are already making the kind of money online that you want to make. Don’t underestimate the power of belief. It will make or break your chances of success.

If you don’t know anyone who runs a successful internet business, then join The Keyword Academy. Your belief in what is truly possible will skyrocket. I went from dreaming about making $1 a day to be surprised if I don’t make 2 digits a day, which doesn’t happen anymore, all in the time frame of about 6 months. It’s time to make things happen!

KS