Home Based Business - What Are the Ingredients of a Successful Business
Why do so many people start on their quest for a home based business only to be disappointed in a few short months and then give up?? The drop out rate for online home based businesses is in the region of 95%.
Why so high? Especially as the 5% who are successful, seem to be making a very good income.
2 ½ years ago I started out on my quest to try to figure out how to make money online.
I don't mean the odd $50 here and there; I mean a proper full time income that would offer me a substantial residual income to supplement my pension.
I want to be able to afford to travel when I am retired and this will clearly need a substantial amount of cash.
It has been a long hard road, and there have been many occasions when I could easily have given up, but during that time I have learned many valuable lessons, including how not to build a home based business! However, finally I am gradually starting to discover the secret to "my" internet success.
Making expensive mistakes seems to be part of the initiation period for many people.
Even the most successful network marketers will tell you that in the first few years of trying to make money online, they made many expensive mistakes, so it is heartening to know that I am not alone.
None of us likes falling for the scams, especially if they turn out to be costly mistakes, but it would appear that it is almost inevitable that the newbie will fall for their fair share of useless opportunities.
Unfortunately they have a very clever way of sounding like the most amazing opportunity you will ever have, offering overnight success and the promises of riches.
It may sound easier than it actually is, but keeping it simple is probably the best advise you will receive in the early day.
I remember being told to stop the money hemorrhage, and thought this was so obvious I couldn't believe I hadn't thought of it for myself.
Find a couple of businesses you are happy with and stop being lured into every other opportunity that pops up that sounds like the answer to your prayers.
I have been tempted by far too many opportunities and have lived to regret many of them Despite what you may read it is possible to get started online spending very little money.
In the early stages it is advisable to avoid any opportunity that asks for a monthly subscription until you know whether that particular site will be beneficial for your home based business.
There are often free options that allow you to test drive the site before making a decision.
If you are to make a success of you venture then it is important to have a plan, set bite sized goals and stay focused.
There is lots of free information and free training online as well as free ways to advertise your business, so do your research and keep the cost down to a minimum.
If you are serious about making money online remember that Rome wasn't built in a day.
It will take a plan, focus, stickability, time, patience, determination and sheer hard work if you are to experience online success.
Why so high? Especially as the 5% who are successful, seem to be making a very good income.
2 ½ years ago I started out on my quest to try to figure out how to make money online.
I don't mean the odd $50 here and there; I mean a proper full time income that would offer me a substantial residual income to supplement my pension.
I want to be able to afford to travel when I am retired and this will clearly need a substantial amount of cash.
It has been a long hard road, and there have been many occasions when I could easily have given up, but during that time I have learned many valuable lessons, including how not to build a home based business! However, finally I am gradually starting to discover the secret to "my" internet success.
Making expensive mistakes seems to be part of the initiation period for many people.
Even the most successful network marketers will tell you that in the first few years of trying to make money online, they made many expensive mistakes, so it is heartening to know that I am not alone.
None of us likes falling for the scams, especially if they turn out to be costly mistakes, but it would appear that it is almost inevitable that the newbie will fall for their fair share of useless opportunities.
Unfortunately they have a very clever way of sounding like the most amazing opportunity you will ever have, offering overnight success and the promises of riches.
It may sound easier than it actually is, but keeping it simple is probably the best advise you will receive in the early day.
I remember being told to stop the money hemorrhage, and thought this was so obvious I couldn't believe I hadn't thought of it for myself.
Find a couple of businesses you are happy with and stop being lured into every other opportunity that pops up that sounds like the answer to your prayers.
I have been tempted by far too many opportunities and have lived to regret many of them Despite what you may read it is possible to get started online spending very little money.
In the early stages it is advisable to avoid any opportunity that asks for a monthly subscription until you know whether that particular site will be beneficial for your home based business.
There are often free options that allow you to test drive the site before making a decision.
If you are to make a success of you venture then it is important to have a plan, set bite sized goals and stay focused.
There is lots of free information and free training online as well as free ways to advertise your business, so do your research and keep the cost down to a minimum.
If you are serious about making money online remember that Rome wasn't built in a day.
It will take a plan, focus, stickability, time, patience, determination and sheer hard work if you are to experience online success.