How to Successfully Make Money With a Business From Home: Vital Tips to Avoid the Common Pitfalls!
Making a Successful Business is Not Luck, It's a Science!
If you are deciding to do a business from home; to be successful you’re going to face some of the common pitfalls!
Most all home business beginners on the internet and on the street are going to require some outside support or resources if they want to get on the fast track to success.
You can’t just follow any “how to have a successful home-based business program!” You won’t get big results using the latest internet fads and gimmicks!
Because the home-based business industry is constantly evolving, you need to be on the cutting edge of the latest marketing developments!
If you are starting a small business for the first time, make sure you’re not jumping on a program which is outdated.
Check when the business concept was started and whether it is continually updated. Don’t wait until you’ve wasted a whole year investing in something which is outdated.
Another big mistake most upstart business owners make is sifting through all the available training and not finding what matches their skill set or business model.
How do you get on a fast-track and bypass all the hogwash?
You can choose from the various lists of e-commerce outsourcing companies, online marketing services, web designers, “home business gurus,” e-courses and other online marketing solutions which may or may not provide a marketing strategy tailored to your needs.
Or an even better choice is to get “live” mentorship that will give you personal attention so that your business success is guaranteed!
Search for a cost-effective source that meets your budget but that will also give you enough personal attention for what you pay for.
You Can Start on a Fast-Track Or You Can Start Wasting A Lot Of Time Like Most Beginners!
If you have already spent time working your business, whether on the internet or on the street; you probably have some of your own nightmarish experiences to share already.
I have tried everything; purchasing e-courses, signing up for all the free programs, spending many hours posting to free ad boards, ad blasters, banner ads, studying SEO, basic HTML and much more!
My first five years I was like a pinball going from one business to another without any success! That is the general experience for over 75% of those starting a home business. Mainly because there are so many different business models available.
If you want to know how to successfully make money with a business from home without a long learning curve, make sure you use my 18 SECRET TIPS BELOW to make good decisions in the very beginning of your home-based business career.
Using this checklist will increase your earning potential 150% !
1. THE BEST HOME BUSINESSES concentrate on programs or products that need to be purchased monthly!
Think of a product that most people need to replace, re-use or purchase on a monthly basis. There are many great products and services to promote in a home business and on the internet. You can earn big commissions to sell them. HOWEVER, would it be better to make a $39 profit just one time, or a $10 profit over and over again indefinitely?
“It has been well said, that when you sell a product that pays once, you are making money that benefits the company more than yourself. But, if you sell a product over and over again, month after month you are making income that is going to benefit you.”
When you sell a product that people will purchase month after month, you actually only have to make one sale and reap the benefits over and over again.
2. THE BEST HOME BUSINESSES know that there is no such thing as a free business!
Despite all the hogwash you read about making $1 million and never spending a dime, time or work; ladies and gentlemen, it might happen once in 5,000,000 years! But don’t hold your breath!
It’s always going to take some money to make money on the internet or with a home business. The good thing is it takes a whole lot less to start a work-from-home business.
Also, even though you can join almost any internet or home business program FREE; realize it only gets you in the door; and without benefits to actually make a financial profit that gets you on a much faster track to success. Normally, a home-based business will have a “fast-track” promoters package and tools for you to have the fastest way to making a profit.
But the Fast Track is not included in most “get in the door” basic packages. So you can start on the least expensive package which will be the slow track or the “I mean business” fast track package which is designed for you to really make money.
The internet world is so jam packed with opportunities, if you look around you can find most of the components that you would need for a successful business. But it takes some work. You have to know WHERE to look, WHAT to look for and HOW to put it together. Often times than not, the learning curve can be very involved.
“Don’t be fooled, whatever you do will require some investment, either in time or money. The good thing is, if you’re accomplishing your goals; work seems like playing!”
3. THE BEST HOME BUSINESSES know NOT to put all their investments in one “boat.”
The best home businesses entreprenurs will diversify their businesses. Getting involved in a program or selling a product with multiple sources of income is what you want to have! If your business has more avenues of income, it will be more stable and you will be less likely to go under.
Can you imagine if you invested all your time and effort in a program and after one year it disappears! But if you learn the proper way to diversify your investments, then you may only lose one arm of your business instead of the whole thing!
Considering the condition of the economy; where would it be better to place your 10 gold nuggets?
Would you put your 10 gold nuggets in one bank or would you put them in three different banks? The answer is obvious. Three banks would be the best prevention from being wiped out financially all at one time.
4. THE BEST HOME BUSINESSES take advantage of multilevel marketing!
Multilevel marketing, network marketing and what we have often called “pyramid schemes” have given home businesses a bad rap. Really, multilevel and network marketing is a concept that happens in almost every business and social organization in existence.
It’s not the system that’s wrong. It’s the people that have used a perfectly good business tool to use in a wrong way.
It’s like saying that cars are a “scam” because people are using them to transport and hide drugs as they come across the border. Does that make cars bad? Of course not.
Neither is there anything wrong with multilevel marketing and network marketing. It actually is very powerful and gives a team of people the ability to make more money in a shorter period of time while enjoying more freedom to control thier financial future.
5. THE BEST HOME BUSINESSES understand the difference between selling and marketing.
One of the biggest mistakes many home business and internet business owners make is not knowing the difference between selling and marketing. Most home business owners look for something interesting to sell, or something they like to sell and hope for the best.
However, an “internet marketer” evaluates the market and determines what products are the best selling products with the most profitable gain. their objective is to find what’s hot and what’s not.
There is nothing wrong with taking into consideration what you have a passion for or a gift for marketing; however, don’t get stuck on preferences for what you want to promote. Most successful home businesses have learned to find these hot products and market them as long as they remain hot.
For some of us that’s real hard to do because we become passionate for what we support. That is a good thing! You just need to determine whether your decisions are product or passion decisions.
6.THE BEST HOME BUSINESSES do programs that work!
Now, that sounds like common sense; however, many new business owners concentrate on programs because it’s comfortable for them. They liked them. It was the first one they learned. It’s easy to do. Easy to understand.They had enough success to make them feel good.
Many small-business owners never experience much success because they get stuck with what is comfortable.
However, your business should work well enough to produce the success that you desire and solve the problem that benefits your community.
7. THE BEST HOME BUSINESSES know that you can’t do it all by yourself!
Working alone is somewhat of a mirage. Sure, being your own boss is what home businesses and internet businesses are all about.
Everybody wants to be their own boss. Everybody’s tired of the 9-to-5 job. But even when you’re your own boss, the home business man/woman realizes that they will have to outsource, some of their work, or do joint ventures with others, and sometimes team up with others to make their business run efficiently and successfully.
One obstacle that you will eventually face is trying to do a project that you don’t have a skill for or just hate to do.
“That’s when you need to outsource your project. A great place to go when you need to outsource is http://www.ELance.com . You can hire someone at a reasonable price for any project that you can’t do or don’t want to do yourself.”
8. THE BEST HOME BUSINESSES build quality into their product.
There are many businesses that have great marketing plans and vision but don’t necessarily have a quality product.
They may even make a lot of sales but because the product isn’t as good as the marketing, there is a lot of dissatisfaction.
If you are a promoter of a product that does not deliver the goods” it will have a lot of adverse effects in the short-term and long-term of your business.
“It is hard to be passionate and promote something that you don’t think is of good quality. It will determine How committed you will be to your success and home business.”
9. THE BEST HOME BUSINESSES have promoters that have integrity
If you are a promoter or distributor of a home business in which has deceptive sales practices, distributes dishonest information or is using other unethical practices; it doesn’t matter whether the company is making millionaires, the end result is not going to be good.
It is not the type of company that you would want your mom to be proud of. It also makes it difficult to sleep at night!
10. THE BEST HOME BUSINESSES have leadership that have a solid foundation.
If your home business has a product that you are selling as an affiliate; the leadership of that company needs to have several foundational pillars.
Every consumer wants to buy a product that has quality. If it is a tangible product; the company needs enough financial stability to produce a quality product that the consumer wants to have.
Secondly, a good business will have a good foundational training program for their promoters.
Thirdly, a good business will have up-to-date technology which is important in today’s modern world. Especially with today’s social networking, Facebook, twitter, cell phone apps and many of the other well-known social networking tools.
A good leadership will make sure these leadership qualities are part of their organization.
11. THE BEST HOME BUSINESSES provides a product that compels not only the purchaser to be a promoter but also the promoter to be a purchaser.
This is actually a very important secret that a good business should have, but is not necessarily required.
Why?
“Because, if a product is really that VERSATILE, then it should not only be desired by the consumer, but even the promoter as well. If a promoter is interested in his own product, it will be that much easier to promote.”
Also, if the consumer is so impressed with the purchase of the product, they will often become promoters as well.
If you can find a product like this and it is a quality product; then you have probably FOUND A WINNER !
On the practical side; if promoters are compelled or even in some businesses required to consume their own product, they become more knowledgeable of their products.
When the promoters and consumers are using the product, more sales are made and everyone is benefiting because more money is being exchanged, more product is being used, and everyone is happy.
This generates much more income for the promoters and the consumers.
The reason why a high percentage of home businesses fail is because it’s not easy or fun to try and promote something that you’re not excited about yourself!
Ideally, if you are compelled to use your own products, every promoter also becomes a customer.
12. THE BEST HOME BUSINESSES provide opportunities for the average promoter to make an income that gives them the freedom they’re looking for.
So many home businesses and internet businesses do not really deliver the freedom that people are looking for. We are talking about finances as well as the freedom to have time to do more than just work.
If it does not provide the financial freedom and the freedom of time for the average promoter, it’s not a winner.
13. THE BEST HOME BUSINESSES have products that are desirable for a large segment of the community.
“Which products do you think are easier to promote; toilet paper, cups, forks & spoons, water and food or do you think it’s easier to promote purple toilets, alkaline water machine ($2000 cost), metal chopsticks, etc.”
Really, it’s not always about whether a product is good for you or not. It’s about whether it’s desirable by the consumer. Does the consumer want it? And is the consumer willing to pay the price? Sometimes the consumer wants it desperately, but not desperate enough to pay the price?
Some companies have a extremely good quality product but the price is so undesirable that the average consumer is not willing to purchase.
Know your consumer and how much they’re willing to pay..
14. THE BEST HOME BUSINESSES have incentives and rewards that compel the promoters to reach higher goals
If you are promoting affiliate products in your home business that provide incentives and rewards that compel you to move more product you probably have found an exceptional company that has learned how to reward its promoters.
A good quality program will have built-in reward systems.
15. THE BEST HOME BUSINESSES are programs that genuinely care for consumers and promoters alike.
It should be clearly evident in the marketing and the product that both the consumers and promoters are genuinely cared for.
16. THE BEST HOME BUSINESSES have to have a compensation plan that rewards.
Make sure that the compensation plan is reasonably attainable. Don’t spend one year of your life working a home business to find out that the amount of money you want to make is not even remotely possible. Count the cost before you start.
17. THE BEST HOME BUSINESSES realize their promoters have to be business developers and not recruiters.
What do we mean by that?
Most home-based business entrepreneurs try to be recruiters instead of looking at being a business developer.
When you have a recruiter mindset you are always looking for someone that will buy something from you.
But when you have a business developer mindset you look for people you can help. When people see that you really want to help them they are more willing to join you in your journey.
18. THE BEST HOME BUSINESSES will have training that resembles mentorship.
In other words; whatever training that is required for your home-based business, make sure that you can follow a mentor who has already traveled a successful road.
Follow a model that has proven successful. There are various ways of finding a mentor. Don’t look just for book mentoring but in a person that you can work with. And you can follow. Teamwork!
Don’t try to reinvent the wheel if you only need the keys to the car to take you where you need to go!
Most, if not all of these secrets are required to be in a successful home business. However it is not an all inclusive list. If you use this list as a guideline for making money with your business or to search for a successful home business, you are starting on the right track!
If you would like a business model that incorporates all these in one business; YOU CAN DO THAT HERE
