Success in a Home Based Business
Success or failure in building a Home Based Business for any entrepreneur
is a matter of discipline, market conditions, demand, and timing
just as in any business. These business building principles are
interdependent. The absence of one renders the others useless. For
example, market conditions, demand, and timing can be aligned for
the perfect storm of opportunity to occur. But if you lack the disciplines
required to prepare yourself and to take the actions necessary to
take advantage of the massive, explosive growth opportunities that
will occur, then you will be left behind. This is not to say you
will not make a dime, but you are not going to make a substantial
amount of income if you miss "the tipping point" for that
product or service. When a product or service reaches approximately
a two to three percent market penetration, it is at "the tipping
point". That is where a product or service becomes accepted
by the masses and goes vertical to an eighty percent market penetration
with in the next eight to ten years in most cases. This "up
and to the right" phenomenon movement is a wave you want to
be in front of, not behind!
Networks of Distribution
John Paul Getty once asked the question, "Would you rather
have 100% of your business from one individual, or 1% from 100 people?"
The answer is obvious; 1% in 100 people, so if one or two quit,
you have 98% still producing. The wealthiest people in American
built "networks" of distribution, whether it was electricity,
automobiles, railroads, or food distributors. That is exactly what
network business models allow you the opportunity to do; build multiple
points of distribution of a needed product or service. The light
bulb did not make Edison wealthy. It was the network for distributing
electricity. Start building your network today. It starts with one.
That one becomes two. Those two become ten, and so on. The important
thing is that you get started today; not tomorrow. Network marketing
has a geometric growth curve over time. One day wasted can cost
you a fortune. The power of one is an awesome thing! Here is what
I and my organization have accomplished. I am not burning the house
down in MLM, but my residual income is greater than my retirement
check, which took twenty years to earn:
Starting vs Succeeding
So you want to start a home based business. Great! Right up front
I want to say that "it is not" going to be easy. "If
it's easy, it's sleazy". America is full of people that
will sign up for anything. All you've done is spend some of your
hard earned cash if you think you are going to make some money by
just signing up in something, sit on your hands and not doing anything.
"It is hard" to make one hundred thousand dollars a year,
especially if you are going to do it part-time while you work on
the job full-time (and that is the way you should do it), raise
a family, attend all the school related functions, church, and you
name it. It is hard as heck. It is simple,
but it is not easy.
This is the Hard Part
You are not the person you need to be to succeed. Got it? Does
it hurt? It hurt me when I finally had to admit it. If you are going
to succeed at your home based business, you are going to have to
change; become something more. You are not the person you need to
be right now, to have great success. Personal development is
the key! If you don't think so, think again. I am speaking from
experience. My sponsor kept telling me that I needed to read this
book or listen to this or that CD. I told them, "I'm ok in
that area. I feel pretty good about myself. I am good with people".
I am sure my sponsor was about to "gag". I did not know
what I did not know. I had to become a totally different person;
from one that had been told what to do all my life and being a follower,
to one that needed to learn to lead by doing; by example. I had
to learn to be a self starter, a positive excited person, a person
that set goals and worked hard to achieve them. I had to learn to
say "no" to a lot of things and change the amount of time
I was spending with people that were heading in the opposite direction
from which I wanted to go. I had to get around some successful people
and learn what they did to succeed. To sum it up, add up the salaries
of the five people you spend most of your time with and divide by
five. I bet you are real close to what you are making! If your friends
aren't going in your direction, you may have to leave them behind.
Some of them will come along later, when they see you succeeding.
Success or Failure - The Slight Edge
So what does it take? If you can develop the discipline to repeat
simple tasks, over time, that don't seem to mount to a "hill
of beans" on any given day, you can succeed at just about anything.
The "tough part" is that those seemingly little
insignificant things are "so easy not to do"! And
that is the difference between those that succeed and those that
do not. It is "oh" so slight an edge that makes all the
difference. It is a simple matter of discipline.
How disciplined are you? Can you change if you are not disciplined?
If your answer to the last question is "no", go no further.
Keep working for someone else, and that is not a bad thing. Just
don't start a business and waste your time, energy, and resources
your family needs. Enough said!
Where Do I Begin?
"Begin on you knees" in prayer to the One that cares
most about you and your success. He is the One that created you
and knows all about you, even before you were born. You may or may
not be interested, but here is my opinion and what I have found
to be the truth. Your business philosophy is very important to your
success. Without the proper perspective, you may obtain great financial
success, but be a failure in obtaining the most import thing you
could possess; a relationship with the Lord Jesus Christ. My business
philosophy comes right out of the Bible from Philippians 2:3,4 3
Don’t be selfish; don’t live to make a good impression
on others. Be humble, thinking of others as better than yourself.
4 Don’t think only about your own affairs, but be interested
in others, too, and what they are doing. NLT
First - "Where do I start?" is the question most
entrepreneurs want answered up front. Start by doing the following:
1. Find something you are "genuinely
passionate" about that really works as good as they
claim it does. Your success will be directly related by how well
you transfer your belief in what you have, to your prospect. Would
you buy a product that grows hair from someone whose head is "slick"
as an onion? "Faking it" does not work for the long term.
You may obtain a short term gain, but it will not last. A genuine
belief and a positive attitude are contagious.
2. Treat it like a business
Teat it like a business and you will have one; don't and it will
be an expensive hobby. Succeeding in your home business takes:
• Hard work
• A never never quit attitude
• Three to five years
These principles must be applied over time. If you are looking
for a get rich quick deal, then play the lottery or go to Vegas;
don't call me. You will end up broke, every time, on a get rich
Second - Make an honest and realistic assessment of the
1. Know your why? The bigger the why,
the faster you will succeed. It has been said that "If your
why does not make you cry, it is not big enough". Determine
your why and "write it down"! Just do it and keep it where
you can look at it every day. It is a servo-mechanism that gets
you back on coarse when you begin to wonder off course. If you do
not do this, forget it. You won't stay on course and you will become
a "wondering generality" instead of a "meaningful
2. How much do you want to make?
An extra five hundred dollars to one thousand dollars per month
is a lot of money to most people. That will pay off your debts,
pay for a new car, put your children through college, or even change
your zip code. If you can not make an extra one thousand dollars
per month, how are you going to make ten thousand dollars or twenty
thousand dollars per month? Start small. Be realistic. Then build
3. How soon do you want to make it?
This must be a realistic estimate directly related to your answers
to number 2 and 4. One hour a week won't get you far, but it is
a start. Starting is important you know. If you choose the kind
of business that you can leverage your one hour with someone else's
one or ten hours, then you can eventually reach your goals. When
you make a little money you will find two hours, then five, then
ten much easier than you thought. I have a team member that is earning
between twenty thousand dollars and thirty five thousand per month,
in twenty eight months from starting their part-time business, by
consistently working ten to fifteen hours a week. How? They converted
TV time to "contacting, inviting, and selling", time!
Was it worth it? You decide.
4. How much time do you have to devote
to your business? If you have one hour per week and want to make
five thousand dollars per month in the next three months, forget
it. It will not happen! Now, I can show you how to make two hundred
and fifty dollars in an hour. Not bad! Now you realize, you have
to do something; tell people about what you have to offer. "Oh
no, not that!" Yes, for one hour a week you have to tell people
about what you are doing, not sell them. Just tell them. That is
something anybody can do and that is key to your success. More on
The Game Plan
Knowing realistic answers to numbers 2, 3, and 4 above, then you
can arrive at a realistic "game plan" for achieving your
goals. The success you will have will be determined largely by the
type of home based business you choose to pursue. The remainder
of the web site will be a discussion of the right business and business
model for you.
The Opportunity to Choose
In business, when (1) Market Conditions, (2) Demand and (3) Timing
are perfectly aligned the "Perfect Storm" of opportunity
exist. That may happen only once in a life time! If you find such
an opportunity, don't miss it! Step out in faith and go for it.
So "work full-time on the job while you work part-time on your
fortune! Before long, you will be working full-time on your fortune".
Do your research. The opportunity you choose is critical to your
long term success and I hope you are thinking "long term".
Statistics show that most start-ups are out of business in two to
five years. Here are some very important considerations in making
your choice on the company that you will place your hopes and dreams
in. It must:
• Have a proven business model
• Have a capable management team with integrity
• Be a stable, solid company
• Provide a service or product customers want and need
• Have a great compensation plan that rewards you for producing
with no limitations
It is important to review the steps to consider in choosing the
proper home business. Do not fail to review the "Choosing a
Company" page on this website. You will find contact information
to different agencies you will need to contact during your search
for the right business.
The Rewards of a Home Based Business
• Tax deductions
• Control of your life
• The life style you and your family deserve
• The ability to give more to others than you ever imagined
• Secure your financial future
• Early retirement
• Achieve your dreams by helping others achieve their own
• Freedom to do what you want, with whom you want (hopefully
your spouse if married), any time you want, and take all your
money with you
What it takes to Succeed in Your Business
• A burning desire (A Big Why?)
• Be teachable (This is major!)
• Be willing to work (Not an option!)
• Be willing to help others succeed (Not mandatory, but a
very nice way to make it.)
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