If you're a beginner in the home-based business world; whether it's online or predominantly “on the street;” you can find a million web sites that claim you can make money right away! Many “wealth gurus” say they can make you fast cash!
However, millions of home based business ideas on the internet are failing to produce their claims.
Because most home-based business ideas are usually too difficult for the beginning entrepreneur. Or, in an effort to make them simplistic, most of the benefits are in favor of the owners.
In fact, many programs are usually challenging for the intermediate and advanced Internet marketer.
You've heard it before … “You can make $ 150,000, $ 500,000 and even $ 1 million a year with no experience, not time, no money and no brains!”
You've heard these outrageous claims before and they get old after a while! It makes it hard to know the difference between the hype and an online home business or home-based business idea that can deliver a real promise!
So if you're trying to get out of the 9-to-5 rat race and work for yourself, the best way to prevent wasted time is to find a dependable mentor and invest the required time and money to get the necessary foundation that can help you make money from “jump Street!”
It's common for the average home based business entrepreneur to invest 10, 20 or $ 30,000 in training and tools before finally getting the right skill set to make things happen. In fact, it probably happens to over 70% of us who get into home businesses. Of those, most fail.
In fact, I was no exception. Before it finally made some sense to me I had invested over $ 20,000 in training, software, tools etc.
The biggest tragedy is; I could have spent $ 500 or even $ 1000 and received the same or even better results! However, I started like most of us do. spending $ 10 here, $ 25 there, etc. But that's like trying to put a 500 piece puzzle together and purchasing five pieces at a time.
So you're faced with the choice of constantly being persuaded by all the get rich quick scams and jumping from one hot idea to the next!
Don't Repeat the Same Mistake most Home-Based Beginners Make!
Like many of us, I took the plunge into online and home-based entrepreneurship and experienced instant failure! Even though I began working on the internet when it virtually started. I worked many home-based businesses as early as when Amway was very popular.
I failed at over 50 different home and online businesses with every marketing strategy you can think up.
I fell for several of the web site gimmicks that told me to “just purchase a sleek looking $ 500 web site and get rich! One such opportunity was a car web site that I worked on for five years. During those years I never made one dime !
I purchased e-courses, signed up for all the free programs, I spent many hours posting to free ad boards, ad blasters, banner ads, studied SEO, basic HTML and much more. I probably tried every kind of internet business and strategy on how to make money!
I tried an equal amount of home-based businesses that do most of their work on the street instead of the internet.
Basically, I was spending all my free time draining my bank account and still didn't make one penny!
Don't let anyone fool you; although working in the home-based business world can be very lucrative, you are going to have to make an investment in time, money and dedication before you get the results you desire. The good news is, it takes much less time and much less money than in the “brick and mortar” world.
Important Tips for Starting Home Based Beginners
OK Mike, you told me all the bad news! So what can I do that will work!
Glad you asked!
Good money can be made with a home business idea, and lots of it! In fact unlimited! But these secrets are important.
If you are making tons of money without them, you should be able to at least DOUBLE your income with them!
1. BEST HOME BUSINESSES Concentrate on programs or products that need to be purchased monthly!
There are many great products and services for you to support. You can earn big commissions to represent them. HOWEVER, would it be better to make a $ 39 profit just one time, or a $ 10 profit over and over again indefinitely?
2. BEST HOME BUSINESSES know it takes some money to make money!
Despite all the hogwash you read about making $ 1 million and never spending a dime; ladies and gentlemen, it might happen once in a million years! But don't hold your breath!
It's always going to take some money to make money. The good thing is it takes a whole lot less to start a work from home business.
Also, even though you can join many programs FREE; realize it only gets you in the door; and without benefits to actually make a financial profit fast.
3. BEST HOME BUSINESSES “put their eggs in several baskets!”
The best home businesses entrepreneurs diversify their businesses. Getting involved in a program or selling a product with multiple sources of income or sources of prospects is what I'm talking about! If your business has more avenues of income, it will be more stable and you will be less likely to go under.
I would keep in mind that because of our unstable economy, a rewarding home-based business idea should not solely be dependent on the online world. You can conduct your business online and “on the street” but what if the internet goes down for some reason? Just something to keep in mind.
4. BEST HOME BUSINESSES invest in a business with a solid financial foundation.
Can you imagine if you invested all your time and effort in a program and after one year it closed its doors! Make sure you don't invest all your effort into a program that is weak in the first place!
Also, when you have a “business developer mindset”, instead of a “recruiting mindset”, you will have a friendly team of associates to keep your business going.
Even if you're flagship project goes under, your associates are likely to join you on the next venture.