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Secrets To Starting A Home Based Business

Starting A Home Based Business

Starting a home-based business is one of the easiest things you can do.

Anyone can start a home-based business even people who lack in technical computer skills.

The only things needed for starting an internet home business is a website and a domain name.

You can get these for free from WordPress.org or Weebly.com.

But, if you want to present your home based business in a professional manner, you should buy the hosting and domain name.

Hosting and a domain name should only cost you about $5-$10 a month.

Okay, it is easy to set up a website and a domain name, but the logistics of what you promote, your business plan and marketing is not so easy.

With that being said, starting a home-based business is not easy and 97% of the people who attempt it fail miserably.

There are couple of major reasons that contribute to this high rate of failure:

  1. People waste time on the wrong things.
  2. People constantly go from one opportunity to another.

Let’s take a closer look at the first problem.

Inherently, in a home-based business there are a lot of normal home distractions like family, friends and many other time wasters:

  • Email and IM.
  • Phone and texting.
  • Wasting time and energy on convincing “Negative Nellies.”
  • Using social media the wrong way.

When you are focused and working on your high producing activities turn off your phone, IM and email.

Only check those after you have finished your high producing activities like article marketing, creating a video or blog post.

Never waste time with “Negative Nellies,” people who really do not understand your business but have a lot of negative opinions about it.

Especially, our family and friends will be the first to say, “Don’t waste your time on that crap, it doesn’t work.”

Once your business starts making money they will be the first to shut up and disappear.

Not only do these people distract you from your goals but they discourage you from succeeding at them.

How To Start A Home Based Business

When you a boss, he/she would tell you what to do, monitor your time and your productivity.

Being your own boss means your responsible for keeping track of what you’re time and productivity.

You must spend 95% of your time on high producing activities:

  • building your list,
  • driving traffic to your offer,
  • converting that traffic into buyers.

The second big reason people fail at starting a home-based business is constantly changing direction.

This is what it’s called the, “next shiny object syndrome.”

There are hundreds if not thousands of home based business opportunities on the internet, promising money, fame and security.

Do your due diligence, find a company a product and a leadership you believe it and stick to it.

Become like the hungry dog with a large bone or a horse with blinders never give it up and never change your focus.

 What I Learned About Starting A Home Based Business

One major lesson I have learned in starting a home-based business.

No matter which home based business or opportunity you’re in you still have to do the same things to be successful.

You must build a list, find traffic and convert them into buyers.

So, you end in the same position you were with the last home business you were not successful in.

 

Another problem closely related to changing direction is starting more than one home based business at a time.

Everyone is looking for “various streams of income” but if you haven’t succeeded at getting one stream.

How are you going to get various streams?

F. O. C. U. S. – Follow One Course Until Successful

Become successful in one marketing strategy, automate the process, then rinse and repeat.

For example, you may want to get leads from YouTube.

Focus on it for at least two hours a day until you have mastered that particular marketing strategy.

Then move on to another marketing strategy.

 

To be successful in starting a home based business you must be fully committed to its success, stay focused on your goals, love what you do and do what you love.

If you enjoyed this article please pass it on.

If you’re in the market for starting a home based business with a great product, superior compensation and an outstanding leadership.

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One Response to “Secrets To Starting A Home Based Business”

  1. Dana Caffrey says:

    Thanks for sharing this very informative article. I’ve learned a lot from this, it helped me to give an idea of how to start my home based business. Thanks a lot! Keep posting more articles like this.

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