Business Advice

Key to Success - my personal views on creating a successful home based business

Devote time everyday to your business venture. Rome wasn't built in a day, but if you are not making a daily contribution you probably will not see very positive results.

Be patient and be willing to operate in the red for the first couple of years. Now I know that doesn't sound encouraging, but it takes time to build your marketing capacity.

Carefully choose the business opportunities and marketing tools you will be using. Hopefully this website will help by providing proven opportunities and tools; otherwise what happens is you waste a lot of time on ventures that never materialize.

Choose those business opportunities that appeal to you and that you believe in. It is tough to sell something you don't use yourself.

Remember the home based business opportunity is all about marketing. Don't get caught up in a whole bunch of administrative work; you need to focus on marketing, marketing, marketing!

Seek the advice of others. Get involved in blogging or contact other entrepreneurs and find out what they are doing. Forums or Business Social Networking sites are a great place to make contacts and educate yourself.

Believe in yourself and your dream. I see to many people signup for programs and do absolutely nothing. You must commit to a program and stick with it.

Don't quit a program before it becomes successful. Now I don't want you to be stupid and invest thousands of dollars in a program that doesn't work, but jumping around from one to another usually accomplishes nothing.

Be willing to work very hard. I haven't met too many people that are successful that don't work extremely hard at it. You need to be focused on being successful and that doesn't mean just wanting it you need to put in the time.

Have a plan. Decide what you need to do and put together a plan. You should have a target date associated with each task in your plan. You might also estimate how long or how much money should be budgeted for that task.

Time to start your own home business

Is now a good time to start your own home business? If you have a retirement account you probably have only about half of what you had a year ago. It used to be enough to work for a company for 30 years, and retire with a pretty decent pension or 401k account, but is that true today? I would suggest that there is a fundamental change in the stock market, and while everyone points to history; I don't think it is smart to assume that the past is a great predictor of the future when it comes to investments.

So back to my original question. Is now a good time to start your own home business? YES! YES! YES!

Here are just a few reasons why now might be the best time ever to start your own business:

   1. During a recession home based businesses tend to thrive. I used to work for one of the largest MLM companies in the world and when times where tough we always recruited more members and made more money.
   2. Developing a second source of income. While I don't know your situation, it is not a bad idea to hedge your bets and find another way to make money. What if you lost your job? What happens when you decide to retire and you find out you don't have as much money in your retirement accounts as you would have liked?
   3. Small business accounts for an ever increasing percentage of the gross national product in many countries. Depending on companies like General Motors, AIG, Citi Group, etc. for your only source of income is just plain risky. Why not become part of the solution, by owning your own business.
   4. Becoming independent. This kind of feeds off all the points made before. Why not take control over your own destiny.
   5. Finally now more than ever there are many different businesses you can get involved in, and I'm sure you can find one that you can be passionate about.

I have three businesses that I promote and feel passionate about. One is in the health and wellness field, an area of the economy that will only grow, as baby boomers age, but want optimal health and wellness. Another one that I am involved in takes advantage of the growth in the internet, and can position you to develop a web based presence for any business you choose. The third one I promote and use provides a nice additional income by viewing advertisements, and building a downline. All of these require work to succeed at, but all have great long term potential. My top 3 picks are:

GBG - The Ten in One liquid vitamin
GDI - Global Domains International a web hosting business, where you not only can create your own web presence, but also profit by signing up others.
ClixSense - My favorite paid to click program.