6 Keys To Home Business Success

The Home Business industry is a multi-billion dollar industry, but unfortunately the vast majority of people (more than 95%) never achieve any level of success with it.

Why?

Because they don’t know the 6 keys to home business success, and they give up before they see results.

So many people get started in this industry with the vision of creating massive residual income by telling 5, who tell 5 who tell 5 and they all live happily ever after. Unfortunately, they tell 5, who tell them where to go, and for most people that’s enough rejection to make them throw in the towel and give up all together.

Very few people have the fortitude to hear no as next and keep persisting.

And even the few who do persist still won’t see the kind of results they want because the system they’ve plugged into is missing one or more of the 6 keys to home business success.

What Are The 6 Keys To Home Business Success?
I haven’t been in this industry for decades like many of my mentors have, although I’ve seen enough in a few short years to know what works well and what doesn’t.

My first exposure to the home business industry was at a seminar. A speaker at the front of the room was pitching his program on how to get grants and loans from the government. The program sounded great, but near the end he said “who here would like to learn how I really broke free from my job as a garbage man and became financially free?”

Of course most of the hands in the room shot up, and he proceeded to go into his home business presentation. After more than 30 minutes of hearing about how these revolutionary products would replace most of the everyday cleaning and self care products in your home a few people in the audience finally started muttering “oh, it’s ______”. I won’t mention the name of the company here, but suffice it to say it’s a very well known company in the network marketing industry.

He made an irresistible offer waiving the sign up fees and allowing anyone interested to get started for just $1. He even promised to work with anyone who was serious and to help build our teams for us. Seemed like a great opportunity so my wife and I signed up and bought our starter products. After a few months of paying nearly $100/mo to keep our distributor status and earning a big $2 cheque we bailed.

Now in fairness, we didn’t work on building the business either. What I do know is that the 2 people who’ve done very well in that business speak from the stage, and seem to build their business from the hundreds of people in the audience, not from doing milk and cookie parties like they encourage their team to do.

My next venture into the home business industry was even more eye opening. This was a program with a high ticket core product. It was a vacation travel package that cost over $3,000. The allure was that with just 12 people in your organization you’d earn 4 times that amount!

What should have been a clue though is we were trained to tell people that we invited to see the presentation that “I can’t tell you what it is, you just have to come and see.” if they asked what it was about. What’s interesting is that I saw people make thousands in that company in as little as a couple of weeks. They had people making 6 figures in their first year, but despite my best efforts, I still barely broke even on my initial investment.

Today, I’ve sworn off of doing business the old way, and that’s why I’m excited to share the 6 keys to home business success with you today, to hopefully save you some of the headaches and challenges I faced in the past.

Key #1 To Home Business Success
1) You need a product to sell that pays high commissions.

The first key to success in the home business industry is to find a product that pays high commissions. For the most part, the commissions paid out in the home business industry just aren’t high enough for someone to make a full time income from unless they’re able to recruit a small country into their downline. In fact, a few of my mentors had teams of 5,000-10,000 and were still only making a few thousand dollars a month, all while getting stuck on 3 way calls from dawn to the early morning every day.

Finding a product that pays 30-70% commissions will make a world of difference to your success in the home business industry. Better yet, is that the commissions will be paid out quickly, not weeks or months down the road. People want to see success early or they’ll end up quitting before they truly get started.

Key #2 To Home Business Success
2) Your product needs to be affordable to the masses.

The core product needs to be affordable to the masses. You will have far more success offering your products to people if they’re what my mentor calls “under the radar money”. This is a purchase that’s under about $200 that someone can make without causing a major fight over spending with their spouse. One of the big objections people get in the home business industry is “I have to speak to my wife/husband” which is really just an excuse. If your core product is only $25 to say $197 most people will be able to make that purchase themselves and not have to run it by their significant other.

Once someone makes that initial buying decision then your goal is to upgrade them to the highest level of products that makes sense to them. Notice I said makes sense to them. Your goal is not to sell the most products regardless of their circumstances. Your goal is to help them achieve their goals, and set them up with the level of products that will best help them achieve that.

Key #3 To Home Business Success
3) People need to be able to become profitable in 30 days or less.

One of the major reasons people fail in the home business industry is because they don’t see any wins in their first few weeks. To ensure longevity your home business system must enable people who plug in and apply the system to become profitable in 30 days or less. If people are able to become profitable quickly, they’ll become loyal customers for life. If not, they’ll quit and hop around from opportunity to opportunity looking for something that is.

Of course, not everyone will become profitable, because not everyone will even take the first step. It’s strange. People will sound all fired up and motivated, and then fall off the face of the planet and never even take the first step towards building a successful home business. It’s just human nature, and there’s nothing you can do about. Focus on helping the people who are in action.

Key #4 To Home Business Success
4) Your offering needs to include upsells and higher ticket items to enable someone to make the most amount of money in the least amount of time.

Having an affordable core product is great to enable people to get started, but earning $5 or $10 or even $50 isn’t life changing income. In order to create a truly successful home business you need to be able to earn higher ticket commissions.

Having the ability to sell $500, $1000, and even $3000 products is how you generate full time income with minimal effort. Making one or two sales of these types of products is how you go from making lunch money to making full time income doing part time work.

Key #5 To Home Business Success
5) The corporate videos need to convert on their own.

This is a big problem for much of the home business industry. People are drawn in by a compelling, charismatic presenter who has a way with words that just draws people in. The problem is, most people aren’t able to duplicate what their sponsor does or says, and gets rejected every time they try to “show the plan”.

Many companies have now produced DVD’s and video for their distributors to hand out, but even those don’t effectively convert viewers into buyers.

To be successful in the home business industry you need to have access to corporate videos that can do the telling and selling for you, so that anyone who gets started can just share the video with others and start seeing results. If the corporate videos aren’t effective in converting, then you won’t be successful either.

Key #6 To Home Business Success
6) Your offering needs to include marketing training to show people how to build their business beyond their friends and family.

Most of the home business industry teaches new people to make a list of their friends and family and to start reaching out to them and inviting them to a presentation. For starters, most people either won’t even make a list, or won’t bother contacting the people they put on the list. A small group of people will contact everyone on their list, and even still will only have a handful of the hundred or so they contact take them up on their offer.

Then the question becomes NOW WHAT? How do you continue to grow your business if you’ve already spoken to everyone you know, and only a few of them were interested? Go find new friends by wandering around Walmart asking people if they keep their business options open? I hope that’s not your plan.

You need to learn how to market so that people actually looking for what you have to offer come looking for you. Yes, it’s possible, and it’s called Attraction Marketing. If you’re in the home business industry and you’re not employing attraction marketing strategies as part of your daily actions you’re going to run out of people to talk to fast.

This isn’t the 70’s and 80’s anymore when no-one had heard of home businesses. Today, pretty much everyone has an experience in the industry, or knows someone who has. Sure those old strategies work, but not nearly as well as they once did, and they never worked as well as attraction marketing does.

So there you have the 6 Keys To Home Business Success. I hope you found the information valuable and would appreciate it if you could leave a comment below and let me know your thoughts.

How To Have Work From Home Business Success

Work from home business success is very much dependent on your attitude and perception. The better attitude you have and the better you can handle downfalls, the more likely you will be to find work from home business success. If you want to supplement your current job and work from home, you have unlimited options because internet based business is more prevalent than ever. Depending on the level of experience you have, it is possible to find opportunities as a writer, a graphic designer, a web consultant, online marketing, affiliate marketing and so much more.

Work from home business success can easily be achieved when you know what it will take to make it happen. There are all sorts of people on the internet who have achieved the type of home business success that you are only dreaming about. Your home business success and happiness are more about the process. It is really about who you become during the journey, and what you experience along the way.

Success will be yours if you make the right choices. There are a multitude of opportunities for your work from home business success. Your success is going to depend in large part on you knowing about yourself, your strengths, your weaknesses, your likes, your dislikes and, how you can use your present knowledge and talents.

Online business opportunities have brought riches to many people. The internet marketing niches are as varied as the people are on the planet, find the one that will earn your appreciation to fulfill your dream of making money online. Online business is simple but it’s not easy! You make money only if you devote time and effort.

Build your self esteem and encourage yourself. Don’t listen to nay-sayers who are afraid to give up a job they truly dislike. Building a multi level marketing business will allow you to provide financially for your family in a way that no job ever could. That’s because you can make as much money as you want.

Developing successful and strategic internet marketing services is an essential part of your successful online business. Developing a product or service in your own area of expertise is the single best way to create an online business. And the fact is, most people are “expert” at something.

You can have work from home business success if you are willing to learn all you can, be persistent, be determined, and never give up.

6 Tips To Help You Cultivate The Mindset That Will Boost Your Home Business Success

The one thing you must understand about becoming an entrepreneur is – this journey will not allow you to skip over the ups and downs contained within entrepreneurship as that builds character and strengthens the business long-term. So try not to fool yourself as most people do, by looking for short-cuts and magic bullets.

If you want wealth and freedom that lasts your entire lifetime, wealth that can proudly be passed on to coming generations, isn’t it best to take your time and establish a sturdy foundation?

This is why you need to cultivate the right mindset. A mindset programmed for success and prosperity, so that you can endure and remain strong as an entrepreneur.

No individual can succeed without the right mindset. The challenges you will face as you strive to draw out your home business success will require you to master your emotions and shift paradigms.

That’s when being productive and consistent will become easier and you’ll be able to maintain the right focus and start off on the right foot so-to-speak. It doesn’t really matter what kind of business or industry you’re serving, the fundamental laws of success never alter and neither does the creative process in nature.

Thus you shall find that as you cultivate and nurture your mind through the simple yet powerful ideas that we’ll be sharing, all your affairs will begin to transform and reshape in more ways than one.

Success is more than just great strategy and tactics

Most people think that to succeed as a home business owner all you need is great strategy. But great strategy given to a mind that’s not renewed and reset bears little to no results.

Others are of the opinion that simply buying a training program, joining a high-end mastermind or even starting that business is all you need and the results just appear automatically.

Freedom, increased income and a better quality of life are some of the benefits of choosing to become an entrepreneur but they certainly don’t come by default. You must consciously design them into your experience.

In the absence of a conscious design over your life and business, the old patterns continue to play out and manifest old undesirable conditions even if you buy the programs or start the business.

So I cannot emphasize enough the importance of learning to cultivate the right mindset. I hope these six tips will act as a starting point that will help you to manifest your home business success

Tip 1: Cure Yourself From This Entrepreneurial Disease

There’s a horrible disease that’s destroying and robbing people of their home business success. This disease infects aspiring entrepreneurs and causes them to delay the freedom based prosperous living that everyone deserves.

What is it? Becoming obsessed and distracted by every shiny object that catches your attention. Once you realise how important it is to use your creativity and talents, it’s easy to start seeing opportunity everywhere!

We are creative people and we see ideas that could be the next big thing in our world. The need to act on every idea, every opportunity could turn us into junkies if we are not cautious. Don’t go hopping from one business idea to the next because inasmuch as you can do anything and bring any desire to life – it’s vitally important that you see it through to the end.

If you want so manifest that home business success that will alter the quality of your life, keep things simple, focus on one idea at a time and train your mind to see things through. Learn to follow one course until you attain the level of success that fulfills you.

Tip 2: You Need To Have a Big Desire and Vision

As a self-made entrepreneur, you can’t afford to play around with mediocre goals, because by choosing this path you’ve already declared that you want to live life on your terms. So it’s time to stop playing the game of life like a miser and instead do it as a king or queen.

Let your life be driven by a burning desire for something wonderful, meaningful and impactful. Otherwise the challenges and what I call “character- building” days will knock you off your feet.

Distractions, procrastination, overwhelm, self-doubt, home chores and so many other things that demand your attention each day, will start to compete with your business success.

If however you’ve invested some time, money and effort in discovering your purpose, creating your vision and defining your truest desire, then your business will keep moving in an upward spiral that can only bear good fruit to you and others.

Tip 3: Create Your Support Structure And Surround Yourself With The Right People

Even though your home business success is entirely in your hands, you need a support structure that will strengthen you along the way. One of the laws of prosperity is the law of proximity. Who are you hanging out with? You will not step into prosperous living and greater freedom, if you’re hanging out with people who don’t even believe that’s possible.

That’s why as an entrepreneur you want to join a community whether offline or online that hosts like-minded people who are creating the same breakthroughs you desire to have. It will help your business and mindset greatly to have the right people surrounding you who genuinely care about your success.

Tip 4: Embrace Learning

You have to let go of any past experiences both good and bad. Go after your home business success full of curiosity, passion, excitement and a mind ready to learn.

This is perhaps one of the biggest gifts I bring to my life because I am forever a student first. I came into the business world with nothing but a burning desire and when I chose to become a digital entrepreneur and manifest my home business success, I had no idea how to do it! But I embraced the journey and saw it as a learning experience.

Every contact, connection, client and education that I received was an opportunity for me to create a masterpiece. That’s the best approach any entrepreneur can have in my opinion.

Often times having too much formal education robs you of this simplistic approach. So whether you’re a newbie, starting from scratch or a business guru already trying to grow your business, consider everything, even the mistakes you make as part of the learning experience that you need to produce that desired lifestyle.

Tip 5: Get Your Priorities Right

I know many people struggle with this one because as you may have realized so far, it’s not always easy working from home. Much of society still hasn’t caught up to this way of life. If you have small children then you have a lot more in your hands to deal with on a day-to-day basis and let’s face it, a lot of entrepreneurs struggle with loneliness.

That’s why you can’t afford to shut yourself down even if you’re just starting out. If family is important to you then get them in on this… Let them support and cheer you on as you grow your empire.

Be very clear with what you value, what’s important in your life and start now to design your business in such a way that those things do not get compromised. I know you hear a lot of gurus saying the opposite but I promise you, life is happening now – not in future! Design your lifestyle and business just as you wish it to become but start living it now as best you can, never neglecting the things you value. This will help keep you encouraged, supported, focused and on track no matter what.

Tip 6. Get Energized and Inspired Every day

Your choice to become a home business owner does not give you permission to neglect your state of being. If anything, you need to take more care of yourself now so you can have the necessary focus to remain productive.

Becoming an entrepreneur is no easy task, that’s why not everyone can do it. Most people wear themselves out because they miss out on this very tip. You want to ensure that each day you take on some kind of activity that boosts your energy levels. Physical exercises that you enjoy, mental exercises that resonate with you and spiritual practices that enable to you to access what I call the land of solutions.

If you don’t learn how to incorporate these three, it’s going to be pretty challenging to thrive and prosper. It’s one thing to speak of having the right mindset but an entirely different experience to actually renew your mind. The renewing of the mind is inevitable when one learns how to tap into the land of the solutions and to get energized.

You may choose to seek out temporary remedies such as coffee and other alternatives but if you seriously want to be a home business owner who manifests lasting wealth and freedom, learning the true and only path to transforming your mind is the best gift you can ever give yourself on this entrepreneurial journey.

How To Achieve Work From Home Business Success

Work from home business success is on millions of people’s minds every day, especially as the economy is showing continued signs of struggle and failure for millions of households every year. While millions of people who are struggling personally and financially often dream of having work from home success, there are few that are going to do what it takes to make their dreams become a reality.

Frequently you will have to choose between trying to establish your own business company, in whatever field you want, or to begin with, an affiliate home based business. Most people do not have the mindset to get started immediately with their own company with products and services so they turn to promoting an affiliate program and do very well.

No matter what avenue you choose, there will be some work to be done before you can enjoy the work at home business success that millions are dreaming about every day. But, to start a normal business, as you see from the streets, requires a great deal more commitment, upfront investment, risk and headaches.

In case that you do not have a new concept that can be successfully marketed, you are going to have to confront many competitors. Should you succeed, the prize can be worth your time and the effort but if you fail you could end up losing everything.

First of all, as an affiliate, you are advertising already made products that you do not need to manufacture yourself. Highly valued, good quality products, will definitely attract valued customers faster than new, unknown products. This greatly cuts down the time and cost of getting your work from home business up and running.

If for some reason your new business fails, as about 95% of them do in the first 5 years, your source of income will end. But, if you work from home as an affiliate marketer the risk is much smaller for you to lose your source of income. There are hundreds of affiliate programs to choose from.

You do not have to be concerned on how the business is performing in general, as long as it works well for you. And should the affiliate program you are promoting suddenly crash or close down, you just change some text and links and change to a different one.

Marketing Your Home Business

Advertising is one of the most critical steps in achieving your work from home business success. You must have a budget and plan for hiring an expert, creating a marketing campaign yourself, or using the tools and training provided by your company.

If you choose to work from home at affiliate marketing, the advertising is all that will be required from you. Most product or service owners provide advertising material for free because it is in their best interest to help you out.

Business Knowledge and Training

You will require a mentor and step-by-step training to start and run your business. This is going to require an upfront investment. But, if you desire to work for yourself, choosing an established work from home business model is the way to go. The majority of the upfront, hard work, is done for you, and you can concentrate on marketing and business building. You will then see work from home business success occur more quickly.

The 3 Top Secrets to Home Business Success

Having a home based business presents its own set of problems. Obviously this doesn’t mean there aren’t problems in other businesses. But the home based business owner has one big issue that is not always an issue in traditional business. Self-motivation. Bosses have a way of motivating their people. But you have no boss. If you are not able to make yourself get moving every day, home business success may not be in your future. What if you are able to motivate yourself to work but need some help with focus and direction?

1. Time Management

There are 3 skills every successful home based business owner has mastered. They are time management, defining a work time, and defining a workplace. Elsewhere in this blog there are 2 articles on time management. Starting a home based business begins with having a time management system. A good system will have more than the nuts & bolts of how to use an electronic or a paper system. The keys are purpose, passion, and prioritization. A good time management system will show you why this is important. If you are having trouble getting things done, I recommend you look for a good time management system.

2. Defining your work time

If you have a job, your work time is usually very specifically defined. For instance, you arrive at 8, you have an hour for lunch, and you leave at 5. Many people start a home based business to get away from the regimented hours of a job. But if you are in business at home, you have to work sometime, and you are not the only person who has to know when that is. Interruptions can ruin a schedule. Home business success can be derailed by too many interruptions. Especially if you have a family. Often your family will believe if Mom/Dad is home, they are available. Actually, you’re not. I know that spending more time with the family is another big reason for starting a home based business. But time freedom usually comes after you have built your business. So you must set aside the time – whenever it is – to get your work done. And everybody must understand that you are not to be disturbed during this time. It may even be that neighbors will have to know about this too.

3. Defining your work place

As important as work time is work place. Have you decided where your “office” will be? People have built successful businesses from any number of places. Just like you are very protective of your work time, you must be very protective of your work place. When you are “at the office”, you are not available for routine family issues. Here are some questions you will need to answer: How many computers do you have? Who needs computer access? What about internet access? Who will be affected by your home based business? If you have a student who needs to use the computer as well, how will you schedule this? Operating a home business without a computer is tough in the 21st century. If you have an MLM business using Attraction Marketing, you will be on the computer (and the phone) a great deal. And what about the phone? Do you need a phone dedicated to your business? Check out inexpensive VOIP options. All these affect place and time.

As you can see, allocation of resources can be an issue. It can affect your work time as well as your work place. Sacrifices may have to be made. It all comes down to a major cliché found in the MLM business. “Treat your business like a business”. Your own home based business is just as important as a job. The idea of home based business success must be taken seriously. If you do, you will be on a path to achieve your goals.