Monthly Archives: August 2017

Having a Home Based Business

Owning a home-based business can be a fun and exciting experience. It can also be a difficult and challenging type of business to find success in. It can be very lucrative or it can be very stressful in addition to a complete loss of money!

In this review we will look at the advantages and disadvantages of owning and operating a business like this as well as if it is a good idea to do or not. If you are interested in making a substantial amount of income working for yourself, it could be a terrific idea. However, if you are interested in making a steady paycheck working under someone else to make their dream come true, you may want to stay away from owning and building a Home-Based Business.

The Advantages

There are tons of advantages to starting, owning, and building your own business from home. Advantages include job security, financial freedom, being your own boss, less risk, more opportunities and much more!

    1. Job Security: The problem with a traditional job is there isn’t any job security. At any second, that job could end. Even if you work for a multi-million dollar company, there is always that chance that somebody in the corporate office could make a mistake leading to the loss of your job and many others or the entire business crumbling. They may have to lay you off due to loss of profits. Or, in some cases, your job could be entirely replaced by machines. If you start, own, and build your own home-business, you have absolute job security. In order to succeed with your business, you must have the education and understanding of how the business works in order for it to grow. Therefore, is something happens and your business crashes, you can simply open another one in the same 24 hours.
    1. Financial Freedom: Passive or residual incomes are types of income streams you will be able to create from owning your own home-business. Passive incomes, meaning you don’t have to work eight hours, five days a week, in order to earn a paycheck. Residual incomes, meaning you do the work once and correctly and you could be earning paycheck after paycheck even 5 years down the road. By achieving these two types of income streams you are able to then spend more time with your friends and family or go on vacation whenever you choose.
    1. Being Your Own Boss: If you own your own home-based business, nobody is going to tell you when you need to work; there is no type of deadline on a certain assignment. You’re not going to fire yourself due to not accomplishing a certain task. You set the hours, you set the deadlines, you set the workload, and the best part is there is absolutely no penalty for not completing these things.
    1. Less Risk: This mainly relates to a comparison level of owning a traditional business to a home-business. Generally speaking, a traditional business requires a large start-up cost while a home-business requires a much smaller one. However, all businesses have a start-up cost. A home-based business has much less risk because you’re not using that much money to get the business started and as mentioned before, if your business crumbles it will be much easier to start another one and try again.
  1. More Opportunities: When owning a home-based business, the sky’s the limit. You are the only deciding factor of your growth. If you decide you only want to work for two hours, two times a week, you probably won’t experience much growth. However, if you treat it like the legitimate business and income opportunity that it is, you will be able to experience significant growth and promotion. You could go from making an annual income of $36,000 a year to $76,000 the next year. If you stay on the same path of growth and stay consistent, depending on your business, you could experience a $150,000 annual income the next year.

Keep in mind, there are plenty more advantages to owning and operating your own home-based business but these are five that I found to be the most important rewards or benefits to in relation to making money for yourself.

The Disadvantages

    1. More Stress: You solely determine the success or failure of your business. You handle everything from top to bottom. When there is a problem, you are the one who has to fix that problem. However, when there is a success, you are the one who reaps the rewards. Hypothetically, if there are 12 problems in which occur in one year, you have to fix them all. Therefore, you have to accept all the headaches and stress of your own failures or problems in addition to accepting the headaches that come with scourging to find a solution.
    1. More Challenges and Difficulties: As mentioned before, generally when you are an employee of a traditional business you have an entire team to work with you and help out during almost any circumstance. However, when you own your own home-based business, you are the only employee. You are your OWN employee in addition to being your own BOSS. You have nobody else to blame but yourself for failures or not accomplishing a goal or deadline that you set for yourself. Get used to frustration. Frustration is sometimes needed in order to achieve personal growth.
    1. Working Alone: Sometimes a traditional job with a company is great because when a huge problem occurs, you have the ability to work with a team to find a solution and fix the problem. However, when owning your own home-based business, it’s you and you only! You must take the time out and accept all the headaches of finding a solution, which can be extremely difficult at times.
    1. Distractions: When owning a home-based business you could easily be generating $7,000 a month of pure profit. Even with that type of income, you will be working at home! Therefore, friends and family tend to think you do absolutely nothing! As silly as it may seem, it happens! So don’t be surprised if your friends or family stop by unexpectedly to “hang out”. They don’t see the work you do, so in their mind, they think you don’t work. It’s important to remind your friends or family that when it’s time for work, It Is Time For WORK!
  1. Procrastination: As mentioned before, nobody is going to tell you that you need to complete a certain assignment at a specific time. You are your own boss. You have to be self-disciplined and self-motivated to get things done! Generally, with a home-based business that’s the most important part. Education and information is, of course, very important. However, finalizing the work day in and day in is the absolute most important aspect of a home-based business. You have to wake up each and every morning ready to go with no delays!

To Conclude

Owning, starting, and building a business like this can be a very exciting and lucrative thing to do. However, it can come with many difficulties and challenges. You have to have the education and information in addition to being self-disciplined and self-motivated.

There are plenty of advantages but there are also plenty of disadvantages, it is up to you to decide if the advantages out-weigh the disadvantages. Owning a home-based business and being an entrepreneur from home can be one of the most difficult but rewarding things to do, but your success is solely up to you!

Connect with Dustin Hale on Tumblr for a Free Review over a different Network Marketing company or traditional company.

Also, be sure to learn about an opportunity that delivers real results, and fast! Starting out at $1,500 per week!

I am going to work with you one-on-one to achieve this goal and teach you how to grow your business even bigger to surpass $1,500 a week to any digit you desire!

5 Keys to Success in Living a Business

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.

7 New Year’s Resolutions for your Online Business

At the beginning of a new year we tend to contemplate our lives and try to find a way to improve our situation. We set goals and make a promise to ourselves to achieve these goals.

The same should be done with our business. We need to take some time to look over the last year to see how we can improve our business performance. What goals can we set for our business that will result in growth and improved results?

Here are some New Year’s resolution ideas for your online business growth and success.

1. Refine Your Social Media – Social media is a very important marketing tactic for today’s online business but it can be very time-consuming. You need to set a schedule for your social media participation. Use tools like Hootsuite, Buffer and TweetDeck. They can help you free up time that is needed for other tasks. Allow so much time per day for your social media activity. These sites can become addictive and can cause us to neglect other areas of our marketing and business management.

2. Learn New Skills – The many areas and facets of owning and running an online business can be very overwhelming. The techniques, tools and formats are constantly evolving. We need to always be learning and never settle into a routine with our online business. There are tons of resources online that can help you keep up with the ever-changing internet business world. HubSpot Academy is a great place to start. You can also try Moz for search engine optimization, LearnVest to help you manage your business finds and countless quality blogs to help teach you the newest and most productive marketing trends.

3. Get a Grip on Your Finances – If you do your own money management and record keeping for your business, be sure to analyze and plan accordingly. There are some great software programs to help you keep meticulous records of your business funds. A good example would be Quickbooks or Quicken. You need to know where your funds are going and if you should keep them going in that direction. Go over your advertising budget. Are you getting the results needed? Should you go down other avenues with your advertising budget? What are your regular expenses and are all of these expenses necessary or productive to your business? You need to go over all these questions and more to see if you are delegating your funds for maximum results.

4. Analyze Your Marketing Tactics – As above with your finances, you need to analyze all aspects of your marketing plan. Are your methods yielding the results you expected or needed? What tactics are working and which ones are not? Some techniques might need to be upgraded or even terminated.

5. Revitalize Your Business Plan – With all the new trends and innovations you might need to update your business plan. Go over the plan in detail and reconnect with your goals and aspirations.

6. Commit to Superior Customer Service – Customers are the lifeblood of a business. You cannot survive without them so why would you neglect them. Make it a priority to streamline your customer service and give your customer’s the utmost attention and care. Focus on their needs and providing the solutions to their problems. It is a sad fact that customer service is dying. Let’s bring it back to life!

7. Diagnose and Resolve Website Problems – Go over your website from a visitor or customer’s point of view. Clean it up, tweak the landing pages or ordering process, or upgrade your call to action. Find any obstructions and take care of them. Make your website the best it can be.

Taking all the above steps will help you and your business become alive again. As with personal relationships, your relationship with your business can become old and stale. Don’ allow this to happen.

The business world as is our personal world is always changing and evolving. Keeping up with these changes takes determination and persistence. But you can set those goals and attain them. Make that resolution and commit to keeping it. You and your business will be better for it.

 

What Makes Your Business Successful?

As a business owner, you’re probably running into all sorts of issues when it comes to how to run and manage your business. These issues all have to do with ethics and what you know that you should do to insure that the business meets the wants and needs of your customers. However, sometimes, it isn’t as clear and concrete as we would like for it to be and if that’s the case, more often than not, we end up doing things without realizing that we’re actually hurting our businesses.

Many business owners get tricked into doing things that are for the better sake of the word, not too ethical. However, the lines between being honest and ethical are blurred and that’s when many misunderstandings happen and things can get out of hand very quickly if you’re not watchful and observant. That is why as a business owner, it is up to you to make sure that the practices that you have in your business are honest and ethical at all times.

Again, this is easier said than done because of the fact that if the business has many moving parts, then that also means that there are many different practices and such that you need to have a handle on to insure a successful business. Policies, regulations and rules are all a part of insuring that the business runs ethically. It is these guidelines, rules and regulations that will help to guide the business in such a way that it continues to provide the customer exactly what they want and need at all times.

Everything from human resources, customer support, product fulfillment and so on are all a part of the many moving parts of the business, and as such, each of these moving parts must have their own code of ethics in which to follow.

We have all heard the saying, “Honesty is the best policy.” Well this saying is so very true, and it is the first rule of business. If you apply this phrase to your business, then when you manage each of its moving parts, this principle will insure that the business runs smoothly. However, what ends up happening is that business owners learn of the most recent technique or strategy that is supposed to bring the business huge profits and then they begin to use that technique only to realize later on that it is dishonest and deceptive. This is where the lines really become blurred because even though the technique or strategy in question doesn’t seem to be deceptive, the truth comes out when you discover that either your customer base is getting smaller, or they’re simply not buying from you like they used to in the past.

That is why it is so vitally important that before you use any new technique or strategy in your business that you first study it well and go over it with a fine tooth comb to insure that everything about it is honest and ethical. This might mean doing some research on the technique to see how it is being applied in other business models, and even talk to other entrepreneurs who are using the technique or strategy to find out from them how it is working in their businesses firsthand. Then and only then will you have a clear picture and you can decide whether or not to use the technique or strategy.

No matter how appealing something might be and no matter how much money someone claims that they’re making from using one particular technique or strategy, you should investigate it first to insure that the claims that are made are actually true. The last thing that you want to do is to use something that will cause your business to become tainted with bad business practices in the hope of making more money. This is where greed steps in because all business owners do want to make more money, but the question is; is it really worth it to use a technique or strategy that is less than ethical?

This is a question that you must constantly ask yourself when confronted with a new way of doing things in your business. This is why running and managing a business is so difficult to do, and most people don’t realize it. They’re misled by people who teach them that Internet business is really easy to do. What should matter most is your customers because without customers, then you don’t have a business at all.

More often than not, ethics is thrown out the window and replaced with greed and deception in the hope of making more money for the ones at the top. Greed even trickles down through the different levels of the business affecting all of its employees and staff members. If it is bad enough, it can even cause the breakup of the business. This has happened to many businesses in the past, and it has even happened to huge corporations who have ended up on the news because of the issues facing them concerning greed and deception.

Sure you want to make as much money as humanly possible, but if ethics are thrown out in order to get that money, then is it really worth it? Is it really worth ruining your reputation just to make more money quickly? Is it really worth it even at the expense of your employees and your customer base? Are you willing to make that sacrifice? That is the question that you must ask yourself if you’re thinking about doing something that is less than ethical in your business.

The road to business success is a long and dangerous road that has many deceiving things along the way that you must be on the watch for. That is why you should remain smart and don’t get wound up in using techniques or strategies that are less than ethical. Remember, honesty is the best policy, and that is a statement that you can take straight to the bank!

If you would like to learn more on how to build a business that is both honest and ethical, then check out the brand new report entitled, The Truth Is Out.