DEATH to Old School Home Based Business Practices – Preventing Failure By Knowing The Truth

Why do so many people fail at Home Based Businesses, Network Marketing, MLM and/or Direct Sales? In most cases, failure happens because fundamental truths or realities about what it takes to succeed are ignored or not known by the new Home Business owner.

Here’s 8 of the Big Truths or Realities that every aspiring Home Business Owner needs to know before they start their Home Business.

Why you start a Home Business will dramatically effect your success chances along with dozens of other factors, some within your control, some not. But for the purposes of this article lets assume you have found that “Can’t Miss” Opportunity; you’re excited; you’ve sent your money, here comes your millions right? Wrong!

There is much you must do to find success no matter what your background is going in to be successful. This article will explain some of the main reasons people fail. It by no means is the complete list, but be sure you understand these basics and are OK with the challenges ahead before you start that new Home Business … or don’t get started or signup!

Let’s put the TRUTH on the table … there is a very high failure rate in home businesses. Less than 2% actually find the financial freedom they seek (ie. The big money). Another 3% make some money, perhaps enough to earn a living. Everyone else strikes out.

Society looks at home business, and more in particular at Network Marketing or MLM as an almost less than noble way to earn a living. The truth is that many people have completely changed their lives in very positive ways in Network Marketing or MLM. However, the more frequent truth about MLM is that almost everyone fails.

It is the very few and highly publicized success stories (like mine) that bring people in droves looking for a low cost (low risk) path to riches. Behind every success story though is some serious work, experience, and the absence of the Failure modalities outlined herein.

The real questions is WHY do so many people not succeed? Why do so many people fail in home business?

It comes down to the fact that each and every person is different coming in. Take my case, I came to the home business arena with 17 years of mostly successful entrepreneurial experience. I negotiated deals, sweat payrolls on Fridays, traveled to get customers, lost big customers, etc. I ran the gauntlet of success long before I got in this industry.

So would it be fair to say that someone that is working at Home Depot can pull off what I did as fast as I did? Probably not? Does that mean that people without experience have no shot at success in Home Based Business? Not at all. It just means that they have obstacles to overcome which any successful entrepreneur and/or upper management individual already has overcome in their own careers and lives.

Here are 8 realities, hurdles, or obstacles that any and all successful entrepreneurs have jumped, and the reasons that so many people don’t make it in Home Based Business, Free Enterprise, Network Marketing, Direct Sales, MLM, and even small business.

Reality #1 – Lack of Mental Toughness
Many people entering free enterprise for the first time have no-clue as to what real mental toughness is. That’s why mindset training is so important to the new Home Business owner’s success. Acquire the mindset that you are going to do whatever it takes to succeed and you are way more likely to join the ranks of the successful. In fact I would almost guarantee that you’ll make it with this key mindset element.

Reality #2 – Choosing the Wrong Sponsor / Up line / Mentor
Un-Ethical Marketers are abound. Unfortunately, many Home Business marketers see their responsibility is to simply “show” someone the opportunity and get paid for just that. Here’s the typical line “if I could show you a way to accomplish your goals would you … [pay me]” is still widely used in network marketing sales pitches. (Not by this author).

If you break that sentence down, it clearly shows that the marketer expects to get paid for “introducing” the aspiring Home Business owner to the business, and nothing more.
Because of this, be sure you are going to work with the right person with the right opportunity. Your up line/sponsor should be able to give you references of happy customers that they are working with, not just Power 3-ways with Up line Sales Masters. The secret to big success in Networking Businesses is this team building and nurturing, and the Home Based entrepreneurs that are willing to make this commitment to adequate support in training for their teams are few and far between.

Reality #3 – Unrealistic Expectations
So many new business opportunity operators have fallen for the HYPE. They believe the “perfect” scenario or something close to it is going to happen to them. They are so excited, and think as soon as they start talking to people or they get their website up, money is just around the corner. After a week or two reality sets in. Within 30 – 60 days it will hit you … your success is going to take some effort. And in most cases it’s not anything wrong with your opportunity, it’s your lack of skills, focus, and/or effort. Go look at a mirror because the problem AND the solution are looking right back at you. (ouch)

Reality #4 – Lack of Focused Effort
Many new Home Business owners fall victim to the idea that as soon as they start their home business, they can start living the lifestyle of a successful home business operator. This is a business killer for sure.

I remember coaching a young man that enrolled in a high dollar Direct Sales Program who was coming to all of the training calls, and after 2 months he still was not in profits. I asked him how much prospecting he was doing and his reply was that he gets around to it a few days a week because he was living the “life style”. I then asked him if he was already rich, to which he said no, and he was starting to get worried about the fact that no money was coming in yet. Sounds incredible, but this is a true story.

The bottom line is that starting a business, any business takes big effort. It’s like you are starting to roll a huge boulder. You’re going to push at it, pull at it, then figure out how to move it a little, then eventually get it to roll, and once it starts rolling, well it’s not so hard to keep it rolling. That is the same with a Business. It takes great commitment of time and effort to start a Home Business, especially your first. Many of the most successful people in Home Business, or any type of business really, failed several times before they got it right. It took them a while to figure out how to make the boulder roll consistently.

Reality #5 – Lack of Adequate Funding
The costs to get started in a Home Business ranges from less than $ 100 on up to $ 25,000 or more. The key phrase here is “Get Started”. Those are just the entry costs. The reality is that unless you are going to build your business with “Warm Market” (the archaic MLM practice of selling to friends and family, whether they want to be sold to or not), you are going to need consistent funding for advertising and marketing expenses. No business can make it without customers and you have to acquire them to be successful; and that will likely cost some money. In some cases thousands of dollars.

The best prospects to have are targeted prospects, like those you can generate through expensive Pay Per Click Internet Advertising. The higher the sales price of the “products” you are selling, the more money you will need for marketing. Also, the less experience in “Selling” or “People Skills” you have, the more money you will need. Under funding is the #1 reason Businesses fail across the board.

Reality #6 – Lack of Business Knowledge
This is a huge factor in the Home Business failure rate. First, many Network Marketing companies pitch their “System” and how just plugging into this “System” is going make all of this money for you. The part they leave out is that YOU are the most important part of that system. Your sales/people skills is the lubricant for the machine in the system. In fact these skills are the most important part of that “System” and your ability to generate leads is the second most important part.

Keep in mind that most Home Business operators are coming from the 9-5 paycheck on Friday mentality, and not having to learn and do every aspect of running their business. They have to get used to doing work now, and not getting paid now for it, until perhaps much later. And of course they have to make those mistakes that create lessons, important lessons in the climb to success.

If you polled successful Home Business owners, you would find that they invested heavily in their personal development and tactical skills education in order to find success. In most cases these costs dwarf the costs of the initial startup cost in the business.

Reality #7 – Lack of True Commitment to Success.
Most people that drop out of their home businesses do so within the first 90 days. It doesn’t take long before the “Honeymoon” ends and the real work starts. The 9-5 mentality employee is not accustomed to an 80 hour or more work week, the kind of commitment it takes to get a business off the ground. When you are starting something new, giving it a complete focus effort is going to greatly enhance your chances of success while you are learning. In fact if you are doing it right, you will be in a major time compression mode, at least for the first few months.

For so many though, once they see that owning a business takes serious work, many re-consider … after they have invested a handsome amount of money. Many MLM’s know this and try to plug you for your warm market or get you to upgrade to the expensive packages fast, before you are most likely to quit.

Reality #8 – Up Line Support Can Vary Drastically
Big Home Business income earners like myself have figured out that providing Fortune 500 company caliber support and training is the key to success in building a highly leveraged and high income producing organization. However, most Home Business operators have not figured this out, and rely on their company to provide all training and support. This typically leaves some vacuums in the knowledge and wisdom department adding further to the challenge of the new Home Business Operator.

In summary, Home Based Free Enterprise is on the rise, and many Great opportunities continue to immerge. The Internet has made acquiring information about scams and dis-reputable businesses easy to find. There is a very Darwinian process that goes on because of the speed of communications over the Internet.

Don’t believe everything you read on the Internet though. Many posts have been placed there by competitors posing as ex-customers, trying to tear down their competition instead of building their own tower. If you are researching a particular sponsor, watch for patterns, and study testimonials.

And by all means ask for references.

So if you are contemplating starting a new Home Business, or you are already in one trying to figure things out, be sure you account for the 8 realities covered in this article. Are they they only challenges you will have? Absolutely not, but I believe they are the biggest and account for 80% of the failures of not more.

Home Based Free Enterprise is very rewarding, even if just for the education. Success will require that you take personal responsibility for your thoughts and actions. Since most people can’t or never will go borrow or risk hundreds of thousands of dollars to start a traditional business, Home Based Businesses is the only way for the masses to have even a shot at significantly improving the quality of their lives.

Is it worth the effort and risk? You have to decide that for yourself, but to this author, the rewards of success make the climb worth it.

Jim Rivas spent
17 years owning traditional businesses, mostly selling big ticket
technology solution products to Fortune 500 Companies before bursting on the Home Business Scene in late 2004. He knows the Secrets to Success. Can
you say 7 Figures per year? Jim can, and he can show you how too. Check
out JimRivas.com to see what Jim can do for
your income picture.

More Upgrade Home Articles

The Truth Behind Home Repair Grants | Understanding Home Repair Grants

There is many times when we notice that there are many damages in our home which needs to be fixed as soon as possible but most of the time it’s not possible for us to fix the problem due to our low funds but now it became possible tanks to governments home repair grants.

There are many people in the country who are really getting help from this kind of special grants from the US governments, among them old senior citizens, prisoners and people having low income are mainly targeted for these grants. The home repair grants are very helpful when the natural disaster like hurricane or tornado strikes the town.
The most important thing which should be remembered in case of home repair grants is that these are not loans which you have paid back. This is totally free of charge and easily available from the government if you qualify for the grants.

Many billionaires are also providing this kind of grants to the needy people.

To get your first home repair grant, visit you’re nearest government or the Department of House and Urban Development (HUD) for more detailed facts and information. Only the flawless applications are granted for a grant. So all you have to do is collect all the information and documents to prepare the applications and submit it and if you get lucky then you may be granted for free home repair finance. The required evidences are Address proofs and senior citizens proof. You must be careful that all the proofs are genuine.

Home repair grants are also being offered by private corporations and individuals. They assist to those who are having difficulties with their income. You’ll find them at your local chamber of commerce and local advertisements. Once you see them, get their phone number and contact address so that you can reach them.

For people who are handicapped, you are able to seek the web for on the internet sites which offer grants and funds alike. A quick look up on the significant search engines like Google and Yahoo will be the best long term option. Just certain you prevent scam internet sites, though.

For anyone who is having trouble with cash and you badly require a solid repair for your home, home repair grants are your friends.

Home repair grants are extremely vulnerable to predefined conditions. For more information and knowledge on the subject  visit Home Repair Grants.

Find More Repair Homes Articles

The Dirty Truth As Related To Home Improvement

Article by Awilda Hardeman

The Dirty Truth As Related To Home Improvement – Home

Search by Author, Title or Content

Article ContentAuthor NameArticle Title

Home
Submit Articles
Author Guidelines
Publisher Guidelines
Content Feeds
RSS Feeds
FAQ
Contact Us

Home improvement has been an attractive option for many. Many people add onto their house or upgrade it, while many people want to fix it up for cosmetic reasons. A home involves keeping everything up-to-date. This article provides information to help you decide what improvements are the most profitable and the easiest to finish.

When you are remodeling in the bathroom, you should have good lights. When it comes to bathroom remodeling projects, people tend to overlook the importance of lighting. Find lights that you can add around your mirror or medicine cabinet, and add ceiling lights that can easily be replaced should the bulb die out.

If you’re working with sheetrock, buy a stainless steel taping knife. Purchasing a high quality knife for your project can be well worth the investment because it is more efficient to use, cleans easily and will last for years to come. It will never be necessary for you to purchase another taping knife if you purchase one that is made of stainless steel, and you maintain and store it correctly.

If you want new kitchen cabinets but money is tight, have them re-faced instead. It can be pretty expensive to replace all the cabinets in your kitchen. However, you can replace the cabinet’s fronts for a much smaller price. This will provide you with the bright new appearance you want and save you a lot of money too.

You can increase your home’s value by adding on a porch. Visitors’ eyes are immediately drawn to this area. Spruce up your door with a coat of paint, then add impact with colorful potted plants or a decorative lantern. Your home’s value can increase beyond it’s initial offer. Even the smallest changes and updates can produce the most significant effects.

It is important that you trust what your contractor tells you. Since you have put the necessary work into finding a reputable and trustworthy contractor, you can probably count on the fact that his advice is reliable. If a contractor warns you that something will not look right, you will want to listen. If he states it will cost too much, it will. Listen to what your contractor tells you.

You can change the appearance of your appliances in the kitchen more affordably than you might think. Stainless steel is popular right now, but that doesn’t mean you should replace all of your appliances. It is possible to purchase appliance spray paint for a very reasonable price, and paint the appliances whatever color you so desire. Appliance paint can update you kitchen quickly and easily.

Don’t overlook your energy use as an area that can be improved upon. Rather than plugging in all your electronic items, get a power strip. With a power strip, you can easily turn off, and back on, the power to all of your electronics. When your power tools are not in use, they will not be wasting your electricity by being plugged in.

Home improvement projects are quite popular for many reasons. There’s always work to do around the house. Use the advice in this article to determine which home improvement projects are suitable for your skill level.

About the Author

Hi everyone i just wanted to leave a quick message that this website is really amazing! There is so much information on here its unbelievable I hope i can add to the content by talking about interior house painters as there really is a lot of them out there and some of them can do amazing jobs for the price you pay.

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

Awilda Hardeman



RSS Feed


Report Article


Publish Article


Print Article


Add to Favorites

Article Directory
About
FAQ
Contact Us
Advanced Search
Privacy Statement
Disclaimer

GoArticles.com

The Truth About Home Improvement Loans

Article by Tripp Taylor

Are you planning to stay in your home for a long time, but you aren’t quite satisfied with the look of your home? Do you think your home could use new cabinets in the kitchen? Perhaps your house needs a new roof or new carpets? Or maybe you think your house needs a new bathroom? If you are thinking like this in anyway, you probably need to look into home improvement loans. Home improvement loans are what people use to make improvements such as these to their home. If you are unsure about this subject, there are some things you should know. Please continue to read for the truth about home improvement loans.

Most home improvement loans are often FHA loans that are commonly insured because they are used to improve a home or rehabilitate it so it revitalizes it in an aging neighborhood. In essence, home improvements are seen as a good thing where lenders are concerned. But home improvement loans can be costly. Most home improvement loans are done through a home equity line of credit or home equity loans. Some are even done with a second mortgage. This, in reality, costs people a lot more money. When you get your home improvement loans in this manner, you are actually getting the money from your equity… money you have already put towards paying off the house. This means you are basically starting all over and paying for the house all over again.

There are many factors to consider when you search for a lender to get the home improvement loans from. Before you start, make sure your credit score is as good as it can possibly be. Next, when getting home improvement loans, try to search for the one with a low fixed rate. Variable rates tend to change quite often and thus cost people more money in the end. Also, when searching for home improvement loans, look into the ones that will get you the cash when you need it. Some lenders take an awfully long time to get you the money you are asking for. Lastly, when looking for home improvement loans, search for the ones with the best deals. Some lenders offer no appraisal fees and no lender fees. This will in turn save you a bit of money.

This is some of the important things you need to know when you decide to look into home improvement loans. You want to make your home beautiful, but be sure you do it in the cheapest manner possible. With careful research, you should be able to find the right home improvement loan for you that will save you money in the end. You can then look forward to having a lovely home!

Tripp Taylor offers expert advice and great tips regarding all aspects concerning Loans.Get the information you are seeking now by visiting http://www.loanscentral.info










Related Home Improvement Articles

Truth About Home Improvements

It is for a fact that we want our own house to have all the things that can make our lives much easier. More comfortable lifestyle can be achieved through improving one’s house. Home improvements are commonly done by most people at the present and renovation as well as remodeling is just few ways to improve someone’s house. In the succeeding paragraphs, you will learn why people opt to improve their homes.

To make the house more spacious and to have additional room in the house is one of the primary reasons why people their houses. As what others believe, improving the walk path and repainting the whole house can increase the cost of the property. Home repairs, replacement and maintenance are also reasons why people alter their homes. People also install advanced devices to improve the safety of the house.

When talking about home improvement this includes constructing a new room on the top of the old house, changing the basement space to something more useful and also adding a small room at the back part of the house.

Installing of flooring, sliding doors and patio are just some major home remodeling activities.

A house can be improved in so many ways hence the cost for improvement cannot be determined. Moreover, the cost also varies from state to state and of different countries. It is for a fact that improving one’s home can be expensive that is why many people opt to make the small repairs of the house on their own. Home improvement cost also varies depending on what type of structure you will be adding to your house.

Some of the average modifications of the house is adding an island in the kitchen if it has enough space and constructing a pond in the garden. Aside for improving your house, these things can also increase its value. If it suits the budget, you can also construct a pool in your backyard and installing a sprinkler system in your lawn. For safety, you can also install different security equipment in your own house.

These are few things you can make to improve your house. Simply remember to set your priority first and save for the renovations for this can require a large amount of money.

Jeannie Yiu also writes articles on square wall clock. See her most recent write-up about the musical wall clock here.