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The Eyes Have It ...See How To Avoid the Pitfalls of Starting a Work From Home Business
Written by: Midge HandArticle Overview: There are thousands of business opportunities online and if you are trying to find your way through the plethora of offers you will need to use your eyes wisely to sift out what is genuine and what is fake. Every genuine business opportunity, be it a traditional brick and mortar business, or a work from home online business will have some start up costs. You cannot expect to start any kind of business without some investment - this is normal and to be expected. There will also be ongoing costs associated with your business, so do your homework thoroughly, get all the information you can, ask about ongoing costs up front so you know exactly what it is you will need. This way there will be no surprises, no disappointments and you can factor these costs into your budget for your new business.
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Free Download - Internet Based Home Business – Is this a good time to start? By Midge Hand |
The Eyes Have It ...See How To Avoid the Pitfalls of Starting a Work From Home Business
What you see is what you get? How often have you heard someone say that? What does it mean and is it true?
If you relate it to the world of business, then most often it does mean, what you see IS what you get. Anything that offers giveaway prices, cheap businesses for sale, or stuff heavily discounted, comes with its own price, albeit a little bit further down the track. It it's a brick and mortar business you are looking to buy, there will be a reason it's going cheap, i.e owner can't pay the rent, shop is located in low foot traffic area, business can't afford to advertise, several lean seasons prior to recession resulting in lack of business, no fat in the business because the income only just covers the overheads, plus a whole host of other legitimate and valid reasons.
If it's stock that's offered at rock bottom prices, you can be sure it will be discounted for a reason, it's either out of fashion, out of season, has been replaced by something bigger and better, it's the wrong colour, it's old, out of date, etc. etc.
BEWARE OF CHEAP - it's a ploy designed to get you sucked into something cheap now, but there will be pay-backs later. If you buy cheap, chances are that you're a sucker for a bargain and always on the lookout for another cheap deal without any subsance or sustainability. Think about it..if setting up a business was really that cheap, wouldn't eveyone be doing it?
And, if you are looking at a home based business the same rules apply. When you are looking around the home based business industry, you will be bombarded on a daily basis by people offering to give you free stuff that will make you thousands overnight (just see the proof from their bank accounts)!! They will try to convince you (and will succeed) that your business sucks, and why you should quit yours and join theirs - as they have the magic formula for making thousands, over night!!
As a newbie online marketer, working in the home based industry, it is tempting to dive into these long winded landing pages and with all the information out there, it can be very distracting, you can waste a lot of time looking for something that doesn't exist. Because, what you see, is not necessarily what you get. Sure, you can get into a home based business for less than $47.00 (or even less if a live agent comes online and offers you a discount for the next 24 hours - only)!! but once you have bought your e-book and 12 CD's you will then need to spend more money on advertising, either on google or yahoo. And there is nothing wrong with that... The person selling you this e-information has obviously sent a lot of time and money learning this stuff and is now asking you to pay a small price for his expertise and years of internet marketing expertise.
But, why is it that they don't tell you about these ongoing costs upfront when you sign up for their home based business opportunity? Is it because no-one would sign up if they knew there were ongoing costs? But, why wouldn't there be? How can you possibly think you can start a business, whether it be a traditional brick and mortar business or an online business working from home without any sort of investment? With the traditional type of business you will need to think about stock, rent, shop security, leases, staff, holidays, sick pay, capital tax, insurance, overheads as well as working 60 hours plus a week.
And now, consider the advantages of running your own online home business - you will eliminate all of these:
the daily commute
corporate wardrobe (I even work in my PJ's sometimes)
office politics
transport costs
putting your kids in day care
corporate stress that results in chronic illness later in life
four weeks mandatory holidays annually, same old, same old
But the best thing about a home based online business is you have the opportunity to make more money in one year that you would make in five years at a traditional job.
So, when you do your research to start your online business working from home, think about what you are doing. Like a traditional business, you will need to be in it for the long haul, you will need all the same requirements as you do for the corner shop, i.e. commitment, dedication, hard work, focus, passion and lots more...but I can guarantee you one thing, you won't work 60 hours plus a week for the rest of your life, your kids will grow up knowing who you are, you will get to spend quality time with family, you will get to have holidays when you want them, you will meet like-minded people who will be your friends and mentors for life and offer you amazing support, you will live a longer, healthier, happier life with the financial freedom to do whatever you want with your life. What other job offers you this in such a short time?
I recently signed up a person who wanted to come into my business. When I explained the registration process and the initial investment of $60.50 - she ran away. I wondered at this point how anyone could possibly think they could start a business without spending any money! She was sure she could find a work from home based business that didn't cost anything...If they exist at all, wouldn't everyone be signing up?
Use your discretion, do your research, investigate the company, make sure there is a training programme in place and of course back up support for you. Use your eyes to see beyond the obvious, because what you see is not always what you get...
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Referred by: http://www.mikemorganblog.com
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About the Author: Midge Hand RSS for Midge's articles - Visit Midge's website  Internet based home business is now recognised as the international growth area in wealth creation. Midge Hand and husband Mike Morgan are entrepreneurs, mentors, coaches and marketing strategists specializing in teaching 100% free internet marketing techniques to their international team. They use a cutting edge business model and marketing system which is generating incredible success for thousands of people around the world. To find out about the business model and marketing system they use visit http://www.mikeandmidge.com For more information about Midge visit http://www.meetmidgehand.com Click here to visit Midge's website   Can you imagine yourself a millionaire in your home based online business Home Based MLM Business Why do 97 of people fail The Number One secret for success in your home based business How self talk can account for 90 of your success in your home based business What are most of the worlds population lying awake at night worry about Health and Finances |
Related Forum Posts
Try wikipedia.com for more information
- That depends what type of business you are involved in. Maybe if you share that, we can help you a little better.
I work mostly in the Work at Home industry so my advice would only be along those lines.
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
Re: How do you budget your life?
- Here is my financial management categories for today:
15% Long Term Savings;
10% Home Expenses;
45% Business and Marketing charges;
10% Friends (Meeting);
20$ Scientific and Law Books.
But this will change when it is August or September.
Orxan
Business Innovation
- Hi Simon
If you can finish off the Business Plan and think about your strategic direction or how you are going to use your product to convince people it's a great idea, it will set the foundation for your programming project. You see, when you are looking for funding you will need a Business Plan and Strategic Plan that will convince companies to invest into your new idea.
Has anyone achieved this idea before using another industry besides health and fitness that you know of?
You should also design some mockups as a "preview" for your programming project. This will also help reduce your programming costs as everyone will know exactly what you want if you have detailed mockups already completed including any functionality you require.
Starting mockups for websites and software applications on paper is the best way if you're not a guru in graphic editing software.
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
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