subject: Can Anyone Be Successful In The Home Business Industry? They Can With These 3 Essential Keys... [print this page] In these current economic times, more and more people are looking for ways to either earn extra income or replace an income that they lost. Starting a home business is a great way to make extra income or even a full time income if done right. Sadly though, around 97% of home business never see any success. There are many variables that go into ones success or failure in a home business but almost all successful home business entrepreneur's have have a few essential keys to their success. Without these, you are almost certian to fail.
1. Without The Right Mindset, You Are Almost Setting Yourself Up For Failure
I work on personal development for 1 hour EVERY DAY! I do this by reading books and listening to audio such as "Think and Grow Rich" by Napoleon Hill, "The Secret" by Rhonda Byrne, "How To Win Friends And Influence People" by Dale Carnegie, and many many books by Jim Rohn. I honestly credit 100% of my success to personal development. Without this, you will fail in ANY home business opportunity. I can tell you from experience, that every successful home business entrepreneur works on their mind and studies personal development just as much, if not more than their business. With the right mindset and attitude, you can be unstoppable in any home business.
2. Start Up Cost... Why it is so Important to Your Success
Most people looking to start a home business don't have a lot of money to invest. You want to make sure whatever opportunity that you decide is for you, is affordable for the average person. For example, you might find a really good program that has a start up cost of $500 and you may be able to afford that but the average person cannot. A progam with a start up of $25 - $100 is more affordable for the average person thus will be easier to market. I always look at the cost before I join any new home business opportunity. If I think it is affordable to most people and I will be able to market it, I usually join.
3. Finding Good Mentorship Through A Good Sponsor
So your new business is up and running and now what? Marketing and advertising are vital to your new business but for someone new they are stranded. This is one of the biggest problems in the industry. Where do I advertise? How much do I invest? How can I advertise for little or no cost? What works and what doesn't? This can be a very long and expensive learning curve if you go at by yourself but how do you fix this problem?
You need a good sponsor and mentor. Someone who is already successful in the home business industry and the particular program you are joining. A good sponsor will provide you with a road map, a direct path, a step-by-step action plan to follow that is proven to create massive success. Duplication = Success. If your sponsor knows what to do and how to do it and you copy what he/she has already done, you will acheive the same success. That eliminates the learning curve.
With a great mindset and a little bit of effort, you can realistically change your life and experience true financial freedom with a home business. Your success will depend on many factors but in my opinion, these 3 keys are the most vital.
by: Frank Caparso
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