How To Fail At A Home Based Business
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There are many home based business opportunities. Some of them are internet related and some are not. You can start something out of your own imagination. Or you can order a plug-n-play system from somebody else.
I want to tell you about a home based business and why I failed at it. It's because I had unrealistic expectations. I dreamed about being my own boss and quitting my day job. I came across an opportunity that seemed too good to be true. And it was. Don't get me wrong. This opportunity was legitimate and a lot of people have made a lot of money with it.
My problem is that I got so overwhelmed with the potential that I didn't pay attention to the details. I saw that I could make really big money and that's all I saw. In the back of my mind I knew that I would not enjoy the work required to make this business a success. But I just kept looking at the dollar signs. I kept telling myself that I could do something that I wasn't comfortable doing if it meant becoming rich.
You see, I'm not comfortable with person to person sales. This job required that I make face to face sales. It required that I run advertising to promote my business. It then required that I make numerous phone calls to sell my product and build a down-line.
I spent a tremendous amount of money on advertising. And I got a lot of results. But each result required that I call the person and try to make a sale. I was so uncomfortable making these calls. I would spend several hours making the calls and by the time I was done, I would be so stressed out that I couldn't relax. It got to where I couldn't sleep at night. Eventually I got so stressed that I stopped making the calls. All of the advertising amounted to a huge loss because I was unable to follow up on the leads.
Here are some important points for you to follow if you want to succeed.
- Examine the business opportunity and be realistic. If the job is going to require you to take actions that you are uncomfortable with, then you won't succeed.
- Ignore the $ and pick something you like doing. If you don't like what you are doing, you won't succeed.
- Stay within your personal potential. Just because John Doe makes $1000 a week doing a business from home doesn't mean you will. It takes different kinds of people to do different things. Not everybody can succeed at the same thing.
- Stick with a budget. Don't let somebody else talk you into spending more money then you can afford.
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