10 on the Home Business Richter Scale!

December 29th, 2008 | 2 Comments |

Looking to start a home based business? Is this your first time or have you tried something in the past?
Did it work for you? If so, what happened and why are you looking again? How do you know if you have found a home based business that is going to be profitable for you? How do you know if it is actually going to work before you jump into it? How can you know that you will do all that it takes to create the success you desire through this new home business of yours?

Here is an interesting fact: Thousands of people start a home based business every single day! Thousands! That is a huge number. How many of them actually experience the success they desire? How many of them can actually make a living at what they do? To tell you the truth, I have no idea what the actual stats are, but I can tell you that most home business owners are not able to support themselves without some other source of income. Many people quit before they even get into profit and this isn’t just true for a home based business, this is true for all businesses.

The only way to fail, in a home based business, is to quit. Why, because you can do it on your own time. You can work the business around your schedule until you are profitable. But, there are traits to look for in finding a successful home based business opportunity to start. Allow me give you some guidance:

  1. Who is paid first, you or the wholesale company? Make sure it is you!
  2. Do you have to stock inventory or pre-purchase your product? Make sure this one is a big fat no! There are home businesses out there that will ship, stock, do customer service for you and all you do is collect the profit!
  3. Is it MLM? Now this is up to you, but know this, those you assist in signing up into the business will never make as much money as you do. Normally, the commissions are small, you have to stock and warehouse products and you have monthly quotas to meet. However, they are residual.
  4. Are you choosing your home business to have the product or to make some money? Please, please, please say to make money! You go into business to make money. The product is the way to make money and most products are outstanding. Keep your focus!
  5. Large commissions! Do you want to sell your product to half the world before you are profitable or would you like to do less work, sell a few, and make more money. Enough said!
  6. SYSTEM! Is there a turnkey system in place that you can follow? This is a must. More people fail when there is no system to follow!
  7. Look for the success the business opportunity has had. This is a big one. If you are looking for fault, you are sure to find it, even in paradise! Every, I repeat, every successful business has someone talking negative about it or trying to get a freebie. I mean Walmart is sued every half hour! DO NOT base your decision to get started in or not to get started in a business because of what people say in negativity forums. There are two classes of people who fail, those who fail and blame others and those who fail and take personal responsibility for their own actions. The ones who blame others are the comments you read on forums! The ones who take personal responsibility will one day succeed and the ones who are successful, are the ones still working their home business. Talk to two or more of them and ignore the failures.
  8. Go on your “gut feeling.” The best way to make a decision is by following your heart! The head will just get in the way. Starting a business is about chance, confidence in yourself, and risk. You can’t rely on logic for that. It is about you! Can you succeed? Do your research and jump in with both feet!

Home based businesses are creating millionaires and there is no difference between you and those who haveĀ  already done it. Well, I guess there is one, time!

David Allred is the author and creator of CFW. David has been teaching entrepreneur minded people how to earn a full time income working from the comfort of home for nearly a decade.

Think about it. Never miss your kids’ events, set your own schedule, choose your own income and enjoy a lifestyle and income which most people only drool over!

Be sure to connect with David Allred on Google+, Facebook and everywhere else!

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