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EVERYDAY THERE ARE THOUSANDS UPON THOUSANDS OF PEOPLE looking to start a home-based business. In addition, there are hundreds more who start a work at home business and then fail miserably. Why? It is because they fail to see that the business opportunity was not viable and junk to begin with! Can this trap be avoided? Yes, if people learn to target the gems and reject the scams. Let’s discover the top five reasons why many home-based businesses will never work.

Problem #1: Most new opportunities are totally unproven. The fact is many of the opportunities are too new! The market for the products and services is not well-established yet. Usually, the only people who get rich with these opportunities are wealthy Fortune 500 companies that have tons of money to spend anyway. Opportunities that are too new are too risky! It is important to let others who can afford it pave the way.

Problem #2: Most of the money-making methods are the same old boring plans and programs. Many opportunities claim to be new and innovative, but really are not. Some look new, but in reality are only a facade! With a little research, you will see that there is nothing “new” at all about them. What is important is to get involved in an opportunity that is new, different and better than others, is rock solid, and is linked to the hottest emerging moneymaking trends.

Problem #3: Many home-based business opportunities only make the promoters rich. Average people who are involved in these plans almost never make any money. Only those considered the “heavy hitters” make the real money; they are the ones who have all the connections.

Problem #4: Many of the hottest and exciting money making opportunities can be immoral and even illegal. This is something that has to be avoided at all costs! Never, ever, get involved with any opportunity that looks and sounds good, but due diligence shows to violate ethics and laws. Who wants to go to jail? Always ask what is the product or service behind the opportunity, where is the market for this product or service that is supposed to take the world by storm, and would it be possible to make lots of money without all the hype and buzz?

Problem #5: Many opportunities are not long lasting. In other words, they are here today and gone tomorrow! They are pure hype with no type of firm foundation behind them; there is no “real” product or service. When all the hype runs out, the market is gone for good! Never become involved in a home-based business opportunity based on pure hype.

So, there you have it: the top five reasons why some home-based businesses will fail. Carefully look for potential problems with any business opportunity; avoid them, and you will be well on your way in finding a true legitimate business right from the start!

All the best,

Dave.

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AUTORESPONDERS ARE ONE OF THE MOST SIMPLE TO USE YET MOST EFFECTIVE promotional tools created in recent times and are an essential requirement for any online business.

In this podcast and transcript we discover how the humble autoresponder can leverage your time, enhance your reputation, supercharge your mailing list and transform your Internet enterprise.

Listen to the podcast below or read on.

All the best,

Dave

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Written transcript from Solopod 7

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 Solopod 7 [8:58m]: Play Now | Play in Popup | Download

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HAVE YOU DECIDED TO START A HOME-BASED BUSINESS? You may be juggling a full time job, a part time job and family life. You know that there are many things you need to do in order to successfully start your business and work from home. How are you going to fit your business project into your daily commitments? It’s easy to become overwhelmed and lose focus. Losing focus will cause you to take no action. Action is essential to moving on from where you are now, to where you want to be.

Here are 5 tips to stay focused on starting your home based business:

1. Chunk down

If you have a large task to tackle, it is always easier when you break it down into smaller components. You’ll find it easier to focus because you won’t feel as overwhelmed. For example, ‘Register a business name’ can be broken down into: ‘Think of five business name ideas’, ‘Find out how to register business name’, ‘Get registration form’ and so on.

2. Keep a ‘to do’ list

Once you’ve broken down major tasks into smaller ones, make and keep a ‘to do’ list. Always keep a notepad and pen with you so that you can jot down any new ideas as they arise.

3. Schedule your time

Every evening, decide on three to five tasks on your ‘to do’ list that you wish to accomplish the following day. Stay focused on these tasks and only move on to the next tasks on your list once these have been completed.

4. Set goals

There is nothing better for staying focused than setting goals. Visualize exactly where you want to be in a month, six months and a year. In a month’s time, do you want to have registered a business name and got all your equipment set up? In six months time, how many clients do you want? How much revenue do you want to generate in a year’s time?

5. Say no

Be assertive and carve out more time for your business project. Saying ‘no’ to that extra demand by your boss every once in a while, can get you home one hour earlier a couple of days a week. How about cutting back on the amount of housework that you do? Imagine how you could channel that extra time into your business.

If you put these five tips into practice, you’ll definitely find it easier to focus on and achieve your ultimate goal of working from home.

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