The Key To Earning A Full Time Income With A Home Based Business

This may surprise you, but the key to earning a full time income with a home based business is you. You are the key to your success (or failure) in this industry. In this article I’m going to explain to you what this means and how it has led up to my success in the home business industry.

When I first started in this industry, I was like the other 98% of people that fail. I was looking to make money the fastest way possible, without willing to do any work. This may not be you, but the majority of people in this industry just go from opportunity to opportunity looking for some magic button that’s going to make them successful and earn them tons of money.

I spent over seven thousands dollars (you read that right) my first year in the home based business industry jumping from one opportunity to the next. I would try something out for a week or two and if I didn’t start making money, I would blame the opportunity or program and quit. Once I realized what I’m sharing with you here today, only then did I start to see success in this industry.

I wasn’t failing because the programs I was in sucked. I was failing because I lacked the desire and willingness to put forth the effort necessary to succeed. That’s the key to earning a full time income with any home based business. Whether or not you have a genuine desire to become financially free and how hard you are willing to work to get it.

There are plenty of good, legitimate opportunities on there, but you will not be successful with any of them unless you are willing to put forth the time and effort necessary. I found the right opportunity for me, and I went into it with the attitude that I was going to do whatever it took to be successful. I was going to be patient and never give up.

I have been working from home ever since. 10% of earning a full time income with a home based business is finding the right opportunity. The other 90% is whether or not you have the desire to be successful and the willingness to take consistent action towards your success.

3 Reasons to Start Your Own Home Based Business

You may be reading this article with a view to starting your own home based business. It maybe something you have been thinking about for sometime and haven’t taken any steps yet to make your ambition a reality. Today I’m not going to take you through the steps of how to start your own business, (you can find all the information you need in my earlier articles); but I am going to help you through the decision making process, by giving you 3 very good reasons why you should take action now and start getting things into motion.THE WORLDWIDE ECONOMYI imagine no one is in any doubt as to the severity of the global downturn. Yes, it probably started as a consequence of the greed and questionable business tactics of the world’s banking institutions, but the impact or fall-out has seen no boundaries. Thousands of businesses have shut down for ever. More people than ever we could have imagined, have lost their jobs and their plight is made all the worse because of the lack of availability of new jobs. Without jobs, people’s spending power diminishes. Without consumers, more businesses will be forced to close and render even more people jobless and dependent on state benefits.I appreciate I haven’t created a very rosy picture. The fact is, I believe in facing reality head on. No matter what politicians are telling us, things are going to remain extremely tough for at least a generation to come. So why have I started on such a gloomy note? Well, as someone once said to me, “If you don’t know where you are, how do you know where you are going?” It’s a simple bit of prose, but when you stop to think about it, it has deep significance for everyone.So where are we now? That’s simple to answer. We are in a position where we can no longer rely on traditional forms of income such as paid employment. i.e. jobs. But, and this is important, is this not the perfect time to start taking control of our own lives. After all, we have already learned the hard way, that we cannot trust bankers or politicians. In my 53 years, I cannot think of a more appropriate time than right now, to start a home based business.If you have been thinking about “taking the leap” for some time, I believe you should stop thinking, start planning and take positive action right now.AMBITIONYou may be one of the very fortunate ones who are in a work environment where your drive and ambition is not restricted in any way. Every day provides you with a new challenge for you to rise to. You have the drive, desire and opportunity to really go-for-it and fulfill your true potential. If this is you right now, you are very fortunate. Most people are not in this situation however and crave the opportunity to really make something of their working lives.Ambition is a truly great personal asset. The question is how you are going to fulfill it? From my own experience, the answer is to start something of your own. Whether you are trained in childcare, secretarial work, law, marketing, writing and publishing or simply want to turn the skills you do have into a business; seize the opportunity. Your natural ambition and drive will see you through the start-up process as will your determination and effort. Once you get going, no one or anything can halt your progress. You can be as creative as you like; as ambitious as you want to be and best of all, nothing can stop your dreams turning into reality, except you. You become the master of your own destiny. The world and what is happening in it, is no longer your focus; your business is your priority and no one can take it away from you.START LIVING I don’t want to pretend that it will not take great effort and commitment to get your home based business up and running, because it will. But I guess you already know that. Yes, you will find obstacles along the way and you will encounter unforeseen problems which you just have to deal with. You will probably even have to change track along the way, based on your initial experiences.I have to tell you though, it is well worth your time and effort. Once you get your business up and running, the adrenalin rush is huge and your raise in self esteem knows no boundaries. You’ve always had this overriding thought in your head that if you just had the opportunity, you could be successful. When you realise that you are on your way to becoming successful, you also realise that you are capable of matching your ambition. At this point, you know your life no longer has any boundaries or restrictions placed upon it. You also realise that as you become even better at managing your business, you get more of the most precious commodity in the world – time. No, not big houses, flashy boats or cars, but precious time to spend with those who mean the most to you.You cannot buy time, you can only create it. The heading above says, start living. The most valuable fruit of your endeavours is time and when you have time, you can start living, not just existing.

A Simple Product Creation and Product Launching Formula

If you tried to think of people involved in product creation, who would come to mind? You may think of Edison, Franklin, or maybe Henry Ford. Would you ever think of yourself as someone who can create a quality product? Product creation is actually relatively easy and product launching is not that tough either! If you follow a few easy to understand steps, you could be starting the product creation and product launching process sooner than you think.

The first step in creating your information product is to know and understand your market. This can be very time-consuming, especially if you are unsure of what to do or where to look to know your market. Studying your niche market and understanding the buzz words and buying patterns can ease the process dramatically. Personally, I would recommend networking with someone who has had success in the niche market you are considering and learn from their results. If they are into product creation and not very business savvy expect some hesitation. If they only sell products and have nothing to do with product launching or product creation you may your first affiliate (sales person)! Something else you can use to find hot trends is with the Google Trends tool.

The second step is the product creation process. Take your niche market and brainstorm ideas and topics relating to it. There are a lot of product launching contests going on recently relating to a newly created internet marketing tool. There are so many aspects to the mentioned niche that literally, and unfortunately, anything can be considered an Internet Marketing tool. The reason that anyone can basically create an Internet Marketing tool is because of something called Private Label Rights products.

What I use private label rights products for, and highly recommend them in this specific manner, is to cure writer’s block especially when it is lingering. Many people base their entire product creation and product launching on a private label rights product. This is where you can start to shine and build a strong brand for yourself. If you set goals for yourself, short-term goals to be exact, you can see your product creation come into being much faster and there is a good chance with less revision needed. If you keep hitting time restraint road blocks; however there is nothing wrong with a slow and steady approach, you can consider outsourcing portions of your project. Outsourcing can be an extremely huge benefit or just as great of a disaster.

You can find someone to outsource work to at a freelance site such as Guru.com or eLance.com. When reviewing proposals it is almost mandatory you perform a background check on them as you are in essence hiring them. Doing a background check on freelancers is as easy as asking for samples of their work and reviewing feedback on the freelance site from previous customers. Depending on the size and requirements of your project this can add up to a decent sized investment, so caution is very important. One tip I always recommend to people looking to hire an individual is to ask them what they can provide you that no one else can. This simple question gives them a chance to “toot their own horn” and acknowledge where they feel most competent as far as their skill set.

The final portion of the product creation and product launching formula is the launch. This can literally make or break the effort, time, and maybe (if you invested) money you put in to your project. There are numerous aspects to product launching and although their relevance is debated in terms to their effect, experts agree all must be followed. The person in your field who you asked for product advice from can help you substantially if you have kept in touch. If not, the first thing you need to do is to create a visually appealing website with flawless design work.

I also mentioned outsourcing before, this is one aspect of product launching I have little strength in and I always outsource this portion. The website does not have to be large however the content (ad copy in Internet Marketing) must be stellar and as perfect as possible. This is where advertising knowledge or experience is beneficial. When the site is set up you now put a lead capture form on your website.

I put two lead capture pages on all products I create on the internet and is one of the best methods of getting a solid start when you are in the product launching stage. When you gain information from a prospect or someone looking to get paid for referring sales you are able to provide them updates or specials. Many people abuse their prospect or affiliate lists by in turn emailing them with a new product daily and I find the recommendations to be totally unrelated to their original need, problem, or interest.

Another stage in the product launching stage is creating a free report or demo version of your product to entice the product to sign up to your email list. Using proper follow up with this can help generate numerous sales for you. One thing you need to ensure is that your free product completely relates to your main product that you are looking to sell.

You are now ready to advertise your product launching to customers as well as the opportunity to sell for affiliates. This is the single aspect that many product creations and launches fail on. It is actually not entirely difficult. One thing you can do is write articles (and a good amount of them) on topics relating to your product. I am a huge advocate of giving a solution in forums. When you join a forum you are normally offered the opportunity to create a signature. In your signature, you should enter the link to your opt-in or lead capture page. When you respond to posts, you are advertising your opportunity.

It is not impossible to create a product and it does not have to take a long time. You need to setup a plan and stick to it. If you get stuck, look at similar and successful products to your own and try and see how they did it. When you sit down and brainstorm you will be surprised with what you can imagine.