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7 Mistakes You Must Avoid When Starting a Home Based Online Business

Posted on September 24, 2017 in Uncategorized

Deciding to start your own home based online business could be one of the most profitable decisions that you ever make. You can leverage technology in a way that can allow you to control more time to take pleasure in the things you formerly didn’t have time for, because you were at the J-O-B trading your time for dollars. When you have, a home based online business you gain independence. You start and stop working whenever you want. You call the shots, you are your own boss.

Sounds pretty nice, however this can be a blessing and a curse. You see, the majority of people have been conditioned through the repetition of working day in and day out to trade their time for money (which is a terrible way to earn money) and when you are working a home based business you are earning money based on the service you provide, or the results of others, if you really understand leverage.

Many people new to the online world tend to accept as true that having a successful online business is easy and it is not. When you find out the major concepts, you’ll comprehend that it’s simple, but not easy. There’s a big difference between the two. Deciding to begin a home based online business can earn you more money than you ever imagined possible, however on the flip side it can also put you in the poor house if you’re not careful. There are people who have gone from nothing to earning millions in a short time with their online business, I know some who have earned nothing, and the difference between the two is often as fine as a razors edge.

When I first came online, I was on the wrong side of that razors edge and I’d like to share some mistakes that I and others have made when beginning a home based online business. Blunders you need to avert at all costs.

1. Quitting Your Job too Soon

This is a huge underestimate that far to many aspiring entrepreneurs make and one I made myself. When you initiate researching how to earn money online you open the access to a whole other world and it’s awfully easy to get dragged into the excitement and misleading promises that are out there. It reminds me of driving into Vegas, all the lights and the glitter, the hope to get rich quick. It doesn’t happen and many people online fall into this “hype trap.” They influence themselves that they can exchange their income in 30 days or less and they decide to fire their boss. Now, I’m not saying that it’s not possible to exchange ones income in that time, don’t get me wrong I trust we all have infinite potential and the being that can accomplish something like that has to honestly believe it. They have to trust it in every cell of their being and their state of mind must be belief and not mere hope or wish. A great teacher of mine gave some advice on this. He said before you quit your job, make sure your needs are met for at leat six months. This way you can focus on building your business and providing service. You can’t focus clearly on prosperity if you’re worrying about paying the mortgage or rent, or if you’ll have food. When worry comes in doubt and fear are not far behind and they are a cancer.

2. Buying Programs that Offer Overnight Riches

It is possible to earn money fast online, however if your new online you will more often loose. Every time I hear about someone having extreme results there is usually a skill that they posses or some other factor that is present. Other seeds were sown long before the results came. Follow your intuition; if it sounds too good to be true it usually is.

3. Trying to Rush Results

You see this when someone doesn’t know the process correctly. When you rush you use force and forcing doesn’t work. You can’t force a tree to grow, you just let it happen, and the same holds true here. Focus on regular income producing action-orientated activities and results will follow.

4. Buying Expensive Programs

When you are just starting your home based online business you don’t need to purchase the big marketing programs that cost $500 to $2,000 and even more. Don’t get me wron, many of these programs are great, but to someone new online they are confusing and unnecessary. Buying a big expensive course is like building a house starting with the roof. You must have the basics down before you start messing around with the superior techniques. Master the basics and move on from that.

5. Failing to Learn and Implement the Basics of Online Marketing

This one is HUGE. To have a strong home based online business you have to have a strong foundation. You wouldn’t decide to fabricate a house and commence with the roof, would you? No, you’d begin with the foundation because once you have a good well-built foundation everything goes up after that quite fast. The basic skills for your foundation are to create content, attract leads, build a list, provide value, build relationships, help solve problems, and earn money. Sounds like a lot and there are tools to help automate this as much as possible.

6. Trying to Many Strategies at Once (Focus on ONE thing until mastered)

Someone who bounces from idea to idea is usually lacking purpose. Get clear on WHY you are building a home based online business and this is deeper than making more money. Is it to spend more time with family, is it to be able to help others, what ever it is get clear on it and you’ll become more focused. Don’t get in the habit of jumping from one thing to another, “trying” a program or strategy and after a week deciding to find something bigger and better. Decide on one method, master it, get it producing revenue and then add another until it’s mastered. This is a marathon not a sprint.

7. Failing to Find a Mentor or Mastermind

In the best seller Think and Grow Rich, Napoleon Hill devoted an entire chapter to the Mastermind principal. This is vital, no one ever became successful by themselves, there was always a team a support group, someone to bounce ideas with, a mastermind. Network with leaders, read blogs find groups online with people who are having the results you desire. Your success is going to be determined by a large extent by the company that you keep, so make sure it’s good company.

Deciding to start a home based online business can be the most profitable and rewarding decisions you could ever make. Just avoid the mistakes I’ve outlined to save frustration, head aches and money. My advice to stay persistent, understand that you’re going to fail, but that doesn’t mean you’re a failure it just means you produced an unwanted result. See your failures as feedback that will let you to correct, tweak, and move on. Good luck.