Challenges of a Home Based Business

Contrary to popular belief, those who work from home, or to be more specific, have their own Home Based Business, are successful. In 2004, the Bureau of Labor Statistics released a report that there are 7 million people that are working from home in the US alone. That was five years ago, imagine how many more successful people are there in the US alone now, those who are successfully working from home.There must be something good about having your own Home Based Business for such a large number of people doing it and successfully at that. How do you make yourself one of them though? Being disciplined would be a good start.The honest truth is, having your own Home Based Business doesn’t come without its challenges. The term ‘motivation’ takes on a whole new level of meaning. You are now no more an employee on the monthly payroll. Instead, you are now an employer and employee, all rolled into one. You no longer have a boss who tells you what to do and who has the power to fire you. You also no longer have a subordinate whom you can delegate mundane tasks to.You will now play the role of management in your Home Based Business. You’ll be in control as its now your Home Based Business that you’ll be running and well, everything that happen or doesn’t happen will be your problem. It’s from this control where you’ll get your motivation. Motivation will tell you what work needs to get done and self discipline will make sure you get that work done.In your Home Based Business, all you ‘office equipment’ is right there; your computer, phone and fax. You don’t ever have to leave you home now, because well, your home has also become your office. This is where the tricky part comes in. You have to find the right balance for yourself, as to when do you actually do the office work, that is work on your Home Based Business, and when do you do your household duties. To overcome this tightrope, its best to actually set yourself ‘working hours’.These working hours are entirely up to you. It can be early in the morning or even late into the night, depending on what else you have going on in your life. Whatever you decide, it’s important that you stick with those hours and actually work on your Home Based Business at that time. This discipline is important as it not only sets the momentum going, it also give you and you clients guidelines as to when you are available to talk business.The common sense here is, to be truly successful in your Home Based Business, you musty truly work.On the other hand, when everyone else is physically away in an office and your office is actually your home, family and friends tend to jump to the conclusion that just because you are at home everyday, you have tons of free time in your hands. They will then start thinking that you’re free to help then do stuff that they can only get accomplished during the weekends, etc. Family commitments like children and duties around the house will easily lure you away from your Home Based Business.This is where more discipline comes into play and you have to put your foot down and say ‘NO’ to these distractions. This is where your set working hours will help you decide what you can and cannot do. With a little bit of persistence, your family and friends will start to understand your Home Based Business better. As long as you keep giving in to these distractions, your cash flow will be affected. Hence, discipline plays a vital key in making your Home Internet Business a successful one.

Home Based Business Leads – 9 Reasons You Should Never Buy Them

If you ever plan to succeed in network marketing you absolutely have to master the skill of exposing a lot of right people to your unique business opportunity. Still too many people today are trying to solve this problem by buying home based business leads and eventually find themselves run out of money, frustrated and without a single soul that joined their business. In this article I’m going to show you exactly why your business can quickly disappear should you decide to invest money in home based business leads.Reason #1 You spend too much money instead of making moneyThe reason you got involved in network marketing in the first place was to make money. Yet buying leads is going to cost you anywhere between 4 and 7.5 dollars and even more per lead. If you were to succeed with this strategy you need to spend AT LEAST 500$ a month with results not even close to what is possible in this industry.Reason #2 The leads are generic and not interested in your companyThose leads are created when they fill out a survey and what it means is that they are in general interested in home based business opportunity most of the time out of simple curiosity. They are not interested specifically in your opportunity and most of the time does NOT want to work in network marketing company in the first place. So calling those people is like trying to sell a hamburger to a vegetarian.Reason #3 Facing rejectionWhen you call these leads you send a signal that you need them, that you want to sell them something and you are going to face a lot of rejection. Don’t take it personally, it’s just because those leads are not targeted.Reason #4 You are killing your timeIt’s not worth your time and effort to call every single day to 100+ leads. Trust me on this you’d better spend your time with the family instead of chasing people over the phone.Reason #5 It’s not duplicatablePut your team in the position of spending a lot of money, facing a lot of rejection, and piling up their debt and you are going to get the perfect recipe for going out of business before it even started.Reason #6 You are doing the sorting process yourselfWhen you call home based business leads you are like the answering machine asking the same questions, repeating the same information many times in order to sort through all the sand in order to find the gold. No one promised you an easy life, right?Reason #7 Creating relationships with people you don’t now it’s toughPeople that you’re calling don’t know you so don’t expect them to listen to you just because you called them.Reason #8 You are not the only one who calls those leadsMany home based business lead companies promise you that you get the most responsive, high quality, unique leads. However since it cost them money to generate those leads, and they want to make a profit, they sell the same leads to 8 other people. Don’t be surprised when someone tells you that you are the number 5 person who called him today.Reason #9 You are chasing peopleThis is the most important reason of all. When you call those people trying to convince them to do something for you, you are perceived as someone who needs them and it’s not so attractive. You will see how much of a difference it is when people are actually chasing you. I hope now you understand why it’s a mistake to buy home based business leads. If you are buying leads right now, it’s not your fault. You just haven’t been taught way more effective ways to market your business.I couldn’t possibly state all the reasons in one short article. If you want to get more information on how to avoid buying leads and get your own free targeted leads, make sure to follow the links right below.

Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up

One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.

However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.

Your product creation system should do this for you if only to help you to understand the overall task.

But why?

In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!

So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)

The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.

Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.

Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.

By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.

You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.