When people decide to start a home based business, it can be a very overwhelming experience. It is new to them and there are so many different ways, products and systems on how to make money online with their home based business.Let’s first talk about “where do you start and “what to look for in a home based business system”.When I first started, I was completely overwhelmed with all the different ways to make money online. There is a lot of crap out there and sifting through all this crap to find a good, proven system is half the battle to starting a successful home based business.The only advice I can give you, is to find a “home based business system” that has a beginning and end. It should be “step by step” and it should give you the “big picture.” It should be a system that is similar to when you went to school/college. First, you take economics 101; once you pass that you move on to economics 102 and so on. – this is the only way to make money online with your home base business. Making money online is a “learning process” and you must find a system that you can follow and learn from.Making money online is a “process” and not a “get rich quick” gimmick or “product. Making money online with your home based business will take you time to learn and develop. There is no such thing as “get rich quick”, so stay away from anything making these claims. Stay away from “this guy made $102,340 in 3 months” or “use this push button software and make $15,000 per month.” These kinds of “sales pitches” are false and misleading and I can pretty much guarantee that you will not duplicate what they claim, so stay away from them and save your money.So, where does you current job fit into the picture of making money online with your home based business?Your current job/career is a “critical piece of the puzzle” of having success online with your home based business. Never quit your job/career to pursue making money online unless you are financially sound and have significant savings. What do I mean about financially sound? Well, this is a personal decision, but what I can say is that probably 99% of us do not have the adequate savings to go it alone with no job. Be very careful with this decision as your current job/career is paying your bills, mortgage, living expenses etc. and you need to make sure this is covered each and every month to free your mind of unnecessary stress and future financial problems.Work at your current job/career and while working at your current job, work part-time (5-15 hours per week is all that is needed and probably the most common) on your home based business and learn the “online skills” needed to be successful with your home based business. It is an exciting process and it can change your life as you know it, if you put in the time, develop patience, be dedicated and blow through any obstacle that comes your way.These are some basic questions that you must address before you start any home based business or making money online opportunity. If you address these issues and develop a plan around these issues, you will be on your way to creating the life you want.The economy is in the tank, the political environment in all countries is in complete chaos and there is a world wide recession impacting each and every one of us. Normal everyday people are getting killed in the pocket book and there is no job security anymore.There is a solution….
Why So Many Internet Home Based Business Marketers Quit!
Check Google AdWords tool for “home business” it will return 3,350,000 visitors per month. Other popular search words also give similar figures. Just imagine if only.01% of total searchers joins internet home based business arena how huge the number turns out. There are other search words too! So can we say that a huge number of people entering Internet home based business arena through out the world every month? Yes, there is no doubt about it.But is there any tool to say us how many of them quite after joining home based business? I don’t think so. Sale of expired domains may give a partial picture. Actually most quit long before their domain becomes saleable.I was checking with my neighborhood where I grew up. I found not a single person who makes a living out of Internet marketing. Whenever I raised the issue with someone, they say, come on man, you know I know everybody knows those all are scam. I checked how they knew that all are scam! I discovered many of them were in it for some time but quit soon enough. I tried to figure out what might be the reasons for their quitting.Obviously there might be many different reasons for quitting an Internet Home based business. It might vary person to person. Even then we can gather some common causes behind the quitting.The first to go are those, lured by lucrative sales mail or newsletter or banner ads while browsing. Seeing the quick buck offer they failed to resist the temptation and invest without thinking. They quit soon enough after realizing the “quick buck” does not comes as quickly and easily as expected.Lack of self judgment is another factor quitting. Internet home based business is not for all kind of personality. There are some cannot stand without socialization, whether at work or at leisure, are not fit for it. Internet home based business demands hour after hour behind computer. They quit easily not coping with the habit. There are others who cannot work on their own. They need someone dictate them, tell them what to do. They also quit soon enough not able to plan what to do and how to progress. Nature of Internet home business is slow progress. Those who are restless cannot coup with the slowness of the progress quit frustrated. In fact reasons of quitting over personality issues are endless.Every business needs investment. It could be money; it could be time or it could be both. If the budget of time or money is not properly planned, the result is not becomes an internet marketing success but quitting. The quitting could be over lack of budget after initial investment. It could be for over spending initially and not seeing return soon after or it could be over not managing enough time to succeed.Certain skill is needed to be successful in internet home business. Not that if do not have those skills initially you will not be able to do internet marketing. These skills could be developed gradually. But not many have the time, patients or determination to develop these skills. Result is quitting.Success in Internet home business demands discipline, being organized and consistence. It is all about making an action plan of progress and taking actions repeatedly day after day. It is all about progressing gradually and consistently. Obvious result is quitting if fail to understand or follow this process.Lastly, whatever the reason is, if one is not strongly motivated to internet home based business, he is bound to quit. This factor stands between success and failure to an internet home business. A person not strongly motivated to home based business cannot push ahead all the hurdles stand between him and success.Certain skill is needed to be successful in internet home business. Not that if do not have those skills initially you will not be able to do internet marketing. These skills could be developed gradually. But not many have the time, patients or determination to develop these skills. Result is quitting.Success in Internet home business demands discipline, being organized and consistence. It is all about making an action plan of progress and taking actions repeatedly day after day. It is all about progressing gradually and consistently. Obvious result is quitting if fail to understand or follow this process.Lastly, whatever the reason is, if one is not strongly motivated to internet home based business, he is bound to quit. This factor stands between success and failure to an internet home business. A person not strongly motivated to home based business cannot push ahead all the hurdles stand between him and success.
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.