You’ve retired and you’re considering starting a home based business to solve your problem (not enough income to do what you want to do, or you’re bored spending your time watching Oprah and Dr. Phil).Your friends and family say that all the home based businesses you find on the Internet are SCAMS, and you’d be better off trying to live within your retirement income and spend your time watching Oprah and Dr. Phil.Well, some of them are scams, but most are legitimate opportunities.The problem is that even many of the legitimate opportunities raise unrealistic expectations by hype such as:* Start making a six figure Income Immediately.
* Unconditional $1,000 guaranteed weekly income.
* Earn $200K per year with no work.
* You can earn a six figure income with no selling.
* Get paid hundreds and even thousands a day without selling a single thing.
* Work 10 minutes a day at home. You will easily make $1,000.00 a day. No experience needed. No selling on your part. [This one is my favorite.]Then they tell you that you can do all this in your spare time.Home based businesses have a bad name because ads like these lie to you. Naive people believe them. When they end up losing money, they bad-mouth home based business.Do you wonder why they tell you not to quit your day job?Well, the reason is that it can take years before you start earning any significant money!The TRUTH is that a home based business is like any other business. You can make a lot of money in a home based business, but like any other business, it takes hard work, marketing skills, and an investment of time and money.There are a lot of legitimate business opportunities available. To find the one that best fits your needs, DO YOUR HOMEWORK!You can be successful in any home based business venture you choose if you are willing to learn how to market it, but there are great differences between the products they offer and their compensation plans. So before you sign up, you should find one that has a product that you will be comfortable promoting and one that has a compensation plan that meets your needs.The compensation plan is particularly important to you because as a retiree, you don’t want to wait five or ten years before you can make the big bucks.Another factor that is crucial for success is finding a sponsor who will help and support you while you are learning how to market your opportunity and your products.In later articles I will address how to successfully market your opportunity and your products, and what you should require of your sponsor before joining his opportunity.But don’t be taken in by the hype. If you’re not willing to work hard and learn successful marketing skills, you should NOT start a home based business.If I can be of help to you in sorting among all the conflicting claims, do not hesitate to email me.
Start a Home Based Business in Retirement? Part 3 – The Truth Vs Hype About Home Based Businesses
Home Based Business Opportunity – Consider Which One is Best For You
For anyone considering starting a home based business opportunity there are a lot of opportunities out there. A home business opportunity is an excellent chance to generate income from the comfort of your own home.What is the best home business opportunity?When considering what business opportunity is best for you it is crucial to first sit down and figure out:o What is it that you really enjoy doing?
o What is the point in starting a business that you would not enjoy running?
o How much money are you prepared to invest in your new business venture?Some opportunities require a small start up investment while others ask for a huge start up investment. You must sit down and determine how much you can afford to invest.So, what is required to make the most out of a home business opportunity?A state-of-the-art computer, a reliable broadband Internet connection, a printer, a working knowledge of the Internet and operating the computer are required. Almost anyone can make the most out of working on the Internet. There is an unlimited number of work from home opportunities to be found on the internet and not all are legitimate. In fact, some of them capitalize on your ignorance of the essentials of home business. It is in your best interest to thoroughly research each opportunity and then go with the one you believe would be genuine and a good fit for you.Some very good news is that a home business opportunity can pay you a lot better than your regular 9 to 5 job where you work to make others rich. You do not have to interact with anyone else other than your customer. The more effort, focus, dedication and hard work you put into your business you are more likely to generate a higher income. A big plus in benefits is that you can provide more quality time with your family. Furthermore, you can save money on things like insurance, car maintenance and gas. The downside to trying to make a living with a home business on the Internet is that less than 5% succeed.Do not become discouraged and give up on your goal of starting a home business opportunity no matter what negative information you receive. Believe in yourself as well as your talents and abilities to have a good life for you and your family. Realize that you deserve it and were born to have it.Imagine a better income than you already have and set your sights on achieving it. A home based business opportunity is that better income and it can put you on the path to independence and financial freedom if run in the correct manner.
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.