Home Based Business: Why Such A High Failure Rate?
Posted on Jun 17 2011 at 03:43:54 AM in Marketing & Advertising
When most people set out to start a home based business online they are normally full of excitement joy and happiness, believing that pots of gold are just around the corner, whilst this may be true to a few, the majority of people just simply fail and there dreams are shattered and just give up, but why is the failure rate so high?After talking to many people who jumped into the home based business online opportunity,
I asked them why they had given up, and the most common answer I got was, the internet is just a scam to take your money. I asked, explain why you think it’s all a scam. The answer was. You see all these websites, emails and so on claiming this will make you $10,000 a month or more working just a few hours a day from home, and when you join the business opportunity you find out that it’s not as easy as they claim.I have been running my own home based business now for over two years and I can understand how these people feel.
When I first started out I had no knowledge at all of how these online business ventures were run. I like many others I saw all these claims make money online, quit your day job and so on, and yes I also joined up to some of these opportunities, and guess what, I nearly quit just like all the other people. [caption id="attachment_8644" align="alignright" width="300" caption="Home Based Business Worldwide"][/caption] So why did I stick at it? Well to be truthful I had a very good sponsor, no names but he is one of the top people on the internet today who really cares about the people who join his business opportunity. One of the things that he taught me was to ignore all of the emails and hype that arrive in my inbox and to concentrate on learning one thing at a time, become an expert at it, then when I was ready to move on to the next thing and so on.What I found when I started out in my home based business was, that I was being overloaded with information,
so much of it that in the end I did not know what I was doing other than just buying into the so called next big thing that would make me loads of money. I was not concentrating on building my business, I was just believing all the hype. Thus my business and my excitement was just going down the pan One of the first things my sponsor told me to do was to set up a word-press blog and a landing page with an opt-in box so I could collect my visitors name and email address. Next was to learn how to get traffic to my websites, there are many traffic strategies to use but I had to learn just one to start with, become an expert at it then move on to the next one. What I now know is that if my sponsor had not took hold of me and shown me the ropes so to speak in my home based business I would not be here now, I would be just another statistic of the high failure rate that is in our business .Coaching is a very important part of any home based business.
Without learning the basics, then the chance are the business will fail. You only need to learn the basics to get started. Once started you can carry on learning all of the many strategies out there to build your home based business