Understanding the complexities in starting an online home based business can be vital for the success of such a business in today’s ever changing climate. On one hand, there are newer and better online business opportunities out there, yet on the other hand, there are also a lot more scams to be made aware of.
With all of the various home based business ideas out there, let me help you get up to speed. Currently, someone will start a home based online business every 11 seconds in the United States. And 79 million Americans plan to start a home business in the next 3-5 years. However sadly, about 97% of all money earned from one of these online home based business opportunities, only 3 percent ever become profitable. Now, is the cause of the 97% crowd due to ignorance, the lack of education and training, or due to the increasing number of “scam-programs” online these days? I would confer that it’s a combination of all three but let’s go through the process of filtering out the bad online home based businesses.
With all this doom-and-gloom, why should you start an online home based business then? First off, many people still believe in the lottery or “get-rich-quick” sales pitch done up by so many online home based businesses pitched online in the past as well as currently. Stop! Don’t fall for these programs and start by doing your homework! Let me explain some basics that can help you become part of the 3% crowd by following 4 steps to validate your chance of survival and success.
1. First off, before you start an home based business there are typically two main parts to their online system. A product and a business model. Your first sign of legitimacy should come by 1st taking a close look at the home based business model, and then 2nd taking a close look at the product. Could the business model sell other products? Is it unique to the industry, yet make sound sense. Then after you determine the business model, you should look at the product and determine if it’s a solid product in high demand even when the economy is not doing so well.
2. Simply put, starting an online business can be frustrating at times. Is there a proven and tested “plug-in” type system to help you launch your home based business opportunity to help you eliminate your lack of experience (despite your background)? Will you need a PHD at Harvard to help you launch your online home business, or can you follow a step-by-step system that even the beginner can follow if they have a serious desire to learn?
3. Not everyone learns at the same level or way (think about those that barely passed high school, yet went on to be the most successful people you know). Therefore, is there multiple types of training such as video, webinars, audio, conference calls and even an internet coach you can call if you have questions? Extensive training and support will mean just as much to you once you launch or start an online home based business as the great business model and product.
4. “Freedom” and “security” is the main reason people turn to and why they should start an online home based business. It will give you much deserved freedom from the world, but you will need to have the necessary support from like minded online entrepreneurs. You should determine prior to signing up that there is a community of online home based business owners that you can also draw from, whether it be for additional techniques you can implement, or to help prove to you that you too can be as successful as they are.
With all the opportunities online these days, it’s becoming less and less an issue of why should you start an online home business, but when. However, it is essential that you follow the above steps when researching any online home based business opportunity so not to fall victim to so many non-legitimate programs pitched across the internet these days. Take the above 4 steps very seriously, and take your online home based business opportunity seriously would be the key ingredients to succeed in this industry.
To Your Success,
Joe Mackey is passionate about helping those wishing to break into the internet marketing industry to help them create residual income and to be able to leverage their time. You can seriously earn CEO income by reading this F-REE report on online home based business which explains why 97% of internet and affiliate marketers loose money online and what is necessary to become a part of the 3% crowd who actually make a profit and enjoy the lifestyle most will only dream about.