subject: Reasons People Fail In Their Home-based Business [print this page] There are many reasons people fail in their home-based business. Many people go online to find ways of making money so they are able to work from their home. They find an online home-based business and work hard for about a month. When their business does not take off right way they sit back and wonder what was the reason they failed. Where did they go wrong and why is everyone else doing so good online. If this sounds like you, you need to realize that not everyone is doing good online. There are many reasons whey people are failing in their home-based business.
Lack of Knowledge/Experience: Just like with everything in life the more knowledge and experience you have at something the better you will be. Think back when you started to drive a car for the first time. You were nervous and not sure of yourself. Now you dont even think about it, it just comes natural to you. It is the same way when you start your own home based business. The key is to learn as much as you can as fast as you can by reading and studying everything you can about your business. The more you know the easier it will be and the more comfortable you will be.
Confidence and Patience: You need to have confidence and believe in yourself. When you have a home-based business you need to realize that having a successful business DOES NOT happen overnight no matter what people say. Having a business takes hard work and time. You have to realize that you will have ups and downs in your business but you need to keep pushing on and realize that it is just a bump in the road. If you work hard enough in your business you can do it. This is very hard in the beginning when you are struggling and trying to get your business up and running. The key is to stay positive and dont focus on the negative aspects. You must have a plan and stick to it even when you are frustrated and ready to quit. If you are serious about earning extra income through your home-based business then you need to make at least a 6-12 month commitment.
Set goals for yourself: If you want a successful home-based business you cannot treat it like a hobby. If you set goals for yourself it will give you a reason to try that much harder. You could even have a bulletin board with all your goals so it will be a constant reminder for you why you are doing what your doing. Set goals and do the activities that will help you achieve those goals. Hold yourself accountable. No one said it would be easy but the financial rewards of your hard work can be great!
Lack Of Self Discipline: Whether you want to call it lack of self discipline, procrastinating or being just plain lazy you will never make it. You need to realize you cannot run a business like this. If you cannot set time aside for your business and really work hard on it you might as well not even start a business. A business does not start or run itself. You cannot start a business and figure you are going to just sit there and wait for the money to start rolling in, it just does not happen that way.
People Want Quick Money: Sorry to tell everyone this, having your own home-based business is not the same as winning the lottery! I know everyone already knows this but, people still surf the internet trying to find out how to make quick money. If people would focus on learning how to market and sell online they would make money a lot faster then trying to find quick money on the internet.
Lack Of Persistence/Get Frustrated: Having your own home-based business can be a roller coaster ride. You must learn to control your emotions and stay focus. If you are not persistent you will never be successful.
Shifting Blame: When people dont do well in their home-based business they will shift blame when they dont get the results they want. Most people will blame the companies that they are part of calling them scams. You need to look at yourself and take full responsibility of your results. You need to be honest with yourself if you are not getting the results you want. Are you doing what it takes to get better results?
Trying To Market To Anyone: You need to realize that not everyone is interested in being part of a home-based business. Some people like to work their 9 to 5 jobs. If you approach just anyone you will find out that you will run up against A LOT more rejection. Constant rejection will start to wear on you. You need to realize that tapping into the internet and social media has the potential to reach millions of people from all parts of the world. This is the best way to find people who are looking for your opportunity.
Work With Your Downline: People fail to recognize that people want solutions to their problems and not necessarily your opportunity. You need to learn that your home-based business is not about your wants and needs. You are here to show people how your opportunity will help solve their problems. You do this by putting the needs of your potential customers or prospects first and not your own. Ask them questions to find out how additional income may provide them with benefits to go on that dream vacation, pay for their childrens college, retire early, buy that vacation home etc. The key is building trust and showing them that you are a person they can count on. BE THERE FOR THEM.
by: Nicki Jennings
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