The most important piece of advise that I am probably going to give you this year is to do your due diligence when you are looking for a home-based business. Due diligence is essentially a thorough research of the home based business of which you are interested in joining. During my years as a financial advisor, I assisted my clients in doing their due diligence regarding their stock and mutual fund investment selections. Any partnership made with any entity other than yourself requires a thorough examination of the entity’s track record. This research does not have to take an excessive amount of time. You just want to have enough information to make an informed decision so that you are not like the home based business junkie, whom everyone runs from like the plague. To assist you in keeping your credibility in tact, here is a simple, yet powerful three-pronged approach to researching a home based business prospect.Rule#1: Find out how long the company has been in existence, as well as its track record for creating winners within the organization. This is very important. A company who focuses on creating winners will have a rock solid training program, along with a bullet proof compensation plan for its distributors. You do not want to jump into a business solely on unproven hype, only to find out that you have to recruit the one million man march or sale massive volume like Walmart just to eake out puny commissions. This is completely not the reason you want to be involved in a home based business.Rule#2: Find out who are the leaders and their track record in building successful organizations. One of the best ways to research company leaders is to find out what other companies they have built in the past and were they successful? The previous company’s track record is a striking indication for what to expect with the “new” company. Leaders who are inventive and pioneering usually have the best track records, because they are constantly focusing on improving the functionality of their business, as well as the business of their distributors.Rule#3: Make sure the sponsor you partner with is seasoned in the home based business industry. The absolute worst possible situation to be in is partnered up with someone who is either too busy to teach you the business or just does not care about your success. In the world of sports, there are many coaches; however, there are only a few of them that can motivate and coach their team to back to back championships. A great home based business coach is going to have a proven track record themselves. Documentation always beats conversation. There are many people who talk a good game, but there are only a few that actually play a good game. Usually, when you partner up with a “bad” sponsor, you end up an orphaned distributor. Do not let this be your case.
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.
Why You Should Not Start a Home Based Business
The world wide web is full of offers to start home based businesses. They will tell you that a home based business is the vehicle to generating a passive source of income and can lead to early retirement. Furthermore, it is easy to start and run, and doesn’t require much financial commitment.While there are spectacular successes for some people, on the whole, the results will be disappointing for most. More often than not, many people will quit after a few months with mediocre results, while some might tough it out for a year or two, but still with rather poor results.When I started looking into the home based business phenomenon a few years back, I firmly believed that anyone with the drive to work hard and smart, can start and run a home based business, and make it a success.But now, with the benefit of hindsight, I do not think so. The demands of a home based business are many and varied, and I think not everybody can measure up. I have listed below some traits and reasons which you should NOT have if you want are considering a home based business. If you are guilty of even one of the traits or reasons, you might want to rethink your decision to start a home business.If You Are Looking For A JobYou are going to quit your job at the end of the present month. You have budgeted about 3 months worth of expenses, and is planning to work very hard at a home business so that you can make it a success by the fourth month. You reason that even if your potential earnings fall short of the claims by the fourth month, it should still be more than enough for you to get by.If You Are Not Open To Learning New SkillsYou are not open to nor are interested in learning any new skills. You are going to depend on everything you already know to run your business and have no intention of and do not see the necessity of learning anything new even if it is called for or if your business requires it.If You Don’t Have The Entrepreneurial SpiritYou know that you are not an entrepreneur. Even the thought of striking out on your own scares you. What you intend to do is to find a home based business that comes with step by step instructions. You fully intend to follow the instructions exactly and make the business a success.If You Are In Desperate Need of MoneyYour daughter’s college tuition has to be paid in the next 6 months. Furthermore, your landlord is looking for you for a little chat about the overdue rent and you are quite sure that the bank manager will be calling you soon for an update about the overdue loan payment. So, right now, you need an opportunity or a home based business that can earn you at least a few hundred dollars a month almost immediately.If You Don’t Want To Work HardYou are entranced by the ads on the net about home based business that can make you a lot of money but needs very little work and skill on your part. You don’t want to work hard and are actually looking to make money fast.ConclusionIf you see yourself in just one of the paragraphs above, you need to take it seriously. A home based business is not a walk in the park and if you start one with a handicap, your chances of failure will increase exponentially. Do take a step back and take an objective look at your strengths and weaknesses, and then decide if a home based business is for you.