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Thursday, October 8, 2009

Why Most of The Online Home Business Failed

There are millions of people venturing into home business every day. If you are reading this, I can assume you are one of them too. How many of them can really become successful high earner like Stone Evans or Ewen Chia?

According to many sources, statistic shows that more than ninety percent (90%) of new start-up home business failed within 120 days. You read that right. It is more than 90%, a very high percentage of failure rates.

Look at this failure rate, many people may pause and reconsider the option of jumping into home based online business and stay in their 9 to 5 job will be more secure to them.

But, look! What happened to the ten percent (10%) of successful online home business? Success is not something impossible. Study why most of the online home business failed, can give you a good start up when you work on your online home business.

There are basically 3 myths that lead to failure.

Myth #1 - Wrong Perception about Online Home Business

Let ask yourself first, what is your own perception about online home business? Why you want to start online home business? The answer may be as follow.

1. Online home business required to work only 2 hours a day in my pajamas.
2. I can get rich quick!
3. I can work when I feel like I wanted to.

If your answer is similar to the model answers above, you are dead wrong. You will join the 90% group if you keep this perception towards your online home business. It should be totally opposite.

New start up online business required long hours of learning and trying in the initial stage. You may be able to work less hours when your business is established as Stone Evans or Ewen Chia.

If anyone telling you that working on online business can make you quick and easy money, they are scammers. There are countless of sale pages show you that they are playing golf most of the time, enjoying fancy vacation oversea, driving Ferrari, living in beachfront bungalow or working on seaside and you can too if you buy their ebook or join their easy money making membership. They will never tell you how many sleepless nights they have spent or how long they have been working on their business before they are able to bring their business in front of you. These sale tactics gave most of the online business newbie a wrong perception of online business is easy, quick and without any hard work.

Myth #2 - Hopping from one business model to another too soon or too frequent

Most of the failed netventurers are hopping from one business model to another too soon or too frequent. When they find a new product or system, they will jump into it and think that the 3 model answers in myth #1 will happen. When it never happened, they will quickly hopping into another product or system. By hopping from one boat to another, they trying to find a boat that can bring them to shore. But they never contribute to paddle the boat to make it move faster. Stick to one business model or system; continue work consistently is the key to succeed. Do not give up easily, you will enjoy fruity later.

Myth #3 - Lack of Business Plan

Online business is still a business. The same principles from brick and mortar business will apply on online home business. You should plan your home business before start up. A good business plan can lead you to success, a business without plan is a business planned to fail. Plan your road map to success and stick with it.

It is essential to have a detail steps to bring your business from zero to hundred. It will be easy to follow with a written business plan to show you when to do and how to do it to reach your goal. The best business plan is to follow a ready successful business plan.

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Feature Article: Make the Leap to Home Business Success

Make the Leap to Home Business Success
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-28025

Before you can have a successful home based business, you must first possess 3 "intangibles." These are things that must come from WITHIN you.

 ===> Intangible 1 <===

First,you must have a strong WHY.

Why MUST you have a successful home business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?

For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.

===> Intangible 2 <===

You must BELIEVE that it is possible.

If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.

For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.

There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.

I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the old days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.

===> Intangible 3 <===

You must be willing to MAKE THE LEAP.

Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.

That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be *IN THE RING* to truly understand and profit from it. In fact, this is a business where you can truly be earning WHILE you're still learning...

The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow and therefore you succeed. This is what I call: "Making the Leap"!

The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar" world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this where you can get your own money-making site setup free within 24 hours:
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You simply need get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times... Make the leap to starting and building a successful home business TODAY!

About Stone Evans, The Home Biz Guy:

"I Was A Washed Up Restaurant Worker Desperately Searching For
A Way To Save My Family When I Discovered The Internet And
Affiliate Marketing... 24 Months Later I Finally Cracked The
Code And Started Earning Over $10,000.00 Per Month... Now The
Same System That Saved Me Is Available To You!" Make Money Now!
http://www.PlugInProfitSite.com/main-28025

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