Three Pitfulls On Why Home Based Businesses Fail
The number of home based businesses is growing daily and it's hard to keep up with the opportunities that exist on the Internet.
One should be aware that there are scams out there and to do their research before signing up with a company.
However, there are Internet entrepreneurs that make multiple 6-figure and 7-figure incomes working from the comfort of their own home.
Working from home and the income potential is very attractive, but most people fail and here are the Top Three Reasons Why: Reason #1 - They don't have a sales funnel or system in place.
A sales funnel needs to be in place in order to capture information on the person that has visited your site.
This could be anything as simple as asking to fill in their email address or fill out a form for a free report for more information about a product or service.
The information you collect will now go into a sales funnel and an automated email will send them more information.
The emails will essentially do the selling and will direct them to a page on how to sign up.
A smart marketer will offer something for free such as a "report" just to get a visitor on their email campaign.
Once they are on the email campaign, the marketer will promote low priced products to the consumer to join the business.
From there, the marketer can pitch higher priced products to earn more commissions.
Having a sales funnel and a system in place is a great way to follow up on your leads and to ultimately close on the sale.
Most marketers don't have this in place and thus failing in this business.
Reason #2 - They don't have support from their sponsor.
Having a good sponsor who is there to answer any questions or give guidance is the key to success.
The sponsor is there to provide you the roadmap and the steps you need to take to get your business going.
They are also there to help you avoid the pitfalls to contribute to your success.
Understand that it does take time and effort for the sponsor to train someone and to get them up and running.
However, in most MLM's, sponsors make money when you make money.
So it is in their best interest to help you make sales.
It would be good to ask how well they are doing in the business and how long have they been doing it for.
You will need to build trust and make sure they are always available when you need to reach them.
Reason #3 - Insufficient funds to pay for costs.
Many people have joined home based businesses because they are either unemployed, broke, or looking for additional income.
They turn to the Internet or a job classifieds looking for work.
They fill out the application and then are directed to a work from home position.
The person who contacts them tells them that can earn a certain level of income within a certain amount of time.
The applicant then signs up not knowing exactly what are all the costs of running the business.
If they aren't making any money, they then quit because they didn't have the funds to keep the business going.
It's always a good idea to research and do your due diligence before joining a business.
Also, having a sponsor who is there to help you succeed is the key to success.
There are lots of home based businesses out there.
I have been in several businesses that were lucrative and also ones that were not.
I have two businesses now that I am involved in that are generating multiple streams of income working from home.
To find how visit http://myempowernetwork.
co.
nr
One should be aware that there are scams out there and to do their research before signing up with a company.
However, there are Internet entrepreneurs that make multiple 6-figure and 7-figure incomes working from the comfort of their own home.
Working from home and the income potential is very attractive, but most people fail and here are the Top Three Reasons Why: Reason #1 - They don't have a sales funnel or system in place.
A sales funnel needs to be in place in order to capture information on the person that has visited your site.
This could be anything as simple as asking to fill in their email address or fill out a form for a free report for more information about a product or service.
The information you collect will now go into a sales funnel and an automated email will send them more information.
The emails will essentially do the selling and will direct them to a page on how to sign up.
A smart marketer will offer something for free such as a "report" just to get a visitor on their email campaign.
Once they are on the email campaign, the marketer will promote low priced products to the consumer to join the business.
From there, the marketer can pitch higher priced products to earn more commissions.
Having a sales funnel and a system in place is a great way to follow up on your leads and to ultimately close on the sale.
Most marketers don't have this in place and thus failing in this business.
Reason #2 - They don't have support from their sponsor.
Having a good sponsor who is there to answer any questions or give guidance is the key to success.
The sponsor is there to provide you the roadmap and the steps you need to take to get your business going.
They are also there to help you avoid the pitfalls to contribute to your success.
Understand that it does take time and effort for the sponsor to train someone and to get them up and running.
However, in most MLM's, sponsors make money when you make money.
So it is in their best interest to help you make sales.
It would be good to ask how well they are doing in the business and how long have they been doing it for.
You will need to build trust and make sure they are always available when you need to reach them.
Reason #3 - Insufficient funds to pay for costs.
Many people have joined home based businesses because they are either unemployed, broke, or looking for additional income.
They turn to the Internet or a job classifieds looking for work.
They fill out the application and then are directed to a work from home position.
The person who contacts them tells them that can earn a certain level of income within a certain amount of time.
The applicant then signs up not knowing exactly what are all the costs of running the business.
If they aren't making any money, they then quit because they didn't have the funds to keep the business going.
It's always a good idea to research and do your due diligence before joining a business.
Also, having a sponsor who is there to help you succeed is the key to success.
There are lots of home based businesses out there.
I have been in several businesses that were lucrative and also ones that were not.
I have two businesses now that I am involved in that are generating multiple streams of income working from home.
To find how visit http://myempowernetwork.
co.
nr
