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| Be among the five percent who SUCCEED, not among the ninety five percent who fail! | ||
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You need time, and you must promote!
Traps... all over the place!
Ninety-five percent of all internet-based businesses fail, usually within a year. This estimate is conservative: gloomier investigators suggest ninety-nine! There seem to be two very common causes for this incredibly high percentage.
* The first one is: not giving it enough time.
* The second one: not giving it enough promotion.
Since Caroline and I first ventured out on the home biz scene back in March 2006, we must have walked into every trap and fallen into just about every pit the new web marketer can encounter! Luckily we were in such a hurry to become online tycoons, that we sometimes dropped into and crawled out again of three or four pits a day, enabling us to quickly go throught the lot and leave the killing fields behind us - albeit together with most of our savings (sad grin)!
What do those "turnkeys" turn?
Our first mistake was to start off with one of those "plug-in-for-perfect-profit sites" that supply you with a ready-made turnkey website/system. I've wondered ever since what exactly do these turnkeys turn? Mainly, I guess, they crank up the programs owner's downlines a notch or two, or twenty... initially, that is.
These systems start out free or very cheap, but as the weeks go by they require the punter to subscribe under the sponsor to more and more paid programs. In principle there's nothing wrong with that, but... for the beginning home business owner it's a bad investment. The ROI ("return on investment") takes a long time to develop, the investment is relatively big, and in the meantime the hard-up rooky goes broke. Beware, and don't join such a program in (at least) the first year of your home business. Pick something cheaper, and concentrate on that. Whatever money happens to be available, is much better invested in promoting and advertising your cheaper program.
Don't enter your data for "data entry"!
Every now and then you'll see advertisements for "data entry" home work. Often several hundreds of dollars are claimed to be earnable, but I thoroughly doubt if anybody actually does earn such money with this sort of business.
The system is not exactly "worker friendly": instead of fulfilling concrete data entry orders, you need to peddle your wares to companies that may, or may not, be interested in buying from you. Not much to be lost, but not much to be gained there either. And, in fact, you'd be working for someone else - which is contrary to the whole concept of having your own home business!
Our weblog
Don't forget to visit our weblog, aptly named "Work at home, make money online"! Not only do we keep you up to date there, but you can also comment on the various postings - it's "interactive". While we're on the subject of weblogs or "blogs", do bear in mind that blogging is a good way of promoting your site and/or your products!
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