It seems that virtually everyone has the same story. The story of trying and trying only to get deeper into debt, the story of hiding what they were doing from their friends and family for fear of ridicule, and the story of thinking “YES this is the one” with every new opportunity they undertake.
So why is there so much failure in the Internet Home Business industry?
Well, whether you’re trying to be an internet marketer, involved in a network marketing company, learning to invest in real estate, affiliate marketing or you’re involved any of the dozen other “home business” type opportunities out there; I’ve found that there are 2 primary reasons that most home startups dont succeed.
Reason #1 – Personal Responsibility
I am a huge believer in personal responsibility. The truth of the matter is that I didn’t make any REAL money until I stopped blaming others and started taking personal responsibility for my life. The thing you have to remember is that taking responsibility is a “get to” and not a “have to”. Here’s what I mean…
Do you HAVE to be a home business entrepreneur? No, of course you don’t. You made a conscious decision to pursue this endeavor because you decided that you wanted more out of your life than the daily 9-5 grind. But, when it comes to making results happen, most home business entrepreneurs generally don’t want the responsibility. We end up saying to ourselves, “Ah… you mean I have to do this?” or saying, “What!!, you mean I have to do that!?!?”
My response to both of those previous statements is… “NO” – you don’t have to do anything. But… you GET to do those things and you also GET to reap the rewards of doing those things. You see, because you chose to be a home business entrepreneur you GET to have more control over creating your life. In order to be successful you’ve got to get to the point where you enjoy taking actions not because they are inherently fun, but instead because taking those actions will result in you having the type of life you desire…and that’s the fun part!
I don’t HAVE to write this article… I want to! And it’s so much more fun when you GET to do what you WANT to do. The trick is to associate massive pleasure with the actions that will get you the desired result. As I write this article, I’m thinking about all of the amazing things I’ll be able to do with the freedom I have created in my life!
Too often we blame our failures on the programs we join rather than taking responsibility for our own results. The REAL truth is that the #1 Reason most people fail in home businesses is because they don’t stay committed long enough to make success happen!
Reason #2-Not Having Your Expectations Set Correctly
Now that you’ve been reminded of the fact that YOUR success is ultimately YOUR responsibility AND that the achievement of your goals comes down to taking action and being persistent; let’s shift gears for a minute.
If the purpose of this article is to define the reasons that most people fail in home based businesses, then we must realize that a good portion of the large failure rate is due to the fact that…
Most home business opportunities do a horrible job of setting proper expectations for those who choose to get involved.
As I am writing this, there is a copy of a popular “Home Business Opportunity” Magazine sitting on my desk. While reading through this magazine, I came across dozens of opportunities that seem very simple; at least at first glance. One opportunity in particular claims the following: “Make $30,000 Per Month By Simply Returning Phone Calls!” WOW – What a seemingly great opportunity! But the trained entrepreneur knows better than to believe something like this at first glance.
Before I tell you why this opportunity is not as simple as it appears to be, let’s understand the fact that the only reason I know this stuff is because I’ve learned things the hard way. If I hadn’t responded to a gazillion ads like this in the past, I’d be foaming at the mouth for the chance to be part of such an amazing opportunity.
First I can pretty much guarantee you that the amount it costs to join something like this is at LEAST $1,000 - $3000 dollars (way out of the price range of many home business entrepreneurs).
Second (assuming you have the money to join) you’ll have to have a way for people to know that they have to call you. This means having your own voicemail, and knowing effective ways of getting quality people to the voicemail.
Assuming that someone calls your new voicemail system, you’ll now have to call them back and “sell” them on the opportunity. But wait a second!!! The ad didn’t say anything about being a sales person or figuring out how to get qualified prospects to call you.
Now, let me be fair and say that this company MIGHT have some solutions to these challenges; but the fact still remains that you’re going to have to talk to someone to find out… AND… doing business like this is certainly not the image that popped into your head when you first read the advertisement.
Incidentally, many of the other ads in this particular magazine claim to have “Automated Systems” in place that will do all of the work for you. But, I can tell you that it is certainly not the case!
The bottom line is simply this…
Your chances of failure are increased exponentially if I tell you that all you have to do is ABC, and then (once you’ve paid your money to get involved) I share with you the fact that you’ll also have to do D through Z.
Remember, D through Z is NOT what you signed up for, and therefore, you will be internally opposed to actually doing the work that is necessary to see the kind of results that were promised to you!
A major key to success is understanding exactly WHAT you’ll have to do and HOW to do it BEFORE you join an opportunity.
Ask yourself these questions before you join any opportunity…
1. Do I have a solid understanding of WHAT needs to be done in order for me to start seeing results?
2. Do I have a solid understanding of HOW I am supposed to accomplish the thing(s) that need to be done?
3. How was I introduced to (and sold on) the opportunity? The reason this is important is because there is a solid chance that the way you found out about the opportunity is the way that others will find out about the opportunity from you!
4. Assuming you understand what needs to be done and how you’re going to do it, ask yourself this… Are you comfortable and confident in your abilities to immediately and consistently take the appropriate actions?
So make sure you think things through before you decide on committing yourself and then once you do just keep taking consistent action until you see the results you want.
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