What do almost all home-based businesses have in common? They all require selling some type of product or service. Right. Or at least driving traffic to a Website in order to earn some type of compensation. Directly or indirectly, your business is designed to sell. And the more you "sell" the more money you make. Right?
So why do so many people fail in their home-based businesses? Why does the average home-based business owner close up shop after six months of operation? What separates the successful business owner from the unsuccessful ones?
There are a lot of factors actually. Commitment, the type of product or service you're selling, how you are being instructed to market your business, your attitude about home-based businesses, your beliefs about success and failure, the temperature of the sun during leap year, etc.
Let's narrow it down to activity. Because attitude and activity determine sales. So what is needed to become successful and make a lot of money with this business? An understanding of the A+B+C=D principle.
"A" is your inventory of leads.
"B" is the number of presentations made to those leads.
"C" is the number of signups resulting from the presentations.
"D" is the money you receive from each signup.
So "A" represents your phone leads if you are using the phone to contact prospects. "B" is the number of times those people you speak to and watch the movie. "C" is the number of people you help get signed up for this business. "D" is the amount of money you earn by helping people get signed up. An example of A+B+C=D:
A: You spoke with 50 people this week.
B: 40 people watched the movie on the Website.
C: You helped 30 people sign up for this business.
D: You earned $1,050. (30*$35)=$1050.
So what is needed to become successful and make a lot of money with this business? Well if you want more of "D" you need more of "A", "B", and "C".
Conclusion:
Don't be alarmed if you are behind schedule. Thanks to compound interest, you may be able to make up lost ground fairly quickly if you put your money into the right investment vehicles. You may also find that there are ways to make extra money from home for investment purposes. For example, you may discover a way to earn an extra $2,000 or more per month working from home. Placing that $2,000 into a high-yield investment vehicle can do wonders for your retirement plan over time.
Online employment and online business opportunities are great ways to earn extra money. Work from home in order to increase your retirement savings if necessary. Getting an online job may allow you to utilize your skills and experience while helping you make money from home. There are plenty of ways to make money online and there are posts which provide details on how to make money from home with an online job. Click here to learn how to make money from home and how to find a legitimate online job.
