Browsing all articles tagged with Business

The internet has changed the ability for people to start a business with very little upfront cash investment. It wasn’t that long ago when starting a business would cost you tens of thousands of dollars, if not hundreds of thousands, and be an unpredictable jump into debt that you may or may not turn into a profit. Using the power of the internet opens opportunities beyond comprehension if it were 1995, but there is no question how technology today can help you accomplish goals you may never have thought would be possible back then.

There seems to be a fear that investing 5,000, 2,000 or even 500 dollars in a business is dangerous. While the fear of investing that much money is understood if you’re new to being “in business”, it’s only a fraction of what you’d typically invest in a business. Technology now allows you to tap into a world of connected individuals across the globe with practically no expense, in relative terms.

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Nearly every week on any major news/media broadcast or publication you can soak up a report talking about some element of the weak economy. This may be about job cuts at a large high-tech corporation, suffering public school funding, rising healthcare costs, wasteful Government spending, or dozens of other applicable situations. The media does a great job of telling you the sky is falling and unfortunately far too many people get sucked into believing most, if not all, of it.

While this is not meant to bring forth attention to the negative side of news (notice how the majority of it IS negative), I want to open your eyes to a different, abnormal way to listen. It may be unconventional but have you realized that much of the recent success behind so many start-ups is because they have NOT been conventional? They’ve thought out of the box, different than their competitors.

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You flip on the TV, skip through a couple channels, you’re bound to land on a reality TV show of some fashion. Between finding the next greatest chef to matching bachelors to bachelorette to wilderness survival…it’s a pretty “real” world. Actually, it’s not necessarily as real as portrayed but what is it that keeps us coming back for more? Why does someone else’s experience draw us to be entertained?

There’s one thing I know for a fact; you’re not getting any younger. Is there really enough value in watching reality TV shows that you spend a few hours (or more) in front of the television? Now of course some of the shows can be informative but the majority? Definitely not worth the time.

Instead, I challenge you to take an hour, grab a book, and read. I’ll be the first to admit that reading is not my thing. Heck, if I could have everything in video or audio form, that would be sweet! Let’s not kid ourselves – somethings are better in text form anyway. But lately I’ve began doing the unthinkable – picking up a book and swallowing up the content. And I must say that I’m actually enjoying it.

You’re probably wondering what exactly it is that I’m reading, right? As this probably isn’t a shocker, I’m not really reading for “fun” per say but instead for motivation, keeping up my drive, staying connected with other entrepreneurs, and trying to remain up-to-speed.  A couple months ago the book I picked up and read through in a couple days was Crush It by Gary Vaynerchuk, and you can read my Crush It review if you’re interested in hearing about the book. Currently, I’m reading Rework by the co-founder of 37Signals, Jason Fried, and Partner, David Heinemeier Hansson. Seeing as I’m only about 50 pages into the book thus far there isn’t a whole lot I can share, but what I’ve read up to this point is awesome. For the early entrepreneur, the enthusiastic go-getter, the type of person who loves making this happen and seeing the results, this book is  a perfect fit. Generally speaking it’s a testament to those who are trying to build a product, service, and/or business with little money, a team made up of 1-3 people, and even those who think spending 80 hours a week working is crazy. If you fit any of those molds…get this book and then let me know what you find most interesting.

Spending that extra 2 hours a week, flipping open those pages in a book such as Rework or Crush It can absolutely change your life. It’s not about some grand ole’ plan to determine your path but instead get your off your butt, moving towards what you want to accomplish. Life is short and the TV can certainly be put aside.

There are thousands of people who join a home-based business or network marketing business every year. Many people simply want a side income while some people want to work the business as a full-time income. Whatever your interest level may be, it doesn’t make a difference. What DOES make a difference is your time and attitude.

Many years ago when I first got into network marketing it was simply because I wanted to make money. Now of course the majority of people want to make money in their business – kind of silly to think otherwise. My drive was to make a bunch of money even though I didn’t really know what a “business” was at the time. My mind was focused on the wrong thing. I was not seeing the overall picture of the situation.

At the time I was in college, trying to get through classes I really didn’t want to attend, doing homework I wasn’t excited to do, etc.. But when I could, I spent time advertising (probably spamming), calling cold leads, emailing people that I had networked with, and so on. While I was doing that my mind was in the game of “Come on, I want to make some money!” and “Dude…please buy this stuff so I can get paid!”.

The unfortunate side to it all is that…it really didn’t work out too well. I made a few sales but I worked FAR more than I should have for the results I got. It wasn’t the products (directly) nor that I wasn’t spending enough time (that’s for sure). It was me, and partially the training I had been through…if it can be considered training.

Please please please…before you jump into a home-based business or network marketing business, ask yourself these following questions:

  1. Do you want a full-time, part-time or passive income?
  2. Will you dedicate 2, 4, 8, 12 or more hours a week?
  3. Would this be a business or a hobby for you?

Those are three simple questions you need to know your answers to BEFORE you start. Why? It’s important to plan ahead, not to fool yourself into thinking “I want to have a business too!” when in you’re only fooling yourself.

People who really build a network marketing business well spend 3 to 4+ hours a day doing so, and for many people it’s hard to get 30 minutes to themselves just to relax after a long day at their job.

So…my question to you is…are you interested in a business or is your goal just to try making some extra money? A business takes work, lots of it. You need to provide support to your customers and to your team members/organization. You will want to constantly be building leads, finding new customers and new distributors. It may involve some light traveling and even attending corporate events. You may also want to attend house parties or organize meetings.You see? These are things you should be thinking about.

Building a home-based business doesn’t happen over night. It may take you a few months before you have more than a dozen new members or you could be very successful and grow at 20 new members a month – both are very possible situations.

Be realistic with yourself. Get excited but don’t think that by joining a business you will suddenly make a bunch of money with little work – it simply doesn’t happen like you may believe.

Questions? Ask me and I’d be glad to help you out.