5 Tips To Make Money With Your Home Based Business – Learn From My Mistakes

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Mesa ForecastSo I recently relocated to SUNNY and HOT Mesa Arizona from NY and the reason that I was able to pick up and move to someplace that I wanted to was because I work from home full time and don’t have a “JOB”. I didn’t have to ask a boss and get company approval AND I didn’t have to try to find a job when I got out here! I’ll admit that, in the beginning, gaining positive traction in the home business industry is not easy but once you figure out what you’re doing and get some direction then it’s an awesome way to make a living! The freedom that having your own successful home business provides is both liberating and very cool. In this article I want to share with you some tips on how to make money from home. I want to share some mistakes that I made so that you don’t have to make the same ones so you’ll hopefully have a slightly smoother journey!

Tip #1: Brand Yourself
This is something that I did early on and it’s really helped me over the past four and a half years. The fact is, in the home business industry, people join or buy from people and not just from websites. I know the websites all look great and all and tell you how much money you can make but people want to sign up with people who they can relate to and feel like they know, like and trust. Also, this is the internet age and don’t think for a second that prospects won’t Google you because they will. What will they find? I recommend creating a blog, building a social media profile at least on Facebook and LinkedIn, really “put yourself out there”. This will help you tremendously because most people are not willing to do this.

Tip #2: Become The Best Possible Sponsor
This tip related to Tip #1 and the idea that people join people. If you’re in a home based business, your income is tied directly to your ability to sponsor new people and to help those people make money by sponsoring their own new people. You MUST become good at this if you expect to make any decent money. This means that you must know your business opportunity inside and out, know your competition, and know how to help the people you bring into the business. This means that you must be responsive – answer your phone, respond to emails, etc. Believe it or not, most people are not good sponsors and are not very responsive so if you learn this skill you will be miles ahead of your competition!

Tip #3: Learn To Drive Traffic
I find that the majority of people who get involved with a home based business want to work their business primarily online. This method is very effective since it lets you reach a very large prospect pool quickly BUT there tends to be a big learning curve and the majority of people are not willing to learn or implement the essentials to marketing online effectively. Recruiting is a numbers game and you need big numbers. The faster you understand this the better off you will be. I tell people that they should focus on generating at least 10 fresh leads per day. If you’re doing less, I would not expect to make much if your marketing online exclusively. There are plenty of different online strategies. Get good at a few and watch your business grow!

Tip #4: Stay Focused
I will admit that I was not very good at this for a while. You see, I got pretty good at Tips #1-3 and became a believer in the “multiple streams of income” that is preached online. While it’s fundamentally sound, it takes a LOT of time and energy to build multiple businesses. If you’re not making a significant income with one business, why would you start another? The internet exposes us to numerous businesses daily with glitzy websites and the promise of great fortune. Don’t fall for the hype! Pick ONE business that resonates with you and WORK IT. I have learned that it’s essential to be laser focused. People like to join STABILITY too 🙂

Tip #5: Treat Your Business Like a Business
If you expect to have your business efforts reward you like a business owner, then you must treat your business like a business. Treat your business as if you just invested your last nickel into it and you have no option but to make it work. If you treat your business like a hobby, it will pay you like a hobby. Golf is a favorite hobby of mine and nobody pays me to play. In fact, I pay the course to play! Make sure that you work on your business daily. This means learning, marketing and engaging new prospects and following up with old ones. You WILL be rewarded if you do.

That really is your SUCCESS MAP according to Steve in a nutshell. Implement these tips starting today and you’ll look back in 6 months and you’ll be glad you did!

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4 Comments

  • All great points, Steve. So many people start network marketing and become a lifeless distributor number. Then, they get frustrated in six months and jump to another MLM. These mistakes are so common, yet so easy to remedy with the right education. Thanks again, awesome blog!

  • Hi Lisa – thanks for the comment! I am loving AZ (although the “dry heat” is unique to say the least!). I have not made it to Sedona yet although I did make it to San Diego and that was fun and am heading to Las Vegas the end of this month. The west is different from the east for sure – much more laid back which I like.

    Steve

  • Hi Steve!

    Great post. Your tips are spot-on. Branding yourself online is one of the most important things you can do. People know,like and trust you.
    Treating your business like a business is key to success. I don’t know why so many network marketers treat their business like a hobby and then are surprised that it pays them like a hobby (hobbies cost money.)
    Congrats on your success!
    Lisa

    P.S. Many years ago I left NY for AZ as well. I since relocated to California and love it! Best to you in your new state! I love AZ, such a beautiful place. Have you made it up to Sedona?
    Lisa´s last blog post ..Daily Method of Operation in Network Marketing

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