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Why I Failed in my first Home Business

Why I Failed In My First Home Business

Are you going to start a home based business? Do you reckon you have what it takes? I am going to tell you how I failed at my first home based business. Hopefully you can learn from my mistakes & succeed.

There’s many home based business opportunities. A number of them are internet related & some are not. You can start something out of your own imagination. Or you can order a plug-n-play system from somebody else.

Only looking at the dollar signs

My problem is that I got so overwhelmed with the potential that I didn’t pay attention to the details. I saw that I could make big money & that is all I saw. In the back of my mind I knew that I would not enjoy the work required to make this business a success. But I kept looking at the dollar signs. I kept telling myself that I could do something that I wasn’t comfortable doing if it meant becoming rich.

I want to tell you about my home based business & why I failed at it.

It is because I had unrealistic expectations. I dreamed about being my own boss & quitting my day job. I came across an opportunity that seemed too lovely to be true, and it was, don’t get me wrong. This opportunity was legitimate and a lot of people had made a lot of money with it.

You see, I wasn’t quite the marketer I thought I was. I’d listened to all of the stories of other people making millions of dollars with the program but didn’t really stop to think about all of the people that didn’t make any money at all. This job required me to run advertising on platforms such as facebook to promote my business. It also required that I write my own sales copy and facebook ads.

I spent a tremendous amount of money on advertising, and I didn’t get a lot of results. All of the advertising amounted to a huge loss because I was unable to convert the prospects into leads. I watched all of the company’s tutorial videos to try and get an idea of how I needed to structure my ads to be like one of the top dogs. But they all seemed to end up being a big sales pitch for me to join at a higher level.

In summary

Pick the business opportunity that is right for you. Don’t start a business because somebody else has made money on it. Concentrate on building a business that is right for you and the profits will come.

Here are some important points for you to follow if you require to succeed.

1. Examine the business opportunity and be realistic. If the job is going to require you to take actions that you are uncomfortable with, then you won’t succeed.

2. Ignore the dollars and pick something you like doing. If you don’t like what you are doing, you won’t succeed.

3. Stay within your personal potential. Just because John Doe makes $1000 a week doing a business from home, it doesn’t mean you will. It takes different kinds of people to do different things. Not everybody can succeed at the same thing.

4. Stick with a budget. Don’t let somebody else talk you into spending more money than you can afford.

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