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What It Takes!
first step is to make the commitment to building a successful
This is not the everyday, ordinary kind of "commitment" we all
take for granted. This is a �serious as a heart attack�
commitment, like the kind you make to your children. You'll �Do
Whatever It Takes!� to ensure your children grow up happy and
successful. I am here to tell you, you'll need to have that same level
of commitment for your home based business. Anything less will make what I am about
to show you irrelevant. If you are ready to make this level of
commitment, you will want to BOOKMARK THIS SITE now. All the
information I have provided for you will require a good bit of time to
absorb properly and you will want to be able to come back and review it
OFTEN as you successfully build your home based business.
you have made a real commitment, you'll have to decide what kind of
business do you want to run. there are a number of factors you'll want
of Operation - the simpler the better. Ideally you'd sell a
product or service that requires little real work to deliver to your
customer, better yet is selling a product or service that you don't
have to deliver... someone else does that for you. The smaller the
amount of time it takes for you to earn your money, the more time
you'll have to spend what you earn... or the less it will interfere
with your current job while you build your home based business.
Cash Flow and Accounting - Especially if you are selling
something for someone else, be absolutely certain you can trust them
to pay you, and that you can easily determine what you've earned. If
your selling a product or service directly, be sure you can
accurately trace each transaction for every customer. Also be sure
you know what ALL your REAL expenses are. It can be most
disheartening to discover your best sales month ever still didn't
get you to break even!
factor - often overlooked, but perhaps the most important!
If you don't have fun at what you do... you probably won't do what
you need to to be successful. No matter how much money it could make
you, if you aren't happy doing it, it isn't worth doing.
Most Importantly, there are two principles you must fully
understand to produce a successful home-based business.
Meter Drop - This term comes from the Real Estate and Stock Market Guru, Wade
Cook. It refers to his days as a taxi driver. What it means is this.
Instead of trying to get the big-money airport run, take the easy,
short, consistent in-town runs. It will add up to much more than you
can ever make "swinging for the fences", to use another
analogy. For you it means to earn a small amount from several low
cost products instead of trying to "make it big" with
just one high priced item or service.
Income Streams - I've
used this term for so long I've forgotten where it originated.
Simply put, it means having several sources (streams) of income
continually feeding your river of money! Most folks have a single
source, their 9 to 5 job or Social Security/pension check. What you
are going to learn are the many highly effective methods you can use
to combine several sources of "Meter Drop" type streams of
income into a substantial monthly river of money!
Let's look at these two principles more