Starting a business from home. For many people, it is the dream! However, all too often people rush into these things hoping to make a fortune and successful business without the right preparation and research. Here we’re going to break down the 5 major mistakes commonly made when starting a business from home and how you can avoid them.
Starting a Business From Home Mistake 1: Poor quality programs
First mistake when starting a business from home to avoid is rushing into a home-based business program that you know little or nothing about. Many people on the Internet want to make money from selling you the perfect program/courses and services that suggest they can hand you success on a silver platter. In many cases the course has barely even been tested. Look for testimonials and reviews, ask around. Test the credibility of the site offering the program/course. In-fact, often the best way to know if a site is reliable is by seeing if they get good traffic. Check their social media following size, their rankings on Google. If they’re not doing well on these things, then how can they teach YOU to be successful?
Starting a Business From Home Mistake 2: The 30 day Success Myth
Second mistake you must avoid is thinking you can go from a newbie to a successful entrepreneur in 30 days or less. Of course it is not impossivble, but most end up with a giant information overflow and no money in the pocket. Realistically, you should plan for a modest income the first 3-5 months. All too often wanna-be entrepreneurs believe they can ‘make it’ in a month and their motivation collapses when they get hit with the bitter reality and they give up. When starting a business from home plan to run a marathon and you will have the momentum and sustainability to succeed.
Starting a Business From Home Mistake 3: Quitting too Soon
Third mistake is quitting a program too soon. A common ‘business killer’ is thinking there is something wrong with the program when the money doesn’t start pouring in. Often it is a question of making minor changes, adapting, measuring the effects of the changes and waiting for things to start happen. Consistency is absolutely key! You are here for the long game. As Anthony Robbins greatly says “Repetition is the mother of skill”. Keep working on your business and you will become an expert in the field.
Starting a Business From Home Mistake 4: The ‘Short-Cuts’
Forth mistake is to starting cheating when you get desperate and low on self-esteem There are a lot of scrupulous people out there making money from guys who have been knocked in the first round.
There are a lot of ‘short-cuts’ in the online business world such as using invisible keywords to boost search engine rankings, spamming keywords and so on. Google is becoming more and effective at detecting bad play and will simply sanction and even ban your site. Stand by principle and avoid these ‘short-cuts’ and you will avoid a serious step back in your business.
Starting a Business From Home Mistake 5: Neglecting Basic Steps
Fifth mistake to avoid when starting a business from home is to neglect learning about the basic parts of running an online business. The basic steps for succeeding with a home-based business is to create content, attract visitors and make money from you visitors. You can buy some product and services that help you on the way, but you must understand and be able to handle the basic parts of your business on your own in order to create your home business and grow. Outsourcing parts of the business is a necessary step later on in your business, but until you can afford it, get experienced with handling the business independently.
Starting a home based Internet business is a bit like a boxing match. Be patient, work hard and smart and you will become the chamption of home-based Internet marketing.
For more information on starting and planning a business, check out the “Business Planning” section of out blog to learn more.
In addition, check out Gary Vaynerchuk’s article on “My advice For First-Time Entrepreneurs” when thinking of starting a business.
Leave a Reply