The Cornerstones Of Home Based Business

Almost every affiliate program on the Internet is in reality Multi-level Marketing because you are paid on more than one level. It is without a doubt the easiest way for the average person to grow a long-term income. For most of us its the only way available to earn our independence.

Multi-level marketing, known as affiliate programs on the Internet, work because you can get free advertising from others and pay only when a sale is made. It works for your affiliates because they invest little or nothing to earn residual income from the sales of your products.

If you can develop your own product or gain exclusive control of a product or service, you will earn much more than simply selling someone elses products.

Its fine to learn the ropes re-selling someone elses products. Its harder and more time-consuming to develop your product or service, but long term its usually more than worth the effort.

There Are Five Ways We Can Earn Income.

Working a job is the easiest way to develop specific work skills. Its second only to getting higher education. The long-term problem with jobs, is that most people will never make the incomes. The higher your income, the more likely you are to be replaced by someone who will work for less.

Owning a business requires you to can make a major investment. It takes years to grow and your income depends on profit from the labor of others.

Investments work, but to earn a lot of money, you must have a great deal of it to start with. This method should not be overlooked as retirement income, but its too slow to work for most of us in the short term.

Residual income is the way that inventors, authors, actors and musicians earn income. Future earnings are derived from work you have already performed.

The key to understanding residual income is in understanding you will do a lot of work FIRST, usually before you see much or sometimes any money. It involves taking a leap of faith.

A Home Based Business requires very little up-front investment and residual income earnings may continue to grow long after your initial efforts are complete.

Because starting a home-based business is the only REAL option for most of us, will devote my attention to explaining what it takes to grow a home-based Internet business.

Gary White, he founder of the Cookie-Cutter marketing system, recently said the following in his members only newsletter.

"Internet Marketing is a PROFESSION...not a get-rich-quick scam. Learning ANY profession takes time and work. Master this one, and you can live anywhere...any WAY you please. Youll have an abundance of time and money with which to enjoy life."
The key element to understand in order to master a Home Based Business is the idea that you absolutely cant fail unless you quit. Be a doer, not a tryer! Treat your business like it is a business, Not like a hobby!

Consider your business as if it were a franchise. The franchise owner expects a long haul and sees every day as a step closer to success. Due to the high costs involved in purchasing a franchise you have a lot to lose if you fail. Dont even consider failure as an option.

Most people fail a few times before they get it right. Successful people fail too. Successful people are successful because they dont give up when they fail. They keep trying until they get it right, while quitters quit.

Dont ever buy into the notion "I Cant" - you can - CANT never did anything.

Dont be recruited. Choose your home business based on skills you already have developed. Success in any business depends on a set of learned professional skills.

Choose your teammates carefully. Choose people who learn quickly, can plan, and are willing to work. They are the ones who will stick around. Dont waste your time trying to make people into something they are not.

To find the right people for you to work with, listen to what they ask or tell you - thats why God gave us two ears and only one mouth.

Many people are looking for someone to hold their hand. Its OK to hold someones hand from time to time, but ultimately you will not succeed working with someone who does not understand how to work on his or her own.

Although its contrary to popular thinking, I choose my teammates carefully, as if I was considering hiring them as a manager in my own business. If they have a strong skill set in some area where I am lacking, it will most likely be a good union.

Since you can only teach what you already know, you want teammates who bring something of their own to the table.

If you want to learn more about the ideas presented in this article you can read some of the following articles contained in the archives on my web site.

The Art Of Duplication Is A Key To Online Success
http://www.smithfam.com/news/f0.html

Target & Diversify
http://www.smithfam.com/news/oct99w.html

What Do You Bring To The Table
http://www.smithfam.com/news/aug99aa.html

A Master Mind Alliance
http://www.smithfam.com/mma.html

Franchise Mentality!
http://www.smithfam.com/news/ma14.html

The Power Of Team Building
http://www.smithfam.com/teambld.html

The Power Of Residual Income
http://www.smithfam.com/news/dec99a.html

Why Residual Income Is Smart Money
http://www.smithfam.com/news/feb99r

Cookie-Cutter & Marketing Boot Camp
http://www.smithfam.com/cc.html

Best Wishes
Bob

About the Author

ROBERT SMITH

bob@smithfam.com
http://www.smithfam.com/