Percentage Of Students Dropping Out Of College Due To Finances Why Do 95% of Home Based Businesses Fail?

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Why Do 95% of Home Based Businesses Fail?

A new revolution is taking the American workforce by storm: the online home-based business revolution. Online biz opportunities abound and they all promise to hand you the moon on a silver platter, so here’s some advice to all you online biz pros out there: BEWARE!!

Something like 95% of home based businesses fail! When you take a closer look at why this is happening, it really doesn’t have much to do with the company or the quality of the products they offer. Success or failure in any home based business is a direct result of the following factors:

Experience (or lack thereof) Network marketers need to be able to: network and market. Learning these essential skills is often a lifelong pursuit. It can take years to become a skilled network marketer. However, when dealing in the online arena, it is possible to shorten the learning curve by a large percentage. Still, many people enter the network marketing field, either online or offline, with high hopes and big dreams. It doesn’t take long before they realize the limited background in sales and marketing results if any success is achieved. This leads to discouragement and eventually quitting. Networkers should have top notch industry training from successful leaders who can show you the ropes and coach you all the way to success.

money Even if you’re a pro at marketing and networking, you still need a marketing budget. The scale and scope of your campaign will determine your budget. Many network newbies don’t anticipate the need for a marketing budget and are discouraged when they see their competition amassing huge campaign dollars, stealing and stamping the market. Networkers need a simple, cost effective marketing system.

the time Most networkers start part-time while continuing to work to pay the bills. After a long day at work and a grueling commute, a hurried hello to family and a quick dinner, there isn’t much time left in the day to sit on the phone and make cold calls or appointments. Networkers need an effective way to attract prospects to them. Being the victim rather than the victim is the key to time efficiency. When prospects come to you, it’s only a matter of time before you sign up first!

So don’t be intimidated by the statistics about how many home based business owners quit or fail. Using experience, money and time to your advantage instead of your detriment will make the difference between your success or failure. With the right training, and affordable marketing, and effective prospecting methods, anyone can earn CEO income from home and gain complete independence.

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