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When you get involved with a home business everybody has dreams of making enough money to be able to stay home and enjoy life the way they want to. That is the dream we are all after, the so called American dream. That does happen for a select few. But the over whelming majority lose their butts at working a home business. They listen to what they are told to do from their upline. Like place classified ads, buy opportunity leads and get on auto ship and the word duplication. Duplication is the art of duplicating failure. If it wasn’t then there wouldn’t be a failure rate in this industry of 95%. Does all this sound familiar? I know it does, because that is how the majority of mlm and network marketing companies work. I also know this is the way it is because when I got started I almost went broke from this way of doing business. The amount of money you have going out never comes back in sales. Why, because all of this is the wrong way to run a successful business. For myself, I realized all this too late at first. It cost me more than money. It cost me a marriage of 18 years. Why, because when you get started in a home business you can just taste the success you want. Then you start spending more money thinking if I can just make this work it will all come back to me and my family. You then start taking making away from other things and putting it into the home business. Then you see another business, you get involved with that one then another and so on. Now you have become a home business junky. All because you wanted the American dream. That isn’t an excuse but it’s the way it is. When all that really has to be done is start doing business the way it should be done. First, get involved with a home business that will give you immediate cash flow. This means a home business that when you get a sale the money comes to you first. You then take out your part and send the other part to the company you are working with. Having a home business like this is how you start becoming successful. This will give you cash in hand so you can stay in the home business game without taking out money from your budget. So now that you have cash in hand you will need leads to get your business going. So you need a way to get leads free. That way the money you have stays in your hands. But they have to be targeted leads. People who have show with their actions they are interested in a home business. Better yet, ways to get free leads and have them pay you to be a lead. That’s the way to do business. Always making money without hardly spending any. Something that has a good training system within it. Do you see how doing a home business this way puts the averages into your favor? Because if you get more money coming in than going out you are now a profitable home business. Once you get your home business going and it is making money now you need to put another home business into your portfolio. I try to ad one new business a year to my business portfolio. This is how you make multiply income streams. When you get several income streams going it won’t matter if something happens to one of the income streams. Because you have build others to take its place. There are so many companies that go out of business because of one thing or another. So if you had all your eggs in that one business and it went out of business you would find yourself working at McDonalds. You wouldn’t have any income coming in if your business disappeared. That is why it is so important for people who have home based businesses to have more than one. But only after you get your home business into profit should you move onto another business. Always have a couple of cash cows. Always have a couple of residual income home businesses. You know the businesses that you build and get a monthly check from. That is the true way to build true wealth. Here’s an example of residual income. If you had gotten hold of say $500,000 and put it in an interest baring account. Let’s say it paid 5% on your money. That would be $25,000 a year you would get in interest on the $500,000 and that is $2083 a month from that money. So let’s say you build a home business to the point where you are making $2100 a month of residual income that means you really have an asset worth $500,000. Check the figures its right. For the sake of argument let’s say you had a million dollars to put into the bank. You’re getting 5% on the million dollars. That’s $50,000 a year in interest and that’s $4166 a month of income from that million. Now lets say you build a home business to the point you are getting $4200 a month. You have now created an asset of a million dollars. Now I said asset, that’s what millionaires have assets. So want do you think is easier, getting a million dollars together or building an income stream from a home business that creates a million dollar asset. The answer is easy, building a residual income from a home business. You have to start thinking in the right might set. Now take it from me, you don’t want to do a home business the wrong way. I hope this helps some of you get going in the right direction. To see what I am talking about go to http://www.jimsleadtraffic.com

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How to Fail In a Home Business

How to Fail In a Home Business

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