Starting and running a successful online business is something that almost anyone can do. You don’t need a college degree or perfect SAT scores.
So, why don’t more people have success with an online home business?
Honestly, it’s because it requires things that can’t be measured by scores, grades or degrees. Being able to have a successful online home business means that you will need to train yourself to get out of the employee mindset and become extremely focused.
The following seven things are, in my opinion, absolutely essential to not only starting an online home business, but are also essential if you want it to be successful!
7 Keys To A Successful Online Home Business:
1. Solid Business Model
If you try to build a big, beautiful house on a weak foundation, it may seem great and look perfect at first, but watch out. Over time, it could crumble and eventually fall to the ground.
The same is true with a home business.
A home business isn’t about getting rich quick and “free” business opportunities. (Remember, you get what you pay for!) It’s about having a good business model, a business model that has been proven to work and will allow you to build your business over time.
2. Training and Leadership
For many, having an online home business is a completely new experience, so don’t go it alone. One of the greatest ways to be successful at things in life is to find someone who is already successful and do what they are doing.
The same is true here.
Finding fantastic leadership is so vital and there are many successful home business owners to learn from. This can save you from making so many mistakes and can shorten your learning curve by months or even years.
It is crucial to find a mentor who can not only offer you leadership and guidance, but also extensive training. Starting your own home business is going to force you to learn many new exciting skills, no short cuts here. It’s important to stay focused, but just as critical that you have the correct training available.
3. Leverage
Leverage is a big one. Being able to leverage your time is one of the best rewards to having your own online home business. To be able to do something only once, but be able to reap the benefits over and over for many years is extremely rewarding.
Another vital aspect of leverage is the training we mentioned above. It is important to consider how you are going to train new distributors as they join your team. Yes, it is your responsibility to guide and mentor them, but are you going to be responsible for training each one individually? Or does your business model have a training platform in place that will take care of that for you?
As a home business owner, you want to enjoy the freedom that this industry allows. It is important to make sure you are not going to get caught in the cycle of having to do all of the training yourself, because that is certainly not a good way to leverage your time!
4. Discipline
Discipline is vital and shouldn’t be overlooked. Almost everyone that starts an online home business has or has had an employee mindset. We go to work and collect a paycheck at the end of each week. We are accustomed to trading time for money.
Well, this is all about to change.
When you are running an online home business, no one cares how much time you work. Sorry, but it’s the truth. It’s about working smart and getting results, not about the hours that you work. The most crucial thing is committing yourself, every day, to actually getting the work you need done!
No one is going to be standing over you telling you to get your job done. No more time clock. No more “paycheck.” You must have the discipline to do the work yourself if you want to be successful. This can be more difficult than most think, but if you are disciplined, the rewards are massive.
5. Focus
Great. You are disciplined enought to sit down to do your work, but are you focused? We all struggle with this one at one time or another, veterans as well as novices. You go online to do some research and you stumble across a YouTube video which leads to another video and another…you get the point!
Having a well-written “To-Do” list can be the difference between a profitable home business and a “hobby.” Some people write their lists the night before, some prefer to do it in the morning. Some write them on a white board, some use a text document on the computer and others just write them on a piece of paper.
It doesn’t matter where and when you do it, but it does matter that you do do it. How are we going to know that we’re done for the day and that we accomplished what we needed to if we don’t have a list? Working “on the fly” may feel like it works for a while, but in the end maintaining a focused effort will make all the difference in the world.
6. Mindset
Mindset can sometimes be overlooked, but it’s important that it isn’t. The right mindset can be the difference in your business being successful or not. You have to believe in what you are doing.
Period.
If you are just “trying out” your business to see if it “works,” let me tell you: it won’t work. It’s that simple.
Our businesses grow in direct relationship to our own personal growth. Personal development is crucial to entrepreneurs. I have yet to meet a successful home business owner who doesn’t believe in personal development and spending time on mindset and personal growth.
Again, there is a shift from being an employee to being a home business owner. A shift from having $50,000 being a yearly goal to having it become a monthly goal. You see, we are taught to believe that we have limitations, but we need to lift those in order to find success. Most of us are taught that in order to be successful, we need to go to school, get good grades, go to college and get a good job and that’s our only real option to having success in our lives.
This is not true, and we need to reprogram our way of thinking.
I can tell you from experience that personal development has been essential to the success of our business and I truly don’t think anyone can have long term success without the right mindset.
7. Passion
Do you get excited about your business or are you ashamed of it? Does your business feel like a job? Are you motivated to help others be successful in starting and running their own home business? The last thing you want is for your business to feel like “work” or be something you don’t enjoy because then you most likely won’t spend much time on it. If you don’t put the time into building your home business, it’s not very likely that it will be successful.
That’s why it’s so important that you are passionate when it comes to your business. It’s also vital that you have specific reasons why you are starting a home business and that you are passionate about these reasons.
Please don’t say it’s about the money or the fancy cars because at the end of the day, those don’t make for good reasons. You see, money is just a vehicle to allow you to have/do what you want in life.
What is it that you want?
* Do you want to be able to spend more time with your family?
* Do you want to be able to sit down every night to dinner with your kids?
* Do you want to be able to travel the world?
* Do you want to be able to dedicate time to your favorite charity?
* Do you want to start your own charity?
* Or do you just want to be able to get up without an alarm clock and work in your pajamas…?
Whatever the reason, it has to be something you are extremely passionate about because if you aren’t, you may lose the drive to succeed. It may just become easier to go to your job and collect your paycheck.
So find your passion and nurture it! That is what will propel you to succeed and that will be what keeps you going when things might seem tough!
Well, now that you know the 7 keys to starting and running a successful online home business, what are you waiting for? This industry is filled with some amazing people, but there’s always room for one more!