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    All the above is right on the money. I also believe that support is an essential part of a home business. Depending on what type you are in. If you started your own business with your own product, then a mentor is also a huge help. Which in many parts of the world are free for consultation.
    1. they have been where you are. 2. you can learn from their mistakes and learn from what is working for their business and incorporate it into your own business plan/marketing strategy.


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    Re: What Makes Your Home Business Succeed?
    Without a simple, proven, duplicatable system, success will be minimal. That is what has made a difference for me. It can make a difference for you too.

    To your better future,

    Dan


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    Re: What Makes Your Home Business Succeed?
    [quote="dschutte"]Without a simple, proven, duplicatable system, success will be minimal. That is what has made a difference for me. It can make a difference for you too.


    So Dan - what does that mean? I've been reading this topic, wondering what people would say - and I come away with the feeling that what XYZ is selling - is what will make me money. Or so XYZ wants me to think.

    Doesn't tell me much. I don't mean to be confrontational - I just don't understand what's actually being said on some of these.

    Jen Lownie


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    Re: What Makes Your Home Business Succeed?
    Quote Originally Posted by toprunner
    A few weeks ago I have written about the “Key Factors of a successful home business”. A lady has reacted to this article and she has mentioned some important aspects, e.g. “Is the product a category creator?” I want dwell on this question. What could “category creator” mean?

    From the Creative Idea…

    A category creator can be interpreted as a new, creative business idea. It has to be something new that is unique. The marketing science knows the term of “Unique Selling Proposition”. It’s different from other offers on the market. Even a product of the everydays life can be reformulated and market in an unparalled way.

    …To the Innovation Management

    Peter F. Drucker, the grand old man of the management science, has created the term of innovation management. He has passed away recently and it is appropiate to honor him. He has written that a new idea or a new product is only an innovation, if it succeeds on the market.

    The home business industry grows daily. Thousands of people start a new home business every day. Many among them join already existing business fields. Many newcomers begin with an already made turn-key website and try to promote it. Thousands of online home businesses are abandoned because they have not satisfied their owners.

    New ideas are needed. The online home business world has seen a lot of trends. Online business malls have been sold. Niche Marketing has been promoted. Now we see a “get-paid-to” wave. “Get paid to surf” and “get paid to read” websites are mushrooming. New varities of this kind of website appear and they are called “get paid to play games” or “it pays to learn”. Internet entrepreneurs try to make money by launching and promoting new kind of sites that attract masses of customers.

    How To Get to the Top?

    The radio news has reported recently about a successful website. This website has achieved the top listing at the Google Search Engine. It has got a mass of traffic, customers and sales. What are the website owners doing? They just offer a subscription for socks. People can subscribe for a steady and regular supply of new socks. A common product is market successfully in a new way that meets many people’s need.

    The Time Has To Be Ripe

    A lucky timing of the launching of a new product or service is also necessery. The time has to be ripe for the new business idea. If this is the case, a product sells itselfs.

    True Business Success
    I have to agree with Leo's response. Real success in business comes by getting people to do small things consistently over a long period of time. This is best done through network marketing where leveraging can take place readily just as Leo has outlined in his response. I'm a physician and have worked had my entire career. I make really good money but don't have the time to enjoy because that job doesn't have any income leveraging. I have 2 new businesses in addition to my medical practice and they both allow leveraged income potential. One of them is network marketing and that one is more exciting because of the passive, residual, leveraged income potential. Docagel


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    Re: What Makes Your Home Business Succeed?
    Most businesses are generally based good ideas, in my opinion the reason why most internet based businesses do not succeed is down to 2 reasons

    1. Paitence is needed in all businesses, especially internet based ones, having good visability on the web is not easy. Too many people foolishly give up after a short space of time.

    2. We are now in the age of too many people simply starting a business with a view to selling it after a few years, this in my opinion is not the way forward.


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    Your post sums up almost everything that you need in any business environment for it to thrive. Having a great idea with the perfect market demand, then it is possible to build your home business a lot faster. Also try and deliver top notch services and products they are the ones that will make the first impression to the customers.


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    Persistence and determination is key to success in business.


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    Quote Originally Posted by Miami View Post
    As an NWM consultant, owner and teacher for the last eight years, these are most of the things I look for in a business:
    1. Company stability - how long in business, check the web for the amount of negativity, financial stability (I like privately held debt free!)
    2. Leadership - Owners that are not only known in the company circles but industry wide as well.
    3. Professionalism and competentcy - I want a company who chooses direct marketing as vehicle to promote their products and not a network marketing company who chooses a product to sell!
    4. Support and training and systems - how well done are their materials and websites, training and processes? Are they updated and current? Are they professional and in good taste?
    5. Products - I look for products people use habitually and pay unconciously - and I want the company to own and deliver those products. There is too much competition to be a reseller. I also want a product(s) that is exciting to the consumer.
    6. Timing - Most of the serious money in direct marketing is made by the people who are in when the demand for a particular product is building toward critical mass - lots of people talking about it.
    7. Upline/leader skill and willingness to help - this is crucial to a new person as these people can make your business happen so much faster.
    8. Pay plan - I look for simple pay that provides decent up front money for building your business and an easily understable residual income based on customer gathering and product sales.

    These are the factual type things to look for. One more that does come to mind is passion. Can you yourself get excited and passionate about the products? If not don't get involved. Most people will join you in a business not neccesarily because of the product - it is because of you!

    Be smart and you can find a company that will allow you to own a people franchise with an incredible chance to change you and your families lives for generations!
    This is an excellent list of information. A quality business needs quality planning.


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    Pertaining to the things that you need for your home business, I dont think they differ at all to success in any type of business. You need a good business model, a good idea, a great product, good staff and most of all PATIENCE and WILLINGNESS to learn and try hard even if you dont succeed. With all of these you will eventually find success.


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    #20
    Join Date
    Feb 2014
    Location
    Painesville Ohio
    Posts
    20
    I agree with all of the answers, when you have a home based business you have to stay organized and focused. I have found that having a separate office space for work and a different space for home.


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