I saw a report today on HLN about the new trend in work from home business’. Their spin on it was about how many lose money and whether or not these companies were just scamming people out of their money. The whole story was negative. However, they did state some statistics that I thought were interesting. So I want to share them with you and then discuss how they are both right and wrong.
First, they stated that 54 percent of internet entrepreneurs made no money at all and some lost on average up to 10k. A good portion quit within a few weeks. So what do we know about these people in this category? We know that they had a desire to earn money, they probably even had dreams of retiring from their job. What happened? They got into marketing and then they realized it takes effort. Lots of effort. Unless you are already tech-savvy about internet marketing already you have a lot to learn. That means hours reading, listening and studying. My point here is that these people only wanted to make money. That’s it. They didn’t want to really work. These are your get rich quick people. They never make it once they figure out how much work being your own boss really is.
The report then stated that the 46 percent left made money but most made just enough to break even. Wow, That’s awesome. You broke even. Then what? I find that this is a critical point in an online business owner. Most make the wrong decision at this point that brings them to a halt, and they stop making money. One reason is complacency. I have seen this over and over again and have actually put myself in this predicament many times. I call it the celebration interruption. I have worked so hard to get to that level of success that I basically stop working. I tell myself I deserve a few days off. I mean after all look how hard I worked, I can do it again. I just need some time off. So you take a couple of days off. Then that turns into three then four. Then the mindset changes and doubt creeps in because you know that now you have to start over AGAIN. On the internet, if you are gone for just a short while people go elsewhere. Our attention span is short and if you’re not connecting and giving value you lose market share.
I had a mentor who once told me to go get a job because I liked to party too much. He said every time you make money you go do something to spend it and stop working on your business, so go get a job. WOW!. He was right though. I was treating my business like a hobby. You can see why these people never go any further
Now I am not saying all of them in this category fit this profile. There are those who are struggling to make a better life. There are those who want to learn their craft so they can provide value. These are my kind of people. The people who truly want a better way, a better life.
Then we come to the top 4 percent of the 46 percent who are making money. These are the ones they credited for making all the money and they implied that the majority were less than honest. Really? Yes, there are some unscrupulous folks out there as there are anywhere in business, but overall most are honest and truly out to help you make money.
Every one of those successful entrepreneurs has been through the exact thing you have been through or are going through. I promise you that. The difference is vision. Most have had a vision of who they want to be and what they want to do. This vision is strong enough to compel them to do whatever is necessary to achieve that vision. They don’t let obstacles stop them. They research them and find a way around or over them. 100 percent of all successful people have a mentor, so they look for those who can help them move forward or present them with new ideas, methods, strategies. Do you see the difference and why they are making money? They do what it takes, Whatever!.
So I take exception with HLN’s assessment of the state of work from home jobs. I think they are doing fantastic and if you aren’t on board now you will regret it later.