Why Your Home Based Online Business Failed to Make Money

If your business does not money, here’s the reassuring news.

Failure in running a home based business or an online business is common. Recovery from failure to success is also common, and for those owners persistent enough to bounce back, nothing can make them go back to their old lifestyles ever.

So what went wrong? And how to pick up the baton and touch the finish line? How to be finally successful in our journey to make money?

1. Incorrect mindset

Most of us come from a career background. We have the worker mindset. Our focus is to get our job done and collect the paycheck. We are afraid when other people come do our job. They might later take away our job.

As a business owner, whether it’s a home based business or an online business, we have to plan, find product to sell, make that product, sell that product, make the customer happy so they want to come back again and again for more, communicate with people interested to buy but have not yet decided to buy. There’s so much to do when we choose to make money on our own.

We need a change to a home based business and online business owner mindset. But what is this mindset like?

Recognize that time is of utmost importance when we set out to make money. Whatever that we can get other people to do we should. If free that’s great. If there is a cost then as long as its affordable, and the works get done better and faster than we can achieve ourselves, go for it. Deciding factor is can we make money? Do not allow self-pride to hinder our goal to make money.

Just like the aeroplane taking off from the runway, the home based online business must be up and running soonest, at all costs.

2. Help for your home based or online business

As a home business or online business owner we are our own teacher and mentor. Sometimes that may not be enough. It’s good to have a friend who is also running a home based business or online business like yourself. So very often the kind of difficulties that need to be overcome are common and there is no need to re-invent a solution when asking and sharing is all it takes. This can alleviate a whole lot of stress.

3. Run out of gas

We have to keep the initial enthusiasm and fire burning. Never allow the wish to make money to wane. Key to making sure this never happens is to get your home based online business to earn money as fast as possible, doesn’t matter that it is small income at the beginning. It is a well-known fact that franchise businesses exhibit a significantly higher success rate and earlier take off rate than completely new concept businesses.

4. Patience and determination

It definitely helps to have a symbol of your goal right in front of you. Why are you working your guts out for? This can be a model of a house that you want to own, a Porsche car that you have been dreaming so long to have, a happy family that can afford they things they want, and so on. Some look at their children and immediately feel the necessity and the must do even I die trying kind of force. You’ve got to be able to survive the bounce.

5. Don’t fall for short cuts

It’s an illusion. Short cuts, especially when they come free of charge, don’t work. There are many people who made millions in a month. People can push buttons and make tons of money, but it takes time, knowledge and a whole lot of experience to do it. The best that you can do, and this is proven to work, is you should aim to cut short your learning curve, and better still, earn while you learn.

6 Fail because your home based business or online business never got started

If you want to learn how to swim, you’ve got to get in the pool!

Reading and planning and for that matter watching a ton of videos will in fact certainly help you… but please don’t stop there. If you want to make money the take definite action to get your home based business or online business off the ground.