In the past, learning how to trade would to take years to perfect. You would have to learn how to read price charts, recognize patterns, use oscillators and indicators, have sound money management techniques plus keep your emotions in line the entire time. It was no easy task!
One of the best home businesses for building cash is online auctions. Some people have no money to start their business, so a great way to get it is by just having a yard sale. Homes and garages are notorious for containing unwanted and unused items. By selling those items, you can normally make at least 0, if not more. So take that 0 and buy some wholesale goods to auction online. These are great because you pay pennies on the dollar for something you can resell at full price. You can keep selling, investing back into more product, and so on and so on. Each time you will be making more money than the last time.
As I mentioned, I learned about the 10/90 rule from him. When I first read about this rule, it made me think about my network marketing career. For many years I attempted to build a network marketing business. And, I hate to, but must admit, I failed miserably. But, after understanding the rule, I know the reason I failed was simply that I took no time (let alone 10%) to find out the underlying laws, principles, rules, methods and techniques of successful action in the network marketing field. Notice, I did not find out the successful action. I primarily listened to the thoughts, hype and opinions of those who themselves had never taken the time to investigate how to be successful. Does that remind you of the blind leading the blind?
But while you may think the search can be frustrating, it isn’t all hopeless. There are legitimate home business opportunities out there and yes you can earn money from them. If you do want to start your own business don’t give up your search.
Build your email list. You can always tell serious Internet marketers because they have a sign-up form to their newsletter above the fold where people can find it.
Once you have the all-important great idea and you know it is perfect for you, start collecting as much information as possible. Look online, at your local library and in bookstores for information that relates to your business. Find a person that is already successful in your field and ask him or her for guidance. They may even surprise you by offering to be your mentor. Many websites are available online to aspiring entrepreneurs, so if you can’t find a role model in your own market, you likely will be able to in another state or country. Take advantage of their ideas and advice. It pays to do your homework!
This is going to be a “well duh” moment when you read this. Ready? The hot button is Hope! Hope is why people join business opportunities, why they seek them out, and why they’ll sit through your hour long presentation displaying your soaps, lotions, and super powerful vitamins. It’s all because of hope. What are they hoping for? It’s shouldn’t be too hard to figure out because it’s the same stuff you’re hoping for. They’re hoping for a better life. They’re hoping to stop the stress of where the money for the next bill is going to come from. Or worse yet (and more true these days), where the money for the big leaning pile of bills on the counter is going to come from.