From a very early age I can remember always wanting to "run
my own business". As a very small child, I used to make "note
pads" from scraps of paper stapled together and added my
own "business name".
Even
in primary school I was developing my "entrepreneurial skills",
even though I didn't realise it at the time! There was a girl
in my class called Jackie (we were only 7 at the time) who wanted
a favour. My barter was simple - I would help her, if she was
willing to give me her tiny blue stapler and 5p. 5p wasn't much
then either but it was the principle of trading assets that I
was learning.
Football stickers were all the rage back in the 1970's and rather
than buying my own, I used to ask the other kids if they had any
they didn't want (in particular "low value" ones such
as the goalies of 3rd division sides). When I'd collected enough,
I'd swap a group of them for a higher value sticker and then trade
that one for more. And so on. Very similar to the guy in the States
who traded one red paperclip for a house - (see the video....)
IWhen
the 80's arrived, I was very excited by the arrival of my first
ever computer - a ZX Spectrum - with a massive 16K memory.
This started my passion for computers and I saw older kids (16
year olds) becoming millionaires from selling really pretty awful
games in the computer magazines such as "Your Computer"
and "Sinclair User".
I taught myself how to programme in ZX BASIC and started producing
my own games and applications and sold one game to a friend at
school. I called it Aardsville (to make sure it was listed at
the top of the games lists in the magazines as they were all listed
alphabetically). It was all about running your own tourist steam
railway business. You had to work out how much to spend on advertising,
how much train track to lay, and how much to charge for tickets.
I guess a similar version today is "Railway tycoon".
I
also sold a computer programme which was published in "Popular
Computing Weekly". Even that programme was business based
as it calculated the return on your savings, taking into account
compound interest.
At the time of the explosion in the home computing industry,
I was just a couple of years too young to be legally able to start
selling my own software or other people's software, though I did
collect all the "sales information" from the companies
at the time such as "imagine software" and visited some
computer fairs in London.
I wanted to leave school at 16, but didn't know what to do so
I ended up stayed on, and went to university.
In the late '80's I started trading shares. It was the late Thatcher
years and I had bought some British Gas shares. My first real
trade though was, totally unresearched, buying shares in Burtons
clothing group. My thinking at the time was simple - "winter's
coming - sales of jumpers are going to go up!". I got out
of the trade pretty quickly as I soon realised I didn't have a
clue what I was doing, but at least I had found out how to trade
shares whilst at work.
Later
on I subscribed to a publication called "TechInvest"
and made some very good money trading technology based shares
in the first dot com boom of the late '90's. I bought shares in
a company called "Tadpole technology" and they rose
so fast, at one point I thought I was going to be able to retire
before 30!
I also entered a fantasy share trading competition in Investors
Chronicle and ended up 14th out of 10,000's who entered. I remember
the winner, who was a pharmacist at the time, went on to start
his own investment fund and managed millions for others. I wonder
what he's doing today though? I think I prefer working from home
and not having the hassle of office politics.
In the mid to late 1990's I spotted an article by Alan Cane in
the Financial Times talking about the internet. I was determined
NOT to let THIS opportunity pass me by, even though my boss at
the time considered the "internet" was "probably
just another passing fad like CB radio" (those were his exact
words - last I knew he was still working in his office 15 hours
a day and on Christmas day too!).
I worked out how to get my PC linked up to the internet and started
learning as much as I could about it. All totally self taught.
There was no one to learn from back then.
In late 2000 I was getting totally stressed at work - I was no
longer enjoying working 9-5 even though I was only spending 1
day a week in the offce (I was a sales rep at this stage and so
could pretty much set my week how I wanted it, visiting customers
up and down the country) and the company I was working for obviously
did not value the work I was doing for them for reasons I won't
go into here.
So, in late 2000 I decided I had had enough - and QUIT! I didn't
have another job to go to. I had a well paid, comfortable job
with various "perks" such as a company car, private
pension etc. so it was a brave decision considering just a few
days earlier we found out were were expecting our first baby!
I guess you need to be a risk taker if you are an entpreneur.
My first venture as a self employed person was selling advertising
space on a website I had created called "Process Index.com".
However, I soon realised I needed to generate more income and
so I also decided to start selling mobile phones and landlines
from a company called Telecom plus PLC I had researched about
12 months earlier. (now know under the brand of "Utility
Warehouse").
That was a breakthrough moment!
Telecom plus is an network marketing company and a lot of people
are mistakenly scared of network markering companies which is
a shame because as long as you do your diligence it's pretty easy
to spot the genuine opportunities from the pyramid scams. Quite
simply, as long as the products are competitively priced and in
big demand you're safe.
A network marketing company is a great way to start your own
business for VERY low financial risk. Typically about £200
gets you set up and started. Considering some franchises cost
well over £200,000 and don't necessarily make you any more
money, it's a very good return on investment.
See "Paul in the press"
to see how the local paper reported my success.
I've not looked back since I quit my job in 2000 and I highly
recommend if you are considering doing the same, to get in touch
with me.
You should also check out my "Quit925"
website which will tell you more about the sort of businesses
I'm involved with today along with marketing tips and ideas.
I totally believe, if I can do it (with no training or experience)
then anyone!
Start
your own home based business TODAY! Click
Here
Here's my top tips for business success:
1) Find a product with mass appeal (don't worry about competition,
competition will prove there is a market and is a GOOD thing!)
2) Find a supplier with great marketing materials and support
(why bother trying to learn marketing skills when others have
already done it for you?)
3) Find a supplier willing to deliver the goods/services direct
to customers (you don't want to turn your garage into a warehouse!
There are plenty of suppliers willing to supply direct to customers)
4) Find a supplier who pays good commission (not fantastic commission
as they will probably go bust) in return for finding customers.
Look for companies who are prepared to pay you on the lifetime
value of a customer, rather than a one off payment. This will
give you far greater securing for the "lean times"..
5) Work at your business for at LEAST 6 months before deciding
whether or not it's working. I see too many people put about 20-50
hours into a new business and decide "it's not worth it".
Be honest with yourself otherwise you are only cheating yourself.
You will probably need to put in at least 6 months work into a
business before you'll know if it's working.
6) Never quit (unless it's not working). Realise that any business
is slow to start, and as long as the growth is there, let the
long term growth be your friend.
Here's some other advice that is very sound.
Are You The Next Internet Millionaire ?
by Michel Richer
If you're like most Internet users...your email inbox is bombarded
with home business offer, but nothing's working ...and now you're
wondering if anyone out there will ever really help you, or if
they're all just trying to take MONEY from you!
Let's face it, we would all like MORE hours in the day... MORE
time to enjoy with the kids, more time on the golf course... even
more time with the spouse!
Let's talk face to face there is no easy way to succeed. Talk
to people who succeed like George Walton of wal-mart or other
like Donald Trump. They will tell you that it takes lot's of determination.
You have to be a man of action to really succeed.
Like i said there is no easy road. But of course you can succeed
like me. You have to be persistent.
You have to build your business brick by brick. One step at a
time. You start at the base of the ladder first.
Everyone who as succeeded in life have start at the base. Thats
a fact of life. Like the man you are today, start as a baby.
Even the most dynamic, highest-earning entrepreneurs in the industry
took MONTHS to begin seeing an income of any real significance.
And the real wealth, the $100,000+ income we all strive for,
took an average of almost 3 YEARS to achieve!
Do you think ANY of these gentlemen don’t think the ends
justified the means?
Do you think for an instant that the months and years invested
hasn’t been rewarded a thousand times at least? You don't
even have to think about it, do you?
So now you know ! It takes an average of 3 YEARS to build a significant
income on the internet.
Every house is build brick by brick. So is your business !
Of course we all want to go faster. But we have to start at the
base first. It's a basic law. We are subject to time and circumstances.
We have to learn. We have to experiment. With learning and experimenting
we get experience. And with experience we become an expert.
We have to set goals. The goals will guide us one step at a time.
It will will pave the way to our success.
You cannot go on a road trip without knowing your destination.
You need a map. You need time. You need to rest. You need to eat.
And sometimes there is roadblock.
When we hit a dead end we turn back and take another road. But
we keep going to our destination.
It's the same thing with your home business. There is bumps and
jumps and sometimes we crash. But we always keep our eyes to the
goal. That is what give us the drive. It's our paradise. The goal
become our existence. And it is.
By never, never giving up you will reach your goal one day. One
mile at a time. It's impossible that you won't reach it. Unless
you die.
That's the only secrets to success. One client at a time. One
step at a time. 100 client at a time. Until you reach thousand
like me and make your $100,000 a year and +.
To make $100,000 a year, start by making $100 per month. After
$200 a month. And after $500 a month. And after $5000. And so
on and so on.
Day by day, your on your way to succeed, week by week your on
your way to succeed, month after month your on you way to succeed,
year after year your on your way to succeed.
Until you reach your goal in 3 YEARS. (Maybe less, Maybe More.)
We reap what we sow, but the harvest is never in the same season
as the planting! Today you are planting...and will be at least
for the next several months.
Your harvest will come in time. Be persistent. Be patient. Think
long term. Take action every day, (no matter how small) to build
your business and you cannot fail.
MY 11 SECRETS TO BECOME A MILLIONAIRE
1. Your first ultimate start must include written goals and plans.
Formulate a plan of weekly activity and be persistent in following
it—if you fail to plan, you plan to fail. Sticking to your
plan is essential for success.
2.Don't wait for everything to be exactly right to start...THERE
WILL NEVER BE A "PERFECT" TIME! Start now, with whatever
you have.
The things you need will come to you as you work toward your
goal. You cannot become successful in anything when you're trying
to do too many things at once.
3. Treat your business as a serious, full-time business, and
it will become one. Think of your first six months primarily as
a training period. Don't expect large earnings until after you've
educated yourself.
4. Be patient. You'll work the hardest your first six months
or so and get compensated the least. Big incomes never happen
overnight.
They only come after you've properly shown your affiliates how
to duplicate your efforts. Always be ENTHUSIASTIC!! Don't give
yourself unrealistic expectations.
5. Don't complain to your upline leaders. Realize that what you
accomplish is mainly in your hands, no one else's.
Also realize that, when you see a problem, 95% of the time there
are factors you are unaware of. Don't jump to conclusions. When
you have a problem, present it in a concise letter as positive,
constructive criticism. Offer solutions if possible, too.
Not only will this approach get you better results, but you'll
be building your relationship with your upline instead of tearing
it down.
6. Be organized, but don't allow the act of organizing keep you
from the most important element of a successful business: MARKETING.
Market and promote your business EVERY DAY! Don't let little
problems upset you. Concentrate on the many positives...and the
"big picture."
7. Always remember that the only thing that will never change
is that there will always be changes. Don't let changes upset
you.
Know that you will have to deal with changes and other obstacles,
both big and small, continually. Be prepared to be flexible.
8. Don't be a negative thinker and don't let the negative attitudes
of others (even if they're family members, friends, or peers)
influence you.
All the great men and women in history had to overcome the naysayers
who said it couldn't be done—and then went out and did it.
Think for yourself!
9. Don't be derailed by "perfection paralysis." Realize
that you won't be able to do everything perfectly. Do the best
job you can, then move on to the next project. Keep learning and
keep moving ahead.
10. Read books (such as Napoleon Hill's classic, "Think
And Grow Rich") that will convince you how powerful your
mind really is. Develop the tremendous potential in you (that
we all have) that has never been tapped!
11. Don't quit. The only way to fail is if you give up. Remember
always..."You are what you think you are"
PERMISSIONS TO REPUBLISH: This article may be republished in
its entirety free of charge, electronically or in print, provided
it appears with the included copyright and author’s resource
box with live website link.
Courtesy of: http://hombyz.com
About the Author
Michel Richer is the Business Manager and Webmaster of http://Hombyz.com
With over 10 years experience in home based internet business
and a SOLID REPUTATION in the industry. He is dedicated to helping
you SUCCEED on the Internet.