Many people dream of starting a business, but there are multiple barriers that keep them from realizing that dream. Starting a traditional business may cost tens or even hundreds of thousands of dollars to get off the ground. Then there are other factors like location, production and legal hoops to jump through. This makes it almost impossible for people with full-time jobs to take their entrepreneurial future and financial situation into their own hands.
The beauty of home-based businesses is that they have much lower barriers to entry. The cost to start is often just a few hundred dollars. Joining an established company removes many of the other hurdles to entrepreneurship. Best of all, these types of businesses are built to give people long-term residual income, without demanding constant daily toil for decades.
And there’s a common secret we’ve found in the stories of the most successful home-based business owners:
WORK THE BUSINESS AS HARD AS YOU CAN IN THE BEGINNING.
How to Get Started Right
First, it’s important to choose the right company and product. Do your research to find a company that you like, trust and with whose values you align, one you can feel proud and excited to represent. Be sure the products are solid, and learn about all the tools and resources the company provides to help you in sharing it with others.
Once you commit, hit the ground running hard. Use the tried and tested strategies that have worked for others and follow the plan the company sets out. Be consistent. Work the business as much as possible, every opportunity you get. Make calls, hold parties, build momentum and lay a sturdy foundation. Be prepared for some sacrifices — less time spent on entertainment and fun, squeezing in calls during commutes, or going out of your way to have lunch or coffee with prospects. Realistically you should spend 80% of your time in front of prospects in order to get the maximum benefit from your business-building efforts.
When it gets difficult, remind yourself that starting off right pays off later, and sets home-based business owners up to earn residual income they can count on for years down the line. Oftentimes, it even allows them to step away from the business when life intervenes with other demands.
Real Help When You Least Expect It
LIMU Promoter Kelly English experienced this first-hand when her husband was diagnosed with cancer several years into her LIMU journey. Naturally, she dropped everything to care for him, which meant cutting back on traveling and working LIMU. But because she’d built a solid base for residual income, the checks kept coming even while she wasn’t actively promoting.
“It was a blessing in the middle of a very horrible chapter of my life,” she recently said.
Kelly is just one of thousands who’ve found long-term success and financial freedom through residual income from a home-based business, by working the plan their company sets forth hard and giving it their all early on. Work is still needed to sustain the business over time, but when a strong base is in place, building becomes much more doable and less difficult.