Home Based Business Entrepreneurs and the Internet Affiliate

Home based business entrepreneurs are ahead of the recession and its crushing effect on big corporations. Average working men and women, in the spirit of the entrepreneur, are stepping up to the plate to beat the odds and start their own home based business.

In Canada, small and medium sized business is the hope of the future. This segment of the population has been described as the backbone of the economy. Making the decision to take control of their financial future by supplementing or replacing their employment income is more prevalent today.

More emphasis is being placed on entrepreneurial endeavors to stimulate a sagging economy. Governments are offering tax benefits and incentives to develop work at home initiatives. There has never been a better time to look at alternative income choices.

Home based entrepreneurs can start a work from home enterprise at a fraction of the cost of traditional business start ups. Many entrepreneurs have a product of their own creation they wish to sell. Developing a product requires a lot of commitment and dedication to get the product ready for the marketplace. You are responsible for all aspects of developing your marketing plan and the costs involved can be substantial. In fact, the costs involved can be prohibitive for most people.

There is another way. The Internet offers a multitude of ways to start work from home. Many companies who have realized the power of the Internet as a marketing tool have developed opportunity plans to include the Internet. Affiliate programs come in all sizes and shapes, so to speak. Each company has their own unique way of compensating their affiliate members. Taking the time to research the company, its products and its compensation plan makes sense.

A well developed marketing and compensation plan creates a win-win-win situation. The company builds a workforce that doesn’t get paid unless product is sold. The distributor or representative of that company has market ready products, professional marketing and promotional information, flexibility to work their own hours and can earn compensation when product is sold through their network. The customer or end user gets quality products at competitive prices.

Advantages of an Internet home based business vs brick and mortar storefront:   

    * Low start up costs – often less than $5000      

    * Low maintenance costs – many under $500 a month   

    * Global marketplace

    * Low advertising costs    

    * Business partners instead of employees     

    * Schedule your time around your family needs   

    * Online cost effective marketing resources      

    * Tax advantages

More and more companies are becoming exclusively Internet based. Developing an online home business has some definite cost saving advantages. Once you have made your decision to build a business online, be sure it is a business to be proud of. After all, you will have to put in considerable time and energy to create a long term online presence to make money online.

Affiliate marketing is popular with entrepreneurs who don’t have their own product or service to market. A company that offers affiliate programs will pay you a commission to sell their products. They generally include marketing web sites, promotional tools and marketing information to get you started. The biggest advantage is instant start up. Once you have entered into an affiliate program you have everything you need to be successful in your home based business.

How to Stay Motivated As an Online Home Business Entrepreneur

No matter how dedicated and passionate you are about your online home business, as an entrepreneur who works from home it is inevitable that at some point you are going to find that your motivation levels begin to drop. This is something that will happen slowly over a period of time, so that you don’t realize it until you find that your productivity has almost slowed to a standstill.

Because this happens over a period of time, there are ways to maintain your levels of motivation by developing some daily habits. If you fail to do this what will happen is that your online home business is going to crumble, so it is essential for you to keep up on your daily tasks and keep your head in the game.

The best thing to do when you begin to lose focus is to just take a short break. Depending on your preferences you could either go for a walk to clear the cobwebs from your mind or maybe just take the whole day off.

Some people find that the best thing for them is to just change from the project they are working on, to something else for a short while but irrespective of how passionate and driven you are to succeed, there will be times that you find your motivation to carry on faltering, and just trying to push through it can do more harm than good. If you are not sufficiently focused your chances of making mistakes will increase or alternatively you may find yourself just not working efficiently. When you take a break it gives you the opportunity to refresh your mind and come back to working enthusiastically.

Two hours of focused and efficient work will reap better rewards than eight hours of trying to work and losing focus all the time. A break can help to get you feeling energetic and focused and you will achieve far more.

Another option to remain motivated is to set boundaries on the time you spend working. One of the difficulties faced by many online home business entrepreneurs is that they tend to spend most of their time in front of their computers. If you plan your time so that you allow time for family and friends in your schedule, just as you would if you worked a 9-5 job then you will have more motivation and focus when you are working. Let’s face it you wouldn’t spend 60 hours or more per week working in a regular job and just because you are working from home doesn’t mean you need to increase the hours you work.

Keep your motivation high by making sure that you really enjoy your free time. Many people feel guilty when they take time off and end up spending that time worrying that they are not working. One of the main reason why people choose to work from home is the freedom of choice that it allows, so enjoy the time when you are free, it will benefit both you and your business in many ways.

A big issue in the workplace and one that is regularly addressed is motivation and there is a good reason for this. When you are not motivated you will make more mistakes, you will not enjoy what you are doing and your work performance will suffer. This applies equally to running an online home business. Be pro-active, take regular breaks, set boundaries for yourself and enjoy the free time you allow yourself. By doing this you will keep your motivation levels high and you will find greater success for your online home business.

Be the Best and Success Will Follow – Successful Home Based Business Entrepreneur Characteristics

Are you the best? Is being the best simply locker room big talk, or is it something to strive for? Whatever standard you set for yourself as a home based business entrepreneur and as a human being, viewing excellence as a process, rather than merely a goal, can empower you toward high achievement.

THINK POSITIVELY: In business and in life, “to think is to create” is a proven formula. If you don’t visualize a positive outcome, if you can’t see yourself winning as a home based business entrepreneur, you’ve just made the mountain even higher.

Reaching the summits of success is a battle of the mind and it starts with a positive attitude towards all things. Napoleon Hill said it best, “Think and Grow Rich”.

HAVE A CLEAR VISION: The more precise your vision of a desired outcome, the higher the likelihood of it coming true. This isn’t new age-speak; it’s been ascertained that successful people in more than just the world of business, envisage their ambitions with much more clarity compared with others. See what you want and see it clearly, then go out and make it happen.

BE A POWER HOUSE: High achievers are uncompromisingly relentlessness. They never quit. They never let the tough times get them down. They are determined hard workers but more importantly they are determined smart workers. When they’re dropping off the pace they become even more determined smart workers. Highly successful people always search for ways to accomplish more, to go beyond the level at which other people are satisfied to stop.

NEVER STOP GROWING: High achievers never settle. They relish their successes and then they get right back in the game. Like an elite athlete, a successful home based business entrepreneur will honor the basics; they are always in spring training looking for ways to improve, to get stronger and to play at a higher level.

The world is full of seminars and books and CDs/DVDs covering all manner of personal growth opportunities and all of them are worth your time.

BRING ON THE COMPETITION: Champions respect their competitors not as enemies, but as catalysts they can leverage to push themselves to a higher level. Competition keeps you sharp; it pushes you to look at yourself and your business plan critically and to keep your focus in the face of life’s distractions.

SERVANT LEADERSHIP: Leadership is an earned right. High achievers know that the best leaders bring out the winner in everyone. They seek to serve rather than to be served, to empower success by extending their vision to others.

Your relationships are a lifeline that connects you to your dreams, so care for them as the most important element of your business plan. Core values of respect, courtesy and accountability, when combined, are the key to making sure your lifeline remains strong and keeps you connected. Make sure the mark you leave behind is a thing of beauty.

MAKE A PLAN: Your most valuable business treasure is your time. How you manage it determines your success as a home based business entrepreneur and to make the most of every day you need to prioritize.

Don’t allow the minor elements to discourage you, even when the larger issues seem intimidating. Develop work habits that drive toward efficiency and have the discipline to understand the hierarchy of value relative to what must be accomplished.

NEVER MAKE EXCUSES: Stuff happens, that’s just part of life. The first step in recovery from any set-back is acknowledgment and the facing of reality.

Learn from your mistakes and those of others. Look upon adversity as an opportunity for growth and change. Hold your head high and get back in the game, knowing that nothing can stop you.

NEVER SETTLE: Good isn’t good enough any more. When you take on becoming the best, just being good is not an option. Being good is a seductive enemy because it lures you into a state of complacency. At best, good is a stepping stone toward excellence and excellence is a stepping stone toward becoming the best.

DREAM ON: It takes courage to dream. Dreams are the stone slabs upon which high achievement is built and while stone slabs are not enough, they charge action with focus and energy.

Are you simply the best? Hopefully your answer is no, not yet. Because there’s always a higher level to be attained and outstanding achievers harness the power of these fundamentals to go there.

Choose to be one of them. Choose to honor these basic principles of success. Dream big, work smart, and never say never.