Sometimes when you are looking for your big idea to get your home business rolling, there can be some business models which just look to good to be true. But how can you distinguish these scam home businesses from the genuine ones? This article looks at some of the vital signs that evolve around home business.
The economy is in poor shape nowadays people are losing their jobs year 2010 and 2011. In a cut throat business world, you may well feel that there’s little you’ll be able to do about this. But when it comes to creating money online, it is exactly the opposite. When folks are losing their jobs, they have to have money, and what greater way to make money then assist others make money?
When someone tells me, “Here is the income I wish to make this year.” I respond, “Cool. Let’s figure out how many units you have to sell and also at what price. Only then, can we place the product together, but we have to get it done later.”
Everything that is profitable and productive operates on a system. This is something which I acquired from Bill Glazer after I spoke in an event for him years back that changed my life. He taught me the 3 business lessons you should learn from McDonalds. McDonalds? Yes. Everything at Mickey D’s operates on a system from how long they cook the fries to which ads go out to what time the doors are open. I mean that is all in the system. I believe you even visit Hamburger University should you work there if I am not mistaken. It’s all based on a system.
James Malinchak Reminds Speakers And Entrepreneurs – A Five Dollar Calculator Is Your Very Best Resource
Oh, this is huge, your entire business is operated by a $5 calculator. What?! Oh yeah, folks, it is really simple. When the numbers don’t work, then the numbers don’t work. I know I hear you already, “Yeah James, but this is really a good idea.” “Okay, let us run the numbers. Hmm, your fantastic idea according to this $5 calculator informs me you will lose about 7,000 bucks a month.” “But, it is a good idea, and I like it.” I know; I get it. It is a good idea for you, too after you figure out how to make it profitable according to the calculator! For now, we’re talking about operating a business thinking strategically, and the numbers don’t add up.
This advice has been around forever. I didn’t invent this or anything as it is something that I heard years back because it has existed. However, this information bears repeating since it is valuable information that never ever gets old. The adage is the fact that there are just three ways you develop a business, get more buyers, get people to buy more often, and get them to buy greater amounts.
Time to be shocked! I might be the only one who informs you the truth about your customers. That truth is that the customer may not always be right. The truth is, it is likely there are times your customer is wrong. Therefore, I’m going to share a message for you that will completely liberate you from stress and worry. I am aware that this advice is shocking, but you’ve got to cut loose the customers that insist they’re right when they are wrong. Why? They are going to say that your advice didn’t work. Yeah, it did not work because they were not willing to do what you said to do to better their business.
When I suggest that you need to repel more people than you attract in order to increase your business I might shock you. I realize that this advice is totally different from the way a lot of people teach you to operate a business. Most people tell you to attract anyone you can and say that everybody is your customer. However, I have found out that it is bad advice to take anybody and everyone. Do not assume everyone is a potential client. I’m saying from personal experience that you need to be selective with whom you allow in your organization and with whom you choose to consult. I realized the hard way that you want to repel more people than you attract.
It’s a well-known fact that some topics aren’t considered favorably with regards to speaking opportunities for various organizations. That’s the reason why you need to get over the criticism and limitations of what other people in the industry might say about you. As sure as I speak about money, I can promise you right now, there are event planners and other speakers in particular speaker groups bashing me and my topics of choice. If you’re wondering why, it is because I reveal the secrets of setting fees to generate income in this industry. When I speak about making money and how to avoid wasting money in the speaking world, I tend to ruffle some feathers.
The best coach for me when I was in college playing ball. He was somebody that just tore me up because he told me I could not do something. He said that I didn’t deserve the scholarship. He told me this because he knew I’d do anything prove him wrong. A good coach knew how to pull that out of me. He knew that was my personality style which meant it wouldn’t work for someone else. I knew what would get Julie moving. The most difficult thing I had to do was to say that with a straight face to her. I wanted to hug her after because I could tell what it did to her. But, I knew what it would do. It was like medicine.