Sorry Folks, I may have laid an egg on this one. I am recommending to my team to hold off on any more funding of this program until they get a few things ironed out. Please understand I am not saying this won’t work out, I am only saying for now let’s use some caution. Sometimes these short-term programs blow up out of the gate but when they go good they go very good indeed.
As an example, about 18 months ago I pulled 18K out of a program I had a little over 2K in placements. That is not the only time. I also in the last year pulled almost 9K out of a program I put a little over 500 dollars into. Collectively I have earned way more than I have lost.
The thing to remember with companies like Ad Media Profit and for that matter Ad Click Express, another revenue share program we like, is that they can be very volatile and you have to spread yourself out if you are going to play this game. A few of them will work and work big but several are going to blow up in your face. That is why you buy a few of these and spread your risk.
Having said all that, I am not walking away from Ad Media Profit, I am just suggesting caution. Back to my story of how I pulled 18K out of one opportunity. Since then this opportunity looked like it was going to die an ugly death and yet now it looks like it may be coming back for another run and yes I am building a new position so if it pays off again it will add to my profits.
So for now just hang tight with this and in the meantime continue to spread your risk. That is the key to having success with the short term stuff. Hope this update helps.
So Why would I want to own a home based business? Well how about this…Freedom! I realized as I was faced with a conflict in my business that the real reason I work for myself is not even the money…it is more about the freedom to work when I want, where I want and how I want. I realized that no one has the right to tell me when I can, can not, should or should not make money. I actually realized this when I made a recent decision to take on a partner. This was not the smartest move I have ever made. Thing is I have made this same mistake before. For some this may work but if you are like me the reason you want to work for yourself is so no one can tell you what you have to do that day. You are the Boss!
Why Do You Want A Home Based Business?
Are you like me or do you just need more freedom with your time. Do you have family things that you have to miss because of work that you wish you did not have to? Is it a nice family vacation? A summer home? The internet lifestyle looks a little different to all of us but the one thing I think we all have in common is this drive for independence. We don’t like other people telling us what to do. Nor should we. Frankly most people can not even manage their own lives and I certainly don’t want them to have any control over the management of my life. Make no mistake, when someone else controls the purse strings they control you.
Personally I think the thing that separates the entrepreneur from others is their need to work outside of the box and the corporate scene just does not allow this to happen. If you are like me you can’t work for other people…oh you can fake it for awhile when necessary but never for long and never with any great success. This is not because their is something wrong with you it is exactly the opposite. Problem is you have been told your whole life to conform. But to what? Mediocrity?
You will become what you think about most
For better or worse that is the truth. The entrepreneur understands this completely through either an innate understanding or through learning the hard way. Either way you learn. If you head is full of negative thinking do not expect good things to happen. You will ultimately manifest what you think about most. If it is negative then so will be the outcomes. That is not to say that if you have a positive attitude that nothing bad will ever happen but when it does you will respond with an attitude that enables you to learn. If you are negative all you do is blame others for why things are not working in your life.
Why a Home Based Business?
Well for me it is a truth serum. At the end of the day whether I succeed or fail has nothing to do with any one else but me. That is good news and bad. The good news is I have all the power and the bad news is I have all the power. I can not blame any one for my success or failure but myself. That is a tremendous responsibility. To tell you the truth sometimes it scares the shit out of me. But this is what I do.
I have tried working for other people and I can even hold a job if I need to but to be honest I would rather walk on glass on my lips for a mile up hill than have a J.O.B.
A friend of mine has as his moniker “Profits are better than wages” I like that. It embodies the American Dream and everything the home based business person stands for.
To me that means producing a product that has value in the marketplace and then allowing the market to determine that value. If you have brought quality to the table then hopefully that will be rewarded. For the entrepreneur though the reward already came with the effort. If the money comes it is just further satisfaction.
That is the thing I believe most do not understand about the small business owner. While I am in it to make money that is actually the last reason I do what I do. The first reason is to honor myself, the second is to honor my family, the third reason is to honor my time and the last reason is the money.
Time and Money – Home Based Business Tips
Again you may have an entirely different list of reasons for why you want to own a home based business but I would guess that the last thing you are actually thinking about is how much money you will make and more time is spent thinking about what you can do with your new found time.
I encourage you to take some of that time and reward yourself for your efforts, even if they do not pay off as you had hoped. Do not diminish the value of the effort just because you did not get the result you hoped for. There is value in your effort and sooner or later it will pay off.
Just don’t give up…you know sooner or later you will get what you want if you just don’t give up!
So as we mentioned in the last article cash flow is critical to your success while building your home based business. The thing is sometimes the thing you think is going to just generate “cash flow” turns out to be something much bigger.
This brings me to the topic of discussion I want to have today and that is about one of the greatest skills the entrepreneur possesses and that is the ability to think quick, move on your feet and make things happen. The most vital skill of the entrepreneur is to be able to think on their feet and turn on a dime when necessary. Sometimes opportunities come up at the worst moment, or so it seems, but as it will often turn out this was the thing that became the Cornerstone of your success. I have recently come right up against this and it has caused me to have to move quickly, be creative and make some personal sacrifices and take more than a few chances but the payoff will be huge. My partner and I have already made way more than we invested.
Go Big or Go Home – Home Based Business
As you are all aware my main goal is to build my online presence and generate residual income by building a team of like minded people and a strong subscriber base that would all push towards the same goal at the same time. This remains my main focus but for a minute I have to move in another direction to, in the longer term, facilitate the growth of my long term projects.
So the other day I was talking about the importance of being able to generate cash flow to build your business without taking so much time to do it that you have no time left to build your actual business. Some would call it luck that I have found a simple solution to this challenge. I do not call it luck. A specific series of events occurred but they only occurred because I allowed myself the chance to make the connections necessary for this “lucky” thing to happen.
To recap, in my last post, I was talking about this idea that a good friend of mine gave me to make some cash to develop my business. He told me it would not take a ton of time and he was right. He also told me that it would replace the income I was making with half the work and he was right about that too. To tell you the truth he way understated the income potential of what he showed me. Honestly though this is not the point of this post. If you want to read that post you can find it Here
Having The Entrepreneurial Mindset
So this great opportunity comes up but I literally have to put the brakes on everything else to get it all organized set up so it can grow and grow it will. This thing that was just going to generate some quick cash flow made me a few thousand dollars already and I am only three weeks into it. I think that kind of result deserves some extra attention for a minute while I build it and then I can refocus back on the longer term projects.
The beauty of this is that these longer term projects are exactly that…longer term! I love MCA (Motor Club of America) and Get Weekly Paychecks and I will continue to grow these businesses on a consistent basis. In addition there are also a couple of other opportunities we recently have started to get involved with that I will be posting on our Biz Ops Page. None of that changes the fact that at this exact moment in time to reap the full benefit of this opportunity full energy will be required for a couple of months.
The beauty of it is that full attention in this instance means somewhere in the neighborhood of 25-30 hours a week. That leaves me a significant portion of time left to devote to my longer term goals. The thing is though is that you have to be quick on your feet.
You have got to be able to recognize the opportunity when it arises and when it does you must take action…even if you can not afford too. You must because that is what the entrepreneur does. Essentially if you are an entrepreneur then you know no other way to be.
The message of this article is that you will need cash flow for your home based business. It also needs to be a source of cash flow that does not take up so much of your time that you have none left over to build your business. This is going to take time and money. The Guru’s would have you believe otherwise. They would have you think that your mouse is attached to money and all you have to do is buy their $47.00 software which then turns out to be more like $200.00 with all the upgrades…”If you really want to be Successful”…lol…and then of course all you do is push the “Magic Button” and the money flies right out of your computer screen. I actually have an image of that somewhere in my computer.
So anyway that is not how it works. Building your home based business requires the same commitment to its growth that its offline counterpart needs. As I have mentioned before this is something that for some reason eluded my for quite some time. The problem is that building your business takes cash and oftentimes the necessary commitment to generating cash flow leaves you no time.
Let me give you a personal example. As I have mentioned before I really took a crash and burn over the last 12 months and had to rely on a job to pay my bills and not even all of them. So here I am working 50-60 hours a week at a job waiting tables and that left me little time to develop my business. Make no mistake I was still going to do it but it was going to take significantly longer unless I could devote more time to develop my home based business.
So to make a long story short, the other day I was talking with one of my long time associates and friend out in California. In the course of the conversation he asked me what I was doing to generate cash flow while I was building my business. I told him. He asked how much money I was making…I told him. Then he asked me if I would be interested in making a couple of hundred dollars a day for a few hours of work. Now understand I have known Greg for a few years and we have done business together and I really have a tremendous amount of respect for him and his wife so I paid attention.
My first thought when he told me what he was doing was that it could not be this simple. In reality I have come to find out that it is really that simple…lol.
I have a product that no one else has and I don’t even have to sell it. I literally get to play like a kid and get paid for it. When I say get paid I am not talking about ten bucks an hour paid. I am talking about 35-50 dollars per hour and that is when it is slow. Because of this increased cash flow I can replace my income and work about 15 hours a week instead of 45-50 hours per week and all of that extra time can now be devoted to my home based business, plus I have my freedom back to determine when, where and how often I work.
Cash Flow Needs For Your Home Based Business
So what is it that we need cash flow for? Well advertising of all sorts but advertising comes in many forms with many payment options and prices. There are many free options for advertising and they work but take time to set up. Realizing that your time is worth money even these are not free. Speaking specifically to paid options though there are still many to look at and frankly as you are learning you may lose some money.
Here is a short list of a few of your options for Paid Advertising
Solo Email Ads
Traffic Exchanges (Premium Memberships) – Also have free options in exchange for viewing sites
In addition to that there are other costs involved with building your home based business such as the cost of the various programs you are trying to build. I have found that because of money constraints that many times I have left the party too soon and missed a great opportunity just because I was not generating enough money soon enough to cover my costs. Let’s face it and realize that in the beginning this is going to cost some money to maintain. Below is another short list of business expenses you will have on an on-going basis.
Other Home Based Business Expenses
High Speed Internet
Office Expenses (Printer Ink, Paper etc…)
This is to name just a few additional expenses of running your home based business. I am not telling you this to scare you in any way but you have to understand that the same rule applies to your online business as would to an offline business, ie: if no one knows your pizza shop exists then you are not going to sell many pizza’s no matter how good it is.
So anyway the bottom line is you need cash flow for your home based business but you also need to be able to accomplish that in the shortest time possible so you have time left over to build your home based business. I think I have found an easy way to do just that. Having said that I am not going to go into a ton of detail on this post. If you want to know more then fill in the contact form and I will get back to you with the details.