Business or Hobby

Business or hobby?  What are you doing?

Are you in business or is it just a hobby?  Most people who are trying to make money online as affiliates are treating their business like a hobby, which is a very serious hindrance to their success.  Online affiliate marketing is what our business is!  Are you actually treating it as a business or not?

The fact that you are here on this site reading this blog is a strong indication that you’re serious about building a successful, long-term business for yourself and your family.  But remember, this IS business and any business takes time to build.  

 

 

business or hobby

If, like the vast majority of people, you thought that there was a way to quickly build a fortune without spending any money or doing any work, you need to stop right now and seriously rethink your future.  There is no way to “get rich quick.”

What I want to share with you is a way you can build a really solid, long-term, successful business at very little expense, and have a lot of fun doing it.

First of all, let’s take a look at traditional business.  Let’s take the restaurant business as an example.  Many people who love cooking, love the public, and are great cooks, take the plunge and open a restaurant.

Let’s say you are able to find a building for your restaurant that is already set up.  It’s perfect for your new business, because, while the last owner went broke, everything is in excellent condition, and the building is set up exactly the way you want (this would probably never happen!).

Next, you have to negotiate the lease with the owners of the building.  Let’s say your restaurant can seat 30 people and you’re able to get the lease for $2500 per month (dirt cheap).  So now you have a perfectly set-up restaurant for $1500 per month.

Now you have to make some choices.  You have to have at least three cooks, three waiters/waitresses, three dishwashers, and three host/hostesses.  Let’s say you don’t mind working 16 hours per day, so you decide to do the cooking.

Whoa!! Are you going to trust an employee to greet your guests and run the restaurant?  No way – you will be the host, and you’ll work 16 hours per day, 7 days a week.  So you’re back to hiring three cooks…

If you pay everyone $9/hour, your monthly bill for wages is $9 X 8 employees X 8hrs X 20 days=$11520 per month! You also have to pay employee benefits, and in most places you’d probably be arrested for paying so little!  Next, you have to pay for licensing, food, cleaning supplies, paper products, phones, etc.  Your monthly expense for your little restaurant would likely exceed $20,000 and that’s only if you work for free. No wonder restaurants close every day!

I used to co-own a marine business. Our overhead was somewhere around $70,000 per month, and that was 20 years ago!  I was lucky to take home $1500 per month. Some months I took home nothing. Why on earth would you want to own a traditional business???

Even if you manage to keep your head above water, you spend your time and resources training people, and then they quit and start their own business in direct competition with you, using all the things you taught them against you!!

Our business is totally different. But you must realize that it IS a business, not a game, and it requires hard work, dedication, and long term goals, just like any business.

There are two very big differences between our business, which is online and can be operated from home, and traditional business:

  1. Your overhead is VERY low – for under $500 per month you get your product, your website, your leads and your phone. There is NO traditional business that can make this claim.
  2. Everyone you train is on your team. That means that the more successfully you train them, the better they will do, but YOU will be rewarded, too. In other words, they will never compete with you; instead, they will enhance your business!

If you are simply playing at being in business, just quit. You’re wasting your time, and you’ll never earn a dime. The reason why 95% of online businesses don’t make any money is very simply a combination of three factors.

  1. A lack of real commitment and drive on your part. If you won’t seriously work at your own business, no one else will do it for you. If your commitment is to give it all you’ve got for a month to see if it works, you are definitely going to fail! If you’ve only got a month to “see if it works,” quit right now. You’re wasting your time. I mean, SERIOUSLY, folks, you have to go to grade one for a whole year to learn how to read; how do you expect to become a business expert in your new business in one month??? Give me a break!
  2. A lack of team support. You do need support. It is very unfortunate that so many “sponsors” won’t help their team. You can eliminate this challenge before you get started by contacting the person who has introduced you to a particular business before you start. If you can’t contact them or get any answers, find someone else to sponsor you. Many people have failed in some very good businesses because they couldn’t get answers when they needed them.
  3. A very poor business plan with crummy products. I list this one last, because it is the most common complaint I hear about business failure, but it is very often not the problem. These factors are listed here in order of most common reasons for failure. This IS the order they fall in.

Business or hobby?  What are you doing?  The biggest part of online success is not the cost, but your attitude.  Are you treating your activity online as a business or as a hobby?  Think about it.  Are you committed to your success or are you playing?  It’s your future.  You decide.

Dave Cottrell is the affiliate manager for Adlandpro.com.  Find out more on http://about.me/davecottrell

 

Enhanced by Zemanta
VN:F [1.9.22_1171]
Rating: 9.0/10 (9 votes cast)
VN:F [1.9.22_1171]
Rating: +6 (from 6 votes)
Business or Hobby, 9.0 out of 10 based on 9 ratings
Be Sociable, Share!

8 comments

  • Thanks Dave!
    This topic should belong to ABC’s of e-marketing.
    Human neurotransmitters are, to say, dispatchers which direct aimed intents to the instruments of their fulfillment. If we do not approach to something as to the job, our chances are usually ceased to 1%, and we waste time and energy.
    Each aim must be categorized (in our awarenes) and it will bring results according to that categorization. Aim to succeed in doing things within frame of Internet marketing, should be categorized as job, to bring results of JOB DONE :).

    Thanks Dave, your efforts to educate us are greatly appreciated.

    VA:F [1.9.22_1171]
    Rating: 5.0/5 (1 vote cast)
    VA:F [1.9.22_1171]
    Rating: +1 (from 1 vote)
    Reply
    • I agree one hundred percent, Branka. Unless you approach your home business as a real business and treat it like a job where you are both boss and employee, it becomes little more than an unprofitable hobby.

      VN:F [1.9.22_1171]
      Rating: 5.0/5 (1 vote cast)
      VN:F [1.9.22_1171]
      Rating: +1 (from 1 vote)
      Reply
  • Pingback: Business or Hobby - Social Media and Marketing ...

  • You are very right. I used to think that in US – people are very practical, but, I was wrong, very wrong. I know at least 1500 affiliates I have on a e-commerce site like mycommerce.com and another 1000+ on Avangate, who started online business, became affiliate of our product – just for the sake of being listed ! They do not take any action and think that money will automatically jump to their account !

    I tried to help them – no use – they do not want it!

    VA:F [1.9.22_1171]
    Rating: 5.0/5 (2 votes cast)
    VA:F [1.9.22_1171]
    Rating: +2 (from 2 votes)
    Reply
    • That’s the way it is in many places, Sabya. Help those who want help and let those who don’t want to work fade away.

      VN:F [1.9.22_1171]
      Rating: 5.0/5 (1 vote cast)
      VN:F [1.9.22_1171]
      Rating: +1 (from 1 vote)
      Reply
  • Hey there Dave,

    It is a hobby for many and that waste the time of others that are serious and truly trying to help you get to where you want to go. Unfortunately they see the glitz and big promises ofr thousands in a month. They seldom share that it took many of them years to be so successful and the reason they are. Is because of the connections they made that shared knowledge and taught them HOW TO DO. A few will see the light and those are who I prefer to work with. Listening to those that have been where you are now is one way to reach your success goals, those benchmarks of knowledge and practice you can only earn by being serious and all in to your business success. Once there you will learn shortcuts that frees up time you never dreamed you had and have the means to enjoy that time. No matter what your dream is, it is YOU that gets you there.

    ~RebelJim RKMC

    VA:F [1.9.22_1171]
    Rating: 5.0/5 (1 vote cast)
    VA:F [1.9.22_1171]
    Rating: +1 (from 1 vote)
    Reply
    • You sure got that right, Jim. Most people seem to see internet marketing like a big lottery ticket with their name on it. Unfortunately, just like the lottery, many will often pour their sweat and life savings into one “ticket” after another.
      Dave Cottrell recently posted…Ask for the Referral!My Profile

      VN:F [1.9.22_1171]
      Rating: 5.0/5 (1 vote cast)
      VN:F [1.9.22_1171]
      Rating: +1 (from 1 vote)
      Reply
  • Pingback: Business or Hobby « Bogdan Fiedur

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge

Follow

Get every new post on this blog delivered to your Inbox.

Join other followers:

%d bloggers like this: