What’s Holding you Back?

What is stopping you from starting that home based business? Usually when I ask that question, I get one of several answers, usually having to do with doubt, fear, or time (not enough of). Or some combination or variation of those three. Of those three, only doubt is perhaps well founded.  There are a lot of scams out on the net masquerading as home based businesses and anyone considering a home business should be wary of them. But that doesn’t mean you should keep a closed mind to every opportunity that comes your way. Keep the doors open, but don’t walk through them blindly.  Ask some tough questions of whoever you tries to sign you up and that includes me.  I am not afraid of tough questions, the worst that can happen is that I won’t know the answer and have to get back to you on it. As for the other two things; fear and lack of time, perhaps a subject for another day. But those are self imposed limits in my opinion.  So what’s stopping you?

Time is Right for Home Based Business

A while back I blogged about the importance of having a Plan B. Plan B as in what happens if my primary source of income drops off? This is becoming increasingly more important as jobs get fewer and fewer. A lot of people I talk to say they don’t think they can operate a home based business because the economy is so bad. That’s a glass half full or half empty thing. The reality is actually the opposite of what you might think if you are looking at the empty half. Now the is best time to get involved in a home based business because a lot of people are looking for answers to their Plan B question right now.

There were always be a large portion of people who will never consider a home based business. But as jobs get scarcer and pay scales become more eroded, many people will start to think about starting a home based business. They know they will need an alternative to the endless cycle of searching for a job, being hired, and the only to be laid off at some future point. This is your market if you join a business like MyWirelessRep. How will you reach that market? Well if you join under me, you will access to a team of experts who understand internet marketing and will be able to use little known techniques among network marketing people.

Layoffs, Gambling, and News

I know that many occupations in life are a gamble, but today I read that the casinos in Atlantic City have had large layoffs for routine casino staff. One might think the gambling industry would be a pretty safe industry to work in as far as job security, but it seems to be subject to the same business pressures as any other business. In the case of Atlantic City, it’s not the only gambling stop in the Greater NY vicinity as it once was and that has contributed to its demise.

I don’t bring this up to underscore the layoff situation. Instead I want to point out that this is representative of the mainstream media and their incessant love affair with bad news. Bad news sells and they can’t dish up enough of it. I’m not sure why people like reading bad news; there must be some deep psychology going on there or else the news outlets wouldn’t focus so much on it. As for me, I see such layoffs opportunities since those people might be interested in starting a home based business such as MyWirelessRep. At least some of the folks getting laid off must be thinking: I’m getting tired of this, I want some time different, I want to be own boss for a change. Those are the people I would love to speak with.

Making Money Versus Saving Money

With the current ‘economic crisis’ everyone it seems is interested in saving money. This is evidenced by a recent report that showed November as being one of the worst months for sales in recent history (compared to prior Novembers). This is good evidence of people just hanging on to their money and not buying what they don’t need. And there is good reason for this. It’s not just out of fear, but it’s out of the need to plan accordingly. Also prices in some areas have remained high. Many food prices that went up over the summer due to fuel prices have not fallen back down accordingly with the now lower fuel prices. So people have to hang to more dollars to make ends meet, particularly those with a family.

But how far can you cut expenses? How much can you really cut back? How low can you go? At some point when you start to cut back on things that shape your lifestyle, you are cutting back on the quality of your life. Wouldn’t it be better to take in a few hundred extra dollars per month than to have to save that amount each month? For that matter, why not make more than a few hundred!  But instead of scraping and saving, why not try earning more with a low cost home based business that’s easy to build and operate like MyWirelessRep.

Two Things to Watch Out For

When checking out home based businesses, here are two things to look out for. Beware of any home based business that makes it look like you can make huge amounts of money without doing much work. These are usually scams. Most legitimate network marketing companies like MyWirelessRep will take work to build up. Another thing you should avoid are companies that are just starting up. That’s not say that there aren’t legitimate startup companies, but your risk of having them fail is greater. Stick with a solid company with low or no debt and one that has been around for a while. MyWirelessRep is part of Lightyear Network Solutions, a company that has been around for 15+ years. Lightyear is the only large scale telecom company offering a network marketing model for a home based business.

Jobs and the Economy

There are more ‘gloom and doom’ reports in the news today regarding the job market.  The news is reporting that unemployment passed the 6% mark and that 1.2 million jobs have been shed in the U.S. during 2008 so far.  You know what I think of this news?  I don’t pay attention to it, that’s what I think because I don’t have a job. I have a home-based business; there is no job for me to lose or worry about. And I can’t afford to get caught up in the ‘gloom and doom’ news.  My time is better spent running and growing my home based business.

Of course I don’t completely brush off the news; I realize there is a connection between the overall economy and my ability to grow my business. However, I am focusing my mindset in a different direction that most people. Why not join me?

Full Time or Part Time Business?

CNN recently did an article on the Direct Selling industry (an industry which would include MyWirelessRep). According to Amy Robinson of the Direct Selling Association (DSA):

“Direct selling isn’t a full-time job,….It gives you extra money to go on vacation, get the refrigerator fixed or buy Christmas gifts. It’s about getting some extra money in the pocket.” (Full story Here)

The DSA is supposed to be an industry trade group which means they are supposed to be in touch with what’s going on in the world of direct selling. I am not sure what to make of that statement. It’s clearly not how I see direct selling. First of all, I don’t see MyWirelessRep as a ‘job’ at all – it’s home based business as are most direct selling opportunities. To say it’s a job is not even taking the right mindset. Secondly I look at it as a full time business, not part time. Although, the nice thing about home business oppportunities like MyWirelessRep is that they can be worked on a part time basis.

But if you want to truly be free and independant of the ‘job’ mindset, you will want to think of your direct selling as a business not a vocation. I personally don’t see my business as some way to pay for home repairs, rather I see it on a much larger scale. Maybe the DSA statement reflects the reality of most network marketers today and might account for the high failure rate in network marketing and direct selling.

Home Based Business Growing in Spite of Economy

Actually they are growing because of it, not really in sprite of it. I ran across this article which talks about that very subject. They don’t mention MyWirelessRep; instead they focus on the usual direct sales companies like Avon and Pampered Chef. However, the subject matter applies more to MyWirelessRep due to the sour economy. People are waking up to the need to make some money on the side. Whether that means a part time income or a full time home based business, people are really in need right now.

This is a great time to get into a business like MyWirelessRep. Don’t forget that you can join MyWirelessRep for only $49.95 until the end of the year. Where else can you get into a business for under $50? The companies mentioned in that article will require a lot more, usually several hundred dollars. Plus they all require some inventory. MyWirelessRep does not require you to buy any inventory. All cell phones and plans are shipped by Lightyear Wireless, not by you.

Multiple Streams of Income

In any business, one aim for secured success is to have many different types of income coming in. Multiple streams of income. For some that means multiple network marketing businesses. But wrapped up within MyWirelessRep are several ways to earn money and make up many streams of income.

There are CABs (Customer Acquisition Bonuses), residual income on maintenance fees, upfront bonuses on products and services, residual income on customers, as well as leadership perks. No one can complain about lack of variety in the MyWirelessRep business plan.

Click Here for more info on the MyWirelessRep Business.

The Value of Residual Income

Not all kinds of income are created equal. I’m not talking about unequal dollar amounts either.  Most people are conditioned to think of income as something you trade time for. For example, when you work at a job for $10 per hour, you work 8 hours and you get paid $80 (before taxes).  That’s all you get. You traded 8 hours for $80.  You don’t get anything else for that 8 hours.

On the other hand, suppose you work 8 hours on a network marketing business like MyWirelessRep contacting potential customers and leads.  Suppose during that 8 hour time, you helped 10 people start their own MyWirelessRep store. Well you would make about 10 times the amount of $80 in payout.

But it would not stop there. The people that you helped establish a MyWirelessRep site can then go one to set up their own customers and they will go on to help other people join the business too. Each time that happens (while you are sleeping even) you will be paid a portion of their earnings. That is the core advantage to residual income. You do some work once and it keeps paying you on and on into the future. Most network marketing companies offer some sort of residual income but MyWirelessRep really blows them out of the water!

Click Here for info on the MyWirelessRep Business.