Do people that are successful in home based businesses share some common characteristics and, if so, what are the primary ones?

The dictionary defines successful as:

• having a favorable outcome, or
• having obtained something desired or intended, or
• having achieved wealth or eminence

When applied to a home business, I think the definition of the word successful involves a combination of financial gain, time flexibility, and being able to call your own shots (being your own boss). The order of importance will vary from person to person.

I have had the good fortune to be quite successful with home-based internet businesses. No, that is not completely accurate, I have had success because I have invested a lot of sweat equity in my work at home business activities.

Having spent many years in the corporate world, I am a firm believer in the team aspect of business and so I naturally gravitated toward network marketing instead of trying to go solo selling products/services and competing with the big players like Yahoo, Amazon and the other well known names.

After doing considerable research, I found a very well established and financially solid internet-based company to work with. Using my business experience in the "offline world" and developing my internet marketing skills on the fly in an OJT (aka: on-the-job-training) format, things have gone very well and I recently spent some time trying to identify some of the primary traits that are common in my most successful team members.

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Whether you're breeding bird dogs, or race horses, or drafting college football players to play in the NFL...it's important to develop "markers" that can be very useful in predicting success. From my offline, traditional, business experience I have known this from the get-go, but for some reason I was slow to learn (or, was it re-learn?) that identifying the people with a high likelihood of success is even more important when developing an online network marketing business that depends upon teamwork.

Reflecting back on many of the truly successful people I have worked with in network marketing, I made a list of the numerous success factors that emerged when I assessed each person individually. After compiling the list, three factors seemed to stand out as being the most common success indicators. In no particular order, these factors were:

• approaching the business with a long term perspective. It takes a lot of time to become an "overnight success"
• exhibiting the tenacity of a pit bull
• being able to ride the emotional roller coaster (two steps forward and one step back) in the early stages of developing the business

Just because a person has these characteristics, it does not ensure success and, on the flip side, a person is not necessarily doomed to failure just because he or she does not possess them all.

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Submitted byDr.Shoukath.ND

The voice you heard by the majority of people in the Net is true, the real true money generating machine is to offer your own product or service where you can keep 100% of the profits.

Before you even start creating or introduce your own product or service, you should do some research to check the target market size, competitors and the available pricing methods available for the type of product or service that you intend to offer.

The most common product that people develop are ebook or what is commonly known as info product. It is based on the experience that you have accumulated over the years either through your jobs or hobbies and convert them into writings.

Everyone of us have a special skills and things that we do better than the rest. You can further expand your knowledge database via further education or self-education in order to create the business.

Many new business are created not by developing new products or services but by improving something that already exists. The initial innovators of products might received lots of recognition for their innovation might not know how to make the product appeal to the mass consumers and sell like hot cakes. Subsequent bright businessmen or women succeeded in relaunching the same product after some improvement as they are able to saw the mistakes that have been made and was able to capitalized on it.

The movies industry is the best example, many movies are just about repackaging to appeal to the movies consumers. Why develop new super heroes when you can make good money from old familiar heroes like Spiderman. Many movies goers grows up watching Spiderman

cartoon and although they maybe adults now, they still enjoy it like when they was young. It is so familiar with them.

Therefore, time spend trying to find brand new idea should instead be spend on improving existing idea. The most important criteria is to try and find a NEED which you can filled.

For improving your business success rate, try not to go into a hot industries that are already overcrowded with suppliers unless you can offer something cheaper and better than them and still make a profit. Finding a niche market is a better strategy as an unique product or service will increase your chances of success.

Starting a Work At Home Online Business means that you should look for product or service that can be sold online and delivered to people living around the world. It should be cheaper or more convenience to order online rather than offline.

The most famous successful niche finder is Amazon.com. The books they sold already exist offline and by bringing it online and pricing its books competitively, they slowly build up their niche market and have now become the world largest online books sellers.

Therefore, open your eyes wide and start looking at things around you and think of ways to improve them.

By © Arthur

Copyright © Arthur

"Opportunity are often shy, you just have to keep looking for them." Learning and putting what you learn into Action is the key to success in operating a successful Work At Home Online Business.

Visit: http://www.sap-basis-abap.com/homebusiness/

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