Start a Business from Home: Goals for your Home Business

If you want to learn how to start a business from home you need to begin by understanding what is possible in starting a business online.

For most people, this is pretty tough.  They have seen the hype: “Make $10,000 overnight,” “Retire next week,” “$1,000 a day just returning phone calls.”

Guess what folks? It ain’t that easy.

I discourage my students from setting up these kinds of goals.  It’s like being a 250 lb couch potato and deciding you will run a marathon in 30 days—it’s just not reasobale.  Often these almost impossible goals leave you frustrated and ready to give up on online business.

So let’s look at a reality:

It will take most people at least 18 months of consistent, part-time effort to reach the $10,000 per month level.

But consider this…

To start an offline business and generate a profit of $10,000 per month typically requires an investment of $100,000 into storefront, inventory, advertising and operating capital.   In most cases it takes an offline business 5 years to generate a PROFIT, let alone a profit over 6-figures per year.

You can do it much faster, much cheaper online.

So what’s reasonable for someone just starting a business online?  Here are some goals you can attain even if you have never done anything like this before:

Month One:  

Complete market research and have a product and website completed and ready to sell.

Month Two:

Make 10 sales of your product or service.

Month Three:

$1,000 in gross income.

Month Four:

$2,000 in gross income.

Month Six:

$4,000 in gross income—at least $1,500 profit.

Month Nine:

$8,000 in gross income—at least $3,000 profit.

Month Twelve:

$10,000 in gross income—at least $4,000 profit.

While this isn’t setting any records, these are workable goals.  Things the average person can achieve in starting a new business online.  Business that is sustainable.  Online business that can grow.

How to start an online business—begin with reachable, encouraging goals.

For more information on setting reasonable goals I have this online resource you can download.  When you download this free resource you will be amazed how simple the process can be:

http://www.All-In-One-Business.com/getdirection

 

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One Response to Start a Business from Home: Goals for your Home Business

  1. Pingback: Kevin Bidwell’s I-Marketer » Blog Archive » Welcome to This Week’s I-Marketer

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