A Home Business Pre-Planning Checklist.

checklist

Having a plan before you get started in business is important.  Here is a checklist to help you get organized in launching your own Home Based Business.

Home Business Pre-Planning Checklist

Those just starting a home based business may not be fully aware of the many things to watch out for before jumping into their first business.  What follows is a checklist of things to be mindful of based on my experiences when we first got into our home business back in 2011.  This list is not all inclusive, but it is meant to serve as a starting point for the Entrepreneur in the making.

1. Are you building your business around something you love, or something you may grow to hate?

It takes time and effort to build you first home based business, as well as long term dedication to the task.  I find it is a lot easier to get excited everyday about building a business you love rather than just one you are going to tolerate to earn a living.  So get started off right by choosing a business you are going to love and be willing to stick with for as long as it takes.

2. Is the business legit?

This may seem like a no-brainer, but there are some really disreputable businesses out there that the right sales person can build up to look like the “next big thing.”  Take your time before diving in and check the business out for yourself before buying into a business opportunity.  Beware especially of internet startups with no proven track record of success.  I tend to look for business opportunities that have been around for at least 3 years or longer.  Remember: if it sounds too good to be true, it probably is.  A little caution in the beginning can save you a world of regret later on.

3. Is the business legal in your area?

This may seem like another obvious warning, but sometimes an illegal business can be packaged to look legitament.  Also be aware that laws will vary from nation to nation, state to state, and province to province.  So a business that is completely legal in one area may be forbidden in another.  Take the time to research the laws in your area before jumping into a business, especially if something seems fishy to you.  Hiring a good lawyer to help you check things out may save you a world of legal trouble down the line.

4. Is the business sustainable?

Is the business you are considering something that is sustainable and scalable for the long term, or is it something likely to burn itself out (and maybe you as well) over a short period of time.  If the business you are considering is seasonal (like lawncare) do you have plans on how you may support yourself in the off season?  I like to build businesses that are going to last more than just a few months.  Long term sustainability is an important thing to consider when building your future.

5. How are you going to monetize your business?

Think of all the different ways you can monetize your business embracing every viable income stream you can think of.  If one revenue stream fails in your business, another may be able to make up for it.  Consider also Active Income vs. Passive Income.  Active Income is the money you make for the work that you do.  Passive Income is money you make that keeps coming in even while you sleep.  We will discuss this more deeply in later posts.  But, for now, make sure you take an inclusive look at all possible ways you can be earning money in your business.

6. Are you in this business for the long haul?

Do you have a long term attitude for the business you are wanting to build, or are you just looking for a “get rich quick scheme?”  Be willing to give your business the time it needs to build up and grow.  Also give yourself the time you need to learn the business as you go.  Businesses are different and develop over different periods of time, depending on how well you are able to work them and other factors.  Some businesses may succeed in just a few months; others may take years to reach their full potential.  Are you willing to give your business as much time as it needs to grow?  Or are you going to throw in the towel at the first sign of trouble?  Having the right mindset is key to success.

7. Do you have an income stream to support you while you are building up your business?

Some people dream of being able to fire their boss and start their own business from scratch.  But it takes time to build up a successful business, and their is no guarantee of success in any entrepreneurial enterprise.  If you already have a job, I recommend you keep it and build your home business on the side in your spare time.  If not, find a reliable income stream to support yourself while you build your own business.  Part time work, online gigs such as Fiverr and other companies can help you earn needed cash while you build your own business.

8. Do you have the startup capital needed to begin?

There are many different business opportunities out there that you can buy into at a variety of levels.  Some allow you to start for little to no money, while others may recommend you buy in at the highest level to maximize your chances of success.  Do not put a couple thousand dollars on a credit card and then have no money left to buy food or pay rent with.  Remember that success in home based business takes time and overnight success is rare.  Be frugal and budget your money (and time) well.

9. Do you have a business plan?

Many people are attracted to home based business opportunities because they want to be their own boss and set their own schedules, essentially working when they feel like it.  But, if you don’t put enough time into your business, your business will not be likely to succeed.  Set a realistic work schedule for yourself and stick with it.  Make your plans…and then follow through with them.

10. Do you have training resources to get you started in your business and keep you going in your business?

When first starting out, many new business people do not fully know what to do and how to proceed.  Avail yourself of all the training resources you can to help you get started in your business and help you grow into a better business person.  If you are getting into a “done for you” type of business opportunity, make sure you use all the training they have to give.  If starting your own business from scratch, find good training courses online that can help you get going and stay going.  Invest in yourself to become the best entrepreneur you can be.

Conclusion:

After  reading through this list, are you still ready to begin your first home based business?  If so GREAT.  I think you will find it the adventure of a lifetime.  Just do your preliminary ground work to make sure you are getting started on the right foot with the right attitude.  Planning, preparation and hard work are essential to any business enterprise.

Creating The Right Business For You

Home Based Business Success Podcast

Catch our new Home Based Business Success podcast Monday through Friday on Spreaker and Spotify.

There are so many different business opportunities out there for people to choose from.  But which business is the right one for you?  I feel that if you are going to be spending the time and the energy to build your own business, you may as well build one you’ll love rather than just one you can tolerate.

In the podcast below I give a few tips on how to figure out the best business for you.  Start by asking yourself the following question:

What would I love to do that I can ethically monetize; that can support both me and my family, and that I can use to make the world a better place?

In the following podcast I break the question down into four parts and begin unpacking some key points for consideration.

Catch the podcast below:

Power Lead System Mini Overview

Power Lead System Lead Capture Page

A Power Lead System Mini Overview 10/19/2020

There is so much you get in the Power Lead System at the Gold Affiliate membership level.  You get tools and training for promoting your business online and The Endless Free Leads system teaching you how to do Social Media Marketing, essentially turning places like Facebook and LinkedIn into a source of endless free leads forever.

What follows is a brief overview of what you get with the Power Lead System. (See video presentation above)

Training

Many people want to take their business online, but have no clue how to do things like Social Media Marketing, Email Marketing or creating Web Pages to promote their businesses with.  This is why the Power Lead System gives many different levels of training.  Gold Members of PLS get:

Endless Free Leads Mobile

This training by Max Steingart teaches you how to do Social Media Marketing the right way.  He demonstrates that, by asking a few simple questions to people you meet on Social Media, you can begin to tell who might be interested in your offers…and who likely is not.  Armed with this information a person can connect with likely prospects and be promoting their businesses in a kind informative way without spamming their links all over the web and ending up in Facebook jail.  He gives the best social media sites to use, and teaches a simple formula called “The Max Method” for connecting with the right people online.  This course normally sells for around $300 online.  You get the system free with your Gold Level membership.

Weekly Training and Overviews 

Another level of training you get with PLS are the weekly trainings and overviews given online by Franco.  Franco goes over the features of PLS and shares his method of driving traffic to your sales funnels to get you started quickly.

System Videos and Group Support

Also included with your membership are system videos presented in your Power Lead System back office teaching you how to use the system, how to create your first sales funnels, and many other tips and tricks as well.  The creators of PLS strive to make the site beginner friendly.  If you still have questions there is a PLS Facebook group available where owners and moderators help to answer any questions that come up.

Web Pages and Sales Funnels

The Power Lead System comes with a library of templates you can use to easily create web pages and sales funnels  There are done for you sales funnels made to promote PLS with, and there are complete instructions on how to edit these funnels to sell any other offer you may want to promote.  There is also a “Drag and Drop” editor which has recently been introduced to help members create their own web pages and sales funnels from scratch.  These pages can be connected to your autoresponder, so you can start generating leads when people opt in on your pages.  Which brings me to the next feature…

Autoresponder

With PLS you also get your own autoresponder.  Use this tool to store your contacts in and message them with.  Your PLS Autoresponder also comes with done for you email campaigns professionally written to sell the Power Lead System.  You can use these campaigns as is, or copy and edit them to put the information in your own voice.  You can also create your own campaigns from scratch to use in promoting PLS or any other offer you may have.

Virtual Postcards

In case you get tired of sending out emails to your clients, you can break things up by sending them virtual postcards from time to time.  Create and send these virtual postcards for special occasions like Christmas, birthdays or holidays.  You can also use them to just say hi.

The Best Comp Plan Ever

To me one of the more exciting features of PLS is their compensation plan that rewards affiliates with generous $20 commissions when they bring a customer or affiliate member into the system.  These commissions  are paid weekly and are recurring, so you earn them every month that your prospect remains as either a customer or affiliate member.

Plus you can profit for building successful teams with the PLS 50% Matching Bonus.  Whenever you bring in an affiliate member and they start making sales of their own, you get paid an additional bonus based on the income earned by your direct referrals.  So if you bring in an affiliate who joins using your link, and they make (for sake of example) $500 in sales in any given month, you will earn an additional $250 as your reward for bringing that member in.  Of course that’s just one small example.  You can make more or less depending on the earnings of your affiliate members.  And these bonuses are paid out every month.  The profit potential here is staggering.

Income Disclaimer:

Of course there is no guarantee of success when using the Power Lead System.  Results are not typical.  Your results will vary depending on many different factors such as work ethic, skill level and your willingness and ability to learn new skills.  And, while the profit potential is very good…there is no guarantee you will earn any money using this system.  Power Lead System is not a job, rather it is an entrepreneurial business opportunity that you must learn and work to the best of your ability.  Systems like this are not for everybody.

7 Day Free Trial

To help people determine if a program like Power Lead System is for you, newcomers get a 7 Day Free Trial Membership they can use to check the system out risk free.  Take a 7 day test drive of PLS and see if it feels right for you.  If it doesn’t, simply cancel your membership and owe nothing.  If you do decide to keep it you will be billed $53.97 a month for your affiliate membership.  There is no risk and no pressure, so check it out below and see what you think.

PLS 7 Day Free Trial Offer

Power Lead System Overview & Training: Long Term Mindset Required.

Being successful is never an overnight process.  It takes consistent work over the long term to get consistently positive results.

To be successful in your home based business you must develop a long term mental attitude and remain committed to building your business over time.  People love to dream about “overnight success” but fail to realize that every overnight success was preceded by months or years of struggle and work.  Remain committed to your home business and eventually your home business will be able to take care of you.

To See Some Of The Home Based Business Programs I Am In CLICK HERE!

About Ralph

Ralph of Grow With Ralph

 

Ralph of GrowWithRalph.com

I always wanted to be a work at home entrepreneur even before I knew what an entrepreneur was.  But getting started did not come easy.

I spent many years working for other people and traveling long distances to work.  And over that length of time I worked many different jobs; everything from clerical to light industrial to being a full time minister at a rural Christian Church.  It was during my 6 years as a Christian minister that my work day travel really got inflated.  At one point I was traveling over 600 miles per week traveling back and forth to seminary and carrying out the mission of the church.  My car got a work out and so did I!

Old and busted car

Then in 2011 my life began to change in unexpected ways.  It was at this time that my parents began to show the obvious signs of Alzheimer’s Disease (Mom) and Vascular Dementia (Dad).  It became clear someone had to stay at home to sit with them for most of the day.  Since I was the closest of three children, the lot fell to me.

My wife and I brainstormed about different ways we could earn a living from home.  Since we both had ministerial backgrounds we started doing personal coaching and giving spiritual advice to clients over the phone.  I also hustled up jobs doing lawn care for local clients.  It was rough (and scary) making the transition, but we made it work.

Since that day in 2011 I have experimented with different ways of earning a living from home.  What you will find here at GrowWithRalph.com are some of the better more replicable programs that I have found over the years.  I tend to focus on programs with proven track records rather than taking chances on startups with uncertain futures.  I have had my share of successes and I have also been stung in a few bad business deals (more on that later).    What I hope to be able to pass along to you are some of the lessons learned in over 9 years of being a home based entrepreneur.  It’s been an interesting trip (well worth every mile) and I am excited to be able to share it with you here.

Working For Your Success,

-Ralph