Sunday 31 March 2013

What Are The Financial Risks Of Becoming Your Own Boss?

By Russell Howe


Before you attempt to learn how to become your own boss with an internet business such as Empower Network or Amazon, you should take a good look at the huge risks involved. What may look like an easy life in the advertisements you see online, is actually a very difficult lifestyle to lead.

There can be a tendency for people to join an online business with a view to "I'll try it for a month and see what happens.." This approach never leads to success. Not only do they prepare themselves for failure by adopting a very short-term plan, they also fail to look at the huge financial risks involved in becoming self employed. If you want to achieve real results, you need to look at the risks.

The biggest attraction to starting an online business instead of going down the traditional route is obviously the low start-up cost. By providing you with ready-made products and an earnings opportunity, established companies are able to let you work as an affiliate within their program. However, this low start-up cost isn't the only expenditure you should expect to see if you truly wish to succeed.

The only things your chosen home business provides you with are products and an affiliate plan. They don't provide you with all the extra tools you will need to use if you want to take a simple, low cost opportunity and turn it into a full time income.

While there are many great free resources you can use to establish yourself in the online business world, such as Youtube, Facebook and Twitter for example, there are also many services you will need to pay for. These include:

* A domain to direct your clients to

* Lead capture pages

* Autoresponder software

* E-courses and marketing training

* PPC Advertising

Despite being relatively easy to get hold of, those things are not free by any means. All of a sudden, the low cost of joining an affiliate program is beginning to make sense. They realize that in order to attract people to join their business they must take into consideration the number of extra tools their members will need to by, therefore they try to keep their own price relatively low.

Those who stand out within their company do not stick to the bare minimum requirements. They look for methods to help them stand out from their respective crowds, how to stay ahead of the game and dominate search results as well as building that all-important personal brand. You can see these qualities by looking at any successful sponsor. [
See how Russ Howe became established in empower network here.
]

If you are not in a financial position to start your own company you should not turn to the internet in a bid to find an easy solution. While your affiliate program may be very affordable, you will find it difficult to get noticed if you are unable or unprepared to spend anything on building your business.

Notice how all the affiliates succeeding in companies like Vi, Vittel and Empower Network are going the extra mile with their business. Notice how they didn't just find an affiliate program and then stick to the bare minimum. They wanted to learn how to become their own boss, rather than simply make money online. Having the confidence to invest in your own future is something which many budding internet marketers lack.




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