Starting Your Own Home-Based Business? Learn Anything For less Than $500!

 

 

On the wake of multi-thousand dollar home based business product launches people wonder, “How much does it cost to learn how to make money online?” Does it really “take money to make money?”

After poking around the Internet, bookstore, and library, I figure you can learn just about any work from home online business for less than $500.

Really Fred? Anything?

Now, when I say “anything” let me respectfully reign in a couple readers and say that I am excluding Doctors and Astronauts. You won’t be doing open heart surgery on the space station at that price point but, just about any home based business can be learned for the same price as going to the movies (assuming popcorn now sells for $400).

The challenge is separating good materials from the bad. A little digging around the Internet can help (as well as some reviews on this site).

But first…

Before you buy anything, make sure you have looked at all the “free stuff” first. You probably won’t be able to learn all the ins and outs just reading free information (most people keep the good stuff in reserve for a product sale – which is more than fair). But you will get a nice head start – maybe even decide it isn’t for you before you get out that credit card and try to make money online.

For example [yes this is a bit self serving but serves as a great example]…

There is a niche called the Private Mortgage Industry (some people call it the “cash flow industry”). I have been involved in it for over 15 years (and still am to this day). It is an industry that enables everyday people to find and refer mortgage notes to investors (and get a nice fee in the process). Although some slimy people out there try to make it sound like you can get rich quick, it really is a business and needs to be treated as such.

I have two main sites for this niche.

NoteInvestor.com – has hundreds of articles about the cash flow note business in general. The site is for Investors, Brokers, and Holders of mortgage notes. All the articles on the site are free.

FindingCashFlowNotesTraining.com – Predominately a training site, but not without free content. There are four “preview” videos people get over a period of a couple days (once they have registered). Upon completion of the free mini-course, people can then go into a full online training program for less than $100.

If you glance at both those sites you will see that there is a lot of information you can get for free. If you had decided that you wanted to move forward, it would cost less than $100 for the training. We are still well below the $500 limit that I believe you can learn anything.

Taking the Next Step

Whatever type of home based business are looking for, be sure not to cut corners. Find a professional training (not just hype) by people that actually do the business. I prefer live or video trainings vs. a box full of materials. I also look for some way to interact with the trainers so I can ask questions.

You can learn to make extra money from home; you just don’t need to break the bank getting set up.

Want to Make Money Online? Being Smart Sucks!

Being Smart Sucks.

I really feel there are basically two types of people that try to make money online.

1.     People that are smart and

2.     People that are…well…not-so-smart.

The next question is “which one will be successful?” Well, they both have their challenges but it is important to know which one you are…

First off, the not-so-smart person tends to chase every shiny object out there…

“What? I can make $3.4 million dollars in my sleep if I just resell a crappy $7 PLR book 485,715 times. Why that is only selling less than one book per minute – this going to be easy!”

Dream on “short bus” rider.

I hate to break the news to you, but here it goes (you might want to put on your helmet for this).

Nobody makes money that way. Except the guy that sold you the $7 PLR in the first place. Go find something that will require you do a bit of work, and you might be on the right track to finding a home-based business that actually has money coming in.

The “Smart” people are smiling right now. Well, put down the double macchiato and listen up.

You are just as lost when you fall for the LOOOOOOOONG sales page. Being the intellectual type, you are almost easier to sway. When the sales page has really long copy (I mean just short of Atlas Shrugged kind of copy) you think the opportunity must be real. “

“If it wasn’t a real online money-making opportunity, then how could they possibly write this much. And look, there are screenshots of checks and Clickbank accounts; all from a home-based business!”

Please Poindexter. You don’t think these guys have Photoshop and can make it look like whatever they want? They can…and do – just to appease the people that need “proof.”

That said, the other issue the “smart” person runs into is just outright over analysis. At some point you have to pull the trigger already. Save that brain power for making changes later – but don’t let it stop you from never taking action. You will never be 100% ready – get over it.

No matter which category you are in, you both have a positive attribute.

The not-so-smart people are not afraid to jump in early and take risks. The smart people are, well, smart – at least from a business perspective.

Either one can make money online; just make sure you avoid the traps on the path to starting your own business.