The Right Place at the Right Time

8. October 2008 by admin.

It is said that success often comes by being in the right place at the right time.  You are now in the right place and now is the absolute best time.

I am reading an e-Book titled “IM Success Formula”.  One very interesting statistic that I read was that of those surveyed (25,000 with 10% responding) 18.21% said they were involved in Internet Marketing to make a little extra income to supplement their full-time job.

The other 81.79% were involved in Internet Marketing to replace their full-time JOB.  No wonder more and more people are looking to start and then build a home-based business.

The MSN Money website discussed a recent study by research firm Access Markets International Partners.  Some 16.5 million home-based businesses exist in the United States today — an all-time high. The Small Business Administration indicated that home-based companies contribute more than $530 billion to the U.S. economy and represent 50% of all businesses registered in the United States.  Each day more and more home-based businesses are using the Internet to build their business.  So those 81.79% are in the right place.

The problem is that in the past fully 95-97% of all businesses fail within the first 2-5 years.  The main problem with Internet Businesses, as I see it, is that people do not treat their business as a business.  They treat it as a hobby.  A true business receives many IRS tax breaks and incentives.  Whereas a hobby receives zero IRS tax incentives.  (The moral is to treat your Internet Business as a business and you stand a better chance of succeeding and you will gain many IRS tax breaks.)

One aspect of Internet Marketing is network or referral marketing.  Using the referral marketing business model coupled with Internet marketing, your chances of success have just multiplied.

Whatever business you choose, here are two very important points:

1.      Find something you are passionate about

2.      Take immediate action to take advantage of your passion

When you do a little research you will be amazed at the variety of businesses you can run using the Internet.  I was surprised to learn that one person was successfully selling pool tables on the Internet and make $1+ million a year.  (I wonder if that is before or after shipping costs.)

If you are like me you may not immediately know what your passion is or which passion to work first.  I actually like helping others to find their success (translation: success = “happiness”).

So I have found a way to feed my passion as well as my mouth and it has a great potential to help many others to achieve financial freedom; the freedom to take back control of your life.

More on this soon.

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