There is a trap that many home business owners fall into.
I call it the rat trap.
If you're not sure what that means in relation to your home business, this article is going to explain what it is and how you can avoid it.
This advice could very well mean the difference between YOUR success and failure.
So, what is this "rat trap" that I'm talking about? Well, the easiest way to describe it is by example.
John Doe wants to start a home business but he doesn't really know what it is that he wants to do.
So he goes to a home business forum to see what other people are doing.
He happens to notice that a lot of people are into site flipping.
Site flipping is where you get a domain, put some content on it and then sell the site off.
John thinks this sounds pretty cool so he decides that's what he's going to do.
That is the rat trap.
But why? Well, for starters, John Doe knows nothing about site flipping.
He just automatically assumes that this is going to be something that will fit his skill sets and interests.
He may very well find out that this is something he's not going to be very good at because he's not good at creating content.
Maybe he can't create the proper sales copy to get the site sold.
He quickly discovers that this is something that he's not having any success with and he quite.
Another reason that this is a rat trap is because usually, when something is new and popular, everybody and their grandmother jumps on it and the market becomes so competitive that even if you do have the skills to pull it off, you're going to find it very difficult to get any kind of decent return on your work.
The massive supply ends up driving the price down.
Either that, or only the ones who do truly exceptional work make any money at all.
Okay, so how do we avoid the rat trap? Two simple things will do it.
For starters, find something that you're truly interested in and have an aptitude for.
This will make it a lot easier for you to be successful with it.
The second thing is to look for something that has a demand but isn't the "flavor of the day.
" These fads are usually short lived or are way too competitive to even think about entering unless you're the best of the best.
There you have it.
If you do these two simple little things, you will avoid falling into that rat trap that ends up dooming 95% of all startup home businesses.
To YOUR Success, Steven Wagenheim