One of the main points I like to drive home when it comes to talking about home business success is ‘focus’. Many people, when they come online, dip their hands in so many income opportunities that they get confused and drained of energy and motivation. Why does focusing on just one business work so well?
To succeed online, typically you need two things – time and money. If you have your hands full in so many businesses, your time and money is spread thin. It will take longer for you to succeed in any of the businesses because your time and money is limited.
What if you focus on just one business? You get to spend your entire working time on this business, so you can work at it until it is producing a substantial income. You can tweak it till it is successful. And you can dedicate your budget entirely on marketing this business and developing products for it.
Another important point I want to make is market share. When you concentrate on one niche and one business, you will start getting a bigger market share in that niche over time, because you are producing more content and products in that niche, and you are spending more time and effort on marketing. So you will reach more customers and ultimately make more money. So focus, don’t diversify! I want you to pick a proven business model now and just work and work at it until it becomes successful. Master one business model before you move on to others and multiply your income.