Create a Lifelong Income with My Own Home Business – What are the Keys to a Lifelong Income?
There are many skeptics out there who think it’s crazy and impossible to create a lifelong income with my own home business. I intend to prove them wrong! You see, many factors play in the need to the average person to have a lifelong/passive income. For instance the cost of living is consistently increasing and there will always be a way for people to be in debt such as student loans and car debt. It’s being recognized more and more every day that people will need to earn income actively for the rest of their lives. There is no more reality to the dream of living off your retirement nest egg. What did I find out? So I wondered, researched, and got some info on how to create a lifelong income with my own home business. With my knowledge of previously being a co-owner at an auto body shop, I know that in order to succeed in any business you need customers and you need RETURNING customers and referrals to create a steady customer base. For a home based business the same concept is required. You have to have customers and a high customer reorder rate. It seems that the modern day business world is becoming more and more online focused. Marketing the correct way, the modern day way is one of the keys to remember if I want to create a lifelong income with my own home business. Having the customers isn’t the only way There is a certain mindset behind creating a lifelong income. If you don’t have the right mindset and understanding you will lose focus and most likely quit or fail. The vast majority of people are brought up to think the ’employee’ mindset it the way to be. With passive income it’s completely the opposite. You have to think less like an employee and more like an investor and more like an entrepreneur. An investor is someone who puts money to use or devotes time or skills into something that is offering potential profitable returns. An entrepreneur is someone who sells a product or service for profit. But now a day’s most entrepreneurs own business forefronts and spend countless hours there. They either end up doing most of the work that their employees are designated to do or they don’t hire many employees at all to save money. Therefore they are consistently working with little time for their family and loved ones. To create a lifelong income with my own home business would be much more powerful than the above scenario. Just to recap I found out that it involves having repeat customers, modern day effective marketing, and the right mindset and understanding to keep focused on the goal. I’m imagining the possibilities of my future with passive income from my retirement and from a home business that I can be proud of and that I enjoy! Something like this would allow convenience, more time with my family, and enough income to live my freedom. Compared to the modern work week, that sounds like a deal breaker to me!