Warren Buffett Guides Your Home Business
Posted 23rd March 2015 at 03:25 PM by bobandnanci
How would Warren Buffett take your business to the promised land? If a self-made billionaire took the wheel of your life right now, where would he drive?
Want to get rich in your home business? Study Warren Buffett. He is widely regarded as the greatest investor of all time and went from nothing to self-made billionaire status.
Home Business and Shiny Objects
Buffett's approach to investing is, "Our approach is very much profiting from lack of change rather than from change."
Whenever he was faced with a "failure", he didn't turn to the next shiny object that came along proclaiming to have all of the answers and be an easy way to recoup his losses.
He stayed with what he knew would work, what was timeless.
Very rarely will you see him chasing the "sexy" trends in business. Instead he invests in old and boring (a.k.a. profitable) companies that don't experience a lot of turbulence.
It may not be as exciting as what the shiny objects are offering but he has made millions of dollars doing it.
The lesson here for your home business? If you want to make more money you have got to hitch it onto the back of stable, proven ways to profit.
Email Marketing
One thing that has never changed is email. Even the new fangled sites like Facebook and Twitter make you sign up using your email account.
Email is old.
It's boring.
It's not sexy.
Seems to fit into the Buffett model pretty good. Add to that, people check their email daily.
Email marketing is the easiest way to "profit from lack of change" in your home business.
Invest in building your list and then double down on it. When you own an email list of warm leads you have a powerful asset for your home business.
MOBE
Here's another of Warren Buffett's thoughts that will help you to increase the profitability of your home business, "Whether we're talking about socks or stocks, price is what you pay; value is what you get."
One of the things that we have to remember with a business like MOBE is that we cannot target people who think poor because they only look at the price. I get tons of replies to emails that say that $49 is too expensive.
Rich investors look at cost, too. However, they also look at the value that they are going to get. Their questions is "What am I getting for this price?" They look at MOBE and respond, "it's only $49?"
They have a value mindset and it is key to building a home business and a life that you love.
If you were stranded in the snow and finally found a store that sold socks, would you still purchase them if they were selling them for $10 or would you continue to freeze your toes off.
If you are stuck in a life and a job that you don't like and you want to find an alternative that will allow you to live a better life, would you pay $49 to learn how to have a home business that would pay you top dollar commissions?
A smart investment depends on price and value. The same goes for a home business.
If you are fed up with low earnings from your home business and feel that you are being denied the lifestyle you want, then think about entering into a top tier business, like MOBE, that gives you more value than what you pay for.
Want to get rich in your home business? Study Warren Buffett. He is widely regarded as the greatest investor of all time and went from nothing to self-made billionaire status.
Home Business and Shiny Objects
Buffett's approach to investing is, "Our approach is very much profiting from lack of change rather than from change."
Whenever he was faced with a "failure", he didn't turn to the next shiny object that came along proclaiming to have all of the answers and be an easy way to recoup his losses.
He stayed with what he knew would work, what was timeless.
Very rarely will you see him chasing the "sexy" trends in business. Instead he invests in old and boring (a.k.a. profitable) companies that don't experience a lot of turbulence.
It may not be as exciting as what the shiny objects are offering but he has made millions of dollars doing it.
The lesson here for your home business? If you want to make more money you have got to hitch it onto the back of stable, proven ways to profit.
Email Marketing
One thing that has never changed is email. Even the new fangled sites like Facebook and Twitter make you sign up using your email account.
Email is old.
It's boring.
It's not sexy.
Seems to fit into the Buffett model pretty good. Add to that, people check their email daily.
Email marketing is the easiest way to "profit from lack of change" in your home business.
Invest in building your list and then double down on it. When you own an email list of warm leads you have a powerful asset for your home business.
MOBE
Here's another of Warren Buffett's thoughts that will help you to increase the profitability of your home business, "Whether we're talking about socks or stocks, price is what you pay; value is what you get."
One of the things that we have to remember with a business like MOBE is that we cannot target people who think poor because they only look at the price. I get tons of replies to emails that say that $49 is too expensive.
Rich investors look at cost, too. However, they also look at the value that they are going to get. Their questions is "What am I getting for this price?" They look at MOBE and respond, "it's only $49?"
They have a value mindset and it is key to building a home business and a life that you love.
If you were stranded in the snow and finally found a store that sold socks, would you still purchase them if they were selling them for $10 or would you continue to freeze your toes off.
If you are stuck in a life and a job that you don't like and you want to find an alternative that will allow you to live a better life, would you pay $49 to learn how to have a home business that would pay you top dollar commissions?
A smart investment depends on price and value. The same goes for a home business.
If you are fed up with low earnings from your home business and feel that you are being denied the lifestyle you want, then think about entering into a top tier business, like MOBE, that gives you more value than what you pay for.
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