You may be reading this article with a view to starting your own home based business. It maybe something you have been thinking about for sometime and haven’t taken any steps yet to make your ambition a reality. Today I’m not going to take you through the steps of how to start your own business, (you can find all the information you need in my earlier articles); but I am going to help you through the decision making process, by giving you 3 very good reasons why you should take action now and start getting things into motion.THE WORLDWIDE ECONOMYI imagine no one is in any doubt as to the severity of the global downturn. Yes, it probably started as a consequence of the greed and questionable business tactics of the world’s banking institutions, but the impact or fall-out has seen no boundaries. Thousands of businesses have shut down for ever. More people than ever we could have imagined, have lost their jobs and their plight is made all the worse because of the lack of availability of new jobs. Without jobs, people’s spending power diminishes. Without consumers, more businesses will be forced to close and render even more people jobless and dependent on state benefits.I appreciate I haven’t created a very rosy picture. The fact is, I believe in facing reality head on. No matter what politicians are telling us, things are going to remain extremely tough for at least a generation to come. So why have I started on such a gloomy note? Well, as someone once said to me, “If you don’t know where you are, how do you know where you are going?” It’s a simple bit of prose, but when you stop to think about it, it has deep significance for everyone.So where are we now? That’s simple to answer. We are in a position where we can no longer rely on traditional forms of income such as paid employment. i.e. jobs. But, and this is important, is this not the perfect time to start taking control of our own lives. After all, we have already learned the hard way, that we cannot trust bankers or politicians. In my 53 years, I cannot think of a more appropriate time than right now, to start a home based business.If you have been thinking about “taking the leap” for some time, I believe you should stop thinking, start planning and take positive action right now.AMBITIONYou may be one of the very fortunate ones who are in a work environment where your drive and ambition is not restricted in any way. Every day provides you with a new challenge for you to rise to. You have the drive, desire and opportunity to really go-for-it and fulfill your true potential. If this is you right now, you are very fortunate. Most people are not in this situation however and crave the opportunity to really make something of their working lives.Ambition is a truly great personal asset. The question is how you are going to fulfill it? From my own experience, the answer is to start something of your own. Whether you are trained in childcare, secretarial work, law, marketing, writing and publishing or simply want to turn the skills you do have into a business; seize the opportunity. Your natural ambition and drive will see you through the start-up process as will your determination and effort. Once you get going, no one or anything can halt your progress. You can be as creative as you like; as ambitious as you want to be and best of all, nothing can stop your dreams turning into reality, except you. You become the master of your own destiny. The world and what is happening in it, is no longer your focus; your business is your priority and no one can take it away from you.START LIVING I don’t want to pretend that it will not take great effort and commitment to get your home based business up and running, because it will. But I guess you already know that. Yes, you will find obstacles along the way and you will encounter unforeseen problems which you just have to deal with. You will probably even have to change track along the way, based on your initial experiences.I have to tell you though, it is well worth your time and effort. Once you get your business up and running, the adrenalin rush is huge and your raise in self esteem knows no boundaries. You’ve always had this overriding thought in your head that if you just had the opportunity, you could be successful. When you realise that you are on your way to becoming successful, you also realise that you are capable of matching your ambition. At this point, you know your life no longer has any boundaries or restrictions placed upon it. You also realise that as you become even better at managing your business, you get more of the most precious commodity in the world – time. No, not big houses, flashy boats or cars, but precious time to spend with those who mean the most to you.You cannot buy time, you can only create it. The heading above says, start living. The most valuable fruit of your endeavours is time and when you have time, you can start living, not just existing.
Effective Marketing Strategies in Product Creation
Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.
If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.
Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.
For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.
No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.
There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.
Five Ways to Kill Your Internet Home Based Business
It is shocking to see the huge percentage of people failing in an internet home based business.
Statistics reveal that up to 90% of home based businesses fail within the first year.Is it the wrong business which results in failure or there is something wrong with the idea of earning money at home?Many people take up a home based business because they want to escape from the traditional nine to five job. But when people fail in their home based business, it adds more bitterness and frustration. Why does this happen?There are countless reasons which can cause failure in business. Here are five common mistakes:1) Failure to take action – Many home based business owners fail in their businesses because they simply do not take action. Planning is an integral part of any business but implementation of plans determines the success of a business.People spend a lot of time in making lists and planning business strategies and then after doing all this, they often fail to take the necessary steps of implementation which are of paramount importance. Planning without implementation will not take you anywhere towards success.2) Low self-confidence – Self-belief is one of the pillars of business success. Do you have it in you? When you do not believe in your own capabilities, your business will never show any signs of growth. Faith can take your internet home based business in the right direction.3) Failing to take it to the end – Strong determination backed by persistence will help you to succeed in your business. Many entrepreneurs are all charged up during the initial stages but their energy levels fade with time. Many quit just before the business starts working. As a result they join the majority of work at home failures. You must be Persistent.4) Failure to do enough research – Lack of knowledge of your market scenario can often lead to failure in an internet home based business.Collection of adequate information and development of your knowledge base is very important for starting any business. You need to understand the position of your competitors and many other factors which are responsible for the success of your business.5) Failing to work – Home based businesses always sounds very interesting because people think that it is going to be easy and you can work anyway you want. This is where they go wrong and end up in the red. You need to put in more effort than in your regular job before you’ll see success in your business.It is very critical to identify the mistakes and find the solutions in order to succeed. If you want to succeed with your internet home based business, you must learn from your mistakes and implement what you’ve learned.Put a couple of little phrases up where you’ll read them every day. When the going gets tough – the tough get going. The other one… You can – if you think you can.