Which "Home Based"
business is right for you
Virtually every entrepreneur wants to become successful by becoming their own boss. Your success in a home-based business will largely be determined by your ability to choose a business suitable for you.
Your personality traits and self-confidence must be carefully explored before deciding to start any business. Do you have a great sense of independence? Are you determined to be the master of your destiny? Do you have confidence in your ability to make important decisions about your business? You must believe in your decisions and take the steps to achieve your goals.
In determining which business is right for you, you'll want to
consider the industry you have a passion for. Before you invest
your money do a simple survey to see how much interest there is
for your proposed venture. The most important thing to remember
is "don't develop a need, fulfill a need." Next create
a simple business plan and chart out how much money you'll need
to get started.
Some people have the miss-conception, "all that is necessary
is to put up an 'Open for Business' sign and people will come
flocking in." This is far from the truth.
The most important ingredient to any business is marketing. The
old saying "You can have the best mouse trap in the world,
but if nobody knows about it, then you won't sell narry a one"
is oh so true. This aspect of any business always takes time and
energy. And is the main reason many people aren't successful.
For me, selling How-To-Information is the best business. In 1991
I first started selling books by placing ads in magazines. And
since 1995 I've been able to cut my business costs dramatically
and increase my profits by marketing my programs on the Internet.
30% to 35% of my sales are now generated from the net. And 40%
to 45% of my profits are contributed by Internet marketing.
All good things in life take time and effort. If you do your homework
first, test your products, fine-tune your business, and most important
keep forging forward, then you'll soon be making more money than
you can ever imagine. Remember don't give up!
Life is full of uncertainty and hazards. No longer is there a
guarantee of job security with any company. Just because you have
a job today is no assurance of a paycheck next week. True security
is achieved by believing in your own abilities and you will become
rich and successful. A fearful, disorganised, pessimistic person
is sure to fail in any self-employment opportunity.
Take your time and do your homework first. When you're ready,
go full-steam ahead and build your financial empire. In some cases
it might be wise to start your business part-time and then grow
it into a full-time venture. This will take the financial pressure
off you and your family.
Remember to test, test, test your products and marketing before
you spend large sums of money. Not give up and you'll be successful.
Although business opportunities can be very enticing, it's important
for you to take time and do your homework before you start your
business.
Make sure you can stand back an see the entire forest, not just
the trees!
Know all you can about every aspect of your proposed business
venture before you invest your money and this will increase your
chances of success.
For information about subscriptions and advertising for both the "Online" and in the printed version.
