Tuesday, December 4, 2007

HOW TO START A BUSINESS IN YOUR OWN HOME AND MAKE BIG BUCKS

HOW TO START A BUSINESS IN YOUR OWN HOME

AND MAKE BIG BUCKS

In these times, it's becoming increasingly difficult to get by or make

ends meet with just one source of income. Thus, more and more

people are investigating the possibilities of, and indeed, the idea of,

starting their own extra-income businesses. Most of these part time

endeavors are started and operated from the comforts and privacy

of these people's homes.

Most of these people are making the extra money they need - some

have wisely and carefully built these extra income efforts into full

time, very profitable businesses - while some are just keeping busy,

having fun, and enjoying life as never before. The important thing is

that they are doing something other than wait for the government to

give them a handout, to improve their lot in life - and you can do it

too!

The fields of mail order selling, multi-level marketing, and in home

party sales have never been more popular. If any of these kinds of

extra-income-producing ideas appeal to you, then for sure, you owe

it to yourself to check them out. But, these aren't the only fields of

endeavor you can start and operate from home with little or no

investment and learn as you go.

If you type, you can start a home-based typing service; if you have a

truck or access to a trailer, you can start a clean-up/hauling service;

simply collecting old newspapers from your neighbors can get you

started in the paper recycling business; more than a few enterprising

housewives have found success and fortune by starting home and/or

apartment cleaning services; if you have a yard full of flowers, you

can make good extra money by supplying fresh-cut flowers to

restaurants, and offices in lucrative personalized coffee mug

business. What I'm saying is that in reality, there's literally no end to

the ways in which you can start and operate a profitable extra-

income business from your home.

The first thing you "must" do however, is some basic market

research. Find out for yourself, first-hand, just how many people there

are particularly in your local area - who are interested in your

proposed product or service, and "would be willing to stand in line to

pay money for it." This is known as defining your market and pin-

pointing your customers. If after checking around, talking about your

idea with a whole lot of people over a period of one to three months,

you get the idea that these people would be paying customers, then

your next effort should be directed toward the "detailing" of your

business plan. The more precise and detailed you write out such a

plan - covering all the bases relating to how you'll do everything that

needs to be done, and when - the easier it's going to be for you to

attain success. Such a plan should show your start-up investment

needs, your advertising plan, your production costs as well as

procedures, your sales program, and how your time will be allocated.

To often, enthusiastic and ambitious entrepreneurs "jump in" on an

extra project and suddenly find that the costs are beyond their

abilities, and the time requirements more than they can meet. It pays

to lay it all out on paper before you get involved, and the more

detailed you can "see" everything before you start, the better your

chances of success.

Assuming you've got your market targeted - you know who your

customers are going to be and how you're going to reach them with

your product or service offer; and you've got all your cost as well as

time requirements itemized - the next thing is to set your plan in

motion and start making money.

Here is the most important "secret" of all, relating to starting and

building a profitable home-based business - Regardless of what

kind of business you start, you must have the capital and the

available time to sustain your business through the first six months of

operation on the basis of not taking in any money. Most importantly,

you must not count on receiving of spending any money coming in

from your business, on yourself or for your bills, during those first six

months. Any and all the income from your business during those first

six months should be reinvested in your business in order for it to

grow and reach your planned first year potential for it.

Once you're by that first six months milestones, you can set up a

small monthly salary or draw for yourself, and begin enjoying the

fruits of your labor - but the first six months of operation for nay

business is very critical, so do not plan to use any of that money your

business generates for yourself.

If you've got our business plan properly organized, and have worked

your plan, at the end of your first year, you should be able to begin

thinking about hiring other people to alleviate some of your workload.

Remember this, starting a successful business is not a means

towards either a job for yourself or a way to keep busy. It should be

regarded as the beginning of a business that will grow and prosper,

with you as the top dog - eventually, you'll have other people doing all

the work for you, even running the whole business, while you vacation

in the Bahamas or Hawaii and collect or receive regular income from

your initial efforts.

Meanwhile, the best of luck to you in all your extra-incoming building

efforts, and may the angels of paradise keep you constantly under

their umbrella of smiles and happiness!

REFERENCE MATERIALS OF SPECIAL INTEREST

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#5022 Make $5,000 A Month, Or More - With Garage Sale - $10.00

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