HOW TO START A PROFITABLE HOME-BASED BUSINESS

HOW TO START A PROFITABLE HOME-BASED

BUSINESS

In these days, it's becoming increasingly difficult to make ends meet

with just one source of income. Thus, more and more people are

investigating the possibilities of starting their own extra-income

business. Most of these part-time endeavors are started and

operated from the comfort and privacy of the home.

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. Others are just keeping busy,

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

that they are doing something other than waiting for the government

to give them a handout; they are improving 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 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 have 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 housewifes 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 your area on a regular basis.

You might turn a ceramics hobby into a lucrative personalized

coffee mug business. What I'm saying is that in reality, there's

literally no end to the ways 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 in your area who are interested in your proposed product

or service, and would be "willing to stand in line and pay money for

it". This is known as defining your market and pinpointing 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, your next effort

should be directed toward the "detailing" of your business plan. The

more precise and detailed your plan - covering all the bases

relating to how you'll do everything that needs to be done - the

easier it's going to be for you to attain success. Such a plan should

show you start-up investment needs, your advertising plan, your

production costs and procedure, your sales program, and how your

time will be allocated. Too often, enthusiastic and ambitious

entrepreneur jump in on an extra income 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 clearer you can "see" everything before you

start, the better your chances for success.

Now, 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. And you have all your costs as well as time

requirements itemized. The next step 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, so read very carefully.

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. Specifically, you must not count on

receiving or spending any money coming in from your business on

yourself or for your bills during those first six months. 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.

Once you've passed that first six months milestone, you can set up

a small monthly salary for yourself, and begin enjoying the fruits of

your labor. But the first six months of operation for any business are

critical, so do not plan to use any of the money you business

generates for yourself during that period.

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

implemented the plan, you should at the end of your first year 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 an enterprise 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 entire

operation, while you vacation in the Bahamas or Hawaii and collect

or receive regular income from your initial efforts.

For more details on market research, business planning,

advertising, selling, order fulfillment, and other aspects of home-

based businesses, check with the distributor from whom you

received this report.

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