A home based business is a magnificent idea in a career or in making money today. With a home based business you are answerable only to yourself. It used to be that starting up a home based business was too much like a mere fantasy for most people who were not writers or artists (and we all know about the proverbial struggling artists and writers). But since the advent of the Internet in the mid-1990s, home based businesses have been able to flourish.The Internet contains well over 10,000 products that others have designed and made that you could sell as an affiliate. Affiliate marketing is a huge force in the home based business world. But there are other ways of having a home based business without being a marketing affiliate getting paid by Click-Bank. The Internet and cheap VoIP and cell phone calling technologies have made it possible for many people to start up their own home based businesses.Today, you can even start up your own home based business where your employees also work from their homes. All meetings can be done via cell phone, Skype, Instant Messenger, or online meeting programs like Go To Meeting, WebEx, and Adobe’s online meeting software. Many small business owners today even outsource their work overseas for a fraction of the salaries they would pay to US employees (those overseas employees have far lower standards of living and therefore their lower pay goes much further there than it would here). Again, our modern communications technologies make this all possible. Let’s look at the advantages of the home based business no matter how you’re going to do it: as a small business owner with some employees or just by yourself.Tip 1: You run everything. Yes, if you own your own business, you only answer to yourself. Wouldn’t it feel amazing to get up when you desire, never have to be on another person’s time sheet, never have to deal with a miserable manager, set all of your own hours, and be in control of your financial destiny? Yes, this takes a lot of commitment and personal discipline, but the freedom is worth every ounce of such costs.Tip 2: You have low overhead. You don’t have to spend money on commuting fuel. You cut down on wear and tear on your vehicle. You don’t have to rent or pay utilities at an office. You don’t need to buy everyone’s office supplies. You won’t end up eating out nearly as much as you would “on the run.”Tip 3: You can tend to your familial needs. You don’t have to beg for time off or use up precious “sick days” to tend to your kids. You can work while still keeping your home in order. You can relax and have dinner with your spouse and family even if you plan to go back to work again in the evening. You can pick the kids up from school or day care, or even cut out your day care bill entirely.And all of this adds up to less stress and, compared to traditional small businesses, greater profit margins. If you’re someone who is tired of losing the race to rats, if you dream of independence personally and financially, you need a home based business.
A Simple Product Creation and Product Launching Formula
If you tried to think of people involved in product creation, who would come to mind? You may think of Edison, Franklin, or maybe Henry Ford. Would you ever think of yourself as someone who can create a quality product? Product creation is actually relatively easy and product launching is not that tough either! If you follow a few easy to understand steps, you could be starting the product creation and product launching process sooner than you think.
The first step in creating your information product is to know and understand your market. This can be very time-consuming, especially if you are unsure of what to do or where to look to know your market. Studying your niche market and understanding the buzz words and buying patterns can ease the process dramatically. Personally, I would recommend networking with someone who has had success in the niche market you are considering and learn from their results. If they are into product creation and not very business savvy expect some hesitation. If they only sell products and have nothing to do with product launching or product creation you may your first affiliate (sales person)! Something else you can use to find hot trends is with the Google Trends tool.
The second step is the product creation process. Take your niche market and brainstorm ideas and topics relating to it. There are a lot of product launching contests going on recently relating to a newly created internet marketing tool. There are so many aspects to the mentioned niche that literally, and unfortunately, anything can be considered an Internet Marketing tool. The reason that anyone can basically create an Internet Marketing tool is because of something called Private Label Rights products.
What I use private label rights products for, and highly recommend them in this specific manner, is to cure writer’s block especially when it is lingering. Many people base their entire product creation and product launching on a private label rights product. This is where you can start to shine and build a strong brand for yourself. If you set goals for yourself, short-term goals to be exact, you can see your product creation come into being much faster and there is a good chance with less revision needed. If you keep hitting time restraint road blocks; however there is nothing wrong with a slow and steady approach, you can consider outsourcing portions of your project. Outsourcing can be an extremely huge benefit or just as great of a disaster.
You can find someone to outsource work to at a freelance site such as Guru.com or eLance.com. When reviewing proposals it is almost mandatory you perform a background check on them as you are in essence hiring them. Doing a background check on freelancers is as easy as asking for samples of their work and reviewing feedback on the freelance site from previous customers. Depending on the size and requirements of your project this can add up to a decent sized investment, so caution is very important. One tip I always recommend to people looking to hire an individual is to ask them what they can provide you that no one else can. This simple question gives them a chance to “toot their own horn” and acknowledge where they feel most competent as far as their skill set.
The final portion of the product creation and product launching formula is the launch. This can literally make or break the effort, time, and maybe (if you invested) money you put in to your project. There are numerous aspects to product launching and although their relevance is debated in terms to their effect, experts agree all must be followed. The person in your field who you asked for product advice from can help you substantially if you have kept in touch. If not, the first thing you need to do is to create a visually appealing website with flawless design work.
I also mentioned outsourcing before, this is one aspect of product launching I have little strength in and I always outsource this portion. The website does not have to be large however the content (ad copy in Internet Marketing) must be stellar and as perfect as possible. This is where advertising knowledge or experience is beneficial. When the site is set up you now put a lead capture form on your website.
I put two lead capture pages on all products I create on the internet and is one of the best methods of getting a solid start when you are in the product launching stage. When you gain information from a prospect or someone looking to get paid for referring sales you are able to provide them updates or specials. Many people abuse their prospect or affiliate lists by in turn emailing them with a new product daily and I find the recommendations to be totally unrelated to their original need, problem, or interest.
Another stage in the product launching stage is creating a free report or demo version of your product to entice the product to sign up to your email list. Using proper follow up with this can help generate numerous sales for you. One thing you need to ensure is that your free product completely relates to your main product that you are looking to sell.
You are now ready to advertise your product launching to customers as well as the opportunity to sell for affiliates. This is the single aspect that many product creations and launches fail on. It is actually not entirely difficult. One thing you can do is write articles (and a good amount of them) on topics relating to your product. I am a huge advocate of giving a solution in forums. When you join a forum you are normally offered the opportunity to create a signature. In your signature, you should enter the link to your opt-in or lead capture page. When you respond to posts, you are advertising your opportunity.
It is not impossible to create a product and it does not have to take a long time. You need to setup a plan and stick to it. If you get stuck, look at similar and successful products to your own and try and see how they did it. When you sit down and brainstorm you will be surprised with what you can imagine.
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.