With the development of various technologies and with low start up costs it has become much easier today for Entrepreneurs to start a Home Based Business. It is estimated that in USA alone there are over 40 million Home Based Businesses. Home Based Businesses represent 63% of all Small Businesses. Furthermore over 75% of these businesses are operated on a part-time basis.Some of the reasons generally attributed for starting a Home Based Business are; the fulfillment of a dream, the necessity for an additional income or to have a back up income in the event of losing the present secure job. A reason that is more universal is that most people love to own and run a Home Based Business and would like to experience the thrill and excitement of operating a business from home either full- time or part-time. The majority of those who come under the last category are often under the misconception that it needs very little effort to operate a business from home.If you have an idea of starting a Home Based Business it is advisable that you should start by running it on a part-time basis while continuing to work on your full-time job. There are several very compelling reasons for adopting this part-time business strategy. I shall enumerate the most important ones below.1. In spite of your enthusiasm and determination to succeed in your Home Based Business, your attempt could end up in failure for various reasons. In such an event you could always fall back on your full-time job. Talking about failure can be disconcerting to some but you have to be prepared for any eventuality.2. By starting as a part-time business, your investment both in finance and time will naturally be small thus minimizing the risk involved.3. While in the process of establishing your Home Based Business, you still have to settle your monthly bills. It is the full-time job that can help you tide over this situation especially during the early months of your part-time business. If you start making profits early in your business then build up a reserve fund to start your full-time home based business.4. The very thought of your having a regular full-time job with a steady income will give you the confidence to take a reasonable amount of risk in your part-time home based business. This will not be possible otherwise.5. The presence of a full-time job means that you will not be under excess pressure to perform in your pat-time business for your survival. You can learn business skills, acquire business knowledge and grow gradually at your own pace.6. By holding on to your full-time job you can continue to enjoy the benefits of health insurance, leave and other benefits till you establish yourself in your part-time business.7. In the event of sustaining loses in your business during the first year or two; these could be written off when submitting your tax returns.8. It is much easier to obtain bank loans, credit card facilities and other financial benefits for your business while you are in employment. Why not take advantage of this and grow your home based business while you are in employment.9. If your intention is to become a home based business entrepreneur one day, then make use of your full-time job and lay the foundation for your home based business by making the necessary contacts with people who could be useful to your future business and could also end up as customers. You should of course ensure that your actions do not come in conflict with the Management policies of your employer.10. Quitting your full-time job one day and starting a full-time home based business the following day could end up in chaos and disaster unless you have very strong support from experienced entrepreneurs. On the other hand if done gradually transition from full time job to full time home based business becomes much easier.Having said the above, it has to be mentioned that there are ofcource certain disadvantages in the method indicated.Doing a full-time job and running a part-time home based business can be strenuous and you can experience burnout and consequently neglect either you business, job or even both.Excessive indulgence in your part-time business can eventually lead to under performing in your full-time job, thereby creating problems with your Boss or Employer.You will have to sacrifice much of your precious family time for the sake of your home based business.Success in your home based business or for that matter in any business does not come easily. It requires hard work, sacrifice, dedication and determination. Above all you have to be passionate about what you are doing.Many great businesses have grown from small beginnings including the Giant Amazon.com. Start sowing the seeds of your home based business while you are in employment, watch it germinate, look after it with tender care, be passionate about it and watch it bearing the fruits of your labor. Enjoy the fruits of your labor and when the time is ripe, quit your full time job. That’s it, keep growing and establish yourself as a successful home based business entrepreneur. This then is the Smart way to Success.
Home Based Business – Why Starting Part-Time is the Smart Way to Success
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.
Before You Take The Easy Home Based Business Bait
Have you ever wondered why so many businesses are advertising their opportunity as an easy home based business? Maybe like so many others, you have excused the idea thinking that if it’s that simple then everyone would do it. The “why isn’t everyone doing it” type of question is a classic naysayer response. Naysayers are the people who always have a reason or an excuse not to do something. Concerning the easy home based business ads, I am actually on the side of the naysayers and I’ll explain why.Easy home based business ads have become popular for no other reason than a company meeting the demands of the public. To prove this, just stop and evaluate the world of advertising as a whole and it won’t be long before you figure out almost all marketing is aimed at convenience. You see, we live in a world where instant gratification is a priority. We are living in a time where people want things, and they want them now. Hardly anyone has enough patience for the long haul, and rare is the person with enough perseverance to work until success happens.Why Promote An Easy Home Business If It’s Not Really Easy?The easy home based business promotions are comparable to the magic diet pill that allows you to shed the pounds effortlessly. Logically, do you believe the success rate with these types of programs is high or low? If you are answering with a swift low, you would be correct. Still, countless numbers of people are buying into the idea that results will miraculously appear.If you are setting up a marketing campaign for your product or service, what is the first thing you do? You would begin by asking what would appeal to your potential customers. In other words, you are looking for an attention grabber. Since most of the population is searching for a quick fix, or an easy solution to their problem, why should making money be any different? Promoting an easy home based business is simply a means to attract an audience who want to solve their money issues easily.How To Avoid The Easy Home Based Business BaitFirst, you must evaluate what is motivating you to start a business, or more importantly, an easy home based business. If it’s a quick fix to your money shortage issue that you seek, you’ll only find frustration. Overnight success is extraordinary in any line of work. If your goal is to produce a big return with little invested, this too will be a source of disappointment. That is the equivalent of praying to hit the lottery jackpot even though you failed to buy a ticket. I am not suggesting you put your faith in the lottery either, unless you wish to chase fantasies. When you chase fantasies poverty awaits you.Next, you should evaluate the risk and reward ratio. Typically, if there is little risk involved, the reward is little as well. This does not mean that the monetary investment needs to be massive in order for your return to be significant. However, if the investment is so insignificant that you can make a decision without even thinking about it, it usually means you will have to work harder or work longer to yield a substantial return. Also, when it is a lower risk proposition, procrastination or inactivity becomes quite easy. Low risk equals low value; low value equals low return which leads to very little overall productivity. The more significant the risk the more you have to lose, and the more it hurts, forcing you to do more activity to avoid the failure. Any opportunity that lists itself as an easy home based business usually means low risk opportunity. A low risk opportunity can be reduced to the idea of “no pain, no gain.”If you are truly seeking a real business that you can make money with, ignore the idea that an easy home based business exists. Yes, people are succeeding in home businesses every day, not because they are easy. Successes and wealth are built through sweat, tears, persistence, and a dedication to mastering new skills. Easy is a fantasy, and if you sow into fantasies you will reap failure and frustration.