If you are seriously looking at starting a home based business, it can be somewhat overwhelming trying to sort through the maze of information on the internet. The following 7 keys will enable you to make an informed decision in selecting the right home based business for you:1. Management
2. Company Stability
3. Leadership
4. Marketing and Training System
5. Products and Services
6. Compensation Plan
7. Your Passion for the Business1) ManagementBefore you join a home based business, you should determine the strength of the management team. You need to assess how experienced are the founders of the company by considering the following:* Does the professional and life experience of the founders provide a strong foundation for the future success and growth of the company?
* What is the founders’ vision for the future of the company?
* Are they supported by a dynamic executive team?
* Does the management team have experience in internet marketing and extensive and relevant experience in the products and services being offered?2) Company StabilityThe company history is a great indicator of its financial viability and stability. You should determine how long the company has been in existence, and how rapidly it is growing. You should also consider such factors as whether the company is international; and whether it is sustainable and debt-free.3) LeadershipDynamic and supportive leadership is critical in selecting the right home based business. You need to determine whether the founders, top leaders and your sponsor are genuinely committed to your personal and financial success.Dynamic leadership will foster a strong and cohesive team spirit and camaraderie within the community; this will facilitate the growth of your individual team members and ultimately the strength of your team. Overall, the commitment of seasoned leaders should extend beyond their respective teams to the whole community.4) Marketing and Training SystemThe leadership and management team should be supported by a powerful marketing system in addition to strong interactive training programs. While you don’t need some-one to continuously hold your hand, you need systems in place that will dramatically reduce your learning curve. The systems should be simple and duplicable so that your individual team members can be very successful regardless of their experience and skill set.5. Products and ServicesProducts and services is an important key to joining the right home based business. The demand for and marketability of products and services is critical to the success of all companies. The strength of the product and services will determine their marketability. You need to consider the following:* Can their products and services stand alone?
* How powerful is their product line? If required, are there complimentary services available?
* Would they attract a significant share of the market even if they were offered by a traditional company instead of an internet based company?
* How innovative are the products and services? Are they unique or revolutionary? Are they timeless? How much competition do they have?
* Do you strongly feel that they are ‘must have’ products and services?
* How widespread is their market? Is the market restricted to the country of origin? Are they of universal appeal? Are there numerous and diversified target markets to support them.6. Compensation PlanThe quality of the compensation plan is one of the factors you should consider in joining the right home based business. A strong compensation plan should provide a great incentive for you to excel. You need to consider the following factors:* Are there several streams of income?
* Do you make money from your first sale? If not, how soon can you make commission?
* Is there opportunity to make residual income?
* Is there opportunity to earn commissions from complimentary services or products?7. Passion for the BusinessMost of your decisions are probably based on facts while some are intuitive. As you assess whether you should join a home based business, you might be intuitively drawn to a company. You might resonate with your sponsor or other leaders in the business; you might be inspired by the strong team spirit; or you might be a passionate user of the products and services. Whatever the reason, the passion you feel may be the catalyst to your success in the business.As you can see, these 7 keys provide your personal checklist which is critical for you to make an informed decision to join the right home based business. As you turn these keys, you will open your door to financial freedom and the opportunity to enjoy a lifestyle beyond your wildest dreams.

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.

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.