Starting Your Home Based Business On A Shoestring Budget

 

Whether seeking a supplemental income or a full-time income, many folks have undertaken the task to discover a viable home based business solution to meet their personal needs.

 

For most folks who contemplate a home business, a low-cost or no-cost solution is not only nice, but also very necessary. Many also seek to find a home business that will permit them to maintain their regular day job in order to protect their base income.

 

Taking the cautious approach to a home based business and keeping one`s job during the start-up period is often a very good decision. By maintaining one`s job, one can maintain the health of their personal finances while permitting their home business grow healthy and strong.

 

Fortunately, most home based businesses can be started with little or no cash, can be maintained on a shoestring budget, and can be operated successfully with only a part-time investment.

 

One day, the business will be strong enough to support itself and its owner. When that time comes, it will make good sense for the business owner to leave his or her outside job to dedicate more time to growing and maintaining their new thriving home based business. You will know when that time has finally arrived.

 

The nature of a home based business makes it easy and very realistic for most folks to take the plunge into home business ownership.

 

Yet, many folks put off starting their own home based business, because they have the misconception that they will have to risk thousands of their own hard-earned dollars at start-up. Then later, if their business fails, they fear they may be forced to take out a second mortgage on their house just to stay out of bankruptcy.

 

Are you one of these folks? Do you let your fears of failure keep you from reaching for your dreams?

 

If so, then allow me to introduce you to a few home business ideas that you can start for less than $100 and can be started and operated very profitably as a part-time business.

 

THE LIFEBLOOD OF ALL SUCCESSFUL BUSINESSES

 

First of all, let me advise you to search out a business model that will deliver steady and repeat business. It is the one thing --- above all others --- that will assure that your company can survive the test of time.

 

HOME-BASED MAIL ORDER: Home-based mail order is a good example of how one can quickly grow a home business income. Mail order is a low cost start-up business that can be launched for around $100 USD.

 

With proper planning, your home-based mail order business will not require up-front inventory purchases. In the mail order business, it is not uncommon to rely upon drop-shippers for product fulfillment services.

 

By utilizing drop-shippers, we can sell the products, collect the money and then purchase the products from the wholesale outlet. The wholesale outlet will then put a return address for your company on the product packaging and deliver the product directly to your customer.

 

Your primary expense in the mail-order business is advertising. Classified advertising tends to be a relatively inexpensive form of advertising with thousands of outlets available to the small business owner .

 

WHOLESALE BUSINESS: Buy low --- sell high. You can acquire high quality, top-of-the-line merchandise for a fraction of the retail cost.

 

AUCTIONS: Auctions can be an excellent source for buying cheap and selling high. Both government auctions and Internet auctions can lead to some excellent profit opportunities. Auctions are an excellent tool for both acquiring and selling merchandise.

 

MAKE AND SELL YOUR CRAFTS: Crafts are a hot seller at country fairs, swap meets or anyplace where people gather. Make your own crafts and sell them for a tidy profit!

 

SELLING INFORMATION: Selling information by mail is another good example of an inexpensive home based business start-up. One can gain the resale rights to information for usually about $50 USD. Other costs will include printer cartridges, paper and postage. There are plenty of free classifieds sites on the Internet, in which to successfully advertise your information .

 

WRITE INFORMATIONAL BOOKLETS: Write and publish your own informational booklets; sell them at a high price! All you need is a little know-how, a printer, paper and stamps. This is a GREAT home business idea! You can also sell the resale rights to others, for extra profits. In this age of the Internet, you may also take advantage of the fact that selling information is one of the most profitable endeavors one can pursue online .

 

OFFICE SERVICES: Offer office services for hire in your local paper. You`ll be surprised at the amount of regular office business that can be gleaned from one little classified ad. Word processing, typing, accounting, data entry, proofreading, transcription, promotional letters and newsletters. All these tasks can be accomplished right from your own home office.

 

AVON REPRESENTATIVE: Yes, Avon`s been around for eternity, hasn`t it? Then it`s not such a bad prospect as a home based business, is it? I once knew a woman who did so much business as an Avon rep. that she had people calling her and knocking at her door wanting to order products at all hours of the day and night! Once you are an established Avon representative, you, too, will turn a good profit .

 

CONCLUSION: On your search for the ideal home based business, try not to get caught up in any scams that will run off with your money. There are thousands of scam artists out there just waiting for the next sucker to come along. Remember, if it sounds too good to be true, then it probably is. Just use your good judgement and invest wisely in proven methods of earning extra income.

 

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Quote of the Day:

 

"Seek the lofty by reading, hearing and seeing great work at some moment every day." -- Thornton Wilder

 

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Why Over 90% of Internet Startups Fail Today

 

Do you know anyone who would like to quit their job and work from the comfort of home on their computer?  Do you know anyone who has quit their job, jumped onto the internet with no preparation, no education, and no training with hopes to make a living online?

The fact is that according to many sources, more than 90% of all internet business start-ups end in failure within the first 120 days.  Yes, you read that right.  9 out of 10 are out of business within 90 days.  This failure rate should be a warning to those that are unhappy with their 9 to 5 and looking to  make a living online from home.

However, there is that other 10%.  What is the other 10% doing that the 90% isn't?  There are many factors to consider.  The most important is that success doesn't happen overnight.  Have you ever read an email that says something like, "Turn $2.95 into $5,000 per month in 30 days?" or something similar?  I think we have all seen those.

Success happens because people in the 10% have the right ideas about internet marketing and how it works.  The key word here being "work".  For example, if you went to your 9 to 5 job and when you showed up at the office you did absolutely nothing.  Do you think your employer would be willing to pay you?  I think not. However, the other 90% believe they can get a website online, and wahla,  no work required.  They couldn't be farther from the truth.

The other 10% of successful internet marketers list 4 important factors for a successful internet business.

1 - Self-discipline.  This is probably the most difficult for your typical 9-to-5'er to overcome.  You see, that person is used to having instructions given to them and they carry out their assignment.  The do what they are told and get a paycheck on Friday.  Anything to keep the boss happy and get paid, right? 

Well if you want to make a living online from home is anyone gonna be there to tell you what, how and when to do it?  I think not.  If you want to make a living online from home be prepared to work.  Most internet marketers I know have put in long and tedious hours to get their business where they want it. 

2 - Non-stop training.  The internet moves fast and changes abruptly.  Be prepared to adjust accordingly or get left behind.  You see, you have to lose the employee mindset.  This is your business.  Treat it like a business.  That means you do whatever you have to do to make it work.

3 - Have a plan.  The 'ole saying "Plan your work and work your plan" is never more true than in your home business.  You must know the what, when, where and  how to get you where you want to go.  Make sure your plan is long-term and not get rich quick.  You may have to adjust your plan as you go and a 'never give up' attitude will serve you well when working from home.

4 - Seek advice from those that are living it.  Most successful internet marketers will tell you straight forward that they learn most of their internet skills from other internet marketers that have accomplished what they want to accomplish.  The internet is  a copy-cat world.  Learn from others and seek a mentor.

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The Effective Way For Collecting Email Addresses

 

An online squeeze page is the best way of collecting email addresses from prospective customers. It is a webpage designed exclusively to motivate people who visit that page to key in their email address into the box on the page. In return for their email address they are typically given something of value such as a free report, a video or a subscription to an e-newsletter.

The process of collecting email addresses, or list building, is absolutely vital to the success of any online business because behind every email address is a potential customer. Once you have their email address you can maintain contact with them forever or until they unsubscribe from your list

The Easy Way For Collecting Email Addresses.

The design of your squeeze page is important because if it does not encourage an appropriate amount of people to provide their email addresses, all the hard work taken to get people to initially go to the squeeze page will be wasted.

As a general rule, you would use a squeeze page for traffic that is generated from paid sources such as solo ads, banner ads or pay per click advertising. This is traffic that you control for the purpose of list building so the primary objective is to obtain the visitor email addresses so that you can contact them with follow-up email marketing.

Sometimes, a squeeze page is referred to as a landing page but a landing page can be anywhere that the customer enters your website. A squeeze page can be used as a landing page and that's what smart online marketers do.

How to Collect Emails.

Your squeeze page should present the precise information that a visitor was looking for. Your squeeze page design should have a clear emphasis on the customer directed onto that page. Thus, it must be relevant to the advertisement that motivated them to visit the squeeze page to start with.

On the squeeze page will be an opt-in box where your visitor can enter their email address in order to get a free bonus product or to sign up for a newsletter. That's the very purpose of the squeeze page. It is the engine that drives your list building process so that you can have further communication with the people who visit your site.

Effective Squeeze Page Design.

Do not have a lot of sales copy on your squeeze page. You only need one headline to draw attention and capture interest. Your text should explain how you or your product can make your customer's lives better. Have a shortlist of bullet points that will persuade them to provide their email address to you.

Your squeeze page design should keep everything "above the fold." This means that there's no scrolling required to see all of the copy on the page. You want the opt in box visible. Remember that this is not the place to try to convince them to buy something - that's what the sales letter will do when you direct them there once they're confirmed as a subscriber to your list.

Always ensure that you test the opt-in boxes to see if they ere working correctly on your squeeze page. Also, create more than one squeeze page design to test which one works best. If you have a great deal of website traffic but people are not opting-in, then you need to update your squeeze page design. Start by testing different elements from the headline to the bullet points about the offer and even down to the colour of the squeeze page itself.

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Starting a Business - Do What You Love and Love What You Do

 

It is absolutely true that we do best at what we like to do.  In your career you are very fortunate if you have a job that you completely love. This might only really be possible if you decided early in your life what you want to 'be' and took the action to get the education or training to do what you wanted to do.  Starting a business is another chance.

Many people see a job as only a means to an end - it pays the bills. They tolerate it out of necessity only.  Within reason they are willing to put in the time and follow the directions to keep that position. Some will try to exceed expectations so that they might be promoted to a better-paying job some day.

If that doesn't happen in a reasonble period of time, and they have confidence and self-esteem, they will make a promotion happen even if they have to look outside of their present company to find a better job. Or if you are very creative and brave, you may develop your own business.

Long gone are the days when people got a job and stayed there for their entire career, slowly and sometimes painfully 'working themselves up the corporate ladder'. In fact in some cases when it comes to 'down sizing' or 'workforce reduction' in our economic climate for the past few decades, it is often those that are the higher paid or more experienced employees that are cut.

Unfortunately loving your job and doing your very best doesn't count for anything when a company has decided to make changes.  They do not see people - they see positions.  It is hard for us to understand how they can be so cold, but 'that's business'.  It's about the bottom line, making the most profit and not about doing what is right for the employees necessarily.

So if you are in a position to start a business of your own, you might as well do something that you love to do if possible;  or another way to look at it is to do what you have to do and love it.  Sometimes there has to be trade-offs - so you may be required to perform some tasks you are not crazy about.  To stay on top of this, you may have to enumerate the things you do love about working at home, and there is a lot to love. 

If you are starting out and have to work a day job and create 'spare' time to nurture a budding business, it will not be as easy to realize what is so preferable about working from your home unless you really like what you are doing; or at the very least might be doing something in an industry that you find attractive or necessary.

Think about how great doing your work at the time(s) when you feel like it is, and having the freedom to do something else whenever the opportunity arises (and do the work later of course); think about all the money you are saving on transportation to and from a job - add it up - the gas, parking, bridge tolls, etc; then realize how much you will not miss the stress of commuting in traffic and all that this can involve, for example (the freeway that is more like a parking lot during rush hour(s). 

Just these alone are major things to love about having your own business at home! In addition, you can enjoy the peaceful, quiet atmosphere and just the feeling of control you will have by taking charge of your own life; ...and it would even add more impetus to 'work it' if it is something that you are interested in - for example if you can create a business from a hobby or interest that you have. This would go a long way to encourage you to expend your energy in that direction.

There is a saying that is 'some people work to live and others live to work' - You have to really enjoy working to set yourself up with a day job and a part-time home business - of course the idea there is to someday quit the day job and to support yourself entirely from your own business at home!

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6 Payment Offers That Sell Like Crazy

 

The way you structure your payment offers can increase your
sales. I'm not talking about the way people pay like credit
cards, digital payments, checks, and cash options. What I'm
taking about is can your customers try before they buy, pay
later, make payments, do they get a rebate, etc. Below are
six payment offers that will sell like your products or services
like crazy:


1. Sample It

Offer your customers a free sample or short version of your
product or service. Your sample should give them only a few
benefits of the full version. This will entice them to purchase
the full version to get the total benefits.


2. Name Your Price

Offer customers a choice of want they can pay for your product
or service. List your original product and price then add another
product with it for a little higher price. Your orders will increase
buy letting the customers choose their price.


3. Free To Try

Offer your customers a free trial of your product or service.
You could offer the free trial for 5 to 30 days. This is showing
them that you have confidence in your product or service and
it will sell itself.


4. Give A Little Back

Offer your customers a cash back rebate after they buy your
product or service. I feel a good rebate would be a least 10%
of their purchase price or higher. This will increase your sales
and, like most of us, they will forget to turn in the rebate.


5. Pay Later

Offer your customers the choice of being billed later for their
purchase. Bill them in a few weeks or a month. This will stop
you from losing customers who can't afford to purchase your
product or service at that time.


6. Little At A Time

Offer your customers the option of paying you a little at a time
for your product or service. You could divide up the purchase
price into bi-weekly or monthly payments. You won't lose
customers that may not be able to pay the full amount at that
time.

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This Is What Makes A Home Based Internet Business Profitable

To achieve success with a home based internet business, it is essential to have a website that demonstrates your understanding and expertise in your chosen niche. A website that contains high quality and useful content material that is beneficial to your target audience will enhance your authority within your marketplace.

Building an authority website for your work from home online business does not happen overnight. It is a long term process that takes work and focus. But is it really worth the effort?

When you are managing a work from home online business, it is important that each visitor to your site is satisfied with the information and facts supplied and that they consider the subject material valuable and as something that they can have confidence in.

Improved Reputation.

A helpful and insightful authority website for your home based internet business will help you to establish a reputation as a specialist or expert in your niche. And once you've established this reputation, people will start to trust you and pay attention to your recommendations. As a result, your website traffic will flow consistently and your conversion rates for your affiliate offers and your own products will increase.

Increased Search Engine Rankings.

An authority website produces better Search Engine Result Page (SERP) Rankings. By regularly updating your website with fresh and valuable content, your work from home online business will enjoy higher search rankings, especially in Google. It will also tend to get higher Google Page Rank, which is still a strong indicator of how well a website will rank. Of course, the higher your website ranks the more organic traffic it will receive.

Business Continuity.

One of the biggest advantages to developing an authority website for your home based internet business is that once set up, it will receive a steady flow of search engine traffic. Due to the fact that your website becomes more focused on your target market, your website traffic will be much more stable, reliable and of higher quality. Also, because the trust factor plays an important role in the retention of rankings, authority websites are less likely to be effected by any Google algorithm updates that are intended to weed out low quality websites.

More Earning Potential.

Authority websites have better earning potential for a variety of reasons. One is the constant of flow of targeted traffic that comes to the website based on specific searches. Another is that once an authority is established it opens the opportunity for product creation and memberships that are much more likely to attract customers because of the expertise established.

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Three Reasons Not To Sweat Over Your Ability To Give Networking Referrals

 

 

If you are familiar with my methods, then you know I always recommend networking groups, and BNI in particular. This powerful international group helped me learn how to network and fill my practice quickly by meeting lots of new people and gaining referrals.

However, many students have shared their concerns about the referral process. This is particularly true if you are just starting out as a new business owner. Often new business owners worry about their ability to provide referrals and the expectations around this. I have frequently mentioned that the strength of the referral network you create is usually based on the number of referrals you provide. Truth is, I had this same concern when I started out years ago.

Let me share three reasons why you can let go of the fear and take the pressure off yourself as you learn how to network:

1. You'll Be Making Friends.

As you take time to get to know people in your BNI chapter, they will become your friends. You are going to sit down and have coffee with the individuals and really get to know them. That alone makes the process a lot easier and less pressurized. Building your business connections expands your reach and increases your opportunities for success.

2. You'll Learn Who Networkers Are Seeking.

As you get to know group members, you'll ask each person who they are looking for. Ask questions like, "So, tell me about the kind of clients you're looking for. What's the thing you want me to say or listen for that is a buzz word that would put me in a position to give you a referral? What is the best thing I can say to people to interest them in your products or services?"

Many members will have specific words you can use which will make the referral process go much more smoothly.

3. You'll Find Giving Referrals Becomes Natural.

Talking about referrals with other members gets your mental rolodex flipping as you think about who you may know that could benefit from their service or product. But running into these possible referrals - whether they are people you already know or new people you will meet - doesn't happen instantly. It takes time and everyone involved knows this.

You aren't expected to start dishing out referrals straight out of the gate. But, the more you network, the more people you meet. As you talk to them, their needs will naturally come out in conversation. So your job is really to listen for those natural opportunities and connect people looking for each other.

Also, keep in mind there maybe people in the group whose services you will want to take advantage of yourself. Having a personal experience of working with them makes it easier to refer others.

Your Assignment:

When it comes to receiving referrals, you need to have a strong elevator pitch, know who your ideal client is and how to relate to them. The easier you make it for others to recognize your ideal clients, the more referrals you will get. Spend time figuring out who your ideal client is and how to relay that to others as you learn how to network and give referrals.

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