Having a successful home based business is really made of several hundred steps. These are a few that can help you as a guide line. There is no simple repeat system out there. Every home based business is different. What will you for you may not work for the next guy. What worked for you this month may not be the same as what is needed for next month. In order to have a successful online business you will need to keep up with the changing of the internet times. New technology improves monthly and if you are not up on it you can be left behind. What works for someone who is the first to sell a product may not work in a few months when there a few thousand marketers, marketing the same product.Take traffic generation, It is completely different now than it was a year ago and is not a hugely profitable strategy as it was a few years ago. These are only a guide line and a few simple steps that you need to do to run a successful home based business. They are truly to be used as a foundation only.1. Develop or find a product.Find a product that people are going to want. An old product that you can buy the resell rights to for free or cheap is more than likely not going to meet today’s customer needs. You really have 2 choices. Either pay for the rights to sell a product or find an affiliate marketer and make a percentage off that product.2. How can your costumers view your presentation and product.If you develop or buy the rights to a product, you are going to have to develop a website as well. A few tips here: Purchase you own domain name and pay to have your domain name and site hosted by a professional hosting company with a good reputation. If you use a free company and they go bankrupt you will be back to square one without a website.3. Once your site is running, you need to develop a sales page and a web copy.Besides on who to use for hosting, developing a sales page is the next important thing you can do. You might want to invest in a copy writing course unless you have experience in writing sales pages. You will need to spend some money to learn this skill. You will not make any money like the rest of them out there if you try to wing it. Getting knowledge will help you in the long run that will help you getting sales or names. People will buy because the site they are visiting does the best job of convincing them to buy that product they are looking for.4. Traffic source.When starting out in a home based business, you might be on a shoe string budget, and that’s alright. Assuming you have been willing to spend some money on copy writing skills and a hosting company. This might be an area you can skimp out on. If you have no money to advertise or the time to find low cost advertising, a home based business may not be the right thing for you. Low cost traffic generation is a time consuming thing. After you start to make some money, do not pocket it. Use it for paid traffic generation. With out reinvestment into paid traffic generation you will surely fail. Article writing for all the article directories is a good way of free advertising.5. After getting traffic to your home based business, you will want to try and keep track of where that traffic comes from. You also want to track costs. If you are paying more for advertising than what they are purchasing, you may want to change something.6. By following this pattern and rinse and repeating. By keeping diligent on cost and records as well as where your traffic is coming from. You will develop a profitable home based business.This is not a get rich quick type business. It will take time and hard work. However by starting with a solid foundation you are well on your way.Cheers to your success.
Is There an Easy Home Based Business Around?
Everyone wants to know if there is an easy home based business. Just the fact that 97% of home business opportunities fail should be a clue that no business, including a home based business, is easy. Hard work and dedication is required in any business and this is definitely true for a businesses that is run out of your home as well. And if there were an easy one everyone would be doing it and raking in the cash. So, the short answer is, no there isn’t an easy one.The Difference Between Easy and SimpleIf instead you said ‘is there a simple home based business around’ the answer would be yes. I say this because the process of setting up and running a business from home can be very simplistic. For example, find a company that you can partner with, study their training’s, apply the training’s and use any mentorship or team work that the company offers. So, an easy home business with the mentality of ‘all I do is join and I start making money’ doesn’t exist. That ‘easy’ mentality doesn’t work for any other part of your life and won’t lead to success with a business whether it be traditional business or a home business.Reasons Home Based Businesses FailA home based business has unique difficulties of its own. Unlike traditional businesses which, even though still owned by you, have employees, partners, customers that expect you to be open and many other things that hold you accountable, a home business usually has few or none of these to keep the average person on track. People are used to having a boss or co-workers that they are held accountable to. When these things aren’t in place people tend to slack off and not take the time and effort required to make a business work. In other words people don’t treat the home business opportunity like they would a ‘real’ business, and then wonder why it isn’t working for them.Another reason the failure rate is so high in home business industry is because anyone can start one even if they have no idea what they are doing or have had any previous experience with owning a business. The average person can’t start a franchise for example because it usually costs hundreds of thousands of dollars in the first place. On top of that the franchisor requires certain training’s and sometimes previous experience in a related field before they will okay the franchise for the person. These two reasons alone usually keep anyone that isn’t completely serious about putting 100% into making the business work from starting a traditional business in the first place.This isn’t the case with home based businesses. Many home business opportunities can be started for under $1000 which makes it affordable for most people. This is also the problem many times. Since the person didn’t put a lot of money into the business in the first place it is easy for them to quit when it gets hard or they lose focus and just let the business slip. This wouldn’t happen if the person had hundreds of thousands of dollars invested and had to make it work because they left their former job meaning the business was the only thing paying the bills.How to Prevent FailureA mental shift has to happen to make your home based business successful. The person has to treat the business like it is a ‘real’ or ‘traditional’ business. If that mentality is not taken on the business will fail. The training’s that the company you decide to partner with offers must be learned and implemented on a daily basis if you hope to succeed. There is going to be a learning curve for any business you start, and if you don’t keep up with it your business will suffer. Take advantage of the mentorship and teamwork most home businesses opportunities offer. Having team members and experienced leaders to hold yourself accountable to always helps. Take your home business seriously and you will become just as successful as you would with any other business out there.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.