In
these days, it's becoming increasingly difficult to make ends meet with just
one source of income. Thus, more and more people are investigating the
possibilities of starting their own extra-income business. Most of these
part-time endeavors are started and operated from the comfort and privacy of
the home.
Most
of these people are making the extra money they need. Some have wisely
and carefully built these extra income efforts into full-time, very profitable
businesses. Others are just keeping busy,
having fun, and enjoying life as never before. The important thing is
that they are doing something other than waiting for the government to give
them a handout; they are improving their lot in life, and you can do it, too!
The
fields of mail order selling, multi-level marketing, and in-home party sales have
never been more popular. If any of these kinds of extra income producing
ideas appeal to you, then you owe it to yourself to check them out. But
these aren't the only fields of endeavor you can start and operate from home,
with little or no investment, and learn as you go.
If
you type, you can start a home-based typing service; if you have a truck
or have access to a trailer, you can start a clean-up/hauling service.
Simply collecting old newspapers from your neighbors can get you started in the
paper recycling business. More than a few enterprising housewifes have
found success
and fortune by starting home and/or apartment cleaning services. If you
have a yard full of flowers, you can make good extra money by supplying fresh
cut flowers to restaurants and offices in your area on a regular basis.
You might turn a ceramics hobby into a lucrative personalized coffee mug
business. What I'm saying is that in reality, there's literally no end to
the ways you can start and operate a profitable extra income business from your
home.
The
first thing you must do, however, is some basic market research. Find out
for yourself, first-hand, just how many people there are in your area who are
interested in your proposed product or service, and would be "willing to
stand in line and pay money for it". This is known as defining your
market and pinpointing your customers. If after checking around,
talking about your idea with a whole lot of people over a period of one to
three months, you get the idea that these people would be paying customers,
your next effort should be directed toward the "detailing" of your
business plan.
The more precise and detailed your plan - covering all the
bases relating to how you'll do everything that needs to be done - the easier
it's going to be for you to attain success. Such a plan should show you
start-up investment needs, your advertising plan, your production costs and
procedure, your sales program, and how your time will be allocated. Too
often, enthusiastic and ambitious entrepreneur jump in on an extra income
project and suddenly find that the costs are beyond their abilities, and the
time requirements more than they can meet. It pays to lay it all out on
paper before you get involved, and the clearer you can "see"everything
before you start, the better your chances for success.
Now,
assuming you've got your market targeted, you know who your customers are going
to be and how you're going to reach them with your product or service.
And you have all your costs as well
as time requirements itemized. The next step is to set your plan in
motion and start making money.
Here
is the most important "secret" of all, relating to starting and
building a profitable home-based business, so read very carefully.
Regardless of what kind of business you start, you must have the capital and
the available time to sustain your business through the first six months of
operation.
Specifically,
you must not count on receiving or spending any money coming in from your
business on yourself or for your bills during those first six months. All
the income from your business during those first six months should be
reinvested in your business in order for it to grow and reach your planned
first year potential.
Once
you've passed that first six months milestone, you can set up a small monthly
salary for yourself, and begin enjoying the fruits of your labor. But the
first six months of operation for any
business are critical, so do not plan to use any of the money you business
generates for yourself during that period.
If
you've got your business plan properly organized, and have implemented the
plan, you should at the end of your first year be able to begin thinking about
hiring other people to alleviate some of your workload. Remember this:
Starting a successful business is not a means towards either a job for yourself
or a way to keep busy. It should be regarded as the beginning of an
enterprise that will grow and prosper, with you as the top dog. Eventually,
you'll have other people doing all the work for you, even
running the entire operation, while you vacation in the Bahamas or Hawaii and
collect or receive regular income from your initial efforts.
For
more details on market research, business planning, advertising, selling, order
fulfillment, and other aspects of home-based businesses, check with the
distributor from whom you
received
this report.
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