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Questions and Answers About Your Successful Home Based Business
Your ability to start a home based business or to work from home for someone else is increasing daily as new opportunities come available every day. Entrepreneurs, sales representatives, customers service reps and many others are now more than ever working at home or from their homes. Finding the opportunity that fits you can be as easy as asking yourself a few questions. They are… What do I truly enjoy doing? What can I readily afford to allocate toward this opportunity if necessary? What resources and tools can I bring to the table that will help me build my business or do my job productively? Am I coachable, teachable, and willing to acquire new knowledge that can help me succeed? Asking yourself these questions can help you to narrow down which industry or areas of home business would best match your needs and what interests you.
Enjoying What You Do
If you hate your job or have no passion for your chosen home business field, in a short time period you will find it difficult to do the things necessary to succeed. Even if you are working from home, you will find it difficult to “drag yourself to work”. Motivating yourself to do those things you know you need to do will become harder and harder. And if you are working from home, distractions that are inherent to being at home will easily detract your attention from the job at hand. Being honest with yourself about what you truly enjoy doing will allow you to enter a home business or home job with the confidence that you can perform every day. Sure there will be days when you don’t feel like working even if you are doing what you love, but enjoying what you do will help ensure your perserverence and longevity.
Financial Concerns
When starting a home based business or when considering accepting a home job position, you should take the necessary time to understand your budget and income requirements. Having ample savings is certainly prudent. This is true no matter what you are doing, but especially in this case if you are building a new home based business from the ground up as your income source or if you have accepted a commission based position that takes time to get momentum. You need to know that you can meet your family’s budget needs comfortably in order to eliminate any possible money stress that can hurt your productivity. Being able to survive comfortably for a 3 month period is a good rule of thumb. This allows time to establish yourself and produce a flow of income. You should also have a firm grasp on the money needed to fund your business. What are the cost of materials, necessary advertising, web hosting and so on? Most home based businesses fail within the first year from the lack of a realistic budget or the failure to budget at all.
Resources and Tools
An important consideration is to take inventory of the tools and resources that you may need for your business/job. You may have some things already on hand. Like your computer, internet access, and home phone line. A fax machine that doubles as copier can be a valuable tool. A hands free headset for your phone isn’t a must, but if you’ll invest in one you will be glad you did. Especially if you will be spending any amount of time on the phone in your home business or job. Having a dedicated phone line for your business and fax are nice, but not necessarily required.
Being Coachable And Teachable
Successful home business people, home workers, and all other successful people from all walks of life not only learn but they apply what they learn. To simplify all of this… be willing to learn, be open to the idea that there is always knowledge out there you can add to your base of knowledge, be willing to take direction from those who have been or are where you want to go. That says it all. You don’t have to be the best from the start, just be good at being coachable and teachable and the rest will come with time.
Once you’ve honestly answered of these questions, you will be able to make the most informed choice for your home business. This will allow you to begin your business by putting your best foot forward. Take the necessary time to prepare for your work at home job or home based business, and you will ensure that you thrive and succeed.
4 Principles of Marketing Strategy
3 Key Questions To Ask About Internet Marketing
Internet marketing is exciting, challenging, and confusing. It can make or break your internet business career and yet many people who depend on internet marketing don’t have a full grasp of the essentials involved in internet marketing.
In fact, many internet entrepreneurs waste a great deal of time, energy, and momentum because they do not fully understand internet marketing.
Don’t let this lack of understanding undermine your income potential.
In order for you to better understand internet marketing and its impact on your internet business you must know the answers to these three key questions:
1. What Is Internet Marketing?
2. What Is The Cost Of Internet Marketing?
3. What Is The Benefit of Internet Marketing?
Marketing is communication about an idea, product, service, or organization. Marketing therefore encompasses advertising, promotion and sales as well as the various techniques and forms of communication used to advertise, promote and sell.
Marketing is broader than simple advertising or promotion in that it includes researching the market to learn what consumers want and then setting out to meet their needs with the appropriate product, price, and distribution method.
Marketing includes market research, deciding on products and prices, advertising promoting distributing and selling.
Marketing also covers all the activities involved in moving products and services from the source to the end user including making customers aware of products and services, attracting new customers to a product or service, keeping existing customers interested in a product or service, and building and maintaining a customer base for a product or service.
Internet marketing includes these same activities but also pulls in various internet tools including web sites, email, ezines, banner advertising, blogging, RSS, text links, search engine optimization, affiliates, autoresponders, and other ecommerce applications.
What Is The Cost Of Internet Marketing?
The range of expenses for internet marketing is huge. There are a number of promotional and marketing ventures that can cost you nothing or only pennies a day while other advertising efforts can cost you thousands a day.
It is important to consider your goals — both long-term and short-term — as well as how much each prospective customer is worth to you.
This will help you determine a workable budget for your internet marketing campaign.
Many internet promotions are free, you can set up a web site and/or blog for $250 a year, and you can buy text links for $10 a month. You could easily spend $25-50 a day for advertising but there are many cheaper ad options available.
The best program is to start small and cheap and slowly build as you test and learn what is successful for your market and product. There is no perfect acvertising solution that works wonders for everyone. Each marketer and each product has a different formula.
What Is The Benefit of Internet Marketing?
Internet marketing offers more benefits than many traditional marketing mediums. The very nature of web sites and blogs is that they continue working to promote and market your product long after your initial marketing effort is over.
Similarly many advertising efforts, such as ezines, newsletters, banners, and text links also continue to increase in power over time.
Email marketing can be a tremendous surge in contacts and sales and offers the ability to personalize your message as well as reach a targeted audience so your chance for sales goes up exponentially.
The other tremendous benefit of internet marketing is that it offers convenience and immediate satisfaction. Your potential customer sees your marketing message when it is convenient for them — and often when they are seeking information about your specific topic. Then you offer them the ability to act on that interest right then.
They can locate your product and buy in the time it would take to watch a commercial on television or turn a page in the newspaper. That is the power of internet marketing.
Now that you have the answers to these three key questions, you are ready to begin your own internet marketing campaign and succeed with your internet venture.
8 Questions Your Website Visitors Want Answers
