Seven Tips for Building a Home Based Budiness
With today's economy, companies having to downsize, and shortage of available jobs, people are being forced to take a job outside their comfort zone. Stay-at-home moms are turning to internet marketing in lieu of leaving their home. Spouses are trying their hand at internet marketing as opposed to having to take a second job.
If you have decided to try internet marketing I want to say, "Congratulations" and wish you great success in your new adventure.
The industry of internet marketing is growing by leaps and bounds. There will be times when you will feel overwhelmed with all the new things you will have to learn. If you are entering your home based business with the mindset that you will only have to put in a couple of hours here and then, you are making a mistake. You will reap many benefits from having your own business. You will be in control of your schedule. You will have the flexibility of the days and hours you will work. You will be able to choose the hours you want to work. These advantages combined with your increasing financial rewards will make the time and effort of operating your own will seem like a small price to pay.
I was laid off several years ago when the company I was working for had to downsize. Although age discrimination is not supposed to be an issue, my job search met with a lot of "sorry the job has been filled" and "you are over qualified." I opted for an early retirement at age 62.
I was working an internet business opportunity part time and decided to put all my efforts into building my home based business. The suggestions I include herein, come from my personal experience.
1) Choose a specific space in your home conducive to performing the tasks of your business. One of the stipulations when it comes time to file your income tax, is to state the square footage used in your home for your business. This is a serious commitment. You can not sit on the couch in your living room, or at your kitchen table and expect to build a successful home based business. and not something you will be carrying out on the couch in the living room or at the kitchen table. If at all possible find a room in your house where you will be out of the main flow of traffic where you will not be interrupted. It you do not have a spare room, perhaps you can take a corner in your bedroom.
2) Stock your office space with the necessary tools you will need, i.e., a stapler, hole punch, pens, paper, etc. Do not waste your "work" time hunting down the tools to complete your tasks.
Start a file to keep all of your receipts and documents of expenses related to your home based business. When it comes time to file your taxes you will be glad you have kept these records where they are readily accessible. Especially keep receipts for your high ticket items such as a computer, printer and specific furniture.
3) Time Management is a very important factor for achieving success with your home based business. If you are not familiar with this subject, there are many books available to assist you. Set up parameter from the beginning. What days and hours will you need to work to achieve your goals? Put down a time frame in writing. Your clients, partners and team members will need to know when you will be available.
In coming up with your plan you need to decide the amount of time you will spend on marketing/prospecting and communication with your partners, team members and clients.
Besides your everyday duties of growing your business set aside time to devote to educating yourself. Research and current with related programs and procedures used in your line of business. A year ago, If you had told me I would be building blogs with WordPress, using HTML codes, and writing affiliate articles (to mention a few) I would not have believed that it would be possible. It is an awesome feeling ending a day knowing something you did not know when the day began!
4) Coordinate and bring symmetry to your action and planning activities. New entrepreneurs make the common mistake of being "busy" (spending too much time on action activities) and not giving enough thought to planning.
Write down your goals including the steps and time frame, you will need to take to accomplish these. Keep this information where it is always visible to help you stay on target.
5) I am sure you are familiar with the word "Networking". Take the opportunity to spend some time getting the word out to past co-workers, friends, and family members about your new venture. You are going to want to do advertising and "word of mouth" is one of the best methods.
If you are involved in Internet marketing you will want to contact like- minded people to build a productive team. Sharpen your leadership skills and share your opportunity with others. There are many leaders who have written books on Leadership Skills that will assist you.
You will want to get your image out there on the internet. This will necessitate your creating a web page. Take the time to professionally present your services, products and/or opportunity to others. Put some thought into creating additional marketing materials, i.e., business cards and stationery. If you do not have skills in this area, hire a professional.
Updated guides governing endorsements, advertisement,etc. was released on October 5, 2009 by The Federal Trade Commission (FTC). You will want to take the time to learn your responsibilities for conforming to these guides.
6) Separate your business accounts from your personal accounts. It is advised that your business bank account be separate from your personal account. You can take this one step further by installing a separate phone and fax line for your business.
You want to represent your business in a professional manner. Interact with your clients, partners and team members with integrity and in a courteous manner. Be a person that people want to do business with and your down line members want to emulate.
7) You will have an abundance of time when you first start out. For this reason you will be able to accomplish the tasks on your own. You will want to consider automation once your business begins to grow. Include this aspect in your planning from the start. You will want to plan for automated systems allowing you to work on other profitable activities.
If you take heed of these suggestions I am sure you will build a strong foundation for your home based business. Best wishes for great success! To learn more about procedures I use to be successful in my internet marketing business visit http://homebusinessinatlanta.com/.
If you have decided to try internet marketing I want to say, "Congratulations" and wish you great success in your new adventure.
The industry of internet marketing is growing by leaps and bounds. There will be times when you will feel overwhelmed with all the new things you will have to learn. If you are entering your home based business with the mindset that you will only have to put in a couple of hours here and then, you are making a mistake. You will reap many benefits from having your own business. You will be in control of your schedule. You will have the flexibility of the days and hours you will work. You will be able to choose the hours you want to work. These advantages combined with your increasing financial rewards will make the time and effort of operating your own will seem like a small price to pay.
I was laid off several years ago when the company I was working for had to downsize. Although age discrimination is not supposed to be an issue, my job search met with a lot of "sorry the job has been filled" and "you are over qualified." I opted for an early retirement at age 62.
I was working an internet business opportunity part time and decided to put all my efforts into building my home based business. The suggestions I include herein, come from my personal experience.
1) Choose a specific space in your home conducive to performing the tasks of your business. One of the stipulations when it comes time to file your income tax, is to state the square footage used in your home for your business. This is a serious commitment. You can not sit on the couch in your living room, or at your kitchen table and expect to build a successful home based business. and not something you will be carrying out on the couch in the living room or at the kitchen table. If at all possible find a room in your house where you will be out of the main flow of traffic where you will not be interrupted. It you do not have a spare room, perhaps you can take a corner in your bedroom.
2) Stock your office space with the necessary tools you will need, i.e., a stapler, hole punch, pens, paper, etc. Do not waste your "work" time hunting down the tools to complete your tasks.
Start a file to keep all of your receipts and documents of expenses related to your home based business. When it comes time to file your taxes you will be glad you have kept these records where they are readily accessible. Especially keep receipts for your high ticket items such as a computer, printer and specific furniture.
3) Time Management is a very important factor for achieving success with your home based business. If you are not familiar with this subject, there are many books available to assist you. Set up parameter from the beginning. What days and hours will you need to work to achieve your goals? Put down a time frame in writing. Your clients, partners and team members will need to know when you will be available.
In coming up with your plan you need to decide the amount of time you will spend on marketing/prospecting and communication with your partners, team members and clients.
Besides your everyday duties of growing your business set aside time to devote to educating yourself. Research and current with related programs and procedures used in your line of business. A year ago, If you had told me I would be building blogs with WordPress, using HTML codes, and writing affiliate articles (to mention a few) I would not have believed that it would be possible. It is an awesome feeling ending a day knowing something you did not know when the day began!
4) Coordinate and bring symmetry to your action and planning activities. New entrepreneurs make the common mistake of being "busy" (spending too much time on action activities) and not giving enough thought to planning.
Write down your goals including the steps and time frame, you will need to take to accomplish these. Keep this information where it is always visible to help you stay on target.
5) I am sure you are familiar with the word "Networking". Take the opportunity to spend some time getting the word out to past co-workers, friends, and family members about your new venture. You are going to want to do advertising and "word of mouth" is one of the best methods.
If you are involved in Internet marketing you will want to contact like- minded people to build a productive team. Sharpen your leadership skills and share your opportunity with others. There are many leaders who have written books on Leadership Skills that will assist you.
You will want to get your image out there on the internet. This will necessitate your creating a web page. Take the time to professionally present your services, products and/or opportunity to others. Put some thought into creating additional marketing materials, i.e., business cards and stationery. If you do not have skills in this area, hire a professional.
Updated guides governing endorsements, advertisement,etc. was released on October 5, 2009 by The Federal Trade Commission (FTC). You will want to take the time to learn your responsibilities for conforming to these guides.
6) Separate your business accounts from your personal accounts. It is advised that your business bank account be separate from your personal account. You can take this one step further by installing a separate phone and fax line for your business.
You want to represent your business in a professional manner. Interact with your clients, partners and team members with integrity and in a courteous manner. Be a person that people want to do business with and your down line members want to emulate.
7) You will have an abundance of time when you first start out. For this reason you will be able to accomplish the tasks on your own. You will want to consider automation once your business begins to grow. Include this aspect in your planning from the start. You will want to plan for automated systems allowing you to work on other profitable activities.
If you take heed of these suggestions I am sure you will build a strong foundation for your home based business. Best wishes for great success! To learn more about procedures I use to be successful in my internet marketing business visit http://homebusinessinatlanta.com/.
