HOW TO START A PROFITABLE HOME-BASED BUSINESS

HOW TO START A PROFITABLE HOME-BASED BUSINESS

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

housewives 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 your start-up investment needs, your advertising plan, your production costs

and procedures, your sales program, and how your time will be allocated. Too often,

enthusiastic and ambitious entrepreneurs 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 our 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 or operation for

any business are critical, so do not plan to use any of the money your 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 work-load. 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.