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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 news papers 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, watch World Wide Information Outlet for
future reports.


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