Tuesday, September 8, 2009

12 Steps to Have a Successful Home Based Business

Building a successful home-based business is possible. You don’t need any special skills to have this become a reality for you. All it takes is knowing the ingredients to the recipe of success. It’s as simple as mixing the recipe to bake a cake. Notice that it is simple, not necessarily easy. With so many home business opportunities available, it can get overwhelming trying to decide where to get started. So let’s look at a handful of key ingredients that will see you to the top of the success ladder.

1- Make a solid plan. How will you deal and overcome the hurdles that come your way in the business world? You’ve got to have effective strategies in place.

2- Offer a product that can be used on a regular basis by your consumers, so that you will have repeat business. The goal is to create a long-term consumer base so that you will have a mountain of residual and passive income.

3- Find a coach or mentor who will support you. Your coach or mentor should already be at the level that you are striving for. He or she will help you gain access to the blueprint of success in your particular industry. You will avoid time-wasting and money-wasting mistakes by having a good mentor.

4- Collaborate with a good team of individuals with the same goals as you. This is especially important in your first few months to the first year in your learning phase. Having a support group will encourage you and you will also be learning from others who are in the same situation you are in.

5- Use effective marketing tools. You will also need to implement online marketing systems that can work for you 24 hours a day and 7 days a week. One such tool is Google’s Adwords.

6- Select an area of your home (home office, spare bedroom, etc.) where you can conduct your business. Keep your business tools (paperwork, computer, etc.) in there and not spread around the house.

7- Set time aside everyday to work for your business. Plan your days off ahead of time so you aren't temped to ignore work on any given day because "you don't feel like it".

8- Make a plan and work it. A to do list is a great way to stay on task.

9- Make sure your family knows the office is a business and off limits. Keep the kids off your computer and out of your work affairs.

10- Network with other people to get the word out about your business and gain inspiration from like minded people. There are online networking sites and usually locally based groups for business owners.

11- Consider getting a post office box for work related mail.

12- Get a domain and email address exclusive to your business and promote that on business cards. Decide if you want your home address and phone number on it. Professionally printed ones look better than home printed.

Photo: Florida State Library