Is Your Home Business Going To Make Money? How To Know In Advance

These days when most people are finding they need extra money, home businesses are more popular than ever. Organizations have stepped up to the plate providing what seems like thousands of new business opportunities to choose from.

Most promise you'll make good money. More than a few outright guarantee you'll get rich. Surprising numbers say you'll never have to do any work.

I suppose it's possible to get rich without ever lifting a finger, but I've never known anyone to do it -- excluding lottery winners, of course.

With all these claims floating around, how can you know if the home business you choose will make money? There ARE some surefire ways to tell.

1. You must be selling a product a big group of people REALLY WANT. Notice I didn't say a product EVERYONE wants. That's not necessary. You'll do best if you sell a product that just SOME people want, but you need those people to want it very BADLY.

Make sure you consider THE PRODUCT that a home business is selling. Too often, business opportunities focus entirely on the compensation plan. But at the bottom of every plan is a product that MUST sell, or there won't be any revenue to fuel the compensation plan.

2. Don't plan on learning your business all by yourself. You'll earn bigger money faster if you have plenty of experienced help. Find a company that will give you upline or management assistance.

You'll not only need step-by-step explanations of how to run your home business, you'll need some personal encouragement to keep your enthusiasm up over the long haul.

3. This many be the most important point of the bunch. Make sure you have a way to get a non-stop supply of good, warm leads. Presenting your home business to your relatives and friends may work for a few weeks, but after a while, you'll need new prospects.

This is where most home businesses fail. They spend money on buying leads and advertising, but soon find they don't the results they expect through advertising.

Make sure your home business opportunity comes with a solid system for attracting new customers.

There are even more ways to ensure your home business is a good one, but using these three tips will take you miles toward creating a home business that produces the extra cash you need in a timely manner.

Four Ways To Keep Your Business Going During A Crisis

If you are a small or home based entrepreneur or a solo business owner, there is little room in your business for taking a sick day when a crisis or stressful life event happens. In today's world our lives are complex, fast paced, and challenging. How do you keep your business going and growing during the times when life happens and you can't work?

There are several answers to this question, and one very important caveat - if you have not yet built into your business plan this kind of possibility, then take some time and do it now!

When you are in the planning stages of business, you must consider how you are going to manage your business when you are not available. Will you hire a virtual assistant, get help from your family, or make some other arrangement?

When you are planning your business, consider early on how you are going to automate your business to be efficiently managed both from your home and work computer, and also remotely from a laptop or other internet access.

Arrange all your files in a clear and logical manner, so if you are getting help from someone, they will not be confused!

Once your business is up and running, there are several ways to manage your business in times of crisis or stress.

1. Focus on essential, income generating tasks only. An easy way to figure this out is to discover what is your Single Daily Action (SDA) that makes money in your business, and to do this. Depending on the type of business, your SDA will vary.

For example, if you build content websites, your SDA may be to add three new content pages to your site each day. If you are a writer, your SDA may be to write five pages per day. If you own a direct sales or network marketing business, your SDA may include talking to five new people about your business each day. If you own a local, service based business, your SDA may include developing new contact each day who can spread the word about your business.

2. Delegate and outsource the tasks you cannot accomplish right now. You may need to hire extra help!

3. Build into your business time for nurturance, rest and heart centered networking. Find other business people you can share with, so you are not going through this time alone.

4. Once the crisis has passed, give yourself some vacation time to recharge your batteries! This time spent will be worth every penny in helping you return to work with renewed passion and enthusiasm, no matter what challenges life may bring!

Before Going Into Business

1. Why should there be anyone would do business with you?

This could be the very first question that you must ask yourself before anything else. You got to demand yourself to an answer to this. Why the heck on earth would anybody pay for this “Junk” you’re selling? Yup, “Junk”, as I phrased it. It doesn’t matter how good your product is to be, to the eye of others, it’s just another piece of product in a sea pool of other similar products.

So, still be very proud of your product or service? Truly you’re 100% proud of it? You truthfully and deeply believe people would be dumb by NOT buying from you?

Well…you passed the first barrier! You’re ready to start go to next stage.


2. The basic business needs 3 things: Lawyer, CPA, and Creative or crazy fellow, which could very well be you.

Almost every business gets themselves for the first two. It’s understandably so. Good creative person are really hard to find, hard to manage, and you’ll never sure of what you’re paying for.

Every established and sizeable business knows the creative side plays a heavier weight than the lawyer and CPA. CPA’s and lawyers can help you when you are up there. But at the early stage when your business is still an infant, your business live or die depending on it’s business branding activities in areas like business identities, logos, marketing campaign, advertising copy and business slogans.

Now, are you NUTS enough? Have people been calling you NUTS?
If so, you are ready for the next stage! Do give yourself a “Cheers”!


3. Singing for Your Own? You Got To Promote Yourself In Every Possible Way.

Do all of them. Yes, Do whatever possible to get your business name to be up there! Get your Business Brand being noticed by others. There more the merrier!

Business can just comes and go so fast before anybody could hears of them. People are busy, what do they care? They don’t care about you and your business. Why should they care? Get serious. Do everything you can possibly and reasonably afford to do. But beware; you must not mislead others because it’ll backfire quickly enough to wipe your business off.

Do you “Sing for your own self”? Then you’ve passed! Move on to next stage…

4. Big Decision: Could You Win The Competition.

It’s very likely that you’re entering a crowded business market when you first started. Take a hard and closer look at what other fellows are doing; what your competitors are doing right now could affect your business greatly.

At this stage, you got to decide: Are you going for “Head to Head” fight? Competing on better quality? Crazier pricing strategy? Extra Mile Service Level? Better Marketing Campaign? or what else? Or you would avoid all that, and create you own niche, where you are the leader?

If you decided to be offering the same or very much similar product at the same price, but your marketing materials doesn’t look half as good as your competitors…hey, you’re in deep trouble! If you’re charging half compare to others, then it’s still alright to “Look” cheap, simply because you are the “Cheaper” alternative where people are looking for.


5. Marketing is basically just a matter Perception.

”Perception” is just another fancy word for thoughts. The thought by the public has in mind all about you and your “Good” or “Bad” business. Good salesmen control the perception more on personal level like putting on neat suit, very nice smile and sincere voice, firm handshake…etc.

And your business marketing campaign need to strive to achieve equivalent level of effects. And it needs to be at a more abstract level by means of having an attractive Business Name, Eye Catching Business Graphics, Professionally dressed-up staff. Any things that just might seduce and persuade a potential visitor to become a paying customer.


6. Your Business Identity; Your Business Equity.

The Business Name, the Logo, the projected Business Look, the public’s perception, recognition, or even affection if there is; these are critical to business success. Big businesses routinely pay big buck like million dollars for these aspects for the business.

Your Business Identity must be well organized to target at desired market. It’s what termed as the “Face” side, the side which public always sees first. Work on refining it so it works wonders. Improve it to get better and even better, and then protect it, and treasured like your beloved!

Yup, there are so many people who just bought a ready business. But every time they run a new marketing campaign, they tend to fall into trap of projecting a different business image and look. Really, don’t ever make such mistake like an amateur.

Consistently stick on to the business branding strategy that your have chosen on the very early stage. This is your Business Equity. By keep changing the business look, you’ll get the public confused, and worse still if they see that you don’t even have the basic respect for your business identity.

Don’t destroy the business equity; you need to be utmost concerned with your business image to the public. It has its own personality. It has to stand out from the rest. It has to send clear signal to the targeted market: “Here We are, Come To Us”, “Get Us Today”.


Do Love Your Business, just like you love yourself.