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Starting a Home Business

what you should know

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Starting a Home Business:

What You Need to Know

According to Newsweek Magazine,

"It is anticipated that by the end of the decade, 50% of households in the U.S. alone will be involved in [their own] business."

Why start a home business? Job security is one reason. According to the American Banking Association,

"The large majority of American are 3 to 4 months away from bankruptcy. Many are 30 days away."

Question for you: if you lost your job, what source of income would you turn to?

 

Starting a home business has many advantages:

  • You have Time Freedom
  • You determine Your Own Paycheck ... there are absolutely no income limitations
  • You determine Your Own Hours ... no layoffs and no downsizing.

Of course, it it were that easy, everyone would be quitting their current jobs to start a home business.

True, you do gain Time Freedom, Your Own Paycheck and set Your Own Hours. But like any success story, you will need to work hard for these achievements.

 

To succeed at any home business, you need to follow these four basic rules:

  1. Believe in Your Product or Service
    First, you need to find and believe in the product and/or service that you are marketing and/or developing:
    more information

    We invite you to review our recommended areas of home business investment: see below

  2. Make an Investment:
    Be prepared to make an initial investment to jump-start your home business:
    more information

  3. Make a commitment to succeed
    through goal setting, motivation, and discipline:
    more information

  4. Develop the skill set to market and sell
    your home business:
    more information



    Important Note:

    be careful about the type of home business you engage. Avoid Internet ads and emails that promote fast and easy income with limited work. Having a successful home business will require work and personal sacrifice.

    Before investing into any business, do some research to determine what will be required to succeed in that business. There are scam artists that are promising you wealth for a meager investment. Be careful! They will take your money and leave you nothing.

    Search the interent regarding any business you find interesting to see what information you can get about that business.

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Starting a Home Business:

Our Recommendations for Home Business

What Type of Home Business

If you are ready to start a home business, we recommend you search for businesses in these areas of interest:

  1. Vacation Travel:
    this is $4.4 trillion dollar industry — the largest industry in the world. Travel employs 1 our of every 9 workers worldwide. Travel is poised to create 144 million new jobs over the next five years.

    Why did we select travel? Because there is a huge baby-boomer market that will be retiring. This demographic wields a lot of purchasing power and travel will become their priority expense.




  2. Health:
    after travel, health related products will become another priority expense for the baby-boom generation. Health-related products include purification systems, exercise equipment, vitamins, beauty aids, and many other new and innovative products that will hit the market.




  3. Internet Shopping and Entertainment:
    the second wave of the internet is about the to explode. With millions of new users worldwide, the technology is being enhanced to shop products, entertainment, education, services, information, and more importantly, manage and start a new business.

    Why did we select internet? Because of its medium to support home businesses and education.

    Note: many Internet opportunities are not consider "sufficient" income opportunities. We recommend them as "supplemental" income to your other home business efforts.




  4. Financial Planning and Brokering:
    you will need to licensed in some states to provide this service. Again behind travel and health, baby-boomers will be seeking financial services and planning to ensure their financial health remains strong in their later years.




  5. In-Home Employment:
    Setting up your "virtual office" allows you to contract your services as an administrative assistant, graphic designer, business planning, and more. You simply outsource your skills to companies who are looking for contractural.
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Starting a Home Business:

What You Need to Get Started

Computer Setup

 

Web Site Development / Strategy

 

Technology Development

 

800 Phone Service / Order Taking

 

Business Cards / Photo Images

 

Public Records Search

 

Cash Start-Up

 

Small Business Assistance / Resources

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Starting a Home Business:

What You Need to Market

EZINES:

FreeZineWeb.com
excellent eZine resource center

Partenon.com
offers $2 ezine ads and guaranteed visitors to your site!

E-Zine Ad Source Directory
category, description, circulation and cost to advertise.

IdeaMarketers.com
write and submit your own article for eZone owners.

 

CLASSIFIEDS:

Classified Ad Broadcaster
more than 2,000+ sites to place your classified ads

America's Media Marketing can
place your classified ad in major publications all over the nation

Nickel Ads Classifieds
classified submission form for print in Nickel Ads.

 

NEWSGROUPS:

Newsgroups are niche markets of interested parties:

 

SITE PROMOTION:

how to market and design your site for maximum exposure:

 

DIRECT MAIL LIST COMPANIES:

Dunhill International List Co., Inc.
1100 Park Central Blvd, S.
Pompano Beach, FL 33064
Phone: (800) 445-5386
FAX: (800) 223-1882
http://www.dunhills.com


Database America Companies
100 Paragon Drive
Montvale, NJ 07645-0416
Phone: (800) 223-7777


American Consumer Express
1500 SE 3rd CT, #211
Deerfield Beach, FL 33441
Phone: (954-481-2295


Worldata
3000 N. Military Trail
Boca Raton, FL 33431-6375
Phone: (800) 331-8102
http://www.worldata.com/


Venture Communication Int.
60 Madison Avenue
New York, NY 10010
Phone: (212) 684-4800


General Mailing
644 South "B" Street
Tustin, CA 92680

 

Order Taking Service

www.answerconnect.com
www.answertech.com
www.workeasy.com

 

Develop the Marketing Skills

The success of any business strategy requires a keen understanding of market planning, segmentation, and execution.

  • Link to our Market Planning Model for a quick review:
    copies of the Marketing Model are available FREE

  • What's needed for a successful marketing plan:
    1. situation analysis
    2. segmentation studies
    3. marketing research
    4. strategy planning
    5. implementing the 4 P's:
      • product development
      • distribution (e-commerce)
      • pricing
      • promotion

      If your home business plan requires some help, view our network of marketing and operation professionals:
      visit nBuySell Associates business services

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