Uneasy about your “JOB” security – online home based self employment is the answer. Did you know that the ABS (Australian Bureau of stats) figures show that only 17% of home-based businesses (HBB) are run predominantly by women? There has been huge growth of home-based business operations (57%) and this growth has come from men. In North America alone in the next 3-5 years – 79 million people to will start their own home based business.Due to the current global economic crisis, males aged 35-55 are finding it very difficult to secure replacement professions. On an international level, long standing professional white-collar areas including management consultants, lawyers, accountants, IT professionals, real estate agents, copywriters, finance brokers are finding themselves made redundant with no apparent back up or early exit strategy from the workforce. The home based business sector is an area in dramatic growth and with the right model you can re-design your future, your lifestyle and your retirement.When I say exit strategy – most would consider that retirement is their exit strategy with their super fund, 401(k) and real estate investments as their financial back-up. In my parents day most certainly this was an option – however even they have been hit by the current down turn. But what happens when you find yourself without employment well before your retirement age, where and how do you replace your security, your income?If you are feeling uneasy about your ‘JOB” security and that would be a majority of people what are your alternatives? When you read that the unemployment rate in America has skyrocketed and figures show a 6% increase on numbers before the recession of 2001, and the Australian Treasurer suggests that, “A sustained global recovery is no sure thing…” and warns that “…the national economy would operate below capacity for a while yet, with the unemployment rate to rise and company profits to decline.” Are you going to wait until you are made redundant to consider your options? Or are you going to start working on you exit plan/strategy to fire your boss and become your own boss now? Even professionals who feel presently secure in their roles are considering alternative exit strategies other formats to supplement and in the future replace their current income completely.The Online Home Based Business sector is in dramatic growth. Many are discovering the personal and financial benefits of this sector of self employment. Franchising and Real Estate – areas that have previously done well – these professions require long hours, include the exhausting management of employees and stock and a waiting game for payment. The Online Home Based Business of today offers many benefits above and beyond these traditional business models.Today’s Online Home Based Business has the power to create new lifestyles. You can start your own Online Home Based Business with a new model, with the support of a community of industry leading – like minded entrepreneurs. The model I chose to assist me in firing my boss, can teach and support you, it is a proven business model that provides you with a turnkey marketing solution, allows you to work less hours, have more time for family and create personal and financial security – all while you get paid first and you develop a long term residual income. A model with these components has not been available in the home based industry before.
Economic Crisis Sees Increased Redundancies But the Home Based Business Sector is in Dramatic Growth
Effective Marketing Strategies in Product Creation
Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.
If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.
Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.
For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.
No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.
There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.
Starting a Home Based Business – Five Steps to Consider
Do you want to start your own business? If yes, then you need to be prepared for the challenges you will encounter and you must consider various factors before you start your home based business.1. Decide what kind of home based business you would like to pursue. What are the things that interest you is one factor to consider upon deciding. You should also need to assess your skills. These are some of the few things you need to ask yourself before making the final decision.2. Know your market and competitors. Know your target market and the already existing competitors. Business is like a battlefield. You need to be prepared for the unexpected. Know what your market really needs and always think like a customer. And if you already chosen that niche, what will you do to differentiate your business from your competitors?3. Resources. Consider if your resources can meet the needs of your business that you are about to start. You must understand that without proper resources, you will have a hard time starting the business. But being resourceful can greatly help you get things done smoothly. It can also help if you’ll make a list of the things you would need for your business. And don’t forget to take into consideration your start up cost when making that list.4. Ensure you can handle the tasks. Before starting your home based business make sure you can do the tasks needed and if not make sure somebody can help you with it. Delegating the tasks accordingly can make your business a success.5. Know the legal matters. This is one important thing you need to consider. You must understand the legal barriers in your area when starting a home based business. Find out what if there are any restrictions about certain business, what are the requirements, where to get the permits and other things you need to prepare to make your home based business legal.Starting a home based business is definitely the great way to earn money. Working at the comfort of your own home not only inspires ideas of freedom and flexible working hours but provides rewards for work well done. It’s an opportunity to leave the influence of a demanding boss and workplace hierarchy to develop your own ideas and live your dreams. Most importantly, you get to choose what you really love doing or what interests you.