Starting a Successful Home Business Requires Preparation
In the past, home-based businesses weren’t taken seriously. If your office was in your home, you did everything you could to hide that fact. But that’s no longer the case. Home-based businesses comprise one of the fastest growing business segments today. People love the idea of being able to be their own boss and work from the comfort of their own home all of this inform my decision to put up this post.
…Starting a Home Business: Examine Your Skills. …
Put Your Talents and Skills Together and Generate Business Ideas. …
Give Your Business Ideas the Home-Based Business Test, then you have a platform to start with
Here are my 13 Top Home Business Secret the so-called successful entrepreneur will never share with you:
#1-Write down your fears, not goals
People always tell you to write down your goals, and this can be limiting. Write down your fears instead, says Jay Baer, The New York Times best-selling author of “Youtility.”
When you write down your fears, you give them a voice and you give them shape. Put them on a piece of paper, and they don’t look so scary.
When you compartmentalize your own fear and risk, you’ll be amazed by how much courage you have.
#2-Time is not money
You can always decide to make more money, but you cannot choose to make more time. Time is your most valuable asset, and until you choose to treat it with value, it will continue to be worthless.
There is a reason My Good Friend Jide Ogunsanya can charge more than N100,000 to give a speech — he’s made his time incredibly valuable.
#3-Ask For The Sale:
A home business entrepreneur must always remember that marketing, advertising, or promotional activities are completely worthless, regardless of how clever, expensive, or perfectly targeted they are, unless one simple thing is accomplished–ask for the sale. This is not to say that being a great salesperson, advertising copywriting whiz or a public relations specialist isn’t a tremendous asset to your business. However, all of these skills will be for naught if you do not actively ask people to buy what you are selling.
#4-Focus More on your Passion:
What you get out of your business in the form of personal satisfaction, financial gain, stability, and enjoyment will be the sum of what you put into your business. So if you don’t enjoy what you’re doing, in all likelihood it’s safe to assume that will be reflected in the success of your business–or subsequent lack of success. In fact, if you don’t enjoy what you’re doing, chances are you won’t succeed.
#5-Be Specific and take what you Seriously:
You cannot expect to be effective and successful in business unless you truly believe in your business and in the goods and services that you sell. Far too many home business owners fail to take their own businesses seriously enough, getting easily sidetracked and not staying motivated and keeping their noses to the grindstone. They also fall prey to naysayers who don’t take them seriously because they don’t work from an office building, office park, storefront, or factory. Little do these skeptics, who rain on the home business owner’s parade, know is that the number of people working from home, and making very good annual incomes, has grown by leaps and bounds in recent years.
#6-Become known as an expert:
When you have a problem that needs to be solved, do you seek just anyone’s advice or do you seek an expert in the field to help solve your particular problem? Obviously, you want the most accurate information and assistance that you can get. You naturally seek an expert to help solve your problem. You call a plumber when the hot water tank leaks, a real estate agent when it’s time to sell your home or a dentist when you have a toothache. Therefore, it only stands to reason that the more you become known for your expertise in your business, the more people will seek you out to tap into your expertise, creating more selling and referral opportunities. In effect, becoming known as an expert is another style of prospecting for new business, just in reverse. Instead of finding new and qualified people to sell to, these people seek you out for your expertise.
#7-Plan Every bit of Your Next Action:
Planning every aspect of your home business is not only a must, but also builds habits that every home business owner should develop, implement, and maintain. The act of business planning is so important because it requires you to analyze each business situation, research and compile data, and make conclusions based mainly on the facts as revealed through the research. A business plan also serves a second function, which is having your goals and how you will achieve them, on paper. You can use the plan that you create both as a map to take you from point A to Z and as a yardstick to measure the success of each individual plan or segment within the plan.
#8-Spend and Manage Money Wisely:
The lifeblood of any business enterprise is cash flow. You need it to buy inventory, pay for services, promote and market your business, repair and replace tools and equipment, and pay yourself so that you can continue to work. Therefore, all home business owners must become wise money managers to ensure that the cash keeps flowing and the bills get paid. There are two aspects to wise money management.
- The money you receive from clients in exchange for your goods and services you provide (income)
- The money you spend on inventory, supplies, wages and other items required to keep your business operating. (expenses)
#9-Try To Satisfy Customer Every Time
Your home business is not about the products or services that you sell. Your home business is not about the prices that you charge for your goods and services. Your home business is not about your competition and how to beat them. Your business is all about your customers, or clients, period. After all, your customers are the people that will ultimately decide if your business goes boom or bust. Everything you do in business must be customer focused, including your policies, warranties, payment options, operating hours, presentations, advertising and promotional campaigns and website. In addition, you must know who your customers are inside out and upside down.
Self-promotion is one of the most beneficial, yet most underutilized, marketing tools that the majority of home business owners have at their immediate disposal.
#11- Project a professional Business Image Possible:
Home business owners must go out of their way and make a conscious effort to always project the most professional business image possible. The majority of home business owners do not have the advantage of elaborate offices or elegant storefronts and showrooms to wow prospects and impress customers. Instead, they must rely on imagination, creativity, and attention to the smallest detail when creating and maintaining a professional image for their home business.
#12- Get To Know Your Customers:
The home business owner can actually answer phone calls, get to know customers, provide personal attention and win over repeat business by doing so. It’s a researched fact that most business (80 percent) will come from repeat customers rather than new customers. Therefore, along with trying to draw newcomers, the more you can do to woo your regular customers, the better off you will be in the long run and personalized attention is very much appreciated and remembered in the modern high tech world.
#13-Creating ACompetitivee Advantage:
A home business must have a clearly defined unique selling proposition. This is nothing more than a fancy way of asking the vital question, “Why will people choose to do business with you or purchase your product or service instead of doing business with a competitor and buying his product or service?” In other words, what one aspect or combination of aspects is going to separate your business from your competition? Will it be better service, a longer warranty, better selection, longer business hours, more flexible payment options, lowest price, personalized service, better customer service, better return, and exchange policies or a combination of several of these
kudos! I guess you Just super-charge your home business approach if you’re yet to implement this.
They are way over 3o Home Business hack, I advise you keep checking this blog as I shall be updating soon.