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In these days, it's becoming increasingly difficult to make ends meet with just one
source of income. Thus, more and more people are investigating the possibilities of
starting their own extra-income business. Most of these part-time endeavors are started
and operated from the comfort and privacy of the home.
Most of these people are making the extra money they need. Some have wisely
and carefully built these extra income efforts into full-time, very profitable businesses.
Others are just keeping busy, having fun, and enjoying life as never before. The important
thing is that they are doing something other than waiting for the government to give them
a handout; they are improving their lot in life, and you can do it,
too!
The fields of mail order selling, multi-level marketing, and in-home party sales
have never been more popular. If any of these kinds of extra income producing ideas
appeal to you, then you owe it to yourself to check them out. But these aren't the only
fields of endeavor you can start and operate from home, with little or no investment, and
learn as you go.
If you type, you can start a home-based typing service; if you have a truck or have
access to a trailer, you can start a clean-up/hauling service. Simply collecting old news
papers from your neighbors can get you started in the paper recycling business. More
than a few enterprising housewives have found success and fortune by starting home
and/or apartment cleaning services. If you have a yard full of flowers, you can make good
extra money by supplying fresh cut flowers to restaurants and offices in your area on a
regular basis. You might turn a ceramics hobby into a lucrative personalized coffee mug
business. What I'm saying is that in reality, there's literally no end to the ways you can start
and operate a profitable extra income business from your home.
The first thing you must do, however, is some basic market research. Find out for
yourself, first-hand, just how many people there are in your area who are interested in
your proposed product or service, and would be "willing to stand in line and pay money
for it." This is known as defining your market and pinpointing your customers. If after
checking around, talking about your idea with a whole lot of people over a period of one
to three months, you get the idea that these people would be paying customers, your next
effort should be directed toward the "detailing" of your business plan. The more precise
and detailed your plan - covering all the bases relating to how you'll do everything that
needs to be done - the easier it's going to be for you to attain success. Such a plan should
show your start-up investment needs, your advertising plan, your production costs and
procedures, your sales program, and how your time will be allocated. Too often,
enthusiastic and ambitious entrepreneurs jump in on an extra income project and suddenly
find that the costs are beyond their abilities, and the time requirements more than they can
meet. It pays to lay it all out on paper before you get involved, and the clearer you can
"see" everything before you start, the better your chances for success.
Now, assuming you've got your market targeted, you know who your customers
are going to be and how you're going to reach them with your product or service. And
you have all your costs as well as time requirements itemized. The next step is to set your
plan in motion and start making money.
Here is the most important "secret" of all, relating to starting and building a
profitable home-based business, so read very carefully. Regardless of what kind of
business you start, you must have the capital and the available time to sustain your
business through the first six months of operation. Specifically, you must not count on
receiving or spending any money coming in from your business on yourself or for your
bills during those first six months. All the income from your business during those first six
months should be reinvested in your business in order for it to grow and reach our planned
first year potential.
Once you've passed that first six months milestone, you can set up a small monthly
salary for yourself, and begin enjoying the fruits of your labor. But the first six months or
operation for any business are critical, so do not plan to use any of the money your
business generates for yourself during that period.
If you've got your business plan properly organized, and have implemented the
plan, you should at the end of your first year be able to begin thinking about hiring other
people to alleviate some of your work-load. Remember this: Starting a successful
business is not a means towards either a job for yourself or a way to keep busy. It should
be regarded as the beginning of an enterprise that will grow and prosper, with you as the
top dog. Eventually, you'll have other people doing all the work for you, even running the
entire operation, while you vacation in the Bahamas or Hawaii and collect or receive
regular income from your initial efforts.
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Your sales copy.
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