Work From Home 4 Life

So you have decided to start your own home business… so now what?

The first step is Developing Your Business Idea.

Perhaps you already have a clear idea of what kind of business you want to create.
The key to making money online is a change of mindset from employee to business owner or entrepreneur.

One of the first things to do to avoid information overload, is to sit down with pencil and paper and plan your business. Begin by defining what sort of business you want:

1. Physical products:This is like the traditional store front business and could be based on something as simple as your favourite craft or hobby. My teenage daughter, for example, loves making her own jewellery; so much so that our home is literally littered with her “creations” therefore I created a website for her where she can sell it.

2. Electronic Products: If “making” a physical product to sell seems like too much hard work, how about creating a “How To” ebook about all you know on your favourite hobby, craft or area of expertise. Do some research to add to your knowledge, gather it all up in one package and sell your efforts again and again and again.

3. Affiliate Products: Affiliate marketing is selling someone else’s product for a percentage of the sale - kinda like commission only sales.Find products that you really love; it will be easier tosucceed if your heart and soul is in your business.

There’s no reason why you can’t do all three - eventually, but for a start choose just one.

Once you have decided, plan out ways to implement this new business. Break the plan into small, easy to achieve tasks.

“I need a website” can be refined into:

1. Registering a Domain Name
2. Find a web host
3. Find a Auto-responder service
4. Find a web designer or for the do-it-your-selfer, lessons on website building
5. Find a payment processor

A certain amount of single-mindedness is required as it is easy to become distracted. You might find ideas popping into your head as you are working away. Great! Write them down in your “ideas vault” and get back to business. They can always be developed later when you have finished the task in hand.

All good businesses work within time-frames. Use this to measure your effectiveness and productivity. Schedule time for your tasks, set a completion date, review your progress, and then adapt to make improvements! .

While overseeing your business as a whole and focusing on the tasks required, your business will take form and grow.

Coming Next: 3 Part Series - “Starting Your Online Business from Scratch”

To Your Continued Success

Dee-Dee Macleod-Wilson