OverviewIn my years of mentoring and conducting Business Management training, people usually want me to tell them if I think they have the attributes to succeed in Home Based Business.Much as this appears to be a difficult question to answer, research has shown that there’re indeed certain character traits that predispose some people to succeed in home based enterprise.Aspiring to become a Home Based Entrepreneur is quite exciting; what with the pride of being your own Boss. But desire is one thing and having the right Personal Traits that can ensure the success of the business is another ball game altogether.Some of these traits are innate while some can be learned. However I have enumerated them here for you to consider before taking the leap. This is not meant to discourage you but to bring them to your awareness in order to help you prepare properly and make a success of your dream. Do not be dismayed even if you lack some of these attributes because they can be learned or acquired through training.So in this write up, we’ll discuss the personal character traits most successful Home Based Entrepreneurs always seem to have.I hope this will help you do a self-assessment and thereafter invest in training to beef up areas of need.Without further delay, below are the attributes.• Great DeterminationRight from the beginning, you must make up your mind to succeed in your chosen endeavor. Having a “Can Do Spirit” is always an advantage. When the pressure builds up, it’s only that huge determination to succeed that will help see you through.As the saying goes “when the going gets tough, the tough get going”• Having Self ConfidenceThis is almost like having strong determination. Having self -confidence and believing in one’s ability is also very important in the potential success matrix needed by a Home Business Owner. The saying “self- confidence makes the man” must have come from this. Even the ordinary con man is able to perpetrate his activities through his self-confidence.• Consummate Self StarterA self-starter is a person who does not procrastinate. He does not wait for someone to prod him into taking necessary action.A self-starter will not postpone to tomorrow what he’s supposed to do today. A self-starter is an action oriented person who attacks the task at hand and achieves set targets without being supervised or reminded.• Being A Natural Risk TakerIn order to succeed as a Home Based Entrepreneur, you must be a natural risk taker. Some people are risk averse but almost all successful Home Business Owners are ready to take that risk, burn all bridges and do whatever it takes to succeed.• Fast Thinking And FlexibilityHaving the ability to think fast and react quickly to unfolding situations is the hallmark of a successful Home Business Owner.Threats can come up suddenly from new government policies and the ability to think fast and adapt to the new situation can make the difference between success and collapse of the business.• Do What You EnjoyYou have to be totally obsessed with your Home Based Business. You eat and drink it every moment of the day.You must be very passionate about your business or else you’ll cave in when the pressure builds up.I recommend that you get involved with what you enjoy doing. Even turning your hobby into a Home Based Business could be the best decision.You’ll work harder and succeed faster because you won’t see what you’re doing as work. Invest in that thing that you would enjoy doing even if there are no pecuniary benefits.• Have A Good Business PlanYou must be able to prepare a good Business Plan and work the plan. It’s said that “He who fails to plan has already planned to fail”. Your Business Plan is like a Blue Print for your business. It must be flexible though to make room for adjustments as you go along. It’s like a road map that’ll lead you to the final goals set for your business.• Good Money Management SkillsHaving the right attitude to money is very essential. No matter the amount of cash available, a Home Business Owner without the right Money Management Skills will run the business aground.You must have a Money Management Plan and stick to the plan. Knowing how to allocate resources to the most needed areas of the business is very important.My advice is that you must be shrewd and frugal with your expenses- especially cash flow. This is to avoid running out of cash at an auspicious time.• Good Selling SkillsHaving the right selling skills can help you succeed in your business.You must be able to explain to people why what you’re offering is the best solution for the problem they’re having.• Create Authority Around YouIf you want to succeed in your Home Business, you must be willing to learn new things. You must be willing to keep up to date with latest industry trends.Being disposed to reading books, attending seminars and staying ahead of the competition is very essential.Your ability to market yourself as an Expert and a reliable resource in your field is very important.People will run to you for solution to their problems.• You Need Good Marketing SkillsThe ability to develop the perfect USP for your Home Business is very important. You must have a very good reason why I should buy your products/services instead of buying from the shop down the road. This could be the difference between growth and early bankruptcy.• Excellent Net Working SkillsA Home Based Entrepreneur with excellent networking skills already has an advantage.Good networking skills entail having the ability to strike up relationships that can generate business opportunities and mutually beneficial relationships.It should not be a one way street though. You must think of what you can contribute to the relationship even before thinking of what to get from the other person.• Develop A Magnetic PersonalityHaving a likable persona that will attract people to you is an advantage. On the internet, design an engaging website. Don’t be aloof. Always stay engaged with your customers and community.• Be Organized, Be Disciplined!You must not take for granted that you are your own boss and so wake up 10 am and decide to chill with a glass of wine and some music. No! You must maintain a high self – esteem and discipline. Wake up early, listen to industry news and get started with the day’s activities.I mean you must have a positive daily routine• Embrace New Technology And Management ProcessesBy this I mean you should be disposed to the use of modern technology. Invest in new technology that will help you work smarter by achieving more results while working less. For instance, if you are being inundated with orders and you are having problems meeting up with schedule, you can outsource this aspect of your business to experts in that field. This way you keep your business lean and responsive.You can also invest in modern software like inventory management software to help you manage your business more effectively.You can also invest in ICT to help you run your business more efficiently.• Be ProfessionalStrive at all times to be professional in all your dealings. Maintain the highest ethical standards. Honesty must be your watch word!Dress appropriately when meeting with clients.Ensure you have a home office and a dedicated phone line for your business• Don’t Be Afraid To FailFinally, this might sound weird but failure is part of the process of learning how to do it better next time. Do not be afraid to fail but remember to take away the lessons learned.The great Thomas Edison who failed over 5000 times while trying to discover the incandescent lamp said that each failure taught him how to do it better next time.Wrapping UpWe’ve come to the end of this discussion and I hope you find this write up useful. Though some of these attributes are innate, they can all be acquired through structured training. So you should not be discouraged if you find yourself wanting in some areas.Do you feel I’ve left out anything, please feel free to send in your thoughts.
A Simple Product Creation and Product Launching Formula
If you tried to think of people involved in product creation, who would come to mind? You may think of Edison, Franklin, or maybe Henry Ford. Would you ever think of yourself as someone who can create a quality product? Product creation is actually relatively easy and product launching is not that tough either! If you follow a few easy to understand steps, you could be starting the product creation and product launching process sooner than you think.
The first step in creating your information product is to know and understand your market. This can be very time-consuming, especially if you are unsure of what to do or where to look to know your market. Studying your niche market and understanding the buzz words and buying patterns can ease the process dramatically. Personally, I would recommend networking with someone who has had success in the niche market you are considering and learn from their results. If they are into product creation and not very business savvy expect some hesitation. If they only sell products and have nothing to do with product launching or product creation you may your first affiliate (sales person)! Something else you can use to find hot trends is with the Google Trends tool.
The second step is the product creation process. Take your niche market and brainstorm ideas and topics relating to it. There are a lot of product launching contests going on recently relating to a newly created internet marketing tool. There are so many aspects to the mentioned niche that literally, and unfortunately, anything can be considered an Internet Marketing tool. The reason that anyone can basically create an Internet Marketing tool is because of something called Private Label Rights products.
What I use private label rights products for, and highly recommend them in this specific manner, is to cure writer’s block especially when it is lingering. Many people base their entire product creation and product launching on a private label rights product. This is where you can start to shine and build a strong brand for yourself. If you set goals for yourself, short-term goals to be exact, you can see your product creation come into being much faster and there is a good chance with less revision needed. If you keep hitting time restraint road blocks; however there is nothing wrong with a slow and steady approach, you can consider outsourcing portions of your project. Outsourcing can be an extremely huge benefit or just as great of a disaster.
You can find someone to outsource work to at a freelance site such as Guru.com or eLance.com. When reviewing proposals it is almost mandatory you perform a background check on them as you are in essence hiring them. Doing a background check on freelancers is as easy as asking for samples of their work and reviewing feedback on the freelance site from previous customers. Depending on the size and requirements of your project this can add up to a decent sized investment, so caution is very important. One tip I always recommend to people looking to hire an individual is to ask them what they can provide you that no one else can. This simple question gives them a chance to “toot their own horn” and acknowledge where they feel most competent as far as their skill set.
The final portion of the product creation and product launching formula is the launch. This can literally make or break the effort, time, and maybe (if you invested) money you put in to your project. There are numerous aspects to product launching and although their relevance is debated in terms to their effect, experts agree all must be followed. The person in your field who you asked for product advice from can help you substantially if you have kept in touch. If not, the first thing you need to do is to create a visually appealing website with flawless design work.
I also mentioned outsourcing before, this is one aspect of product launching I have little strength in and I always outsource this portion. The website does not have to be large however the content (ad copy in Internet Marketing) must be stellar and as perfect as possible. This is where advertising knowledge or experience is beneficial. When the site is set up you now put a lead capture form on your website.
I put two lead capture pages on all products I create on the internet and is one of the best methods of getting a solid start when you are in the product launching stage. When you gain information from a prospect or someone looking to get paid for referring sales you are able to provide them updates or specials. Many people abuse their prospect or affiliate lists by in turn emailing them with a new product daily and I find the recommendations to be totally unrelated to their original need, problem, or interest.
Another stage in the product launching stage is creating a free report or demo version of your product to entice the product to sign up to your email list. Using proper follow up with this can help generate numerous sales for you. One thing you need to ensure is that your free product completely relates to your main product that you are looking to sell.
You are now ready to advertise your product launching to customers as well as the opportunity to sell for affiliates. This is the single aspect that many product creations and launches fail on. It is actually not entirely difficult. One thing you can do is write articles (and a good amount of them) on topics relating to your product. I am a huge advocate of giving a solution in forums. When you join a forum you are normally offered the opportunity to create a signature. In your signature, you should enter the link to your opt-in or lead capture page. When you respond to posts, you are advertising your opportunity.
It is not impossible to create a product and it does not have to take a long time. You need to setup a plan and stick to it. If you get stuck, look at similar and successful products to your own and try and see how they did it. When you sit down and brainstorm you will be surprised with what you can imagine.
An Overview of Top Home Based Businesses
Top home based businesses have been around for many years. They have never failed to meet people’s needs and provide them with unlimited opportunities to earn money. They have started out in small numbers but now they have flooded the Internet in battalions. They have been known to give people what they need and what they deserve – quality products and services.But how did they start? That’s the question that will be attended to in this article. This article will unveil the secrets behind this business. If you have been wondering on how it really began, here is the story:Businesses such as affiliate marketing and Internet marketing started many years ago. However, the first years were not successful because the right formula on how to make money online is not yet established. Few years back, they relied on Pay per Click methods. They hired people to click for advertisements online. But this did not last because individuals didn’t see it real point and they didn’t receive it as a possible way to make instant money. How bad? They needed to click on ads for thousands of times before they could get a penny.Good thing that top home based businesses have discovered the secrets to a better way of earning money. Now, they didn’t have to rely on pricey Pay per Click method. When Internet marketing has evolved with strategies like social media marketing, article marketing and other online marketing strategies, these businesses have utilized them. With them, these top home based businesses have seen a new light for the prosperity of their business ventures.Everything has its downtimes. These online businesses didn’t start with a bang but finished in elegance. Even though top home based businesses didn’t harvest much fruits during their first years, they now have the whole plantation for harvest in their hands with the help of these online marketing strategies.There is no doubt that millions of people are getting encouraged to venture out on this type of business. Because of the promise of a greener pasture, these top home based businesses are up to making more money online.The future of home based businesses is getting brighter and brighter each year. Top home based businesses have great potentials of conquering the “whole” wide web. Along with it are the potential jobs awaiting you wherever you are! Experience a new and revolutionary way to make money online.