Archive for the ‘Income Ideas’ Category

Thanks to the Internet (and a still faltering economy) more people than ever before are working from home and hundreds of new home businesses spring up around the globe every day. Unfortunately about 80% of them fail within the first few years. Most of the time when a home business fails it is because the person running it just was not cut out for the unique demands and challenges that have to be faced by home business owners.

If you are considering starting a home business do not let the statistics put you off, but make sure that you answer these questions  - the four W’s – to get off to the best possible start.

WHO – Who are you doing this for exactly? Are you truly committed to the idea of running a home business that enriches and empowers you or are you simply doing it because your bank balance is looking a little sad? If you are not sure who you are doing this for, you will have a very difficult time maintaining the motivation to achieve the level of success you desire.

WHAT – Do you have a clear idea of what you hope to achieve by starting a home business? Do you want to be able to quit the 9 to 5 rat race and support yourself with the profits from your home based endeavors? Or are you simply looking for enough extra income to have the ability to buy some of those big ticket items you can’t quite afford right now? Once you figure out what you are hoping to achieve you can set goals accordingly.

WHERE – As in where to start. There are hundreds of different work at home opportunities, some good, some great and unfortunately some are outright scams. Take the time to actually study what is being offered. How much is it going to cost you? Is it a one off, monthly or yearly cost? What is the actual product or service that you are receiving, and is there something else out there that may better serve your needs. Can you come up with some better ideas of your own?

WHEN – Knowing when the right time is to officially launch your new home business is essential too. Before you have that website go live have you double checked it for grammar errors, pages that don’t load or badly worded content? Do you have the proper systems in place to ensure that you can ship products to your customers in a secure and efficient manner ? Do you even have a good payment system in place? Do not open for business until you are quite sure you are fully prepared.

For some people when they hear the phrase “MLM marketing” they envision a slick talking salesman  pitching his wares to anybody and everybody in sight. You may have even tried it yourself before and given up because despite what the advertisements and pitches alluded to you didn’t get rich overnight (or get that sports car).

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The Virtual Assistant industry which is continually growing can require very little in the way of start-up costs. VA businesses can be offered as both an individual service or company with a team of VA’s. As with any business there is a quite a bit of work involved and no guarantees for an overnight success. Successful businesses require more than a speedy internet connection and Microsoft Office.

Start Small – Many virtual assistants begin their careers on freelance sites like Odesk and Guru. Taking on small projects here is a great way to get your feet wet and a quick way to build a good reputation.

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Americans spend a whopping $30 billion a year on their furry canine friends and an increasing amount of that cash is being channeled into the doggie duds business. Sweaters, coats and rain jackets are the obvious big sellers but, there is also a big market for doggie hats, goggles, shirts, booties, scarves and much more.

To start your own doggie clothing company from home requires very little in the way of initial investment – a good sewing machine and some suitable fabrics are the basics – and if you have an eye for fashion and a talent for self-promotion you can go far. The industry itself really knows no bounds so if you can dream it up and a dog can wear, it chances are people out there will buy it. For example one power seller on eBay has sold thousands of dog bikinis over the last few years and at $20 each that adds up to nice chunk of change.

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One popular way of making money from home is to start a home party business. Such a business is perfect for those who may not have the time to undertake a full time home business or those without a great deal of money to invest up front.

There are many such opportunities available, selling everything from cookware to cookies, linens to lingerie. The key to success is finding a product that you are personally passionate about, because it will require all the force of your sparkling personality and powers of persuasion to make it a profitable venture.

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