Want to Start Your Own Home Based Business?

February 1, 2010 by  
Filed under Home Business

Well it’s definitely not our parent’s business world anymore.  Gone are the days where you could find a nice, stable employer who would let you work your way to the top, not have to worry about being laid off “at the drop of a hat”, and stay there until retirement 30 years later.

These days’ people are just happy to be employed at any company that gives them a paycheck and benefits.  AND you better not take it for granted because it might not be there tomorrow.  All this uncertainty and anxiety has led the way for people to start taking control of their own life and venture out to the world of the home based business.  It is no wonder that more than half of all small businesses today are based at home.  Just take a look at some of the crazy statistics that spell it out better than ever.

One of the major factors in this phenomenal swing in business is the declining economy.  From April 2008 to January 2009 the unemployment rate doubled across America and was 9.7% by the end of 2009.  The bad economy can be blamed for devastating the housing market too.  As unbelievable as it sounds, nearly 3 million households received foreclosure notices in 2009.  It’s no wonder America is determined to take matters in their own hands by starting a home based business and be their own boss. These financial hardships have led many people to search for ways to make money and work from home.

The possibilities for home based business opportunities are endless. Owners, part time entrepreneurs and work from home moms are just some of the people discovering that you can sell products or services from the comfort of your own home.  It is also possible to combine your business with online marketing and advertising on the internet to further increase your potential earnings.

Even though you can make a substantial income from a home based business, the hard part starts before you ever make your first $.  I am talking about finding the right business to begin with….  Before you can cash those checks, you have to make sure you actually choose a viable business option.  That is why I have compiled a list of helpful tips to help pick the most profitable opportunity for you.

TIP #1 – Do a Thorough Self Evaluation – Think about what interests you and the goals you want to attain.  You want to choose a business that you will be passionate about and a product you believe in.

TIP #2 – Decide whether you want a traditional business or something that will create residual income.  There are many different options for both types of home based businesses.

TIP #3 – If something sounds too good to be true – it probably is.  “Don’t take their word for it”.  Talk to other people already in the business and be sure to do your due diligence on the company itself.

TIP #4 – Check out the competition to see how your product fairs in the market place.  You don’t want to have the “2nd best” product to offer.

TIP #5 – Make sure the business you choose offers support and ongoing training.  Try to find a mentor or coach who “has been there – done that”.  You will move forward much quicker if you know what doesn’t work.

Most of all – have fun!  It will be a lot of work and long hours, but the reward is far greater!  Good Luck!

Feel free to share with your friends on Twitter, Facebook and beyond.

Yours in Success,

Comments

8 Responses to “Want to Start Your Own Home Based Business?”
  1. Angela says:

    Glyna, what do you suggest for a small business when it comes to accepting credit cards? I have found due to the economy that banks and also establishments such as COSCO, want a reserve that you can’t touch again in order to offer credit options to customers. Virtual Merchant is the option I want to offer clients, but how can a small business get around a large reserve?

    Glyna Humm Reply:

    Hi Angela – I use PayPal for all my credit card accounts. There is no set-up charge, monthly fee or reserve needed. You can get more information at PayPal,com. I hope this helps!

  2. Great tips for what to look for in a home based business.I use PayPal too. Very safe.
    Beverly
    .-= Beverly Monical´s last blog ..Ever Heard Of The Boiling Frog Phenomenon? =-.

    Glyna Humm Reply:

    Thanks Beverly

  3. Glyna – great post! I am really enjoying reading your blog! You add such great value to all of us who are building a home based business!

    Glyna Humm Reply:

    Thank you Summer – I am glad you are finding this blog helpful. Please let me know if there is anything I can do for you!

  4. Gary Young says:

    Glyna,

    Solid advise in the form of your tips. I am Gary Young and am new to TAS. Great looking site!

    Glyna Humm Reply:

    Thanks Gary! I love having a home business so I wanted to share what I have learned along the way:)

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

CommentLuv badge