Updated 20th November 2018
How To Start A Home Business – Mistakes People Make
Make a of money – When you’re starting a home business, it’s all too easy to make mistakes, after all you’ve never done this before. Fortunately for you, though, you can learn from others’ errors, by making sure you don’t do any of these things.
Online Business Owner Skill Set – Mind Set
Thinking Skills You Don’t Have Aren’t Important – So you have no idea how to keep records and accounts, or you don’t know how to maintain a mailing list. You need to learn these things! Too many home business owners just do the things that they know how to do, and assume that they can probably get by without everything else. To achieve success you have to be able to certain things. To do them well you really do need a certain skill-set and mindset.
You need to realise that when you’re running a home business, you’re going to need to do as much as you can for yourself. This is especially so when you’re first starting out. This means that you can’t get by if your business skills are lacking.
I always say that everyone who is thinking of starting a business should take an inexpensive and quick local business course, and I stand by it. Even if you think you’ll be fine, it can’t hurt, can it?
Not Managing Your Time
When you’re used to working nine to five, an easy trap to fall into is not managing your time effectively. Your home is full of distractions, and there won’t be anyone there to tell you to get on with it. If you’re prone to daydreaming or procrastinating then this can be disastrous. Whole days can go by with only tiny amounts of work getting done.
You need to be sure that you have a schedule, and that you stick to it. Draw a clear line between work and non-work time, and don’t cross the line in either direction. Apart from that, the word to remember is ‘prioritise’: appreciate that you won’t always be able to do everything. Make sure you get at least the important things done though. Follow the time management tips within the above graphic. Take a time management training course. Every little helps.
Making A Good First Impression
There are many home businesses offline or online where clients might need to visit your home. Make sure it’s fit for visiting! You can’t lead them into a messy office, or be holding your dog back from barking at them when you first meet. Remember that professionalism is important, and it’s too easy to end up looking silly if you don’t plan how you’re going to make a good impression when you invite people to your home.
If you can’t afford a ‘business annex’ to your house, then consider hiring someone to look after your dog or children for a few hours while you have a business meeting there. It might also be worth paying a cleaner to give the place a quick once-over, if you haven’t had time to clean up for a while.
Target Marketing To A Target Audience
Too many home businesses, when asked who their target market is, say ‘well everyone’. Your target market is never everyone. If it is, you will fail. You can’t just choose an industry and advertise your new-found profession to everyone. You have to learn how to target market. You find your target audience and you market to them. Absolutely no point in doing otherwise because you will fail to make any money.
Simply put, the key to success is this: think about what you can do, and then market that to people who will want it. Advertise in places where these people are. If your business has no target market, then you have no business, period.
Control Internet Business Start Up Costs
Finally, too many people overestimate how much money it’s going to take to start a home business. Do you really need brand-new equipment? If you’re spending thousands of dollars before you’ve made any sales at all, you’re setting yourself up for a disappointment.
Start your business on a shoestring, work hard, and expand gradually. If you don’t you’re setting yourself up for a big fall. However much you might think you ought to do things ‘properly’, you need to make sure that you’re minimising costs and maximising profit every step of the way. If you don’t then you’re failing yourself as a home business owner. It’s when you start to get some bigger clients and/or making decent money that you can start paying a little extra to make your business life more comfortable.
How To Start An Online Business On A – Shoestring
So how can you start a business at home on a shoestring? There are many online programs that are free to join and others that say they will give you a startup at minimal or no cost. That’s great but a lot of those programs also have hidden costs that aren’t revealed until you signup.
These are what are called Upsells and believe me they can run into hundreds and even thousands of dollars.
My advice to anyone who would like the opportunity to have a home business is to join one of the free ones. See what’s on offer and see if its what you would be able to do. Go for the ones that offer free training and maybe a free website as well.
(If you want to start a home business you will need your own website to advertise and put your offers on)
Then of course there is the Hosting of that site on the internet to pay for. It also has to be called something, you will need to buy a Domain Name as well.
How To In Home Business
So you join a program with a free signup but there are those hidden costs I was telling you about earlier. This being so it will pay you to do your research and find the best possible deal that you can, and one that is a good fit for your current financial circumstances.
You will also need to have some sort of plan so that you know what you need to do on a daily basis. You will need a schedule or time-table you know you will be able to stick to.
If you have no previous experience of having a business you can run from home you will need access to a lot of how to’s with your plan. For example:
- How to build a website
- How to put images on that site.
- How to put videos on the site.
- How to write reviews for products or services you want to put on that site.
- How to promote that site on the net.
- How to have people contact you.
These are just a few of the things you need to know about. You will have to look long and hard to find a program that will show you how to do this and more.
I do have a few links you can follow and read about an online programs community I have been a member of since 2014. Read all about what it can do to get you up and running with your own home business. I have to add that its totally free and you can stay for as long as you want to free of charge.
Here are the links –
I’m sure you will find enough information within these pages to at least go ahead and give it a trial for a week to see if its something you could do.
There are about a million members worldwide so plenty of help and support. If you get in touch with me I will of course point you in the right direction for any help you need.
To your success folks and have an awesome day.