There is a significant increase in the number of mothers opting to have a home based business. This growing trend gives mothers an opportunity to manage their own time and allows flexibility in handling the demands in her family, children and other household obligations.Imagine a mother like anyone else has only 24 hours to juggle various tasks at the home plus her 9-5 office work, community, friends and a lot more. Apart from this, she has a husband and a personal life to pursue.And with a mother’s desire to spend more time with her kids, keeping a 9-5 full time job becomes a hurdle as it already stashes away half of her day. Hence, setting up a home based business becomes an alternative solution.Freeing yourself from a full time job means you will be able to support your son in his baseball game or your daughter’s first piano recital. Your children can count on your presence with confidence that you will be around until the program ends. No rush.Not slaving yourself from a 9-5 day time job leads to more quality time with your children, having energy to follow-up their school homework and more moments to waste time with them.Keeping a home based business is akin to continuing your 9-5 full time job except that you report to no one but to yourself. So mothers, who are ex-corporate lawyer, ex-sales executive and so on, can continue to exercise their expertise by starting a home based business on their knowledge and skill. Your skill from your previous job can be turned into an opportunity. Your services can be outsourced by any private firms or perhaps your previous employer or clients.Another factor that motivates mother to start their home based business is the financial freedom and security from the income generated. An income no matter how minimal is still an income which can augment your family’s financial resources.And with the advent of internet, the opportunity for home based business is vast. It’s your window to the world of opportunities.However, you need also to be realistic in being a home based entrepreneur. Be aware also of the possible investments you will be taking – time, money, skills, etc. Know your strength and weaknesses in your chosen home based business venture.Like any other business it entails hard work, planning and perseverance before your business will take off from the ground. Any successful business ventures didn’t come overnight. You have to toil the groundwork maybe weeks, months or years.In the end of the day, it is all about your choice and the reasons behind your choice for opting to a home based business
Does Any Home Based Business Really Work?
After spending what can seem like a very long time, and sometimes quite a bit of money, you might be asking yourself: “Does any home based business really work?” Of course the answer is “yes,” but it sure can seem that none do. Why don’t we look at some clues that should let you feel pretty good about knowing very quickly what you should avoid.First, if you look at an opportunity where you are being promised the world for one up-front price that seems pretty expensive, you might want to reconsider. Why? Because an opportunity that makes sense should provide a real person who will coach you through a learning curve to be sure that you can be successful, but they are going to want payment over the time they are providing that coaching. If all the money is up-front, what’s the incentive to be there for you over time.Second, if you can’t talk with a real person about this home based business, you should question whether or not it’s for real. Not only should you be able to talk with one person, but you should be able to get references from many and you should be able to choose who you call from that list. Of course there will be successes and failures, but you should get a feeling that you’re getting honest, realistic answers from the people you call.Third, if you don’t have to do any work and you’re going to get rich, forget about it! No such animal exists. It it did, it would be guarded like the crown jewels. Why would anyone make you rich if you provided nothing in return? You’ll only get rich through intelligent work, often by learning from a master. It doesn’t have to be back-breaking but it will require work over an extended period of time.Next, be very careful about joining a home based business that provides you with a replicated web-site. Almost always, those sites are identical to every other site in the company with the exception of having your name on it, in small print, I might add. The search engines will never rank your site. Your site won’t provide any unique content, nor will the content evolve and add value over time.So, when will a home based business really work? When you are branding yourself with your own proposal, product, service, education, etc. You’ll immediately ask how you can do that, if you don’t have such an offering. The first thing to do is learn how to properly market the offering on-line. It doesn’t really matter what it will be. When properly marketed, it will come from your branding. You might even recommend other products or services from others but to people who have come to know and trust your recommendations. So learn how to get to that level on-line and you’ll have your home based business that really works.
Effective Marketing Strategies in Product Creation
Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.
If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.
Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.
For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.
No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.
There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.