Just like you, I have been invited to numerous home parties where some home, food, nutritional, etc items are being sold. I usually make my “supporting you” purchase and may or may not attend the party. For those parties that I have been able to attend, I’ve met and heard the testimonies of the business owners and how these home based business’ have changed their life by giving them the opportunity to quit their full-time jobs and now have more flexibility in their time, work when they want to and, most importantly (for this article), they are making more money than they did in the workforce! WHAT?! REALLY?! HOW?… was the one question that I wanted to know the answer to.After many years of owning my own Accounting and Tax business as a CPA, I have joined a company with the home based business model and after applying the skills and knowledge of how to run a successful Accounting and Tax business to my home based business, I am finding success! So, if you are thinking of trying a home based business, or you already have a home based business and really want to see success, please read the below three steps in how to make money with a home based business:1. Do one thing every day to potentially give you a sale. I know that not all home based business’ are based on sales, but most of them are, so I am using that model in this article. Make a weekly plan for yourself listing what you will do every day to promotes sales, then do it. You will find that making the weekly plan will be the hardest part of this commitment, so don’t skip that step. It will be so much harder to keep this commitment if you don’t have an idea of what you are going to do. After a few weeks, this will become a habit and not seem so much like you are working. Especially after your sales go up, you will no longer see this as a chore, but a tool to get you where you are wanting to go. Let the excitement begin!2. Connect with your upline/mentor at least once a week. In most home based business’ there is a mentor available to you, whether that be someone who sponsored you, or maybe an online training source. Whatever the case may be for your business, it is essential to connect with this mentor on a weekly basis and share with them what you have been doing as far as work habits in getting sales, product education, prospecting new customers, etc. A full-blown business meeting! Lay it all out on the table as to what you are doing and allow your mentor to comment and give you some advice or tips. They are there to help you, so be attentive and consider what they are saying. Be honest with them and if it’s been a bad week, then tell them. They will be able to help you through the slumps and give you advice on how they conquered that in their business. Not only is this connection time helpful for your business, it holds you accountable to complete the work habits that you have set for yourself. Don’t cheat yourself this opportunity to achieve your goals!3. Create physical reminders for yourself as to why you are doing this. Your reason “why” you want to create more financial freedom for yourself is what will keep you going. Let’s face the truth here, this is not a get-rich quick plan! It takes time and commitment to start something new, especially if you are already working full-time, supporting a family, etc. Knowing your reason “why” has to be in front of you every day, or trust me, you will not feel like doing it. Physical reminders can be anything that you see at home, in your car, at work, in the bathroom, wherever you are, so that it’s there to remind you why you are trying to create freedom for yourself. Some examples of physical reminders could be simply writing your goals down on a piece of paper and taping them to the walls around the house. You could post pictures around your house that reminds you of the freedom you are working towards. You get the idea. Be creative, this is for you, so your physical reminder will be as unique as you are. You will be amazed at the power of a physical reminder – do it for you!
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.
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.