| In these days, it's becoming increasingly
difficult to make ends meet with just one source of income.
Thus, more and more people are investigating the possibilities
of starting their own extra-income business. Most of these
part-time endeavors are started and operated from the
comfort and privacy of the home.
Most of these people are making the extra money they
need. Some have wisely and carefully built these extra
income efforts into full-time, very profitable businesses.
Others are just keeping busy, having fun, and enjoying
life as never before. The important thing is that they
are doing something other than waiting for the government
to give them a handout; they are improving their lot
in life, and you can do it, too!
The fields of mail order selling, multi-level marketing,
and in-home party sales have never been more popular.
If any of these kinds of extra income producing ideas
appeal to you, then you owe it to yourself to check
them out. But these aren't the only fields of endeavor
you can start and operate from home, with little or
no investment, and learn as you go.
If you type, you can start a home-based typing service;
if you have a truck or have access to a trailer, you
can start a clean-up/hauling service. Simply collecting
old news papers from your neighbors can get you started
in the paper recycling business. More than a few enterprising
housewives have found success and fortune by starting
home and/or apartment cleaning services.
If you have a yard full of flowers, you can make good
extra money by supplying fresh cut flowers to restaurants
and offices in your area on a regular basis. You might
turn a ceramics hobby into a lucrative personalized
coffee mug business. What I'm saying is that in reality,
there's literally no end to the ways you can
start and operate a profitable extra income business
from your home.
The first thing you must do, however, is some basic
market research. Find out for yourself, first-hand,
just how many people there are in your area who are
interested in your proposed product or service, and
would be "willing to stand in line and pay money
This is known as defining your market and pinpointing
your customers. If after checking around, talking about
your idea with a whole lot of people over a period of
one to three months, you get the idea that these people
would be paying customers, your next effort should be
directed toward the "detailing" of your business
The more precise and detailed your plan - covering
all the bases relating to how you'll do everything that
needs to be done - the easier it's going to be for you
to attain success. Such a plan should show your start-up
investment needs, your advertising plan, your production
costs and procedures, your sales program, and how your
time will be allocated.
Too often, enthusiastic and ambitious entrepreneurs
jump in on an extra income project and suddenly find
that the costs are beyond their abilities, and the time
requirements more than they can meet. It pays to lay
it all out on paper before you get involved, and the
clearer you can "see" everything before you
start, the better your chances for success.
Now, assuming you've got your market targeted, you
know who your customers are going to be and how you're
going to reach them with your product or service. And
you have all your costs as well as time requirements
itemized. The next step is to set your plan in motion
and start making money.
Here is the most important "secret" of all,
relating to starting and building a profitable home-based
business, so read very carefully. Regardless of what
kind of business you start, you must have the capital
and the available time to sustain your business through
the first six months of operation.
Specifically, you must not count on receiving or spending
any money coming in from your business on yourself or
for your bills during those first six months. All the
income from your business during those first six months
should be reinvested in your business in order for it
to grow and reach our planned first year potential.
Once you've passed that first six months milestone,
you can set up a small monthly salary for yourself,
and begin enjoying the fruits of your labor. But the
first six months or operation for any business are critical,
so do not plan to use any of the money your business
generates for yourself during that period.
If you've got your business plan properly organized,
and have implemented the plan, you should at the end
of your first year be able to begin thinking about hiring
other people to alleviate some of your work-load. Remember
this: Starting a successful business is not a means
towards either a job for yourself or a way to keep busy.
It should be regarded as the beginning of an enterprise
that will grow and prosper, with you as the top dog.
Eventually, you'll have other people doing all the work
for you, even run ning the
entire operation, while you vacation in the Bahamas
or Hawaii and collect or receive regular income from
your initial efforts.
For more details on market research, business planning,
advertising, selling, order fulfillment, and other aspects
of home-based businesses, check with the distributor
from whom you received this report.