There are many reasons for wanting to start your own business from home, and most of us get to this point. Which one of the following applies to you?
So You Want Your Own Business!
- Doing what I want when I want.
- Improve my living standard.
- I want creative freedom.
- I want to fully use my skills, knowledge and education.
- I have a product idea service that people need.
- I’ll have more time with the family.
- I won’t have a dress code.
- Good tax breaks for business owners.
- I’m a Type B person and work best alone.
- I want to make the decisions.
I want to be my own boss
Now granted, every one of the above is a good reason for wanting your own business. The rub is that not many people think the process through – step by step. There are 7 phases to business planning. They are:
- Investigation Phase
- Planning Phase
- Start-up Phase
- Operating/Monitoring Phase
- Problem/Challenge resolution Phases
- Renewal/Expansion Phase
- Selling, Transferring, Retirement Phase
We’ll cover all of the above in this article as a “Business Basics” refresher, but for now let’s take number one.
In the Investigation Phase you take a look at yourself and also your business options. There are careers that are suited to men an women alike and for all personality types, so the first thing you must discern is “Which personality type am I?”
This is an introverted personality who is serious, quiet, thorough, orderly, matter-of-fact, logical, realistic, and dependable. They take responsibility, are well organized, know what should be accomplished and work steadily toward it disregarding distractions. They are careful calculators, and 20% of this group become accountants.
These are also introverts and are cool onlookers. They are quiet, reserved, observing, and analyzing life with a detached curiosity and have unexpected flashes of original humor. They’re usually interested in cause and effect, how and why mechanical things work, and in organizing facts using logical principles. They usually are craftsmen, mechanics, or handymen with about 10% becoming farmers.
These people are extraverts who are good at on-the-spot problem solving, don’t worry, enjoy whatever comes along, are adaptable, tolerant, and generally conservative in values. They tend to like mechanical things and sports, and dislike long explanations. They are best with “real” things that can be worked, handled, taken apart, or put together. About 10% of this type go into marketing or become Impresarios.
These are another extrovert group and are hearty, frank, decisive, leaders in activities and usually good in anything that requires reasoning and intelligent talk, such as public speaking. They’re usually well informed and enjoy adding to their fund of knowledge. They may sometimes appear more positive and confident than their experience in an area warrants. They’re sometimes called “judgers” and “thinkers” and 21% of this group become legal administrators.
To go into each personality type would be far too complicated, but to give you an idea of the roles that personality types could fall into look at the following list. Beside the categories we covered in depth here are some simply broken down into Introvert or Extrovert Personality.
Introverts choose careers that satisfy being:
Extroverts are usually:
- The Inspirers
The second part of the Investigating Phase is looking at your business options. When choosing the business you want to start considering the following:
- Do you like to work with your hands or brain, or both?
- Does working indoors or outdoors matter?
- Are you good at math, writing, puzzles, blueprints, installing things or fixing things?
- What interests you? What are your hobbies?
- Do you like to work alone or as part of a team?
- Do you like to plan things, or go to events?
- Do you like machines, computers?
- Do you like to drive or operate equipment?
- Do you like to travel, collect/display things, give/attend shows, or take pictures?
- Are you small, large, strong?
Make a list of your likes and dislikes. Keep a diary of things you do that relate to business and rate each entry from 1 to 5 based on your interest. Then prepare a list of your strengths, weaknesses, opportunities and concerns. After doing all that, you should have a list of candidate businesses that are right for you. Then you can make a list of the “candidate businesses” and rate them from 1 to 5 based on your own chosen criteria. Then have a read of the graphic to the right and see if it matches up to what you have written down.
Some criteria could be is it feasible, low in cost to establish, meets my objectives, will make money, there is a “niche” market of existing customers, or it will produce residual income to name just a few.
So maybe my entrepreneurs and those surveyed are not really that much different in thinking. The outlook of most entrepreneurs is probably optimistic, or will be unless more unforeseen disasters strike.
Even after the huge devastation of natural disasters within 6 months people are back to the same level of optimism as they had before. People get used to dealing with tough circumstances and factor them in, but are not swayed by them. When you really think about it; isn’t that what most entrepreneurs are like?
If they’re not, then they aren’t entrepreneurs by my way of thinking.
Before I finish let me say a few words on an area of online marketing that tends to be overlooked by a lot of people who are already in the business of earning their income from the internet, and that is…
Viral Marketing For Big Traffic
So for all you wannabe people who want to start your own online business viral marketing is a cool term for word of mouth on the Internet. It is where people hear about your website service or products through other people. Sending an email with an advertisement on the bottom is a good way to spread the word. Having a newsletter also increases your visibility online. There are also forums that discuss products and services and rate them. Viral marketing’s referral technique works like the snowball effect, which increases exponentially the visibility of your business.
Getting personal recommendations to try a product or service is a great way to build credibility and trust in your fledgling business. Repeating these referrals to other people makes the customer actively engage themselves and not passively hear about the products advantages.
Viral marketing is also a great way to keep advertising costs way down. Passing along an article from an online magazine keeps the message intact, is free and easy to pass along, and doesn’t cost anything, but offers a clear benefit to both parties involved.
Here are some ways to make your viral marketing message work. You can give away a free article with a pass it on link on the bottom, or a free demo version of your product, or offer a free trial of your service on your web site and include a share it with your friend button at the bottom of the page. You could also have a monthly Newsletter to capture people’s contact information. And of course you can start your own affiliate program, where affiliates generate traffic to your website with banner ads, text links, letters of referrals, etc. You pay for results only.
Viral marketing is the way to achieve high traffic cheaply and effectively on the web. Provide your customers with a compelling reason to pass on the message and you are well on your way to big time traffic.
Or even better – How To Start A Profitable Home Based Online Marketing Business
What better way is there to get your home-based business up and running at no cost and with a website thrown in that doesn’t cost you anything either? Sound good to you? I bet it does and if you click on the graphic at the end of this article you can go take a look for yourself on how you can accomplish this.
That’s all I’m going to say folks. No long drawn out explanation why you should or how you could because if your dearest wish is to be your own boss and have your own business from home then anything I might say won’t make a blind bit of difference. The final decision is and should be entirely yours whether you choose this company or look elsewhere, but do take some kind of action today because tomorrow you are only going to be a day older with nothing to show for it.
What I will say to do is if you want to ditch your day job then take a look at the graphic below before you click it and you will see what you will have access to as a Starter Member or Premium Member. You can stay as a Starter Member for as long as you like, but take a look at what you get as a Premium Member and you can see there really is no contest.
Thank you for reading my article and I do wish you to have an excellent day wherever you are.