How do you create one of the best home based businesses? This is the second article in a four-part series that takes you on a journey to create your ideal internet home based business. To view articles 1, 3, and 4 please do an Author search on Ezine Articles for Chrystal Chantel. In the previous article I asked you to brainstorm what you love to do, how you like to spend your time, and what your skills and strengths are.Now take that list you created and ask yourself these questions: People who enjoy the same activities you do, what problems do they face? For example, if you love to garden, what difficulties do gardeners face? Could you provide a solution to those problems? If you love to cook, what challenges do chefs face? Have you come up with unique solutions that have worked for you? Have you previously thought about possible solutions to problems you have encountered?For each enjoyable activity on your list, brainstorm problems that other people may experience. Put problems on one side of the page, and potential solutions on the other side.What goals do people who engage in these activities have? How could you help them to achieve these goals? It is in the problems, in discovering what people need that you will find your potential customers. Take your time to clarify the problem, for the most successful home based businesses offer specific solutions to customer needs. Anyone can start a business, but the best home based businesses are those where customers come back time and time again, because the business fulfills their needs.“A problem well stated is a problem half solved.”
~Charles F. Kettering.~ “It isn’t that they can’t see the solution, it’s that they can’t see the problem.”
~G. K. Chesteron~“If we really understand the problem, the answer will come out of it, because the answer is not separate from the problem.”
~Jiddu Krishnamurti~ Your challenge is to find a problem that you will enjoy solving, and a serious need that people will happily pay you to have solved. Do you have a particular skill for handling certain kinds of problems? What irritating difficulties have you overcome in your life, no matter how small? Do you seem to know how to keep your old car going no matter how old it gets? Have you find a simple way to keep your children’s hair from getting tangled? Have you discovered a way to keep your pets free from fleas?Maybe you have found solutions to bigger problems such as experiencing a depression, an illness, or a major life challenge. It is likely that many other people have also experienced the problems you have. They may be grateful to benefit from your personal experience and unique solutions. Your internet home based business could be developed around sharing what you have learned with others. Many entrepreneurs discovered their best home based businesses by examining their own trials and tribulations. One entrepreneur did just this.One of the most wildly successful entrepreneurs on the internet started with a book he wrote advising people how to deal with car dealerships, and how they could buy cars at bargain prices instead of paying thousands of dollars extra. This was an expertise, a knowledge he had, a solution he had discovered and that he shared with others. This book lay the foundation for a multi-million dollar empire. He developed one of the best home based businesses because he took the time to identify what people needed and then he met that need successfully.“The fun of being alive is realizing that you have a talent and you can use it every day, so it grows stronger….And if you’re in an atmosphere where this talent is appreciated instead of just tolerated why, it’s just as good as sex.”
~Lou Centliver~Each one of us has talents and abilities; sometimes we take them for granted. Every one of us has faced problems in our lives, you may have found unique solutions that others could benefit from. So your task this week is to identify what problems people have and how you could help those people. This is your quest for this week.So brainstorm all the problems you can think of now and write them down. Then ask your friends or family if they have noticed problems that you have solved. Carry the list around with you for a week or at least three or four days. In your quiet times, pull out the list and add to it. You are on the quest for the serious problem, the burning need that people have, that you can successfully solve.“Make yourself necessary to somebody.”
~Harry Emerson Fosdick~This is a very important process you have embarked upon. The best home based businesses are successful because they have successfully identified an important need and filled it. This is what is called a target market. You too can have your own internet based home business. Your best ideas for the best home based businesses will come from your own personal experience, from your own challenges, and sharing how you have overcome them.Soon you will be ready for Step Three: Assess Your Business Ideas. In this next article, you will discover how you could turn your ideas into a product or service that people will gladly pay you for.© Copyright Chrystal Chantel, All Rights Reserved.Build Your Dream Business[http://www.build-your-dream-business.net/]I grant permission to publish this article, electronically or in print, as long as All the bylines are included, with Live Links, and the article is not changed in any way.
Best Home Based Businesses: Four Soul Searching Steps: Step Two
Considerable Factors Involved in Product Creation & Marketing
The niche you have chosen should allow creation of more than one product or service. 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 need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.
Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.
The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.
It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.
Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.
The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.
People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.
The Fate of Small Businesses on the Arrival of Big Brands
Running away when you find yourself in a competitive environment without a single effort or even a failed trial to see if you can make it can be termed the worst form of failure.
What defines you as a success story, are those efforts you made on your way to success and not the success itself. Your ability to take the bull by the horn and make concerted efforts to make a mark when everything seems blurry is what the definition of yourself should be.
Small and growing businesses tend to run into hiding when the “Big bull” (the big business) comes to town.
Some go as far as closing up even before the arrival of these big businesses. They surrender at the mention of the arrival of big businesses not minding the fact that they (the small businesses) have existed for a very long time.
This is as a result of the self-inflicting pain and fear that they bring upon themselves due to poor orientation and insufficient grooming. As a small business owner, you should be able to adapt and change with changing market conditions. When the market is shaky and unstable, your agility and stance must be firm and resolute.
A proper mindset, a proper thinking pattern and a good success orientation and grounding would help you to adjust and face the competitive business world confidently and bravely too.
It would not be much difficult for any small business that has been doing well in the past to retain its market despite the presence of big brands/businesses.
All you need to do is believe that you can make it and retain your company’s image along with your value driven products and services.
Nevertheless, a small business that have not been living up to expectation can still put up measures to weather the storm at the emergence of big businesses.
You as the owner of a small and growing business should possess a reasonable certainty and resolution devoid of relying on weak hopes to take your business to the next level as you aim at achieving success. You do this by putting in place, a good marketing system that directs and helps you to achieve reasonable amounts of profits and success.
The big mistake that most small and growing businesses make is that they are unsure of themselves and end up using excuses to cover up. They fail to realize that their business is meant for some people and those potential consumers would come looking for them if only they can distinguish themselves and offer something substantial and valuable.
You have people that believe in you and in what you have to offer. Remind yourself of this always and you will conceive that driving force you need to propel you further for more profitable actions.
When your mindset is constructed and built up with the thought that, “if anyone can do it, so can I”, all your actions and strategies would be based on energy and hard work aimed at hitting your target and reaching your goal.
It is therefore left for you as a small business owner to decide to stay put even if you are surrounded by the big businesses and create products and services that would help you sustain and grow your business.
Your products and services have to possess greater value to the customers.
As a small business owner, you have an edge over big businesses because;
Your operational costs are low.
You have direct contacts with your customers.
Due to your closeness to your customers, you can get to know what they think about your products and services and how you can serve them better.
You can come up with a very dynamic and targeted marketing plans and systems that cut across your target audience.
Some of these advantages are not always available to big businesses due to their administrative bottlenecks and wide (sometimes unnecessary) market coverage.