Posts tagged Business Tips

Tips for Starting your Home-Based Service Business

Tips for Starting your Home-Based Service Business

The current trend is towards more home-based businesses. They require lower overhead and startup money making them easier for entrepreneurs with limited fund. If you are thinking about starting a home-based service business, here are a few tips for getting started on the right foot.

Tips for Starting your Home-Based Service Business

What is a service business?

Service businesses are those that provide help to others. This can be anything from mowing the lawn to managing business accounts. The basis of a successful service business is one that supplies a need. In your area, it may take some research to discover the top service needs and then figure out which one you can provide.

Benefits of a home-based service business

There are several benefits to running a home-based service business. First of all, you can run the business from your home. Since you already pay a mortgage, utilities and car payments, the only thing you need spend money on now is the equipment for your business. And, running a service that began as a hobby means you already own most of the needed equipment.

Secondly, a home-based service business requires low overhead and startup costs. We alluded to the startup costs above and the low overhead means no employees but you. The key to keeping the overhead low is taking on only as many projects as you can safely and efficiently handle by yourself.

 

Home-based service business options

As we mentioned, you can usually run these service businesses out of your home. Establishing a website for selling your services lowers the overhead even more and maximizes your profit. With the Internet as your potential customer base, the opportunities are endless for marketing and finding clients. Here are some home-based service options.

Virtual assisting has taken off in a big way in the last ten years. Using a computer, fax machine, telephone, and Internet access, you can perform various administrative duties for large and small companies. You are paid for the work that you do so there is no extra charge for the company. Virtual assisting skills run from transcription to accounting to managing email and company websites.

Transcription by itself can be a profitable venture. Medical offices and businesspeople are always in need of someone to transcribe their audio or video files. It is far easier and less time consuming to record an interview or dictate a medical procedure. Your job will be to turn that file into a document for patient charts and online use by various businesses.

Ghostwriting is the process of writing articles, novels, eBooks and more for an individual or a company. Using your writing talent, you can make a lot of money creating literary works (print and electronic) for others who need them.

 

Getting started tips

There are considerations before beginning any type of business even a home-based one.

1. Check out the local laws for registering and zoning a home business.

Most home businesses require no zoning issues unless you will be meeting clients in your home and posting signs in the yard.

 

2. Small business tax laws.

Now that you are a business, you are subject to different tax exemptions, deductions and payments. Sites like www.irs.gov can give you the information you need.

 

3. Set up a separate work space at home.

This could be as simple as using a spare bedroom or den with a door to keep your work separate. If you rely on the telephone a separate phone line can be added. When a workshop is needed, consider using a garage or purchasing a large outbuilding.

 

4. Use on and offline marketing methods to find clients.

This includes: viral marketing, newspaper and Yellow Pages ads, flyers and direct mailings, email marketing, article marketing, setting up a website and etcetera.

 

5. Create a schedule to divide time between work and family.

Balancing both is hard. Scheduling time and sticking to it means more gets done and no one is slighted.

 

A home-based service business is an alternative for people who want to know entrepreneurship without spending a lot in upfront costs. If you have a talent and can meet a need, consider a home-based business.

 

Here’s to Your Success!

Jerry D Ross

 

Have a comment or suggestion? Leave your comment below.

Feel free to contact me with questions or suggestions.

5 Tips to Attraction Marketing

Succeeding at Attraction Marketing

A lot has been written about Attraction Marketing, yet we still see so many on the Internet try to push their products on whatever audience they can find. Attraction Marketing is a method of marketing where you draw people to you through providing value to their lives and making them want to come back for more; making them want to follow you. You become an expert whom others want to associate with and learn from.

There are many ways to build that reputation of being a leader, an expert, a trustworthy business partner. Those methods include using Blogs, Twitter, Facebook, Websites, or a number of other mediums. The point is not which medium to use, but how to use it.

Here are a few basic tips to succeed in Attraction Marketing:

 

1. Know your audience and address their issues.

Are they other business owners? Then provide business information and solutions. Are your audience health conscious people? Then provide health solutions.

2. Provide valuable information to your audience.

When you provide value and useful solutions to peoples problems, they will want to come back for more of your information and solutions. Provide valuable information that is useful and usable in and of itself.

3. Be likable.

No one wants to do business with or follow someone who is not likable. Even in the seemingly small things like your pictures, be likable: Smile in your pictures or videos. Be positive in you messages. Share uplifting and beneficial information that brings good to others. Be likable.

4. Let your products or services naturally flow from your material.

Don’t shout out at your audience that you have the only product worth considering. Let you offers flow from you messages and let you audience choose to accept the offers as they desire. When you provide valuable information to your audience, some will want to know what else you provide and look for the products you offer.

5. Provide Solutions!

People are looking for solutions to their problems. Business tips. How to instructions. Time management techniques. Provide answers to the issues a business owner would have.

Help your audience feel welcome and cared about. Draw them to you with honey, don’t drive them away with vinegar. Be a friend and leader who can be relied upon to provide trustworthy solutions to life’s problems.

Here’s to your Attraction Marketing Success!

Jerry D Ross

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