I read somewhere that a staggering 97% of Home Based Business Owners FAIL within their first 3 Years. Would you like to be in the other 3%?
 
Then you need a Checklist.I have spent a mammoth amount of time and money trying to find the “perfect” Home Based Business that will make me an “instant” fortune.Then I realised something…and I’m going to tell you what it is.Firstly, let me ask you something – Have you ever had a job and if so, did you make $10,000 a month after working there for just one month?Of course not. You had to learn the job first! Hopefully you were taught as you went along until you got it right. Even after that I dare say that the job never paid you $10,000 a month. That’s why you’re here. If you have never been in a Home Based Business it can be quite foreign but once you have learned the skills you need to succeed it can be very, very rewarding. By that I mean “financially” rewarding as well as “life” rewarding. Nowadays, it is our family who decides when our holidays are taken…not when a ‘boss’ says it’s ok. It feels so good.I realised that a successful business of any kind is built over time. You have to learn the ropes. I also realised that I didn’t want to do some of the things that were required of me in order to make an income while working from home. So I started writing down what it was that I was looking for, what I was comfortable with and what I was prepared to do consistently each day.This is important if you’re to work from home because there isn’t a boss hovering over your shoulder making sure that you are working. You have to want to do the work and when the money starts coming in it will give you even more incentive.When looking for a Home Based Business you must be sure that you have a check list.
 
 What is it that YOU want? Create one of your own. If you’re unsure, here’s my list to give you some ideas.

TRAINING Is there ongoing Training and Support to achieve the desired income?

PERSONAL CONTACT Can I talk with someone in the prospective business? Is there a phone number or contact email?

INTEGRITY Does the company mean what it says?

EQUIPMENT Do I need a computer, a phone etc? Do I get my own website?

COST Is the start up cost within my budget? This means, do I have the money now or am I prepared to go into debt to invest in this particular home based business and where will the money come from?

PROFITS Are they good or will I be working a long time to create a worthwhile income? Is the company promising an unrealistic income?

ONGOING FEES Is there an ongoing Membership to pay? This is most important to know (and in my opinion to avoid especially when you are new) because if there is a monthly fee, they will charge you EACH and EVERY month whether or not you are making any money!

PRODUCTS Are the products or services highly sought after?

VERSATILITY & DIVERSITY Does this home business teach me things that I can apply to other businesses or other ways to create more income? I am a great believer in Multiple Streams of Income. I like to “Provide For Life”.

PRIDE & COMFORT Am I happy to talk with my family and friends about my new home business that I have undertaken, without them running a mile thinking that I’m going to recruit them! Heaven forbid.
You know, This is my checklist and I was late in creating it but as they say, “Better late than never”. Now you know what I look for in a Home Based Business that suits me and I am happy to share it with you. Maybe you are looking for something with similar traits. I hope this list has been of some assistance to you.

Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.

The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.

It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!

With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.

With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant 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.