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Starting a Home Business? Start with what you know.
by Bob Cortez
The most frequently asked question I receive as an Internet
home business consultant usually goes something like this;
"I would really like to start my own home business on the
Internet, but I don't know what." The short answer is -
Start with what you know and enjoy.
There are a number of good reasons for this:
By drawing on existing knowledge, you can
concentrate on building a business rather than
learning about a new trade, product, or service.
Starting and running a home business means long
hours and sacrifice. It is easier to do when you are
doing something you enjoy.
Selling what you know and enjoy is less difficult
for non-salespeople.
The Internet offers unique opportunities for the home
business netrepreneur. It creates the ability to reach a
much larger potential market for your product, service, or
information at a much lower price than through conventional
advertising mediums.
The Internet and World Wide Web are still in their infancy.
Right now, you can get everything you need to put your
business online - free. It is like someone offering you a
store (web hosting), full time staff (web pages, auto
responders) and advertising (lots of advertising) for free.
All you have to do is come up with an idea for a product or
service to put in the store.
One of my favorite examples is my mother's home business.
She builds very creative and unique birdhouses. She uses
scrap lumber from a local sawmill (free) and driftwood from
the local beach (free), to keep her material costs low.
Another local artist provides the miniature sculptures for a
percentage of the sales. She started by building and selling
these for the local tourist trade in Homer Alaska, and was
doing ok. But when we put them on the Internet
http://www.ptialaska.net/~cortez/ sales really began to
soar. Not everyone that would be interested in the
birdhouses can afford to visit Homer, and we certainly
couldn't afford to advertise to the world in any other way.
We were able to reach this larger market by using free web
hosting, design, and promotion services. Once we developed a
flow of traffic, we were able to create additional income
streams by selling other peoples products as well. (I'll
discuss this further later in this article)
This business model can work for just about any product that
can be shipped. What unique item can you build using local
materials? Do you have a craft or gift idea that is unique?
How about a kit or plans for something you have built?
Information is another type of product. What do you know or
know how to do that would be of interest or value to others?
You can either sell that information as a report, or a tip
booklet. Or you can give the information away at your store
and sell other peoples related products for a commission.
The advantage here is that once you put your information in
the store it is done. You don't have to keep building it and
shipping it. If your not comfortable with writing your own
material you can use a ghostwriter
http://www.home-work.net or have a tips booklet prepared
with assistance in getting it published
http://www.tipsbooklets.com.
Another home business opportunity that is unique to the
Internet is based on common interests. What do you have a
special interest in that others may share? Music, books,
computers, cars, gardening, collectibles, etc ? The idea in
this business model is to create a site with information and
resources available online of interest to others. Then you
select products to sell of interest to people that would be
visiting your site. For instance, if you had an avid
interest in a particular type of music. You could develop a
site that was a resource for others with that same interest.
The site could include links to artists sites, reviews of
the latest releases, concert tour information, photos, sound
clips, interview excerpts, a chat room, or discussion board.
You become an "associate" of one of the CD distributors
online and receive a commission on CD's that are sold. The
distributor does the entire order fulfillment. The number
and variety of companies that have an associate program
online is growing daily. They cover all kinds of products
and services from gifts to computers or web hosting to
credit cards. For a partial list of these types of programs,
send any email to bizlist@tqm-online.com
Start with what you know, apply some imagination, and open
your low cost home business online. The market is growing
everyday - world wide.
*-------------------------------------------------------
Copyright 1998 Bob Cortez has twenty years of sales and
marketing experience and moderates the Homebiz Discussion
List mailto:homebiz-subscribe@onelist.com Through Total
Quality Marketing he provides consulting and marketing
services to small and home based entrepreneurs.
bobcortez@tqm-online.com
http://www.tqm-online.com
Article supplied by The Gallery at http://www.e-zinez.com
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