How to make Money working from home.

A free guide to making lots of money working from home. Did you know that the average time spent in any jobs working from home is only 3 months. What a waste of time & money! The reason is that most people don't bother to plan & just hope that the biz opp that they are currently involved in will miraculously make money working from home. This behaviour results in disappointment & dejection so that when a genuine opportunity does come along they are apt to reject it out of hand.

So, what's the answer? I think the answer is to have a clear plan & objective before you go looking for that golden opportunity. Let's start shall we? The idea is that the headings will start you thinking and I recommend that you start jotting ideas/answers down in a notebook. Don't forget this isn't my plan - it's yours!

There are many nuggets along the way and it is only by gaining knowledge that you will attain riches.

Motivation

This is the big question of all the other big questions. WHY? Why do you want to start working from home? Don't go into specifics like "I want" a new outfit or a new car & things like that. They are more suited to setting goals.

Do you need extra income? If so, how much?

Most people will probably say this to start with. But if you achieve 'extra income' then what? In my mind it is more suited as a goal. Look at Bill Gates & Warren Buffett. Do they need to make more money? What keeps them motivated?

Do you want something to do with your spare time? Do you want to meet new people & make new friends?

Can't you join a club or something, why do you have to start a business?

Is it your burning desire to have your own business? Now that's a big motivator.

Is it that you want to prove something? Now that's an even bigger motivator.

Is it that you want to retire? Now that's a big motivator. I met a lady the other day that did just that. She worked hard at the business for 5 years & made enough residual income to enable her to retire & travel the world. Guess what? She's back in business after 3 years. WHY?

MOTIVATION is what you need. Without motivation you won't succeed, sorry. Just think what you would be able to acieve if you coupled MOTIVATION with Commitment, Tenacity and Dedication!

Resources

You need to know what 'resources' you have that you can utilise in a new biz opp.

How much time have you got to devote to this venture? Is it going to be enough? Can you start part time working from home?

How much capital have you got to devote to this venture? Is it going to be enough?

What equipment eg. telephone, fax, computer, internet access, car, have you got? Do you need anything else?

Have you got support from your partner or parent? Are they encouraging? Can they offer physical help like looking after the kids while you attend a meeting?

What skills have you got? Eg. Administration, advertising, selling, marketing, communication, manual skills? Are you an ideas person or a doer as well? What skills can your partner or parent bring to the table to complement or support yours?

What business experience have you got? Do you need any?

Products or services

To earn money working from home you will have to sell a product or service.

What products or services are you going to sell? I'm presuming here that you're not going into a manufacturing from home biz opp like printing business cards. At the end of the day you will still have to sell them. That sounds like double the work - make & then sell.

Are the products or services in every day use? In other words, is there a repeat market?

Are the products or services of good quality? Usually, inferior quality products or services have a very limited time span with no repeat business. Constantly finding new customers is very, very difficult.

Is there a growing demand for the products or services?

Will there be a stream of new products or services? It's easier to sell new products or services to an existing customer base.

Are the products or services a new fad which might have a limited life?

Are the products or services too technical or complicated? Simple is best.

Are the products or services competitively priced? Would you buy?

What's the competition for those products or services? Competition is good. If there was no one else selling the same produts or service there may be no market for them. Know your competition but be positive, people don't all buy from the same provider.

Are the products/services good enough to stand up without the business opportunity? In other words, would the produts or services sell on their own?

A good rule of thumb is that you look at your own consumption of products & services to guide you in making a decision. If you don't/won't buy or use then the chances are that very few others will either.

Before you start a business from home, always, always, always buy the product or service, you are going to retail, first. The reason is that you can tell other people about it with conviction. People have an uncanny knack of spotting whether you truly believe in the product/service you are trying to sell.

Company credibility

It's very important to make sure that the company offering you the biz opp isn't going to disappear overnight with your customer's and your money.

Where is the company registered? Is it here in the UK or some offshore haven?

How long has it been operating? Is it a PLC?

Have there been any respected independent third party reports on the company or its products & services?

Does it operate under any goverment regulator? If so, you have a greater security knowing that it has been vetted before its licence to operate was granted.

Does it have a training schedule in place for its new recruits? As an agent what sort of backup can you rely on?

What after sales service does it provide? You could easily check by ringing the telephone number of the service department & see how quickly they respond. It's not a very scientific way to check but at least you will know whether the telephone is answered or whether you have a never ending list of choices & then end up talking to someone in a foreign country.

Are the products & services only aimed at the residential or business market or both?

Sales & Marketing

After all is said & done you will have to sell the product or service to generate the income. No sales - no pay! Immediately discount any company that says that you don't have to sell anything.

What sort of sales literature does the company produce? How much does it cost you? Does it impress you?

How are you going to get your customers? Leaflet distribution, newspaper advertising, internet, email (electronic 'word of mouth') or through recommendations? The most effective way is by using a combination of these.

How are you going to present the products & services? One to one, party plan, seminars?

What is the company payment plan? Don't forget that you are just one person with just so many hours in a day. You might be off work because you fall ill or you want to go on holiday, what happens to your income?

MULTI LEVEL MARKETING (MLM) or NETWORK MARKETING (NM)

Do the above words immediately strike horror into your whole being?

The MLM/NM concept is based on the most effective advertising - 'word of mouth'. Unfortunately, in the hands of untrained, mis-informed people, it has a bad name. It conjures up pestering friends, relatives & anyone that comes within 3 foot of you. This is a pity because in the right hands it is very powerful.

Fortunately, new professional marketers are trying to raise MLM/NM to new levels. It would take too long to go into the pros & cons here but there is an excellent free ebook, 'The 7 Great Lies of Network Marketing' by Ann Sieg, that you can download here. It's an excellent book & it's free.

What's next?

You now have enough information to draw up your plan.

It should read something like this.

My reason for starting a home based business is that I want to prove that I can bring in an additional income independent of my partner.

I can spare two hours a day, I have a car, computer with internet access and a telephone. I like meeting people face to face or talking to them on the telephone. I'm fine with paperwork & I can use the computer fairly well. My husband & my son (computer whiz-kid) have said that they would help me. I've talked to my parents & also to my best friend about this & they have indicated support.

I'm looking for a range of produts or services that have a good repeat potential. If it's products that I have to sell I want them shipped direct to my customer as my car is too small for deliveries. I want products or services that are in every day use, that I buy & use myself and don't mind recommending to my friends & relatives.

The company that I will choose must have a good reputation endorsed by independent third parties that I have heard of. It must have a training and support program already in place. It must have a payment plan that provides me with a residual (on-going) income. I know most companies do use MLM/NM plans but now I've read, 'The 7 Great Lies of Network Marketing' by Ann Sieg, I'm relaxed about it because I can do it my way.

I've got about £200 to invest in a business that offers me potential & a little more for marketing. I don't mind distributing leaflets & placing small-ads in newspapers to gain my customers. I'm quite good at asking for referrals so I might be able to expand the business quite rapidly.

Nearly there, but!

Let's recap. Think about the words why, what, how & when.

Why? That's the motivation

What? That's what resources you have and what products or services you are going to sell.

How? That's how you are going to sell or market those products or services.

When? This is the call to action. When are you going to do something? Without taking that first step you are still going to be in the dreaming stage. Go on, get going. Scour the biz opps on the internet and in the papers. Do it now, today! Get them to send you information about their opportunity & see if it fits your plan. Be ruthless, if it doesn't fit your plan upto at least 85-95% then don't do it!

The next sentence will give you a stunning advantage over 95% of people - read it very carefully.

Read it over & over again. Just by starting, you will be streets ahead of the 'wannabees', 'ifonlys', 'icants' & the 'goingtoos'.

Thank you for reading this. I hope it will be of use to you. I also wish you every success & if you know anybody else that might be interested, please forward this to them. Finally, if you live in the UK, I would like your permission to send you some information about a business opportunity that might just tick all the right boxes for you. I am willing to bet that even if you don't go in for the opportunity you'll buy the product or service because it will save you money! How's that for sticking my neck out?

Yes, I would like more information about a business opportunity working from home in the UK that might just tick all the right boxes - please click here.

Best wishes.