How to Make Money with a
Successful Home Based Business
What does it take to build a successful home based business? And is it really possible to achieve long term financial security working from home?
There are two myths about making money from home:
- It's easy - and you just need the right 'get rich quick' idea
- It's impossible - it's all a scam
Neither of these is true. Hundreds of thousands of people run small businesses from home - some full time and many part time. This web site aims to tell you how they do it.
If there is one key principle to follow that is likely to increase your chances of building a successful home based business, it is to copy someone who has already achieved success. This is much less risky than trying to invent a unique and completely new small business idea.
There are three ways to copy.
- One option is to try to replicate the exact same business as someone else - but most probably you will have to draw your customers from a different geographic location
- Second, you can follow the same business idea but differentiate your business so that you take advantage of a slightly different market niche - for example, sell on eBay but develop your own area of expertise in what you sell
- Third, you can learn what has worked for others in terms of general business principles - such as marketing ideas - and apply them to your own home based business
Whichever of these strategies you decide to follow, it is well worth your time reading through some of our Expert Interview series (see the photos and links on the right of this page) with home business mentors such as Skip McGrath, Debra Gould, Sylvia Jaumann, Teena Rose, Joe Waynick and others.
SMALL BUSINESS IDEAS
In the business ideas section, you'll find information on real low cost small businesses you can run from home, full or part time. Broadly these fall into two categories:
- Traditional small businesses - such as bookkeeping or cleaning where you can earn an income from day one.
- Slow build residual income ideas - such as many computer based home based businesses, where you invest your time up front in the hope of achieving long term financial freedom
Whatever type of successful home based business you aim for, it's vital to have a grasp of the general principles of niche marketing and advertising.
Maybe you're looking to start something full time. Or perhaps you already have a full time job elsewhere and you'd like to start making extra money from home. Maybe you're hoping to build a second income gradually so you can quit your day job.
Whatever your circumstances, the good news is that it is possible to start and develop a successful home based business, and my aim is to help you increase your chances of success.
I'll be drawing on my experience as an accountant and former E-Myth small business coach to bring you key information on what works. The best way to succeed, in my view, is to copy the success of others.
We'll be looking at the best start up ideas. We'll be covering some key areas of knowledge like marketing and money and we'll be exploring how best to use the internet.
GAINING VITAL KNOWLEDGE
You may well have most of the knowledge you need in your head right now. But a couple of pieces of extra information - maybe opening your mind to some possibilities you didn't know existed - could make a vital difference to your future. So please take time to have a good look around this web site.
Again, I'd recommend you have a look at the Expert Interviews section where you can find great advice on different small business ideas.
I'm keeping this introduction brief, but I just want to mention a few key points on my approach to building a sucessful home based business.
In general, I'll be recommending low risk, low cost options. I'll be suggesting you look at tried and tested strategies rather than taking a gamble on untried start up ideas. And I'll be trying to steer you clear of expensive mistakes.
Finally, my whole approach is more about 'get rich slow and sure' rather than offering 'get rich quick' overnight success.
WARNING and DISCLAIMER
Anyone who decides to start a home based business must be prepared to invest substantial time and hard work with no guarantee of success. That's the same for all small business owners.
The purpose of this website is to provide general information to anyone seeking to start and build a successful home based business. It does not provide legal, accounting or other professional advice or services. If you would like specific advice on your small business ideas and plans, please consult a competent professional.
The publisher of this website will not accept liability or responsibility to any person or entity for loss or damages caused or alleged to be caused directly or indirectly by the information contained on this site.
- Home Based Business Blog
- The Successful Home Based Business Blog keeps you up to date with all changes and additions to the successful-home-based-business.com web site. Subscribe here.
- Home Based Business Advice, EMyth, The Slight Edge
- Interviews with experts on home based businesses, and reviews of key business books which give small business and home based business advice.
- Your Home Business Success Story, Successful Home Based Business
- Do you run a home based business? Please share your home business success story and tips.
- List Of Small Business Ideas for a Home Based Business
- An overview and list of small business ideas suitable for a home based business, including internet and offline businesses, network marketing and traditional local enterprises.
- Computer Home Based Business, Earn Residual Income Online
- A computer home based business is the ideal solution for many people who are looking to make extra money - particularly the residual income which helps improve your long term financial security.
- Home Based Franchises To Buy, Home Based Business
- There are many home based franchises to buy but which is the best to choose? What criteria should you be looking at? And, anyway, is a small franchise opportunity really a good idea?
- Turnkey Business Opportunities, Successful Home Based Business
- Many people working from home are looking for low cost turnkey business opportunities - the best passive income systems where cash flows in from day one - hopefully with very little effort!
- MLM Home Based Business, Network Marketing Residual Income
- Starting an MLM home based business is one of the most popular options for anyone intent on making extra money at home. With part time work, and high potential residual income, it's easy to see why.
- Niche Marketing Strategy, Home Based Business
- In a home based business you need to find a gap in the market and use a niche marketing strategy rather than wasting money on large company brand building type of adverts.
- Home Business Advertising, What Works
- The same principles apply to home business advertising as to any small enterprise. It's about small experiments to find out what works rather than wasting money on newspaper and other print adverts.
- Home Based Business Start Up - Tips For Success
- The most important decision you make when planning a home based business start up is to pick the right business idea. This is one of the biggest factors in long term success or failure.
- Make Extra Money From Home, Positive Cash Flow Home Business
- Good financial strategy will make it much easier for you to make extra money from home - short term and long term. Key points: low cost business start ups and positive cash flow management.
- Residual Income Opportunities, Home Based Business
- One of my strongest recommendations for anyone starting a home based business is to look for <b>residual income opportunities</b>. That is where the secret of long term financial freedom lies.
- Setting SMART Goals, Successful Home Based Business
- You are more likely to build a successful home based business if you set SMART goals for your short term and long term finances - and other aspects of your life and business.
- Work Life Balance Articles, Successful Home Based Business
- Work life balance is a really important issue for many people who start a full time or part time home based business. There are two aspects to this: why do it, and how to manage your time.
- Effective Time Management, Successful Home Based Business
- Effective time management is a vital skill for anyone running small businesses, and there are added challenges if you are trying to build a successful home based business.
- Recommended Small Business Books, Successful Home Based Business
- Which small business books do our visitor recommend?
- Successful Home Based Business, About This Site
- The purpose of this article is to give you some detail about why Successful Home Based Business.com exists - and also about its author and publisher Stuart Warner.
- Successful Home Based Business Contact Form
- What information would you like to see about building a successful home based business on this site? Do you have any questions about our articles? Please use this form to make a comment.
- Successful Home Based Business Site Map
- The Successful Home Based Business Site Map provides links to all articles on the web site.