Many people ask me what is the ‘recipe’ for success in home based business, what’s the secret ingredient? What’s the formula for a lucrative, profitable home based business??Well I’m sorry to tell you that there isn’t an exact formula to success. But there is defiantly a recipe you should try to follow which will give you a much greater chance to experience success.It is important that you give importance to all three things that I am about to list because just like you wouldn’t leave out flour in a cake just as much as you wouldn’t leave out salt every ingredient is just as important as the other to bake a successful cake or a home based business!System (flour) The systems they have in place is just as important as flour is to a cake, as the whole foundation of your business is built on the systems they have in place! You need to insure that they have a automated turnkey marketing and sales process and have up to date effective and professional marketing training in PPC (Pay Per Click) and SEO (Search Engine Optimization) methods. By have just these two systems in place you will be able to leverage your home based business and experience results that you once only dreamed of!Surround yourself with like minded people (Yeast) The home based business you join should have many people of like mind that are going to bring you closer to your goals and very few to none that are going to try drag you away from them. This is as vital as yeast to your cake as by surrounding yourself with people that are going to take you closer to your goals you will find it much easier to raise your home based business to the level you want!Head on straight (oven) This may have come last but it is defiantly head of the list because even if you have to other two ingredients to your success recipe perfect if your head is not on straight then it will ultimately fail! That is why being immersed in personal development and concentrating on being solution oriented is VITAL to your success. Because like to the oven, it will either perfectly cook your cake or burn it to charcoal! Just like your mindset will do to your home based business!Now I want you to stop! Stop chasing all the dead end home based business opportunities out there!
A Simple Product Creation and Product Launching Formula
If you tried to think of people involved in product creation, who would come to mind? You may think of Edison, Franklin, or maybe Henry Ford. Would you ever think of yourself as someone who can create a quality product? Product creation is actually relatively easy and product launching is not that tough either! If you follow a few easy to understand steps, you could be starting the product creation and product launching process sooner than you think.
The first step in creating your information product is to know and understand your market. This can be very time-consuming, especially if you are unsure of what to do or where to look to know your market. Studying your niche market and understanding the buzz words and buying patterns can ease the process dramatically. Personally, I would recommend networking with someone who has had success in the niche market you are considering and learn from their results. If they are into product creation and not very business savvy expect some hesitation. If they only sell products and have nothing to do with product launching or product creation you may your first affiliate (sales person)! Something else you can use to find hot trends is with the Google Trends tool.
The second step is the product creation process. Take your niche market and brainstorm ideas and topics relating to it. There are a lot of product launching contests going on recently relating to a newly created internet marketing tool. There are so many aspects to the mentioned niche that literally, and unfortunately, anything can be considered an Internet Marketing tool. The reason that anyone can basically create an Internet Marketing tool is because of something called Private Label Rights products.
What I use private label rights products for, and highly recommend them in this specific manner, is to cure writer’s block especially when it is lingering. Many people base their entire product creation and product launching on a private label rights product. This is where you can start to shine and build a strong brand for yourself. If you set goals for yourself, short-term goals to be exact, you can see your product creation come into being much faster and there is a good chance with less revision needed. If you keep hitting time restraint road blocks; however there is nothing wrong with a slow and steady approach, you can consider outsourcing portions of your project. Outsourcing can be an extremely huge benefit or just as great of a disaster.
You can find someone to outsource work to at a freelance site such as Guru.com or eLance.com. When reviewing proposals it is almost mandatory you perform a background check on them as you are in essence hiring them. Doing a background check on freelancers is as easy as asking for samples of their work and reviewing feedback on the freelance site from previous customers. Depending on the size and requirements of your project this can add up to a decent sized investment, so caution is very important. One tip I always recommend to people looking to hire an individual is to ask them what they can provide you that no one else can. This simple question gives them a chance to “toot their own horn” and acknowledge where they feel most competent as far as their skill set.
The final portion of the product creation and product launching formula is the launch. This can literally make or break the effort, time, and maybe (if you invested) money you put in to your project. There are numerous aspects to product launching and although their relevance is debated in terms to their effect, experts agree all must be followed. The person in your field who you asked for product advice from can help you substantially if you have kept in touch. If not, the first thing you need to do is to create a visually appealing website with flawless design work.
I also mentioned outsourcing before, this is one aspect of product launching I have little strength in and I always outsource this portion. The website does not have to be large however the content (ad copy in Internet Marketing) must be stellar and as perfect as possible. This is where advertising knowledge or experience is beneficial. When the site is set up you now put a lead capture form on your website.
I put two lead capture pages on all products I create on the internet and is one of the best methods of getting a solid start when you are in the product launching stage. When you gain information from a prospect or someone looking to get paid for referring sales you are able to provide them updates or specials. Many people abuse their prospect or affiliate lists by in turn emailing them with a new product daily and I find the recommendations to be totally unrelated to their original need, problem, or interest.
Another stage in the product launching stage is creating a free report or demo version of your product to entice the product to sign up to your email list. Using proper follow up with this can help generate numerous sales for you. One thing you need to ensure is that your free product completely relates to your main product that you are looking to sell.
You are now ready to advertise your product launching to customers as well as the opportunity to sell for affiliates. This is the single aspect that many product creations and launches fail on. It is actually not entirely difficult. One thing you can do is write articles (and a good amount of them) on topics relating to your product. I am a huge advocate of giving a solution in forums. When you join a forum you are normally offered the opportunity to create a signature. In your signature, you should enter the link to your opt-in or lead capture page. When you respond to posts, you are advertising your opportunity.
It is not impossible to create a product and it does not have to take a long time. You need to setup a plan and stick to it. If you get stuck, look at similar and successful products to your own and try and see how they did it. When you sit down and brainstorm you will be surprised with what you can imagine.
Are There Any Legit Home Based Business Opportunities Out There?
So your in the market for a home based business and of course want a legit business. There are thousands of home based businesses for you to choose from but you have to be careful of scams and non existent products or services. Before you join a home business opportunity you need to do your research about the company and make sure it’s a legit company and has good reviews. There are a lot of legit and great home based businesses out there. It just comes down to what kind of business you want. Do you want to help people improve their health through exceptional products, do you want to sell services like electricity, internet, or technology products?Find something you would be passionate about and would be willing to stake your reputation on.When you have narrowed down a company that you like and think is a good fit then this is the time for your research. If it’s a public traded company on the Stock Exchange this is a good indication that they are a reputable company, but don’t get me wrong there are great private companies too. You want to take a look at how long they have been in business, what credible third parties are saying about the company. Don’t confuse 3rd party with an individual, because just because some people say bad things about the company you cannot base your decision on what they say. Find third party companies not affiliated with the company and see what they think about the company. Reputable companies love to display their accolades from 3rd party sources because they know a great reputation is essential to giving a great appearance.There are some really great home based business opportunities with outstanding companies and they have recommendations all over! Another great place to look is the Better Business Bureau. The BBB has listings of thousands of companies and you can look up their ratings. If you can’t find the company I would stay away. It also comes down to common sense, what do their websites look like? Call their customer service department to see if the company actually exists. There are also websites online that list home based business opportunities for example Npros.com.To answer the title of this article. Yes there are thousands of legit home based business opportunities so find one you enjoy!