Thursday, December 13, 2007

Starting A Home Business From Scratch

Building a home business from scratch can be a daunting task, especially for a person with no previous business experience. Not having any business experience should not stop you from pursing a home business from scratch. There are going to be many things you will need to setup for your home business. Remember you can always join a home business opportunity and let them take care of all the headache work for you. The choice is yours. Once you have your home business up and running the rewards will be well worth it.

Well first you need something to offer. You need a service, product, or item. For example I know many stay at home moms who set up home day care businesses. Needless to say these home day care businesses are very profitable. So first find your niche, and then build around it. Your home business can be based around anything you like. Get creative and use your imagination. I read a story about a girl in high school who built a home business designing myspace templates for her friends in her spare time. The small home business she started is now a multi-million dollar company. Many major corporations were built in someone's basement, garage, or bedroom. Like Dell and Amazon. As long as their is a market for it, you can sell it.

Next you will need to setup your merchant accounts because you will need to accept payments. Be sure to deal with reputable companies because online fraud is huge. You want your customers and your home business to be protected and if your website gets hacked, it could really ruin your home business. It also helps if you are able to accept all types of credit cards. Only accepting certain credit or debit cards will lose you business. Another account to setup is a Paypal business account. Many customers shopping online will feel much more secure paying through Paypal instead of having to type in their card numbers on your website.

There are other things you will need to setup with your home business like customer service support, your refund policy, packaging and shipping, and getting the required licenses,if needed. But we will focus on something a little more important. Why? Because you could have the perfect home business setup, with the perfect website but if you do not have a consistent flow of customers it will all be for nothing.

So the question becomes how are you going to market your home business? Are you going to market your home business online? What is your monthly marketing budget? Marketing your home business is huge, you cannot afford to not market your home business. If you have the money I would even suggest hiring a professional marketing company to market your home business for you.

These are just a few of things you will need when starting a home business. The key thing is to remember, marketing is vital for your home business. All the other stuff is needed but marketing gives your home business life.
To learn about building a niche business visit Craigslist

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