TIP 1. Be mindful always that building a successful home business takes time, regardless of whatever strategies you choose to adopt. Do not expect instant gratification. You must firmly resolve to work hard at the business at hand at all times until you get good results.
TIP 2. You must always think through and be very clear about your business objective making sure what your business does is easily describable in very few, short and catchy sentences.
TIP 3. You must always prepare for work at home in the same manner you would if you were leaving the house. That requires some discipline. Even though it can be extremely fulfilling to have a home business of your own, your self-esteem tends to suffer for it if you habitually place work before your own needs particularly family needs.
TIP 4. You must settle for a business niche you are interested in and are passionate about. If you go into business for something you don’t really like and you are not sufficiently inspired about, chances are, you’ll be less likely to put forward the right amount of time, resources and energy needed to do well in the business.
TIP 5. You must always differentiate your personal time from work time by having regular working hours and be sure to stick to them. You must make a conscious decision about what point each day you are going to stop taking business calls and at what point you must face squarely your home business. That requires some discipline as well.
TIP 6. The flexibility of private lessons is attractive to many business people who do not really want to be tied to the schedule of a regular school. So, it can be profitable for your own business if you make it a habit to teach other people to do something you excel at doing yourself.
TIP 7. Business Affiliates can be of immense help when starting a home business. So, if you let other home businesses know about your affiliate links, you benefit when they share theirs with you in return.
TIP 8. The average human being likes rewards for efforts. You can thus offer incentives to customers who refer others to you. Such good offers quickly spread around thereby enhancing your word of mouth advertising.
TIP 9. Very important! Before attempting to sell something to anyone, be sure you have a basic understanding of the going price range for the product. You must therefore have a very keen eye on your competition’s prices then price your products within the same range or more competitively if possible.
TIP 10. Be sure to always have some business cards handy anywhere you go. You never know who you may run into that you may wish to quickly introduce your business to.
TIP 11. Settle only for a business that you know can be really profitable. Diligently researching and reviewing market conditions to determine potential saturation of any product can help this decision.
TIP 12. Always be sure to know how much your competitors are charging for the same product/service you are providing. You can then fix your own rates along same lines while remaining competitive in comparison.
TIP 13. No doubt you are aware that sitting at home, behind your computer, working on your business for long hours may not be very good for your health. You need regular short breaks for tea/coffee and some exercises to safeguard your health.
TIP 14. You need real determination in order to build/run a profitable home business. The zeal and staying power matter a great deal here.
