Sunday, November 29, 2009

3 deadly question before start your homebased business

Are you one of many people who have been in paid employment most of their lives and now yearn to start your own business? Nowadays, working from home has a great appeal. But do not underestimate the thorough preparation and research you will need to do beforehand to ensure success.

Ask yourself these three questions before you start your home-based business:

Q1. How much will it cost to set up the business you have in mind?

For example, if you are considering an online business you need need to purchase a few features for your business such as, a hosting account. You will also need a domain name, so your ideal clients can find you. Do not forget the e-commerce shopping cart which you will need to process online transactions.

Q2. What are you going to sell?

This can be the hardest part of the equation as you need to be sure there is a hungry market out there for what you have to offer. After all, there would be no point in offering products or services if no-one was interested in buying them, right?

You will need a thorough understanding of your target marketing and demographics.

For example:

* what age group are you selling to?
* are your products and/or services geared to men or women, or both?
* will your market be local, national or international?

A good way to get a feel for what people are buying is to go to the auction site eBay, or Amazon and search under their 'best sellers' lists in your particular niche area.

Q3. Do you have sufficient knowledge of technology to run an online business?

* are your technical skills up-to-date, if not, who can you improve them?
* can you find a professional web designer if you lack technical skills?
* do you understand the process of selling remotely online?

Before starting your online business you need to do your research and demonstrate due diligence on how you will fund your business in the early start-up stage. More importantly, who are your ideal customers, where will you find them and why should they buy from you?

And now I invite you to visit my blog to discover more tips and techniques to start a home-based business at

Article Source:

1 comment:

  1. e commerce solution is the best way to sell products online. And its one of the best and low cost mediums to reach out to new markets.

    ECommerce Shopping cart