How to Promote Your Home Based Businesses Without Spending a Penny

The Internet has brought a revolution in the world of home based businesses providing various ways to make extra money from home. The best thing about a home business is that you can work as many hours as you want and whenever you want to. There is no additional commuting time spent and all the money that you make, goes straight into your pocket and not to a company that would take its chunk out first! Luckily, there are various ways that you can use to promote your home based business without having to pay a penny! Below are the Top 3 ways:One of the best ways to promote your home based business is to convince the other business owners to refer new clients to you. While this may sound difficult, it is often more easily achieved than you may think. Typically, there are many business owners who would like to work on joint venture basis. You should try to connect with several such business owners, by visiting social media sites like Twitter, Face book and even some of the forums regularly. After developing a healthy relationship with some of the goal oriented people, you can ask them, if they would like to promote your services to their clients, by telling them that you would also refer them to your clients who might be interested in taking benefit of their services. This method of promotion is not instant, but can give you great reward, if you work on with the right business owners.  A second way to promote your business, will depend on how you want to run your business. You might want to start off your home based business by having clients who are your friends, family members and neighbors. It is important that you treat them politely and give them prompt service, when you are working with them. These three characteristics will help you convince them to spread the news about your business to their friends and family. This entire process is called word of mouth marketing. The best part about it is that it costs nothing to you!  A third way to promote your business is through solicitation. While this may seem like a rather hard way to promote your business, finding the right people and providing a valuable service every time, will bring you new clients. When you are making new contacts, you need to make sure you are polite, prompt and professional. So that you will be in position to convince them that the service provided through your home based business will assist them to have best success online, which may turn them into your lifetime prospects.  Whether you choose to have other business owners refer you new clients or try to get clients through any other way, see that you run your business in a positive manner. The customer is always right, no matter what they want to do. Being polite, prompt, and professional will make a positive impression on their mind. This impression may just give you additional clients with no work other than being a good business owner required. There are plenty of ways to market your business that do not require money, you just need to find them!

Effective Marketing Strategies in Product Creation

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.

Home Based Business Check List

When you are considering starting a home based business, it’s important to consider all that is involved in doing so. It can be a very complicated task indeed. The following checklist gives you twelve important things to do prior to beginning your adventure into a home based business.

First, create a home based business plan. Even if you don’t plan on having any partners, it’s important to plan out each step that you are going to take and the accomplishments you plan to make. A document will give you something to refer to when you lose track as well. Second, establish your home based business entity by deciding whether you will be a sole proprietorship, partnership or a corporation. Be sure that step number three involves getting a business license, reseller certificate or whatever documentation is necessary to make your business legal in your state.

Make sure to check with the zoning commission where you will be operating. You don’t want to risk having your home based business shut down because you’re operating illegally from your own home. Make you that you have insurance. If you need liability insurance, make sure you have it in place before you open your business to customers. Whatever type of insurance is required, make sure that you have it and have proof of it to show.

Make your office an organized place. It’s thought that a well organized office leads to a successful home based business. Therefore you want to be sure that yours is very organized. Also, since you’re setting up the office in your home, make sure it’s in a location where you can concentrate on just running your business.

Buy the equipment that you will need. Make sure it’s ready to go well ahead of time. It would be a great embarrassment to you and your home based business if your customer wants to fax you an order and you don’t have a fax machine or it is not working currently.

If you plan to set up a website, you’ll want to have that finished prior to opening your doors as well. When you’re ready to go live at your home based business site, you’ll want to go live online as well. Create a schedule for yourself. Although you probably will not want to work 9 to 5, you will want to have a somewhat normal schedule so that your customers are able to reach you.

Make sure you have your inventory organized as well. You want to be able to quickly get orders out to your customers and organizing your inventory will ensure this. If you or someone working with you smokes, make sure it’s not done around your inventory. Also make sure shipping supplies are on hand and easily located. Since a quick turnaround time for orders is something customers expect, having to search of shipping supplies will delay this and cost you future business.

The final step is to open your doors. You’ve done as much as you can in prep work, now it’s time to get out there and see what happens.