- Earlier this year I talked about creating a small business website. Those posts are helpful provided you already have a business. But given the economy, there are a considerable number of new people who may be looking for business ideas they can run from home.
Running a business from home has its blessings, but it also has some negatives. As part of this series you will want to read Monday’s post: “Beating Work at Home Disruptions”. Not everyone is good at the solitary life working at home can mean, so before you decide, it’s good to know as much as you can about what to expect.
Before you decide what business you want to run from home, you should take an assessment of your skills, personality traits and think about the things you like to do. One of the toughest challenges you can face as a home entrepreneur may be staying motivated when sales are slow and the money isn’t flowing as fast as you would like. You need to enjoy your business enough to continue even when it’s not profitable yet. It also helps to have a plan – a type of road map to follow – so you don’t get off-track. We’ll talk more about this later.
To help you consider ideas, we’ll talk about “The Best Work At Home Jobs for Parents” on Tuesday. If you have young toddlers running around or only a few hours to devote to your home enterprise, you’ll want to carefully consider businesses that can help you capitalize on the time you have available.
If you have never run a business before, you should know it’s a lot harder than earning a paycheck. For that reason, you may want to consider fairly simple businesses to start while you learn the ropes. To help you, we’ll suggest several “Easy Home Businesses to Start” on Wednesday.
There are about five specific business models that are ideally suited as Internet businesses you can run from home in your spare time. You may want to grab a copy of Yanik Silver’s Moonlighting on the Internet, where he described those five business models:
- Information Marketing – creating digitally delivered information products.
- Selling products on eBay
- Affiliate Marketing – promoting other people’s products online for a commission.
- Setting up shop online via Yahoo Stores or an e-Commerce Store.
We’ll tell you more about information marketing and affiliate marketing in future posts. On Thursday, we’ll share “Three Ways for Stay-at-Home Moms to Make Money on eBay“.
And we’ll conclude this series with “Ways to Monetize Your Blog” on Friday. So bookmark this blog, join our email list or sign up for our blog feed.
Don’t forget to leave a comment to let us know how this series helped you narrow down your ideas. We’d also like to hear what other topics you would like to read about on this blog. Thanks for visiting.