Tuesday, June 21, 2011

3 Of The Most Successful Work at Home Businesses for a Beginner

Most successful work at home business for a beginner have some common characteristics and I’ll share what those are in this short article that highlights 3 of the most successful work at home businesses to start. Finding an easy business to start from home can be difficult, mainly because thousands of Internet marketers saw you coming long ago and they are ready for you. Much work and creativity has gone into making different work at home businesses “stand apart” when in reality there are only a few successful at home business models in the first place.

I would also ad that the terms have become inter-changable and most work at home businesses are really Internet businesses. Years ago you could do mass mailings for companies or assemble products at home, but these have largely fallen by the way side, they were more Jobs than businesses anyway.

Regardless of what you read there are only a few ways to make money from home, or from anywhere else for that matter and they are:

  1. Create a product or service that people want to buy and sell it to them.
  2. Find a product or service someone else created that people want to buy and sell it to them.
  3. Sell advertising space to someone who is selling a product or service whether it be their own or someone elses.

Most Successful Work at Home Businesses For a Beginner

3 of the most successful work at home businesses for a beginners use a combination of all three and I’ll talk more about a successful home business model throughout this post. Keep in mind the “Product” takes on some unique forms when it comes to the age of the Internet and sometimes the product is even a business. Business opportunities are a HUGE sector of the work at home business industry and there are litterly thousands fo different business opportunities out there. When the “Product” is someone elses and you promote or sell it’s called affiliate marketing and it is easily one of the top three work at home businesses that are a perfect match for beginners. In my personal experience and in my reasearch I’ve found that the third of the top three most successful businesses for work at home entrepreneurs is also the glue that holds it all together and it is actually blogging. I’ll give a brief run down of the three and share some of the critical points and biggest challenges of all three.

Business Opportunities

Some of the most successful small business ideas online, the ones that earn some of the those rediculous incomes, are actually business opportunities. If you start a work at home business opportunity you will likely play the role of a direct sales person. You’ll be paid directly for selling the products or services of the business opportunity and also make money through recruiting others to your business. Many business opportunities use a network marketing business model, but not all. Some of the benifits of business opportunities are:

  1. Low start up costs compared to a traditional business or franchise.
  2. Flexible schedule and can be part time.
  3. High earning potential in a reletively short amount of time.

Remember not everyone will make money with a business opportunity. Sales skills or a solid system that helps with the selling and explaining are a plus when it comes to business opportunities. Business opportunities can cost anywhere from $100 to $20,000 dollars to start and will usually require some sort of a marketing budget. Depending on the opportunity, recruiting can play a huge roll in your income. We recommend you do your due dilligence when evaluating a business opportunity, when you find one that is right for you make sure you have a mentor and go to work!

Affiliate Marketing

Promoting someone elses products or services and getting paid a commision is the name of the game when it comes to affiliate marketing. Often times promoting the product can be as simple as sending a visitor to a website, your not actually selling anything most of the time. I’ve found several good resourses on how to make money with affiiliate marketingand make decent money every month myself with affiliate marketing. One critical component of affiliate marketing is developing an audience that is targeted to the niche of the affiliate products you want to promote. Pick a niche that you have a genuine interest in, maybe one you are already familiar with. There are some great affiliate marketing opportunities out there from some of the biggest companies in the world, including Amazon, eBay, etc. Some of the benifits of affiliate marketing include:

  1. Very low start up- Less than $100
  2. Very passive income over time.
  3. Easy to duplicate and grow you income without “spending” time.
  4. Very low risk as there is little to no investment.
  5. There is a HUGE earning potential with affiliate marketing
  6. 

Make Money Blogging

Number 3 on my list of the most successful work at home businesses for beginners is blogging. I don’t how you feel about this business idea, but blogging has created thousands of successful home businessentrepreneurs and it’s a perfect match for the right person. I mentioned this was the glue that held together the whole group and I said that because one of the most successful home business models actually uses all three. If your serious about starting a business you can do from home I recommend starting with a blog. Starting a blog is way easier to day and if your completely new you can get training for almost zero cost. I wrote a post about making money with a blog on another site you could read. I make great money blogging and hands down it’s my top pick if you want to start a successful work at home business.

Small business ideas online are much less expensive to start up and this makes the much less risky for the first time business owner. I’ve spent very little money in the last few years to learn how to make some money online. I’ve slowly developed a full time income working on the Internet and can say it is very rewarding. One of my favorite parts about earning money with this type of home based business is that when I walk away to do other things, I don’t loose anything and I keep making money. How many other new small business ideas can you say that about?

If your looking for more ideas I recommend another article on the site about step my step ways to make money online that I wrote a few months back.

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