Without doubt, most people can relate to the fact that, in the 21st-century money has become much tighter! Families and individuals are finding it much more difficult to make ends meet with ever-increasing demands upon their purse. The basic necessities of life including; food, housing, clothing, etc have all dramatically risen in price within these first two decades of the 21st-century. Many people are having to tighten their belts and are looking for alternative or additional ways to increase their income.
See this recent report from the Huffington Post about the increase of home businesses, their pros and cons;
Running Your Business From Home… Challenges and Solutions!
Huffington Post UK, on Fri, 17 Apr 2015 02:33:02 -0700
While it can certainly be tough at times to try to balance your home business with managing a young family – it’s also a hugely rewarding challenge! I run my own events business from the home I share with my husband, and three young children, aged …
What has become increasingly popular in order to address this issue is the development of the home businesses that more and more people are embracing. More and more people are starting to do this either part-time or even full-time as an ever-increasing array of opportunities present themselves both online and off-line.
An increasing proportion of the population are starting to develop home businesses as their major source of income. What for some people started off as a hobby or interest soon grew and developed into a full-time occupation and income. The Internet has been a primary catalyst in this evolution as it has made it much easier for people to develop businesses from the comfort of their own home whilst reaching out to a global population. More and more companies have specialized in assisting people in the development of home businesses which has made the task much easier than it ever was before.
here is an excellent publication to read that explains the process in more depth – Setting Up and Running a Successful Home Business Kelvin Worthington, published 2006, 64 pages
Good examples of new businesses formats are mail order businesses and multilevel marketing which have become very popular but other people have focused on such outlets as Amazon and eBay and become highly successful.
Here are some publications describing some niche home business ideas which provide excellent examples of what is possible when developing a new home business –
How to Start a Home-Based Children’s Birthday Party Business
Amy Jean Peters, published 2008, 192 pages
How to Start a Home-Based Jewelry Making Business: *Turn your passion into …
Maire Loughran, published 2009, 224 pages
The 200 Best Home Businesses: Easy To Start, Fun To Run, Highly Profitable
Katina Z. Jones, published 2005, 272 pages
How to Start a Home-Based Online Retail Business
As more businesses develop, then more services required to support these businesses, which in itself leads to more home businesses developing as a result. Such services as ghost writing or typing are excellent examples of this. People are always looking for specialists and this has meant that specialists can now offer their services online and the premium. Once again, distance or geographical location is not an issue and as a result, businesses can expand very rapidly.
This has also spurred the development in online networking for businesses or individuals to pool their resources and offer their combine services as a package online. Again, all of this can be performed and coordinated from the comfort of home.
here is an excellent recent article about how people are using social media in their home businesses –
How social media is helping boost home business
THV 11, on Thu, 23 Apr 2015 20:33:45 -0700
How social media is helping boost home business. “I was the one that was like I will never make any money with network marketing and I was blown away because it did happen,” Megan Hatcher explains. Loading… Post to Facebook. How social media is …
For anyone considering starting a home business, the first thing is to perform your research. Identify your interests and skills and look at the competition there is currently out there offering similar services to your potential customers. Once you have clearly defined your market, your then a much more powerful position to identify exactly where you are going to pitch yourself. Again, this is when networking is very powerful as it allows you to discuss your potential business ideas with other like-minded people.
Here is a brief presentation which offers some additional insights when researching for a home business idea;
How to Find the Perfect Home Business for YOU!
from JimEastman, undefined ago in News & Politics
Are you inquiring for a lucrative home based business?
The next logical step would be to create a business plan, as if you were presenting your business idea to a bank or an investor. This way you can clearly define exactly what your goals are and the manner in which you intend to achieve them and any obstacles that need to be addressed in order to achieve your goals. Your business plan should be as clear and as detailed as you can make it as it will prompt and encourage you to think about how you see your business developing and growing.
This guide shows you how to create a simple business plan for any type of business or enterprise;
The Business Plan for Home-Based Business – SCORE
T he Business Plan for Home-based Business. Management and. Planning. Series. Building … EVALUATING THE SITE FOR YOUR HOME-BASED BUSINESS.
You will soon discover that you are in a very powerful position to start offering your services to the world in less time than you thought. Once you put your toe in the water and give it a try you will soon receive valuable feedback and important data into how you should proceed next. You can soon find yourself developing your business very rapidly and receiving an income that you never thought possible!
In the following video you can see 50 ideas that can whet your appetite when considering which home business idea might be right for you –
Conduct your research diligently, set out your goals, set out your plan and start moving towards a greater degree of financial independence whilst having fun in the process.