Ideal Home Business Reviews
Complete Details on How to Identify the Ideal Home Business The "Ideal" home business model will have the following ten characteristics: 1
. Potential customers want the product so badly they will respond to any ad that offers it and it can easily be promoted and marketed in a variety of ways. (This means you don't have to buy expensive ads. Simple, low-cost and free advertising tactics, as well as word-of-mouth advertising will work perfectly... especially on the Internet!)2. Seek products to sell that have a high perceived value. A proven cancer cure might be made out of some kind of inexpensive herbs but, if it was patented the drug company could charge almost any amount.
3. It is easier to make money selling "high-ticket" items to wealthy people than it is to sell products like debt relief to people who have no money.
4. The product costs you only a fraction of the selling price and at times, it will cost you absolutely nothing! (You want a large enough profit so it only takes just a few sales to make serious money! Most people miss this point completely and rarely make/keep the profits!)
5. When you do business via the Internet shipping can become a big factor in sales. Your ideal product is lightweight and low cost to ship. Digital products are best. Also, consider the cost of storage and inventory. Pick products that you can store and ship at low cost. An example is expensive jewelry.
6. Avoid products that require a lot of support. However, you can set up a support database for certain products and then charge customers a support fee to offset those costs.
7. It has a successful and proven track record for both the small entrepreneur as well as the large corporation. (This way, it's guaranteed to work at any level of your business and the growth potential is limitless - as well as the money potential!)
8. Look for products with a successful track record. New and untested products can fail big time! New and innovative ideas are best left to those with deep pockets because they may have to create a new market from scratch.
9. Avoid confusing products that may require you to answer questions or don't work for everybody who tries them. The product you sell should be complete and stand-alone like a Plug-'n-Play type product.
10. Preferably, you should market your own propriietary product so that all your advertising establishes your "brand". Don't underestimate the value of building a brand name.
You Are Not Done Yet!
Long Term Success Requires Your Home Business To Have These Four Characteristics:
1. How fast is it delivered? Physical products must arrive within a week or sooner. Promise a week to ten days for delivery and Priority Mail it to get it there within a week or less. Instant downloadable products or instant access to a member's only website are best. Customers want instant gratification and downloadable products deliver 24/7 without effort or shipping costs.
2. Appearance counts! Spend the extra money for professional design and packaging. Go the extra route of having a nice envelope, letterhead, graphic design on your packaging and logo. Be sure all your design work is integrated with a unifying theme.
3. The ideal product will continue to pay you a residual income stream month after month. For example, a service that provides health insurance for pets or a subscription providing a GPS tracking and identification service (using an embedded chip) for pets and even for children would be ideal.
4. Finally, over deliver on content. Your product must "ROCK"! Your customer must see a nice layout, a thorough help or installation instructions for software and more content than the customer was led to expect in your advertising.
Do you think it is hard to find the Ideal Home business with all these characteristics? You can spend years looking but there are already some businesses that qualify in almost every regard.
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