Starting A Home Business

Intro to Business Model Thinking by @business_design Alex Osterwalder The dream that many people have is to be able to start their very own home business. It is something that people endeavor to do each and every year, by the thousands. Unfortunately, most people that start one are not able to actually make it work. They have high hopes, invest thousands of dollars, but in the end, for some reason, it doesn’t work out the way that it should. In most cases, people go into a business that they know nothing about. They are uncertain about how to run the business, how to market it, and inevitably end up failing and feeling miserable for their efforts. In this article, we will present a couple different business models that have actually been shown to work that you might want to try out.

One of the easiest ways to start a home business is to start one on the Internet. The Internet is relatively new, especially in comparison to all of the business models that have been presented over the last several decades. In most cases, people have to have a brick-and-mortar store and providWeb2.0 Business Model Characteristicse products for people that stop by. This usually involves quite a bit of investment on the part of the business owner in regard to stocking their shelves, paying for employees, insurance, workman’s comp, and all of the other related expenditures that are typically involved. But with Internet Marketing, you really don’t have that much to pay for. It usually involves getting a domain name, web hosting, and email service, and creating or marketing a product for people to buy. In most cases, products can be delivered instantly, alleviating even the need for shipping and taxes.

Another great business model is network marketing. This is because it involves building a business that is essentially made up of people purchasing the same products every month that you buy as well. Most of these products are staple products, things that you need to have each and every month. Since this is the case, there is no extra expenditures on your part other than marketing materials and traveling expenses usually involved with visiting others and getting them to join in the business. The larger your downline, the more money you will make. Best of all, your efforts are not limited to your own. Those that join under you will also want to build their business. And as they build their business, your business, and your monthly revenue, will slowly begin to increase.

By focusing upon these two business models, you can avoid all of the usual start up fees involved with a traditional business model. Without having to pay for the overhead for a regular business, you will have more capital to spend on building your online or network marketing business, which means more money in your pocket, and the potential of building a profitable business in a much easier fashion. Hopefully, one of these two ideas will motivate you to try to start your very own home business today.

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More topics: Business Model, Home Business, Business, Brick & Mortar, Business model, Products, Marketing, United States, Wall Street, J. C. Penney,

Image credits:
Intro to Business Model Thinking by @business_design Alex Osterwalder (Photo credit: Rachel Smith)
Web2.0 Business Model Characteristics (Photo credit: Alex Osterwalder)

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