Dreaming ‘big’ may not be a bad idea, however we need to be realistic about what we are capable of. We must admit that we may have limitations. It’s important not to set ourselves up to be disappointed if we are not being logical about our budget, skills, available time, etc.
It’s better if you have a plan that does not include using credit in any major way to start a business. Not just because you are paying interest on that money making it more expensive than it may appear to be; but because you have to pay the bill each month which continues to create a deficit in your operating budget. This can add up and we can quickly lose control. Even with the best intentions of paying the full balance each month it can become impossible.
Do the math. Consider your income, versus the expenses to live. If there is anything left, that would be what you have to work with for starting and maintaining your business. However, if your business is a priority, you will tend to come up with more ‘spare change’ if you are willing to make some sacrifices.
Ask yourself if that new suit or dress is more important than funding your business right now? If not, then maybe you should wait for the new clothes. Is seeing that movie the most important thing on earth? It almost undoubtedly isn’t. What exactly would happen if you didn’t see it right now?
Analyze what you would need to start a business online. There will need to be advertising and marketing expenses. Since you need to find customers if you are going to have a business, that is probably the first priority. These critical functions while absolutely 100% cheaper than offline, still may require some expense. In the future maybe you can learn to do things yourself and save the money.
There will more than likely be maintenance costs for any website, such as Internet connectivity, domain registration, hosting, and membership fees if you are an affiliate marketer or distributor. These are necessary costs and are not something you want to skimp on as it is important to have reliable tools.
There will not necessarily be a lot of other office expenses like printer supplies, paper, phones, postage, etc., as the Internet pretty much works without those costly functions. Of course you do need a reliable computer, modem and reliable Internet connection as the foundation for your Internet home business.
Some other good news is that everything you spend on your business is tax deductible when you file your taxes as ‘self-employed’ part-time, even if you also pay income taxes on a salary your job. You can still file your taxes for your home business and declare any income and/or deductions that are generated from home. You may pay less taxes with all the deductions you can now claim for using your home for business. Refer to the IRS website to be sure what is and is not deductible each year.
Especially if you want to see what having a home business is all about, affiliate marketing may be the easiest, fastest and least expensive way to start a business from home. A few points that demonstrate these facts are that the program will provide free a web page to use to advertise on day one of your membership. No real technical skills are required. Do you need to estimate how long it would take you to learn how to program a website, or how much it would cost to have it done for you?
While an ‘affiliate sales page’ is usually not a website where you can change and customize it, it is a link address that is ready to advertise from day one and really may earn you some commissions when you have done sufficient advertising. There is virtually no wasting time. Just having access to this major tool will give you a huge step up that allows you plenty of time to focus on earning commissions. (which is the point).
Even more critical is having a product to sell without spending years in development , testing and market research. A huge reason that affiliate programs rock, is that they have already spent the time and money to develop either tangible or digital products.
Part of your membership in the program gives you license to profit from their intellectual properties. You can earn a percent of the sale price without investing half your life. In addition you can also earn money for referring others to the business opportunity. You probably figured it would cost a lot more money to start a business and skills you do not have.
It is assumed you have a good computer and reliable Internet connectivity. This is the foundation of your “business in a box”. Beyond that necessary equipment, your expense as well as effort will be largely focused on advertising and marketing to promote your business. There are some expenses associated with this, however you will quickly see how much less expensive it is to do anything on the Internet. Just compare any action you may take offline to the same thing online.
The relationship of the affiliate program and the member is one of that is a perfect exchange all around. The member receives the right to earn money from the program and to use various resources available free to members to help them such as banners/images encoded with their affiliate ID, maybe even some Internet marketing tools such as an autoresponder and/or content to use in email marketing.
In return the member advertises the business. This means the program will spend less on the advertising so there is a fair exchange. All the affiliates will need to do if they want to earn commissions is use everything they have been provided with as aggressively as they are able.
You may consider a home business as a ‘hobby’ because you already work a full-time ‘day job’. However if you would really like to have a money-making business, or even dream of being self-employed full time someday, listen up.
While the environment working from home can be one that is more relaxed and comfortable than a regular job, we are still accountable to create a professional business atmosphere during the hours we are working. That may require scheduling time to work and sticking to it the same as you would with a job.
Creating a professional office space starts with clearly having a defined area that is only used for your office. If the only space you have available is only a desk in the corner of a room, that space should be used exclusively for business. The space should be organized and straightened up each day. It is best not to spend a lot of time shuffling through piles of papers which will create less productive time you have to accomplish your goals.
Your home office space should be healthy. This means for example, well-lit. People are more productive and positive with bright lighting. You need good, indirect light for your work area so as not to stress your eyes. Your eyes are under a strain especially if your home business is a second ‘job’. Be sure to look away from your computer to something as far away as you can at least once every hour or so.
This will help to decrease the strain on your eyes and corresponding muscles. Be sure to have your eyes checked often (yearly). Seriously, there are some diseases of the eye that are manageable but only if you catch them in time.
Another thing that can cause you to be distracted and less focused, is not having the correct chair. You should not be straining any part of your body. Your chair arms should line up straight from your keyboard and mouse. This is the best way to alleviate a lot of the pressure on your wrists.
If you don’t have a footstool, you can use a phone book because lifting your feet slightly relieves strain on your lower back, which can be caused from sitting for hours without a break. Along this line be sure to get up and move around every hour or so to keep your circulation moving. If you have a couple of simple stretching exercises, do them – or just walk around your house.