3 Pillars Of A Solid Home Based Business

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Posted on: 9th Oct 2013

In this uncertain period of the economy, trying to maintain a decent standard of living on one's paycheck can be rather stressful especially if there are children involved. If you have liabilities that goes to your Daycare expenses, medical expenses, a family car or a housing, the burden for both dad and mum can be rather exorbitant. This is where Home Based Business works to its advantage.

Most online and offline Home Based Businesses are extremely profitable and easy to startup but without the proper usage of knowledge or tools, you can be wasting an incredible amount of your precious and valuable time and money in the long term. It defeats the purpose of wanting to start out and making money to achieve time freedom for your future.

This article hope to provide anyone, including you and me, a practical guideline to getting started with your home based business the proper way that will save you time and money. There are basically 3 Main Pillars or Principles towards a solid home based business,

3 Pillars of A Solid Homebased Business

Pillar #1: There must be a MINIMAL start up cost.

If you are not willing to invest even some money into any home based business opportunity then your positioning have been wrong from the start. Be with a JOB then! However if you really want to start up a decent home based business, know that having a high start up cost means a longer time for you to see your returns or profit. You will also want to try cutting down unnecessary time waster as well as operating expenses.

Pillar #2: It MUST be easy to set up and maintain.

The Company that you are representing must be stable, solid and established. Usually this kind of company have the right system platform and training for you to leverage on. Starting a business with them will allow you to have a backend office that is fully operational for your sales and marketing activities.

If you are starting everything from scratch, just piecing those components together can make you give up out of frustration even before you see a profit.

A business that is easy to set up and maintain will give you confidence and a sense of accomplishment as you complete each step in the process easily.

Pillar #3: It must have a QUICK ROI (Return On Investment)

Many people spend lots of time trying to perfect their home based business but if there is no real profit generated, they become discouraged and give up as fast as they came into the business. 90% of these people treated their investment or involvement as a hobby instead of a business.

What is important is to identify how fast you want to recoup your investment? Will it take days or months? It all depends on the kind of products or services you are providing. When done right, you can see your ROI relatively faster than those who did not plan for it. For example, if your total investment was $500 and the product you are selling is $47 then you will know that you need to make 11 sales to break even, anything above that amount of sales onward (today, tomorrow or next week) is pure profit.

What is sad is that after awhile (even though they had their ROI) they became disillusion when they could not make good income out of it and start looking for the next shiny object. Little realizing that they are starting the process ALL OVER again and lamenting why they cannot achieve success like others! (What a time waster)

The most important factor is your Mindset. You must know your WHY before you will take all the necessary ACTIONS that will make you get the RESULTS (GOALS) you want!

Keep in mind that the 3 Pillars of a Solid Home Based Business will keep you safer for the long term haul. Ultimately, to continue with your investment or persist or quit is still a choice that you have to make day in and day out when you have not seen the money come in yet!

Whether you are a newcomer, novice or a beginner's to the
online and offline business

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Article written by William Siong
Visit Make Money Smartly blog

# Care to comment on the above? Thanks in advance!

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3 Pillars Of A Solid Home Based Business

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