Thursday, April 8, 2010

Finding a Home Based Biz Inside




The media, family and friends are all telling you that times are hard. OK, so you know this but what can you do right now to start earning some extra cash. The internet is loaded with promises about earning thousands of dollars by clicking. Are you a clicker?

What about multi-level marketing? Do you want to sell jewelry or cookware? That's great but what about if you are an introvert? That may not be the most profitable avenue for you.

In the past starting a home based biz was for the "dreamers" amongst us. But today, for many facing more than 6 months of unemployment and waiting for the call back, starting a home based biz is mandatory. But how do you find the Golden Ticket?

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How do you when you've found the right balance between what you love to do and what makes money. The answer - Grow a biz from the inside. Grow a Biz from your interests. How do you do this? Here are simple steps to help you focus on the business that's correct for you.

What do you have? For everyone, talents and gifts are divided into one of three broad categories. You are either talented in one of these three areas: Speaking, Writing and Thinking. Which of these gifts will you employ to grow your business? Maybe you're talented in two. Great!

What are your interests? What do you enjoy doing? What do you feel passionate about? What injustice just boils your blood? Really dig deeper and list as many as you can find. Don't allow your beliefs about what constitutes a business to limit you in this process. Just keep writing.

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Review your interests and your gifts. Link your talents to your interests. For example you enjoy travelling and children. Your talent is writing. Could you start off by writing travel reviews and focus on travelling with children. You could become the go-to person for kid-approved vacations. Just a thought.

Perform a Google search to see if there is anything in the world that resembles what you would like to do. Explore and keep a file of what ideas stand out. Research the initial start up costs for your new business. The absolute bare bones start up costs. Every great business that started at home began on a modest budget.

Often we dream BIG vision and are unable to reduce it to its smaller parts. Reducing it into its smallest parts allows you to immediately see the next step. If you can see the next step, you'll probably stake the step.

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Don't dismiss your ideas. Brian Tracy suggests that we all have been given at least 2million dollar ideas in our life time but dismiss them as impractical or unrealistic. Your idea could be your million dollar idea.

Not sure which direction to go in? Unable to merge your talents and interests into a profitable venture? You may benefit from a more elaborate step by step system.
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