Four Tips to Funding a Business Start-Up on a Shoestring

Are you unsure about whether or not to start your business because of lack of start-up funds? Many small and home business owners face this very issue in the beginning. Do not get discouraged — there are lots of ways you can fund your start-up business on a shoestring.

The first thing to remember is that there are endless numbers of success stories of shoestring businesses making it big.

One of my clients, back when I was running a web hosting business, started a baby sling company from her kitchen table. She simply purchased fabric and thread and used a sewing machine she already had to create a sling that was comfortable for her, and her baby. She really did not even plan to start a business.

But after getting rave reviews from friends and strangers at the grocery store, she started selling her slings online.

Today, she is a well-known sling maker whose products have been in big box stores and who sells thousands of dollars a day from her website.

Be encouraged and know that you can build a successful business from scratch, but you have to be focused and never willing to quit.

The second suggestion that many who have been in your shoes suggest, is not to quit your job until your business begins showing a profit. All too often, new business owners are enamored with the idea of owning and running a business and quit their day jobs, only to discover that funds run short fast. Then they are forced to take extreme measures, or look for another job.

Next, you have to truly know your business inside and out. How much money will it cost to run your business? You should complete a business plan, which will tell you if your business idea will be a feasible one or not. Research similar businesses and find out what kinds of profits and losses they are seeing.

Finally, if you find that you still need some financial backing but you do not want to borrow money from a financial institution, find a few investors. Present your business idea, along with your prepared business plan and research to trusted friends and colleagues and request their financial backing for your start-up business. Many times you will be able to obtain this kind of monetary help from those who believe in your business and want to see you succeed.

7 Ways to Select the Right Home Businesses For You From the Ones That Are Top Rated on the Internet

Becoming the top home businesses owner is not that difficult, once you know the ways to select the right businesses for you. But attaining high levels is not something that happens overnight. In fact, it takes hard work and patience to make it to the top of the ladder. The first important step required to achieve this stage is to find the right opportunity that will help you to meet your own lifestyles and career goals.

There are many businesses online that either die or are very bad at helping the customers. You need to know your businesses inside and out before joining the same. Now let us see how you can select the top home based businesses using the seven best ways..

1. Check the past history of the home businesses that you want to join to see their period of existence, as successful businesses having solid clients base, survive on the internet for a long time.

2. The best way, is to select an affiliate program opportunity in the beginning, as it can be launched with a small investment. The major benefit is that you don’t have to handle any of the delivery matters, customer enquiries or the administration tasks that go with the selling of company’s product.

3. Most of the home businesses have competitors in the same industry. Find out a unique business that can satisfy the needs and interest of the customers.

4. See how much work it requires. Businesses that only take one or two hours a week are not going to make you nearly as much money as businesses that make you work seven or more hours a week. The more work you put into your business, the more money you will likely to get out of it.

5. Make sure that the program is using an auto responder software, as it helps to follow-up with your subscribers on autopilot, build trust with them and ultimately tell them to join you by explaining the real business benefits.

6. Find out whether you will get commissions in the form of residual income, as it will allow you to continue earning profit, when your past recruited customers will continue purchasing the products with their monthly subscriptions.

7. Find out whether the required support is available and if it puts the customer first on its list, because the businesses that fail at identifying the customer needs end up having problems and may also end up shutting down much earlier.

Now that you know seven different ways to identify best businesses, hopefully you can start your own business successfully on the internet. No doubt, there is some work involved but once you get the hang of it and learn the required skills by sticking to it, your business will turn up to be an easy one. But after identifying the top home based businesses that are the best, don’t forget to select the ones that you will enjoy doing and be good at.

Ask Yourself These 10 Questions Before Starting Your Online Business

Are you seriously considering starting your very own online business? If you are you should know that there is a difference between making money from the internet and running a successful online business. The difference is, when just making money online you are basically getting paid for every action that you do online, meaning that once you stop doing whatever it is that you are doing to make money  the money will stop.

When you are running an online business that means that your business should be a 24 -7 money making machine that should be making you money while your sleeping. Sounds great doesn’t it?

The thing is, many people that are looking to start an online business jump into it with little or no thought which usually leads to their failure. I think it is important to answer these 10 questions before  pursuing your internet based business.

1. Do you have a clear cut vision for your business? This is important because if you do not know  exactly what you want your business to be and where you want it to go, it can be difficult to start it.

2. What are your business strengths? Take some time to identify what you do best in regards to running an online business. This will make it easier to realize where you may need help with or training. Be honest with yourself.

3. Do you have your business goals in order? You need to have long term and short term goals for your business. Not having any will make it difficult for you to succeed with your business.

4. Do you have a good business plan? If you don’t have a solid plan you need to get one. You should know everything that you need to do get your business up and running.

5. Do you have all of the tools and resources that you need ? You need to make sure that you have everything that you will need to start an operate your internet business. This may include  computer software, web designers, content, proper internet provides, web hosting and more.

6. Do you have a good product? You need to make sure that you are confident in whatever it is that you are selling. If you do not believe in your product no one else will.

7. Do you know who you are going to be selling to? Understanding your target market is huge because this will help you figure out how you should promote to them.

8. Are you full of information? You need to know your internet business inside and out. This includes knowing how your business is run as well as everything about  what you are selling.

9. Do you need a business coach? It may be well worth it to get a business coach. If you are having trouble in certain areas of your business plan you may need to consider a business coach.

10. Do you have the drive? Starting an online business can be tough and you should know that it will take some learning and work to achieve your online goals. The good news is that if you stick with it, you may very well be able to live your dream life due to the success of your  online business.

Local Business Marketing Online

It may seem strange at first to hear that I recommend local Businesses include article marketing as part of their business marketing strategy.

After all an article written by a Minneapolis Pest Control expert may not be relevant to readers in Brisbane, Australia, or London and yet the article will be distributed worldwide once it is posted on an internet article directory.

It’s not likely even that a home owner fighting bed bugs in Madison, Wisconsin will call on this Minneapolis business. Why then bother?

Well, there are a couple minor reasons and one major. Let’s deal with the minor ones first.

The very act of writing an article tends to focus the mind. You know your business inside and out, but can you effectively communicate it to others? Writing an article can help you identify your unique selling proposition and put it into words. Now many business people can do that in a flash, while others will struggle with it at first.

Learning how to communicate in an article will help you in all other presentations and it has the great advantage of allowing you to rip up your false starts until you get a solid statement composed.

The second minor reason is that in addition to impressing your spouse or even yourself, you are now an author. And that in and of itself carries with it a perception of authority and expertise. Now of course you are an expert in your field, but your status as an author helps reinforce that image with others. And that’s a good thing.

But the real reason to write articles is the power article marketing has in raising your web page higher in the search engines. It’s not the article per se that matters, it’s the back link you get from the article directory that publishes your article. This by itself is good news, but the power of article marketing isn’t in just getting your article on the directories.

Far more powerful is the result of it getting it republished in many different blogs, and ezines around the world. A well written article, that makes a clear point and is easy or even fun to read is likely to be picked up by others. And each time it is, you get another back link to your web site.

There are many factors that play an important role in how well your web site is rated by Google and the other search engines. But once the basics are taken care of, the dominant factor is how well respected your web site is. The search engines measure this my taking note of how many other web sites are linking back to your web page and who those sites are.

Within a local market, like my home town of Minneapolis a doctor, photographer, dentist, window replacement contractor, etc doesn’t need to have the most popular web site in the world, just the most popular in the Minneapolis area. If they are they will rank higher than most if not all their competitors.

And since these days more people search for businesses online rather than via the Yellow pages as they did in the past, this is a significant advantage. An advantage that results in more new customers and more profits.

And that is exactly why I advise local business in the Twin Cities area and elsewhere to market their business using article marketing as a significant part of their business marketing strategy.