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KNOWLEDGE REPORT

Key insights into Developing Your Home Business and Earning your way to Financial Freedom

Disclaimer The author provides the following information with the understanding that while every effort has been made to ensure the information herein is accurate and correct, he will under no circumstances accept responsibility for any profit or loss gained from the use of this document, whether directly or indirectly.

Copyright 2011 The Home Business Team, http://www.home-business-team.com This is a free document. Feel free to pass it along to anyone who can use it, the sole condition is that it must remain in its original form and completely unchanged. This document may not be sold.


CHAPTER 1 – Is Home Business Really the Answer? Home Business Challenge – Is this for you? The idea of having a home business is one which many consider, but very few implement. It is a fact that many people won’t make it. Some won’t even think about it. But you won’t be in that bunch right? It takes a strong desire to really be successful at your home business. A strong desire to succeed almost always guarantees success. These are a few guidelines to get you started; You must know your market – it is important that you place much attention on the market to which you want to serve. Do you know them? Are you current as to the different services they may need. Are they willing to pay for your services and is it a necessity or a luxury for them? What are you going to provide – what are you going to offer them? How is it different than what they have now? What are your competitors offering and how is your value proposition different from theirs? This is very important. The wrong assessment as to what you perceive as important to them can be detrimental. What skills do you need – every home business requires a specific set of skills, some may even be specialist, especially if you are going to be a consultant. List all of the skills you need to obtain. In this age of internet and communication, it is possible to learn anything. And what about outsourcing for your home business? Is this a viable option for you? Can you afford this of is this a little too much? Know yourself – this is practically the most important piece of advice, if you get nothing else from this article remember this part – know thyself. It is often times our own selves which cause our own troubles. We don’t work hard enough, or smart enough or we’re too negative. You need to know how you’re going to go about this with a proper plan and how much it will cost. Know if you are going to leave your job or work part time and know how you are going to establish yourself as an authority in your field. Then and only then would you truly be ready to have your own home business. Once you’ve successfully looked at those areas above, then and only then can you be able to say if Home business is the answer for you. If you are not able to adequately answer the questions then the road to prosperity would be a difficult and trying endeavor. So give it some thought so that success may be yours.


CHAPTER 2 – The status of Internet Business in today’s world Have I missed the ride, is it too late, is Internet Business Dead? Internet business has been a subject of great controversy, debates and discussion on all forums on and offline from its inception. It is still the center of great attention and will continue to be for many years to come. But the question one asks, is whether or not Internet Business is still growing? The growth of internet business is truly a remarkable one. One which highlights the creativity and dept of knowledge of the pioneers of internet business. The creation of this industry has been sparked from the transfer of value into the lives of those who utilize the internet. Where there is the ability to add value to people’s lives there is also the ability to generate profits. The internet has brought a variety of tools to the online community which has literally transformed the way in which our world operates. There is now unprecedented collaboration among various entities and the speed and effectiveness through which news, and information is transferred throughout the world is unprecedented. With global communication becoming better and better it is easy to see that traditional markets are no longer the only available options, but the world at large offers significant opportunity. It is therefore fair to say that the success of the Internet lies in the ability of the Internet to grow. It also stands to reason that as the internet grows, the more opportunity will arise to add value to the lives of more users. As value exchange grows, so too will the opportunities to make money online. With creative masters thinking up the latest way to create value for users, there will never be a shortage of income generating opportunities in the market. As such internet business is poised to grow and grow and grow. The use of the internet is growing and with large economic powerhouses in Central America and Asia becoming more and more involved in the global marketplace, infinite opportunities will be available to those who can focus and become relevant to the marketplace. People are looking for more and more information and as a result will be spending more and more money online. People are becoming increasingly relaxed at online commerce and as such the market will continue to grow. Internet business is here to stay. It has become an industry on its own and will not go away. There are no indications to suggest that its demise is anywhere near in sight and all indications show that it will continue to grow. Internet business is here for the long run.


CHAPTER 3 – Is Internet Business Worth all the Effort? I’m going to do all this and that, will my efforts be worth the outcomes? Online business can be a very frustrating endeavor. While the merits of success can be high, the work needed and specialized knowledge required to succeed can be challenging to overcome and elusive to master. Online business can be an engaging and fulfilling experience, not to mention profitable one at that. While not all that difficult, succeeding in online business requires knowing what to do and the specific manner in which these need to be executed. The fact is that many people are having great success while many are not. This is an indication that there must be similar success criteria at play among those who are successful which are expressed differently by those who are not successful. It is therefore important to discuss the importance of this knowledge. It is often said that knowledge is power; this is indeed true in the case of online business. One must know which strategies and efforts pay off as opposed to those which don’t. It is important to know how to work smarter and where to work harder. This is the differentiator for business success, knowing what to focus on, what to outsource and how to build products and services which can add value to people. The question however on whether or not it is worth it must be evaluated as objectively as possible. The worth of this area must be looked at based on the derived benefits as opposed to the effort placed into the endeavor. Its success must also be indicated through the efficiency of the value derivation exercises. We will discuss the varying criteria we believe to be important to the evaluation of an online business’ worth; Startup – this is the needed resources required to begin an online business. Startup requirements can be in the form of knowledge, capital, employees, difficulty of concepts and placing. All of these can form individual evaluation criteria themselves as some will. But the underlying tone is that the effort required to begin an online business is indeed easier than traditional methods ans the cash required is significantly smaller. And in some cases, many cases, free. Employees – the online business arena is one which is played on the World Wide Web. This brings people together in an unprecedented manner. Finding employees to perform online jobs is indeed extremely easy. There are many developing nations where highly skilled individuals can be hired. For instance, if you need a highly skilled programmer to do anything for you, it’s easy to get an Indian one on Freelancer or O-Desk. Specialized Knowledge – often time people use this argument to not get into the arena of online business. This is indeed rubbish as all of the information is available out there. One specific method of overcoming this aforementioned critical criterion for success can be in finding online communities which are specific to the area in which interested. Get to know everything, actively participate and get to know other members who can assist. Assist others and offer value and in no time at all, you will not only know what you need to know to succeed but also be considered as an expert in the area. It is easy to see that the argument is leading to the side of online business being worth the effort.


CHAPTER 4 – Internet Business Ideas with the Best Chance to make you money! To make money, its best to reflect on these points……… Home business ideas come and go all of the time; they will appear as the hottest trend and then fade away into oblivion some never to be heard of again. Some home business ideas do die naturally and then resurrect for some reason or the other. We will not be discussing these home business ideas here. We will be looking for the ones which offer you the best chance of making money and succeeding at the business you so want and for many, deserve. There is a lot of rubbish going about with respect to the home business ideas that one can begin. Information exists with detailed guidelines on how to have a home based business. But we want to stick to the fundamentals; a lot of money is being made and lost by misinformed information out there. Many people are using no strategies and plans to determine their course of action. We will look at some criteria or choosing the right home business idea which have the best opportunity of cashing out with. Always in need – think of the products and or services which are always in need. These products are essential to the operation of our society and to us. You won’t be the next Richard Branson with small thinking. Look at what he’s into, first – transport. He may have a luxury space program, but his very first service offering was at his airline. This is where he made his fortune - in providing something which is fed by our internal needs and vital to the running of our society. By focusing on those areas which are not considered as luxury components in one’s life it will be easy to find clients, as there are a large number of them, (all of us), and repeat business is always easier to find. Home Business Ideas that will never fail to Cash in Health – the health industry is one of the largest industries in the world today. Health is big money, from mainstream pharmaceutical business to home care remedies, to private hospitals, to health and life insurance. It’s just staggering if one takes a look at it. So why are you seeking opportunities outside these areas when a person will almost always give you their money to stay or get healthy. There will always be a need for doctors, always! And there will always be a need for drugs and there will always be diseases. So this is the first of our home business ideas, get specialized. Specialized in the knowledge and treatment of a disease, chronic or otherwise, or get the facts on what people need to do to stay healthy. You must be able to find one area in which you can add value to someone in the health arena. Pick one and begin. Other areas which meet the criteria discussed earlier are; Beauty – everyone wants to look good. Whether it is fitness, bodybuilding, skincare, fashion, acne or jewellery, pick one and work towards becoming an expert. Wealth – people are always looking at how to make money. Learn what it takes to be successful and train others. Make sure to implement what you have learnt in your own life first though.


Appreciating Assets – learn everything there is to know about building assets which will become valuable in the future, websites, online businesses are hot right now, get good at this area and show others. Also build your own empire of appreciating assets outside of the internet with the money you’ve made to be even more successful. Food - Get into food production or transfer. There is a global food shortage as well as a water shortage. Get into these industries as we will always need them. Shelter – many a billionaire, millionaire has a large portion of their fortune in real estate. Real estate has made many people rich, and why, it is because people are in a very basic level in need of shelter. You see, focus on the home business ideas which are fundamental and you will succeed.


CHAPTER 5 –Online home business - the key essentials for success The key differentiators between those who are successful and those who are not!! Online home business is a growing industry. Many people are making steady income from online ventures which are designed in some way to offer value to others. As with all groups of successful people a method to success is important and is often shared by the group at the very core. In addition certain traits and focused mindsets are important for success. Online Business Success Factors Being focused – it is a fact that people who hold onto a goal and achievement milestone are almost always successful. This is so due to the obsession which develops with achieving the goal in question. Once the target is set and the individual keeps a positive mindset with a good reasoning to know how to alter approaches based on the situations at hand. Success is inevitable. Organization – this is a key to success in many other areas as well, but even more so for online home business. It is essential for the organization of tasks and responsibilities. Duties must be allocated and priorities set. This is important. It is a recipe for disaster when one acts in an uncoordinated manner only dealing with issues as they arise. One must anticipate the potential complications a situation may present and be able to effectively manage them proactively. Minimization of distractions – this is important as the name applies, we are speaking of online home business. Thus there would be a large amount of distractions around the house from other family members, friends and neighbors as well as your impulses to look at television, visit the snack counter and refrigerator several times and just about anything. As such it is important to be able to focused and keep distractions to a minimum. Set aside dedicated working hours and organize yourself in order to be successful. Knowledge – to be successful it is important to learn from others. Online home businesses aren’t mainstream educational areas. These are skills you will need to develop on your own. Knowing what to do is extremely important and can bring about significant benefits to those interested in a career in online home business. Build Reputation – no one will buy what you have to say or sell if you do not have a strong reputation to back you up. This is important as the brand you build will affect how much you can earn online. The business world is a complex one and as such knowledge placed into action is critical to the success. Begin or join a community – if you are already an expert in the area you are interested in for your online home business, and then by all means form an online forum which will contribute to the lives of others and build your reputation. Your brand would be greatly enhanced by this action. If you are not an expert and need to learn more, you can do so by joining an established online community and become actively engaged there. It is also advisable for advertising and brand identification that even those who are experienced can be part of the existing forums as well as beginning their own. Helping others is definitely the surefire way to achieve success.


Conclusion There is no doubt that money can be made on the internet. All you need is to have the right frame of mind, dedication and proper instruction to succeed. As indicated before knowledge and action go hand in hand. I can help you with the knowledge, but it is you who will make yourself a succ through consistent action.

I thank you for reading the guide and encourage you to visit our home business instruction website,

www.home-business-team.com

Thank You and Good Luck

The Home Business Team www.home-business-team.com


Key insights into Developing Your Home Business and Earning your way to Financial Freedom