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Before starting a home business there are 5 things you need to know and if you don’t know them it will affect your business growth drastically.
1. How much does it cost to start a home business?
There are businesses that cost 500 and $600 to get started but they don’t equip you to sell their products or services next thing you know you have a lot of products piled up in your garage, not knowing what to do with them. Or you are on a $100 auto-ship from month to month, constantly losing money instead of earning. Pay close attention to this because you could spend thousands of dollars before you realize it and never make anything in return.
2. Is there potential for the home business to expand?
On the other hand you must be careful that your price point isn’t too low, otherwise, you won’t make a profit.
The best opportunity to join is the one that has a low entry point then upsells only when you are ready. This allows you to get more people in the door, build a relationship with them and eventually sell more products and services.
3. Is the products or services unique?
This is an important question to ask because if your product or service does not set you apart from your competitors it will be more difficult for you to sell your products and services to the same market. What is unique about what you are selling?
4. What do I need to learn in order to succeed?
You must ask yourself what is required of me in order to be successful with this business? Are there new skills need to learn? Do I need to shift my mindset etc? Asking this question early on is crucial to your success and taking action on your answers is even more crucial.
5. What systems and support will the home business require?
Support is crucial when you are aspiring to start a home business because in most cases you will get stuck and instead of sitting around all day frustrated you can reach out to someone for help.
Systems are equally important because if they are not in place you will find yourself working harder instead of smarter, overwhelmed and frustrated. The right system will increase your sales and do most of the work for you. Being a mom of a special needs child I find that to be one of the most important of them all.
I will be honest with you this is enough to discourage most people, but if I told you it’s possible and that a system does exist in one home business opportunity would you believe me?
I didn’t believe it until I looked at it closely and now I am so glad that I did. Today I would like to share with you the same video that was shared with me a simple formula that unlocks 9 red-hot income streams and provides you with all the things I listed above plus so much more. Grab your simple 4 step formula here!
Rachale Kelley teaches moms who desire to be home & present with their children, how to face her fears & develop skills and strategies that will help her quit her job, conquer overwhelm, believe in herself and find her voice so that she can experience true freedom in her life.
She has been married for 25 years. Has 3 children, the youngest diagnosed with Down Syndrome.