Dan White | danwhite

How To Choose A Home Business Model

Aug 31st 2014 at 12:23 AM
The four stages of a business model are, preparation, creation, implementation and evaluation. These stages are made up of components which make them work and flow into the next stage. The second stage of the business model, the creation part, is set up through an ABC system. A- is to attract future customers. There are three components in which to do this. First, you must find your products. This is not as easy to do as some make it out to be so it is important to investigate and choose each product carefully. Pick the best products available. Ones that you may have experience with already or ones you know something about or have an interest in. The next component is setting up business to find leads. Write articles about your product and get it out over the Internet. Subscribe to lists that allow you to find out ideas about your products or interests. B- is to bag and capture potential customers. Set up a system to secure leads. This can be done both online and offline. Online you can use an auto-responder system where you give visitors to your site or blog a free purchase or gift for subscribing to your newsletter. Offline you can use newsletters competitions and giveaways to get people information about your products. This will also build relationships with prospects. You will also find your niche through surveys and research. Ask your prospects what they want, what they are looking for. C- is cashing in. You will begin to see profit from the sales made to customers and this is where you will finally begin to see your business succeeding. The Right Home Business Model There are more business models to choose from today than ever before. That is because there are no so many different types of businesses. You can start a full time, part time, at home or totally mobile, online or brick and mortar in a commercial location. But each business requires the right kind of business model, including the home business. The key is to choose the business model that fits into your plans for your business. The right home business model will ensure that you spend the right amount of hours each week, that you take the right level of risks, that you are practical in terms of your finances and that you gain the kind of satisfaction and success that you can dream of. First decision you have to make is how much time you want to devote to your business. Will you decide to go with a full time business model which means leaving behind whatever it is you are currently doing and devoting all your time to your new business venture? A home business has many upsides to it. There are usually less risks and a lower start-up cost than a brick and mortar business, simply because you do not have the expense of real estate, staff, etc.
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