Posted on November 22nd, 2008 by admin
Home Based Business Advice
Advice for setting up or up-grading your home based business:
One important consideration is having a location in your home that is dedicated to your home based business. You can use this as a tax write off, which includes a % of square footage and then divides that up for a percent of heat, lights, water, etc. but the space must be for you home based business only. So if you do not have a room, then mark out an area that is Business ONLY to keep our friendly tax person happy.
Install a phone line dedicated to your home based business.
Decide on an answering service and in most cases it is required to have a 1-800 number for someone to take you seriously.
Organize your work space with great care. Make sure that you have sufficient space to meet your needs. Have what you need within reach and an excellent filing system as well as backup system for your PC.
If needed for your type of business, when scheduling appointments with clients, consider meeting at your client's office or renting a conference room to maintain a professional image. Or learn the new up to date technology of conferencing on the computer. It is fairly easy and not expensive if you use the right services.
Keep excellent records of entertainment and travel expenses. The Internal Revenue Service (IRS) tends to audit home based businesses more frequentlyespecially when they are writing off a variety of expenses, including the percentage of the mortgage or rent for your office space.
There are several good record keepers such as Day Timer®, Franklin Quest® and Day Planner that will help you keep track of your expenses. Use of an accountant or a CPA is recommended and can advise you on deductions you can take and records you must keep for the IRS. Talk with them before or early on in your business so that you are starting your record keeping off on a good track.
Set up an LLC so that your home assets and banking are completely separate from your home based business. It is easy and inexpensive for a lawyer to do it for you. Well worth the security.
Open a Business Banking account with your business name LLC on the checks.
As soon as possible also get two credit cards with your business name LLC
Set up a SAVINGS ACCOUNT for your home based business, remember keep it in a business LLC account. Build it up because when you least expect it, you will need it.
Develope your computer system, proper programs and decide who will handle your repairs and help as you need it. Check out their service and if possible talk to referrals. Do NOT just trust the Big Computer Stores to be there for you. You are usually not a person to them, just a broken piece of equipment and you go into the 'Q'. Trust me; a good computer person on your team is worth their weight in Gold. A good 2nd PC lap top that can multi task can be a life saver.
Discipline yourself. You must be a self-starter and follow a routine, just as if you were working for any other business. In many cases, you are the only person you can rely on to get the job done. Unless it's an emergency, do not baby-sit or chat with your neighbors.
There are literally thousands of people entering into a Home Based Business due to the sagging economy, massive business layoffs, and whole industries vanishing as work moves overseas. Families are needed in the past a second income for those little extras; families now need a steady income they can count on. I strongly suggest diversification (never put all your eggs in one basket).
Now it is time to look at a business
. Might I suggest you look at Its Good Business.
It is solid, easy to work with (notice I didn't say you don't need to work) but we do work on a TEAM basis and you have a mentor to help you firm up how you want to work your internet Home Based Business. This is a very flexible business giving you many ways to make a good income and have freedom to be with your family and friends.
Tana Hamiter Goes Green Mentor
1-888-234-2556
Skype Me: nancy.tana.hamiter
Tri Power TeamNo tags for this post.
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A very effective strategy for developing traffic to your legitimate home business web site is to create a lead capture page and then drive traffic to that page. You can have to best looking web page on the internet, but if it doesn't get traffic, your home business will never grow. You must have traffic, and here are a few tips to help drive traffic to your site.
So how do you drive traffic to that home based business opportunity website? Here are ten ideas I thought of:
1. Are you publishing an ezine for your legitimate home business? If not, you should be. Give people a free subscription to your ezine. Almost everyone is publishing a ezine nowadays, so be sure to give something extra with the free subscription. You could offer a free gift or some free advertising to new subscribers..
2. Provide your visitors with free content. Your content will be more attractive to your visitors if it is up-to-date or original. You could also offer people the option to reprint the content in their ezine or web site. Your home based business opportunity just may have the answer to someones problem and if you can provide quality content to your site on a regular basis describing your home based business and its benefits to others, you will begin to get traffic.
3. Offer a free online directory. The directory could be full of interesting ebooks, ezines, web sites etc. If people find your directory to be a valuable resource they will visit it over and over. People love it when someone else does their research for them. Make sure you update the directory on a regular basis, and give visitors the option to subscribe to be notified when there are updates.
4. Give your visitors a free ebook. You could also include your own ad in the ebook and allow other people to give it away. If you don't want to take the time to write one, you could ask other writers permission to use their articles, or you can hire ghost writers at websites like elance.com.
5. Hold free online classes or seminars. They could be held in your web site's chat room. The idea of "live" information will definitely entice people to visit your web site. You will become known as an expert on the topic. You probably are more of an expert on your legitimate home business than you realize.
6. Give visitors a free entry into your contest or sweepstakes. The prizes should be something of interest or value to your visitors. Most people who enter will continually revisit your web site to get the results. The greatest benefit of this is you will begin to become known. As more people visit your home based business site to receive the free items, they will begin to feel comfortable with you.
7. Let visitors download free software. It could be freeware, shareware, demos etc. You could even turn part of your home based business site into a free software directory. If you created the software, include your ad inside and let other people give it away.
8. Offer free online services or utilities from your home based business web site. They could be search engine submission, copywriting, proofreading, a niche-specific forum, etc. The service or utility should be helpful to your target audience.
9. Give free consulting to people who visit your web site. You could offer your knowledge via email or by telephone. People will consider this a huge value because consulting fees can be very expensive. As you build your home based business, you will solve many problems, and this knowledge is most appreciated by others. See, I told you that you would become an expert in the area of your business.
10. Give your visitors a free membership to your online club. People want to belong to something, why not your online club? You could also give away a free ezine for club members only.
There you are, ten ideas to drive traffic to your work from home business website. There are many other ways to drive traffic - put your mind to it and you can find all sorts of creative ways to increase traffic.
If you are looking for ways to develope a home business opportunity, take a look at It's Good Business.
It is totally different from the usual work from home businesses. No hype, no lies, just Good Business. Do some research on It's Good Business.
Look at the new business model and then just ask yourself if this doesn't make better sense. If you are sick and tired of the old MLM model, check out It's Good Business. It is based on a co-operative business model where the whole team helps each other, and believe me, when you are new and stating out, you need all the help you can get.
You may be surprised at what you can learn from It's Good Business. I know it completely changed how I viewed developing my legitimate home business.
Marilyn Nelson
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