So you want to start your own home based business, but do not know how! Well you have just discovered the article that provides a 1, 2, 3 Formula that every home based business opportunity seeker can master and apply with ease. This formula works all the time and for everyone who learns it and applies it. It is so simple most people would say, no way it can not be that easy! But once you finish reading this article you will be well equipped to put the 1, 2, 3 formula into practice. Pay close attention so you do not miss it, here it goes;
1. Find a need
2. Fill the need
3. Charge a Fee
There it goes, did you get it? No way! It can not be that easy many of you home based business opportunity seekers may be saying. Read on and learn why each step is important and learn how to apply each of the three steps, to guarantee your success.
Many people start a business based on what they think people will buy. They introduce a product or service and try to convince people they can not live without it. What most home based business opportunity seekers and many other business people do not understand is it's harder to try to convince someone to buy something then it is to supply what people are already buying! Whoa! Did you get that? Most people who start businesses are trying to get people to buy something because they want it. This works sometimes and in good economic times, but the truth is people will always find a way to buy the things they need; water, shelter, food, clothing, transportation, child care, home repairs, etc.
So how do, a home based business opportunity seeker get consumers to buy these products and services? Provide these needs faster, cheaper, better, and with greater ease to the buyer. This will make your service or product stand heads and shoulders above the rest. There's nothing worse than having a product or service then not knowing how to find someone who supply the product or service. That's why you must let buyers know where you are and that you have what they need! Advertise or market so people know what you offer and how to find you.
Many home based business opportunity seekers start businesses by turning hobbies into businesses. The component that transitions a hobby into a business is making money. How do you decide how much you should charge for the service or product? Determine how much you need to earn, and then determine how much you need to make from each transaction. If those figure means you must charge more than someone already offering the service, see how you can make your product or service bigger, faster, or better than your competitors. You can drive your overhead cost down by buying in bulk and by having at least three vendors. Business owners can also increase income by leveraging the number of clients they service at a time. A virtual assistant charged each client $ 4 per hour but found she could easily serve 5 clients in an hour that means she was earning $ 20 per hour. Because of her affordable rates and her superb services she was able to turn a hobby of organizing people into an $ 800 per week business.
So there you have it, the 1, 2, 3 Formula every home based business opportunity seeker can master with ease!
If you would like to know how to effortlessly start a business for under $ 200 make sure you click the link in the resource box and get our guide "Business Success 1, 2, 3!"