In the past, the main source of income that a lot of people are most acquainted with is the linear kind-this is the kind of income wherein the amount of money an employee ears in directly proportional to the work they do. This is how most corporate systems work. They show up for work everyday, get paid bi-monthly, and are allowed a number of sick and vacation days every year. However, once they exceed this allocation, the number of days they don’t show up for work will be deducted from their paychecks.Nowadays, a new kind of income opportunity has become attractive to executives, and through this, they do not have to worry about using up all their vacation days just to enjoy leisure time. This is through venturing in home-based business. Since connectivity has become easier through the Internet, many have seen the rise in numbers of executives who quit their corporate job and have chosen to start earning money from home. Many people have an aversion to the word “business” mainly because it has always been perceived as something that is complicated and something not everyone has the capacity to do. The truth? With proper motivation, and by making wise choices about the company you are partnering with, anyone can actually mount their very own home-based business. If you are still not convinced, we have come up with a list of reasons why putting up your business at home might just be the right boost your finances needs.First of all, you get more freedom in terms of time. You do not have to rush along with everybody else during your rush hour commute, just to get to your job. In fact, you do not have to show up for work at all, since you are working from home. More than simply saving gas or commute money, you save time. Let’s say you spend two hours commuting to and from work everyday. If you do that for a week, that is actually 10 hours of your life you spent commuting. You could have done something else with that time-golfing, watching your favorite TV shows, knitting, spending more time with your family, but definitely not commuting!Second of all, you can earn way more than what you will ever make in your office job. As we mentioned earlier, most office-based jobs only offer income that can be quantifiable with the amount of work that you render. Not working that way is one of the greatest things putting up your home-based business could offer. You could actually dictate the amount of earnings you will have in this kind of set up. Most people say that this is dependent on the capital that you are investing, but it is actually more than that. Since the turnaround of ROI is pretty fast with most home businesses, you will be at the liberty of choosing to expand your venture in a matter of months. In fact, a lot of entrepreneurs who have mounted their own home businesses have managed to triple their investments in just one year.Lastly, home-based businesses have higher success rates than freestanding businesses or franchises. Like everything else, you would want to put your money into something that has fewer risks, or if even possible, risk-free, right? That is another unique thing that a home-based business has to offer. It allows you to be flexible enough in terms of finances, collaterals, and all the other requirements, which allows you to be more in control. If having control means less chances of your business failing because of loose ends, then venturing in a home-based one definitely puts you in a very good place.If you get that sudden surge of excitement with every item that we laid out, then a home-based business is definitely a good choice for you. Not only will you get the work-life balance a lot of people have been chasing after, but you also get a chance to actively dictate what the future will have in store for you in terms of your finances.

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.

Is it smart to have your own home based business? This is a question that is being asked by thousands of people all over the world.The truth is that for many people it is very smart to own your own business from home, but this is not right for everyone. You are the only one that can decide if a home based business is right for you.In order to help you decide, you first need to determine if you have what it takes to run your own business. There are many things that will be required, but the most important are as follows:1. Determination – You have to be determined to succeed with any business that you start. Building a business at home sounds good to many people, but it will not always be easy.Determination will keep you going when things get tough because they will at some point. If you are not determined to build your business and succeed with it no matter what may happen, then you will wind up quitting like so many people do every day.2. Able to work hard and spend time on your business – One thing that many people don’t realize is that you will have to work hard and spend time each day building your business. After all, it is a business you are doing at home and not just a hobby.It doesn’t matter where the location of your business is, if you want to start a business and find success with it, time and hard work will be required.3. Willingness to gain all of the knowledge you can about a home based business – If you want to build a business at home, there are so many different things that need to be done. You will need to learn about all of the different things, one thing at a time.If you don’t want to learn anymore, then a business at home is not right for you. For anyone that wants to learn and is willing to learn anything necessary, then you may be looking at the solution to change your future for the better.If you can do these things, then a home based business really is a smart idea for you. For anyone that doesn’t feel they can do these things, then you may want to keep your job because you will struggle to build a business. Just remember that you are the only one that can decide if a home business is wise for you, so be sure you make your decision carefully so you are confident the best one is being made.