Home

home_business Directory


More
home_business Articles

WRITERS WANTED! (click-me)

Feature Article:

What is a Home Business?
First, let me clarify what kind of Home Business I’m discussing. There are many different kinds including just about anything that you could do from your home. I’m specifically talking about the kind of home business you do from your computer on the...
...Read More

9 Steps To Start A Profitable Online Home Business!
This article has the 9 steps you will need to take to have a Profitable Online Home Business! Some “Internet Guru’s” will disagree with me, as they think that there are only 8 steps, but they seem to forget about the most important step of all....
...Read More

worldabooks.com

10 Money-Saving Tips for Home Businesses

worldabooks.com       Navigation

by Lesley Spencer, MSc; Founder & President HBWM.com Inc.

One of the most common obstacles many home-based working moms face is trying to start or run a new business on a limited budget. The first few years
of a business are usually the hardest financially. Some moms leave full-time
careers and substantial salaries to start a new business. Others start a
home business as stay-at-home moms wanting additional income to support
their family as well as a professional outlet to balance their diaper-changing days.

In either case, starting and running a home-based business takes money. How much money, will depend partly on you and the type of business you choose to run.

Below are our top 10 tips to save you and your home business money:

1. Do your own market research by talking to potential clients or
customers. Many new home business owners skip this step only to come
back to it later (or wish they had). Those who start businesses without doing
any type of research risk the possibility that their target market doesn't need or want their particular product or service. The competition may be too fierce. There may not be enough potential customers to support the
business. Or the product isn't priced correctly. It is just as important not to price your product too low as it is not to price it too high. Talk to others
in similar businesses as yours to see how much they charge and what they offer for that price.

2. Team up with other non-competitive businesses that target the
same market to do some co-marketing. For example, desktop publishers and
print shops can do a direct mail campaign together advertising both of their services or buy an ad in a local publication and split the costs. Neither is in competition with the other. They also can hand out business cards or flyers for one another as well as give word-of-mouth referrals. It's a
great way to double one's marketing efforts while splitting any advertising
costs.

3. When you have a satisfied customer, don't be afraid to ask for referrals. People like to help others especially new businesses trying to succeed. Show pride in your work and people are sure to notice. And when they do, ask if they know any others you can send a brochure or sample to. Another great way to encourage referrals is to offer a discount or special offer for any customers who are referred to you.

4. Barter or trade your services for other products or services
you need. Associations and organizations are not only great places to network; they are also great for finding businesses that offer services and products you need. Look for businesses you could help with your product or service and offer to barter or trade for theirs. (Be sure to check with your tax professional for tax issues involving bartering and trading.). Diana Ennen of Virtual Word Publishing(http://www.virtualwordpublishing.com) has found bartering her virtual assisting coaching has allowed her to get web design work done, PR work out, proofing of assignments and much more. It's a win/win for all.

5. Find another home-based working mom to swap babysitting with. All home-based working moms need some dedicated time to work on their business tasks. By swapping with another mom, both can work on their businesses without adding to their childcare costs.

6. When buying new office equipment, go to a place that offers a low-price guarantee. You can save time and money by shopping at places that will refund any difference in price if you find the product cheaper elsewhere.

7. If you are looking for computer equipment, consider buying used
equipment. Look in the classifieds and talk to others that may know someone looking to upgrade. Ask for warranty information and make sure the machine is in good working condition. Also take a look at the computer companies offering refurbished machines. Some are priced accordingly and usually come with some type of warranty.

8. Send postcards for direct mail solicitation. They are cheaper to print and less expensive to mail. Another advantage is that they are more likely to be read since they take no effort to open.

9. If you hire sales help, pay by commission only so you only spend money if you make money. A salesperson can increase your sales without adding any up-front fees or salaries.

10. Use pre-printed design papers for letterhead, brochures and business
cards if you only need a small amount. The papers can be found at most large office supply stores, and they are great for new businesses trying to get started on a small budget.

These money-saving ideas should help with your budget but new business
owners also need plenty of drive and determination to succeed. It takes
time to develop and grow a business so be patient and give it all you've got!

About the Author

Lesley Spencer is founder and president of the HBWM.com Network
which includes: HBMW, http://www.WorkAtHomeKit.com, http://www.edirectoryofhomebasedcareers.com,
http://www.momsworkathomesite.com, http://www.HBWMconferences.com,
http://www.HBWMcanada.com and http://www.HireMyMom.com (coming soon!).

worldabooks.com

More Reading:


Free Home Based Internet Business

Organizational Tips For Internet Home Based Business Success

Writing A Homebased Business Plan

Marketing Your Home Business For Big Profits

Paradigm Shifts Responsibility Understanding the Logic of Building A Home Based Business

 
Tax Tips for Home Based Business Owners

Tax Advantages In A Home Business

Few Important Tips For Starting Your Home Based Business

Tips For Successful Home Show Businesses

DO YOU HAVE WHAT IT TAKES TO WIN IN YOUR HOME BUSINESS

home_business Home

home_business Directory

Additional Reading


How to Make Money with a Home Based Business Online Without Spending a Dime!!
If you are reading this you must either already be working online or thinking about it. So many people are working online today and making a great deal of money doing so. I’m here to tell you how you can make money…and do it without spending a...
...Read More

Is a Work at Home Business Right for You?
How do you know if a work at home business is the right one for your business type?  Well, there are some clear criteria that can tell you if you can do your dream business out of your home or if you should get an office.  If...
...Read More

Home Based Businesses Have Their Share Of Frustrations
The source of frustration addressed in his article may be all too familiar if you happen to work at an Internet-based home business which relies on personal relationships and/or teamwork. I am often contacted by members of my business team with...
...Read More



 

 

Internet Search for: home_business, they, business

[an error occurred while processing this directive]

 

Copyright    worldabooks.com