Pro’s and Con’s of Choosing a Home Business versus a Work from Home Job

Pro's and Con's of a home business versus a work from home job
Home Business versus work from home Job?

When you make up your mind that you want to work from home, the first question that will usually pop into your mind is how do I go about this?, should I start looking for work from home job? or should I start a home business?.

The jury is still out there as to what is the best route to take, for some people it is a difficult decision to make especially if you are coming from a place where you were working outside your home and had a stable income which you brought into your home. What this means is that you already have a lifestyle which you have set up your home and of course choosing to work from home means that you are putting that lifestyle into a jeopardy because you will move from a place of stable income to unstable income or perhaps just one income from your hubby.

In today’s post, I will be comparing the Home business and the work from home Job, the Pro’s and Con’s perhaps this may help some of you who may be ambulating on what route to take.

First of all, before you decide to make the decision of working from home, you must make some certain preparations, I do know some people tend to jump in with both feet to either swim or sink. Sometimes it works and sometimes it doesn’t this is because needs are different and makeups are different.

There will be those who will take the option of choosing to work from home without taking time to plan things out perhaps because they fear that If they take the time to plan things out, they may procrastinate and never make that decision.

While some like to plan their approach, they save up some money to cushion the times they will be taking to build their business from home before resigning from their jobs.
I will prefer that you plan your route before ever you make that decision to quit your job and start working from home, this may mean cutting down on some niceties in other  to save up your money to help cushion your family needs while you build your business or find work from home jobs that will replace your initial income.

This planning ahead of time will help you stay true to what you are working on and prevent you from running into financial stress which may force you to return to your former job.
It is also much easier to run your business or work from home when you don’t have to worry about finances at least for the beginning stage until things kick off.
If you are already a stay at home mom, it makes your decision easier because you may not need to do extra planning since you are already used to living on one income anyway. You may have to perhaps save up some income or initial capital outlay that you will need to start your business though.

Having highlighted the thoughts above here are the pros and cons of starting a Home Business versus a Work from home Job in other to earn your income from home.

Pro’s of a work at Home Job
-You can apply the skills you already have on a job that is immediately available and begin to earn almost immediately once you are able to secure a job. ( often times to shorten this time lapse of looking for a  work from home job, its best to start looking and secure one before you resign your day job)

-You do not have to have an initial cash outlay hence you can start on virtually zero cash except for perhaps money spent on registering on Job sites that specialize in hiring for remote positions.

-You do not need to draw up a business plan or a strategic marketing plan for your work at  home job since you will be trading your skills for money.

-Other people set your targets and there are specific tasks which you are set to deliver and your work is finished for the day. Your work is not continuous till when you are tired as in a Home business

-You get some benefits such as Health insurance if it applies to your job.

-You can choose to take a  holiday if your work is a freelance job meaning you choose when you work and when you don’t.

-Your remuneration is fixed and you know exactly how much you will earn at the end of the month.

Con’s of Work from home jobs
-There are a lot of scam work at home Job sites out there, therefore it takes a lot of time to sift out the genuine ones, this often takes time. To learn about the genuine ones read my post on 10 best sites for work from home jobs.

-There is a limit to how much you can earn per month since you trade time for money, you will have to work for a certain amount of hours before you can earn your desired amount.

-Your income is entirely dependent on the company you work for, meaning that should there be a shift in purpose and you don’t fit in you will lose your job and income.

-Because it takes time to find what works in the work at home job market, you may find your self-waiting for a while without any income at all. What this means is that you situational change is out of your control.

-For the same skills which you may have been paid more when you had to clock into the office, you may be paid less and if you are in a dire position you may find that you are working more for less pay.

Pros of starting a  Home Based Business
-You are your own boss so you can control how much you earn from your business, hence there is no limit to how much you can earn.

-You do not have to clock in with any supervisor so you can set your own time and work at your own pace

-There is no cap on how much you can earn since you can scale your business as it grows and expands.

-You can apply the skills you already have to your new business especially if your home business ties into what was your career before you quit your job to work from home, hence shorten your learning curve in running your business. Time to profit will also be shortened.

-There is freedom of doing whatsoever helps your business to excel without having to check in with a company to see if it fits into their organizational goals.

-You don’t have to look for a job or depend on someone hiring you for you to create your own income, you already have a job so you get on with it.

-You are in control of your own destiny.

Cons of  Starting a Home-based business
-You may need some initial capital to start your business, and because business takes time to grow, it may mean that you will run for a time without any income coming in at all.

-You may not begin to earn immediately you begin to work unlike the work at home job option that you get paid once you start working.

-There is no fixed task that says your job has ended for the day you may find that you are continuously working until you get tired. You are sort of the business and the business is you, this means that you have to be super self-motivated to keep at it until it begins to yield a return.

-If your business should fail, you may have to return to a day job because you will probably need money to foot your bills.

-A home business takes a lot of planning and a strategic input coupled with a lot of marketing before it can take off and sometimes this may take longer than you expected.

-Sometimes you will have to invest resources, money, time and energy to learn how to run your business properly in other for you to see a difference and begin to make a profit.

Advantages and disadvantages of choosing a work from home job versus a starting a Home Business
Pro’s and Con’s of home business versus work from home Job

Having laid out the pros and cons associated with choosing either route when deciding to work from home, I have to say that the good thing about these options is that they can be combined, there is no hard and fast rule that says you must stick to one.

Some people in other to meet up with their financial needs may choose to take a part-time work from home jobs while they slowly build their business to replace their former income.
For some, especially if you are a stay at home mom, you may choose to build your home business slowly while still maintaining the lifestyle you had before until you begin to see profit in your business
For whatever route you choose to take or the combination thereof, what matters is doing what makes it easy to pursue and attain your dreams of being a stay at home mom who is doing what she loves and at the same time taking care of your loved ones.

Do you have any other Pros and cons of starting a Home Based Business versus a work from home Job? drop your comment below

13 offline Home Business Ideas (Work at Home)

Work at Home
13 Offline Home Business Ideas

I know that I champion starting home businesses that are solely run online, but I am also aware that a variety of skills could sometimes mean that one does not have the passion or skill to pursue an online business. That is where the offline Home business comes into play.

While you can start a Home Business that is basically offline like the ones I will mention below, you cannot afford not to market it online. This because marketing your business online and giving it an online presence even if its just a FaceBook page or an Instagram page will ensure that you succeed.

You can start these businesses at home but they require more local work with individuals or going to other locations with your home as the base. These positions are often just as lucrative as the online businesses but require a little more infrastructure or hands-on work.

Handbags on Bonanza Marketplace

Here are 13 businesses you can do as an Offline Home Business.

-In-Home Childcare Provider – If you have a big enough home you can use a portion of it to provide childcare. You can make from 100 to 200 dollars per child depending on your location and the age of the children. You will need to get a license for your state before you start. The good thing about child care is that once you provide good services, you can make more money because word travels about your business and provides you with recurring income.

-Event / Wedding / Party Planner – If you like planning parties from birthday, to weddings, to anniversary or other events, you can make a good living doing it. You’ll need to make connections with caterers, bakers and others who can help you with the parties. You’ll manage everything and put it all together and make sure nothing goes wrong.

-Music Teacher – If you are good with music and know how to teach people to play an instrument, sing, or perform you can become a music teacher from your home. You may need to get a background check to work with kids if the parents are going to leave.

-Soap Maker / Jewelry Maker / Knitter – Making artisan soaps, jewelry, knitting, crocheting and selling the creations at your local farmer’s market, thrift store and even online at a store like Etsy.com is a great way to earn more money in a business of your own. If this is your passion and you do not know how to start an Etsy shop, read my post on Guidelines on starting an etsy shop

-Public Speaker –Do you have a motivational story to tell, have you achieved success that you can help others achieve? If so, you might consider becoming a public speaker. You can get on various speakers lists and make quite a good living speaking. This requires travel, so it’s not working “at” home but your home can be your base.

Copper Home Ornaments by Amara

-Seamstress – If you can sew, you can create a business in a variety of ways from making custom-made clothing or purses to alterations. You can sell online and locally to custom shops by offering a percentage of sales to local boutiques.

-House Cleaner – It might not be romantic but there is a lot of money to be earned in the housekeeping business. People need help due to their busy lives and you can provide that help. You’ll go to their location to do the cleaning, of course, but you can run everything else from your home office.

-Backyard Gardener – If you have at least 1/2 an acre, you can start gardening as a business. You can grow salad vegetables, herbs and more and sell them to local restaurants and even some grocery stores, or set up a stand at your local farmer’s market. If you live in the right location you can set up a stand right there.

Bebe Fashion Accessories

-Pet Groomer – If you love pets, you can clean them and groom them so that they look good. You can do this right from home if you create a little grooming shop in an extra room. Check your local laws to find out the rules of regulation.

-Personal Chef – Do you like cooking special meals? If so you can do that for people in their homes. You shop for the ingredients, cook them in the client’s house, and then freeze them in labeled containers for the client to heat up later during the week. If baking is your passion you can take a look at my post on how to start an online baked goods business.

-Furniture Maker – Have a knack for building things with woodworking equipment? You can create new items from scratch or you can refurbish and then sell older items. This business can be quite lucrative and start as a hobby. if you like to refurbish old furniture and resell it, you may find that eBay is your best bet for selling your refurbished items. often you will find that you may find old and discarded furniture which you can repurpose and sell for a profit. Take a look at my post to see places where you can re sell used items.

-Landscaping Services – Got a lawn mower and some equipment you can start a landscaping business. Even if all you do is mow lawns and edge them you can earn a good living during the season. You can easily make 30 to 40  dollar an hour.

-Interior Decorator – If you have a way with color, staging furniture and making a house feel like a home you might want to start an interior decorating business. You will earn money based on the total budget so you’ll need to be good at getting discounts from suppliers. Another interesting thing about this line of job is that you can earn money from designing the Home and picking our the materials needed while you outsource the main job of actually implementing the design to someone else.

That way you are able to get more time to put into your creative passion of designing the concepts.

If you want a good place to get very good decorative pieces for your home design projects then consider looking at Amara a business that deals with Home decor accessories, they feature different categories of Home fragrances, Lighting, bedroom kitchen, and other decorative accessories that make a home look beautiful. They have great goods that are currently on sale. you may want to check it out here.

Duvet and Soft Furnishings by Amara

Want to learn about 10 more business Ideas for the fall season, click on this post.

H&M Fashion

Hopefully, these ideas helped you think of something you can do from home. Being a mom is a difficult job but if you can do something to earn money as a work at home mom it will make everything a lot easier. No need to commute to work, buy expensive clothing, and in some cases, you don’t even need child care.

At the very least, you’ll be able to work around your children’s schedules so that you can have a better-balanced family life.

Do you have any more Ideas for offline home business ideas, leave a comment below?

Visit our online shop today for our Black Friday Deals. Click Here.

b0d77aad8dfd9ddec9acc15a78876b317757b0c527d36d8034

10 Online Marketplace where you can sell(with high shopping traffic)

Online marketplace to sell your goods
10 online Marketplace where you can sell your products

If you are a follower of my blog you will know by now that I am someone who is passionate about starting home businesses from the comfort of your home. In my older posts, I have explored different ways you can give expression to the Idea of starting a home business. You can check my post on Drop-shipping if you are interested in reading more or my post on how to start an Etsy shop.

While I have always recommended starting a shop, nothing beats the flexibility of online marketplace. It gives you the opportunity to stay at home and showcase and sell your products to the whole world. I have delved into the individual online marketplace like Bonanza and Etsy but today I am going to be exploring the 10 different online marketplace you can sell on in other to have a thriving and successful home business.

I know that many people know the online marketplace giants  like Amazon, Ebay and Etsy  I will leave it and go to the less known but also popular and unique online market places this will make it easy for you to make a decision as to which one you would like to start with. As you read through, you will be able to make a decision based on the online marketplace you like most.

Elegant Crossbody Bag with Lock in Flap.

1 Rubylane

Rubylane is an online marketplace where you can sell Vintage, Handmade , Antique, Artisan or Upcylced items. They feature different categories like Jewelry,Dolls, Fine art,Furniture and lighting, Glass decors,Porcelain and Pottery, Vintage fashion. Etc.

If you are someone who loves to hunt for vintage and antiques that you will like to resell, then this may be the ideal place to open your online store and sell such items. When you open the online marketplace you will notice that their items are quite pricey, of course it denotes the quality of what they have to offer so you can judge how to position your shop. It costs about a 100 dollar for the first time set up fee, they also charge various fees for the different categories of items. Click here for further details.

The good thing about this online marketplace is that they enforce MAP(minimum advertised price), this means there is a threshold to which you can price your products, this prevents unnecessary price wars and helps ensure that every one has a good price fro their products.

2 Wanelo 

Wanelo is like your  average shopping mall,you know the Macy’s of this world, only that it is online. It is an online marketplace where people can apply to sell their goods, it features basically fashion items and has about 350,000 stores on it.

The good thing about Wanelo is that you have independent sellers and also Fashion brands who open stores on their platform. Wanelo was opened in 2012 and has listed about 30 million products. Millions of shoppers use Wanelo as their place to shop for items they love without having to set foot in a brick and mortar shopping mall. They can shop from their different brands and combine all into one shopping cart. Kind of like your regular Polyvore without having to visit each shop independently.

You can apply to sell on Wanelo by installing their sales channel, this costs you nothing. Your shop is then sent in for approval, once approved you can begin to upload pictures  of products you wish to sell. The Wanelo systems charges you 15% commission for every order fulfilled and will also help you sync your products from your shopify store in case you already have one before you went to sell on their online marketplace.

3 Zibbet

Zibbet is an online marketplace that features basically handmade items, it is like an alternative to Etsy if that suits you. They have different categories like Jewelry, vintage items, soft furnishings, supplies, home and living, kids, photography, Fine art. Zibbet online market place is unique for the following reasons

-zero listing and sales fees

-standalone shop front

-Easy set  up and seamless integration

-Offer promotional tools and also have effortless and seamless order fulfillment options

-They offer advanced tracking analytic and can also import your Etsy listed items

-You can have your own custom domain name and they also offer multi currency support.

If you are a stay at home mom who love handmade and crafted goods, you may consider this as an answer to your prayer of getting your goods out there for others to buy. They offer you the easiest way out with listing of unlimited items for no fees. Its something one should consider. It’s a good alternative to Etsy if you feel that Etsy is so big that your items will not be noticed if posted there.

Zibbet has about 54,000 online stores currently on its online marketplace.

4 Sears.com:

I know when you think of sears you are seeing a brick and mortar shopping mall, scratch that  sears is online and is currently offering individuals who want to sell an online marketplace where they could sell their products just like Amazon does. It also offers fulfilled by sears, just like you have Amazon currently doing.

All you have to do is sign up in their online marketplace and you are good to go. Sears takes its payment after you have made a sale. You can read up on this on their page, if it interests you.

Poncho Shawl for womenr
Boho Styled Warm Poncho

5 Artfire

Artfire is an online marketplace where crafters and sellers of handmade goods can showcase and sell their goods just like you would on Etsy. It features different categories of items like Jewelry, kids, wedding, home and living , clothing and accessories and also entertainment. It’s a great alternative if you seek to showcase your goods on a smaller platform where you feel your goods will gain more buyer attention. One of the good thing about this platform is that it has no listing or selling fees, it also features a well developed online community forums, because people who visit Artfire are looking for specialty items, they are more likely to buy from the shops on the platform.

6 Flipkart:

Flipkart is an online marketplace that is founded by Indians and available for all to sell on. Gist has it that the founder was refused an immigrant visa in the US after schooling there hence he went back to his home country and founded Flipkart. It’s a billion dollar  eCommerce giant much like Aliexpress and Amazon. It helps people who want to showcase and sell their products especially to emerging markets like India to do so.

7 Jet.com

Jet.com is a new online marketplace as compared to others that are listed above but it is making waves especially since Walmart said it will acquire it. So if you want to tap into a market place that will have the backing of Walmart retail giant, then now is the time to open your online store on jet.com.

It features different categories like Grocery, appliances, home decor, furniture and lots of other features which you can find on their online marketplace. Just picture your average Walmart store and you won’t be far from the truth.

You can start your online shop on this platform by applying and once your application is approved you will be allowed to set up your retail portal on their platform.

Benefits of this platform is that its that they help you manage your competitiveness and profitability via their search engine optimization.

 

8 Toucandeal.com:

This is an online market place which is a bit new but has the opportunity to list your items for free and pay a commission after you make a sale. The commission is usually about 10% of your total sale.

925 silver Earrrings
Fashion Earrings

9 Triple clicks.com :

Tripleclicks.com is an online marketplace that operates much like ebay because you can sell there, and also bid for items if you are a buyer. The fun part is that you can also play games and win prices on the platform. The listing fee is free and you can sell  unlimited number of items

10 Offeritem.com:

This is an online marketplace where you can sell things for free, there is no listing fee and they have the advantage of featuring your items on Bing shopping, Google shopping , Thefind and Shopwiki. Your products also gain exposure through their RSS feed and other social media button options that they provide to make sure that millions of shoppers find your products.

Do you have an idea of any other Online Marketplace where you can sell, please leave a comment below

Get Your Family and your Home Business on board like a pro.

Your Family and Your Home Business
Get your Family and Home Business on board like a Pro

There are a lot of myths about starting your own business, and even more about working from home as a mom. One of which is that it’ll be easy to always spend time with your family and your business will just run itself.

While eventually, you can set up a situation where that seems true, at first it might be a little tricky. As long as you go into it with your eyes wide open you’ll be able to create a business that works with your family situation. You really can have it all when you have your own business, but maybe not all at the same time. Just find a way to make it work, and you’ll be glad you did.

Whether you start a service-based business or a product based business working from home can be the answer to many of life’s problems associated with lack of work-life balance. You won’t have to miss parent-teacher meetings, family night, game night or anything else ever again if you have everything in place and your spouse on board with your idea.

Are you still thinking about how to choose the right work at home business that suits you, then you need to read my post on how to choose the right work at home business for you.

Here are some tips to help you run your business without jeopardizing time with your family and how to overcome obstacles that might arise.

-Rid Yourself of Guilt – One of the most important things you can do is let go of any type of guilt you have associated with working. There is nothing wrong with wanting to and needing to earn a living. It doesn’t matter if you start a business or work in a job, most of us have to work today and the children really will be alright.

-Be Realistic – Trying to work with a nursing baby can be hard in any circumstance. It’s best to schedule your work realistically around your family than it is to try to expect your family to accommodate you. There are times work has to come first, but if you set your schedule realistically you’ll find fewer times of having to juggle.

-Get Help When You Need It – Whether it’s an au pair, a nanny, a VA, or a housekeeper, get help when you are able and when you need and can afford it. There is nothing wrong with putting 2-year-old  in part-time preschool either. If you really want your business to succeed you will take the steps necessary to see that it does.

Wordpress Installation Guide
Start your Blog like a Pro.

-Create a System – When you determine what you’ll be doing for a business from home, it’s good to create a system just like you would if you worked at a job. Have a system in place that helps you keep track of what you need to do each day in order to earn the income you want to earn.

-Have a Plan B – Sometimes emergencies happen so it’s good to have a plan B. If you thought you were going to put in 4 hours of work the day your three children come down with the flu, then you’re obviously going to have to put that off. If you build in extra time to every deadline you create you’ll easily be able to create a plan B.

-Schedule Everything – Use a good calendaring system to schedule everything including work and family time. If you want to have lunch with your girlfriends on Tuesday at 2 pm for a couple of hours, you must schedule in that time including travel time. If you want to spend the morning with your daughter watching movies, schedule in.

-Date night with your husband, schedule it. Everything from cooking meals, to laundry, and all that you do – schedule it in and add in some extra time to make up for errors.

-You’re Not Martha Stewart – Guess what, it’s okay that you’re not MS, in fact she’s not even MS; she has an entire staff to help her be amazing. If you don’t yet have that staff let some things go. Perfection is not necessary to be successful at spending time with your family and making your business work.

-Take Time for You – One of the most important parts of the happiness equation is to always take time for yourself. Just like you put the oxygen mask on yourself first in the airplane if something goes wrong you must take care of your needs before you take care of everyone else’s wants.

-Keep Your Focus – Avoiding shiny object syndrome is important when you work for yourself at home. It’s easy to get your mind turned onto the next big thing instead of focusing on the business you decided to start. Make it a practice to only devote about 5 percent of the time you’ve set aside for working on new ideas outside of your niche.

-Get the Family Involved – Having a home business can be hard on the family too sometimes. This is especially true when you spend long hours in front of your computer creating products and performing services. Your family wants to be involved. If they can’t help you directly with work, ask them to help with household duties. You can pay your children a larger allowance now that you are earning an income.

-Accept Your Children’s Ages – When children are under 4 years old it is much harder to schedule time for working a business without childcare help of some kind. Whether that is your spouse chipping in more or hiring a teenager to help is up to you.

-Make Your OfficeChild-Friendly– You can’t expect your children to stay out of your office at all times. It’s just not realistic for a family. Instead, make the office child friendly by making it safe and also friendly. For example, you might put a playpen in the office with toys for your toddler to play in safely while you work.

-Take Time Out – Young children cannot focus on one thing for too long, so asking them to be quiet for an hour might be too much. But, you can set a timer for quiet time, set up a movie, and then when the timer goes off spend some time jumping around and playing directly with your child. They’ll soon understand that if they’re good when the timer is on they get one-on-one time with mommy when it rings.

-Expect Sick Days – Be prepared when you or your children get sick. If you have deadline focused work, build in extra time and never put off work when all is going well to stare at the TV or play on Facebook. When you have a family you need to work when you can so that when something happens you can be there for them.

When you set an intention to do something and to make your business work you will succeed. Don’t just leave it all up in the air, instead, create a plan of action and follow through.
SABON

Change the Way You Think

To be successful in blending your family with working from home in your business there are many ideas you may have had that you’ll need to let go. There are many different work from home myths that you may realize aren’t really true as you work toward changing the way you think.

-Let Go of Pride – Never be afraid to ask for help from your family and friends. If you need some quiet time to get some work done you’ll need to ask your family to do it so that you can get the work done for the sake of your business.

-Let Go of Even Stevens – You’re not going to spend 50 percent of your time on your family and 50 percent of your time on your business. It doesn’t work that way. Some days you’ll spend more time with your family and others more time with your business.

-Let Go of Self-Sacrifice – You don’t have to put yourself last to have a successful work from home business and a successful family life. You need to put yourself first when it has to do with your needs. Some needs are exercise, nutrition, socialization, and alone time. If there are issues that you struggle with as a stay at home mom, then read this post on 6 things that a stay at home mom struggles with. You will get ideas on how to overcome such issues and get to the place where you are giving your best to your family and business.

-Let Go of Traditional Schedules – In most cases, when you have a work from home business you don’t have to work traditional hours of 8 to 6, instead, you can work full-time around your life.

-Let Go of Traditional Ideas of Work – When you start a work at home mom business the work that you will do may vary, you might earn as a blogger, a YouTube star, or as a fitness coach. The sky is truly the limit and only your imagination can keep you from making money online in your own business. Sometimes learning that a combination of different ways of making money online will help you to achieve your financial goals. For more on this read my 5 posts that teach you how to make money online

-Let Go of Distractions – When you first start working from home it’s difficult to let the distractions of home fade into the background so that you can get some work done. But, if you practice doing it every day it gets easier to accomplish. Just do it every day and before you know it, it becomes a habit.

-Let Go of the Idea of Overnight Success – While you will experience success quickly if you craft a plan of action and stick to it, it won’t be overnight. For example, it can take one to three years to earn money as a blogger, shorter to earn as a service provider such as a graphic designer or virtual assistant. Many people combine both types of business to get started fast. if you want to learn how to combine various options of business in other to get a successful business, learn how I did it by opening an online store right after I started my blog.

You can’t let any of the myths stop you from working your home business and becoming successful. Just because you won’t become super successful overnight, it doesn’t mean that you aren’t going to be as successful as you want to be eventually with the right plan of action.

Playing owl rocking stacker for 6m+

Getting Your Spouse on Board

Sometimes the biggest impediment to starting a work at home mom business is your spouse. Try to understand that your spouse may not have been exposed to the information that you’ve read and may only know about the myths of working from home and not the realities.

They may see it as just a hobby and not enough money to provide the family with what they need and that might scare him. It’s up to you to get your spouse on board with your new venture in a good way so that you have the support you need to be successful.

-Schedule a Serious Meeting with Your Spouse – The first step to getting your spouse on board is to set up a meeting without distractions. You can go out to dinner to a place that is easy to talk and has wireless, or you can do it during a time the kids are sleeping or with the grandparents. However you do it, you need to avoid distractions.

-Remember, Timing is Important – Don’t hit your spouse with a business idea when you’re in debt, when things aren’t going well for him at work, or when the timing is all wrong. Talk to them when they’re in a good mood and ready to listen.

-Secure Financing – For a home based business you’re not going to need as much money to start your business but you will need some. Get the numbers down on paper so you can explain to your spouse how you’ll accomplish your goals.

-Compile the Research – It’s important to do your research in advance and know exactly what type of business you want to start before approaching your spouse. Put it all in a PowerPoint slideshow so that you can show him how serious you are and exactly what you need to get started and the projected income.

-Put All Your Cards on The Table – Explain to your spouse how much money you can make, how many hours you will need to work, and how this will affect your family exactly. If you lead with doing it for the kids, and for the family, you may get him onboard faster. Some spouses get on board faster when you show them the money first though. You’ll need to be the judge.

-Plan Together How To Make It Work – When you get your spouse on board you can plan together how to get the business going in the early days. Perhaps he’ll take care of after dinner baths and bedtime while you get some work done.

-Set Priorities Right From the Beginning – The entire point of starting an at home business is having more family time, yet earning enough money to support that goal. Ensure that you and your spouse are on the same page regarding family time and the importance you place on things like childcare and housework versus quality time together and earning money.

When you come to your spouse with a realistic idea, set goals, and the financials all in place they’ll be impressed enough and take you seriously enough to give it a shot. You must be very precise about what you need to make it all work. Don’t take it all onto yourself to get the new business to work without any help from your spouse. Do it right from the start and you won’t regret it.

Working at home can be very rewarding and lucrative. You have to be realistic, but you should also dream big. Make big goals; keep them super specific, and then craft a plan to make it happen. Schedule it all in your calendar, then stick to the plan and soon you’ll be a very profitable and happy work at home mom.

 

 

 

 

How to Choose the Right Work at Home Business

How to choose the perfect work at home business for you
How to choose the right work at home business

How to Choose the Right Work at Home Business for You

Creating a work at home business is a great way to balance your family life with your need to earn money. But, you need to seriously sit down and figure out whether you want a product based business or a service based business.

Both product and service based business sell a product but in one case the product is tangible and in another, it’s a skill. In order to determine that let’s look at some differences between a product based business and a services based business.

Product Based Business

When you sell a product it’s usually a tangible item but with the advent of the Internet and digital products, the lines are being blurred. Today, you can offer digital products, courses, books, blogs, videos and information as your product as well as products you can touch like jewelry, art, and so forth. Don’t get tied up in thinking you must create the products. You can become an affiliate or reseller for the right products. To learn about affiliate companies that will easily accept you when starting out, read my post on affiliate network that will accept a newbie blogger.

Services Based Business

When you deal in services the client puts their faith in you and perhaps your staff to perform the services they hired you to do, depending on your skills and experience. These are things like bookkeeping, architecture, legal services; virtual assistance, graphic design and coaching services are all service based business.

You can combine both a service based business model with a product based business model on the Internet and have the best of all worlds. For example, you can promote a book and a course as a life coach offering your coaching services as your higher priced product over the books and courses.

In order to determine what services and/or products you want to promote in your work at home business take the time to do your due diligence.

-Make a List of Your Skills – It’s important to do an inventory of your skills. The first thing you need to do is to write down a list of what you already know how to do. Do you have computer skills, people skills, and knowledge that you can share with or teach others?

-Determine Who You Want to Work With – Do you love a certain group of people and what they do or what they stand for? For example, perhaps you are currently a paralegal at a law firm and you enjoy working with attorneys and helping clients who are dealing with divorce. You can still do that with your own work at home business. It’s important to identify the exact audience you want to work with whether you’re going to promote products, a service or both.

-Make a List of Things You Can Do for Your Audience – Once you have your skillset and audience determined now you can start figuring out how to solve their problems. Identify their pain points of the audience you chose, narrow it down to two or three pain points and then figure out how you can serve them.

-Match Your Skillset with the Services – A key in choosing products, creating products, and offering services is to match your skill set with what is needed to solve the pain points of your audience. When you take the time to do this you’ll find that your work at home business is going to be more successful.

Finally, once you’ve chosen your audience, and your niche within that audience and whether or not you’ll have a product or service based business (or both) you’ll have some other things to work out too. Ask yourself the following questions.

For more on choosing the right niche, get my Free e-book

How Much Startup Cash Do You Have?

The type of business you choose will be affected a lot by how much cash you have to get started. Service based businesses are a lot less expensive to start, depending on your skill set.

Digital products don’t cost much more to develop either, again depending on your own skills and whether or not you’ll need to outsource some of the work such as website design or product creation.

You can start a work at home business for relatively little money compared to a bricks and mortar business. You don’t have the high rent, utilities and so forth to pay for like a bricks and mortar business. Therefore, your startup costs can be a lot lower, but you still have startup costs.

-Business License Fees – You need to get a business license in most states and counties in the USA to run a business from your home. Usually, the cost is very low, so don’t allow yourself to be afraid of finding out the costs and rules in your area.

-Technology Costs – You may already own a computer and the technology that you need, but you may need to invest in some extra software too. Today you can “rent” software on a monthly basis which makes it a 100 percent write off like other direct expenses. For example, it costs $9.99 a month to rent bookkeeping software through Go Daddy. That is a cost you can write off as an expense.

-Contractor Fees – You may need to hire help such as marketing professionals, virtual assistants, web designers and others to help you get started and maintain your business.

But, there are also deductions you can count on when running a business from your home. If you can set up an exclusive area of your home to be the home office you can get quite a large home office deduction that makes everything even less expensive when starting a home business because these expenses you can deduct won’t go up, such as utilities, electricity, internet and so forth.

Another way of determining how much it will cost you to start up is by writing a one-page business plan. You can read how to go about that in my post: you don’t need a 100-page business plan to start one. In that post, you get a free template you can use to write your plan down.

Divi WordPress Theme

Do You Like Being Upfront or Behind the Scenes?

Some people love the idea of their work at home business being all about them. They name their business with their own name, they are the business. This is common with life coaches, public speakers, and even doctors. They are the expert and the name behind their business. Others prefer to be more behind the scenes and not be a household name.

There is no right or wrong answer when it comes to this. What matters is that you are happy with your choice. Don’t try to push yourself into a position that you don’t like because it will make it hard for you to want to work your business each day. Be honest with your assessments about your tolerance for publicity.

Do not think that if you’re an introvert you can’t create an amazing home based business, you can. The Internet is the perfect place for that. Some very famous introverts are J.K. Rowlings, Bill Gates and Warren Buffett. While they didn’t directly start an “internet based” business they all started at home.

How Much Time Do You Have to Devote?

Another important factor is the time it takes to do a business. A service based business essentially trades hours for dollars so you’ll need to have enough hours at a high enough rate to make the money you want to earn. With a product based business, you may be able to earn more without considering the hours as much.

However, with a service based business, you can earn money faster which is why combining a product based business with a service based business is a good option for many who need to start earning faster. For example, you can start with a book, and then offer a service described in the book. This works great with life coaches.

Answering these questions will help you identify what you can realistically do as a work at home business.  Once you identify the niche, your resources, and narrow down what you’ll do to earn money in your work at home business.

In addition to these questions, it’s important to understand what goes into the business you want to start and that you have the skills necessary to do it.

Do Your Due Diligence

It’s important to check your facts before you get your heart set on any one business. Once you’ve matched your skills with your audience and identified their pain points now you need to dig in and do some more research.

-How Many People are In Your Target Audience? – This is an important question to answer because if there aren’t enough people in your niche to be profitable then you may need to choose a different audience. If you need to earn 100K a year, you need to know how many people you need to sell to.

-What Price Point Can Your Audience Afford? – In addition to how many people are in your target audience, you need to know how much they can afford to pay for your potential products and / or services. What is your offering worth to them and can they afford to buy them?

-Can You Earn the Profit You Need? – Based on the numbers can you become profitable? This is such a huge issue when starting any business. You have to perform an analysis, called a S.W.O.T. analysis, which stands for strengths, weaknesses, opportunities, and threats.

Don’t leave a stone unturned in your research to choose the right work at home business. You need to know the good and the bad of each choice that you make before you even get started with your work at home business. While doing your research, consider making use of my Resource library.

Other Things to Consider When Starting a Work At Home Business

There are so many things to consider when choosing a Work At Home business to start. Because you don’t just want to start, you also want to earn a living at it. Outside of the logical things to consider mentioned above there are some emotional factors to think about.

-Do You Feel Passionate About Your Niche? – When you have your own business you have to be willing to live it and breathe it. If you don’t like it, and don’t have a true love for doing it, whatever it is, you will not be happy doing it and you’ll likely not devote the time and effort needed to make it successful. Ensure that your choices come down to something you feel strongly about enough that you can envision yourself doing it every day 40 or more hours a week, happily.

-Does It Match Your Value System? – You may not realize that you even have a value system. But, when you start thinking about the type of people you’ll work closely with in the new business, and their values and moral code, you’ll soon realize that it does make a huge difference. For example, let’s say you want to start a paralegal business from home. Do you want to work with lawyers who defend criminals or who help people through a divorce? If either of these ideas goes against your value system you won’t feel good about it.

-Is it Viable Long-term? – A huge issue with any business is determining whether or not it’s a short lived fad, or a trend, or whether it can hold up long term. There’s nothing wrong with cashing in on a trend, but you want your main business to stand the test of time and last for the next ten or twenty years.

-What’s Your Exit Strategy? – When you work for someone else, you have an exit strategy built in. You pay into social security and usually a company retirement plan and that’s how you live when you stop working. But, when you have your own business while you do pay into and can collect social security, you’re 100 percent responsible for the payments and setting up your own retirement plan. If you create your work at home business right, you can actually sell it for retirement. It’s a real, viable business and you should think of it that way.

Developing a profitable home based business takes just as much work to start as a bricks and mortar business. You still have to do the work by the numbers, and meet the requirements of the law. Plus you want to actually like what you’re doing in the end. After all, it feels good to go to work if you like it, right?

Otherwise, it’s just going to feel like another job that causes stress in your life and makes you want to run away. If you do the work necessary to choose the right business for you, you’ll love it, feel motivated every single day, and end up happier in the end. You’ll have true time and money freedom with the right work at home business.

To learn how you can make money from your work at home business, subscribe for my Free 5 days training on how to make money from your WordPress Blog

Be Honest About What It Takes

When you start any business it’s important, to be honest with yourself about what it takes to get things done. Keep track of the time, money and resources that you use so that you can project your future needs. Keeping the books balanced will help you keep your business on track.

-Time Freedom – Knowing how much time you’ll really need to spend on your business is important. If you only have 2 hours a day to spend, you’ll need to ensure that you pick the right business to be in.

-Money Freedom – Keeping track with a bookkeeping system is important because if you don’t have money to pay your taxes and expenses you’ll go out of business.

-Personal Freedom – One of the best things about a work at home business is that you can adjust the time you spend on your business so that it works better with your life. However, sometimes you have to put the business first. If you always choose family and friends over your business, your business will fail.

By understanding the myths about working at home, you know – the sitting on the beach with your feet in the sand while your business magically generates millions of dollars is a fantasy.  Now you can set up a more realistic business model that will be successful for you.

Marketing Matters

No matter what type of business you choose to run from home, don’t be shy about it. Once you make the decision, be proud of it. Tell everyone you know about your new business. Teach other people about your working hours so that they respect your time, project the type of professional image that you want people to see you as, and don’t hide. For doubters, show them the money.

-Website – Home based businesses even more than bricks and mortar business need a website. That is your storefront. You need to create an awesome storefront to market your business.

-Business Cards – Make some business cards to help you get the word out in person and locally. You can put business cards on tables, bulletin boards and in the hands of people you meet every day.

-Networking – Don’t forget that you can network online too with social media groups and forums. You don’t have to walk up to someone in person; you can instead engage people online to network.

Running your WAH business can be very satisfying if you go into it with your eyes wide open. Determine the best business for you based on facts, not myths. Craft a plan of action to get your business up and running and be proud that you’re a WAH business. After all, if you plan it right, you’ll have the business of your dreams plus the time to enjoy your life.

If you desire to learn more about different work at home business ideas why not read my post on 5 posts that teach you how to make money online

If you loved this post, please share with your friends and leave a comment below.