Is Your Home Business Going To Make Money? How To

November 2nd, 2010 - 

Is Your Home Business Going To Make Money? How To Know In Advance

These days when most people are finding they need extra money, home businesses are more popular than ever. Organizations have stepped up to the plate providing what seems like thousands of new business opportunities to choose from.

Most promise you’ll make good money. More than a few outright guarantee you’ll get rich. Surprising numbers say you’ll never have to do any work.

I suppose it’s possible to get rich without ever lifting a finger, but I’ve never known anyone to do it — excluding lottery winners, of course.

With all these claims floating around, how can you know if the home business you choose will make money? There ARE some surefire ways to tell.

1. You must be selling a product a big group of people REALLY WANT. Notice I didn’t say a product EVERYONE wants. That’s not necessary. You’ll do best if you sell a product that just SOME people want, but you need those people to want it very BADLY.

Make sure you consider THE PRODUCT that a home business is selling. Too often, business opportunities focus entirely on the compensation plan. But at the bottom of every plan is a product that MUST sell, or there won’t be any revenue to fuel the compensation plan.

2. Don’t plan on learning your business all by yourself. You’ll earn bigger money faster if you have plenty of experienced help. Find a company that will give you upline or management assistance.

You’ll not only need step-by-step explanations of how to run your home business, you’ll need some personal encouragement to keep your enthusiasm up over the long haul.

3. This many be the most important point of the bunch. Make sure you have a way to get a non-stop supply of good, warm leads. Presenting your home business to your relatives and friends may work for a few weeks, but after a while, you’ll need new prospects.

This is where most home businesses fail. They spend money on buying leads and advertising, but soon find they don’t the results they expect through advertising.

Make sure your home business opportunity comes with a solid system for attracting new customers.

There are even more ways to ensure your home business is a good one, but using these three tips will take you miles toward creating a home business that produces the extra cash you need in a timely manner.

Why Aren’t You Using Freebies to Get More Customers?

November 29th, 2009 - 

Don’t you just love a freebie? I know I do.

I’ve been in two situations recently as a customer, when I received an unexpected freebie. After ordering my usual bagel and coffee at the Bagel Bar,
the girl behind counter offered me a free bottle of mineral water. I was about to ask for a glass of water anyway, so this came as a welcome surprise.

A few days later found me buying a steak at the meat counter in my local supermarket. I was having a chat with the guy behind the counter about the fact that there didn’t seem to be too much meat for so much money.

He obviously took pity on my miserable face when he said – “Tell you what sir, why don’t you have this other steak for the same price” and he slapped another one on top!

So what’s the customer service lesson here? The lesson is that most customers, love a freebie and if they receive one from a supplier it builds a positive
relationship.

As customers, we’re more likely to return and do business with people who give us freebies and we’re more likely to tell other people about our positive experience.

I once read a story article about a restaurant owner who would occasionally give people a free meal. When a group of diners or a family asked for the bill he would spontaneously announce that on this occasion they were his guests and they didn’t have to pay for their meal.

Can you imagine how these people felt – what they said to friends and work colleagues the next day? That free meal probably cost the restaurant owner a lot less that advertising in the local newspaper and it also brought in a lot more new customers.

The Law of Reciprocity states that – “If you give someone something or do something for them – they will want to repay you – to give you something.”

Why don’t you think of some little unexpected freebie you can offer your customers that’ll encourage them to return and also tell others about their positive experience. And while we’re at it – why not try the same thing with
members of your staff. Even your personal relationships – a small unexpected gift or an act of kindness can do wonders for any relationship.

Believe me, once you start to do this, you’ll have many more satisfied customers, happy staff and appreciative friends.