Free Tips And Resources For Starting Your Home-based Service Business
This new trend is leaning more towards businesses operating out of the home
. They are becoming increasingly popular. This is because they actually require lower overhead and not much if any start up money, this makes them easier for entrepreneurs with limited funds. If you are thinking about starting a home-based business, here are a few tips for getting started.First of all lets answer a key question....
What is a home based business that offers services?
Service businesses are those that provide help to others, some kind of, any kind of service. This can be anything from mowing the lawn to managing business accounts. Basically whatever you have done for yourself, friends, family neighbors and pas employers Including other talents and skills you may have. The basis of a successful service business is one that supplies a need, any kind of a need you can fulfill. In your area, it may take some research to discover the top service needs and then figure out which one you can provide. But with some diligence and persistence you will soon see what these things are.
Benefits of a home-based business that offers services:
There are actually several benefits to running a business at home that offers services to the public. First of all, obviously you can run the business from your home or an office or shop or wharehouse on
your property or that you rent like any other brick and mortar company.
And this can be different benefits to different people and yet similar too. Since you already pay a mortgage, utilities and car payments, the only thing you need to spend money on now is the equipment for your business.
And, running a service that began as a hobby means you already own most of the needed equipment.equipment and resources you will need, more than likely it is something you enjoy doing, which is key. Or at least you dont mind doing it.
Secondly, a business you operate at home that offers services typically requires low overhead and start up costs. We alluded to the start up costs above and the low overhead means no
employees but you. The key to truly keeping your overhead as low as possible is taking on only as many projects on as you can safely and efficiently handle by yourself. Of course as time progresses you can always hire an employee or more, or hire out the work through outsourcing etc.
Home operated business that provides a service benefits:
As we mentioned, you can usually run these home operated services as a business out of your home.
And really and truly establishing a website for selling your services lowers the overhead even more and maximizes your profit. With the Internet as your potential customer base, the opportunities are endless for marketing and finding clients. Here are some home-based service options.
Now being a Virtual assistant has taken off in a big way in the last ten years. Using a computer, fax machine, telephone, and Internet access, you can perform various administrative duties for large and small companies. You are paid for the work that you do so there is no extra charge for the company. Virtual assisting skills run from transcription to accounting to managing email and company websites.
Transcription by itself can be a profitable venture. Medical offices and business people are always in need of someone to transcribe their audio or video files. It is far easier and less time consuming to record an interview or dictate a medical procedure. Your job will be to turn that file into a document for patient charts and online use by various businesses.
Ghostwriting is the process of writing articles, novels, e Books and more for an individual or a company. Using your writing talent, you can make a lot of money creating literary works (print and electronic) for others who need them.
Just A Few Of Many Getting Started Tips:
There are some considerations before beginning any type of business even a home-based one.
Check out the local laws for registering and zoning for a home business. Most home businesses require no zoning issues unless you will be meeting clients in your home and posting signs in the yard, etc..
Small business tax laws. Now that you are a business, you are subject to different tax exemptions, deductions and payments. Sites like www.irs.gov can give you the information you need. But you should also go to your county zoning and planning board and get a business license They will also provide you with what you should charge for state taxes and when you should make your quarterly payments
Set up a separate work space at home. This could be as simple as using a spare bedroom or den with a door to keep your work separate. If you rely on the telephone a separate phone line can be added. When a workshop is needed, consider using a garage or purchasing a large outbuilding. It's important that you dont have to setup and take down your equipment each time you need to work.
Use on and offline marketing methods to find clients. This includes: viral marketing, newspaper and Yellow Pages ads, flyers and direct mailings, email marketing, article marketing, setting up a website and etcetera. And dont forget the very best method of attracting customers: word of mouth.
Create a schedule to divide time between work and family. Balancing both is hard. Scheduling time and sticking to it means more gets done and no one is slighted. Being disciplined in this area will keep you happy, sane and prosperous.
A home-based service business is an alternative for people who want to know entrepreneurship without spending a lot in upfront costs. If you have a talent and can meet a need, consider a home-based business.
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