Picking the right home based business is more than just finding the one that seems to offer the most company stability. There are quite a few factors that go into selecting a home based business and none of them should be taken lightly.First, don’t focus so much on finding the perfect home business or network marketing company to join. The trick lies in finding the best match for you. You should never go with a company that you aren’t sold on because you think it has the best compensation plan or the best potential income. You’ll burn out quickly and never be as successful as you could be if you took the time, from the beginning, to find a product you believe in and can really get fired up about.What are the keys to finding the perfect home based business?Viable ProductsCompanies that do not offer viable products are companies that are out to take advantage of others. You do not want to be associated with or have your good name associated with these types of home based businesses. A viable product or service is the first thing to look for in any type of MLM or network marketing organization.Of course you want a little more than merely viable products. You want products that you feel will change lives, inspire people, make the world (or the people in it) beautiful, or simply make people happy or more productive. Regardless of which, the product needs to be a real product that people can use and that has value.You want a product you can really believe in and feel inspired to share with everyone you come in contact with. That is infinitely better than the average product that many companies offer. A viable product and a product that you believe in will make you not only happy but also make you more financially successful. It does this because you can maintain your commitment and enthusiasm when you believe in your products or services.Company StabilityThe stability of a company is important but don’t let that talk you out of joining new or emerging network marketing companies. The truth of the matter is that as long as there is a solid business foundation in place, competent leadership within the company and the specific organization or branch of the company you happen to be joining, and a solid product, there is no reason that even new businesses can’t achieve great things. Getting in on the ground floor can be exciting and very rewarding.However, it is a wise course of action to do a little bit of homework about the company’s founders and the science behind the products being created. You don’t want to stand behind a product that you don’t understand. In addition, it’s never a bad idea to do a little investigating to find out as much as you can about any company you plan to join. You’d probably do no less with a brick and mortar business venture.Company stability is about a lot more than just how long the company has been in business. A few questions you want to ask include:• Can the company deliver the products and services sold?
•Does the company have a good reputation in the MLM community? How about its leaders?
• Is there any bad press about the company now or has there been in the past?
• Is the company in good standing with the Better Business Bureau?
• Where are the products manufactured and/or shipped from?
• Can the company make payroll?
• How well does the company treat the people who are building it?Don’t simply talk to the people who are trying to recruit you to join the company. Try finding those who have been in the company and left. Find out what they have to say about the company and its stability. After your investigation, draw your own conclusions from the good, the bad, and the indifferent points of view you may have heard.Compensation PlanThis is an important factor when you are considering joining a business venture of any kind. You need to know how, when, and why you get paid. You need to be able to understand this clearly. Some MLM companies have compensation plans that are so convoluted you need a personal accountant to sort it all out.Ask yourself these questions as you do your initial research:•Do I understand the compensation plan?
•Can I explain the compensation plan to someone else?
•Do I believe the compensation plan is generous enough?
•How long will it take to reach the next level of the compensation plan?The ability to quickly climb the ladder of bigger commissions and payouts is one that will help you maintain your motivation and reach new heights in your business but it’s all a moot point if you don’t understand the plan yourself or can’t explain itto potential business partners. We all know how frustrating it is to put in long hours for pennies so make sure you find a compensation plan that is generous enough to make your dedication profitable.Residual IncomeThe final thing that is the icing on the cake in a great home -based business is residual income. This is the one thing that makes all your efforts today pay off tomorrow and for many tomorrows to come. Residual income is making money off efforts of the past, whether those are your efforts or the efforts of others in your organization.Wouldn’t you like to be able to make a tiny percentage of the money that is earned from the efforts of 10, 100, or even a 1,000 other people? Can you imagine what that will do to your bottom line month after month? How about if that amount grows with time, attention, and growth within your company and organization? Residual income makes all that and more possible.Keep these four factors in mind as you look for the perfect home based business to meet your needs and you will be sure to find the perfect business for you – a home -based business you can believe in and be excited about!

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.

I am going to give you the steps I used to begin my online, home based business and it will take you less than an hour (being realistic). It’s so easy!1. Find a niche market you are interested in which you know has hungry buyers. Use Google AdWords Keyword Tool to find top keywords that you can base your site content on.2. Buy a domain name and hosting for less than $20 – I find the best value for a domain name is GoDaddy (coupons are available if you Google them) and Hostgator as a hosting provider (I recommend their ‘Baby’ package) for new home based businesses.3. The hosting provider will email you nameservers which you will need to change in your domain account settings. This means your blog will appear when you type in your domain to the browser.4. Create a WordPress blog which will be uploaded to your server. The reason I use WordPress is that it is incredibly flexible for getting top ranks in search engines and easy to update. They are also a great trust builder, so make sure you add some affiliate products for you to gain healthy commissions from buyers.5. Change the nameservers in your domain account for your home based business domain.6. For the topic which your blog relates to, you want to write articles or have them written. This really isn’t as hard as you may think as there is so much material out there already (just don’t duplicate other peoples content).7. Submit these first to EzineArticles (EZA) as they always rank best. Once approved, you can then create variations of the articles and submit to other article directories but in the resource box, always create an anchor text link pointing back (backlinks) to your main site. As you create more articles and backlinks, your site will rank higher and traffic should flood in.8. By now you should be making nice commissions from your home based business and people should be loving your blog, as you are feeding them with valuable information. Take advantage of this and offer a free report in exchange for their email address. You can do this by signing up to Aweber for an autoresponder. If people want your report they will opt in, submitting their name and email address. Once you build a list, you can promote other affiliate products and make even MORE money.9. Promotion is the key to any business success but the great thing about home based businesses is that you should only need to work at most 3 hours per day! It sure does beat 9 – 5! At your own will just keep submitting articles, bookmark your content at social media sites and promote in related niche blogs and forums.10. It really is that easy to start a home based business. Create a blog that sells affiliate products, promote the main blog page using articles and social bookmarking, then once the traffic starts to flood in, the blog will rank higher and higher, meaning more money!The most commissions come from being extremely targeted in the market you want to approach. So if you enter the body building niche, stick with that and do not sell products on how to spice up a relationship. People search online for specific things, so keep your blog specific to what you are trying to promote.