make money online

As a entrepreneur and home based business owner, someone is always asking me how to start a home based business. I think starting a home based business is awesome. They have low overhead. Also, you become your own boss Also, you are building your dream instead of building someone else dreams. 69% of entrepreneurs start off with a Home Based Business.

There are several things you need to do if you want to build a home based business. First, you have to do research. You need to see what type of products you want to sell. You want to know if the products are in demand and if they are affordable. Next, you want to set goals and establish what is your purpose for starting a home based business. Next, you start planning and eventually start your home based business.

As a entrepreneur and home based business owner, someone is always asking me how to start a home based business. I think starting a home based business is awesome. They have low overhead. Also, you become your own boss Also, you are building your dream instead of building someone else dreams.

There are several things you need to do if you want to build a home based business. First, you have to do research. You need to see what type of products you want to sell. You want to know if the products are in demand and if they are affordable. Next, you want to set goals and establish what is your purpose for starting a home based business. Next, you start planning and eventually start your home based business.

Questions You Need To Ask When Starting A Home Based Business

  1. Is it Internet based? You can leverage on the internet to communicate, do business plan presentation,  automate service delivery etc. With the advancement of the technology, Internet based type of business become more and more popular.
  2. What business model do I use? If you want cut short the product creation time, you can use other people’s business model. Find a business model that is already working and proven. This will save you time and money.
  3. Do I get strong support? A perfect Internet home based business should also work life a brick and mortal  business in terms of support and training. Except the delivery of support is via phone, email or the Internet.
  4. What marketing strategies do I use? Every body know marketing is the key to doing any business. The difference is in the strategy. Some strategies work, some don’t.
  5. Do I have the tools available? Tools can save you time but not necessary save you money. There are numerous of tools which help you from doing competition research to product creation and delivery tracking, use tools to save your time. You have only 24 hours a day, anyway.

cheap zenegra tablet What You Need To Do To Market Your Business Online

  1. Keyword Searches
  2. Traffic
  3. Capture Pages
  4. Autoresponders
  5. Teleconferences
  6. Blog
  7. Business Webiste

How To Get Traffic To Your Online Home Based Business

  1. Write articleslike this one. Folks find the article and if it interests them, they may click on the URL at the bottom of the article for more information.
  2. Solo-ads. These are emails that are sent to people recommending your product or service. People are much more likely to take action when you recommend a product or service to them. Same goes for your online product or service.
  3. Pay Per Click. This is paid advertising where you pay Google, Yahoo, or Facebook to post your ad. Basically the provider charges you for each click. This can get very expensive, but it can also be the most productive
  4. Purchase Leads. You can buy leads (people who are looking for specific information) and send emails directly to them. However, be mindful to not be sending spam or unwanted information.
  5. Capture Pages-sometimes known as a squeeze page, it’s a one page website that provides a unique FREE offer in exchange for your name and email address. You get the offer when you sign up or opt-in.
  6. Autoresponders-An autoresponder is a program that sends a series of pre-written emails to those who opted in (prospect) through your capture page. The initial emails welcome the prospect and provide the free, promised information. Further emails entice the prospect to take action like call your teleconference or to buy your product or service.
  7. Blog Frequently
  8. Video Marketing: Youtube Videos

Benefits Of A Home Based Business

  1. You are your own boss. You can set your own schedule, re-channel the time spent in traffic to and from work every day, work the hours that are most convenient for you, and have time available for family obligations and leisure activities. You have flexible hours to schedule your time according to the needs of your family. Parents can easily attend their children’s school activities and be available for them when they are at home.
  2. Minimum investment and risk: Don’t cost much to get started
  3. Operating from home, a business can be run with minimum investment and exited with minimum obligations and risks. And once your business is up and running, it is cheaper and easier to maintain than a separate business location.
  4. Tax benefits:There are a number of tax benefits having your home and office under one roof. Running your own home business can substantially lower your tax burden by allowing various deductions such as, business travel, office expenses, and internet and phone costs.
  5. Stress Reduction:Certain stress factors can be avoided when you work at home. You will have no daily commute, and being your own boss can reduce the stress you feel due to constant demands from a boss and co-worker interruptions. You will be able to relax and spend time with your family early in the morning and evening instead of spending it to and from work.
  6. No age barrier:A home-based business is open to all ages and walks of life, including students and retirees. Anybody with the required training can start a home business and be successful in it.

Tax Benefits Of A Home Based Business

  1. Vehicle Deduction

This IS the most complicated home based business tax benefit you get. It is also where most people get into trouble with the IRS because they didn’t correctly document their vehicle related deductions. If you are going to use vehicle deductions, I can not stress enough that you MUST document everything properly. Keeping a diary or travel log to track mileage, maintenance costs, etc. will save you time and many headaches.

How does the vehicle deduction work? Basically, you determine how much of the time you use your vehicle for your home based business as a percentage. You are then permitted to take that percentage of time and apply to the cost of operating your vehicle. For instance, if you use your vehicle 60 percent of the time for your home based business, you are permitted to deduct 60 percent of the costs of operating the vehicle.

  1. Meals and Entertainment Deduction

First things first, in order to take advantage of this tax benefit, you must have proper documentation. This primarily means you need to save your receipts and record who you spoke to about your home business. Normally, you will be able to deduct up to 50 percent of the cost, but make sure you check beforehand.

As long as it is related to your home based business and document the costs properly, you can also deduct up to 100 percent of the expenses of entertaining people in your home. You may come to realize the tax benefits are much greater if you entertain in your home instead of taking someone to your favorite restaurant.

  1. Home Office Deduction

This one of the more intricate home based business tax benefits, but it has the potential to save you thousands of dollars every year you own your business.

To claim the home office deduction:

  1. You must render significant administrative or management activities for your business out of your home. For example, you do your paperwork, make calls, do your training, and perform other business functions out of a set area in your home.  2. You have no other office where you conduct significant management or administrative activities for your business.  3. You must use a specific part of your home exclusively for business. It doesn’t need to be an entire room though. A particular section will do.  4. You must use this designated section regularly for at least 45 minutes a day, four or more days a week. The work hours must not be occasional or sudden.

What can you deduct? You are permitted to deduct part of your home, utilities, and part of the interest and taxes you pay that are related to owning your home. You can also deduct office supplies like new computers, printers, phones and furniture used for your home business.

  1. Travel Deduction

Did you know the Internal Revenue Code (Section 162) allows you to deduct “traveling expenses…while away from home in pursuit of a trade or business…”? As the owner of a home based business, you can visit family and friends all over the world and deduct some of the expenses associated with the trip. You just have to make sure at least half of the days of your trip are “business days”. Essentially, as long as you plan ahead and document properly, you can deduct a lot of the costs associated with traveling and vacationing… Every year. How is that for a home based business tax benefit?

  1. Medical Expenses Deduction

In order to take advantage of this home based business tax benefit and, you will need to employ your spouse and cover them with a comprehensive family medical plan. This allows you to deduct all of the costs associated with the your family’s medical expenses. But, there two important requirements in order to take advantage of this deduction.

The first is you must have proof your spouse has done actual work for your home based business. The second is you must establish a legal document called a “Self Insured Medical Reimbursement Plan.” Do a search on that phrase in Google to see what that entails. It’s pretty straight forward.

Frankie Muhammad

How To Start Home Based Business Video

 

 

[ninja_form id=1]

41 total views, 1 views today