New Home Based Business Ideas – How Online Opportunities Enhance Success

New home based business Ideas? How about a home based business which you:

1. do not need to spend much time to set up?
2. do not need to spend a single cent as start-up cost?
3. do not need to spend a single cent to get the products or inventories for your business?
4. do not need to spend a single cent to market your product?
5. do not need to bear any risk if it fails?

If you answers are “Absolutely! Yes!” then you should start exploring online home based business. Follow the following simple 5 steps of new home based business ideas and leverage on the online opportunities to start making money online.

Step 1. Sign up for a PayPal account (an online opportunity to receive money from your customers without incurring any cost and without any constraint)

It will just take you a few minutes to sign up for a free PayPal account. Once you have a PayPal account you could start receiving money from your global online customers 24/7. Unlike the conventional business where you need to rely on the conventional banking systems to receive money from your customers and you may also incur account opening cost.

Step 2. Conduct Research for a profitable niche market (free online opportunities to determine who are your profitable customers for your online home based business)

Conduct your own online research. Visit ClickBank, Amazon, eBay websites. These are the online platforms for you to find out what products are ranked high or popular to determine your profitable niche customers. Leverage on Google AdWords keyword tool to confirm the popular niche markets for your home based business. A high demand niche market is the key to earn money online. All these researches could be done within a day and without spending a single cent.

Step 3. Source for a product for your niche market from the affiliate networks (free online opportunities to obtain the products for your home based business)

Join an affiliate program. It is a business model where you make commissions from promoting the merchants’ products or services through online means. You could get all the products for your niche market for free from the affiliate networks, for instance ClickBank, PayDotCom, LinkShare, etc. You could promote as many products as you wish. Affiliate networks are the free sources for the products of your online home based business.

Step 4. Create your own blog as a platform to market the products to your niche market (free online opportunity to have a store for your home based business without the need to pay rental)

You could create your own blog for free within minutes, for instance at Blogger.com. It just takes a few easy steps. In a matter of minutes you can start posting text, photos, videos, etc. to your blog. Post or write something interesting about your affiliate product on your blog. Place your affiliate link on your blog. Your blog will be your free online “store” for your online home based business. It is the platform for you to market your product and earn money online.

Step 5. Promote your blog and affiliate product through article marketing (free online opportunity to market your online home based business’s product to your online customers)

There are various ways to generate traffics or customers for your online business. But for a start, you only need to focus on article marketing.

You could sign up a free article directory account with EzineArticles, GoArticles, etc. Start writing 250-500 words articles about your niche market or your affiliate product. Alternatively, you may outsource the articles writing to the online professional writers. These articles will help you to generate traffics or to get online customers.

Remember to place your blog’s address at the resource box of all your articles. Your readers may be enticed to visit your blog and will find the affiliate products at your blog. They are your potential niche customers. This is an effective way for you to market your online home based business to your global online customers.

With the above mentioned online opportunities, you could start your online home based business within weeks or even days and at the comfort of your home. Your online home business could operate 24/7 and never stops helping you to earn money online. By using these ideas, you do not need to invest a single cent to start your home based business. This will certainly increase your profit margin. If you fail, you could easily start a brand new online business again at anytime and anywhere. With the power of World Wide Web, there is no geographical constraint for you to earn money online and you will have global customers for your online business. You should leverage on this online opportunities to make money online.

Now, are you able to see how these online opportunities could enhance your success? What are you waiting for? Join the bandwagon, take action and start an online home based business and start earning money online.

Home Based Business – Getting the Best Ideas With a Practical Approach For Your Business

A business idea or call it an inspiration, is the most critical part of setting up an entrepreneurial venture. It must work to meet certain objectives and requirements in order to be successful. A home based business must accommodate personal passion and potential for profits at the same time.

But before starting to develop research and plan, take you trim to develop a written plan. Get a spiral notebook or journal and write clearly: Why you want a home based business? What are some of your passions? Are you going into this primarily to make an income short term or long term similar to a retirement plan? Do you want to be mobile or work only from home? Do you plan on working totally alone: from handling paperwork, computer repair, office necessaries, taxes and research and advertising plan? Or will you prefer team approach or even employs?

Each has benefits and challenges? I for one do not use employees due to the paper work, but use independent contractors for the parts of the business that do not make me money yet are necessary, those areas I excel in and really give me passion I do, and fill in the rest with qualified people that offer their services.

Looking at any inventory or shipping of any kind will keep you working from home or having an employee to do that while you travel. It is a 24 X 7 responsibility. Choose wisely. Inventory also eats up a major part of your working capital. Also, is your plan for this to stay part time while you work or eventually do you want to develop a full time home business and let go of the JOB and all that go with it, like commuting, working when they tell you and earning what they think you are worth?

Pre-thinking and planning will help you make wiser decisions with your business ideas and the course of you home based business venture.

A business idea must be analyzed in a systematic and practical manner to gauge its prospects for long term entrepreneurial viability. High expertise in a given functional area can be utilized to devise a suitable product or service which has high demand in the market.

A knowledge based product or service can be a wonderful home business idea for individuals with the appropriate skills. The initial startup costs required for a knowledge based business venture can be very low. Yes, your knowledge will significantly lower your startup costs.

As we all know, an informed choice is always the best one. The knowledge based business opportunity can be pursued part time and later it can be converted into a full time venture. Passion and personal liking for work constantly adds to the prospects of success with a business idea. Individual work experience can help determine the right idea for starting a business.

A business must be analyzed in a systematic and practical manner to gage its prospects for a long term commercial value. If you come from a background with high expertise in a functional are, then it might be able to be utilized to devise a suitable product or service which has a high demand in the market place.

Starting from scratch with all your own ideas and products or services is on why to enter the home based business arena. Another is to work with a proven franchise that has high quality products, always in demand and consumable. The company should have an outstanding reputation in the community and excellent guarantees.

A knowledge based business is an excellent idea for a home based business if you have the necessary skills. How are you on what are called SEO techniques? If you do not know the term and what it means, then definitely work with a company that freely offers those skills and works as a team or your will likely finding yourself at the bottom of the business market. These types of businesses, of course, should be carefully scrutinized for integrity and business plan. What true help do they offer to help you build your business venture and fulfill you idea of what you are looking for?

Knowledge can certainly decrease your start up costs and expensive mistakes that can be made in the beginning. Be clear before you start your search as to what startup capital you have, how long can you go without income and your expectations. ALL businesses including brick and mortar take start up investment, money to run the business for an extended time and some back up capital for unexpected setbacks. It doesn’t matter if home based business or store front; you will invest time, money and energy to achieve success.

The following practical objectives must be fulfilled by a business plan in order to assure long-term growth of any home business venture:

o There must be sound demand for the product or service in the market. Consumers must find high value for your business and they must be willing to pay for it. The business products or services must also work to cater to the existing consumer needs which are consumable and always in high demand. Those that are seasonable are much more difficult to be successful in. They work better as a home based hobby business.

o Home based business ideas should work to target a niche customer market initially in order to move towards success. You can explore the wider market in the next level.

o The product or service rendered should have a strong value proposition and a competitive edge. The business idea must be flexible enough to accommodate positive factors all through business development stages which are pretty much on going.

o A product or service based business idea should be compliant with factors of competency and market demand. An over saturated market can be very difficult for the viability of a small business. At the same time, the range of products which face very little competition may often have poor market potential. You will need to make an intelligent choice depending upon the business market now and foreseeable future.

o The chosen business venue must accommodate the way of life of you, the home business owner. The requirements of time, travel and client necessities must be considered as well. Looking at the life style you want to develop, will the business plan if implemented with the business you are considering, work well? Example: If you want to be very mobile, travel a lot and not have employees, then staying away from a business that requires inventory and shipment is smart. Always go back to your reason for going into business. It must be strong in you planning stages so you don’t waver on your position.

o A business idea should not be pursued solely for monetary interests. A strong personal liking for work related to the product or service is essential. People tend to work for three reasons. First is for money, income. If that is your only reason you are they type that usually quits or skips from one get rich plan to another. Second is working for recognition and as silly as it sounds, some people will work so hard it is off the charts, just to be recognized. And finally there are those that work for a cause, something they really believe in. That could be both your product line and your business plan. These people rarely ever quit. When you are lucky enough to find a franchise company to join with or a business you want to develop all on your own that has all three, then you are truly blessed.

As you can see, thorough research and viability studies of the business plan must be carried out before initiating a home business opportunity. Consumer demand and buying trends in a market must be considered to devise an idea which accommodates the trendiest or most in demand and consumable product or service.

It is wise to have a strong business idea, backed by a well thought out plan and a mission statement. These must be pursued with diligence and perseverance in order to achieve success with your home based business.

Start a Home Travel Business and Profit From the Multi-Billion Dollar Online Travel Industry

Yes, it is true. You can make money online working from home and can actually make a lot of money if you work hard, stay focused and execute. You can build a home travel business and live the Internet lifestyle you always dreamed of by operating an online home travel business. This article will put to rest any misgivings you may have had about starting an online travel business. I will not sugar coat it. In fact much of what I have to say will probably cause an up-roar in some parts of the online travel industry. I am aiming to tell it like it is.

The TRUTH!
Who really Makes Money in Online Travel. The truth is that you can’t really make a lot of money reselling other businesses travel products. This statement is directed towards the home-based travel agent market. Yes, its easy to get started as a home-based travel agent and the online travel agencies can provide you with your own personalized white label branded website, including quality customer support but in the end you are NOT building a business, you are only paying yourself a salary.

Don’t be fooled.

I am amazed at the amount of junk that there is online out there catering to the make money online from home crowd, touting selling travel as the route to freedom and riches. This truth is probably the most important fact anyone will ever tell you if you are just thinking about entering the online travel business. Let me repeat this for you one more time.

It is difficult to become rich and build a company reselling other companies travel products. You can become rich over time by building a business that sells your own uniquely branded travel products. You can get rich and build a business if you “own the travel product.”

Owning the travel product means that you are contracting directly with travel suppliers under your company’s own contracts, you are not just reselling a travel product owned by another travel business, tour operator, travel agency or travel consolidator. Your business creates the travel product by doing deals directly with travel suppliers. Your contracts with the travel suppliers become your businesses own unique inventory for the travel products you will be selling. The new travel product becomes your own brand. Your online travel business sells the travel product directly to consumers online or wholesales it too other travel agencies, travel agents, tour operators and resellers.

The Home based Travel Agent Dilemma.
I know I am opening up a can of worms here by disclosing this information but it’s really the truth. My intent is not to knock anyone down but to provide insight into how the online travel business really works and to show you WHO is really making the money and how you can make real money by deciding from the get go to actually build a business.

Yes, if you want to make $20,000-$50,000 working from home then reselling cruises or popular travel products will be the best option for you but if you want to make real money, six or seven figures and you want to build a business that has real tangible value and can be sold later then you need to develop and sell your own travel products.

The Internet is NOT causing Travel Agencies too shut down.
I believe that the main reason that brick and mortar travel agencies are closing is not because of the Internet but because all they are really doing is reselling other companies travel products. The Internet contributed to the destruction of the traditional brick and mortar travel agency but the biggest factor in the down fall of travel agencies and travel agents in the travel industry is due to the fact that they are not selling anything unique or different from anyone else. It’s really a business model established to fail in the long run.

How do you own your own travel product? You can own your own travel product in two different ways.

1. Your business acts as a travel supplier providing tours, guiding, travel and tourism related activities or you own a lodging property.
2. Your business partners with two or more travel suppliers to resell their individual travel products under a unique package that you own.

What type of Online Travel Business do I need to start where I can own my own travel product, sell packages and build a real business?

-Online Travel Agency
-Online Tour Operator
-Online Tour Guide
-Online Travel Broker
-Receptive Tour Operator
-the Hybrid

Let’s discuss a little about each type. There are many directions you can go.

OTAs or Online Travel Agencies traditionally sell everything underneath the sun; including lodging, air, cars, vacation packages, and much more. On a hierarchy level of all online travel businesses, this would be the most expensive and most challenging type of online business to start. It’s doable don’t get me wrong it would just take much longer and be more expensive to startup.

If you second tier niche and focus on contracting your own lodging deals and contracting with activity suppliers you could easily build a smaller more focused OTA. Another option would be for you to utilize the Global Distribution System (GDS) for air, car and for lodging that you could not contract yourself. I don’t recommend this last option as you’ll be just reselling product you don’t own but as long as you can combine the non-owned GDS products with your own contracted travel products you could create a nice win-win for the bottom line.

Online Tour Operator’s sell dynamically packaged trips and pre-packaged trips to vacationers. I believe building an online tour operator business is your best option at building a successful online travel business.

Now let me first state that the name is a little miss conceiving because of the word “Tour.” There is a big difference from a tour and a trip. On a tour there usually is a tour guide or person leading the tour with the travel participants. On a trip the traveler is traveling by themselves or with other people but there is no tour guide involved. In the travel business they call this a FIT trip, Drive vacation or Fly-Drive package.

I favor selling trips, where the traveler buys a tour or trip product then attends the trip by themselves on their own time. The reason being for this is two parts.

1. You don’t have to be the tour guide and you don’t have to hire one either.
2. You have 100% more freedom by not actually participating in the tour itself. Just think of the time involved of actually going on a tour with a group or individual people.

We operated tours when my wife and I owned the Yellow Breeches House Fly Fishing Lodge and B&B. We ran fly fishing excursions with lodging and guiding. Guess who was one of the guides? Yes, you got it. Yours truly. I would not change the past for anything. I learned so much from being a fly fishing guide and owning a lodging property. I just wouldn’t want to run that type of business again. There are much better travel business models out there. That’s part of the beauty about this report is that I am able to share some true life, realities for you.

Sell Trips not Tours. This is the most important thing I can tell you regarding wanting to live the Internet life style and working from home enjoying the freedom that comes from owning your own online travel company. You won’t be living any Internet lifestyle if every week you are giving tours.

Online Tour Guide’s provide tours to individuals and or groups. If I didn’t scare you off from above that’s ok, the tour guide business is a great business and it’s easy to get started with limited investment. This is a great business to enter the travel business and starting learning about how to build a business.

If you love dealing with people and spending much of your time outside then this is probably the best travel business for you. This is serious work, day-in-and-day-out, as you are always outside in the elements. This travel business could be a stepping-stone for you to then go ahead and build an online tour operator business. I have a really good friend that owns a kayaking guide service. He runs eco-adventures that include island hoping for three to five nights. He just loves it.

Let me share a little strategy with you that will totally change the way you build or grow your existing tour guide business. Hopefully by now you’ll already see it and be way ahead of me but if not here it is.

Create packages for your tour guide business that includes lodging, meals and your guide or tour service. You probably sell trips, guiding and or tours as an hourly or day product. Take the next step and package in lodging and meals and maybe a third activity. Sell packages to your clients and you will super-charge your revenue in a very big way.

Example:
Take an existing kayak guide that sells day trips for $250 for 2 people. Now create overnight packages. Create a new product line for your business.

1. Contract with a lodging supplier to buy lodging for your kayak packages.
2. Contract with two local restaurants to buy dinners for your kayak packages.
3. Sell a 2 night, 1-day kayak excursion, with 2-dinners. Make money off the lodging, dinners and a 3rd activity and you can seriously start adding more profits to your business.

Online Travel Broker – this is a new business category I stumbled upon. I believe this is a type of business you could start with literally no money. It’s just a matter of understanding the travel business. Here is how an online travel broker operates.

Every travel supplier needs sales representatives. Your travel broker business contracts with travel suppliers to represent their business and help them sell more of their travel products. Many smaller travel businesses don’t have sales representatives. This may be your entry into the online travel business industry.

Let’s say you live in a resort town or area and there are 4 golf courses nearby or 3 ski resorts. You represent the travel supplier’s products, finding larger partners and or resellers that would resell or distribute your client’s products. This business is just a matter of finding other travel suppliers that need sales representatives and finding larger companies looking for new travel products to sell and distribute. You make money by earning a percentage of all future sales booked or earn a flat fee per contract you sign. This would be a great way to enter the travel business as a part-time business. You could start with not much investment and build out slowly.

Receptive Tour Operators receive inbound travelers from foreign countries. This is a B2B business (business-to-business). You build an Online Tour Operator business but you don’t sell your travel products directly to consumers or vacationers online, you sell your owned travel products to wholesalers or other tour operators in foreign countries that then resell them directly to travel agencies and the consumers in their country. If you live in a world- renowned destination area or region where foreigners come visit you can build a successful receptive tour operator business. The receptive tour operator business takes longer to develop as the buyers of your travel products will be other travel companies, tour operators and seasoned travel business won’t necessarily want to do business with a company that is new or just in startup mode. Adversity can be overcome though, through focus, determination and having an owned travel product that a wholesaler or foreign tour operator believes he can sell and make money.

The Hybrid – build an Online Tour Operator business that caters to individual vacation travelers. After the business starts selling trips and or tours, start building a Receptive Tour Operator business component.

I hope you have enjoyed a little insight into the world and possibilities of the online travel business and what it will take to start a home travel business.