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Roadmap to Riches - Introduction: First Steps

Jan 9, 2008
Ever dream of owning and operating your own home based-business? Want to make money online, but you just aren't sure how to do it? Operating an online business isn't nearly as daunting as it sounds. With a little bit of research, you can find your niche and learn how to make money online while you work at home.


The first step for owning and operating your home business is to have a plan. You need to make goals for yourself and figure out how you are going to achieve them. Where do you want to be a year from now? Five years from now? How about when you retire? More importantly, how do you plan to get there?

If your home-based business is going to bring you happiness, you have to know what you want out of it. Would you like to retire early? Start planning! Setting goals is the only way you will ever start working towards accomplishing them.


The next step that will help you make money from home is crucial. You have to become an expert in your field. This will involve actively seeking out training, even if you already know a lot about your intended industry. You will start this training by calling people, looking up information on the Internet, and visiting the library. Perhaps you will even shadow a mentor and learn from their expertise. By the end of the process, you'll know you've done this step right when people in your field start asking you for advice. If your home business is going to be uccessful, you need to seek out as much information as humanly possible.


After you've learned everything you can, the next step is simple. You have to admit that you don't know everything. Whether your weak points are in bookkeeping, tax law, copyrights, or insurance, you are going to have to find people to help you. Perhaps you will want to hire an accountant so you can keep in good standing with the IRS. You may even want to consider a lawyer if your town has strict zoning laws. You will also need to contact a health insurance provider to make sure you have health care coverage once you become your own boss.


Your next task is to promote your business. You will need effective marketing if you ever want anyone to know about your business. Online marketing is particularly effective, since it works for you 24 hours a day and 7 days a week, but you need the right people to see it. That's the part that takes some research.

You might have the best home business in the world, but if no one knows that you exist, it doesn't really matter if you are an expert or a hack. The best way to attack business promotion is to know your market. Who is your current customer? Who do you want your future customers to be? What is your target demographic? When you work from home, you have to make sure you are still very visible to the public. You do not enjoy the luxury of a storefront or a signpost, so make sure you find some way to get your message across to potential clients.


After following these easy steps, you'll be an expert in your field with key business relationships and brilliant marketing campaigns, set on a course forearly retirement, right? Well, perhaps one little article isn't going to make money instantly appear in your pocket. But if you're reading this, you have what it takes to succeed in a home-based business. What is that key element, you might ask? Desire. You have the drive to succeed and be your own boss. Cultivate that passion and your home business will be on the right path sooner than you think.
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