Ideas,For,Starting,Your,Own,Ho business, insurance 7 Ideas For Starting Your Own Home Based Business

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Ideas for home based business are aplenty in the world. All it takesis a little creativity and the correct mentality. This in itselfdisqualifies many people who just don't make the cut in the "mentality"department.Let me explain, there are typically two types ofpeople in the world. Those who see the glass half empty and those whosee it half full. This started becoming ever so clear to me when I hadlunch with an old friend from university and he began to whining abouthow only people who are considerably wealthy could start businesses. Ithought he was joking.As I sat and listened he, being the whinylittle boy that he is, whined for almost twenty minutes giving all thereasons he could not get out of the rat race and start his ownbusiness. Well, not everything he said was totally rubbish, forexample, the high costs associated with start ups, franchising and realestate development. But what he did not realize was that he was juststuck in the muddle of conventional wisdom. So I asked him. "Brian,have you ever asked yourself what kind of low cost businesses with highprofit margins are out there?"The awestruck look on his facetold me that my words struck him hard like an iron to his skull. Tomake things clearer, I went on to say, "You are just asking the wrongquestions." He sat on a thought for a moment and blurted, "Uh huh, ifyou're so smart give me some ideas to start up my own home basedbusiness." I said, "No problems" and with an ostentatious air ofcockiness I said "Oh and by the way let's make it fun. We'll just focuson the ones you can work from home in your pyjamas."Here are the 7 low cost high profit ideas for home based businesses I shared with Brian.Firstof all, Internet Marketing. If you have a computer, with internetaccess, at home, you are sitting on a gold mine. The problem is thatyou still don't know that you are sitting on a gold mine. The sky isthe limit when it comes to Internet Marketing. People are buildingmulti million dollar enterprises selling everything from informationproducts to hand crafted jewellery. Furthermore, with minimalinvestment in education, there is a wealth of Internet Marketing"gurus" out there that can help you out, like Armand Morin, JeffWalker, Joel Comm and many others out there.Next on the list,tele-seminars. What is a teleseminar? Well, tele-seminars are basicallyseminars conducted over the phone, or through Skype where you will betalking and your subscribers listening to what you say, live. Well,tele-seminars are not as technical as it sounds. With simply atelephone and a conference call line for your guest to call in on youcan offer a class or seminar. Tele-seminars are also very versatile asyou can either use it as a lead generator or you can sell your productor service from the seminar itself. Furthermore, additional productscan come from recording the class which can become a great source ofpassive income.To start a business, you typically need 2 things,a great product and money. If you lack either, than the idea of jointventuring is perfect for you. Well, as simple as it sounds, I wouldsuggest to whoever that is interested to invest some money in improvingyour deal-making skills. You are paid in direct proportion to yourability to bring together two parties who would not otherwise know eachother outside of your introduction. For example if you combine companyA's products, knowledge, resources and partner it with company B'sclient list you get to share in the profits. The best part is, it wouldcost you nothing.The beauty of Affiliate Marketing is that youcan run a business with no inventory or overheads. Why? Well, affiliatemarketing is where you become a sales representative for a product, ormultiple products for that matter, and you keep a portion of the sales(commissions). Typically, you can on average look at getting almost 50%of the price of the product in commissions. Not bad for a sales job huh?Theinformation product market is one of the most highly lucrative low costhome-based businesses you can get into. All you need is specializedknowledge or the ability to research and reproduce information. Then,you can make products that will bring you a huge windfall. For example,one of the fastest ways to success is to interview experts in a highdemand niche market. After interviewing these "experts" you will get awealth of information that can be packaged into several differentproducts from that one particular interview. This is not something new.Napoleon Hill's famous book, Think and Grow Rich, was written usingthis particular method as it is a collection of interviews.Mypersonal favourite idea for a home based business would be NetworkMarketing or Multi l. I would say it is the best place for beginners tostart off their Internet Business career because the business model isas much about self-development as it is building a business. The wholeconcept is you find a company with a product you are passionate about,has a proven system and strong team leadership. Most of these companieshave an extremely low cost of entry. And your businness empire is builtupon leveraging the efforts of many people. The very core of networkmarketing is built on the fact that you get paid in direct proportionof your ability to recruit, coach, inspire, support and lead avoluntary group of people. For those who can do this the rewards aregreat, for those who don't, they still get to learn from some of thebest minds in marketing today.Then there's EBay. EBay is probablythe biggest auctionhouse in the world right now. I was introduced tothe EBay craze by someone who was broke in the beginning. He found thistape set a friend had created and decided to put it up on EBay. Thisproduct was a compilation of interviews with successful entrepreneursgathered from recording live broadcasts on radio. Their first sale was$37.00 and they went on to build multi-million dollar empire. EBay isone of the quickest ways to get to a profit. You can sell anything onEBay and make a profit. Remember! "One man's junk is another man'streasure"At the end of the lunch something interesting happened.My friend Brian was starting to see the glass half full and startedscribbling away on his notepad the ideas that suddenly sprung from hisbrain which was previously long in slumber. How about you? Stilllooking for a business you can start without breaking the bank? Theabove seven ideas for home based businesses are just a few ideas tojump start your thought process. So, who says you can't start a lowcost high profit home based business and enjoy it while lounging inyour pyjamas? You just need to always look at the glass half full. Lifeis too short to waste on doing something you don't like, wasting awayur youth in exchange for a more comfortable old age. That isessentially what a job brings you. So, work your way towards financialfreedom."Saving up cash for retirement is like saving sex for old age" -Warren Buffet- Article Tags: Home Based Business, Home Based, Based Business, Glass Half, Half Full, High Profit, Internet Marketing