Home Business • Home Based Business • Home Business Opportunity • Home Base Business • Home Business Idea • Work at Home • Building Income

Find and Believe In Your Product

• First step, you need to find the product and/or service that works for you. There are hundreds of home business opportunities to select from. Finding the right program will take some homework and personal assessment.
  
  

The Homework

• We have invested time and money testing different home business opportunities. Our tests include the product, the marketing support, the income opportunity, and other items of interest in order to make a home business assessment.
  
  Our testing parameters:
  
  Level of Income:
  the amount of income that can potentially be earned
  
  Type of Income
  how the income is earned — type of sales
  
  Work Effort
  the amount of work required to be successful at this home business
  
  Product
  description of the product or service
  
  Type Marketing
  type of marketing that you will need to do to be successful at this home business
  
  Sales Support
  type of sales support provided by the manufacturer or vendor
  
  Setup Costs
  the cost to setup this type of home business
  
  Requirements
  other requirements or equipment needed for this home business
  
  Getting Started
  steps required to get started in this home business
  
  
  
• You should complete a similar assessment before investing any money in a home business. You may find that "cold calling" may not fit your personal ability to be successful with this type of home business.
  
  
• You should also complete an outside review of the company or home business that shows interest. There are fraudulent scams that take your money and give nothing in return.
  
  See our case study as an example: click here
  
  Places to check:
  Better Business Bureau
  Your State of Attorney's office: click for government directory
  
  Become familiar with Internet fraud and scams:
  10 most popular dot-con schemes
  protecting yourself from Internet fraud

Our Recommendations for Home Business

• If you are ready to start a home business, we recommend you search these areas of interest:
  

1. Vacation Travel:
   this is $4.4 trillion dollar industry — the largest industry in the world. Travel employs 1 our of every 9 workers worldwide. Travel is poised to create 144 million new jobs over the next five years.
   
   Why did we select travel? Because there is a huge baby-boomer market that will be retiring. This demographic wields a lot of purchasing power and travel will become their priority expense.
   
   we have a travel home business plan for review
   
   
   
2. Health:
   after travel, health related products will become another priority expense for the baby-boom generation. Health-related products include purification systems, exercise equipment, vitamins, beauty aids, and many other new and innovative products that will hit the market.
   
   we have a air purification business plan for review
   
   
   
3. Internet:
   the second wave of the internet is about the to explode. With millions of new users worldwide, the technology is being used to shop products, education, services, information, and more importantly, manage and start a new business.
   
   Why did we select internet? Because of its medium to support home businesses and education.
   
   Note: our Internet opportunities are not consider "sufficient" income opportunities. We recommend them as "supplemental" income to your other home business efforts.
   
   we have FREE Online Retail Stores that you can own
   
   
   
4. Other Areas:
   you can use your skills to start a home business. Setting up your "virtual office" allows you to contract your services as an administrative assistant, graphic designer, business planning, and more.
   
   view how to find and locate these opportunities
   
   
   
   
   There are other opportunities for review. Note that these home business opportunities have not been tested by our team. They are provided as a reference list for your information.

Make the Initial Investment

• Almost all home businesses that we have reviewed require an initial investment ranging from $500 to $3,000 or more. This fee is for start-up kit and inventory.
  
  
• There may be additional fees charged by the vendor for stationary, business cards, setting up a web site, call servicing, and other marketing support materials. Make sure you understand the total cost before making a commitment.
  
  
• Your other needs may require a "virtual home office": computers, telephone lines, fax machines, furniture, etc.:
  view our Home Office Setup for information
  
  
• Avoid those Internet ads that claim fast, "stay-at-home" income without little investment and time. Think about it. If these ads were true, wouldn't everyone jump into the "fast, easy income" game?
  
  Home Business ads that claim fast, easy money with little investment and time are generally online scams and frauds.
  
  
• Before you invest any money into a business, double check the reliability of the home business and their claim.
  
  Places to check:
  Better Business Bureau
  Your State of Attorney's office: click for government directory
  
  Become familiar with Internet fraud and scams:
  10 most popular dot-con schemes
  protecting yourself from Internet fraud
  
  
  

Where Do You Get the Initial Investment?

• Use the equity in your home:
  you can apply for a home equity line of credit to jump start your home business and buy necessary equipment:
  we have more information on using your home equity to start a home business
  
  
  
• Borrow money from your investments:
  if you have investments in stock or mutual funds, you can easily borrow money using your investments as collateral. You do not need to sell or liquidate your investments:
  check out this information on mutual fund financing
  
  
  
• Get a cash advance from your credit card:
  check your credit card for the cash advance feature.
  
  Caution: credit card advances can be expensive. They generally charge a credit advance fee and high interest rates. Make sure you read the fine print before borrowing. View our directory of credit cards for a good cash-advance deal.

Personal Commitment and Growth

Becoming a successful business person may require a character change. In other words, you need to be more disciplined physically, educationally, socially, and spiritually.

Let us demonstrate how these 3 Ingredients can help achieve success:

1. Planning:
   learn to develop a planning model for establishing goals and objectives
   
   
2. Discipline:
   develop the character traits that will help achieve your plan with increased motivation and self-esteem
   
   
3. Execution:
   put your plan to action with scheduled timetables and achievement tasks
   
   you can download FREE our 3 Ingredients of Success
   
   

You might also consider taking some self-assessment tests to determine your aptitude and character for succeeding at the right home business:

• Take this FREE online Keirsey Temperament Sorter:
  http://www.advisorteam.com/user/ktsintro.asp
  
  More information about the Keirsey Character and Temperament Assessment:
  http://www.keirsey.com/
  
  Briggs-Myer self assessment test:
  http://www.humanmetrics.com/

Develop the Marketing Skills

The success of any business strategy requires a keen understanding of market planning, segmentation, and execution.

• Link to our Market Planning Model for a quick review:
  copies of the Marketing Model are available FREE
  
  
• What's needed for a successful marketing plan:
  
1. situation analysis
2. segmentation studies
3. marketing research
4. strategy planning
5. implementing the 4 P's:
   
   • product development
   • distribution (e-commerce)
   • pricing
   • promotion
   
   If your home business plan requires some help, view our network of marketing and operation professionals:
   visit nBuySell Associates business services

Manage Your Success

• The FDI Mission is to stamp out financial illiteracy across the Country! Too many families are needlessly struggling financially.
  
  By becoming a FDI Preferred Customer you will know more about money from Real Estate and Stock Market Training to Cashflow Management.
  
  FDI's team of educators can put you on the path to financial freedom!