Friday, November 7, 2008

What are Some Legitimate Home Based Businesses?

What are your options when it comes to home based businesses? Legitimate home based business opportunities are bound only by your imagination really. Technically a home based business is a business that is based in the home. Not all the best home based businesses are true work at home business models... here's what I mean.

Lets say you have a flower business that is home based. Your home office might handle the administrative aspects of the business work while you'll still need to deliver the flowers to the homes of you customers or provide a way for them to pick them up. Your business model will greatly influence the profitability of your new home business, so chose carefully.

Stay at Home Moms

Many stay at home moms start a home based business so they can be home with their family while still contributing to a the household income. Top home based business ideas can include turnkey business opportunities, much like a franchise, but homebased. Most turnkey opportunities will have a system in place and a step by step business plan to get a person up and earning money quickly.

Simple Home Based Business Concepts

Many of the best home based businesses are simple and more specialised than current business models that leave gaps in the market place. A good example could be customer care or customer relationship management business. Lets say you know a few small business owners who's core business and income come from a service type ativity. A person could develop a follow up system and survey existing customer to improve service. This business could be totally operated from your home office with the Internet and a telephone.

Home based Internet Business Ideas

Internet home based businesses are very popular as well. Many of these home business ideas require some marketing expertise or a strong desire to succeed and a willingness to learn those online marketing skills that are detrimental to a successful online business.

What makes a home based business legitimate is whether or not it works... I don't mean to sound overly simple but, think about it. Ask your self:

  • Does the business make sense?
  • Can you get the product or service to the customer?
  • Is there a demand for the product or service?
  • What is the profit potential? Is it worth it?
  • How competitive is the market, can you gain sufficient market share?
  • Is your idea connected to an idea that already is proven?
  • Do the people in your life support the idea?

I'd like to provide a list of home based businesses, to do that I'm going to allow the readers to list ideas they have direct experience with. Tell us briefly, about successful home based business ideas, and little about how they work. Thank you for your feedback.

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