You’re retired. Congratulations! Now you can become the entrepreneur that you have always wished you could become.Mathew Bandyk in U.S. News and World Report says:”When you think of entrepreneurs, you’re more likely to envision a 24-year-old like Mark Zukerberg, the founder of Facebook, than a retiree. Taking the risks of starting up a business seems easier to do before life commitments tie you down.”But retirement can lessen the fear of failure that comes with launching a venture. Some people cling to the security of working for someone else most of their lives, repressing their inner entrepreneur until retirement, says Sam Spector, author of The Baby Boomer’s Official Guide to Retirement Income. ‘They really have a desire for entrepreneurship their whole life. The money and benefits were so good it wasn’t worth taking a risk.’ Once retired, they might find that risk to be worth it.”Of course, retirees starting businesses certainly should be careful. The key question that retiree-entrepreneurs need to consider, says Alex De Noble, a professor of management at San Diego State University, is ‘how much risk are they willing to take after they’ve put some retirement money away.’ There are ways to mitigate risk so that, regardless of how a new business fares, the owner won’t lose retirement security.”A home based Internet business is an ideal business for retirees who want to become entrepreneurs and earn a substantial income after they retire.
A home based business has no additional overhead other than that which you already have for your home. It avoids the costs of many other businesses such as leasing an office and maintaining a large inventory.
Most people starting a home based business have to keep their day job until they make enough money from their home based business to quit their day job. As a result they can devote only a limited number of hours to building their business. As a retiree, you can devote as much time as you want to building your home based business.
You have experience that is invaluable. The experience you gained during your career gives you a tremendous advantage over the 20-something youth who attempts to start a home based business. You know what it takes to run a business, you have knowledge about markets that lets you select a market niche to promote your products, and you have developed good time management habits that are required for running a business.
Needless to say, you know how to use the Internet. Otherwise you would not be viewing this article.
To get help in determining which home based business is best suited to you, email me and I will give you a free consultation.
Retired? Now You Can Start a Home Based Business
Effective Marketing Strategies in Product Creation
Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.
If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.
Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.
For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.
No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.
There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.
Starting A Home-Based Business – 3 Steps To Ensure You Become Successful
Do you have dreams and ambitions of starting your very own home-based business, making money and supporting yourself and your family all from the comfort of your own home? If you do, then you should be proud of yourself because many people want more out of life but do not have the courage to go out and do it. If you have a desire to start your own home-based business, now is the time to take action, devise a plan and figure out what you want to do to earn a great living from home.
Now if you hope to achieve success, you will need more than just a great idea and the motivation to get started. To succeed with a work-from-home business, you will need to manage your time well, you will need to be a self-starter, and you will need to be someone who can be patient and persistent. If you still think you have what it takes, then let’s take a look at three great tips you can use to move ahead and achieve success much faster:
The three tips for building a successful business from home are:
1 – Devise a plan for building your business
2 – Devise a daily plan of action
3 – Learn how to drive massive traffic to your business
Let’s take a closer look at these three tips:
#1 – Devise a plan for building your business
If you want to know how to build your business, you will need to know what you really want your business to achieve. Do you want to earn a part-time income with it, do you want to earn a full-time income with it, or maybe you want to build a multiple six-figure empire; either way you need to devise a plan and then take massive action to get things achieved.
#2 – Devise a daily plan of action
If you want to achieve success, you have to chip away at it slowly and consistently. By creating a daily plan-of-action for your business, you can take action day in and day out so that you will move in the right direction and achieve your goals. It is important to plan out your daily marketing, your daily product development, and your daily traffic building practices so that you are doing everything you need to do for success.
#3 – Learn how to drive massive traffic to your business
If you are working from home, you will be using the Internet to make a lot of money, so you have to learn and master at least one technique for driving traffic to your website/business. There are many fantastic techniques for driving massive traffic to your business, it simply requires that you explore these and figure out what works best for you, then apply it on a massive scale.