Starting A Home Business? Start while still Employed!

The majority of us don’t have the funds to just jump from employment to self employment in a single bound. What if the venture fails? How will you keep paying the bills?

For most of us starting the new venture on a part-time basis is the answer. You can test your ideas out, maybe build a simple website rather than the flashy one you plan on for later etc. Now this part-time approach requires just as much commitment as the other way and thats where the approach sometimes falls over. We find ourselves juggling family commitments as well as work commitments, friends, activities and the rest all tend to soak up our time and energy. Here are a few pointers that might help you do it part-time: Read More…

Posted under Planning, Research

This post was written by admin on April 2, 2008

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Make Money on eBay – Picking Profitable Products

To make money on eBay there are several factors to consider and many sellers will tell you if you want to make decent returns without stress you must think of these particularly:

Is the product something not easily and cheaply purchased in a local store? The more commonplace the item the less your chances of selling yours at a good profit margin. Some of the best selling items on eBay are collectibles and antiques for this very reason.

Is your product in demand enough to start at a low price and allow competition between bidders to rise the eventual selling price for you? There is a lot of evidence that low starting prices attract more interest and therefore higher winning bids.

Is the likely profit margin enough to allow for the occasional poor auction result? You don’t want to sweat on the results of every auction. The cheaper you source your items the greater your chance of profits. Source collectibles and antiques at deceased estate sales and even garage sales for next to nothing and make excellent returns on eBay.

Is it easy to handle and ship the goods to the auction winner? The more time and effort you have to put into this element the less time and motivation you’ll have for repeating the success of the first sale. Try to stick to easily handled items that you can use pre-paid mailing for if possible.

Check out my Squidoo Lens on this for more on making money on eBay

Posted under Research, eBay

This post was written by admin on September 25, 2007

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Why Home Businesses Fail

OK so we know that most small businesses fail within a short time but do we know why? There are several factors to look at here:

Unrealistic Expectations
Think you’re going to make millions quickly? Think its going to be easy? Get real, building a business requires hard work and it can take a long time to get ahead of the breakeven point.

Lack of Planning and Preparation
You can’t just dive in and start a business without a proper plan. Planning and preparation are absolutely essential if you are to have any hope of beating the competition. If you don’t have a plan and have some milestones to mark out the little successes along the way, then how are you going to make it? Read More…

Posted under Planning, Research

This post was written by admin on September 4, 2007

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