Best Home Based Businesses: Fourth Soul Searching Step to Creating an Internet Home Based Business Step Four: Research Your Business Ideas

Written by Chrystal Chantel

Are you ready to create one ofrepparttar best home based businesses? What products or services could you sell onrepparttar 143820 internet to make a successful living while working at home?

This article is number four in a four-part series that is designed to assist you in creating your ideal internet home based business. To view Parts 1, 2, and 3 please do an Author search on Go Articles for Chrystal Chantel.

Inrepparttar 143821 previous articles I asked to you to discover what you love to do, and identifyrepparttar 143822 problems that people who also enjoy your activities experience. Then I asked you to brainstorm potential solutions to those problems, and assess your ideas: think of how you could turn your solutions into an information product or service that you could sell onrepparttar 143823 internet.

So let’s explorerepparttar 143824 final phase in this process: Research Your Business Ideas. In this phase you will researchrepparttar 143825 feasibility of successfully selling your product or service overrepparttar 143826 internet. You will need to look atrepparttar 143827 following points:

*How much demand is there for your product or service? *Are similar products already available onrepparttar 143828 internet? *If yes, how much competition is there? *What are their strengths and weaknesses of your competition? *Could you sell your product at a competitive price and still make money? *What will it cost you to turn your idea into reality? *How long will it take you to develop your product or service?

Extensive research at this step is critical torepparttar 143829 success of your business. Owners ofrepparttar 143830 best home based businesses have thoroughly researched their idea before they launched their business. The more thorough research you do now,repparttar 143831 more likely you will be successful when you actually start selling your product online.

Here are some useful internet tools I recommend that can assist you in this research. Keep in mind that when people search for information onrepparttar 143832 internet they usually type keywords or keyword phrases into search engines. For example, they may search for “Hawaii vacation package” or “model cars”. Start thinking ofrepparttar 143833 keywords potential buyers may use to find your product. Researchrepparttar 143834 demand and competition for your potential internet home based business idea by using tools such asrepparttar 143835 following:

BEST HOME BASED BUSINESSES: Second Soul Searching Step to Creating an Internet Home Based Business Step Two: Brainstorm Business Ideas

Written by Chrystal Chantel

How do you create one ofrepparttar best home based businesses? This isrepparttar 143819 second article in a four-part series that takes you on a journey to create your ideal internet home based business. To view Parts 1, 3, and 4 please do an Author search on Go Articles for Chrystal Chantel.

Inrepparttar 143820 previous article I asked you to brainstorm what you love to do, how you like to spend your time, and what your skills and strengths are.

Now take that list you created and ask yourself these questions: People who enjoyrepparttar 143821 same activities you do, what problems do they face? For example, if you love to garden, what difficulties do gardeners face? Could you provide a solution to those problems? If you love to cook, what challenges do chefs face? Have you come up with unique solutions that have worked for you? Have you previously thought about possible solutions to problems you have encountered?

For each enjoyable activity on your list, brainstorm problems that other people may experience. Put problems on one side ofrepparttar 143822 page, and potential solutions onrepparttar 143823 other side.

What goals do people who engage in these activities have? How could you help them to achieve these goals? It is inrepparttar 143824 problems, in discovering what people need that you will find your potential customers. Take your time to clarifyrepparttar 143825 problem, forrepparttar 143826 most successful home based businesses offer specific solutions to customer needs. Anyone can start a business, butrepparttar 143827 best home based businesses are those where customers come back time and time again, becauserepparttar 143828 business fulfills their needs.

“A problem well stated is a problem half solved.” ~Charles F. Kettering.~

“It isn’t that they can’t seerepparttar 143829 solution, it’s that they can’t seerepparttar 143830 problem.” ~G. K. Chesteron~

“If we really understandrepparttar 143831 problem,repparttar 143832 answer will come out of it, becauserepparttar 143833 answer is not separate fromrepparttar 143834 problem.” ~Jiddu Krishnamurti~

Your challenge is to find a problem that you will enjoy solving, and a serious need that people will happily pay you to have solved. Do you have a particular skill for handling certain kinds of problems? What irritating difficulties have you overcome in your life, no matter how small? Do you seem to know how to keep your old car going no matter how old it gets? Have you find a simple way to keep your children’s hair from getting tangled? Have you discovered a way to keep your pets free from fleas?

Maybe you have found solutions to bigger problems such as experiencing a depression, an illness, or a major life challenge. It is likely that many other people have also experiencedrepparttar 143835 problems you have. They may be grateful to benefit from your personal experience and unique solutions. Your internet home based business could be developed around sharing what you have learned with others. Many entrepreneurs discovered their best home based businesses by examining their own trials and tribulations. One entrepreneur did just this.

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