Choosing The Right Home Business For YOU

Written by Elena Fawkner


Choosing The Right Home Business For You

2002 Elena Fawkner

Pay any attention at all to your email inbox and you'd be forgiven for thinking thatrepparttar only way to run a business from home is onrepparttar 117616 Internet. Sure, many people are running spectacularly successful Internet-based home businesses. Many, many more are doing so even more spectacularly unsuccessfully.

But what if you're not interested in running an Internet business? What if you want to start and run a home businessrepparttar 117617 old-fashioned way? Where do you start?

Actually starting any home business isrepparttar 117618 easy part. The hard part's deciding what that business should be.

So how do you even startrepparttar 117619 process of deciding onrepparttar 117620 right home business for you? The key is to be methodical, realistic, objective and patient.

Step 1 : Personal Inventory

The first place to start is to inventory your skills, experience, interests, and personality characteristics. These are what you have to work with - your raw ingredients, so to speak.

Make a list of personal qualities and factors that you can throw intorepparttar 117621 mix. Include things like:

=> your personal background; => training and education; => work and volunteer experience; => special interests and hobbies; => leisure activities; => your personality and temperament.

All of these qualities and factors make up what you know and what you're good at.

Step 2 : Identify What You Like

It's one thing to know a lot about something or be good at it. It's quite another to enjoy it enough to want to make it your life's work. So, remove fromrepparttar 117622 list you created in Step 1 anything that you don't really, really like doing or which plain doesn't interest you. No matter how good you are at it. If you're lucky enough to like what you're good at, as a general rule, stick with what you know.

Step 3 : Match Your Likes With Marketable Activities

If Steps 1 and 2 still haven't suggested feasible home business ideas, reviewrepparttar 117623 following activities that have proven marketable for others and weigh them against your "likes" from Step 2:

Crafts - pottery, ceramics, leadlighting Health and Fitness - aerobics instructor, network marketing for a health products company, home health care Household Services - cleaning, gardening, shopping Professional Services - attorney, architect, interior designer Personal Services - make-up artist, hairdresser Business Services - business plan writer, meeting planner Wholesale Sales - antique dealer, dropshipper Retail Sales - children's clothing, widgets Computers - web design, internet training.

You getrepparttar 117624 idea. This is not an exhaustive list, obviously. You can visitrepparttar 117625 AHBBO Ideas Page for a list of over 500 home business ideas at http://www.ahbbo.com/ideas.html .

Step 4 : Make a List of Business Ideas That Fit With Your Likes From Step 2

Byrepparttar 117626 time you're done, you'll have a hitlist of possible matches between your skills and interests onrepparttar 117627 one hand and home business ideas utilizing those skills and interests onrepparttar 117628 other.

Step 5 : Research

Armed with your list from Step 4, identify those ideas that you think have marketable potential and then research whether that belief is accurate. In order to have marketable potential,repparttar 117629 idea must satisfyrepparttar 117630 following criteria:

=> It must satisfy or create a need inrepparttar 117631 market. The golden rule for any business is to either find or create a need and then fill it.

=> It must have longevity. If your idea is trendy or faddish, it doesn't have longevity. Go for substance over form in all things.

=> It must be unique. This doesn't mean you have to invent something completely new but it does mean that there has to be some *aspect* of your product or service that sets it apart fromrepparttar 117632 competition. This is easy if you go forrepparttar 117633 niche, rather than mass, market. Don't try to be all things to all people. You'll only end up being too little to too many.

=> It must not be an oversaturated market. The more competition you have,repparttar 117634 harder it will be to make your mark. It's unrealistic to expect no competition, of course. In fact, too little competition is a warning sign either that your business idea has no market or thatrepparttar 117635 market is controlled by a few big players. What you want is healthy competition where it's possible to differentiate yourself from competing businesses.

Do You Want a Home Business That Actually PAYS?

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