The best home based businesses don’t have some sort of secret formula that they use to stay profitable. But it can seem like that when you start a new business from home and you’re struggling to make your first sale.
1. Use The Internet.
If you’ve done your research, you’ll know that the best home based businesses are on the internet. An online business is not only the most cost effective way to start a business from home but it can be open for business everyday, 24/7 and reach customers from all over the world. People from all walks of life have set up their own online home business and are enjoying the rewards that it brings.
2. Build A List Of Customers.
Not everyone who makes contact with your business will want to buy from you immediately. But if you can get their email address you can keep in contact with a prospects rather than waiting for them to come back to you. Email marketing is one of the most effective marketing techniques for any home based business.
3. Sell High Quality Products.
A positive aspect of an online business is that you can sell other people’s products and services and make commissions on what you sell. But you don’t want one dodgy product product to lose the trust that you are building with your prospects, especially if you’re taking the time and resources to build a list of potential customers. Don’t sell anything that you wouldn’t personally find valuable or that you would not buy yourself.
4. A Proven Sales Funnel.
Your sales funnel will carefully take a prospect through the benefits of your products so that they can choose what will best suit their requirements. It is the course of action that your prospect will go through from the time they join your list to when they actually buy from you. If you just sell just one product with no add-ons or up-sells your customers will not have enough choices to pick from. On the flip side, if you try and sell too many products you may confuse your customers and they’ll buy nothing.
5. More Than One Revenue Stream.
Don’t just depend on selling one product at one price. You will have more success if you offer prospects with various alternatives rather than just one. The best home based businesses have a good mix of associated products and services that provide 3 main types of revenue streams. These are direct sales income, recurring income and high ticket income.