How to Start a Home Based Business: What are Your Skills?
Since the start of the pandemic, many people are wondering how to start a home based business. The process isn’t too complicated, but there are some things to know before you begin.
To start, I suggest you take an inventory of your skill sets. Maybe you already have a professional degree or skill or you have trained as a craftsperson and have developed expertise as a journey man or a master carpenter, plumber or masonry contractor. Many skills and professions transition from employee to self-employed startup businesses.
Flexibility is important. You must research and find and train and adapt your skills to create problem solving products. There’re dozens of ways to do this. Some of you will want to be bloggers, others SEO experts, freelance writers, Youtubers, social media consultants, podcasters, info product creators, PPC buyers, Facebook ad people, web designers, bookkeepers, video editors, crop shippers.
The place to start is with your inventory of your skills and crafts. These possessions are valuable. Figure out what problems you can solve for others that they will pay you for. Before you launch your work from home company you need to research small business and figure out if you will have competitors.
If there are no competitors, you have a problem. That could mean no one is buying what you want to sell. If there are competitors, that’s good because you can research and analyze what the competitors are doing and do it better, cheaper and faster.
How to Start a Home Based Business: Setting Up Your Work Space
Work is work. It doesn’t have to be glamourous. Successful work from home businesses start out by setting aside a place to work – I like to call that a sanctuary within the home or the garage or the bedroom where there are no interruptions. No one playing basketball in the next room, no TV, no radio noise.
According to the internet, many are working from home in their pajamas. That may sound good. I don’t want to break your bubble. In the real world, working from home requires a lot of discipline and you must be ruthless about being left alone to do your business.
Distractions are a big problem for home-based business men and women. Your family expects you to be there for them 24/7. Everyone wants your attention, children, errands, many distractions. To succeed at home, you need to be ruthless, disciplined and focused or you’ll never generate revenue. Create a work zone, no visitors. Off limits. Your sanctuary.
I could go on for hours. It’s time to get out of your dream world. All of the above are real jobs. However, do they make you real money. Real money buys new homes, nice cars, helps you build safe and secure futures, provides for your family. It’s not so easy.
How to Start a Home Based Business: An Easy Business to Start is…
30 years ago, when I wanted to know how to start a home based business, I discovered a 200-year-old business. It shocked me. But I trained to be an airline pilot and the training cost of hundredsof thousands of dollars and then I had to wait my turn on the seniority list. It’s good work, there is status after a number of years, you make good money. Later I discovered the business was much more exciting and simultaneously I could help myself and the community.
At first, like anything, it required research. What propelled me forward was I could see the abundance no matter which way I turned. The business which was a subset of real estate, there was abundance.
Traditional real estate is thought of as homes, small office buildings, residential buildable lots, small farms, mostly houses. Starting from a simple bedroom in my home, I had access to a lucrative market. Most importantly, working from home was simple, cost me very few dollars to start and I could earn \$25,000 or \$50,000 on one transaction.
Nationwide, across America the local county governments levy property taxes and have the right to collect those taxes. When the property taxes are not paid, the local county confiscates the delinquent property and to get the revenue for taxes, they sell the property at a public auction for pennies. The auction is announced on the county website and in the newspaper.
The county government discounts the property in order to sell it quickly. Discounts of 60%, 70%, 80% are not unusual. That means starting bid at county auctions are usually 10 or 20 cents on the dollar and the treasurer has been mandated by law from the state legislature to cancel that is delete the mortgage or deed of trust loan.
The point I’m making is, simply buying property for 60%, 70%, 80% discounts and then selling at any price that I determined from a home office was very appealing. Savvy investors attend up to 5000 tax defaulted auctions online and offline every year.
Would that work for you?
If you want to know how to start a home based business, I have a free gift for you, a 1-hour, streaming-video mini course that will teach you the secrets of one of the safest high yielding investments available and how to generate cash flow in real estate. If you’ve decided it’s time to take charge of your financial future, then this Free Course is the best way to get yourself started on the road to success!