Monday

4 Ways To Create Cash Flow While Building Your Home Based Business!

I remember starting my home based business, like it was yesterday... I had tried for months to create an income online, when I got home from work. A blog post here, a promotion there, some research on the weekend... Working late into the night!

But it was hard, because I was working while the Wife and kids were watching TV, and I found myself constantly distracted. After a few months, I realized that to make it really work, I had to treat my home based business as a business.

I had to commit, give it my all, just like I would if I had opened a brick and mortar type business. I had to believe it would work and just do it!

The scariest thing was giving up the income. But on paper, the advantages of owning a successful home based business far out-weighed that constant income. And with time, my income would be far, far better.

I knew my home based business would be the ticket to my freedom!

The worst moment, like mine, in your home based business, will be starting. You will be wondering... How long will it take to replace the income I was so used to getting?

The short answer is... It is directly proportional to the effort you put in!


You see the strategy to owning a home based business is simple:
  1. Research to find a hungry market that is buying,
  2. Create a product that they want,
  3. And then promote it.
But this strategy takes time to put into place... It could take 3 to 12 months to see income from this model, if you work hard at it. The income may be great when it does happen, but you need to survive after your savings run out :(

So how do you survive:
  1. Sell on eBay - It's quick and easy... You have millions of buyers waiting to buy. Start by selling anything you have around the house that you don't need or want. Then ask friends and family for stuff they don't need or want. Once you become confident and know how to research and determine your profit margins you could buy product from markets and resell them. A great home study course to learn all the eBay techniques you will ever need is available at http://www.profitfitness.com/insiderebaysecrets.html

  2. Find work at www.Elance.com - People are always being sourced to write articles, blog posts, reports, translate works or do research for others. Once you establish a reputation, this type of work usually becomes very consistent and profitable. You also get to see what other home based business owners are doing!

  3. Sell other peoples products - There are an abundance of products out there (information and physical), which will pay handsome commissions if you sell them. They can be found with a Google search. Free blogs can be set up within minutes, providing you a base to sell these.

  4. Take on a part time job - Find a job for a few days a week that will supplement the other cash flow strategies you have in place.
Where there is a will there is a way! Treat your home based business as a business. Wake up each day with a plan... Initially that plan may be "How can I add another cash flow stream today?" But that plan should also include the overall strategy - The BIG Picture!


© copyright www.Ian-McConnell.com

Ian McConnell is an average guy who realized very quickly that wealth will not come from having a JOB... for more than 6 years he has generated more than $100,000 pa from home, while working part time.

To find out everything he knows:
Click Here => http://www.Ian-McConnell.com/Success.html


3 comments:

Unknown said...

Thanks Ian, this information is just what I needed. It seems that most of us have the same issues.

Ian McConnell said...

Deb, Cash flow was a real problem when I started my home based business. Ideally you should have about 6 months worth of savings before you start, but that would have meant me delaying my start by 2 years!

So I just went for it and while the pressure was on to perform, I just seemed to get there. Every month got better and better.

I dedicate an hour every Sunday night to addressing my situation and planning improvements the next week. That's why it's important to measure everything (I'll discuss this in detail in another post)

Unknown said...

Hi,

Your site is one of my favorites seen around blog explosion. Keep up the good work.
I enjoy reading your blog. It is great to find someone who can find the fun things in life!

I wish you all the best in all years.

Please take a look at my websites and increase your page rank, traffic as well. I look forward to developing

a friendship and networking with you. Let me know if there is something I can do to assist you with your

business.

With Regards,

Karoly Domonyi
http://www.Aries.hu
http://www.DogCatSite.com
http://www.ariestrade.com
http://www.AddProductFree.com