Sunday, May 23, 2010

10 Necessities For Earning Money At Home

If you are looking for ways of earning money at home you will need to go through a set up process to be ready for business.

I have listed below some basic steps in setting up a home business.

1. Working Environment

A designated space that you can call your own, free from distractions throughout the time you spend there.

A comfortable chair and an organized desk are essential. The following are an example of basic stationary you may require:

- pens
- highlighters
- stapler
- hole punch
- sticky tape
- note book(s)
- a simple filing system
- manilla folders
- ring binders

A good broadband connection to the Internet is of great value to any home business. Your time is valuable and broadband can allow you to get more done in a given time frame.

2. Attitude

The key to your business success is your attitude.

Treat your home business like any other business.

This is critical whether you are working part-time or full-time. "I work part-time, but I have a full-time attitude."

Put another way, "If you have a hobby attitude you will have a hobby income, if you have a business attitude you will have a business income."

You can be successful working part-time and you can be successful working full-time but it is highly unlikely that you will have success working in your "spare time".

3. Schedule

Develop a schedule that works for you, your family and your business. When you allocate a block of time for work then use that time for exactly that. Equally important is to schedule time for your other commitments - family time, self education ( reading, listening and viewing) and leisure time.

Even with the best home business ideas you are working for yourself and your schedule is your "boss". When you have people calling you or dropping around unexpectedly then you need to make a choice. Are you committed to the success of your home business? What will be your choice in these situations? Only you can decide what is important to you.

4. Describe Your Business

If your goal is to be earning money at home you should be able to describe your business concisely; a powerful one or two sentence description that someone can repeat in describing your business to others. A unique and memorable tag line can also be invaluable for promoting your business.

5. Administration

Use good record keeping practices.

This may involve a consultation with a tax advisor who can let you know about the optimal way to set up your financial records and what records need to be kept. Your advisor will also recommend record keeping systems and you can find out what software may simplify this aspect of your business. Additionally you obtain advice on the best arrangement for your bank accounts. You will most likely be advised to have a separate bank account.

You will also need to keep track of your various logins, usernames and passwords. A very handy little software tool for this is Treepad available as either the free Lite version (without password protection) or the commercial Plus or Biz versions.

There are other useful tools for this also from a simple paper notebook to free and commercial password keepers. Another very useful tool is Roboform which will remember your login details and can automatically fill out your login and other registration forms.

6. Know Your Product or Service

If you are looking for ways of earning money at home then once you have selected your product or service to sell, it may or may not be something that you use yourself but you need to know your product intimately. If you are selling ebooks then know the content and its value. If you are selling software then use it know it "inside out". You will develop a reputation of providing quality information and because of your product knowledge you can become the preferred supplier.

7. Computer Protection

Your computer security is the lifeline to your business dealings and must be protected including the data that is stored.

You need a virus scanner, personal firewall, anti-spyware and anti-adware and preferably an email scanner with the ability to delete suspect of spam email from the server before it is downloaded to your computer.

Some suggestions are:

AVG Anti-Virus:
Spybot S&D:
Mailwasher Email Scanner:
Microsoft Anti-Spyware:

8. A Domain Name

You will most likely need a domain name for your home business and one cost effective registrar is GoDaddy,

9. Payment Processing

You will need a way to process credit cards; that may be using services such as:
- PayPal
- Storm Pay
- 2 Checkout
- Clickbank or others.

This is the most economical way to get started. Once your business picks up you may need to look into your own merchant account for credit card transactions.

Consideration may also be given to other forms of online currency such as eGold

10. Email accounts

Once you have your own domain you can use an associated email account. This can further assist in the promotion of your business and promotes a more professional business image.

As a final comment on earning money at home and continuing in your internet business, conduct your business ethically, provide good value for money service and be proud to put your name to the products or services that you are selling and you will be on track to developing a sustainable long term internet business.

About the Author:
To find the support you need, go to the affiliate power group and for more of the best home business ideas so you can make money on the Internet and work from home visit:


GT said...

Hey, Mal:

This is an awesome post highlighting 10 necessities for earning money at home! Very thoroughly presented and everything is meaningful. They're all good, but #2 and #5 are something I think a lot of home business marketers tend to overlook. Having a confident, expectant attitude can carry a person through some real rough spots; and having some degree of focus on effective business administration can also help to avoid some disappointments.

Thanks for making this great list available to all aspiring entrepreneurs seeking better ways to earn home business income.

:-) GT Bulmer
Affiliate Power Central

Jaxon said...

Good things one should have to practice to be successful in an home based business and self discipline is most important to get the desired result.