How to Select the Best Home Based Business Ideas for Great Success

Finding a small business start up idea is one thing. Finding the best home based business ideas is an entirely different matter. The trick is being able to successfully put that Business Home Idea Internet Opportunity into practice.

As you are choosing the best home based business ideas for you, it might be a good idea to look around and see if there are any similar businesses ideas in your area. Maybe your idea is so unique that no one else has thought of it before.

In the beginning, it’s not necessarily to start with a genuine idea for a first business, it’s smarter to find and existing home business idea and duplicate it.

In the last few posts I told you about my "real" secrets to success.

My last one “How to Make Money From Home” ended with:

And to tell the truth... you don't even have to be *that* good to make money from home…lots of money.

"And to tell the truth... you don't even have to be that good to make sales and make lots of money..."

And...

"Even if your marketing and sales messages stink, you can still make a ton of money if you do just ONE thing... ONE thing that 99% of all business owners NEVER do, or if they do it, they do NOT do it correctly."

Let me give you a bit of background here because I think you may not understand the full implications of what I will reveal to you without it.

How I Found My Best Home based Business ideas

First, when I was getting started in business I tried just about anything (legal) to make money.

Several years ago I tried selling some audio tapes from a famous audio program publisher. It was the best home based business ideas that I started with. Or it seams like that. The programs were great! I loved them. I was able to get them wholesale if I purchased them in lots of 3 or more.

I put together a catalog and sent them to about 500 business professionals in my area.

What happened?

Nothing.

Not a single call. Not a single sale.

Ok... "no problem", I said, "I'll try something else".

Copy a Business Idea That Someone Else Had

I was traveling down town and stopped in a little crafts store. The store had these really cute wooden rabbit toys that had wheels and were on the end of a stick that you could use to "walk" your rabbit. When you walked your rabbit, the wheels moved the hind legs up and down just like a real rabbit!

I thought that was a really cute toy and it was really fun “walking” your rabbit around the store.

I bought one.

I took it home and thought about it for a while and decided to copy the “the business idea” ... but instead of a rabbit I made “ducks”... they had little “flaps” on the wheels were the feet should be and when you “walked” them they waddled just like a real duck!

I took them to a little crafts and gift store in my area and showed them to the owner.

He loved them!

He placed an order for 50 that same day and he said, if they did well, he would order more. I told him that I appreciated his order and that I would be back in one week with his ducks.

I didn't even get a deposit! I was too excited I guess and forgot... I was thrilled!

Wow... an order for 50, my first day!

I was so excited I went straight home and, after the excitement had dissipated, I thought about it for a minute and realized how long it would take me to make 50 of these “walking” ducks!

How would I EVER fill this order for 50 ducks in only a week!

It took me the better part of a day just to make ONE!

Ask Experts When Confronted With a Problem

Now I was only 18 or 19 years old at the time and quickly went to the only person I knew who was the least bit mechanical or handy - my father.

I said, "Dad, the good news is I sold 50 of these! The bad news is - how am I going to make 50 in a week? It took me all day just to make one!"

He thought about it for a while and said, "Well, the first thing you need to do is to make “templates” for all the components that make up one “duck”. Then, instead of cutting one part at a time, cut 50 of each part at one time."

Made sense to me... I made the templates, cut out 50 pieces of each part at one time instead of one at a time, and I got the entire order completed on time!

I delivered the ducks to the store and when the store owner saw them he was very happy! As I was unloading them out of my car he had sold 2 of them to people in his shop before I finished setting them up!... Good home based business ideas make money!

He came over to talk to me and said, "Listen, I have a another store too. I'd like to place an order for 100. How soon can you get them to me?"

Create a System to Help You achieve Your Goal

If you don't have a system working for you, you're not only behind the times but you're behind the competition for sure.

Now that I had a “system” in place for making them I said, "One week". He paid me for the 50 ducks I delivered that day and gave me a 50% “deposit” on the 100 to be delivered in one week.

Man! I made some real money in business! This was great!

I went home excited again... but then it occurred to me, "If it took me a week to do 50, even with my home business system, how will I possibly make 100?"

Again, I went to my father for advice. He thought about it for a while and said, "I was at this workshop the other day where they employ handicapped people. This shop had wood-working tools and maybe they could cut the pieces you need in their shop, then all you would have to do is assemble and finish them."

Wow...what a great idea!

Hire Workers as Necessary! 

I went to the shop and asked if they did any outside “contract” work. They did!

I showed the shop foreman my “templates” and gave him the dimensions of the pieces and he said "no problem". He quoted me a price and it was very reasonable so I gave him the order.

Within 2 days he delivered all the pieces I needed to assemble 100 complete ducks!

Within 7 days I delivered all 100 ducks to the store.

Again, the owner was thrilled and paid me the balance of the order on the spot.

He said he already sent 30 or so ducks he had from last weeks order down to his second store and they sold out within 2 days!

One of the buyers was the Chief Medical Officer! The store owner said the Doctor kept it in his office and walks his “duck” as a way of reducing stress in his job.

Great business idea I thought!

Over the course of the next year I sold thousands of ducks in my area to people who used them as gifts and “stress reducers” in their offices.

What's my point?

Here I was a 19 year old kid and I had an entire home business built in a few weeks time because I:

1. Found the best home based business ideas and Took action
2. Was bold enough to start actually selling the product
3. Asked other people what to do when I got stuck

And you know what, I didn't have to write a sales letter and I didn't know a thing about “marketing”.

But I had a “hot” product and a market that was ready to buy it.

Find a Hot Market And Step in Front Of It

Give people what they want not what you think that they need!

So what's the... "ONE thing that 99% of all business owners NEVER do, or if they do it, they do NOT do it correctly."?

They don't sell what people want.

They sell stuff that no one wants just like I did when I tried selling those audio programs.

Now you can twist and turn and change your marketing message so that your product is better positioned, but listen up:

If no one WANTS it, it isn't any good. Stop selling it and find something else to sell that's better!

That's what I did - I stopped selling the audio programs and found something better!

The only way to tell if someone wants what you're selling is to get it in front of as many people as you can WHO ARE LIKELY prospects, for as little money as possible, and see if they buy it...

If they DON'T... then move on and sell something else.

Let me repeat that,

"If enough real potential prospects see your product that you have accurately described how it will benefit them and they still DON'T buy your product... then move on and sell something else!"

There are some things that people just do not want, and you may have one of them ;-)

Life is too short to sell things no one wants...so move on and sell something they DO want.

The best home based business ideas means that your business can be extended, potentially without limit. And that means the difference between creating a business that will provide you with a modest living and one that will provide you with a long-term stream of income.

How to Find Small Business Startup Idea

When it comes to making money from home on the Internet, there are so many steps needed for ensuring success. Each of these steps is important and must be followed carefully in order to save time, money and get the desired results.

you can find these steps at start Internet home based business article series – it's a step-by-step instruction on how to start home based business on strong basis.

The secret to starting a home business that will succeed is to work through the entire business selection process. I can say this process is like a chain composed of a number of links. Remove one link from the chain and it will work no more!

Finding small business ideas, is locating a profitable niche market that suits your abilities, interests, and lifetime goals. And, this is one of these links that compose your chain and most of online marketers don't do it right. Coming up with the best home based business ideas is the most important issue that most of small businesses face today. If you do it right, you will be thrilled with the results.

What Is a Niche Marketing?

A niche refers to a group of people who have related concerns and interests. It is a segment of the market starving for solution in their area of concern.

The process of finding market segments that are small but with great potentially profit margins are a statistical process that has proven to be really effective. Having a good niche will turn your business around. 

With a niche, you can focus on satisfying the exact needs of your market. And even more importantly you can direct your marketing to attract your definite niche group to your website or blog. You’ll then have the targeted traffic you need to buy your product or service.

The process of finding a profitable niche should starts from locating that group of people before any thing else. A lot of people make the mistake of developing their product first, and then trying to find a market for it. Of course, the process should be overturned.

Here's a great tool you cam use to locate your Internet home business. It's a decison-making tool that will help you to make important business, financial or even life-changing decisions.

How To Search For A Profitable Niche Or Small Business Startup idea?

Find a market first that spends money, then find out what they want and give it to them. It is certainly easier said than done, but there are a lot of places online where you can do your market research for free. They've done most of the work for you already. You just need to know where to go and what to do to connect all the dots.

Let me show you the process I go through when I'm trying to brainstorm for the Best Ideas Home based Business for Great Success. To stay informed and up to date, I'm always awake of tendencies and current events in the real world. I read some newspapers and magazines each day, both general and niche-specific. I watch the news and listen to the radio. I visit online forums, newsgroups, media websites and use search engines.

From time to time something that I read or heard sticks with me. I may jot down some notes; record my thoughts on my portable voice recorder; call my office voice mail and leave myself a message, etc…. Because usually when something sticks with me, or gives me pause for thought there is something about it I need to consider.

But, when I have several broad small business ideas to research or to make sure that a profitable market is available I look deeper before anything else.

Here’s how I go through the process of locating a profitable niche or a small business ideas.

When going through the process in selecting your niche keep in mind these 4 elements that define a profitable niche and make sure to gather as many information as you can for further use.

1 - High demand and low competition equals profits from your blog or website 

You want a potentially growing market that has people interested in the topic. While you do want a niche market to work in, you don’t want a market so obscure only 50 people a month are searching for your product. In other words you must make sure that your niche market is big enough for you to be able to sell to it, and small enough that not a lot of businesses are targeting it.

2 - Established market

Make sure that your niche has some competitors. If there is competition then a market exists. A niche with no competition is not a profitable niche.

Trying to get into a niche to which no one else is selling is a waste of time. Instead find a niche group that already has people marketing to them. This way you know that there is money to be made when marketing to them.

3 - Find out your competitors' weakness

Fact is, no product or service is perfect, so that leaves the door open for improvement. Doesn't it? A better quality version of same product; a best customer service, more marketing expertise, a cheaper version; a more efficient service will enable you to get a big share from the market.

Can you offer a unique position that will establish your site in the field? By reviewing your competitors’ blogs and/ or websites you’ll know what you could improve.

4 – Make sure that there is money to be made

Do you want to make money? So, be sure your niche market has money to spend and a lot of it. When using search engines to search for small business ideas, pay great attention at the number of displayed ads. The more ads appear with a search result the more money is spent on it.

Also when using Keywords tools to determine the profitability of your niche or to do research on your competition will help you determine this point. Find out how much your competitors are bidding on keywords? Key phrases with high bids naturally mean there’s money to be made in the niche (more on this later).

When using search engines, don’t be afraid of the number of sites displayed in search results. 95% of online business owners are looser. If you are an expert at any thing or you have a burning desire to learn, you will succeed. 

Just keep in mind, starting home based business online is simple and dirt cheap but not easy. To succeed, you need to not only believe that you can succeed, but you also have to work for your success.