Make Money from Home-Start a Home Based Business even with limited Cash and Skills!
BY Kanaga Siva
You wish to start a Home Based Business, Make Money from Home, be your own Boss but unfortunately what is preventing you from getting started is that you don't have much money or special skills. This is a problem that is in the back of the mind of many would be entrepreneurs who wish to make money from home. Let this not be a barrier and dampen your enthusiasm. You certainly can get started if you set about in the right manner.
If you are highly motivated and passionate about achieving your goal of being a successful home based business entrepreneur and make money from home, first you have to do some self searching and self assessment. Next you have to get your priorities right.
"Good things don’t come to those who wait, they come to those who want something so bad, and they can’t wait for it."—Ashton Kutcher
Every person is blessed with certain skills or qualities they are good at.
You have to identify yourself with those skills and qualities you think you are good at, happy with and feel confident about, especially with respect to home based business. If you are unable to identify them yourself, get the help of your friends.
Skills can be categorized under, Craft Skills, Service Skills and Professional Skills.
Some examples are: Carpet cleaning service, Carpentry service, Wall Paper Service, Candle making, Home sewing etc.
To make money from home and be successful in this business category you should have qualities such as being good with your hands, ability to repair things, being artistic etc.
Some examples are: Care Giver, Child Care, Senior Day Care, Wedding Planner, Party planner, Food Delivery Service, Catering etc.
Qualities that will propel you to success and make money from home are: you should enjoy meeting new people, talking with strangers, helping people irrespective of other considerations.
Some examples are: Business Consultant, Financial Advisor, Interior Decorating Service, Photographic Service, Video Production, Secretarial Service, Transcription Service Book-keeping etc.
To establish yourself in this home based business and make money from home you should have professional knowledge or skills in a particular field. You should be creative, have the capacity to remember facts and figures, make estimates and solve problems.
Having identified the home based business, you should ensure the following:
1. The home based business should not cost you much money to set up.
2. There has to be a need for the Product or Service in your region for you to make money from home.
3. Your home based business offers your customers a product, service or value that will satisfy them and keep them happy.
4. Another aspect that is often overlooked is that it should be a home based business where you do not need to spend too much money in advertising your business. It should be such that you could start by advertising with "Flyers" and mainly by word of mouth. Word of mouth is very powerful. If you render good service and give something that is unique, the message will spread very fast in your community and your home based business is bound to succeed and you will make money from home.
5. The most economic and easiest way to get started is to start operating the home based business from your home, apartment or condominium. You could always move out to a spacious house or building later.
6. Most of these home based businesses do not need much money to get started in a small way. In fact some of them require only your skills. Financial help and support from family members or a small personal loan from the Bank should not be difficult to obtain. In addition the Small Business Admininistration provides all necessary assistance to start a home based business. Necessary information could be obtained from http://sba.gov. Even credit card facilities are taken advantage of to make money from home by skillful home based business entrepreneurs.
Lack of money or skills should not act as a barrier to start a home based business. If you are really passionate about your business and want to make money from home, it is your determination and the courage to succeed in your home based business is what matters most.
"Believe that problems do have answers, that they can be overcome, and that YOU can solve them."- Vincent Peale
Often the difference between a successful person who is able to make money from home and another is not that the former had better skills, ideas and money but the courage that he had, to take the first step and implement his home based business ideas.
Government funding for small business
Business plan guidelines for the SBA
Free CD with what you need to know
Copyright © 2006 Kanaga Siva.
Kanaga Siva has a wealth of experience in Marketing and also running his own Home Based Business. He now operates his Internet Marketing Business. Visit his website http://www.business-fromhome.com for Articles, Resources, and Ideas to start a Home Based Business and for other recommended Programs