Home Business Tips That Anyone Can Follow

As greater numbers of Americans are faced with job loss, layoffs, underemployment, or just looking for a viable means for earning additional money, the prospect of starting a home business is an exciting opportunity. Here are a few tip to help and guide you on some of the most popular home business ideas.

Promote your home business by placing banners up on third party websites, and also use your own site for them as well. Banners are header and footer items that show off your business or offer special deals, so having one or several accessible to customers can quickly get more people interested in your home business. Make sure the banners work correctly, and link to where they should.

Want a website for your business? It is highly recommend that you invest in a professional web designer to create your website. Don’t rely on the affiliate site that many home business opportunities provide its affiliates. And don’t hire your 16 year-old family member just because he or she knows a little HTML and made his or her webpage play music and have a blinking background! Compare portfolios and pick a designer who has experience in creating simple but effective websites for small businesses.

Offer your product through other websites via an affiliate program. This builds exposure to your product through websites other than your own. This means that your website will build page ranking as people investigate more of your products. Furthermore, you’ll sell more products if your presence is through multiple stores!

Check out the websites of other businesses that have similar products and services to those which you sell through your home business and see what they’re doing that you’re not. Now I’m not saying copy the competitor’s website, but study whether there is anything on their website that makes you want to buy their product? Do you use the same strategy on your website? If not, how do you start implementing it now?

Also, if you’re going into business, then you want a home business with a product you actually believe in. That may seem obvious but that’s not always the case. I have talked to home business owners about their product, maybe a weight loss product, or a juice that’s going to make you younger or at least feel younger, and you can immediately tell they really aren’t “in to” their product… they are just saying the words.

When you are considering an opportunity from home, why not market a product that you want, and you know everyone else wants, and that nobody will ever say they have enough of. The product I’m talking about is what I consider America’s favorite product – Saving People Money! More particularly, the product is a membership, the membership helps you save money on items you will be purchasing anyway. People Are Looking For Money Saving Tips.

Would you rather market another juice or another pill, or savings? At least 70% of Americans now admit they enjoy a discount and trend-tracking shows each year more and more people are looking for ways to save money.

As already mentioned, home businesses are a big business these days. Opportunities to be your own boss are everywhere if you just open your eyes and keep on the lookout for the right one to come along. By implementing the advice in the article you may find success in a home business can be yours.

Can Barter Save Your Business?

Barter exchanges are probably the most misunderstood of all business systems. Those who join a barter exchange often do not understand how to use them effectively. Those who don’t join them cite reasons such as “it wouldn’t work for my business”, “the fees are too high” or “it’s better to run newspaper ads and do letterbox drops”. However, I have met many people who say that “Barter saved my business”.

In some cases, these reasons are valid. However, in many situations it is simply that the business owner has a “closed mind” on the subject. Just because Joe says it didn’t work for his scrap metal business doesn’t mean that it won’t work for your business.

If you want more customers or clients you owe it to yourself to find out just what a barter exchange can do for you. For many of us it brings a new batch of clients who refer cash paying customers. It can be a Win/Win/Win situation for those who take the time to learn how a barter system can work for them.

According to Wikipedia “a trade or barter exchange is a commercial organization that provides a trading platform and bookkeeping system for its members or clients. The member companies buy and sell products and services to each other using an internal currency known as barter or trade dollars. Modern barter and trade has evolved considerably to become an effective method of increasing sales, conserving cash, moving inventory, and making use of excess production capacity for businesses around the world.”

Businesses who join a barter exchange earn trade dollars or credits instead of cash. These credits are then deposited to their account. They can then purchase goods and services from other members by using their trade dollars. For example, if I buy a meal at my favourite restaurant with trade dollars, the restaurant owner can then use those credits to purchase uniforms, have his till repaired or get some plumbing or electrical work done by other members of the barter exchange. There is no obligation to purchase from the business you sell to, and vice-versa.

The larger exchanges will charge an upfront fee to join. Usually, this will be determined by your expected level of participation and the credit limit offered by the exchange. This fee can be as low as $500 and as high as $2,500 or more for a much larger credit limit.

Credit limits can be substantial ($50,000 trade or more) for barter exchanges who have reciprocal agreements internationally. The smaller and more localised exchanges are often free to join and are gaining in popularity. They will also offer credit limits ($500 to $1,500 credit limits are common).

Barter exchanges make money by charging a commission on each transaction. Transaction fees can vary greatly between exchanges… I have seen fees ranging from 3% to 15% per transaction. As a trade off for these transaction fees the barter exchange does all the record keeping, encourages the members to do business with each other and conducts Trade Shows and Member Functions.

Trade exchanges can act as a “not so silent” salesperson for your business.

The best exchanges will also put buyers and sellers in contact with each other via emails, phone calls and regular newsletters. Many exchanges offer “eBay type” auctions and have overseas holidays for sale on trade.

Property sales are also available on a part cash part trade basis (eg. 10-20% deposit paid on trade and the balance paid for by cash). This allows many trade members to enter the property market, something they couldn’t have previously afforded.

Currently, over 400,000 businesses are involved in registered Trade Exchanges worldwide and annual business turnover exceeds $12 billion. Barter is Big Business!

So, can barter save your business during these times of financial downturn? For many people, the answer has been “Yes”. Personally, I love the concept. It allows me to meet lots of business people that I would not have previously done business with.