Many have set sail into the wild blue yonder in search of Paradise. This Paradise is defined as the “I am my own boss” world of home based business ownership. The landscape is dotted with the left-over carcasses of men and women who have tried and failed in this endeavor.Studies and statistics show that nearly 97% of all home based business fail. These 3 simple must haves will help you to avoid the traps and navigate your ship through the often stormy waters of home based business ownership.1) A Game Plan! This is probably something that falls into the “no brainer” category, but far too often we see and hear of people who are starting their home business but haven’t got a clue as to where or how to start. Not only do we need to know where we want to go but it would be wise for us to examine the details of how to get there. We should also carefully consider the costs associated with our new venture as well.2) The second thing every successful home based business owner must have is a DMO or Daily Method of Operation. Without this vital daily action plan we, will find ourselves wasting time and effort doing things that are non productive. Even small home business owners would do well to examine what some large production and or manufacturing companies do on a daily basis. Many have processes in place that help to drive results and eliminate unnecessary wasted effort. Remember, you’re in business to make money and not waste time and energy.3) The third thing that every home business owner must have is a good computer and at least a general working knowledge of how to use it. The days of paper applications and processes are long gone. Many files and old paper processes have been replaced with computers and various computer programs. No longer is the standard letter typed on a typewriter and mailed. Much of our communication is handled through email. The person who does not have a computer and have it in use is far behind the competition. This may seem basic to many, but there are still some people with an entrepreneurial spirit burning within that are not using the tools that can help them to be successful. A good computer in today’s business environment is as much a necessary tool as a good set of wrenches to a mechanic. Not only does the good mechanic have a functional set of wrenches but even the mechanic is using the computer to find valuable information for his trade on the internet.a) In addition to a good computer it would be good advice to get an internet connection and have the world at your fingertips through the world wide web.While there are an infinite number of things that the successful home based business owner should have, just paying attention to some of the basics will give you a foundation with which to build upon.

There are so many benefits to starting a Home based business. Firstly the costs will be lower, there are no travel expenses and you can work in the comfort of your own home. Technology becomes more advanced each year, which means that it is easier than ever to run your business from home. Of course there are many legal issues to take note of, and pitfalls to avoid.Remember This IS a Business!Numerous home businesses fail because the owners don’t have the self-discipline it takes to work for themselves. Although you will have more freedom running your own business, it is still a business at the end of the day and needs to make money. Having set working hours and good head for business are two of the most basic skills you will need when starting out.Depending on the type of business you are setting up, a huge start up capital is not a necessity. There are plenty of web-based ventures that cost very little, and providing you have sufficient computer skills, can be highly lucrative. If you choose to start up an Internet company, it should be treated exactly like any other business, regarding the amount of effort you put in and the legal issues involved.Is Your House Suitable?Before you even entertain the idea of starting a home based business you will need to establish if you neighborhood is zoned for home-based businesses? Some municipalities do not allow home businesses at all, whilst others have strong restrictions on them. If you set up a business without ensuring it is legal then you are asking for trouble. It is best to check the zoning bylaws in your area before doing anything else.Secondly how suited to a business is your home? You will need a decent amount of space for all the equipment and paperwork. Do you have a room you can dedicate to your business? If clients will be visiting your home it needs to look professional and presentable. It is also essential you have an area free of distractions such as pets or other household members.LegalitiesWhen you are starting a home-based business, the legalities become your responsibility. Firstly you will need to decide whether you business is a sole proprietorship, partnership or corporation and then register your business name.Depending on what sort of business you have, you made need a business license. There are many resources online that can provide you with further information on this.Finally you must run your business according to provincial and federal laws, and that includes registering for workers compensation insurance.Starting a home-based business may be daunting and seem incredibly complicated. However there are free, government run organizations that will give you advice and guidance. Anyone can start up their own business, with the freedom to work for themselves and the potential to earn a much higher income. There is nothing stopping you from taking your future career into your own hands and starting a home-based business.

Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.

The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.

It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!

With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.

With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.