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Hey Guys

Time for another post in a series of ongoing blog posts where I take YOUR questions, make a video answer to them, and them post them on my here on my blog.

The idea is that if ONE person has a question…then chances are that MANY people have the same question.

This is by far the BEST way I know to provide QUALITY content to all of my followers.

If you would like to post a question, simply go here

Scroll to the bottom and “leave a reply” with your question!

Today’s question comes from Cecily
Her question has to do with how to build a list when you have no capital to start with.

Here’s the Autoresponder I use and highly recommend. CLICK HERE To Get It!

Don’t let the word ‘recession’ deter you from following your home business dreams. Contrary to what most people think, there are such things as ‘recession proof’ jobs. The trick is figuring out what they are. Because, they are going to differ from state to state, city to city.

The best way to determine the niche that needs to be filled in your local community is to get yourself out there. Peruse around your neighborhood, get to know your neighbors. Involve yourself on social networking sites with local groups. Don’t be afraid to ask question, to put yourself out there. Remember, any positive contacts you make before you launch your business have the potential to be loyal customers after things have gotten off the ground.

Once you have determined in which area your local community is lacking, you have a starting point. Then you have to ask yourself if you are capable of meeting the need. In order to attain success with your home business, it is imperative that you are meeting people’s needs in a way that no one else can. That gives them incentive to become repeat customers, and also to provide additional business through referrals. Never underestimate the power of word of mouth advertising.

In my area, while it is clear that the recession has taken its toll in some industries, others are thriving. And the majority of those are new, small, home businesses that are able to more easily evolve as needed and pick up the slack where others are leaving off. For example, employment agencies, job matching services, and resume builders are some of the most successful businesses going right now. And industries that rely on data rather than physical inventory have very low overhead, can be done almost anywhere, and have real ease of operation if you know what you are doing.

People in our society have become accustomed to a certain standard of living, a certain ability to spend money on what they want when they want to. And although we all know what the word ‘recession’ means intellectually, it is an abstract concept. Until it affects our day to day life in some way, it doesn’t really hit home. Your successful home business can easily play into that. Help your customers forget that they are in a recession, find a good or service that makes them feel as though the recession does not really apply to them, because they still have the means to live the lifestyle to which they have become accustomed. If you can do this, do it well, and do it often, you are well on your way to running a successful home business. Even in these trying economic times.

One of the keys to success with any home business is, quite simply, not making things harder than they have to be. Do what you know. You will be more confident, and your confidence will only contribute to your level of success. I mean, would you rather buy goods and/or services from someone who knows what’s up or someone who doesn’t?

The home business opportunities that currently exist are infinite. So why not tap into a skill, talent, or hobby that you already have? When considering options for your business, simply ask yourself what it is that you can do better than others around you. Make a list of areas in which you excel. It should be a comprehensive list, because you never know what skill or hobby you may be able to cultivate into a paying gig. Seriously, did anyone really think that there would be a dog walking industry? Don’t sell yourself short by underestimating yourself.

After you have compiled an all-inclusive list of things you are good at, take a good, long, realistic look at what’s in front of you. Of the abilities on your list, which ones are marketable? Meaning, which ones could be translated into a good or service exceptional enough to convince people to part with their hard earned money in order to attain it? Which ones could you see yourself turning into a successful home business? Compose a second list that contains only the things that you could reasonably expect to sell.

By this time, your list should contain only things that you like, are good at, and could reasonably expect to turn a profit by doing. Now you have to consider the mechanics of turning these ideas into money. Be honest with yourself. Can you afford the start up costs? How about the long term operation? Are you going to have the space to store inventory? Is this something that you can undertake on your own, or are you going to need a partner, partners or employees? If you expect your home business to be a success, you can’t delude yourself. Look at things objectively, and don’t be afraid to take a little time to make your determinations.

If you are willing to put a little time, effort, and honest introspection into the process, you should end up with one or two clear ideas for home businesses that not only have a high potential for attaining long term success, but are also endeavors you would enjoy undertaking and have a reasonable amount of expertise in. Those factors add up to a winning formula for home business success.

Ready for another post in a series of ongoing blog posts where I take YOUR questions, make a video answer to them, and them post them on my here on my blog!

The idea is that if ONE person has a question…then chances are that MANY people have the same question.

This is by far the BEST way I know to provide QUALITY content to all of my followers.

If you would like to post a question, simply go here

Scroll to the bottom and “leave a reply” with your question!

Today’s question comes from Jim:
“What tools and methods do you use to find a profitable niche in an area that you have a pre-existing competence and interest?”