A Virtual Business from Your Home – 10 Tips to Get Started

Featured Tips by Jane Trevaskis

Starting a business from your home is an idea that appeal to many of us. It’s particularly appealing to those who have retired from full time jobs but want to stay active. But there are necessary steps to take before you start your business so you don’t bet in trouble with the authorities or burn yourself by not putting the necessary systems and procedures in place. Here are a few guidleines to help you get of to a good start in your own business.

1. An idea or product – in order to have a business you obviously have to have a product. It can be one you have created – either physical or digital – or one that you have the right to distribute. There are many places on the Internet where you can acquire distribution rights to products others have created.

2. All the legal stuff in place – get some kind of legal advice to make sure you have everything that the local, state and federal governments require for a business of your type.

3. Financial systems in place – hire an accountant or find and learn how to use an appropriate computerized system to track you expenses and income. If you’re not a numbers person, find someone who is and engage them on a full time, part time, or consultative basis.

4. List management system – The heart of any Internet business is it’s email list. Select one of the many programs out there that is compatible with email services.

5. Auto responder system – this is a service that, once a person is entered into the system, automatically contacts them on a predetermined schedule.

6. Credit card processing vendor – Absolutely vital — this is how you get your money. The service can be provided by your bank or an independent company.

7. pdf creation program – If you are selling a digital product you need to have some way to convert your Word file to a file that someone else can’t edit.

8. Teleseminar equipment – A phone with a hard wire connection and a good quality headset and microphone.

9. Method for fulfillment – If you are offering a physical product you need to create a way to fill the orders or hire a company that does that.

10. Followup method – The autoresponder system will only work for a single product. To offer additional products to someone you need to put in place a system by which you contact them regularly.

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With your permission, I’d like to offer you a free list of books and websites that can help you jumpstart your business. To check out these resources visit www.success-catalyst.com/SmBus_Home_Page.html

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