3 Pillars of Building a Successful Home Based Business

building a successful home based business
This blog post is a guide to building a successful home based business while avoiding the pitfalls of wasted time and money.

In this day and age it is almost impossible to maintain a decent standard of living on one paycheck. In a family where children are involved it is not always feasible for both dad and mom to have a job outside of the home. Daycare expenses, the need for a second car and too much time away from the children are some common drawbacks.

This however is the exact situation that a Home Based Business works to its greatest advantage.

 

Home Based Businesses are great. They can be extremely profitable, but without the proper knowledge and tools you can waste an incredible amount of time and/or money. This defeats the purpose you started out with, namely to make money and have time to do the things you want to do.

 

This post was written to give the average person like you and I a practical guideline to building a successful home based business the right way, and to save you wasted time and money.

 

My experience has shown that there are basically 3 main pillars or principles of building a successful home based business

Pillar #1: It must have minimal start up cost. A home based business that has a high start up cost will take longer to see a profit. As we said earlier, time is one of the things we are trying to cut down on. Minimal cost will also make the home based business more accessible to a larger amount of people just starting out.

Pillar #2: It must be easy to set up and maintain.

The more complicated your home business project, no matter what it is, the more likely you are to give up out of sheer frustration before you see a profit. A business that is easy to set up and maintain will give you confidence and a sense of accomplishment as you complete each simple step in the process.

Let’s face it if you enjoyed wasting a lot of time and effort maintaining a home based business you would not be reading this article. This is about freeing you to spend time with your family and doing the things you love. Not creating another taskmaster to replace your job! The first two pillars of a solid home based business are necessary for the third to occur.

Ask Yourself: Am I Building a Successful Home Based Business?

Pillar #3: It must have a quick return on investment. (ROI) home based business tips for success

You can spend months building a home based business, but if there is never any real profit generated in a reasonable amount of time. Many people may get discouraged and give up. What is a reasonable amount of time? I would plan for a time frame on the order of weeks instead of months.

Depending on the type of home based business some people have had a decent ROI within days. Unbelievable as it may sound some businesses that deal with affiliate marketing and sales can see profit as early as 15 minutes from startup!

You may be thinking to yourself “that’s too simple!” Let me say that within these 3 pillars there is plenty of detail to keep anyone busy. The business that you choose to start should definitely be something that interests you. Possibly even something that you already have a measure of experience in doing.

Whatever home based business you get involved in make sure that it is propped up by the 3 pillars listed in this here.

Do not make the mistake of over complicating your efforts. You will see very quickly that you will get bogged down with a lot of needlessly wasted time and effort. Here’s to you building a successful home based business and having massive success in your life.

So there you have it, I hope you got value from these tips on, “building a successful home based business” If so, I would greatly appreciate if you commented below with your thoughts and shared on social media.  Also I encourage you to explore what it is we do further by using the links / resources below and remember to subscribe to keep updated on my latest content.

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“Make More Money, Work Less and Enjoy Life!”

Billy Jury: Marketing Blog

Email: billyjury1@gmail.com

Mob: +44 7722 327 088 (GMT)

 

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