| A lot of people have been thinking of owning their own | | | | visitor/customer at a higher price for profit. The |
| business but until today it is still remains as a dream | | | | advantage is reseller can decide on the selling price |
| only. You probably know the answers. They could give | | | | and have details of their customer for follow-up or |
| you excuses of too busy with their current | | | | subsequent sales. The disadvantage is most of the |
| employment, not enough capital, no skills set, risky or | | | | reseller need to keep their inventory, fulfillment and |
| not the right time. It is risky in starting a business but | | | | therefore need some capital upfront. However, there is |
| nowadays, working for wages is also risky too as you | | | | a way to handle this problem which it is not possible to |
| may face retrenchment, company downsizing, | | | | cover it in this short article. |
| recession or pay cut. Therefore, you must be | | | | 2. Promoting other people products |
| prepared before any of the problem hits. | | | | This model is also known as affiliate or associate or |
| One of the businesses that everyone can start to | | | | referral marketing. Basically, you will promote other |
| work is a home-based online business which allows | | | | people's product in exchange for commission. You will |
| them to work from home on part-time or full-time | | | | be provided with a special link coded with your unique |
| basis. Below are the features and benefits of the | | | | ID. When a visitor click on the link and buy a product, |
| home-based business. | | | | the software on the merchant's site will track it and |
| 1. Minimum or virtually no daily commute | | | | credit commission into your account. The merchant will |
| You do not need to spend time against horrendous | | | | handle product fulfillment and chargeback and return of |
| traffic on the road to your office or struggle among | | | | goods without your worry. Another advantage is most |
| humans on public transports during morning or evening | | | | affiliate programs are free to join. Your initial expenses |
| peak hours. This will reduce your stress level and | | | | are just tools to promote the product. The |
| increase your available time for your business or | | | | disadvantage is the price and commissions are |
| personal time for your family. | | | | decided by the merchant. You may not have the |
| 2. Flexibility | | | | customer details. |
| You can set your own working hours, wake up time | | | | 3. Selling your own products |
| and even your holidays. This benefit is very useful for | | | | You create your own products and sell it by yourself, |
| anyone who need to spend a lot of his/her time with | | | | through reseller or affiliate. This is the most profitable |
| family members ie. young children or elderly parents. | | | | business model as you have full control on the product |
| You also can have flexibility to set your own | | | | design, pricing and marketing techniques. The |
| procedure or policies since you are the boss, ie. dress | | | | disadvantages are you need to invest time and money |
| casually. | | | | initially in research and development of the product. |
| 3. You decide your own paycheck | | | | There is a risk that your product may not be |
| You are no longer relying on your boss for your | | | | acceptable in the market too. However, you can |
| paycheck, payment date, bonuses nor increment. How | | | | minimize these problems by learning the techniques |
| much and when you will be getting your money are all | | | | from the experts and using cutting-edge tools to |
| depending on your own effort, technique and skills. | | | | speed up your work. |
| Now, here are a few models of business that you can | | | | For any new aspiring entrepreneur, you just want to |
| start with minimum skill or knowledge. | | | | start your business with low capital and minimum risk. |
| 1. Selling other people products | | | | Working from home is one of the many ways that |
| This model is also known as reselling. Basically, you are | | | | can help you to achieve your dream of becoming a |
| buying a product from a supplier and sell it to your | | | | successful entrepreneur. |