In these times of economic uncertainty, wouldn’t it be nice to create a business opportunity that could provide you with a secondary income? This is exactly why most people enter the world of Internet home-based businesses: bills are piling up and they just can’t get ahead with their nine-to-five jobs.What is the difference between the average Joe and the successful Internet entrepreneur? Time, patience, commitment and adherence to some basic principles that anyone who wants to succeed at the world of home-based businesses should stick to.What are these five tried, tested and true pieces of advice to Internet home-based business success, you might ask? Find a mentor, develop a solid marketing campaign, stay focused and committed, don’t jump the gun at false leads and be realistic.Finding a mentor is not as easy as it seems. The Internet is still a fairly anonymous communication medium, which means that there are a lot of scam artists out there. When choosing a mentor, do some digging. Are there bad reports on this individual with your preferred business regulation agency? Does this person have an established online presence? Is this person actually available for contact, or are they little more than smoke and mirrors? Finding a mentor, someone who is available for continuing education, instruction and support, is one of the most vital components to your home-based business success – just be sure to do your homework so you don’t get duped.Developing a solid marketing campaign is a multi-level process that is crucial to your online success with your home-based business. A good mentor will advise you on such areas such as: content-based marketing, article and press release writing, promoting through social network mediums and other ways to boost your search engine status. The most important thing about your marketing campaign is to be relentless and never stop promoting.Staying focused and committed means setting aside time each day to work at your home-based business. At the beginning stage, this is easy – because you’re excited and eager to earn a secondary source of income. But, as time rambles on, you may find your home-based business sits on the back burner as kids, full-time jobs and other commitments override your Internet business in priority. If you’re going to succeed in the world of home-based businesses, you have to work at it every day, on both your business itself and your marketing campaign.Don’t jump the gun at false leads. Again, your mentor should show you the dangers in paying too much for false leads.Also, watch out for home-based business opportunities that simply sound too good to be true. Trust your instincts.

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.

Starting a home based business enterprise is much rewarding. By starting such an enterprise, the owner of the business has full control of the business and enjoys the benefits of being his/her own boss. A home based business enterprise allows the owner to explore his/her full potentials. Rather than looking for formal employments where you assist someone else to realize his/her dreams, starting a home based business will help you to focus on your own dreams and help you achieve your financial freedom faster.Turning home based business opportunities into reality may be a daunting task for many as it involves resource mobilization. It starts with the idea generation, which is hard for many. Starting a business opportunity also requires one to work hard. It needs the owner to work extra hours so as to make the idea a reality. Entrepreneurs must also be smart in mind; they employ both mental and physical efforts in the business.However, the entrepreneurs should be able to foresee the benefits behind the hard tasks as it has more rewards. For a determined entrepreneur, starting home based business enterprise is the easiest. The entrepreneur enjoys cheap labor from family members who he may not pay for sometimes. He can also use the family resources to start the business, which reduces business expenses. The government does not charge tax on home based business enterprises; the business owner is relieved from the cost of commuting, there are flexible working hours and the owner enjoys the satisfaction of being his/her own boss.Exploring home based business opportunities and turning them into realities creates employment opportunities. This reduces the global problem of unemployment. The jobless citizens come and secure jobs in the business. When employment opportunities are available, people are able to earn a living, which improves their living standards. The employment opportunities created by these businesses also increases the Gross Domestic product of the concerned countries, which finally improves the global economies.The home based business enterprises lead to development of urban centers. People move to the business enterprises in search of employment opportunities, in the process they interact and socialize. They then start to invest in other business opportunities around the place. The fact that different people from different social backgrounds interact, leads to exchange of business ideas and technologies that are important for economic development. The interaction of various people from different backgrounds also leads to civilization and modernization.Home based business enterprises provide avenues for the owners to make extra cash. The owner can operate them along other economic activities. This is because the owner can hire cheap services and labor from the family members who he/she can employ to attend to the business while on other duties.Once a home based business enterprise has been set-up, it can improve its image in the market through the process of affiliate marketing. This is where the business owner for having brought a new customer into the business rewards an individual or customer of the business. Given that most modern businesses operate online, the owner of such businesses can design an ecommerce website for the enterprise to reach many clients and increase the sales volume.