When commencing your home based business online, or anywhere else, there are common, precious time wasting mistakes that can be avoided.
Here are some of these mistakes so you will not have to learn by doing them. This will hasten your online learning curve.
The first time tested tip on what not to do when starting your home based business on the Internet is to concentrate not only on the product or service you are delivering but the management aspects of your business as well. For example below, say you worked for someone else as a Web site designer.
You do a great job of designing a number of laudable sites and eventually decide to go out on your own and start a home based graphic design on the Internet. At this time you must know more than just how to design the sites.
You must also know how to choose a good keyword business name. Next you need to write the content for the site or hire out someone else to do it, to advertise your service, set up and manage your accounting functions, perhaps even hire employees in time.
You must know how to set up your home office, so it and your family can work with you smoothly. Also, how to manage the customer service and vendor contacts including payments and complaints.
While none of these things have a lot to do with designing a great Web site they all are crucial to your online success in starting a home based business on the Internet. These little things complete a stage.
Many people make the mistake, when they start a home based business online, of taking on the wrong business partner. They do this either to gain additional finances or to increase and round out the business expertise needed to make it run well.
Some business partners are friends, former colleagues or family members. This is fine but they must be quality and have specific critical roles they and you comfortably agree to.
Most of the time these partnerships crash and burn, without the above.This brings about the additional disadvantage of ruined personal relationships as well.
Before taking on a partner to help start a home based business on the Internet consider other financial resources and the use of consultants. You will truthfully miss your friends and relatives when you are in business, at this time, but you will keep their love and friendship and grow in your business.
Sometimes starting a home based business online does not have to mean starting from scratch. Sometimes it should actually not mean that. If you have not done your market research you may find out that the market will not support your products and services.
The product may be workable but no one will want it or it may not be workable, may not have a large enough market to support your efforts and business, or the market might be saturated.
There are times when the best start is buying into a proven business. That is buying out someone else who has made a success, or has something that can be made into a success in a reasonable amount of time. Reasons for this are caused by retirement, illness or they need to sell their proven and lucrative enterprise, big or small.
Some entrepreneurs start a home based Internet business but dream small dreams. Lots of potential may be there but they do not know how to move up to the next step and just want to quit and get rid of it.
They stop at the point where they are making a decent wage instead of aiming for the entrepreneur stars. You may find nice businesses like this on eBay. It is some work to find them but the payoff can be high for you with a pre started business with a unique concept.
While that may be a sound way to start it cannot generally continue or you will always be fighting a battle to make a living wage and may be forced to cut quality corners, reduce advertising and key marketing tactics to turn some sort of meager profit. One of the premier ways to compete on the Web is to offer great customer service, to go beyond anonymity to warm relationships with your customers.
Many start a home based Internet business by undercutting those that are already out on the Web with similar products. Or, they may be able to take it a step further by improving it in a different direction without even having to purchase another business.
Many businesses on the internet, amazingly, have awful service that is frequently given grudgingly. If you start a home based business, on the Internet, treat your customer as if she or he is the only one that counts.
Many successful Japanese businesses have a saying that tells it all. The customer is God! Granted this is carried away but I think you can understand the critical point made here.
You will have repeat business and be well on your way to entrepreneurial success if you take your customer by the hand and carefully show them how your product works for them.