Home Business Success part TWO-

Know Your Product or Service:

Once you have selected your product or service to sell, it may or may not be something that you use yourself but you need to know your product intimately.

(At the very least you need to have a strong “working” knowledge of the products you intend to bring to the marketplace.)

 

 

          For Example:

 

          If you are selling ebooks then know the content and its value. If you are selling software then use it and know it "inside out". Having a good working knowledge of your “product(s)” will help you develop a reputation of providing quality information. Having excellent product knowledge can also help you become “the” preferred supplier to your customer base.
            NOTE:  

In cases where the seller won't be a product user, the seller can still know the benefits and features of the product intimately.

 

REMEMBER your “Administration” duties and legal obligations pertaining to your “Home Business”! 

1. Use good record keeping practices.

        This may involve a consultation with a tax advisor who can let you know about the optimal way to set up your financial records and what records need to be kept. Your advisor will also recommend record keeping systems and you can find out what software may simplify this aspect of your home business. Additionally, a good finacial advisor can help you with information on the best arrangement for your bank accounts.

(You will most likely be advised to have a separate bank account.)

2. Computer Protection:

        Your computer is the lifeline to your home business dealings and must be protected including the data that is stored. You need a virus scanner, personal firewall, anti-spyware and anti-adware and preferably an email scanner with the ability to delete suspect of spam email from the server before it is downloaded to your computer.

(I will not recommend any programs here. But, you can email me if you want a recommendation.)

3. A Domain Name:

        You will most likely need a domain name for your home business and one cost effective registrar is GoDaddy, http://www.godaddy.com.

(I used them when I registered my 1st website; and I still use them for domain name purchases.)

4. Payment Processing:

        You will need a way to process credit cards; that may be using services. I have personally used

 

        - PayPal https://www.paypal.com

 

        - Clickbank http://www.clickbank.com

 

        -Quickbooks.com

There are others out there. But, I’ve had good experience with these.
Once your home business picks up you may need to look into your own merchant account for credit card transactions.

10. Email accounts:

      Once you have your own domain you can use an associated email account. This can further assist in the promotion of your home business and promotes a more professional business image.

One more IMPORTANT bit of “friendly” advice:

Conduct your home business ethically, provide extraordinary service and be proud to put your name to the products or services that you are selling and you will be on track to developing a sustainable long term internet home business.

Until next time- May God bless your endeavors.

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