Steps to starting a home-based business

Written By Gary Spirer Published March 30th, 2010

So you want to start a home based business but you’re not exactly sure what you want to do, what services you want to provide or what products you want to sell. If no particular skill stands out for you, or you don’t have a specific product you want to sell, you’re going to have some decisions to make about your home based business.

Step 1 Determine what you would like to do

First consider yourself. Yes, this is your home based business, you need to ultimately come first in making the decision as to what to do or create. What are your strengths and what are your weaknesses? You will be spending a lot of time on your business and it doesn’t make much sense to choose something that you don’t find interesting or enjoyable. For instance, if you don’t have patience with children, running a home day care probably isn’t the best choice for you.

Step 2 Know yourself

Do you have a specific skill or a craft you can do? There may be a way to turn that into a business. If anyone has ever suggested you sell something you have made or given a lesson related to an interest you have, that may be something to consider getting paid for.

Step 3 Determine your market and customer base

Next you’re going to want to consider your market. Who is going to be your customer? Do enough of these customers exist? How old are they, where do they live, what is their medium income? What will motivate them to buy your product and will they be able to afford it?

It’s that simple. Remember, knowing what type of business to start is the first step to having your business. Please visit for more great business advice.

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