Millions of people have dreamed, at one time or another, of launching their own home-based business, and of the incredible opportunities it can provide. The idea of setting your own work schedule and being your own supervisor is very tempting. The ideas in this article can help you progress from the dream to the reality of creating a solid plan.
While it is important to attract new customers, don’t forget about your loyal older ones. You need a lot less effort to get repeat sales than new sales. If your customers are happy, they will come back.
You must go to any limit when you are working to make your customers satisfied. Think about adding a little extra to their order, or slip a thank you note into the package. When you show someone that you are grateful for their business, they will come back for more. People love receiving free items, as it makes them feel special. Prove that your customers are important to you.
Know what your production costs are when trying to sell products you make to avoid losing money. Traditionally, a wholesale mark-up from cost is approximately twice the base cost. Retail is usually double the wholesale price. Price your products at a level that will make you and the buyers content with the sale.
Keep your work and your personal life separate by establishing set working hours. Choose a time to turn off your business phone. Set aside time for yourself as well as time to spend with friends and family.
A great thing for your business is to obtain a post office box for business correspondence. Don’t take the risk of using your real home address when you communicate on the Internet. This ensures your identity is protected and your family is also.
As you can see, it will require a little bit of work and dedication to make the jump. If you can manage to pull through and stick to the plan, you will be able to accurately represent your dream in the company’s image and create something that is long-lasting and profitable over the years.