"For People Who WANT To Tap Into The
MOST OVERLOOK Opportunity, Yet Very
Profitable Home Based Service Business"
There's nothing quite like starting your own home based service business. You pick your own hours, your own clients, your work location and in time even your pay scale.
While many people dream of being their own boss, few get to really
experience the thrill of finally making a break from the 9 to 5.
What most people don't realize is that many of their skills are portable.
As long as what you're doing isn't a "manual labor" type of job that requires your physical presence, many of your skills can be ported from a 9 to 5 job to your
home office.
Providing services to other individuals or companies from home can be extremely lucrative.
On the low end, contractors from India or the Philippines earn about $6 an hour. On the high end, graphic designers, web designers and programmers
with years of experience earn between $80 and $100 an hour.
According to eLance.com, a leading website for listing service businesses, the demand for online contractors has risen by 30% between 2010 and 2011.
Earnings by home based service businesses increased in 40 out of 50 states.
The Demand for Home Based Service Business is Rising
Most small business owners are looking to cut down on costs for services, just like anything else. Instead of having their own in-house teams providing these services, for whom they have
to pay social security tax, healthcare and a
whole host of other hidden costs, many online and small businesses are opting to outsource instead.
From link popularity building to
internet web site design, from content writing to tech support, everything is being outsourced these days.
If you have a skill that can be utilized from home and you don't want to come into an office every day, you don't have to. Why not try becoming a home base service business provider instead?
What is an Online Service Provider?
A home based service business provider is quite simply someone who provides a service. Online that means offering your services over the internet.
It is the perfect business model for:
- Writers
- Business Consultants
- Marketing, Advertising and PR experts
- Graphic designers
- Web designers
- Personal assistant
- Technology experts
- Fitness Trainer
- Computer Training
- Even health and nutrition experts
The list goes on and on.
Once you've selected the skills you want to market, then it's time to get your first few clients. Many service providers find that they have an easier time getting future clients if they do some free work upfront. This helps build out a
profile, get your name out there and also provides the potential for future referrals.
Where Do You Actually Offer Your Services?
As an online service provider, you can offer your services in any number of ways. For example, you can offer your service via email. A writer might communicate with their clients via email and deliver their projects over a content
management system or via email as well.
Technology has made it incredibly easy to provide a service over the internet.
Sites like eLance.com, Guru.com, oDesk.com and Freelancer.com are all well-known job posting boards for freelancers. Or you can create your own professional website to market your services.
And much more. A fitness trainer for example, might offer training classes via video using a membership model. It all depends on the service you provide and how you want to structure your business.
The Pros and Cons of a Home Based Service Business Model
Owning a home base service business is an ideal way to transition from a job to being your own boss. Many of your existing skills and contacts can be used to kickstart your home based service business idea.
Getting started in a service business is often easier than starting any other kind of online business. You already have the service to sell and there's already a market of people who want to buy your services. You don't have
to create a market.
As an example, if you are to enter the Search eninge optimization market, and assuming that you are expert in that market. You have credentials, can cite professional certification, etc.
Then all you have to do is to market your services to the customers in that market and prove that what you offer is worth the price.
The downside to the service business is that it's not very scalable. In other words, as long as you're getting paid per hour or per project, you can't exponentially grow your business.
Plus, you have to be experience in the market with top-notch credentials and network of references in order to convince potential clients to opt for your services. Your per hour or
per project earnings can go up, but you can't put your business on auto-pilot.
Estimated cost of getting started in this business
Getting a website built will generally cost you between $1000 to $2000 for a basic but high quality site. In addition, you'll have to pay $9 a year for your domain, plus $5 or so for shared hosting per month.
You'll also need to purchase any additional software you need for your trade. For example, graphic designers might need to purchase the latest version of Photoshop, while SEO consultants might need to purchase a
couple of seo tools.
In addition, you'll also need to pay a small fee to job listing sites to connect you with potential clients. The fees usually cost a small percentage of the total job, around 2% to 5%.
In total, you can start a home based service business for under $1,000 if you budget carefully or between $2,000 and $3,000 if you want to go all out.
Who Should and Shouldn't Get Into the Service Business?
To get into the service business, you need to have a knack for consistency. If a client says they need something by X date, you need to be able to deliver it by X date. It doesn't
matter if your daughter gets sick or if your cat needs to go to the vet, it still needs to be done by X date.
Unlike a real employer that may take time in firing an employee, freelance clients have no qualms about quickly cutting off a relationship that isn't working. In short, to succeed as a home based service business provider you need to
have an absolute commitment to delivering quality work on time.
If you can do this and you're good at your craft, then you should have no trouble as a home base service business provider. Find your first few clients using the methods discussed above, ask for testimonials and referrals and in time
both your client base and your hourly rate will grow.
If you're a small business own and need a website build for your business, I encourage you checkout SiteSell Services
Next: The Amazing Secret of Information Marketing Business
Recommended Resources e-business Systems and Tools
If you're going to spend time and effort (maybe money) to ensure your business venture is one that would be
profitable (either as a part-time or full time), then you deserve to get the most accurate knowledge base to
systems & tools that will maximize your result.
Instead of spending hours upon hours sifting through the junk online, you might want to look at these
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