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Opening your own home based business can be a pleasing venture. Working for yourself means that you can set your own working hours and pay yourself an amount relevant to your performance in real terms. Perhaps you would like to arrange your working hours around your family so that you can spend more quality time with your children, or perhaps you are just sick of slaving away for your current employer in return for a pocket-sized salary package in a job that has no real prospects. Choosing what your company will do is a very important decision which can make or break your new venture, perhaps you have an existing business idea that you have been thinking about moving forward with for some time, or perhaps you have spotted a gap in the market that you think you can fill. Try to pick something that you feel you will enjoy doing, as there is no point starting your own business to do something that you cant stand. The list below is meant to provide you with some ideas about the possibilities of what your home based business could do. Then again you may even want to think about starting a franchise business, Franchises can also be a great way to start a business and they have the benefit of strong backing and a sound trading reputation as the franchise company is no doubt well recognized. They often also provide you with cut-rate supplies, however there are a few drawbacks too such as the fact that you can only sell approved products and may not source your own suppliers, so be sure to read the contract with awareness.
1. Starting a business that carries out computer consultancy and repair services could be a great way to earn a very nice income for yourself, of course you will need to be outstandingly competent and knowledgeable with computers, or willing to undergo training to really consider this idea, but there is huge potential to earn good returns. A clear-cut and cheap to obtain website will allow you to spread the message regarding the services that you are offering to businesses and home users in your geographic locality. By using SEO you could ensure that the site ranks highly for geographically targeted terms such as laptop repair finchley, this should bring in a passable amount of new business when compared to the effort it will take you to market the site and be much easier to gain first page rankings for than a nationally targeted keyword like laptop repair. A free delivery and pickup service will only help to expand your prospective customer base although if you are considering this then you will need to work out a coverage map that the free delivery service is applicable to and also set a minimum charge so that your traveling expenses are always covered.
2. Ebay based stores can be a wonderful basis for a home based business, many wholesalers these days are providing a service known as drop shipping, this means that you can buy a product from them and they will dispatch it directly to your customer under plain wrapping. This means that you can sell a enormous range of products without even having to hold the items in stock. There are no costs for you unless you actually sell the item so you don't even need to have the money in your business account to buy the product you are selling, the customer will pay you before you then buy the goods from your supplier.
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