Part
4: Have you got Making Money Ideas or are You set to Lose your Money in
a Home Based Business Scam?Find Your SolutionYou
are much closer to making money
ideas for your home based business. You now know what your passions
are, you defined your target
market; and you understand the pain
of your clients.
Focus on these three things and no one can pull home
based business scams on you.
Now you are ready find a solution to the pain.
I assume that you want to get started with your making money
ideas quickly, rather then spending a lot of time and money
developing a completely new solution.
... YOUR ARE SMART.
New developments usually take longer and are more expensive
than expected. Big marketing budgets are necessary to get it to market.
However, providing an existing solution in a novel way is
often very cost effective and successful.
Step 1: Review You Competitor’s Solutions
Start by reviewing the existing solutions that your
competitors offer. Do they reduce the pain? Do they only reduce the
symptoms? Is there a way to treat the causes? Is there a way to do it
quicker? Or cheaper? Can you copy something and improve it?
Check their websites for how they address the pain you
identified. Call them to get a quote to see how they deal with you.
Brainstorm possible solutions without trying to be fancy. Just
write down what comes to mind. Often the simple solutions work best.
This step might give you a clear solution. There you have your
making money idea. If you do, you are done for this part and can move
into the last
ingredient: building
your stamina.
If you are unsure or want more ideas continue with Step 2
today.
Step 2: Research Existing Solutions
If you are not quite certain how you can provide a solution to
the pain identified in your target market, use the internet for
inspiration.
Most solutions do not only exist, but are also packaged into
systems that teach you step by step how to go about it.
Start by doing a Google Search. Try to add
“franchise”, “affiliate”,
“business” to your key phrase to find sites that
offer complete systems with a solution.
Step 3: Do not get Side-Tracked
You will most likely stumble across the sales pages of guides
for various solutions.
Most internet marketers are very good at building emotional
sales pages. Do not get caught in the excitement of how much you can
earn.
Do not worry if they say that the offer is only available
today, or that the last few products are about to be sold. All offers I
ever looked at existed the next day as well.
Keep your target market and their pain in mind: Is the
solution easing the pain? Or does it just sound interesting and
promises you a lot of money?
You want to find an idea for your successful home business.
Your important ingredients are: Your passion, a target market that has
money, and a pain the have. Do not let all that go now, because
something you stumble across looks attractive.
Keep the Focus on Your Making Money Idea!
Step 4: Show Scams the Cold Shoulder
There are scams out there (where the only goal is to take your
money without giving anything of value).
Stay clear of things that only sell themselves without
creating any value for others. A service that only markets itself is
not only a waste of time, it is often illegal.
The real problem is that many buyers of systems do not succeed
because of not applying what they learn. No system will do the work for
you.
You will have to put in the hours and the enthusiasm to make
it work for you. Then you can use a making money idea someone is
willing to sell and can succeed without burning your money.
The Way Ahead
Always leave a night between your decision of
which making money idea to invest in and taking action. The
next page goes through
some final checks and preparations to guarantee that
your making
money idea is successful for you in the long term.
So for now, decide what your favorite solution is and leave it
at that.
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