Cottage Industries have long been an important segment of American Business. In fact, most small home-based businesses fall into this category. Merriam Webster actually defines cottage industry as “An industry whose labor force consists of…individuals working at home with their own equipment.”With the advent of the World Wide Web, new cottage industry home-based business start-ups are at an all-time high. There are currently more than 234 million websites, and in 2009 alone, an additional 47 million were created. Now, more than ever, businesses are heavily marketing online. Social Media sites are dominating the internet and smart businesses are using these sites as a very effective part of their online marketing strategies.Article writing as a means to advertise businesses online is proving to be a very viable work-from-home cottage industry. Network-marketing, social media marketing, Mult-level marketing (MLM) businesses- it seems as if every business has incorporated article writing into their marketing campaigns, so the demand for these writers is great.Article writing helps with “branding” a particular business or product. Articles are written and then published online as a way to get name and product recognition. It is a very simple, proven, effective step in accomplishing the “branding” that every business must have in order to stay ahead of their competition and remain successful financially.Home-based business typically do not require a large capital investment, which is why so many people are drawn to these cottage industry endeavors. A reliable computer and an internet connection allow you to work from home, set your own hours, allow a viable income while you work from home, and provide the life-style flexibility that so many people are looking for these days. There are many programs available online to assist you with your article writing as a cottage industry home-based business.There are internet marketing and coaching programs available online and the amount of marketing information that they can provide you with is astounding. A good, legitimate, reputable internet coaching and mentoring center will not come cheaply. Remember, you are getting what you pay for. If a program promises to teach you “everything you need to know” about internet marketing for just a couple hundred dollars, you aren’t going to get anywhere near everything you will need to know. A comprehensive internet marketing coaching and mentoring program will probably cost somewhere just under $3,000. 00. Many offer payment plans to make the cost more manageable for the average new home-based business owner. I tell people to think of this an investment in your education and future financial success. If you can pay someone $3,000.00 to teach you how to earn anywhere from a couple thousand to a few thousand dollars monthly, then your initial investment is actually pretty small, and can be recovered in a relatively short period of time. Pretty good investment, right?The beauty of internet marketing and article writing as a viable cottage industry home-based business is that, if done correctly, an individual can earn residual income long after he or she has stopped working. If you can expect a few hundred dollars to trickle in every month, you’ve got a residual income that will provide you with some extra spending money! Not to mention the fact that you will, forever, have the ability to be your own boss and work from home!
How To Succeed At Online Product Creation The Easy Way
Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.
Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.
Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.
Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.
Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.
Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.
Considerable Factors Involved in Product Creation & Marketing
The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.
Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.
The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.
It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.
Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.
The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.
People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.