It is especially important if you are running a home business to keep track of all your receipts for fuel and to keep close track of the mileage you use. Any business trip, even only a one-day trip, is a deductible business expense. You will need to demonstrate that these expenses are truly business-related. TIP! If you’re having to drive all over the place when you’re working from home, make sure you keep track of the miles […]
Read moreYou need a backup plan just in case your home business doesn’t go well. Have a backup plan in case your website crashes or your product shipment does not come on time. You will not get caught short if you are prepared. TIP! If your home business is your sole income, you should look into a backup plan. This is important to always have a secondary plan you can put into action in the case of a […]
Read moreIt is very important to keep your customers happy. If your customers are happy, you will generate a lot of return sales. Keep customers happy to keep them coming back. TIP! Always work to keep existing customers satisfied. It takes much less effort to produce sales from happy repeat customers than it does to convince a new one to buy for the first time. There are circumstances beyond your control that can make life difficult, and it’s […]
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Create a schedule for both your personal and professional time and stick to the times. You could ignore business calls after a certain hour, for instance. Make space for family, friends, and personal time to yourself. TIP! Differentiate personal time from work time by having regular working hours and be sure to stick to them. It is important to have a set stopping point each day. Like anything else, starting your own home business enterprise is easier […]
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Going above and beyond what is expected will show your customers that you care. There are many ways you can do this, including sending them thank you e-mails, and adding free gifts to their orders. Show them that you appreciate their business. When you provide free incentives and gifts to your customers, they will love it. Show your customers that that you’re taking their business seriously. TIP! Always go out of your way to make your customers […]
Read moreTake breaks during your working hours, but do not do anything too personal that could take you away for too long. Do not start complex improvement projects or start long, personal calls. Take regular breaks and throw in a small exercise routine to keep the body active. TIP! It’s healthy to take short breaks over the course of your work day. Don’t use your break time to take care of complicated personal matters, however. Launching a home […]
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Create an elevator pitch for your business. If you are able to talk about your business in a couple sentences, it will impress prospective clients. Cover the areas that your business can improve to build credibility with customers. TIP! You should be able to talk about your business plan and goals in a few sentences. If you’re able to tell others what your business is about in a couple of sentences, you can impress people when you’re […]
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You must figure in cost, in order to know profit when you are selling items which you have made. Basic wholesale prices would be twice that of cost. Retail pricing mark-up is twice the wholesale price. Try and establish a price-point that benefits both you and the consumer. TIP! Determining a fair price-point for any home-made goods you sell is critical, so ensure you have an accurate idea of your production costs. Wholesale mark-up could double the […]
Read moreIf your home-based business requires you to drive during your working hours, be sure to track your mileage and collect receipts for the gas required. Such expenses are wholly deductible, no matter how long or short the trip. You need to be able to prove that what you did while driving increased your business’ profits. TIP! Driving can be written off if it’s for business. Travel expenses, regardless of their distance or frequency, are completely deductible for […]
Read moreTry to go out of your way to make your customers happy and satisfied with your products and services. Pack a free gift with their purchase, or include a thank-you note expressing your appreciation for their business. Two things that customers like are appreciation and free things. Show your customers that that you’re taking their business seriously. TIP! Don’t just do the bare minimum to keep customers happy. Include a special gift and a thank you note […]
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