369 NICHES ROLLED UP INTO 1 PRODUCT
THE DREAM JOB OF WORKING FOR YOURSELF: HOW TO TURN A HOBBY INTO PROFIT.
We envision our future home to be tremendous: worth a lot of money and the envy of our friends and neighbors.To many entrepreneurs, working at another company for a "boss" was not acceptable...
WHAT WE HATE ABOUT WORKING FOR OTHERS.
When we're in this type of job, we cringe at the idea of going to work and will come up with a list of excuses as to why we cannot go to work that day. Many of us enjoy working.
FIGURE OUT WHAT YOU HATE ABOUT EMPLOYMENT WITH OTHERS.
You should also plan to write everything you think about down in a question and answer format.Usually, with every job that we hate, there is something that we love about it. Many people will work a job they hate if they love the people or environment they work in. Analyzing what you hate about the job is crucial. Remember assessing your life in a logical fashion will help you when you turn your hobby into a profit.
WRITING YOUR BUSINESS PLAN.
In order to compile these ideas, you should take yourself to a place where you can focus on only your thoughts. When compiling the various components of your overall business plan, you should not just consider my questions, but many other questions that will be custom designed questions for your particular type of business. The last section discussed how to look at the job, career, or company you worked for and how to organize your thoughts about it logically so you could learn to come up with a clear plan of what you liked and disliked about your job, career or company.
WHAT IS YOUR HOBBY? FIGURE OUT WHAT YOU WANT TO DO FOR PROFIT.
They make general statements to themselves about enjoying all aspects of their hobby. Usually, this is too general for people when they want to turn their hobby into a profitable business.
LOOK AT SIMILAR BUSINESSES GET IDEAS.
Research matters and will tell you much of what you need to know to keep your business afloat.The first, and for most, easiest way to conduct research is from home or a local library with the use of the internet. Visiting businesses can be extremely helpful depending on the type of hobby you plan to turn into a profit. For example, if you want to start a farm as a hobby turned to profit, you should plan to visit many other farms to see how they conduct their business. What do they do differently from others in the industry? Is there anything special about their product or business? How does this compare to what you want to do? You should also decide if their products have given you any interesting ideas as to what you want to do with your hobby. It absolutely must be taken seriously.
FINALIZE YOUR BUSINESS PLAN. WHAT NEEDS TO HAPPEN NEXT: LEGALLY, EDUCATION, AND FINANCIALLY.
Once you have figured out what you need to do legally or what type of licenses or education you need to be able to open your business, you need to incorporate these important aspects into your business plan. Depending on the type of industry your hobby is, you may need equipment to help you do the hobby.
EDUCATE YOURSELF IN SALES...VERY IMPORTANT!
.Learning sales should be a top priority for you as you get ready to turn your hobby into a profitable business. Even though this may set you back for on your timeline for opening your business, you will probably find that this is time well spent because you will learn the fine art of sales - a task that is usually difficult for many people to master. This is ideal because most of the time, companies will pay for you to be trained in sales and will show you key aspects of how to be a good salesman.
CREATE. DESIGN. WHAT WORKS WITH YOUR BUSINESS MODEL?
Whether you decide to implement other things into your business or keep your business small until you are financially ready to expand, make sure you are constantly analyzing your business to look for new ways to improve...
RINSE AND REPEAT.
The simple act of "rinse and repeat" is like using the blueprints for your organization. With the proper analysis of your past jobs, career or careful analysis of the company you used to work for, you can design an ideal business that will sustain the hobby product of your choosing.
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Martin Vika is a successful author / entrepreneur, both in the offline and online arenas. Currently viewing the privately exposed videos of two elite marketing tools that save up to 70% time on rewriting and spinning articles. Submit to 700 article directories in 5 minutes! linkbee.com/BO3EL
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