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Effective Marketing Strategies in Product Creation

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. 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 excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.

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Home Based Business – Advice on How to Stay Focused

If you have been bitten by the home business bug you need to be aware of the many challenges you will face in making your business successful. This article was written considering several factors that can detract the home based business owner from staying focused. If you are not trained to avoid distraction it can become quite an ordeal. Read on to get some advice on how to stay focused while running your home business.One of the biggest challenges you are going to face is successfully avoiding the many distractions that are part of working from home. You need to separate home and office and train yourself to accept that you are running a serious business, which is a separate entity from your home. You need to structure your thinking and practice discipline to ensure maximum productivity for business success.Set up your office as far away from the major traffic areas in your home like the kitchen, TV room, etc. If you plan to claim tax deductions you will need to keep your office separate from your home. Talk to your family about the seriousness of the business you are trying to run and the importance of their cooperation with giving you the quiet you need.While you have complete freedom to work the way you want and set your own schedule, it is far better to stick to some kind of work schedule that emphasizes the seriousness of your venture. If your home based business has to do with client interaction, you will need to keep reasonable hours anyway. There is danger in having too much freedom because as human beings we are conditioned to follow schedules.The Internet is our greatest boon for business opportunities and information, but can also be one of the greatest distractions as well. It is so easy to get hooked on surfing the net when you don’t have someone looking over your shoulder. It is far better to make a conscious effort to keep the browser closed when you are working unless you need to use the net for work.Distractions are a part of life and rather than fighting a losing battle against them, you can work around them. Try scheduling break times that allow you to play with your kids or the dog, write some personal notes or catch up on emails or talk to your spouse. In this way you will not feel guilty about wasting time.Make use of the advice in this article to help you stay focused on making your home based business a super success!

Stop Looking at the Potential in Your Home-Based Business Prospects

My husband has a saying that I believe is fitting for this article. He says, “I got out of the mind reading business because I wasn’t making any money.”No, he has never practiced fortune-telling. He’s never had a crystal ball or anything like that. However, there is a ton of validity and a depth of wisdom in that statement that I believe will help you in your home-based business.In essence, what he was saying was trying to read people’s mind and figure out what they were thinking is an almost impossible practice. Attempting to do that was frustrating him to no end, so he made the decision to stop because it was getting him no where.Most people have a propensity to look at others and see the vast amount of potential in them. And in some ways, that is a good thing. For example, seeing the potential in someone may keep you from completely writing off a teen who is acting rebelliously as a waste of your time.But the reverse side of that is, in business, it can also be very frustrating because when the object of potential doesn’t live up to your expectations, you can feel let down and hurt.As against the grain as this may sound, if you really want to be happy in your home-based business, you are going to have to stop looking at the “potential” in others.There have been a number of times when I knew or had seen someone with great social skills and thought to myself, “Wow, they would be a great addition to my business.”I vividly remember wanting them to enroll them so badly because I knew the money they could make with their social “gifts and talents.” After all, what is network marketing if it’s not a people business? And who better for a “people” business than a social butterfly and people person?You’re laughing, right? How many times have we all fallen into that trap? We get our hearts broken and our hopes dashed because the very person we just KNOW is going to be a superstar in our business either decides not to join or enrolls and winds up a complete and utter failure.I may not be the most intelligent person in the world, but I know if I keep striking my toe on the corner of my bed at night, next time, I’m going to turn on a light to see where I’m going!The same applies in home-based business. You must decide to stop looking at the pent-up potential in others and deciding who is going to be a rock star and who is going to be a dud in your business.For those who’ve been in network marketing for a while, this is called “pre-qualifying” prospects.The truth is you can’t honestly pre-qualify anyone. Over time, I’ve seen that those who I believe would end up as studs in my business turned out to be duds. And some of those who I thought their glory would be in enrolling into the business, turned out to be some of my best business partners!When you stop trying to determine what kind of success your prospective home-based business partners are going to have, you will be a lot less frustrated in your business. Since time is the only way to reveal who will be good and who will be bad, it is actually kind of silly to guess.Sure, it is wise to always have your eyes open for sharp-looking prospects. That just makes good business sense. You never know who will and who won’t, but with a sharp prospect, if they are one of the ones who will, you may have a network marketing superstar on your hands. So, yes – you should prospect sharp people. Never stop doing that.But, what you can’t do is get bogged down in seeing the potential in someone who hasn’t even joined your business opportunity, yet. The time to start seeing their potential is in their actual “doing” of the business. That’s when they provide you with tangible evidence to gauge their level of potential.Learning this one thing can totally help to alleviate the inevitable levels of frustration everyone experiences when building a home-based business.The old mantra still applies: Some will. Some won’t. So what. Who’s next?That’s the mindset you have to adopt to avoid being frustrated in your home-based business endeavor.Implementing this one strategy into your business will keep you from being disappointed, anymore. If you focus on seeing and developing your own potential, that will be serve as a helpful aid in drawing the right kind of prospects to your business, anyway.Stop focusing so much on the potential of others and focus on your potential. Ask yourself are you doing everything you can do to succeed in your home-based business? Assume the responsibility of fulfilling your own potential, and you’ll be amazed at how much more you accomplish!