Top Home Business Success Clue in Nigeria
Top Home Business Success Clue in Nigeria
Filed in Business Idea, Business in Nigeria, Business Plan, Business Research, How to Grow Business, Marketing Plan, Research Papers, Top Ideas, WorkfromHome by BusinessHAB
The Home Business Entrepreneur (HBE) does not usually hire employees.
He or she prefer to work independently.
However, they are often good at interpersonal interaction.
Therefore, they understand and consider other people’s feelings.
Including those they have professional relationship with.
The most suitable type of business for the HBE is a home-based business.
In this business model, customers are either individual clients or other businesses.
As a rule, the HBE likes to stick with established contacts rather than switching them often.
To that end, he or she will try to maintain and develop their contacts.
The largest comfortable business magnitude for the Home Business Entrepreneur type: Small
As an HBE, self-motivation is essential for you.
You are likely to doubt your venture’s success, and sometimes you might be intimidated by the obstacles inherent in any business’ development.
Among the many types of existing businesses, there are ones that suit the HBE very well.
In fact, many HBEs successfully run their own businesses.
2. Assess situations:
To be successful yourself, you should be able to accurately assess situations.
Be familiar with advertising methods, and know how to manage and develop your business.
Do not rely solely on yourself when assessing your situation.
It is necessary that you get opinions of experts in your field of choice.
As well, try to learn as much as possible about the kind of business you intend to start.
Businesses typical for the HBE are usually locally situated.
But targeted at a wide audience.
Therefore, you should run your advertisements locally.
Rather than nationally or internationally.
Various Internet advertising tools are very useful for this purpose.
For example, sending solicited commercial emails to professionals and other customers is a valuable practice.
3. Contact potential customers:
It is also highly beneficial to contact potential customers by mail, telephone.
Or other means of communication.
Carefully analyze consumers’ needs and design your commercials so that they target these requirements.
4. Create and support your business’ brand:
It is also important to create and support your business’ brand.
Give your business a name that reflects your own name.
Or one that expresses the essence of your company.
Develop a logo or a picture that represents your business.
Distribute branded pins, fridge magnets, and similar items to your customers.
Try to find a customer with whom you can form a long-term or wholesale contract.
This type of contract is very important for your business’ stability.
It makes sense to offer this customer a significant discount on his purchase to obtain exclusivity on the contract.
5. Personalize your relationship with the customer:
Customize your product or service to fit a client’s individual demands.
You can easily tailor your goods to a customer’s needs.
As your production usually occurs on a small scale.
Try to personalize your relationship with the customer.
Make sure they feel that you are selling your product to them personally.
6. Offer complimentary consultations:
Considering their specific wishes and demands.
Offer complimentary consultations – the grateful customer will return to you repeatedly and will recommend your business to others.
In your interactions with people, you often offer friendly support or sympathize with them.
However, it is important to remember that in business interactions, you represent your goods or service.
Thus, when talking to customers, you should present your business in a way that makes them trust your knowledge and skills.
7. Skills and knowledge:
Your business is based entirely on your own skills and knowledge.
Thus, your business’ productivity highly depends on the effort you put into it.
You should assess whether or not you have the ability to attain your required level of income.
8. Service or goods prices:
Of course, a business’ profitability depends on the price of its service or goods.
But you can only raise your prices once there is high demand or you have established a reputation.
It makes sense to periodically invest in new, up-to-date equipment.
This can help you increase productivity or improve the quality of your service or goods.
In some cases, new machinery makes your work easier or creates new opportunities for your business.
Businesses Favorable for the Home Business Entrepreneur
HBEs usually work in the following professions:
- Daycare or kindergarten owners
- Personal support workers
- Tailors and seamstresses
- Small-scale caterers
- Assembly workers
- Transcriptionists and typists
- Computer consultants
Working from home is a dream come true for some people.
You can skip the rush-hour commute, work in pajamas and avoid annoying co-workers.
However, between the unfolded laundry on your floor and your favorite daytime TV show, working from your house can also be incredibly distracting.
Working from home can open up a lot of opportunities to do anything but work.
A pile of dishes in the sink or laundry in the hamper might be calling your name.
But too often, these distractions wind up greatly impacting productivity.”
9. Have a designated work space:
A dedicated space, whether a home office or a corner of the bedroom, is the key to staying successful and productive.
Even though you’re at home, it’s important to feel as if you’ve gone to work.
“I think the best thing you can do when you’re working from home is replicate an office-like station.
That can help you get in the zone,”Compartmentalizing your home life from your work life is key.”
10. Stay connected with your co-workers.
Make sure to use technology to check in with co-workers and managers.
To avoid being forgotten, consistently communicate about progress, ideas and insights.
Shallow suggested working out with your company exactly how you will provide updates on projects.
Connecting with co-workers through social media such as Facebook, Twitter and LinkedIn.
These sites help you connect with co-workers on a more personal level.
11. Do the prep work:
Before your workday begins.
Make sure you’re prepared by having the tools and technology you’ll need to be productive.
It’s also important to have a tentative schedule in place before you clock in.
“Whether it’s creating a daily task list or taking stock of the additional tools and programs.
You’ll need, think about each day before it happens.
Getting sick of your apartment walls? Find a quiet coffee shop for a change of scenery.
Have a call-heavy job? Invest in a solid headset.”
12. Commit to work tasks during your working hours:
For some people, staying focused on their job while working remotely can be difficult, especially at first.
When you’re on the clock, ignore the laundry, yardwork, dishwashing and cleaning.
“It’s OK to make exceptions here and there.
But overall, try to stick to normal work hours.
Avoid chatting on the phone with anyone, watching TV or other obvious non-work-related activities.
13. Remember to move:
It’s easy to stay glued to your desk or couch all day as a remote worker.
And that’s not good for your health or your mental acuity.
Remember, working remotely doesn’t need to literally mean from home.
Getting face time with clients at a coffee shop.
Working in a Wi-Fi-capable location or just changing scenery are ways to remain productive while also moving around.
“I find myself running out to meet with clients or attending networking events on a weekly basis.
By establishing a routine to dress and look the part.
I can easily come and go throughout the day without stressing about getting ready for a last-minute meeting.
Make it a priority every day to ensure you’re not sedentary for days on end, holed up in an apartment.
If you hit a creative block, try to go for a walk or even do an at-home quick exercise to clear your head.
14. Don’t work 24/7:
Drawing a line of when work begins and ends is crucial.
If you don’t adhere to scheduled work hours.
It’s easy to log back in and continue working well past your 40 hours.
“Working from home could very well become a 24-hour-a-day job if you let it.
Set office hours, and stick to them.
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