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.

1) Time Freedom – L.O.V.E. is spelled T.I.M.E. For most people, they go to work in order to pay the bills and don’t even get to see their family. With time freedom, think about what you can actually do with your family or close friends. Would you go to the beach or travel to another country? How would you spend time with your family? Think about this.. you can replace money but cannot replace time. Most people work all their lives and never really get to do the things they’ve always wanted to do. By having a successful home based business, you can finally have all the time you want to do all the things you are truly passionate about and with the people you love most.2) Financial Independence – Speaking of replacing money, do you know what residual income is? Residual income is doing something one time and getting paid over and over and over again for life. And how would you feel if you received so much residual income you didn’t have to go to work anymore, worry about paying your house, groceries, and paying off your car note? You’d feel amazing, right?Because you’d be free.. financially free. With a home based business there is unlimited income potential.3) Work Your Own Hours – You can start part time even if you’re still at your job. Then when your residual income surpasses your monthly income, you can now fire your boss.4) Be Your Own Boss – Work when you want, where you want, and if you want. What more can I say. You are the boss.5) Work From Anywhere In The World – Imagine working in your shorts from home. I meant the office. No, what I really meant was the beach. Truth is, you can work anywhere in the world with just having a cell phone and a laptop.6) Choose To Work Independently Or With A Team – You can choose whether to work by yourself or with a team. You’re in a business for yourself but never by yourself. You can create the environment you want by choosing the people you want to work with.7) Create Long Term Wealth – Generational Wealth. Heard of it? All successful millionaires and billionaires have generational wealth. It’s where their money makes more money onto the next generation and even the next generation after that. You can change your family’s finances and create long term wealth through a home based business.8) Low Start Up Cost – Compared to a franchise business like McDonald’s (which takes about $1.5 million to start up), you can buy a into a proven system that will allow you to leverage both your time, effort, and money. But instead, when starting up you only invest a couple hundred to a couple of thousand dollars into a home based business.9) Tax Advantages – Just by having a home based business, you will get to experience the same tax advantages as the wealthy. That also means you get a lot more money back which is usually more than you initially invested into the business.”Having a home based business is one of the best tax strategies ever.”-In the Tax Times newspaper”Why you would be brain dead not to start a home based business (if you don’t already have one).”-In Lower Your Taxes – BIG TIME by former IRS attorney Sandy Botkin10) Give Back/Help Others – Home based businesses can allow you to donate to charities, good causes, churches, volunteer work and help build communities. Also with a home based business in itself, you are helping people everywhere and changing the world.

There are magazines, books, and online advertising promoting “the best” home based businesses. It is mind boggling to digest it all and too often we think “scam” when looking at these options. The best way to choose a home based business is to get to know someone who is already in involved and to use the products. This article will focus on the importance of the relationship side of home based businesses.Some of the most successful people who are making millions of dollars actually toured the plants and met the presidents of ten to twenty companies before making their final decision. The beginner doesn’t have to take it to that extreme, but will do well by forming a personal relationship with a business member who serves as a mentor. A duplicatable business system is ideal for working out of the home. The team member/mentor should be able to explain the process of duplication.The rule of thumb is to understand that people respond to people. The product is the reason to be in business but it is secondary to the seller’s knowledge, passion, and ability to communicate with rapport.Here is a simple check list to use when choosing a home based business:How comfortable are you with your potential team member who is working with you?Do you feel the potential team member just wants to sign you up or establish a long term relationship with you?Are your questions answered with enthusiasm or with irritation?Has the potential team member provided a summary of the duplicatable process or does it sound as if there is a complicated training system?Does your potential team member make time to talk to you?Before signing up with a company, it is important to feel comfortable with the people are who teaming up with you. The focus of most home based businesses is to be in business for yourself, but not by yourself. The actions of the group should prove beneficial for all involved.