Top Tips for Starting a Home-based Business If you’re planning to put up a home-based business, you’ve got tons of opportunities out there. But what exactly is the best way to begin? There are no black and white answers to this question, but read below to get a general picture: Your Paperwork If you can’t afford an accounting and bookkeeping department, at least get someone to manage your paperwork. But don’t think this should be you. You’ll want to spend your time building your business, which is where your concentration should be anywhere. Hire a CPA or bookkeeper instead. To avoid filling up your living room with papers and cabinets, store your documents on the cloud. You’ll find a lot of digital storage solutions today, and you can get a good one at only around $50 a month.
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Merchant Services
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Even if you’re working out of home, you still have to accept credit cards. If you have e-commerce features on your website, have a merchant services provider connect with you on your site. Moreover, if you’re in the consulting business, most companies nowadays pay through credit cards and not invoices, so this is certainly a great option for you. Online Marketing And with no physical location for your clients, you can rely on a website to provide your products or services. Even for the non-technically inclined, creating a website can be easy with one of those free hosting services that come with templates. If you need an e-commerce website or you want to add more advanced features, you should hire a designer. Other ways to market your business online are pay-per-click ads, email marketing, and search engine optimization (SEO), to name a few. Order Fulfillment Services If your business is retail-based, product storage can be an issue, unless you have extra space at home to spare. Otherwise, you can simply outsource your fulfillment services. Some providers may have partnered with your suppliers, who can ship orders directly from their warehouse to the customers. The contract between you and a fulfillment company should include all the details, from storage to shipment to order receipts to inbound customer calls, and must apply in exchange for a management fee to be maid monthly. Digital Communication Finally, learn the importance of e-communication in your business. If you’re going to work from home, you have to establish a consistent means of communicating with your clients, business partners, suppliers and fulfillment companies. Definitely, having a standard telephone connection is a good idea, but long distance and international call charges can be pricey. With a stable Internet connection, you can use a VoIP service which offers more cost-effective options such as video conferencing, digital voice mail and the like. VoIP stands for Voiceover Internet Protocol, an online-based technology that provides unlimited connection at very pocket-friendly rates.