The Internet has brought a revolution in the world of home based businesses providing various ways to make extra money from home. The best thing about a home business is that you can work as many hours as you want and whenever you want to. There is no additional commuting time spent and all the money that you make, goes straight into your pocket and not to a company that would take its chunk out first! Luckily, there are various ways that you can use to promote your home based business without having to pay a penny! Below are the Top 3 ways:One of the best ways to promote your home based business is to convince the other business owners to refer new clients to you. While this may sound difficult, it is often more easily achieved than you may think. Typically, there are many business owners who would like to work on joint venture basis. You should try to connect with several such business owners, by visiting social media sites like Twitter, Face book and even some of the forums regularly. After developing a healthy relationship with some of the goal oriented people, you can ask them, if they would like to promote your services to their clients, by telling them that you would also refer them to your clients who might be interested in taking benefit of their services. This method of promotion is not instant, but can give you great reward, if you work on with the right business owners. A second way to promote your business, will depend on how you want to run your business. You might want to start off your home based business by having clients who are your friends, family members and neighbors. It is important that you treat them politely and give them prompt service, when you are working with them. These three characteristics will help you convince them to spread the news about your business to their friends and family. This entire process is called word of mouth marketing. The best part about it is that it costs nothing to you! A third way to promote your business is through solicitation. While this may seem like a rather hard way to promote your business, finding the right people and providing a valuable service every time, will bring you new clients. When you are making new contacts, you need to make sure you are polite, prompt and professional. So that you will be in position to convince them that the service provided through your home based business will assist them to have best success online, which may turn them into your lifetime prospects. Whether you choose to have other business owners refer you new clients or try to get clients through any other way, see that you run your business in a positive manner. The customer is always right, no matter what they want to do. Being polite, prompt, and professional will make a positive impression on their mind. This impression may just give you additional clients with no work other than being a good business owner required. There are plenty of ways to market your business that do not require money, you just need to find them!
How to Promote Your Home Based Businesses Without Spending a Penny
Did the Bank Bailout Help Small Businesses?
Just as owning a home was assumed to be a positive financial strategy for individuals, small companies owning commercial real estate was typically seen as a routine and constructive piece of their commercial financing during the period leading up to the most recent financial crisis. Both of these assumptions start to fall apart very quickly when it is difficult or impossible to obtain the underlying real estate loans from banks. Real estate continues to be a major component of the overall economy, and ongoing difficulties involving either obtaining or refinancing commercial mortgage loans presents severe problems for both societal economics in general and small business economics in particular.
Did the Bank Bailout Help Small Businesses?
One of the primary arguments made in favor of bailing out banks in 2008 was that it would permit the restoration of “normal financing” to businesses of all sizes everywhere. Seven years later most small businesses are still waiting for bailout funding to “trickle down” to them. Working capital loans and commercial mortgages are missing in action for many commercial borrowers.
Real estate has regularly been in economic news for both good reasons and bad reasons during the past several decades. Starting around 2005, concerns began appearing about the financial health of both real estate and the overall economy. What we did not know at the time was that banks began making speculative investments in financial derivatives tied to real property at about the same time. Some of these investment practices produced massive losses that precipitated the public banking crisis emerging in 2007 and resulting in a widespread bank bailout program in 2008. Even the few instances in which these derivatives produced profits for the banks proved to be controversial because the profitable investing was frequently at the expense of banking customers.
Zombie Banks and Troubled Banks
Here are two of the real estate and banking problems that are still very actively impairing the small business economy:
Zombie Banks are still operating – a Zombie Bank is one with a negative net worth (liabilities exceeding assets).
The FDIC (Federal Deposit Insurance Corporation) Troubled Banks List still has more than 200 banking institutions on the list.
It is worth noting that the FDIC does not publicize the problem bank list or name specific banks on the list – probably fearing a “run on the banks” if they did so. The recent “bank holiday” in Greece illustrates how quickly bank depositors can lose confidence in banking institutions. But the FDIC does release the number of banks on their troubled bank list on a quarterly basis. For example, the March 2015 total of problem banks as defined by the FDIC was 253. In comparison, the total was more than 850 banks at the peak of the recent financial crisis – but there were less than 50 troubled banks before the 2008 bank bailouts.
What to Do When Banks Say No
Small business owners must draw their own conclusions about the current financial health of banks, but it seems unlikely that a “Troubled Bank” will be able to make a “normal” level of small business loans. If banks are still saying “No” to routine commercial financing for creditworthy small businesses, what is the recommended response? Small business owners should actively review alternatives that include non-bank financing, reducing business debt and increasing sales with cost-effective solutions such as business proposal writing. At some point the practical need to fire their bank and banker will by necessity become one of the realistic actions by a commercial borrower in need of business financing but unable to obtain it from their current banking institution. In such a scenario, “You’re fired” can quickly become another example of life imitating art.
Launch an Easy Home Based Business to Boost Income and Get Out Of Debt
Launching an easy home based business is one way of dealing with the housing slump, global recession, and continued layoff of workers in every type of industry and profession that has hit people’s personal finances. Many former two-income households are now finding themselves with one income, which makes paying the bills very difficult. People that are single and are victims of downsizing at their job also face tough economic times as well, especially being unemployed.
In this economy being able to help supplement your income or launch your own cash generating enterprise that makes you your own boss can be the difference between bankruptcy and financial freedom. The silver lining to these financial woes is that it is the perfect time to start an easy home based business for very little money while using the existing resources you already have.
The Internet is creating millionaires who are more self-made and is helping people get out of financial debt. Your personal goal might not be to be the next Mark Zuckerberg CEO of Facebook. It could be you just want to be financially independent, set your own hours, generate cash flow online, live comfortably, and have time to enjoy life. Each person’s financial goals are different.
If you want to make $5000 to $50,000 monthly, it is possible with the right home business model. There are two excellent proven ways to make money online that only require using a computer that has Internet access. The Internet has made it possible for anyone to generate positive cash flow on a consistent basis using a cost-effective small business model.
Affiliate marketing is a billion dollar sales business that allows you to quickly make money online working with well-known companies and Internet entrepreneurs with hot new products customers love. Most major online retail outlets and companies have affiliate programs that you can sign up for to earn commissions on products and services you promote directly. You act as your own boss and get a sales commission from every sale made from your marketing efforts. Financially successful affiliate marketers use an effective and proven strategy to make hefty profits.
They create a website or blog for each different affiliate product or service they plan to sell. Having multiple websites and blogs active online greatly increases visibility with potential customers compared to one cluttered website or blog. Domain registration, web hosting and design are cheap. It can cost under $10 a month. Most web hosting companies offer pre-designed templates, so you do not even have to learn web design or spend money to hire a web architect.
As an affiliate you will be a given a unique code for each product or service you sell. Each time there is a sale made through your code you get paid. It is simple as that. To generate high-quality traffic to your affiliate website use free article submission directories, market in social media networks, and create viral videos talking about the product or service. You will make money as an affiliate marketer if you take these steps.
Another lucrative way to make money with an easy home based business is by monetizing your website or blog. There are sites online that make serious cash through online advertising revenue. It could be you already have an existing blog or website about celebrity gossip, dog training, filmmaking or any other type of subject matter you are passionate about. The more popular your site the more money you will earn through online ad revenue. There are companies online that include major search engines that provide you with a code for you to paste into your website or blog to earn money from eager advertisers. The beauty of this business is it runs 24/7 globally because the Internet community never sleeps.
Each click on an ad means money in your bank account. A key factor to making the most money is having numerous sites and blogs online covering different subjects. The overhead is so cheap, like stated before, often under $10 a month to operate.
You do not have to stay stuck in a bad financial situation. Affiliate marketing programs and online ad revenue are easy home based business options that can make you financially secure.