Home Based Business Cash Flow
The message of this article is that you will need cash flow for your home based business. It also needs to be a source of cash flow that does not take up so much of your time that you have none left over to build your business. This is going to take time and money. The Guru’s would have you believe otherwise. They would have you think that your mouse is attached to money and all you have to do is buy their $47.00 software which then turns out to be more like $200.00 with all the upgrades…”If you really want to be Successful”…lol…and then of course all you do is push the “Magic Button” and the money flies right out of your computer screen. I actually have an image of that somewhere in my computer.
So anyway that is not how it works. Building your home based business requires the same commitment to its growth that its offline counterpart needs. As I have mentioned before this is something that for some reason eluded my for quite some time. The problem is that building your business takes cash and oftentimes the necessary commitment to generating cash flow leaves you no time.
Let me give you a personal example. As I have mentioned before I really took a crash and burn over the last 12 months and had to rely on a job to pay my bills and not even all of them. So here I am working 50-60 hours a week at a job waiting tables and that left me little time to develop my business. Make no mistake I was still going to do it but it was going to take significantly longer unless I could devote more time to develop my home based business.
So to make a long story short, the other day I was talking with one of my long time associates and friend out in California. In the course of the conversation he asked me what I was doing to generate cash flow while I was building my business. I told him. He asked how much money I was making…I told him. Then he asked me if I would be interested in making a couple of hundred dollars a day for a few hours of work. Now understand I have known Greg for a few years and we have done business together and I really have a tremendous amount of respect for him and his wife so I paid attention.
My first thought when he told me what he was doing was that it could not be this simple. In reality I have come to find out that it is really that simple…lol.
I have a product that no one else has and I don’t even have to sell it. I literally get to play like a kid and get paid for it. When I say get paid I am not talking about ten bucks an hour paid. I am talking about 35-50 dollars per hour and that is when it is slow. Because of this increased cash flow I can replace my income and work about 15 hours a week instead of 45-50 hours per week and all of that extra time can now be devoted to my home based business, plus I have my freedom back to determine when, where and how often I work.
Cash Flow Needs For Your Home Based Business
So what is it that we need cash flow for? Well advertising of all sorts but advertising comes in many forms with many payment options and prices. There are many free options for advertising and they work but take time to set up. Realizing that your time is worth money even these are not free. Speaking specifically to paid options though there are still many to look at and frankly as you are learning you may lose some money.
Here is a short list of a few of your options for Paid Advertising
- Solo Email Ads
- Ezine Advertising
- Traffic Exchanges (Premium Memberships) – Also have free options in exchange for viewing sites
- Forum Advertising
In addition to that there are other costs involved with building your home based business such as the cost of the various programs you are trying to build. I have found that because of money constraints that many times I have left the party too soon and missed a great opportunity just because I was not generating enough money soon enough to cover my costs. Let’s face it and realize that in the beginning this is going to cost some money to maintain. Below is another short list of business expenses you will have on an on-going basis.
Other Home Based Business Expenses
- Web Hosting
- Purchasing Domains
- High Speed Internet
- Office Expenses (Printer Ink, Paper etc…)
- Educational Material
This is to name just a few additional expenses of running your home based business. I am not telling you this to scare you in any way but you have to understand that the same rule applies to your online business as would to an offline business, ie: if no one knows your pizza shop exists then you are not going to sell many pizza’s no matter how good it is.
So anyway the bottom line is you need cash flow for your home based business but you also need to be able to accomplish that in the shortest time possible so you have time left over to build your home based business. I think I have found an easy way to do just that. Having said that I am not going to go into a ton of detail on this post. If you want to know more then fill in the contact form and I will get back to you with the details.
I am looking forward to hearing from you.
To Your Continued Success,