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Home business

Many people across the world are growing attracted to the concept of 'home business' due to its own unique characteristics. There is no any other job that provides independence or flexiblity other than the home based business. You are virtually free to choose your own timings and are free from the dictation of the superiors. Also you can move about sometime during your working hours to relieve yourself from the monotonous moods.

In this way, your mental state remains calm and poised. You feel refreshed to resume your next job without any sensation of feeling stressed. Being employed to several employers, you can your income in trickes if you are well-established because you can work with projects that are highly demandable. But if you are particularly employed as a full-time employee your salary remains fixed for a certain period till you prove your competency for some years.

But at the same time you will also watch hurdles before you. The flow of income is not regular when you just enter into this streamline and therefore you are exposed to higher financial risks. Also, you cannot predict your fiscal status even after some years of work experience because your earnings are regularly unstable. You may hesitate to visit your fortune tellers because they may report about your future as perilous. As your name is not enrolled anywhere as a full-time employee you fail to enjoy schemes like bonus, traveling allowance, medical relief and insurance along with the attractive retirement benifits.The process of filing income tax return also lengthens. In case of salaried employees the tax is deducted from the gross salary at the end of every month. You will incurr fees in the form of service tax and consultation fees. These professions save your transportation costs, but your payment may not be guarenteed as you do not directly come in contact with the employer. Sometimes the evidence of address may be falsely provided to you. Therefore ensure their existnce before joining them.

Today the service-oriented units like freelance writers, marketing experts, financial analysts are popular because they involve specialized skills and keen analysis. Some of the businesses are regularly advertised in the newspapers.

Mail Order Business: Companies are now looking forward to appoint marketing personals on commission basis. It initially involves a registration fee about Rs. 600 which is to be paid to the company's address. You are then provided with a guide and a bunch of forms to inform you about the nature of the job. It also contains the name of the customers to whom the delivery is to be made. You are required to fill up the form and inscribe a few points about the product on a piece of paper. The paper is to be attached to the form and delivered through post to the respective customers.

Recently with the advent of internet technology online selling has become a very popular concept. There is a wide scope open to all the marketing professionals.

Data Entry Operators: It is convinient for people who own a PC at home. Normally the investment is higher compared to the other home based jobs about $20 or more. Your job is mainly typing the data from one software to another in a specified time.

Medical transcription: The government based healthcare units in developing countries maintain details about the patient that are forwarded to various offices such as insurance, forensic, courts etc. The doctor dictates various summaries like progress notes, physical examination, discharge summaries, surgeries etc via satellite. The developing countries receive the transmission and transcribe and maintain electronic data and send them back though e-mails.

Office Assistants: Apart from the professionals the corporate houses are recruiting personal merely for clerical purposes like sending e-mails, typing etc. You can browse through various networks to find the names of companies that appoint office assistants.

The success or failure of your home business venture eventually depends upon your ability to retain your customers. Your customers are the chief sources of your income, so they are the rulers of the market. It is utmost important to potray yourself capable if you want your business to flourish in the long run. Therefore it is advisable to follow the below-mentioned tips:

1. Know your customers: Treat your clients with respect and know exactly about their expectation. It would be optimal to realize your clients behaviour , so ask them questions like "How do you wish your work to be done". If you are a fashion designer know the pattern and the type of design they patronize. Also know if they prefer to be simple or trendy to continue with a particular design you have decided. If you have previously dealt with the customers then probe their likes or dislikes and stitch a garment accordingly. Lastly ask them for a feedback to know the extent of your improvement.

2. Emphasize upon the time factor: Time is a key factor to maintain your existing clients. Your clients are the sources of income and therefore they expect their task to be completed on time. If you are not familiar with the work assigned to you, reject it or else opt for an alternative. Do not accept any assignment just to prove yourself smarter. You may embarrass yourself by not meeting a specified deadline.

3. Talk smaller and work bigger: You can plead your customer to extend the deadline of the project. Do not get aroused if they gamble with you because they will obviously expect much higher quality from you. Deborah Brown a personal coach suggests that "Under promise and over deliver".

4. Maintain the secrecy of the work: Remember to keep the information about the client confidential. It is one of the code of the business ethics. Do not discuss it with your parents, siblings or friends. Before you vacate your room, make sure that the work material will not be observed by them.

5. Protect your business: Be extremely careful to protect the assets purchased for the business purpose. Let them not be exposed to dangers like fire, burglery or any other damage. Purchase insurance policies to the most needful assets and retain important doccuments like purchase deeds, insurance polices, memos or other important forms. The equipments like fax, computer or printers are not covered under the home insurance policies, so you must buy an add-on-policy or riders.

6. Let your customer know you: Your regular customer must to able to derive your strenghts after working with you for a longer time. You must prove your Unique Selling Preposition to them by giving them output beyond their capacity if possible.