There are many things that go into a successful, profitable home based business but there are 2 specific parts that no profitable home business can go without. In this article I’m going to talk about these 2 parts and why they are so vital to your success in the home based business industry.So what are the two most important parts of a profitable home based business? Lead generation and conversion. Let’s talk about them…Lead Generation – This is the lifeblood of any home business, yet it is one of the biggest struggles for home business owners. If you don’t have new fresh prospects to talk to everyday, you are not going to be making sales. Now, there are many ways to generate leads both online and offline, and it’s best to pick a few and layer them on over time.With this in mind, it’s important to have some sort of proven, tested marketing system in place. A proven marketing system is simply a marketing system that you can plug into and has been proven over time to work. This is the driving force behind any profitable home based business.Conversion – This is also vital to a successful home business. You can have a proven marketing system that generates endless leads for you, but you don’t have a website or presentation to turn those leads into sales, you are not going to be profitable. Whether or not you choose to do the presentations yourself or are part of an opportunity that provides one for you, it has to convert.If you are in a home business opportunity that doesn’t provide you with a proven marketing system or a proven sales funnel with websites and or presentations that convert, you might want to consider looking at another opportunity or seeking help with these two things.Like I said earlier, there is a lot that goes into being successful in this industry, but these two parts are by far the most important aspects of a profitable home based business.

The niche you have chosen should allow creation of more than one product or service. 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 need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.

Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.

The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.

It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.

Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.

The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.

People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.

Many of us have tried different home based businesses; MLM’s, Direct Sales, Network Marketing, whatever you want to call it, with no success to show for hours of pitching but damage to our relationships with the friends & family we’ve pitched to. Frustrated, we vow to never get duped into another “scheme” again. Here’s the truth about most home based MLM’s and Network Marketing Opportunities: they have too many variables for failure.Variable for Failure #1 – The “Warm” Market: Most home based businesses tell you to start out by writing a list of 100 people you know. Then you are told to pitch your product or opportunity to these people. There is a HUGE problem with this. These people already know you! They know you’re broker than a pyromaniac on the 4th of July! They are never going to join you in a business until you can prove to them that you are successful. If you want to have a successful home based business, you need to find a system that will teach you how to attract people to your opportunity that are already looking for it!Variable for Failure #2 – The “Presentation” Meeting/Party: Attempting to draw people to your product, service, or opportunity through small meetings and parties is flat-out a waste of time. You need to use a vehicle that places your business right under the nose of people who are already looking for it. Millions of people are using the Internet everyday to search for the products and services they desire. Your business needs to be online, on the front page of Google!Variable for Failure #3 – Lack of Automation: Robert Kiyosaki said, “The only difference between a rich person and a poor person is how they use their time.” He also said, “The poor and middle class work for money. The rich have money work for them.” Many home based business owners get burnt out because they lack systems that automate many redundant tasks. They don’t have an automated system for drawing new, targeted prospects to their business. They don’t have an automated system for presenting their product to their prospects. They don’t have an automated system for signing up new members or customers. And they don’t have an automated system for training new team members. As a result, they never gain the time freedom they truly desire. Automation is the key to freeing up time. The most successful home based business owners are those who have systems at work in their business. They have systems for pitching their products, closing their sales and placing orders. These systems allow successful business owners to make money while they are taking a shower, getting their teeth cleaned or seeing a movie! Now that’s the way to do business!Variable for Failure #4 – YOU: Let’s face it, you are not the best sales person. You’re not even sure you understand what owning your business is all about. Many home based business opportunities get you to sign up, promising that your sponsor will teach you everything you need to know to make big bucks. What if your sponsor drops off the face of the Earth a couple weeks after you join? Then what do you do? When considering your next home based business opportunity, find a way to see what their training is like. If the company has an option to fully refund your start-up kit within 30 or 60 days, you may want to consider joining and take a good look at their training materials. If you don’t like what you see, get your money back! A cutting-edge company will have several different forms of training: live calls, recorded calls, video tutorials, webinars and live events. The best home based business opportunities will equip you to never having to rely on a sponsor again.