Secrets of Home Based Business Idea

Passion + Profitability = Money

The key to generate your best home based Business Idea is to think about what you love and know. What's your Passion? ...

Another secret is whether you can turn your passion into something that people will pay handsomely for and with minimal competition? Make sure it has excellent Profitability! ...

In summary, do what you love and the Money will follow!

Steps on generating your home based business idea

1.    Find your passions

• What are your hobbies and interests?
• What would you like to learn more about or become an expert in?
• Can any of your hobbies turn to your home based business idea?

Let your thoughts run free. Brainstorm as many home based Business ideas as you can think of. Write them down on a master list.

2.    Discover your talents

• What are your talents and strengths?
• What are your unique bases of knowledge that you have learnt on the job?
• What do you do better than most people?

Talk to people who know you best and they may spot talents that you're totally unaware of.  Any new home based business idea? Drop it down to your master list.

3.    Find out what people want

In general, people want only two kinds of benefits:

• Good feelings
• Solutions to their problems

So your online home based business idea is one in which you solve your customers' problems or you give good feelings to your customers. The fewer competition you have, the more money you make.

You can find out what people want on the internet by looking at the most commonly used keywords they type into the search engines. You can do keyword research by using LongTailPro.

Come up with any new home based business idea? ... Write it down. Review your master list and cross out any business ideas that you think have little market potential.

4.    Do your profitability research 

Research each home based business idea on your master list. Find out the demand (how many times people search for the keyword in the net) and the supply (how much competition) ratio. The higher the ratio, the better the profitability is!

    => Take the LongTailPro 10 Day Free Trial

• LongTailPro helps you find profitable keywords faster than ever before. It takes your home based business idea, and presents all the variations of keywords used for that concept. Then it does the competitor analysis and finally score each keyword according to its profitability.
It's invaluable for helping you to finalize your home based business idea.

5.    Finalize your home based business idea

It's simple! Pick the one passion that you know and love, and with high profitability as your final home based business idea.