In today’s modern world what with the internet, there has never been so many opportunities for people to set up a home based business to make money and work from home. The internet is full of business opportunities some good and some not so good, so you need to do your research first before you begin journey into the world of the online home based business.So what niche do you choose for you home based business? Well there are literally thousands and thousands to choose from. For those of you who are not sure what a niche is, it is basically the business that interests you, lets say you are interested in blogging, well that’s a niche on it’s own or a business that you can make money from. Another niche within the blogging niche is coaching people to set up a blog, that’s a niche sometimes called a sub niche, basically a niche can be anything.When you look at the coaching niche that again has many sub niches built within. Let say you know how to set up a word-press blog, you also know how to install a opt-in box for the blog so people can collect there visitors name and email address, that’s a niche or a sub niche as some people call it. That could be the starting of your home based business.Article writing is another niche, say you are good at writing, then you could sell your services to write articles for other people. OK your good at building WordPress blogs and installing opt-in boxes, you could write articles about how this is all done even write articles about how you write articles, these are all niches or sub niches.Another good niche is video, you know how to use a video camera even edit the film you have videoed, you could offer your services to make videos for people who don’t know how to make a video, you could even upload the videos for you clients, this is a good home based business opportunity to get into.So you see there are literally thousands of niches to choose from. A good place to start with for your home based business is to sit back and think about your job that you do now whatever it may be, see if you can think of how you could sell your knowledge to people who want to know how it’s done. You will be surprised how many people will want to know about your knowledge, again this is another niche.Lets say your day job is a car mechanic you could set up a website offering your knowledge and experience on fault finding, people would rather pay you a small fee so they could try to fix the problem themselves instead of taking it to the garage that charge a very high price to fix it. That’s another niche and a home based business.Your home based business could be made up of many small or sub niches that could give you a very good income for the rest of your life. It’s not as hard as you may think it is to get set up, my advise would be to take your time and don’t rush, do some research on Google to find out if there is a need for your service. A good place to check out is Google trends.Whatever you do never ever give up on your dream to have your own home based business, like I said before there is a niche out there for everyone.

Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.

The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.

It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!

With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.

With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. 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 excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.