There are many typical scenario to write a business plan before you can start an affiliate home business. Why do you need a business plan? If you are planning to start a small business, there are lot you need to learn. What is the point of actually sitting down and writing a business plan? You are not Bill Gates, this is not Microsoft, just you in your home office a few hours a week, slowly building your online business presence, not really understanding what the heck you will be doing.
You need to relax, your
You need to undesrtand where you are today, what tools you have to work with, what your goals are, and how you can best achieve them and measure your success, will help you stay on target and not waste what few hours you may be investing in your business at start-up.
Whenever you feel lost or confused, you can return to what you have written. When you analyze your situation and decide to make a change, rewrite that part of the business plan. Understand that it is a living document, intended to grow with you and your business. Your business plan is your friend.
Getting Started with Your Business Plan for the Affiliate Home Business
- The first thing you need to do is study the company and its management. You need to read and learn about the products, the compensation plan and the network structure.
- You need to plan on doing some study on each and every work day for the next few months, if not indefinitely. Keep up with the company forum entries every day; read something in the training reports every day.
When you are ready, open up a Notepad window and answer the following questions:
- What service/products does your business provide and what needs does it fill?
- Who are the potential customers for your product or service and why will they purchase it from you?
- How will you reach your potential customers?
- Where will you get the financial resources to start your business?
Your written business plan can be lists of words and phrases, free-form brainstorming, outlines, mind maps, whatever works for you. Just write it down, and don’t forget to save often. If your home office is inhabited by cats or small children, they have the tendency to press on random keyboard keys. Documents do occasionally just disappear. Saving avoids total disaster.
- Study the products.
- Read the training materials.
- Read about commissions, bonuses, etc.
- Study the marketing aids and strategies
- Find out what free tools are available.
- Visit the forums on a regular basis. Read everything about getting started.
- Ask questions.
Your final written business plan for the affiliate home business can have at least 4 parts
History of the company and its founder, internet marketing trends, why this company and why now, and so on.
We will suggest you think of what you would like to be earning in two years, but mainly focus on goals for your first year. Realistic goals can be projected based on info on the company website, in newsletters, searches on the forums, and focused questions to other affiliates.
Based on your answers to the first 3 questions above and your study of marketing aids and tools.
The specifics of what you will do on a monthly, weekly, and/or daily basis for the next year
We cannott tell you what your answers should be, because you have to decide how much money you have to invest. Only you can decide how many hours per day, week or month you can invest in your business. What products you feel most comfortable marketing, and who you decide to target as your customer base, are all decisions only you can make. If you get stuck and don’t understand a question, don’t know where to find information, or don’t know how to ask a question, contact someone in your upline. If they cannott help you, they should be able to send you to someonewho can.
Culled from Ezine Articles | Writing Your Affiliate Home Business Plan