So What’s Your Home Business Cash Cow?

I’ve been in the home based business field for about 15 years give or take. When I was trying to sell financial products to people, I realized most of the people I saw didn’t have money to put into these products. If they were going to do it, it would be through a payroll deduction plan so they could save before they ever “saw” it to spend.

So I wondered, how could more people earn a second home based income to get ahead?

Here’s the “bottom line” that all the books that tell you how to organize your paper clips will never help you overcome unless you find this answer.

I think the secret of home business success is to find a “cash cow”… a product service, or process that you can do, earn some decent money, and repeat.

Here is Amish country, they grow a crop of corn. It costs X to plant and it is sold for 10X (or maybe more), but you get the picture. They have a field of “cash crops” instead of cash cows and they sell what makes fast money… corn, tomatoes, blue berries, molasses, etc.

But most of us aren’t Amish.

The same concept applies though for us.

We finally have to find something that we can do that turns a profit. Then “business” (as opposed to a hobby) is to do that again and again and again.

Let’s think this through.

Maybe that means you learn how to create a gift basket, you pay $30 in creating it (wholesale) and sell it for $75 at retail. It takes you 90 minutes so you earn $30 per hour gross.

You tweak your suppliers and the gift basket contents a bit, refine your skill, etc. and you end up profiting $50 per basket in one hour.

That’s what I mean by a “cash cow”… something you can create, sell, and repeat. It’s a process you know and can control, like writing a web page, making a gift basket, or selling a life insurance policy that has a fairly predictable value to you.

Once you have this basic process down, the question then becomes, “how can I do this enough to make a living?”

Then once you start making a living you then have to manage the money… but to manage a business, you have to build one first.

So what’s your cash cow?

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