Many people share the dream of being able to work from home instead of an office setting each day. Regardless of whether you work from your home or want to start, these home business tips are great to assist you in getting the most from the experience.

If you need to do any driving to meet the needs of your home based business, keep detailed records of mileage and save all fill-up receipts. Such expenses are fully deductible. However, make sure you can prove that the driving is necessary to the business’ profit.

Make sure that you do not keep all your eggs in one basket; always have a second source of income. You need to have plans for every disaster which might befall you, such as your website going down or missing a shipment of product. If you have a plan in place you can switch to it when things are going wrong for you.

Be sure to keep your residential phone line and business phone line separate. This helps avoid you answering the phone unprofessionally and helps customers see it as a business.

Your customers will be happier if you excel at customer service. Pack a free gift with their purchase, or include a thank-you note expressing your appreciation for their business. Clients love receiving free merchandise, and feeling appreciated by businesses they have relationships with. Prove to them that you appreciate them as customers.

You should know exactly how much a product costs to make, if you plan on selling something that you created. Traditionally, a wholesale mark-up from cost is approximately twice the base cost. Two times the price of the wholesale cost equals the standard retail markup. Set the prices for your products so that you can make a profit and still keep your customer happy at the same time.

As you can see, there are a lot of things that you can do to maximize your productivity when working at home. You’ll be able to have a successful home business if you apply these pointers. Good luck in your endeavors.

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