Out of all the business ads that you have come across or the business ideas being propagated by your friends, the best home based business would be the one that you start on your own. The only secret to being successful as a home based business owner is to go through the business selection process and not stop halfway down the line. We have listed down some important steps which would help you succeed instead of wasting your time and money on ineffective ideas.Measure Your TalentsThink of all those things that you’re really good at. These are like your personality traits. For an example, you may be very creative or an individual who pays attention to details or someone with gifted communication skills. Your talents would pave the way to success for your business ventures, which includes your home based business as well.Assess your SkillsThese are the things that you can actually do. The major difference between talent and skill is – talents are usually passive whereas skills are active. In simple words, you are born with talents but you develop your skills with time. For an example, a creative person may be good with designs or drawings whereas someone who pays attention to details might be good with accounting or organising.Generate Business Ideas Using Talents & SkillsThe procedure to be discussed here would apply to all kinds of business ventures, however we would stick to home based business opportunities for now. Consider both, your talents as well as skills while putting up ideas for home based business opportunities. Most people possess more than one skill and hence you could come up with an exhaustive list of ideas.Test Your IdeasIts time we accept the reality. Not all home based businesses are going to be successful; there would be some ideas which won’t work for you. There are a lot of factors which attribute to the success of an idea. For an instance, you may perhaps face objections from neighbours if there are a lot of clients visiting you on a regular basis. Therefore eliminate all kinds of ideas which won’t function well as a home based business venture.Measure the ProfitsThis is one of the biggest tests for all those who wish to start a home based business. You may possess extraordinary skills or talents to start a business, but it won’t work if people are not willing to invest in your product or service. Ask yourself whether people would be interested in buying your product and whether you would be able to generate some income out of it or not. Loads of people overlook the profits, but you must remember that businesses are all about profits.To read more on home base business in Network Marketing come get your FREE REPORT on How To Create Your First 6 Figure Month in Network Marketing at http://www.speedwealthmarketing.info