Archive for May 2010
Each year more and more folks are working from home, starting their own business. Men, women, even teenagers are starting their own businesses at home. Many young adults have put themselves through college running their own part-time business.
In the last ten years work-from-home businesses have tripled. That may be a low estimate. For instance, there’s a huge number of people make a living selling things on eBay?. This choice allows folks to work when they want..literally 24/7, since auctions run around the clock. Lots of home-based workers started out just trying to get rid of some extra stuff lying around the house and enjoyed it so much they got into it in a bigger way.
There are many good reasons why so many people want to work at home. The high costs of fuel, child-care, and clothing, are just a few reasons why it’s cheaper to stay home and work.
Other benefits are: no boss or supervisor; setting your own hours; and to work where and when you want. One of the big benefits is that all of the profits go to you, not someone else!
It is certainly natural to be nervous about doing this. Are you wondering how you’re going to give up a job and replace that income and not worry about how you are going to pay the bills? The first answer to this is to minimize your risk by starting part time and keeping your “day job”. Start slow and test the waters first. Use yourself and family members to run the business and minimize your out-of-pocket expenses.
One very easy home business to start is putting on profitable garage sales. Learning how to do this right can not only put you above the normal yard sale folks, but again, can make your several hundred dollars over a weekend.
It’s not impossible, and it might take some hard work at first, and some extra working hours, but you can do it if you want it badly enough.
Whatever your reasons for wanting to work from home, we hope you are inspired and motivated to start your own home business. When you understand something fully, it will help calm your fears and worries. Take the plunge! You deserve the opportunity to work from home! What’s the worst that can happen? Your experience doesn’t meet your expectations…so you try something else and, in the meantime, you’ve learned an awful lot in the process.
About the Author: work at home mom
Starting your own small business does not have to be hard or complicated as people may make it out to be.
To start your own home business, I recommend that you register your business in your own name, such as John Smith LLC (Limited liability company)
That way, the paperwork is less complicated. You can register the LLC for $100 or less at your city halls (of course this depends on your state)
People think that starting a small business cost a lot of money, but that is not true.
With the the Internet all you have to do is set up a simple web site and have your phone number on it.
There you go, your business is in place! Now all you need to do is have a product or service to get the profit pouring in.
What I recommend is being a product distributor.
That way, you can buy products at a very low price and then resell it back for profit. For example, you can start selling health products such as weight loss pills as a reseller. The startup capital probably cost less than $150.
Whatever you do, do not over complicate your business plan.
But what I recommend is that you have a web site, so you can have a far reach of your customers. Also, when you have a website you can advertise it on the Internet to get a lot of customers. (There are plenty of free advertisement methods out there)
And setting up a website does not have to be hard. All it takes is some clicking of a button and you’re done.
But whatever you do, you must set up your web site for your business to help your profit grow.
In order to build a successful and profitable work from home business opportunity, it is vital that you have an end goal in mind. Success depends more on your emotional mindset than actual work from home business plans. Whether your chosen work from home business opportunity is affiliate marketing, reselling, or selling your own product or service, the following questions will help you along the path to achieving your dreams.
I start out my day by writing down a list of things to do, for both my personal goals and my work from home business. I discovered that planning your daily schedule the morning or evening before helps to prime your subconscious to fulfill your plans and goals. The process allows you to feel focused and ready to achieve your work from home business opportunity’s objectives.
At the end of the day, I take some time to review the accomplishment, or lack thereof, of my daily schedule. Then, I plan what to do for my home based business the next day.
The answers to the following will help you identify your necessary work from home business opportunity tasks and their priority:
1. What outcomes will produce the most value and highest returns for my work from home business opportunity?
2. What outcomes did I successfully achieve that can be reproduced?
3. What is my role in my work from home business opportunity (how do you fit in to the coordination between supplier and customer, etc.)?
Every action has a reaction, be it good or bad. Once your daily goals and schedule are laid out, review them and act only upon those that are realistically achievable in one day. I like to set no more than three major tasks per day to further my work from home business opportunities. You would be surprised how much you can accomplish by just fulfilling two or three goals per day. There is no need to unnecessarily overload yourself while building your work from home business opportunity.
never say never
There’s an old adage that states ‘A business that fails to plan plans to fail.’ One of the top reasons that new businesses fail or enjoy limited success is lack of or ineffective planning. The bottom line is this: you can have the best idea in the world but it is only as good as how well it is put onto paper. The best way to do this is with a business plan and I know in saying this that I am not exactly turning you onto the mother lode.
Business plans are nothing new in the world of business and you may even already have one. That said, there may be some additional applications for the business plan that can help you continue to grow and prosper. Just to summarize, you want to make sure that your business plan contains the following key elements.
First, a business plan should have some sort of summary. This is particularly effective for entrepreneurs who seek venture capital. Many venture capitalists or angel investors read a lot of proposals and see a lot of business plans so a captivating opening summary is a great way to capture and retain their interest. A summary should outline the key aspects of your business, contain some sort of mission statement, and hit the highlights of why the reader should keep turning the pages and learn more.
Next, a business plan should outline the key features of your business. How was the idea or product generated? How is it unique? What makes you and/or your business stand apart from the competition? What market share can you expect to capture with the business running at full steam? In this part of your business plan, you may want to include a detailed description of your products and/or services, especially if they make a compelling argument for why your business stands apart from the crowd.
Next, you will want to include some operational information that outlines how your business is being run. Who are your customers? Why do they want the product or service? How is your business currently being marketed? Who are your current staff, what are their roles, and what growth in staffing do you expect? Answers to these types of questions not only keep you focused, but also address key issues that potential funding sources will need to know.
Next, you will want to include some projections for things like the scope of your customer base, staffing, business volume, and revenue for at least the next five years. Remember, this will not only be appealing to potential funding sources, but will also help keep you on track to reach those goals as your business grows.
Last, a business plan should clearly outline the financial needs of your company. As you might gather, any sort of funding source for your business is going to want to know how much capital you need to reach your goals. Also, you need to be thinking about your capital needs long before you ever seek outside capital. Lack of funding is also a common reason why businesses fail so make sure this is not an overlooked part of your planning process.
In closing, treat the preparation and updating of your business plan as the owner’s manual for what you are working to achieve. In doing so, you will be able to effectively attract capital (as needed) and it will also serve as a sort of written contract between you and your business and it can be remarkable how real your business dreams can unfold, just as planned.
Are you searching for a legitimate work from home business opportunity? If this sounds like you, you are in the same boat as thousands of other people. In today’s day and age there are a lot of internet scams that are making the rounds. These scams tell people how easy it is to make money online, but the only problem is that they are not telling the truth. If you want to make money online by working from home, you will need to seek out legitimate opportunities. The fact of the matter is that there are many legitimate work from home opportunities available; it is up to you to find them and then decide which one will best suit your needs.
If you are searching for a legitimate work from home opportunity you should never have to pay for any additional information. One sure fire way to locate a scam is to find a company that is claiming a legitimate work from home business opportunity, but is asking for money to get you started. This is not necessarily the truth 100 percent of the time, but for the most part it is. You should be careful to avoid any opportunity that requires you to pay money up front.
Even with a legitimate work from home business opportunity you will probably have a bit of skepticism in your mind; this is only natural. The key to getting over this is to research each opportunity that you come across. Remember, the more that you know about an opportunity the better chance there is that you will not get scammed.
Overall, finding a legitimate home based business opportunity may not be as hard as you think. If you put in the proper amount of time and effort you should find an opportunity that suits your needs.
About the Author: joomla blog
It is never too late to get started in working a direct online business from home. If fact, it is proven that given the current situation in today’s economic and employment setting, more folks are becoming interesting as to what exactly the deal is with online marketing. There are many avenues that promise big results on the web, but you must be sure which of these online business will allow to lean what you need to know to advance your business and work from home legitimately.
If you are just starting off in the world on online marketing, watch out for scammers on the web who try as hard as they can to try to coerce you into joining their so called business. Usually you will be able to tell whether a business is legit or not based on whether or not it has high quality products to offer customers and some asinine slick pitch directed towards to try to get you to empty your wallet. Don’t be fooled by any of the get rich quick schemes, they’re plenty out there.
There are many fantastic business opportunities on the web where you can work from home legitimately. Some of the most reputable online business may even have mentors that can assist with starting up your business. Having a mentor or guide can prove to be very useful, especially for those individuals who are not very experienced in the online marketing field.
As any of these mentor will tell your, in order to get paid like a real job regarding an online business, you will have to treat your online business like a real job. Most folks may get the misconception that once you fork over the start cost and business fee to get you business going, all you have to do is sit back and the money will start to roll in. As with anything else in life, if you expect to make any money at all on the web, you will definitely have to work for it.
Anybody else who tells you otherwise is either wrong or they have worked their business for long enough, that they really don’t need to put forth much effort anymore. But the truth is in the beginning, in order to work from home legitimately and make a steady income, it will require a lot of learning (especially those with no marketing experience) as well as dedication and work.
Don’t you think tourism has huge business associated with it? Well it has, though there has been a jitter all around the world for the present financial crisis, tourism seems to be affected but the least. Imagine having a business that never seems to slow down, great isn’t it? Well if you too are looking for a stable income source from a business then it is high time that you try your hand in the travel guide business. What awaits you in such a field? Well a huge gateway of opportunities along with loads of money.
Wondering what is travel guide business? Just as the name suggests you would be required to have good knowledge about the travel field or else have some people who are well versed with places which get huge tourists every year or every season. Having travel guide business is simple as all that you would be needed to do is send guides to tourist groups. Make sure that you should see that there are good guides working for you as there are chances that it would become a long term. Once your business establishes itself you would find various tourist groups that would like to seek your tourist guides, so your business increases isn’t it?
With so many tourist destinations in the world there would be no dearth of business. All you need to do is find some excellent guides and rope them into your business. You would find that the business increases with each passing day. With such a large business opportunity waiting for you, give it a shot and see in a few months you would earn a few thousands of dollars and once the business settles down, you would be a millionaire.
Once you have understood that network Marketing will benefit you, you must choose the correct company. Not all MLM companies are created equal. You have to carefully select a company that will grow and support you. Success Magazine, 1/93 warns that “85% of all MLM ventures fail within the first 18months”. This should not be surprising as many new businesses will fail within that time. Networkers are therefore urge to use “due diligence” when selecting their Network Marketing Opportunity.
In evaluating network marketing opportunities there are six criteria that are the most important and must be considered by every network marketer.
1- Age of the Company
Generally, everyone interested in starting a MLM business should avoid start ups. Good MLM companies have at least a three or more years of successful track record.
2- Steady Sales Growth
Good MLM companies have a steady sales growth rate. Sales continue to increase irrespective of whether new distributors are being added or not. Decreasing sales indicates failure and that product is not in great demand. This can be investigated by looking at the various areas of business the company is involved in and the number of countries in which the MLM Company is doing business. The higher the number of countries company does business in it implies greater sales growth
3- Financial Package
Find out how you get paid, the start up cost and bonuses etc. also very important are there minimum purchases or monthly sales requirement? Are there non performance penalties? If not, the opportunity has a weakness as dormant members may reduce earning potentials of hard working distributors. Do they pay by check or Credit Card? Companies that pay using credit cards lets you receive commissions on pay day whereas with a check you may wait for a weeks or even months to receive payments
Are there departments for distributor relations, accounting etc. A great MLM Company has separate departments for handling each section of their business ranging from Administration to customer and distributor relations and shipping etc.
This is the major factor. Is it consumable, desirable and priced right, approved etc. The products or services are the real reason that the MLM concept can work. Is the product unique in its kind and has little or no competition. Is the product guaranteed? What are the buy back policies?
6- The System
Great MLM Companies supply a complete system for success to their distributors. This includes not only brochures, catalogs, and advertising materials but also training and support. Modern MLM companies provide a free website and a fully functioning real time back office to help distributors manage their business with ease. Look for a company that can provide you with the support you need.
Use the above factors to evaluate your Network Marketing Opportunities. Look for a fellow Network Marketer and investigate their opportunity. Request more information from them and make a decision to join them in their business.
There is no doubt that the MLM Home Based Business concept is growing very fast. It will provide opportunities for anyone who wishes to participate with a good company. Of course, some opportunities will be better than others. Choose your Work From Opportunities Carefully.
But as the advertisement says, “JUST DO IT”.
Find the Best Home Based Business Opportunity