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Sunday, September 13, 2009

Working at Home can Mean Quitting your Job, not Quitting Work

Is your home right for your choice of business?

Before considering starting your home-based business, you need to determine if you have the necessary space needed to operate your business. If you live in a condo or an apartment, there may be restrictions as to what you can and cannot do in your business. There might be zoning requirements to be considered. There is also some liability exposure for some types of businesses. You may need additional insurance to protect your self.

Distractions of working at home

Working from home can be distracting, especially if you have children. You're not working; you're at home, so your children can burst in with their complaints about their siblings, to complain about problems at school or to announce they need a new bike.

An at-home business changes everything. You need to alter your lifestyle and your family must be supportive in order for you to succeed. You might need to convert the basement into your home-office. Maybe this used to be the place where your kids and their friends used to gather after school.

If your business requires use of the phone, and you don't have an extra line, it will be important that the children understand that they will not be able to spend the amount of time on the phone that they used to. Also consider that your phone will be ringing outside of regular business hours.

At at-home business affects the entire family; everyone in the household will need to be supportive and to recognize that the rules have changed.

Can you do it all?

As an entrepreneur, you will need sales skills and marketing skills to reach your target market and sell your product and services. Every business depends on sales in order to grow and expand. In a home-based business, success depends on your skills and talents. You need to have a good business plan, a marketing plan and a sales strategy. You will need to develop a customer base and maybe even negotiate a line of credit to finance your business.

When you work from home, you are often the boss, secretary, receptionist and business planner while being a parent too. There is no office cleaning service to empty waste cans and maintain the office equipment. If you have a fax machine and copier, you change the toner cartridges and pay for a service contract to keep it working properly. There is no supply cabinet that is magically replenished as you run out of paper, pens, white-out, file folders, etc… It is all up to you to maintain your office supplies and equipment while running your business.

When you operate a home-based business, your success depends on you alone. There is no supervisor to consult with on a difficult project. There are no other employees to have lunch with or visit with in the break-room.

by Bill Bartmann

Making Money Online - Overcoming Your Fear of Failure

There are millions of people all over the world just like you that would love to start making money online. The problem is, many feel that the thought of it sounds great, but the effort time wise and financially are to risky to even attempt getting involved in what I call "the ever growing business of making money online".

This article will give you some advice on how to overcome your fear of failure when it comes to making money online. After reading this article you should feel a little more confident when it comes to cashing in on the big bad internet.

The first thing that you need to realize is that despite all of the "internet scam" stories and the "99% of home business's fail" theory; money can be made online, and there are vast numbers of people who are doing it as me speak!

In fact, there are several ways to do so; but before you even think about choosing which method of earning money online to get into, you need to be sure of yourself and your abilities. You can't sit back and say to yourself "I'm going to try to start making money online", instead you need to be telling yourself "I am going to start making money online". See, there is a very big difference in these two thoughts. Saying that you are going to try something is keeping that option open not to succeed, while saying that you are going to do something is eliminating that option. Determination and dedication are two of the most important key factors when it comes to being successful at making money online.

Unlike other situations in life, making money online is not really about who you know, it has a lot to do with what you know. Understand that if you really want to achieve your financial goals online that your fate is in your own hands. When I first started out, I just kept telling myself "if there really are people making real money online, then way can't I be doing it also". I am no different than anybody else out there, so if they can succeed than way couldn't I?

The truth is, this is going to be one of the hardest jobs that you will ever have; but the outcome and the rewards will be well worth it in the end. You have to stay focused, dedicated and be willing to put in some REAL time and research to get to where you want to be financially.

Let's be realistic why we're at it, you are not going to become a millionaire overnight. If that was the truth, then more and more people would be trying to makemoey online. The truth is, you can make millions of dollars online, but you are going to have to work to get it!

Now it's time for you to become a success story! Get out there, stay focused and start making those millions! The only one keeping you from that money and success is you.


by earl stringer

Best Business Opportunities from Home

It is only through lack of imagination that a person will find it difficult to find a suitable business from home. The abundance of imagination of a vast majority of individuals is clearly depicted in the number and variety of businesses that are now being carried out successfully from home. To name a few of the best businesses from home opportunities out there you have "online entrepreneurial training", "video communications", "online marketing and e-commerce tools". All these business from home undertakings can be run with minimum capital and comfortably operated from home.

One of the types of business from home that is yet to catch the imagination of home-based operators is online streaming video subscription services. To set up for a "Streaming Video Business" you need little space, a computer and a $50 web camera. An area in a house can be conveniently converted and designed for the purpose. You need a nice back ground, a wall with pictures will do fine. The main attraction will be when a friend, co worker or business owner receives an email from you and you pop up on the screen and start talking to them in video!

For this you that like being on the cutting edge of a business trend can enjoy showing people something they have never seen before. The first time my mother spoke to her grandchildren face to face over the computer she was so thrilled. She had everyone at her home come over and see, she even held up the cat to the camera and had him wave..lol My 4 year old daughter got a big laugh. Everyone in her home that day couldn't wait to use this technology with there family and now we often have group video chats over the holidays.

When I started using this technology with my business customers they spread the word very quickly and I had people lining up for service. Apart from doing a service to yourself and making good money, you will also be doing a service to families who have lost touch with the there family and friends. This is a great niche you can undertake when thinking of running a business from home. Gratitude will be experienced all around.

The only thing that may hold you back will be to gain approval from your own family and friends as this business starts generating you a very nice income. Do not let this negative yellow thinking prevent you from proceeding with this plan. Pretense will not take anybody anywhere beneficial. Discuss it openly with your family and drop all the pretenses and you will have yourself a good if not excellent business from home.

With your Streaming Media Business, you can graduate into other media services such as Live Web cast TV, Mobile Video, Video Conferencing and Live Video Television, Yes its coming soon!

To be successful in the long run running a business from home, you must always remember that you must maintain the quality of your product. Any drop in quality will slowly diminish the number of your clients accordingly. Pay careful attention to this aspect. Maintain excellent services and also attempt to upgrade the quality of your products as well as your customer relations and customer services. This may sound trivial to amateurs but believe me, there is nothing that will drive customers away from your services faster than bad customer relations and bad customer services. Try as far as possible to attend to your customers personally because assistants would not care a dime about customer services as long as they are paid wages. So there is no alternative but for you to do it yourself. Maybe your family can help you in this.

by Brian Williams

How to Build Wealth In a Down Economy or Recession

With economic times not where we want them to be today, the bottom line is how do you survive? Do you suddenly have to tighten your budget and deal with increased stress? Is it possible that you could get laid off tomorrow, if so then what? Can you truly plan a family vacation for the summer not knowing what will happen next? People always ask are we really in a recession? It is my profound belief that if you are not better off right now then you where last year, that you are in an economic recession.

So the question remains, if things are slowing down in the economy what should you do next? In my experience I've learned there are only 3 viable ways to truly ensure that you can beat out the economy. First, have 100's of thousands of dollars stashed away to basically buy your time through the slow periods. How much do you need? That depends how long your recession last most of us can not predict that at all. Of course you are not getting ahead either and with each passing day, if you don't have a game plan you are slowly falling behind.

That leaves 2 real solutions, they both involve investment and a serious commitment but will allow you to grow and prosperous even in a down or slow economy. The first is real estate investment for those that are positioned with plenty of liquid capital. The slower the economy the more liquid capital you will need. During a thriving economy you have a tangible asset in real estate that will climb in value. When the economy is slow people can't afford to buy homes and the rental market will increase. So your income based on rental value will actually increase that way as well. That's an increase no matter what. Over time real estate is arguably one the best investments you can make for financial prosperity.

OK, so what if you don't have tons of liquid capital. The bottom line is during a slow economic period whether it is what you are going through personally or a global issue, tough decisions have to be made. Fortunately there is another solution if you are determined. It will still require some investment, just not 100,000 dollars. It has actually been a process and an industry that has created more millionaires then any other in business history according to Dani Johnson's training and Decide Freedom International's business overview.

That industry is the home based business industry and, here is why a home business works so well not matter the state of the economy. Normally you have a retail product and as long as the economy is soaring you will be marking more and more of your products via retail. During a soaring economy people feel better about spending money because they feel that they have more of it. If the economy takes a nose dive, people are looking a way to make money and most home businesses provide a way people can make money as well. It's a win win situation for any business owner, to be able to find a need and meet it regardless of what is happening in the economy.

Not to mention the fact that you don't have to have all the "business" idea's to be successful with a home business. Plug into a business with solid training and a proven track record in an industry you feel good about "I like the travel industry" who doesn't like to travel when they have plenty of money?

by Stacy O'Quinn

Are You Working Hard To Earn Money For Others

As full-time paid employees, many of our life have something in common. First, we are all working hard to earn money for others, which is our company. Secondly, we are are going to experience at least one right-sizing, down-sizing directly or indirectly in our entire career.

During the past few years, a few of my old colleagues and I have experience it ourselves. All of us lost our jobs at different times during the last few years. Two of them even got retrenched twice.

Many of these retrenched employees have good education, are hard working, they are nice family men and women. Some of them are even in senior position with good pay. They gave all they can to the company they work and made sacrifices working overtime without pay for the sake of their company.

Once the retrenched ax start to chop, loyalty and hard work have no impact on their choice of people to axed. The good life after losing your job is going to be a huge blow.

Read this Financial advice from The Richest Man in Babylon written in 1920:

"I tell you, my students, a man's wealth is not in the coins he carries in his purse; it is in the income he buildeth, the golden stream that continually floweth into his purse and keepeth it always bulging. That is what every man desireth. That is what thou, each one of thee desireth; an income that continueth to come whether thou work or travel."

Living in today borderless global economy, everyone of us must start learning how to build our own golden stream that continually flow into our pocket once we got our full-time job. The best time for planning is during when the employment rate is high and job are easily found. These are the best time that should put into good used as the threat of job loss can happen anytime.

Just like The Richest Man in Babylon, he advised that everyone should saved 1/10 of their salaried income and lived on the other 9/10. This 1/10 of our income should be put into good use such as starting a traditional business or an internet business.

According to him, business skills are learner. Yes, you may lose your business investment when you are new but that these are business experiences that every business people must accumulate. Business are one of those trade that can produce the most reliable form of income that keep flowing towards your pocket, even when you are not working.

Do you want to earn the same amount of salaried income after 40 years of working life?

or

Do you want money to work for you and generate a continuously flow of money to your pocket for life?

Opportunities for making money are always there around you. The only problems is that you MUST learn how to seek it. It will never come to you. As The Richest Man In Babylon says: "Where the Determination Is, The Way can be Found."

by Arthur Wang

Appreciating The Driving Forces Of Network Marketing


Network Marketing can produce outstanding results if you know to
harness it's awesome power to secure your business success.

Terms such as Network Marketing, 'MLM', and Multi Level Marketing
all refer to the same type of business model. This industry has
had more than it's share of scumbag crooks and con artists that
have used and abused the concept. However, if you do your
homework and get involved with a legitimate network marketing
organization, this business model has exceptional income
potential.

Network Marketing, MLM, and Multilevel Marketing are unlike
franchises or conventional businesses in that they take advantage
of all three of the important, yet misunderstood principles of:

1) Leverage (of Time and Money)
2) Residual Income
3) Geometric Growth Through Duplication

Unfortunately these principles are not well understood by many of
the people that undertake network marketing. And that's just one
of many reasons why so many fail at network marketing. There are
lots of other reasons, and it would take volumes to cover them
all. But this is one of the more common ones. Because if you
don't comprehend and believe in these principles, it's impossible
to help others fully understand and appreciate them.

First, lets look at LEVERAGE:

Every successful person or business takes advantage of leverage.
There are only 24 hours in a day and no matter how talented you
are or how much you get paid per hour, if you don't take
advantage of leverage you're limited by the number of hours in a
day. As a side note, I have heard of cases where an occasional
lawyer was billing more than 24 hours per day...but, I guess
that's another story. By learning to leverage your time, you can
also benefit from a percentage of other people's efforts, and
dramatically increase your income while creating more free time
for yourself.

The unique and wonderful thing about the Network Marketing
business model is that everyone has the same opportunity to
become the 'owner' of his or her own business - with a fraction
of the investment of time and money of a franchise or traditional
business.

In network marketing the people at the top definitely have a
vested interest in helping others on their team succeed.

Would you rather receive 100% of one person's efforts, or 5% of
the efforts of 100 people?

Obviously 100% of one is always only ONE. But 5% of 100 is FIVE.

Not only will the total result with leverage almost always be
amplified, but your income is not dependent on only one person.
If your income is produced by the activities of many, it is much
more dependable. Even if something unexpected or negative happens
to one or more of those people, it only has a minor effect on the
TOTAL production.

It's great to get paid while you're sleeping or away on vacation.
That's one of the many advantages of leveraging your time.

Now, lets consider RESIDUAL INCOME:

When someone mentions residual income many people automatically
think of actors or musicians.

Residual income is recurring income that you continue to receive
long after the work you've done to produce it has ended. There
are lots of ways to produce residual income. However, many
people don't understand it, and still others have never thought
about or been exposed to it.

A very simple example of residual income is interest earned on
money in the bank or investments. You continue to receive this
income without having to invest any more time to produce it.

Suppose you had the choice of doing a job and earning $1,000
once, or getting paid $50/month for the rest of your life...which
would you choose? If you chose the $50/month you obviously "get"
the concept of residual income.

Clearly, $50/month will surpass a single payment of $1,000
relatively quickly. And if it lasts for a few years, or better
yet - the rest of your life - it will really be a blessing.

Residual income is certainly not about "getting rich quickly",
even though with the right opportunity it's possible to produce a
substantial residual income stream in a relatively short time.

Most people who fail at network marketing either choose the wrong
network organization or just give up too soon and quit because
they expect overnight results. It is important to recognize that
the real beauty of residual income is on the back end, not the
front, and that once you build it you have the financial security
and time flexibility to do just about anything you desire for the
rest of your life!

Last, but not least, lets address GEOMETRIC GROWTH (DUPLICATION):

The classic illustration of geometric growth is the frequently
used penny-a-day example.If you save one penny on the first day,
and double it every successive day, (day two you have 2 pennies
and day three you have 4 pennies, and so on) how much will you
have at the end of 30 days?

The answer, to the astonishment of many, is $5,368,708! Amazing,
but true.

That's a simple and dramatic illustration of how networking can
work. If I can teach you, I've doubled myself. If we each teach
someone else, we've doubled again. As this duplication or
geometric growth process goes on and on, it can produce some
amazing results in a relatively short period of time, just like
the penny example above.

So there you have it, understand and apply these three principles

1) Leverage (of Time and Money)
2) Residual Income
3) Geometric Growth Through Duplication

and, given sufficient time and effort, you should enjoy a
successful and financially rewarding network marketing
experience.

by Kirk Bannerman

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