Because there is no Best Home Based Business!I was on a team webinar last night that had a Q&A at the end. It made me realize something about our business that I wanted to share with you and get off my chest, quite frankly. Why did you join your current company in the first place? Was it because of the income opportunity that the business presents or the fact that you absolutely love the product and need to have it? The real question is “What is the Best Home Based Business For You”.It really comes down to what you are looking for. Let’s not sugar coat it though…the reason we all get involved in network marketing is to make money! People tend to make excuses for their lack of success and lose sight of why they are in their network marketing business in the first place.A little nit-picky comment was made by one of the team members about the product mix and my sponsor responded exactly the way I would have! He said (and I paraphrase):”Our products are fine…better than most actually. But, if you are looking for a business where you can just sell products, this is not the business for you. We are selling a home based business opportunity. You can set-up a website and just sell products OR…you can grasp the opportunity that you have right now, and that you have already paid for, selling a very lucrative home based business opportunity that can earn you a substantial income this year IF you work. The choice is yours.”Mindset is everything. I learned this a long time ago and it holds true…If you are waiting for everything to be perfect before you take action, you’ll never take action. If you are in a home-based business, then you are an ENTREPRENEUR…a business owner. You need to think like a business owner and only you know why you joined your current company in the first place. There honestly is no “Best” home based business in my opinion, although there are a lot of very good ones, so STOP looking for it!Decide if you would prefer to sell products or sell a business opportunity. Do your due diligence to make sure that the company makes you feel comfortable. Then…Go For It!
The Home Based Businesses And Our Free Time
When we join a new home based business we are full of hopes and wishes, such as: buy a new car, get to live in a bigger house, the ability to pay our bills at time, or finally quitting that job we hate. At a first glance, a home based business is all about making money while working at home. And this is not something wrong! But looking closely you will see that the best thing you can get from working home, is not about money. Maybe for some of us a home based business means money, but for some other is about something more important.For most of us working from home with a home based business means that we have the necessary time to spend with our family, with our kids. Childhood is a short period in a kid’s life and being able to be there in that period of time is something invaluable. It is really hard to spend time away from our kids in this period, but for most of us this cannot be avoided with a regular job…One of the best things at a home based business is that you get the opportunity to work, make money, and also spend quality time with your close ones. You can put up a program of work around their daily program so that you can always be near them, at a school activity, or in the park. From now on you will never again miss a special moment in their life (like a piano recital, etc.). You can also take them to different trips, vacations, and let them see the world. With a home based business you will not be forced to ask for your boss for some time off so that you can be with your family, but you will be there whenever you want!How would be to get the opportunity to check your kids homework daily? Or participating in school activities? Even if for some people a home based business is about money, for some others the free time spent with their family means something more.
Three Tips to Find Your Best Home Based Business
There are all kinds of business opportunities available including some that are highly rated but how can you know which home based business to go with and which business is the best for you? Actually, there are two ways you can make this determination. Still, you should realize that even highly rated businesses may not be all they are cracked up to be especially for you.Tip 1 – Using The Search EnginesHow can you find your home based business? Conduct a search using the search engines. You’re liable to find all kinds of results and sites that give you a variety of businesses and you’re going to see how each one is rated. Different search engines are bound to list the same website time and time again. It’s important to remember, however, that every search engine has a way it lists the websites and the criterion the website must meet to get on that first search result page.Tip 2 – Using ForumsIf you need to find out more about a particular home based business and whether it’s rated up high, consider utilizing forums, social networking sites or other related places to find people with a home business. After you’ve done that, conduct a survey, getting people’s opinions about what they believe is the top home based business currently being done.Tip 3 – Search For All Available Home BusinessesDo research on all home businesses and determine what home business is the best. Now, this will take time to do. However, it can be done if you really want to know.It doesn’t really matter how you discover home based businesses you think ranks the best; each person is going to have their viewpoints on the matter on what makes the best home business. You may find individuals who have the same opinion as you do while others disagree with it.Here’s something you may not realize. The home based businesses, which are considered and ranked the best, will change at least once a month, if not more so. The reality is that only you can decide which home based business ranks worthy and whether it’s worthwhile to begin your own home based business.Every person has an opinion including what they believe is best for you. Yet, the thing to bear in mind is that they are not you and have no real idea what you want. While you should find the perfect home business that you’d like to do, never make the high ranking the only reason you choose it. If you choose the business based on this requirement, you’re going to fail before you even get started.
Steps to Take in Choosing a Home Based Business Opportunity
There are a lot of advantages one can enjoy if you are able to establish your own business, especially if you conduct it at the comforts of your own home. With a home based business you will be the one to dictate your own schedule and more importantly, you will have the opportunity to earn the kind of money you want. It should be noted though that starting a business requires a lot of hard work and time as well, even though it would be done at home. It is best that you follow certain steps, so that it would serve as your guide in jump starting your home business.The very first thing that you need to do in starting your home based business is to determine which among the many options you want to try. There are several home based income opportunities you can choose from these days, and choosing which one you want is actually one of the crucial steps you need to take.In choosing your home based income opportunity, you need to know that you can either choose to go the internet way or conduct a business at home offline. If you are more comfortable conducting a business at home operated offline, then you need to choose whether you want to sell items or provide services. If you are a sales kind of person, then you need to choose a product to sell, or make one. Selling certain products at home is not as difficult as it seems, especially if you have a designated place you can conduct your business on. For example, you can always hold garage sales, so that you can conveniently do it at your own garage. Aside from that, you can also sell pastries or deserts, which you can simply place inside your refrigerators. With this, you actually do not need to have an actual place to conduct your business, since people will just drop by to buy your products. On top of that, you can soon accept orders, so that you will have more chances of expanding your business.Providing services is another way of starting a business based at home. You can provide tutoring; dog walking, or handyman services at home. Aside from that if you are quite a techie person, then offering to troubleshoot and fix computers would also be a good way to earning some money and eventually start your business. You need to make sure that you provide high quality services, so that you will be able to gain more clients. With more clients you have, you will be able to expand your business in just a short period of time. The important thing about providing services is to identify your skills and talents, which you think would be able to help people. Therefore, starting today, you should try to get to know yourself better and identify them.Once you have determined the kind of home based business opportunity you want, you need to make people around the neighborhood be aware that your business exists. You can do this by applying certain marketing techniques to promote your business. You can make use of banners and post them on strategic points in your location, so that people in your community would soon call or visit you. Tell your friends and relatives about your business, so that they can also help in spreading the news.
Starting A Home Based Business In Today’s Economy
Starting a home based business is scary!A home based business can be one of the most rewarding, yet scariest, events of your life. It is very risky, but the potential rewards can be very appealing. This post explores tips to help make your endeavor successful.Make success your goal! When you are starting a home based business, it is important to keep your focus and have a plan. Figure out what you want to accomplish with your business! Determine what success will mean for you.Here are tips for starting a home based business successfully:Don’t let your home business prevent you from networking. Starting a home based business means you’ll have to increase your networking efforts. You’ll need to look for local events where you can show off your business. You’ll be able to meet potential customers and network with businesses you may want to affiliate with.Thinking of running a business from your home? Be sure to research the price ranges of the products or services you will market. Also, know how much you need to make from each sale and how much your clients will pay for your products or services.Do not let your home business blog or website distract customers from your home business! Otherwise, your efforts will suffer! Make sure the blog or website has minimal distractions. You want customers to want to digest the information on your blog and explore it easily.If you are planning on starting a home based business where clients will visit your home, you will need to purchase business insurance. Your business policy will provide coverage for your business assets and liability coverage in case a customer gets injured on your property.When working from home, don’t forget to eat properly! Eating healthy foods is very important to your brain! It will keep your mind clear, efficient, and functioning. Also, don’t over-eat. It’s awfully tempting to raid the kitchen during the day.When starting a home based business, be sure to remind yourself that it is still a business. Keep all receipts for home business expenses, like mortgage, phone, energy, and insurance bills. A percentage of these expenses for maintaining your home can be deducted when you file your taxes. Also, make certain when you begin a home business to consult with an accountant to ensure that you adhere to all local, state, and federal laws regarding starting a home based business. It is essential to keep accurate financial records. An accountant can advise you about available tax benefits.It is sometimes easy to become overwhelmed when running a business from home. Be sure to take time for yourself. Work “me” time into your work schedule so you don’t forget to take some time off. Try not to forget where work ends and family time begins.There are several factors that can increase your chances of success when starting a home based business, despite the hundreds of variables at play. This post is just a fraction of the information you will need to gather as you continue increasing the traffic of your home business blog or website.Does starting a home based business sound right for you?
Professional Property Management: Functions of the Management Company
Property Management Functions:
» Agency
» Maximizing Occupancy
» Financial Reporting
» Communication
» legal Compliance
» Maintenance Coordination
Agency
The property manager’s primary task for successful management is a comprehensive understanding an owner’s goals and expectations. As agent or fiduciary for the owner, the property manager makes it an absolute priority to remain loyal to and honest with the owner at all levels of the transaction management process, including property management.
Maximizing Occupancy
Occupancy levels of properties determine their income. The financial implications of vacancies for owners are the number one concern. Therefore, maximizing the occupancy of all properties is the primary goal of any management company. Yet depending on the amount of upside potential of a property versus the cost of obtaining new tenants, the strategy employed for maximizing occupancy may vary considerably from one property to the next. An outstanding manager excels in determining the best course of action, either for retaining existing tenants or finding new tenants. If finding new tenants is the chosen objective, after a careful evaluation of market rents, the manager uses every means of advertising at its disposal to get results: on site post and banner advertising, creative and aggressive custom web campaigns with videos, or newspaper advertising — with the aid of publicists if necessary and within budget.
Financial Reporting
A key responsibility of the property management company is the preparation of financial reports for the owners. Since financial reports are designed to meet the specific accounting needs of owners, the frequency, format, and detail level of financial reporting required is dictated by the owners. The number of reports issued and timing of reports also varies depending on property ownership structure and the accounting or supervisory needs of owners. State-of-the-art property management software to achieve the most proficient custom financial reporting is a must.
Communication
Owners expect their real estate managers to know more about their properties than anyone else and, more importantly, to communicate that knowledge frequently and in detail. The frequency of communication expected will vary from owner to owner. Different levels of ownership experience, varying property types, conditions, and locations all make for varying degrees and frequency of reporting required. A great management company is expert at working with owners to determine the right amount and frequency of reporting required to achieve expert communication whilst maintaining the highest level of management productivity. Best of all, with the online owner information portal, owners can easily access property information, rent rolls, and property financials anytime.
Legal Compliance
A management company has to be careful to fulfill all legal requirements-federal, state, or local- for managing and operating their property. Key legal issues to be dealt with include Landlord-tenant law, lease negotiation, evictions, and property specific concerns pertaining to various property types (common interest realty associations, multifamily, commercial, office, shopping centers, etc.).
Maintenance Coordination
Time and use take their toll on property. Owners expect their real estate managers to protect their investments by maintaining the physical aspects of the structures and common areas. Because a carefully maintained property keeps residents and tenants happy and preserves the property’s appeal, it is also critical to ensuring continued occupancy and, ultimately, cash flow. A good property manager therefore approaches maintenance with the following objectives in mind: achieving optimal functioning of property; reducing operating costs; extending the useful life of equipment; achieving tenant satisfaction; increasing tenant retention; and maximizing property income and value. But the degree of maintenance required, spanning from cosmetic repair and preventive maintenance to corrective or emergency repairs, depends on many factors such as property cash flow, investment horizon, and degree of pride of ownership.
Real Estate Law, Imminent Domain and the DHS Considered
Just when you thought you knew everything about real estate law, there comes along something that changes everything. Let me explain something that recently happened to a friend of mine that owns a coin op carwash and a mini storage unit does right by an airport. The new Department of Homeland Security laws requires that each Airport have a buffer zone between the airport fence and the rest of the world. This is to protect against so-called terrorists coming onto the airport property or firing a weapon over the fence.
Despite what you might think about such a topic, or how you lean politically this can be a huge problem if you own a piece of property that is adjacent to the airport. In this case, my friend found that his properties were cut in half by imminent domain and the government bought the properties at the bottom of the market. When they cut off the back of his coin op carwash, it was no longer usable and therefore he had to tear down the facility because he couldn’t make money with it any longer.
There simply was not enough room to turn around in vehicles and therefore no one came to get their cars washed anymore. He couldn’t sell the carwash equipment or the building to anyone else for the same reason. They didn’t give him enough to pay for his losses but he was stuck.
He originally purposely put the carwash and the mini storage unit next to the airport because he knew someday that land would be worth more. So even though his businesses were barely making the payments as it was during the recession he figured that his investment was safe and he was going to use that money to retire someday when he sold the properties in 20-years.
Just because you think you know real estate law, does not mean that your investments are safe. Please consider all this.
How To Succeed At Online Product Creation The Easy Way
Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.
Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.
Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.
Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.
Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.
Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.