Tags |
|
|
Links |
|
|
Casual Articles - What to Look for in a Home Based Business Opportunity
I remember when I first launched my first business as a copywriter seven years ago, I had no clue what to charge. Without putting hard thought into what type of results my work gave my clients, I started out with an hourly rate that didn't scare ME! I would still even stutter when I said to clients, "My rate is si- si- si- sixty dollars an hour." Deep down, I wasn't confident in myself, so of course I wouldn't let myself charge more. And of course, as a result I attracted lame clients, worked like a dog, and stayed broke all the time.Well, things are VERY different today. I have no problem saying my consulting rate is $1,000.00 an hour, or that a private mentorship with me starts at a minimum of $10,000. And, here's the kicker: Because I take on so few clients now, at higher rates, and the bulk of my income comes from information products, I work LESS than I used to!Obviously this shift didn't happen overnight. Here are a few things you can do NOW to move in the same direction:1. Become an expert in something.Experts are more respected, get media attention, get paid more, and get less price resistance (meaning people are happier to pay you what you ask). I went from being a general copywriter to one who specialized
In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.
Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.
To find a home business opportunity that
In 2006 with many residential real estate markets in the doldrums, real estate agents and home sellers decided giving buyers; flat-screen televisions, tropical vacations, automobiles both new and used, closing costs and a myriad of other freebies would perk up buyers interest in a competitive marketplace.But many buyers were not buying the incentive hype. And, legally the practice was first questioned as a violation of The Real Estate Settlement Act and professional appraisal standards. Some incentive-filled contracts were executed, but filled with disclosures to mortgage lenders and tax accountants.Typical sweeteners to buyers:-One year free condo assessments.-One year free property taxes.-Closing costs credit up to five thousand dollars.-Free home theater or flat-screen television.-Free new or used automobile. The gamut ran from 2007 Ford Focus to 2005 Jaguar S Type.-Free all expense paid trip to Mexico for 2 or a Hawaiian vacation for four.-Incentives as a percentage of the homes value ranged from 1.5% to 6 %.The problem with these givebacks is that they don’t always get properly recorded when the home is sold. Real estate appraisers find themselves in a difficult position using
40-40-40 Plan (Rut)
40 minutes going to and from work
40 hours of work per week
40 years of life spent working slaving away for someone else?
When things get unfairly tough at work, do you still dream about your own home business – what you would do, how you would run your own home business, how you would treat your employees, what kind of money you would make, what product you would sell? Then when you decide to make a change in your life, do you look for another 40-40-40 job, putting your dream of your own home business on the back burner again for more of the same?
Do you know the end results of the 40-40-40 plan?
1% are wealthy enough to retire in comfort
3% are barely able to survive
27% are dead
69% are dead broke
Do you want to be in the top 1% that is willing to do something about it now, before it is too late? Being a former Human Resource Manager, I knew these statistics all too well, and I decided to take preventative measures.
Since you are still reading this article, I am going to assume you are looking for a change, moreover, a change as quickly as possible. So, let me share some of the wisdom I have gleaned from looking for a home business opportunity.
The two major focal points when looking for a home business opportunity are ones that will:
· optimize your efforts and time
· produce optimal financial rewards
Below are seven simple criteria to consider when looking for a home business opportunity:
1. Look for a business opportunity that offers a product or service that is, or will be, used daily by every household and/or business…
Think about products or services in your house that probably everyone around the globe uses on a daily basis. For example, services such as utilities, communication, appliances, etc., or products such as shoes, clothing, soap, etc.
Now think bigger – a product or service used on a daily basis AND that would represent a paradigm shift. For example, a paradigm shift was created in global communication when Alexander Graham Bell invented the telephone. Before 1885, no one had a telephone, nor had they ever heard the word “telephone”. Today, how many people do you know that do not have a telephone or cell phone?
Another paradigm shift was created when the first flight was made by the Wright Brothers in 1903. Today, man has already stood on the moon. Make yourself a list of products or services in your house that you can research to consider for a business opportunity.
2. Search for a home business opportunity that offers a product or service that has a global market…
It’s a small world. Plain old common sense would tell you that a home business opportunity with a product or service that has a global market would produce warp speed revenue when compared to one that is only within a local, regional, or national area. For example, the revenue produced from Microsoft with a global market is light years greater than that of a local shoe repair shop.
In addition, as you research this global home business opportunity, you will want to make sure that you are not required to stock products. It is time consuming to order products, receive and send out the products, manage backlogs, etc., not to mention the additional costs out of your pocket for shipping and mailing. You also encounter product changes or upgrades that makes your stock obsolete. So, avoid these types of home business opportunities like the plague.
3. An absolute must! Find a home business opportunity that incorporates leverage in its pay plan…
A business opportunity that incorporates leverage in its pay plan provides the best of both worlds. Leverage is a relatively simple concept. The best example is probably Ray Kroc and McDonald’s. Ray Kroc set up franchises for McDonald’s that agreed to pay him 3% of their profits.
In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.
Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.
To find a home business opportunity that
Affiliate marketing is most probably the key to the survival and progress of many cyberspace businesses. And this is why affiliates are being sought everywhere by almost every online company. One traditional marketing arm will not be sufficient for one online business who will be competing with other online companies which are offering the same products and services. Thus, affiliate marketing is very vital.Fortunately, many people with business blood in their veins realize the important role of affiliate marketing in e-commerce. And conducting affiliate marketing seems like a relatively easy method that even a person without a masters degree in business can do it. This is why there are many affiliates signing-up everyday. These new affiliates are supposed to open the doors of new leads for the online business. But nothing like that is happeningMany affiliates are not earning enough money and they find no significant activity going on in their websites. Is affiliate marketing a mistake? The answer is “no”. This practice is based on sound marketing concepts. And the major reason why most affiliates don’t earn enough money is that they have committed one or more of these mistakes.Mistake #1: Hard SellingAn affiliate
Since you are still reading this article, I am going to assume you are looking for a change, moreover, a change as quickly as possible. So, let me share some of the wisdom I have gleaned from looking for a home business opportunity.
The two major focal points when looking for a home business opportunity are ones that will:
· optimize your efforts and time
· produce optimal financial rewards
Below are seven simple criteria to consider when looking for a home business opportunity:
1. Look for a business opportunity that offers a product or service that is, or will be, used daily by every household and/or business…
Think about products or services in your house that probably everyone around the globe uses on a daily basis. For example, services such as utilities, communication, appliances, etc., or products such as shoes, clothing, soap, etc.
Now think bigger – a product or service used on a daily basis AND that would represent a paradigm shift. For example, a paradigm shift was created in global communication when Alexander Graham Bell invented the telephone. Before 1885, no one had a telephone, nor had they ever heard the word “telephone”. Today, how many people do you know that do not have a telephone or cell phone?
Another paradigm shift was created when the first flight was made by the Wright Brothers in 1903. Today, man has already stood on the moon. Make yourself a list of products or services in your house that you can research to consider for a business opportunity.
2. Search for a home business opportunity that offers a product or service that has a global market…
It’s a small world. Plain old common sense would tell you that a home business opportunity with a product or service that has a global market would produce warp speed revenue when compared to one that is only within a local, regional, or national area. For example, the revenue produced from Microsoft with a global market is light years greater than that of a local shoe repair shop.
In addition, as you research this global home business opportunity, you will want to make sure that you are not required to stock products. It is time consuming to order products, receive and send out the products, manage backlogs, etc., not to mention the additional costs out of your pocket for shipping and mailing. You also encounter product changes or upgrades that makes your stock obsolete. So, avoid these types of home business opportunities like the plague.
3. An absolute must! Find a home business opportunity that incorporates leverage in its pay plan…
A business opportunity that incorporates leverage in its pay plan provides the best of both worlds. Leverage is a relatively simple concept. The best example is probably Ray Kroc and McDonald’s. Ray Kroc set up franchises for McDonald’s that agreed to pay him 3% of their profits.
In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.
Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.
To find a home business opportunity that
Do you know what it takes to sell ice to Eskimos? First of all, let me tell you what it doesn't take.It doesn't take weekly deliveries of colorful ink pens to their icy hut.It doesn't take a meeting with the Vice President in charge of making ice to explain the logistics of ice making to the Eskimos.It doesn't take an MBA, or an MA, or a BA or even BS.It doesn't take the "Super Duper One of A Kind Sales Special This Week Only".It DOES take establishing a need for the ice. Plain & simple. As Jeffrey Gitomer says, people hate to be sold but they love to buy. If they need something they will buy it. But how do you establish their need?Discovery is the first and most important component to sales. And it requires the least amount of education & the most common sense.Rule #1 (which you'll note is also a top rule in my Customer Service Blog) is to remember God gave you 2 ears & 1 mouth for a reason. Divide your sales call into thirds. Use your left ear 1/3. Your right ear 1/3. And you'll notice that only leaves 1/3 for your mouth. Yep. That's right. The average sales person spends 80% of the time talking. The average sales person will never sell ice to Eskimos. Ask them what their needs are & shut up while th
Now think bigger – a product or service used on a daily basis AND that would represent a paradigm shift. For example, a paradigm shift was created in global communication when Alexander Graham Bell invented the telephone. Before 1885, no one had a telephone, nor had they ever heard the word “telephone”. Today, how many people do you know that do not have a telephone or cell phone?
Another paradigm shift was created when the first flight was made by the Wright Brothers in 1903. Today, man has already stood on the moon. Make yourself a list of products or services in your house that you can research to consider for a business opportunity.
2. Search for a home business opportunity that offers a product or service that has a global market…
It’s a small world. Plain old common sense would tell you that a home business opportunity with a product or service that has a global market would produce warp speed revenue when compared to one that is only within a local, regional, or national area. For example, the revenue produced from Microsoft with a global market is light years greater than that of a local shoe repair shop.
In addition, as you research this global home business opportunity, you will want to make sure that you are not required to stock products. It is time consuming to order products, receive and send out the products, manage backlogs, etc., not to mention the additional costs out of your pocket for shipping and mailing. You also encounter product changes or upgrades that makes your stock obsolete. So, avoid these types of home business opportunities like the plague.
3. An absolute must! Find a home business opportunity that incorporates leverage in its pay plan…
A business opportunity that incorporates leverage in its pay plan provides the best of both worlds. Leverage is a relatively simple concept. The best example is probably Ray Kroc and McDonald’s. Ray Kroc set up franchises for McDonald’s that agreed to pay him 3% of their profits.
In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.
Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.
To find a home business opportunity that
Whoever the bloke that first thought of this must be a genius. Imagine having to shop all you want, and then getting paid so you can shop all over again. If this job was offered years ago, our elders might be crooning, Fairy tale can come true… or Heaven on earth…(with more heart to it) who knows, they might even want to kiss this blokes hand – “Godfather” style. You have that smug twitch on your brows? Ok, you may think this could be stretching it a bit far?But then again consider yourself getting into a store, shop a little, pause a while, observe, have a little chit chat with the clerk, being the friendly amiable you all the time, pick a little more here - which can be reimbursed later anyway. Go to the next store and shop and shop and shop…and then get paid.Or go to a movie house or a spa or you can go to an assigned restaurant have a little refreshment - which your employer will be paying for anyway, pull out a newspaper, even the week old ones will do it will not matter, play the detective like listening, observing, taking mental notes on service, orderliness, promptness, integrity, customers handling, or a myriad other things that your employer tasked you to do…and then get paid.You go by many names. You are a secret shopp
In addition, as you research this global home business opportunity, you will want to make sure that you are not required to stock products. It is time consuming to order products, receive and send out the products, manage backlogs, etc., not to mention the additional costs out of your pocket for shipping and mailing. You also encounter product changes or upgrades that makes your stock obsolete. So, avoid these types of home business opportunities like the plague.
3. An absolute must! Find a home business opportunity that incorporates leverage in its pay plan…
A business opportunity that incorporates leverage in its pay plan provides the best of both worlds. Leverage is a relatively simple concept. The best example is probably Ray Kroc and McDonald’s. Ray Kroc set up franchises for McDonald’s that agreed to pay him 3% of their profits.
In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.
Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.
To find a home business opportunity that
Finding free government grant money can be time and labor intensive. Identifying the specific agencies and their purposes and specific subject areas can involve a lot of research work. Ads that claim the process is easy usually involve some sort of fraud and are untruthful. Government grant money will need to be answered for very specifically in today's world.Free government grant money does actually come with at a price. It does not have to be repaid, but it does come with strict conditions and restrictions on how it is spent. There are usually strong sanctions involved when used improperly as it is to be used directly for the outlined project and within the objectives of the funding source.Locating free government grant money for new and existing for-profit businesses is difficult. Typically, the free grant money is given to non-profit organizations that provide some sort of community social service function and benefit everyone. Despite this, it should be noted that there is still free grant money available from the government to entrepreneurs in competitive fields of business.The U.S. government's grant.gov website would be the best place to look to find available free grant money. Here, you will be able to find and apply for
In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.
Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.
To find a home business opportunity that will rocket you into financial freedom, the company should incorporate leverage, not only in their business plan, but also in their financial rewards, preferably on a weekly, monthly, and annual basis – one of which should be residual. Residual is important because you want some form of steady income that you can depend on.
4. Search for a home business opportunity with a company that has live 24/7 support available…
Perhaps you have experienced the nightmare of attempting to make an automated payment where you could not figure out which button to push next, or what they meant by their selection choices, and you were unable to talk to a real person to get your question answered. The frustration even compounds when there is a deadline involved for a continuation of service.
Repeat customers comprise 75% of businesses, and satisfied customers will be the main reason for their repeat business with you and your product or service. Even in this automated society, the person-to-person contact is preferred, at least by the customer. Therefore, your success is dependent upon a home business opportunity with a company that has live, warm bodied live support 24/7 – whether it is support you may need, or support your customer may need.
Another important aspect of a home business opportunity with a company that offers live support 24/7, is the global perspective. What is morning for you may be the next day for someone else on the other side of the globe. To be honest, I am hard pressed to think of an international company with live personal support. Locally, they are even hard to find! So, when you locate a global home business with a personal touch, you have found a true gold nugget.
5. Seek a home business opportunity with a company that has a proven success record…
A lot of people, and a lot of companies offering their business opportunity, will tell you anything they think YOU want to hear in order to separate you from your money. When you talk to someone about a home business opportunity – turn the tables. You interview them.
Don’t be afraid to ask the hard questions like what they are making on a weekly, monthly, or annual basis with their home business. Ask them how long they have been running their own home business. Find out how many hours a day, week, or month they spend working their business. Ask them to give you examples of how they market their home business. Especially important is to ask if they have to spend additional money for items such as business cards, advertising tools, etc.
An example of a company with a proven success record is Xerox. Although Xerox is not a home business, it has a proven success record. In fact, they were so successful that their name is not only an icon, but the name “Xerox” is synonymous with the word “copy”.
6. Look for a home business opportunity with a company that incorporates training from experts and other professionals…
The majority of people on the Internet do not know how to harness the power of the Internet and turn it into wealth machine for themselves. Most people do not know how to market a home business. Therefore, a home business opportunity with a company that incorporates professional, expert training, taking you from the basics thru the advanced stages of a marketing system, including how to use software programs, marketing tools, etc., is a virtual gold mine.
Since the majority of people on the Internet are not savvy with how to harness its power, a home business opportunity with a company that incorporates professional expert training is a definite requisite for success.
7. Look for a home business opportunity where the company works as a Team.
We all have our own weaknesses and strengths. We all like to have periods of “fun” when we work. When you have a business opportunity where the company works as
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/154689/casualarticles-What-to-Look-for-in-a-Home-Based-Business-Opportunity.html">What to Look for in a Home Based Business Opportunity</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/154689/casualarticles-What-to-Look-for-in-a-Home-Based-Business-Opportunity.html]What to Look for in a Home Based Business Opportunity[/url]
Related Articles:
California Limited Liability Company Names
The Importance of Customer Surveys
Reduce Your Debt - Free Online Debt Consolidation Advice
Bookmark it:
|