Have you ever given thought to the fact that most people give more thought as to what dog to bring home for the family than what is the best home based business for them? Sadly, true. Often a flashy web site offering great wealth with little or minimal work is involved, everything will be provided for you to be successful and then they show a big house and fancy cars as if to demonstrate their great wreath. Well, shame on them for the miss leading people and just to be fair, shame on you for considering them. It is often greed on the part of a person looking that wants a whole lot and without having to do much of anything to get it.So before you start your research, sit down and list your whys:o Why do you want a home business?
o If you have a family, how do they feel about the idea?
o What is your purpose both short term and long term?
o What do you expect to get out of having your own business?
o What drives you – Money, freedom of time, ability to quit job, etc?
o How much time are you willing to put into your business?
o Financially, how are you set? How much money can you invest in your business?
o Considering it takes often one to three years to really make a good profit, will you stay the course?Internet based:Today in the world, it is almost impossible to find for yourself a best home based business venture without using the internet for advertising and visibility, financial, information and more. It has become the most essential tool in your business life. Whatever business you choose, try to do the one which is internet based or at least be aware you will have aspects of your business where you use a computer. There are however, lots of advantages involved in making your business internet based as it is the fastest growing area of marketing and will be for many years to come.Through your website, your product or service can be known to people across the globe. This will increase the chances of making business from the global website visitors or you can aim for a local market. You are aware that it is not possible for you to work 24 X 7, but by owning a website, you can make your business work round the clock for you.You can reach out to the customers in your niche market at the convenience of your fingertips by communicating with them via email or Skype. You can make announcements of upcoming events and offers directly to the customer and attract their attention towards your home based venture. Many businesses are producing weekly or monthly newsletters for their clients and having excellent results.Personal benefits:If you are looking at a home business as a full time prospect, then there are a lot of advantages associated with it. You can work being at home and thereby providing yourself that flexibility of being able to manage your business and also have a full personal life. Moreover by working from home, you will always be closer to your family and you can ensure that your workload does not affect your personal relationship with them. However with that freedom comes the responsibility of firm and well planned time management.Success starts with considering all these points closely while selecting the best home based business for you in order to succeed in your venture. However it does not stop there, with your choice. The next step is to plan to work and work your plan. Success is hard earned, not just handed to you.
Best Home Based Business – 4 Considerations to Fit Your Life Style
Online Home Based Business – How To Use The Web To Leverage Your Business
Whatever your current situation, whether you are working for someone else or are self employed there is a very real opportunity today for you to start your own online home based business.There is a global recession going on and many of us are losing our jobs and struggling to pay the bills. Maybe your business is struggling to find new work and cash flow is killing you. Unfortunately these scenarios are commonplace today but there is a way you can start to take back some control through the power of an online home based business.What Exactly Is An Online Home Based Business?Well, they turn up in many guises and your situation will determine which one is right for you.So, let’s list a few ideas out so you start to get an understanding of exactly what an online home based business is:1. Creating your own online product
2. Internet marketing
3. eBay store
4. Membership sites
5. AdvertisingThese are just a few of the many possible online home based business ideas that you could look at. But why would you want to start one in the first place and how is this going to help you pay the bills today?Well the real power of the online world is that you have access to a global market. The reason a lot of us are struggling is because we have a limited local market. People are not spending money in these tough times and so your local business is finding it hard. But now imagine your local business went global, well now you have the entire world to market to and suddenly your business could be booming again.But hold on I hear you cry, what’s the point of marketing my business to the world if I can only supply locally? Well the power of an online home based business can easily overcome this. Whatever industry you are in I would be bold enough to say that there is a way you can supply this to a global market.Let’s take number 1 above and look at how a window cleaner for example could do this. Now this is a profession that doesn’t instantly translate to having a global market right?WrongFor instance, there is an art to cleaning windows, it is a very skilled trade and requires years of work and practice to get it right. Now there are going to be many new people out there in the world looking to start their own local business and could really benefit from the years of wisdom that you have. You can therefore write a book on the subject and sell it on eBay. If you don’t enjoy writing then get someone else to write it for you as you dictate your knowledge to them.The key benefit here is that once you’ve written it then it just keeps getting bought by new start up businesses and you only have to do it once. Your profit margin is going to be up at 70 or 80% and once it’s out there it just keeps on bringing you in money.Imagine that, in today’s tough economic times a window cleaner is making money whilst they are sleeping! And this can pretty much translate any standard business into an online home based business, you just have to think outside the box.
5 Steps to Selecting the Best Home Based Business
1.You Have to Build Rapport with YouThe oxford dictionary defines rapport as “A close and harmonious relationship in which there is common understanding.” To succeed not only in home based business, but in any aspect of life, you need to establish a harmonious relationship with yourself.While this topic is the foundation towards the pursuit of getting the best home based business for you, it is possible to write a number of books on this topic. Generally 95% people in the world are not in any sort of rapport with themselves. I have seen countless number of people robbing themselves of their spirit due to the lack of building rapport with themselves.Have you ever seen someone amongst your friends as a power source, illuminating every room they enter? Did you notice some one with a charismatic personality? I love Tom Cruise as on screen I notice how brilliant rapport this man has with himself!If you are already in good rapport with yourself, congratulations to you. If not, it’s never too late. Start today. Although it’s a long journey, I can guarantee you will thoroughly enjoy every step of this journey.2. Know What You Are Really Good AtAlthough it may be a rude awakening, I am confident you will agree with me on this point that if some one does not know what they are best at, how can they expect to find out the best in others?In order to figure out your strengths, I want to remind you to one observation that I noticed that often rather then chess players, the spectators can speculate the best movements more readily. Can you apply the same technique to find out the best in yourself?While you are thinking how you are going to achieve this, how much money is it going to cost, I will show you a way to figure out this valuable insight and at the same time you will achieve tremendous popularity among your loved ones. This is how you are going to do it.–Ask your mom what you were good at doing as a baby or as a kid? You were the most attractive thing on the universe to her, and I can guarantee no one has observed you more closely than her. My lovely wife once cooked me a food that I did not know about. I asked her, what is that? Her reply was, just have it honey, you will love it.” And I loved it; in fact it was the best tasting food in my life.When I asked her how she cooked it, she and mom laughed. The secret recipe was prepared based on my moms experience on what tastes do I like, it brought me into tears.–Take your partner out for a candle light dinner. Look at her eyes, and ask her softly, I need to find out the best in myself, and being my best half, I need your help. In the next half an hour can you please note the things I do really well?–Invite all your friends and relatives to a party. Ask them to do the same.–Individually write cards to your long missed friends and relatives, living far-away from you. Ask them the same question.Get ready to have the most pleasant and happy memories of your life. You will know yourself much better. This exercise has the power to change your life and make it so much fuller and richer!3. Prepare a Self InventoryAt this point; it is time to look at another side of you. Take a piece of paper, and write down your strengths. If you cannot think of anything, then you are over thinking. Just let the pen move.And then take a look at your weaknesses. Generally you will find the weaknesses list a lot longer than the strength list. Now I am going to tell you to do the exact opposite as most of the self development programs tell you, and that is,You already have the action plan for your home based business. You carry out the tasks that you are strong at doing; delegate the tasks that you are weak at to someone else.4. Know Your Goals in Home Based BusinessAs you have done the previous exercises, you have made the ground ready for the richest harvest of your life. Its time to plant the seeds. I ask the following set of questions to myself, and you may find it beneficial as well:–What is my main reason for coming to home based business?–Do I want to do home based business as part time or full time?–How much time can I give on my home based business?–Am I comfortable in taking risk or I collapse easily?–How much money do I need to make in the first year? Is it realistic and at the same time good enough to sustain my lifestyle?5. Take ActionIts harvest time. By all means for extraordinary results, think outside the box. Join your local home based business association. If there is not one, start one home business club. Remember the famous English proverb: “A smooth sea never made a skilled mariner.”Make a list of five potential great home businesses that suits you well. Prepare a financial forecast. Look if there are any franchises in that sector? After this critical thinking, you already have the best home based business for you.Before I bid good bye, I will summarize the key to finding the best home business for you by being in tune with George Bernard Shaw (1856-1950):”You see things; and you say “Why?” But I dream things that never were; and I say “Why not?”
3 Low Cost Home Based Business Ideas
Many individuals nowadays are leaving their desk jobs in place of becoming their own bosses by establishing home based businesses. However, the most common concern about establishing business from home would be the start-up resources as some of the would-be entrepreneurs are either cash strapped or would like to put up a business without having to lose the shirts on their back. This article will provide you with three low-cost home based business ideas that you might want to consider:TutoringTutoring is a low-cost business that works especially well for stay-at-home moms, home schooling parents or even college students who would like to earn a little something on the side. You can tutor students who are in need of help in their academic or even foreigners who would like to learn English or helping them study the subject. The key element of this home based business is your knowledge of the subject matter that you are offering. While a college degree or teaching certificate may not be required, you will still need to have full grasp of the subject that you are teaching, especially if you are planning to tutor high school or college students.Meeting and Event planningMeeting and event planning is one of the most lucrative yet easy to start home based businesses out there. The reason for this is very simple – an event regardless of whether it’s big or small will need preparation and for this, they will need the services of an even planner. The reason why it’s so popular among home based individuals is because they will be able to specialize. Say, you’re really good at preparing parties for children then a birthday event planner will suit you best. Or if you have the knack for preparing special solemn occasions like weddings, baptismal, or anniversaries then you can specialize in those specific areas as well. Be wary though as this business can have you working long hours and the competition can be tough as well.Freelance WritingThere has actually been a boom in this area of home based business as of late. The process is actually very simple and can get you started very quickly. By registering to various sites which will be able to post your qualifications for such a job, interested individuals will be able to contact you along with their requirements plus the compensation that they are offering. After taking the interviews or tests required, you and your client will come upon an agreement for which he may or may not send you a digital contract. The best part about this home based business is that you don’t actually need to have a lot of people or even equipments to get started. With a fast internet connection and a good computer you will be able to start working from home, offering your writing skills to the highest bidder – so to speak.These three ideas mentioned above are just examples, because there are many more low-cost home based business ideas that you will be able to find online. Take your time in searching for them and find out which one suit you best. Just remember to stick to only those that are considered legal as you might get into trouble if you’re not careful with the home based business that you choose.
Capital for a Home Based Business
Raising capital for a home based business is a difficult process. This is primarily due to the fact that most home based businesses are not qualified for small business administration loans. The SBA wants to see that jobs are being created with the capital that they are providing to small businesses. As such, if you are seeking debt capital for your home based business then you are generally going to need a conventional business loan, a personal loan, or a working capital line of credit. Most importantly, if you decide to go down this funding road then you are going to need to make sure that you have the appropriate collateral and credit score in place so that you are able to effectively receive the capital that you need to launch operations. As it pertains to collateral, you can expect that a bank is going to want to see that you have a substantial amount of equity in your home, retirement accounts, and vehicles. In a way, you can consider any debt obligation that you undertake to be a personal loan.One of the other ways that you can raise capital for your home based business is to use a working capital line of credit that is secured by any inventory that you are purchasing. This will ensure that you are able to acquire the goods that you need while also being able to focus your remaining financing on marketing efforts. This is especially true if you are launching an online based business that is based out of your home. An alternative to this is that if you accept credit cards via a merchant terminal then you can receive a lump sum loan based on your monthly receivables. However, this is an extremely expensive method of financing a new business. As such, you should focus on using your own savings or obtaining a standard line of credit rather than going down this road.Finally, you can always work with friends and family as it relates to obtaining the capital that you need. However, working with friends and family in order to start a home based business comes with a number of complications. Mainly, if the business does not do well or fails then these individuals will either lose their investment or you will be required to pay them back with a business that is not producing any income.In closing, you should decide which methodology is best for your in regards to raising capital for your home based business. Each type of financing scenario has its pluses and cons.
Things I Have Learned About Commercial and Retail Property Management
Commercial property management is perhaps the busiest and most intense part of the property industry. The knowledge that the property manager brings to the task is significant and special. Putting it quite simply, these people work very hard and should be carefully chosen for the buildings they manage.
Are the best managers for the role sourced elsewhere or are they allowed to rise through the ranks and other roles in the office? The answer is probably both. Importantly the person chosen for the role has to handle investment strategies for the landlord and occupancy issues for the tenants. This requires solid intelligence and analytical skills.
Retail property is even more advanced on the skill level scale. So much damage can be done to a property if the manager is underskilled or not well supported. All this requires a reasonable fee base of course. If the management fees are a recoverable item in a lease then it is a no brainer for the landlord to chose the best people to manage their property.
Low fees for property management produce poor levels of control in the property. The landlord and the tenants suffer.
It is very important that the bosses and proprietors of real estate businesses choose managers carefully. A well selected person will do the following for the real estate business:
Stabilise the property portfolio so cash flow is optimised
Attract more property tenants to the building when vacancy is pending
Encourage landlords to grow their property portfolio into diverse and well performing property
Provide a diverse commission fee base from well managed property including lease fees, rent review fees, and lease options
Minimise the vacancy factors for landlords in times of property growth and or pressure
Optimise the performance of the building outgoings in parity with the trends of the market
Build a better business for the real estate agent proprietor
Help the landlord build a better property income base
Provide a building business plan that matches the targets of the property investor and the investment lifecycle that they require
A good property management portfolio is a significant source of saleable listings in the future.
So a commercial property manager, is an essential part of the professional commercial real estate business. I would even go so far as to say that the best salespeople were grounded in the industry from a base of commercial property management.
Yes the mindset of a property manager is totally different to that of a salesperson, however the knowledge that comes from the role is high and relevant.
The management job provides real experience in legal, marketing, negotiation, lease structures, outgoings management, and property performance. Salespeople do not normally get that diversity as they move through their career.
The mindset required by a property manager is one of the diligence’s to the daily management task, accuracy in financial analysis, excellent communication skills, and dedication to the landlords plans and targets. When a landlord is well served, the manager brings stability to the cash flow of real estate business. Extra commissions are possible though leasing, lease renewals, and rent review negotiations. The property manager also needs to be well versed in the negotiations and elements surrounding lease occupancy and enforcement relative to each property.
If you need to find a commercial property manager for your real estate business, select the person that brings a real future to the portfolio and can strengthen the relationships with your landlords. A commercial real estate portfolio can then grow from the skills of the property management team.
Real Estate Law in Today’s Economic Climate
Real estate law has a very prominent place in the United States regardless of the economy. The nature of this type of law, however, does change according to the economic climate. During upward economic swings when the industry is filled with new development deals, sales, and loan applications, real estate attorneys are needed to write up contracts for new deals, demand payment for loans, draw up agreements for development plans, and more. During difficult economic times, these attorneys focus more on foreclosures, bankruptcy, and loan refinancing.
What Real Estate Lawyers Do
The demand for attorneys experienced in this area of law is extremely high at the current time, as most United States citizens have experienced some form of financial loss. These attorneys work with a variety of different individuals who are trying to take the best route concerning the losses they are experiencing. These clients include:
Developers–many developers are stuck in high cost construction deals that were put in place before economic problems arose. They may be trying to find ways out of the contracts they are currently bound to regarding these deals.
Private investors–investors who put large amounts of money into construction deals prior to the economic collapse likely lost large sums of money and want to find out about their options.
Landlords–many tenants are now defaulting on rent and landlords want to know about their rights and options
Commercial tenants–tenants defaulting on rent also want to know if they have any legal options that may allow them to stay in the space they are currently in
Individual homeowners–many homeowners are now unable to pay mortgages and are fighting foreclosure
Real Estate law has a solid place in our society and understanding its function is important if you are working in the industry.
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.