85% of Americans would love to earn money from home. Many people hear about home-based businesses constantly, but don’t understand the concept enough to follow through with their curiosity. The benefits of starting a personal home-based business are numerous, personally appealing, and cater to a lifestyle that many people never get to experience.There are four top reasons that most people don’t create their own home-based business. Four reasons that are rarely true and can all be avoided with the proper instruction and teaching.
High investment financially.
Too much time required.
High risk with no payout.
Complete lack of knowledge in the area.
These reasons are understandable, can happen, and have happened to many people. It’s sad to say, but there are likely more scams on the internet than actual income generating opportunities. That’s just how the internet works, and we’ve learned to deal with it. All four of these reasons can be false however, and easily corrected. You simply need the right opportunity, one that’s not focused on taking your money from you.There are countless ways to make money on the internet. You can create your own product and market it, perform tasks online, offer writing services, the list goes on and on. The most lucrative and appealing form of internet income is network marketing, or multi-level marketing. This is not a pyramid scheme, cold-calling, or door-to-door work. It is legitimate cooperation with a business or company to represent their company/products/services to others. You create sales, and in turn get commission from those sales. Network marketing is nothing new, and has been around a very long time. The benefits of starting a home-based business utilize the internet along with network marketing and create an unlimited funnel of personal wealth. This could be MLM, affiliate marketing, a personal business, etc. The benefits discussed below apply to all.The benefits of starting a personal home-based business:
No boss (plan your own workday, monitor yourself, set priorities)
No income ceiling (unlimited income potential)
Self-satisfaction (you create the business, you get the credit)
Work with people you like (no difficult coworkers, no office politics)
Flexibility (work whenever you want)
No commuting (save time and money)
No office expense (quicker profit)
Security (no layoffs, no downsizing)
Tax deductions (home office, car expense, medical insurance, phone, entertainment, travel, education, etc)
Better retirement plan (SEP IRA’s and Keoghs let you deduct a higher percent of business profit from your 401k)
Now the list could go on, but I’m sure you get the idea. You are the owner, the employee, and the CEO. You decide what to do, when you want, and how to do it. Do you want a website? Do you want to promote offline as well? It’s all up to you. Network marketing, or MLM, has some additional benefits that are worthy of mentioning as well.Additional benefits to an MLM opportunity:
Low start up cost: Start programs free, invest a little, or invest a lot. You determine what you’re paying. Most businesses take thousands of dollars in capital to begin.
No expensive training: You can find all of the information and training to have a home-based business online. Just like any area of study, you will have to learn new things and be eager to better yourself in the area of home-based business.
No administration hassles: You’re self employed, but you’re a rep for an established company which handles all the product selection research and development, shipping, warehouse, etc. Basically, they did all of the typical business hassles so that you don’t have to. This is an awesome thing.
Keep your regular job: No one has to know that you’re working at home. If you’re not seeing income right away, nothing is making you quit your regular job. Until your “part time” income is high enough to replace it, you can manage both at once.
No expensive tools necessary: A computer is all that you need. Your most critical tool is people skills, and you’ll learn those more in-depth along the way.
Residual Income: You profit from the product purchases and sales of everyone in your group. Nothing is more important to your financial future than the residual income concept. It’s an aspect that makes MLM so unique and appealing.
Keep in mind that you can do anything your heart desires to make money online. I am simply highlighting the benefits of starting a personal home-based business for you to see the potential that it has for anyone, experienced or not. If you’re a complete beginner in online sales, a program called Internet Income University will teach you everything you need to know along the way, while helping you to earn money simultaneously. And it’s completely free. Even professional marketers have signed with this program because of the lucrative F.A.S.T. Income Plan they get you on.If you like talking to people face to face, you like the idea of traditional network marketing. You enjoy that personal touch that you can add by conducting an in-person meeting with someone. Don’t get me wrong, you can still profit by marketing online at the same time, that’s the beauty of MLM, you can promote however you want! A top-notch fitness company, Team BeachBody, encourages both offline and online promotion. Discuss it over dinner, refer people to your personal web page for it, or promote it through your Facebook page, it’s all up to you.The benefits of starting a personal home-based business are almost too many to discuss. It is a world that is literally at your fingertips, and ready to be used in a unique and personal way to generate even more income. You’re the boss. Now start your home-based business today.
The Benefits of Starting a Personal Home-Based Business
Considerable Factors Involved in Product Creation & Marketing
The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.
Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.
The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.
It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.
Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.
The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.
People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.
Top 10 Home Based Business Ideas in Today’s Digital World
A couple years ago I would have never thought about the top 10 home based business ideas; but like everything and everyone, things change. In today’s economy so many people are scared of starting a home business, but it really isn’t that bad. While you hear and see on TV that people are tightening their pocketbooks, there is one thing for sure; there is no recession on the internet.There are millions of families that have been affected by the current global financial crisis. Some have lost their homes, their jobs and everything they have owned. Others are looking to build the backup plan or additional income to get them through the tough times. Many are turning to different home business ideas because they offer the flexibility, low cost and lower risks models compared to the traditional brick and mortar business.Here is my list of what I consider the Top 10 Business Ideas and what they potentially involve:Blogging – A very low cost of generating income from home; is on the internet and is individual that do this are known as “bloggers”. Blogging is very easy to set up, maintain and gives you the ability to write about topics that you like. There are millions and millions of people online reading a wide range of content on a daily basis. With blogs you could become very successful by attracting certain readers and offer them products and or services that help them. You could also “rent” out space on your blog to different marketers, which in turn provides you with additional income.Home Based Franchise – The possibilities are near endless of starting a home based internet franchise; and many are recession proof. I have known people to start the own internet franchise but this is much more risky than joining a proven, time tested internet franchise. While an internet franchise can be a huge learning curve for many, I have found this as the most rewarding in more time for what I like to do but also the compensation is normally higher.Home Based Tutor – Although you may not have thought about this as an option, it has become a very viable one. No matter how bad the economy gets, people are always looking for additional education to enhance the situation that they are in. Many parents are doing everything in their power to obtain the finest education for their children, sometimes even taking out a second mortgage on their home. With the standard education; many people are obtaining tutors to give themselves and their children an educated edge over others. As unemployment rises, many are going back to school and they require some additional tutoring to help with the learning curve.A Food Home Business – No matter how grim it gets, people still have to eat and many are starting to cut down the amount of times that they go out to restaurants. With a food home business, you want to focus on a niche that is still needed year after year. Many people start a bakery offering wedding cakes, birthday cakes and other different treats involving chocolate. The chocolate industry is booming due to the satisfaction it gives to people and the lower cost compared to other treats.A Staging Home Business – With the real estate industry plummeting at an uncontrollable rate, home owners need help staging their property to sale. Home owners trying to sell their homes are turning to home staging experts to prep the home to its highest potential. Not only do home owners request home stagers but also banks and real estate agents; to prep and sell the property quickly.Virtual Assistant- Many companies are trying to reduce their operating costs while improving their profits. Companies have been and will continue to outsource, which gives you the ability to become a virtual assistant. A virtual assistant provides assistance and support to businesses, entrepreneurs, executives and really anyone that needs help but does not want to hire a full time employee. This is a very low cost in high demand home based business idea.Caregiver – no matter what happens, we are all getting older and caring for the elderly is now and always going to be in high demand. Many of the individuals now that need adult day care are also tightening their wallets but there will come a time that they need additional care and support that you could provide.Trading Assistants – During a recession more and more people start selling their personal belongings to get by for another month or two. Many people have heard of eBay and Craigslist, the problem lies with many not feeling competent enough to use them. Many people believe it or not, still do not have an email address or never used a computer. For this reason trading assistants exist, they help sell other peoples products in which they obtain a percentage of the sale price.Cosmetics Consultant – the demand for cosmetics will always be there, mo matter what. Many times during the toughest times is when products like cosmetics are at their peak. There are two primary reasons for this:People want to continue to enhance their visual appeal to maintain their employment or to gain new employment.It makes people feel good about themselves, improving self confidence in turn improving productivity.Affiliate Marketing – This is the home based business idea that many people use online and offline the same. This has become very popular and has exploded as unemployment rises and the recession continues. Becoming an affiliate marketer allows you to make a great deal of money while working from home; selling products like cosmetics, vitamins, soap, educational products and many more.While I cannot say that I have tried all of the Top 10 Home Based Business Ideas, I can say that I have been involved with a few of them. All of these ideas have pro’s and con’s, each has its own level of risks and rewards. I have had my home based business for quite awhile now and love the freedom and the financial benefits that come along with it.