Month: May 2018

Starting a Home Based Business and Goal Setting

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Introduction

When you look back over human history, the concept of working from home is not new. A lot of paid work was done in the home. A shoemaker, for instance, would make his shoes in his own house and there are many other examples that can be given where people in times gone by worked from home.

However, with the onset of the industrial revolution in the 18th and 19th centuries, the locus of work shifted from the household to the factory. Now, with the advent of the computer and the World Wide Web, many people are discovering the rewards of starting a business that enables them to work from home.

Home based businesses are, in fact, some of the most rapidly growing segments of todays business world. If you are looking to start a business working from home this article will provide you with some home business start up tips and also look at goal setting when working from home.

A Summary of the Work from Home Benefits

When you work from home, you have many advantages that other business people do not have. You have no additional expenses incurred by rent or mortgage on the building. The start-up costs are likewise reduced or even eliminated, since the entrepreneur may already have the necessary items such as a telephone, computer, a printer, a fax and other office items. Time and money spent on commuting to and from work are also eliminated. All these factors have led many entrepreneurs around the world to start a home based business.

Starting a Home Based Business Home Business Start Up Tips

Along with setting your goals there are a number of actions that need to be taken when setting up your business. Below you will find a selection of business start up tips that will help you set up and run your home based business.

1) The need to be flexible in business. As times change adapt your home business to keep up with the trends in the home based industry implementing business opportunities, information products, software and training programs that compliment the business you have already set up and which help move you forward.

2) Consider what work you enjoy doing yourself and outsource the rest. Build a dream team of outsourced workers who can help you complete the numerous daily business tasks.

3) Dont go it alone, select a business mentor. Research your marketplace and find the top players in your niche and follow them learning from their experience. Opt into their subscribers list and learn from them. Work with a mentor who has been there and done it and who can support you with your business through coaching, education and training. Choose mentors who pass onto you their experiences so that you can avoid making the mistakes that will slow your business development down.

4) Do a vision book having set your business and personal goals which look at what you want to achieve in the short medium and long term visualize them? Put pictures into a scrap book, in a folder or on your home office wall and look at them every day to remind yourself why you are doing this in the first place. This will help you keep motivated. For example, if you want to make money on line and set up automated systems so that you have more time with the family put pictures of this into your vision book.

5) What business model to follow Whilst working online from home you will find that many business opportunities hit your inbox. However, how do you decide which one is right for you? Well, once you know what type of business you want to build, what you are passionate about and why you want to do it, then you will build the right type of business from the outset because you will only take on businesses that meet your own criteria. Dont feel obliged to join everything going. Just join what works for you and businesses that help you build the right business the right way so that you fulfil your own goals and dreams but also help others solve their problems along the way.

6) Have a daily plan of action Each night, go over what you have done in the day, see what you have accomplished, congratulate yourself and figure out how to carry it forward to the next day. Write up daily plans of action, cross them off as you do them and feel good about what you have achieved. This way you are looking at what you have done and not what you have not done.

7) Read inspirational stories and listen to music that motivates you Find articles in books, in magazines, or online, about people who have been successful at similar businesses. Play music that gives you a lift each day and which makes you feel upbeat and motivated.

8) Read out loud personal and business declarations Do this each morning as you get up. An example might be “No one will ever fire me again because I am my own boss” or “I will be debt free through my business ventures” or “I am now on a course to change my life totally and pull in millions of dollars”. Why would you do this? Well, because it helps you remove any limiting factors and by reading out your own declarations each day it helps you maintain your focus, stay positive and remove any limiting beliefs you may have every day.

9) Parallel Lines: Basically, you can stay in the system and the same place or choose a different path which allows you to leave the system and achieve your goals and financial freedom. Do not make excuses not to do something Just do it; your attitude is what propels you to go forward. Make excuses not to do something and you will stay put!

10) Register yourself with the appropriate Tax and Vat offices.

11) Set up your account with an accountant and set up a business bank account.

12) Get your home office set up with the Utility Company for the telephone lines, internet, mobile phones, gas and electric and buy and set up your computer system.

13) Look at what you are passionate about. What knowledge can you share with the world? Having decided upon the niche you are going to work in put your foundations in place by setting up your products, services, landing pages, auto responders, websites and educating yourself about marketing offline and online.

Its great that you know which business opportunity you are going to join and develop but dont make the mistake of not educating yourself about marketing. There are many elements to a successful business and if you take the working online route then as well as having an affiliate product or your own product or service to promote, you will need to learn about building squeeze pages and websites, list building, and investing in marketing and how to set up marketing funnels.

14) Work in a team or join an online community in your niche. Be a pro-active member adding value to the team and community that you are in by sharing your knowledge for the good of the team. In this way you will build your profile and also be able to feel part of a community of like minded people with a common goal of helping each other succeed.

15) Consider exactly what type of enterprise will you be running? Will you be selling products, or will you be performing services? Or maybe your home based business will be offering both. What kinds of products and/ or services will be offered? How will you go about obtaining those products, or the skills needed to perform the services? And how will you pay for them?

16) Your target audience What kinds of customers are you targeting? The general public? Local People? A Global Audience, Men only, or Women only? People in a certain age group, such as middle aged people or the elderly? And how much money do you expect to make from this venture?

17) What will the name of your business be? You should choose a name which both clearly indicates what the business is about and sounds attractive to the potential customer. For the work from home internet marketing niche the branding tends to be personal so that a website would have the domain name of the individual marketer.

18) Finally, check to find out about any licensing and legal requirements for your chosen business opportunity.

Goal Setting When Working From Home

In addition to setting up your new home based business, goal setting is crucial; it must be taken care of at the start of your business and it is also a good strategy to continue to set new goals as your home business develops.

The goals you set for yourself should be Specific, Measurable, Achievable, Realistic, and Timed. A specific goal that is measured through statistics and analytics, that is achievable and realistic so that you are not setting a goal that is out of your reach. A goal that can be achieved by implementing a business opportunity and working it within a period of time that is not unrealistic.

In my experience goal setting can often be overlooked at the start of a home based business and many people know what business they want to run but they dont know why! If the why isnt big enough then quite often the motivation dwindles and the business does not help the individuals meet the goals they have set for themselves.

Once the task of goal setting has been taken care of, you now have the challenge of putting those goals into action. This wont happen overnight, so remember you wont get rich quick, it will require work and dedication.

Starting A Home Based Business Final Remarks

Finally, remember that, as with all human ventures, there will be times when your work gets you down and you may feel like throwing in the towel. Dont quit!

Now you may seem to be getting nowhere, but the next opportunity may be just around the corner. If you quit, you may be missing out on that opportunity. See it through and dont quit! Keep going with your business, persevere, develop a no quit attitude, take yourself on a journey to success and work through all the barriers that will surely present themselves.

In the end you will win through and you will find yourself with a successful home based business on your hands where you not only are helping many people along the way but also making a very decent living working from home.

Network Marketing 7 Common Mistakes To Avoid When Building A Successful Home Based Business

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If the network marketing business is so good then why 90 percent of the people see the opportunity but fail in it? The business idea of building a large organization is so simple yet not easy to accomplish.

In this article, we look at the 7 common mistakes to avoid when building a successful home based business.

1) I must find the Super Salesman / I must become the Super Salesman.
Many of us view the MLM business as a numbers game but a successful network marketing business builder looks at both quantity and quality of people. There is no doubt that sponsoring is the foundation of building a large organization. However, as concerned as we are about the numbers in our team, we would rather be sponsoring five teachers than five salesmen.

You see, we are not dismissing the fact that salesmen can be a great asset to your team. Sure, the salesman will automatically do very well in selling the high quality products your company offers. They are able to put together their own presentation and sell effectively to people around them.

However, we do not want to tell our people how to sell, we want to teach our people how to sponsor and teach to build a large organization. Likewise, if you are a sales person yourself or you have people who are sales oriented in your network marketing team, teach them how to sponsor and teach to build a sustainable organization.

It can be difficult because if for example, you tell your super salesman that you need to sponsor people to make the larger amounts of income, what will they do? They will go out there and sponsor 3 to 4 people a week. This is great isn’t it? However, you may then notice that people are dropping out as fast as they join your team. This is because you are not working with them effectively. Sooner or later, your super salesman will be discouraged by the high leaving rate and leave the organization as well.

In order to avoid this, our organization has to be built on the strong foundation by TEACHING OTHERS to sponsor and teaching them to teach others to do the same.

2) I need to sponsor the whole world to be successful.
The Super Salesman can sponsor 100 people in a short period of time but most (or sometimes all) of them will drop out of the business. Now, which do you feel you could do more quickly — sponsor 100 people yourself? Or sponsor 5 people who are serious and teach them how to teach their 5 to do the same?

The network marketing business concept works on the idea of LEVERAGE. There is absolutely no need to sponsor the whole world to be successful. Concentrate on working with five in your team and teach them also to work with their five and so on.

3) I only need to bring in one other person.
Most people think that you have duplicated yourself once you brought one other person into your organization. This is NOT true. The concept of true duplication only comes about when you have built your organization THREE LEVELS DEEP.

Take the example you sponsor ‘A’. If you leave and because you did not teach ‘A’ and he does not know what to do, that’s the end it. On the contrary, if you DO teach ‘A’ to sponsor ‘B’, ‘A’ will know what to do even if you go away from the organization. However, if ‘A’ does not know how to teach ‘B’ to sponsor, then again the structure will collapse and that’s the end of it too.

Therefore, in a team, it is imperative to teach ‘A’ how to teach ‘B’ how to sponsor ‘C’. Now, you are THREE DEEP and have successfully duplicated yourself. And the same goes for ‘A’, he or she has to build three levels deep as well to keep your team sustainable.

Looking For A Home Based Business Opportunity K.I.S.S.!

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Ray Croc, the founder of the most successful and most recognized restaurant chain in the world, once coined the fraise, Keep It Simple Stupid or K.I.S.S. for short. He recognized very early on that simple is good that simple is the most productive way to run a business. This simple concept is what has driven the McDonalds franchise into the monster it is today.

If you are looking to be successful in a home based business of your own then why not stick with a concept that works, simplicity? How can we find such a business opportunity? E-A-S-Y! Affiliate Programs!

Ask yourself this, what home based business do I know of where I dont need to concern myself with inventory, storage, packing, shipping, complaints, returns, phone calls, emails, checks and credit cards, etc.? When your only concern running your home based business is generating traffic to your affiliate links, your life is immensely less complicated and less stressed then it would be running your home based business in the traditional sense!

Generating traffic to your affiliate links is accomplished the same way as you would generate traffic to any internet business. You will want to have your own website. Yahoo makes it very simple to set up your own website using their free SiteBuilder application and they will host your site as well for extremely reasonable prices. Your website dose not have to be fancy. Its only job is to display your affiliate links. Once people click on your affiliate links, then they will be taken to a fancy website. At the top of your website put a brief description about what your site is about. With each of your affiliate programs put a brief description of what is being offered along with your affiliate link at the end. Do not divulge too much information about your affiliate product or service because then people will think they know what its all about and loose interest. Just enough of a description to stimulate their curiosity is enough. Let your affiliate website do all the selling!

Make sure to put Cost-Per-Click(CPC) advertising on your website such as Google AdSense. Google makes it very simple to put their AdSense on your website and its free! The ads displayed will be relevant to the content of your website and you will be paid a commission every time someone clicks on one of the ads. Doing business online is a numbers game. Most people who will go to your website will not buy from you, they will look around and leave. Think about it, if someone is going to leave your website, with or without buying, wouldnt you rather they left through a link that will pay you every time someone clicks on it? A very substantial part of your income will come from Cost-Per-Click advertising.

Once your website is up and running there are a number of ways to drive traffic to it. Here are two of the best. They are also free!

Start your own Blog. This is a great way to drive free traffic to your website! Google will even give you your own Blog site for free at Blogger.com and its simple to set up. Having your own Blog and making daily posts will with time establish you as an authority figure in peoples minds on whatever topic your Blog is about. With time people will come to trust and believe in you, and people will buy much more readily from people they know and trust. As peoples confidence in you grow some of them will want to see what you have to offer them by checking out your website.

Internet Promoting Easy Home Based Mostly Business Giving Freedom And Lifestyle

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Nearly actually, you’ve got observed varied commercials posted on neighborhood or perhaps national newspapers of various corporations that are wanting staff. Undoubtedly, thousands of individuals can respond to those job vacancy ads, obtaining an interview, however solely a small proportion can get hired. But, there are tens of thousands of staff who have gotten laid off and mix to the increasing amount of unemployed people. They are visiting bear the standard technique, making an attempt their luck in getting another insecure job instead of trying to different alternatives like an straightforward home based mostly business.

What these groups tend not to appreciate is that there are still alternate choices of generating an income lacking the rat race game of employment where hundreds of mice are wanting for simply one piece of cheese. On the other finish of the scale you will discover individuals who have heard of varied business opportunities over the Net, plucked up the courage and shallowness to face this distinctive challenge, and fortuitously accomplished their business targets. In different words, these spirited of us accomplished success in the game of Online selling where failing is pretty much out of the query-if you recognize the way to play the game and embrace an economical promoting structure.

These individuals who are now referred to as Internet entrepreneurs experienced the benefits of an easy home based mostly business opportunity. They are uncontrolled from the hassle and pressure of operating in an workplace or factory, profit from the pliability of their operational hours and pressure-free scenario of their homes, and pay most of their time with their friends and families. Several of them started their new straightforward home based business, designed it up, and created streams of income that will cause them select to either offer up their regular career for smart or not bother searching for a new career at all.

The U.S. Tiny Business Administration (SBA) confirmed a number of the benefits of beginning an straightforward home based business through diverse Internet marketing potentialities:

The profiting and growth potential of the business alone is vast, considering the actual fact we have a tendency to currently have growing numbers of people who prefer online purchasing in addition because the bigger than ever availability of the World wide internet all over the world.

The chance is low when the Net marketer masters the skills and experience required in running his/her straightforward home primarily based business on the Internet.

Your laborious work and extended hours of running on your home based mostly business will profit your fully instead of increasing the revenue of someone else.

Running your business, significantly among the comforts of your own residence, provides countless problems also education opportunities that you’d be in a position to use on more businesses.

You are now the boss, which is what a massive amount operating individuals desire to be.

When you’ve got your easy home based mostly Net promoting business, you are currently joining the collection of on-line-based entrepreneurs who take pleasure in the advantages of operating from their homes and being their own bosses.

On-line marketing offers a big range of simple home based mostly business concepts for everyone-affiliate businesses, online promotion, and any ventures. The good factor here is that these opportunities independently require skills, experience, and information that are very simple to find out and there are some great individuals out there waiting to teach you the important things to point you in the direction of success.

Regardless of whether or not you select to work full-time or half-time with your business, just beginning your home business can inspire the important emotions of freedom and independence since you wish working on your own schedule and happen to the boss.

Functioning at home and producing hundreds to tens of thousands of greenbacks every month in front of your laptop or laptop? With Web promoting, simple home based businesses are created and massive income is usually possible for anyone willing to open their mind to new opportunities.

Is An Online Home Based Business Right For You

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The home based business world is a weird and wonderful place. In this article we will take a quick insiders look at how to run an online home business to help determine whether this industry is for you or not.

We will also look at the best way for new entrepreneurs to fast-track the success of their online business.

The obvious advantages of a home based business are financial and personal freedom. Many people do not start their own online business to try and become rich, but simply to earn just as much money as in their 9 to 5 job from home. So I would say the freedom aspect is the most appealing part of the industry to most people.

It is a great feeling for your morning commute to simply be from your bedroom to your coffee pot! That is what makes it all worth while, no matter if you become an online millionaire or not.

But a home business is not as luxurious as it first may seem. Newbies to internet marketing are forgiven for thinking that it will be a quick and easy ride.

I think we all go through an initial 6 to 12 months of looking for the quick and easy “secret” to internet riches.

I blame the sales pages of online business opportunities. They make it sound so much easier than it really is just to entice the newbies in.

In reality, a home business is hard work. And you will not suddenly go from newbie to living the internet lifestyle in a few weeks or even months.

Quick progress can and does happen, but you need to set realistic expectations from the start.

Don’t see it as a short term thing where you will just dip in your toes for a month or two and then quit if you are not making a full-time income after that. Take you time, embrace the challenge, and celebrate the smallest of successes on this exciting journey.

Many people fail with online marketing not because it is hard (it is hard, but not rocket science either) but because they quit. If you approach things from a positive attitude over a consistent period of time and keep tweaking and improving your marketing then it will be hard not to get results.

Another thing to be aware of is that you can feel quite isolated working from home.

I remember when I first quit my job, I thought it would be the best thing ever to be at home all day. It is very cool, but just be prepared to get a bit bored and lonely from time to time in an empty house when the rest of society is at work.

And work ethic is also essential. In a 9 to 5 job you can get away with just doing the minimum amount of work required to not get fired. But with a home based business you need to be self motivated and be prepared to work even harder than a typical job when first starting out.

If this is what you really want to do, then you can do it. Just set yourself realistic expectations and be in it for the long haul and you will do just fine.