Home - 2019 - June

Month: June 2019

Running a Home Business – The Pros and Cons

Posted on June 5, 2019 in Uncategorized

During our pursuit of the mighty dollar, it’s difficult to find stability (let alone get ahead), so many people look in to running a home business. In my opinion, running a home business is the most viable option, simply because the alternatives aren’t very promising. Getting ahead using say, a job, requires serious, long-term financial planning, strong discipline when it comes to spending, and if you want to maintain an extravagant lifestyle after retirement, an additional source of income. No wonder why so many people have their antennas out looking for ways to make money running a home business.

First, let’s consider the cons:

Home business overload – since there are literally thousands of ways to make money from home, you can get pretty overwhelmed when looking for one that’s suitable for you. If you are plugging in to a turn-key home business, many opportunities are going to give you pretty high claims about what it can do for you. Most of the time they’re telling the truth, if the business has great leadership, a sound product or service, you put in the necessary work, and you are willing to invest in the growth and development of yourself.

Discipline – You cannot build a home business working 5 hours per week! People just starting out in the home business world are told this all the time, and it is a huge fallacy. The sad reality is that when these people don’t see the results they originally expected, they either move on to another, ‘better’ business, or quit the hunt all together. You have to take consistent, daily, business-building action in order to see the results. If you do anything less, you’ll get disheartened and want to quit without having given your business a fair shot.

On to the good stuff, the pros:

Tax write-off’s – It’s true, owning even a home business let’s you experience one of the advantages of the rich. Let me explain. Let’s say you use a home phone and your computer to run your home business online. Because you pay for an internet and home phone bill while doing business, you’d be entitled to deduct those expenses from the income you generated throughout the year. This, in turn, lowers the amount of tax you have to pay come tax season, and we both know that taxes are the greatest of all your expenses. Pretty cool huh!

Flexibility – what greater way to work on your business than on your own time! You set your own schedule, you determine how many hours you want to put in per week, and you get to decide when and how much you want to expand. An added benefit is you get to determine the ways in which you generate business, not your company. Whether you excel at direct sales, online marketing, creating flyers, etc, you’re not limited to performing just one duty to make money like you would in a regular job.

More money – If you do it right, you will be compensated handsomely, which is the whole reason you started a home business in the first place! The amount of income you generate depends entirely on your niche, current market conditions, your marketing approach, your personal skill set, your product or service, and most importantly, the amount of value you bring to the marketplace.

After reading this, I truly do hope you consider venturing into the home business world. There is something electrifying about taking charge of your life and not being a victim of circumstance (i.e. the economy, downsizing.) When running a home business, you get to put your head down at night knowing that you’re truly getting paid what you’re worth.

A Mental Guide for Home Business Success

Posted on June 4, 2019 in Uncategorized

Back then, a “home-based business” is nothing, but a group of hobbyists making crafts and selling their products online, or a group of eBay junkies who are collecting things from their attic with hopes that someone will be willing to buy them online.

Now that the home-based population have evolved, and continues to evolve, more and more people are becoming interested in the perks and benefits one can enjoy from being their own boss, and working within the confines of their home.

If you’re interested in starting a home-based business, here’s a mental guide for home business success:

Tip 1: Be in a “Feel Good” Environment

This includes investing in professional office equipment, as well as the furniture of your choice. We’re all vulnerable to repetitive stress injuries from using office equipment. Thus, things that fit ergonomically are more preferable in a home office. This includes a comfortable computer chair and keyboard.

Tip 2: Control Overhead

How much you make isn’t as important as you think– it’s how much you can keep by the end of the day. It’s great to have a home-based business, but you ought to know that getting bankrupt can still happen, especially if you’ll overspend or buy useless stuff.

Tip 3: Take a Break

A lot of home-based entrepreneurs have a habit of working 24/7. That’s not ideal at all. Every now and then, you should take a break and sneak out to see a movie, or just spend the rest of the day with your family or friends. Working at home gives you the freedom and flexibility you need, but it can also be tempting to work all the time, especially when the business becomes successful.

Once you have established a smooth-sailing business, give yourself the privilege of relaxation, so that you don’t get too burned out during the process.

Tip 4: Honesty Is the Key

Not everyone has the ability of working from home. If you’re one of the few who can, be honest about your work habits and see what makes you happy before you even start exploring this field.

Tip 5: Don’t Let Isolation Rule You

One of the negative impacts of working from home is the isolation. Whenever you get this feeling, try to fight it back. Don’t let this negativity lead to depression, and horrible business decisions.

This holds true especially if you’re running a small business at home. There’s always the tendency that you’ll feel isolated, because you’ll only have a few interactions with other people during the day. Combat this feeling by joining various community groups during your free time. Not only will this make you feel better, it can also help you get inspired and stay motivated.

Tip 6: Work Space Is Different from Family Space

If it’s possible, create a room that will serve as your office, especially if there are children around the house. Know that whenever you walk in that room, you have to accomplish two things: Work until you are done, and don’t let other family members interrupt you when inside that room.

Tip 7: Work When You’re Most Productive

Think about the time of day when you feel active, inspired, and invigorated. For example, if you think that it’s easier to accomplish tasks in the morning, then work on your most difficult projects during this time of day. Save the easier tasks later– when you feel tired and less creative.

Tip 8: Motivate Yourself

Sit down and set some goals. You no longer need to comply with progress reports nor quarterly reviews. However, you should still keep track whether you’re making a progress or not. The best way to determine that is by setting small goals, such as completing your to-do list on time. Likewise, setting goals that will keep you motivated is also advisable.

By now, you should be making much, if not more, money at your home-based business than you were at your former job. If this isn’t the case, evaluate yourself and see what can be done in order to improve. Don’t forget to reward yourself after hitting the goal.

Tip 9: Have Family Time

After organizing your professional life, it’s also important to pay attention to the personal life as well. Don’t let your job dominate you, especially if you have children. Every now and then, try to spend some time with them. Not only will it help you relieve stress, it’s also a great way of showing that they’re important to you.

How to Get Your Online Home Business Accepted For a Joint Venture Agreement

Posted on June 2, 2019 in Uncategorized

Joint venture arrangements with other, more experienced, Internet marketers is a great way for new home business owners online to get established quickly by building their email list and making sales. However, sometimes getting someone to agree to this arrangement can be easier said than done and this can turn into a long, drawn out process. So how can you expedite the procedure so you can get accepted for one of these contracts much sooner rather than later or, not at all?

There are several guidelines you should follow which should increase the possibility that you and your Internet enterprise will soon be working with well established and successful business people online.

1. When you approach your potential partners you must do so with an attractive offer so they’ll at least take the time to consider your proposal before making a decision one way or the other.

You should always over deliver in terms of what you’ll give the other business owner for access to their email list because, after all, you’re the new kid on the block and you should always keep that in mind during the process. Of course you should always be respectful and courteous throughout and always be patient and never force the issue.

2. It may take some time before you find someone to agree to your proposal so you shouldn’t become discouraged when you receive a negative response, because you are going to get them. When someone does refuse, if possible, ask why they couldn’t agree to the arrangement and when you find out why then you should consider revising your offer before approaching another possible partner.

3. Make sure you’re clear and concise about what you’re offering to your potential joint venture partner so they’ll understand exactly what they’re going to receive in exchange for access to their customer list. You have to remember they’re giving up a lot and understandably they will be hesitant to turn their clients over to a complete stranger without receiving something very special in return.

4. One final tip would be not to appear too anxious and risk the chance of being taken advantage of by giving up too much for the agreement to happen. You should always keep in mind why you want this arrangement and what you really need for it to take place.

You should never lose sight of your long term goals by sacrificing them for short term gain. Always approach these people with the confidence of a successful home business owner who knows what she wants but also respects the position of their potential partner.

If you follow these suggestions while remaining consistent and persistent you should find the joint venture partners you need to help promote your home business online.