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Be a Home-based Entrepreneur

Filed Under (Make Money, Network Marketing, business, home based, make money online, own business, surplus Income) by kksiong on 18-10-2008

“I am now doing some kind of Internet Marketing business on the web” or “It is a good time to have a home-based business of your own”

How many times have you heard that phrase, pitch, advertisement, or whatever? Lots, I’m sure. It is so common today because marketers know that staying home and making money is the fondest dream of millions of people around the globe.

And why not? Did you know that the majority of fatal heart attacks happen at 9 a.m. Monday morning? It’s true. It seems a lot of people would rather die than get back to the old grind after a weekend of freedom.

So when someone offers an opportunity or plan for you to take your job and shove it, yet still make enough money to live and pay all your bills, it sounds blissfully irresistible isn’t it ?

Of course, bliss and reality are always two different things. Is it really possible to run a business from your own home that is more than a hobby or source of part-time income? Can you get rich working out of your own home? Can you really trade your cubical and necktie for blue jeans and the comfort of your own den?

Well, for your information, home-based businesses are one of the fastest growing kinds of enterprises in the World today. As this is being written, some 100s of millions people are doing at least some form of work out of their homes, and the numbers are rising rapidly.

The overwhelming majority of home workers, however, are not exactly getting rich. The average work-at-home American earns less than $15,000 per year. That may not be bad as a supplement to a spouse’s full-time income, but let’s face it, fifteen grand in itself is much better than poverty.

As master marketer and author Dr. Jeffrey Lant said: “Frankly, I never saw any benefit to staying home and being poor.”

Lant, without so much as a business card, became a work-at-home millionaire, and is a perfect example of what truly can be achieved if you are serious about chucking your day job, staying home, and not settling for peanuts in exchange for your freedom. You can have it all — you can stay home and make as much — and more — money than your current job provides you.

In this report, we are going to outline and discuss five key rules on how to work at home and make that extra money, no matter where you live. After these five rules, we’ll talk about the most important aspect of any business, whether it is home-based or a giant factory — cash flow matter. Starting your own business out of your home is all about attitude and inspiration, but all the attitude in the world won’t help you without money!
1. It Takes Commitment

Is it any secret that most people detest their jobs? Study after study proves that most people simply dread going back to work on Monday morning, and they live for the freedom of the weekend only. But even that freedom is not pure because we know that it is only temporary. It’s hard to enjoy a Sunday evening when the Monday morning alarm clock is just a few hours away.

It makes sense that people hate their jobs. Everyday, there is a lot of butt kissing that needs to be done. There are endless meetings which usually accomplish nothing. There are pointless interruptions, a lot of drifting this way and that, and lot of idiot supervisors or managers who do nothing but waste your time and then dog you for not accomplishing your share of work. There are co-workers you hate, and there are those that would stab you in the back in a minute if it meant a raise for them instead of you.

When you work for someone else, you live a regimented life. You forced yourself out of bed at 6.30 a.m. knowing that your work starts at 9 a.m.You get stuck in traffic jams if you drive or squeeze yourself into the sardine-packed train or bus. You get those cold stare even when you are late for 10 minutes.

However, people who choose to work at home are doing more than just escaping the yoke of their master; they have made a deep, firm, life-altering decision which says that health, happiness and prosperity depend vitally on the freedom to work for ourselves, and in doing so in the comfort of the home.

We want to really emphasize that fact that to be successful in a work-at-home situation, you have to be nothing less than a fanatic; a zealot, who is utterly committed to making work-at-home not only a successful venture, but a profound commitment for life. You must be convinced that a return to an outside office job would be the equivalent of
a spiritual death sentence.

Many people hate their office jobs, but they have made an inner compromise with themselves. They have convinced themselves that their job is “not so bad,” pays the bills, and that they can stick out because they have to.

If you want to be truly successful at quitting your day job, there cannot be any room for such compromises in your soul. You have to take the attitude that to work any longer at your hateful job is akin to fouling your inner being with a spiritual cancer the will sicken and kill you.

2. Eliminating the Home-Office Mentality

To move our work home, however, does not mean we eliminate every single thing about the traditional office. Rather, we should identify what is useful and what is not.

It’s a mistake to quit your job and go home with a “home-office” mentality. By this we mean thinking small, and believing that you will automatically sacrifice a decent income in exchange for your freedom. Please! Do not think small!

To quote Jeffrey Lant again: “Too many home-based practitioners fail to understand the benefits that accrue because of the professional style they have selected. They focus on the “home” part of the business rather than the “business” portion, and as a result are doomed to small incomes.” Working at home provides many benefits. We can save a lot of time because we don’t need to commute and we have more control over our schedule. We can save a lot of costs because we don’t have the overhead requirements of larger businesses. We can cut our stress — and so have more energy — because we avoid many of the characteristic problems of life in the late 20th-Century office. We must work these advantages to our profit.

3. Your own International Headquarter

The German philosopher Immanuel Kant said that if you sit at home alone at your empty kitchen table, eventually, the “whole world will come to you.”

Well, today you don’t need the great mind of a philosopher to make the entire world come into your living room. What you need is a phone jack.

We live in a unique time in history. Satellites, fiber optics, the integrated circuit and other communications miracles means that you can be just about anywhere in the developed world and establish communication with anyone.

The telephone, the fax machine, the computer, the modem — all of these are not only affordable by any middle-class citizen; they are the key to eliminating your need to drive a hectic freeway everyday to get to a place of business outside your home.

With these devices at our disposal, we should allow ourselves to “think globally.” Too often, home-based businesses focus on the narrowest market, the neighborhood, the county, the city or state. This is fine if you are providing a local service and are content with a certain moderate level of income. But if you want the big bucks, you should not think small. Also, you should not believe that, just because you are home-based, you cannot compete with the big guys.

The purpose of any business is to seek assess and seek out every possible market for its products and services, to ascertain whether these markets have the ability to buy these products/services, to determine whether there is sufficient profit in these markets to warrant approaching them, and, once positive assessment has been made, to launch a sustained marketing campaign that gets a significant percentage of this market to purchase the product or service in question.

Your home telecommunications machines will not only enable you to do this, but they can also help you overwhelm larger, more cumbersome traditional businesses that are your competition.

As a home-based entrepreneur, you will not have all of the disadvantages of your more traditional competitors: no office rent, equipment or expense; no employees to pay salaries and fringe benefits for; no time wasted on meetings, employee problems, paid sick leave, etc.

All the money your competitors spend on heating the office and buying furniture could better be spent on the actual marketing itself.

As a home-based business, you will be already positioned where the traditional business is currently struggling to move: toward the lowest possible overhead and the greatest possible concentration of dollars on products/service development and product/service marketing.

So, a home-based business takes full advantage of three major goals of modern business success:

(1) Vastly reduced overhead
(2) Easy access to a global market
(3) Full advantage of telecommunications.

To not have the basic telecommunications toys — computer, modem, fax, and telephones is impossibly stupid. Still, even in this day and age, many of people strongly resist the one element that is undoubtedly the heart and brain of any successful home business — the computer. The computer is so important in fact, we have made it a category all itself.

And remember, learning to use a modern computer is easier than learning to drive a car, so you have no excuse not to plunge forward.

4. The tool — Your Computer

You should pay close attention to what computers can do for you in your plans to escape your job and make your work-at-home dreams come true.

People who want to run a home business usually have a very small staff - in fact, a staff of one — yourself! The rest of your needs are handled by independent contractors, depending on the kind of business you are in and the services you need.

To run a serious, truly global home business, a computer is as necessary as oxygen is to life on earth. Those who try to fool themselves into thinking they will ever make a serious go of their home-based business without a computer are sadly mistaken.

Computers give you two primary advantages:

(1) They enable you to store large amounts of data and to sort by data field so that you can easily get the information you need.

(2) They enable you to develop a pattern document for every situation you’ll ever be in your business. To run a home-based business successfully, you must anticipate just what situation will emerge and prepare accordingly.

A business is based on a characteristic series of situations and a characteristic set of things that happen — or that do not happen. You must be prepared with the proper document for each situation. Once you have established all the protocols, and have experienced all the situations associated with your kind of business, the time will come when running your business is, in large part, a repetition of certain key tasks. Computers are all about handling repetition swiftly and efficiently.

But the computer is much more. Today, by connecting a computer to the phone line with a modem, your machine becomes more than a data storage system and repetitive task handler. It becomes a multi-task, multi-level communications processing center that connects you to the globe.

Such things as e-mail, on-line services, the Internet, the Web and more can’t help but revolutionize the way business is done. If you do not become a part of it today, you certainly are going to suffer for it greatly in the near future.

If there is an effective way to market products on the Internet or any other on-line venue, no one has truly discovered it yet. The only people making money on Internet marketing are the people who are selling the concept of doing it. If you have a product or a service and expect to reach millions of buyers through computer screens, you are sadly mistaken.

The Internet is definitely where a lot of innovative things are happening. It’s a great place to exchange ideas, find out what hot, what’s not, and stay on the cutting edge whatever your particular business is.

5. Your Business Hours

If you’ve been paying attention to the first four points, you’re well on your way to becoming a successful home-based business owner. Now we don’t want you to blow it by thinking you can keep banker’s hours.

The global market is a 24-hour per day market, and a 365-day per year market. Let the others sleep late on Saturdays and take Sundays off. Those times could be your day to move and corner loads of customers that the others miss.

You should get up earlier and quit work later. You should be open for business on holidays and be available 24-hours a day either personally or through your answering service.

“But wait a minute!” you might be thinking at this point! “I thought that working at home was all about freedom and an end to drudgery. This sounds like nothing but endless work!”

Well, here’s the thing. For most of you who quit your regular jobs to go to work for yourself, you’ll discover something magical. You’ll discover that when you are working for yourself, when you are building your own business, a lot of what you does not seem like work at all.

The great writer Jane Roberts said, “Inspiration is its own motivator.”

Running your own business is all about being inspired 24-hours-a-day. When you stop selling your body and soul to some company or corporation and start giving your energy to yourself, work has a way of turning into inspiration and play.

The perfect work for you is that which you don’t think of as work, yet doing it makes money and provides you with the bread and shelter of life. You’ll see what it’s like if you make a true commitment to being self employed, put all your energy into it, and stick with it for the long run.

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Income Opportunities from the Internet

Filed Under (Make Money, Network Marketing, Passive Income, Residual Income, business, ebook, home based, internet marketing, make money online, own business, surplus Income) by kksiong on 14-10-2008

With the uncertainties of the future and the possibilities of losing their income during the past weeks, more and more people are scanning the Internet to hunt for opportunities to generate surplus income for themselves. The article below briefly describe what kind of opportunity you can find in the web today.

What can the new forms of income opportunities from the internet promise entrepreneurs? More and more traditional entrepreneurs are now looking into the various income opportunities online. The online business community is gaining popularity all over the world because of the passive or residual income it promises.

Working 8 to 12 hours everyday, 7 days a week can be very tiring and boring for many professionals and they are no longer satisfied with their salaries. With the new online business opportunities, you can earn some income and over a period it can become residual too. What is residual income?  Well, basically it is the income generated by online businesspersons continuously without re-doing what has already been prepared during the initial phase.

Thanks to the internet’s power, the income opportunities are now enhanced. How can you start
earning residual income? Firstly, you have to know as much information as possible about these businesses. Gather information about affiliate marketing, internet marketing, network marketing, MLM, and many others.
Once you’re familiar with these things, you can now choose which path to take. Always keep in mind that you should engage in something that you’re passionate about because that’s the only way to succeed in an online business. You can choose to be involved in hosting companies, auto responder services, private clubs, membership sites, etc,; or you can simply create your own business by offering software programs, eBooks, email newsletters, and any other service/product that can be subscribed.

Network marketing is also very popular these days. Through this type of business, you will simply have to recruit and sell, most often through emails. This is a great opportunity and you don’t have to meet your downlines or customers because they can come from different parts of the world. You will only communicate with them online. However, you should be aware that there are also scams or illegal businesses on the internet. By doing an in-depth study, you can stay away from scammers and do your business with only the reputable and experienced ones. When the business is experiencing success, you will soon notice that residual income will start to roll in. You might also be interested to know the “7 Great Lies of Network Marketing” by Ann Sieg.

You can also try affiliate programs to earn extra income which can eventually become a passive or residual income. In this particular business opportunity, you don’t have to create your own product or service because the affiliate company will provide it to you. You will simply have to market their products/services through a link on your own website and you will receive commissions for it when the visitors you referred to purchase the product. The harder you work, the more income you can expect. You must know terms such as SEO and KEYWORD SEARCH so that you can effectively promote your affiliate site. Keep the site updated at all times to avoid losing the customers.

Internet business opportunities let you earn money in a smart way. You have to be resourceful and remain positive at all times. You must know the various principles to follow in order to earn this income. If you can understand them well, you will be able to implement them with great success. The future promises more online business opportunities therefore you just need to search for them in the web.

New forms of income from the internet can help you earn the income that you deserve. If you don’t have a job right now, why don’t you consider getting involved in an online home based business? It doesn’t require huge capital to start one. All you need to do is to use the internet and train yourself to develop a new skill in order to generate some surplus income.

“Restlessness and discontent are the first necessities of progress” - Anonymous

 

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Business Women in 21st Century

Filed Under (Make Money, Manage your finances, Network Marketing, Residual Income, Writing your Blog, business, home based, internet marketing, make money online, own business, part-time, surplus Income) by kksiong on 07-10-2008

When the first generation of women entered the workforce in earnest in the 1970s, they succeeded in the only way they could – by imitating men.  Authoritarian leadership and tight control was the hallmark of that day’s businessman, and women were not exactly welcomed into the ranks of management.  Well ladies, that was yesterday, and today is today!

 

Forget what your mama or your boss told you, because following the rules can be bad for your career.  Today’s CEO/entrepreneur can no longer tap his/her company’s full potential using a “command-and-control” style.  The 21st century business woman needs to be able to build a vision based on the awareness of economic transformation, then help her partners and staff fulfill that vision.  She must draw on a wide range of skills to get to the top and stay there.  Following are 7 Key Characteristics that are essential:

 

1. Sell the Vision: A leader with a fresh, independent plan for her company’s growth and future has a distinct advantage in luring and keeping great talent and investors.  Vision is not some lofty ideal, but an obtainable concept that is easy to understand and will make the company grow to another level.

 

2. Reinvent the Rules:  While women have traditionally been socialized to please others, the 21st century leader knows that good girls rarely post great returns. The strong managers/owners today not only anticipate change, they create entirely new organizations that respond to shifts and search for innovation.

 

3. Achieve With A Laser Focus:  Go where others fear to tread! Being aggressive and ambitious has long been considered male traits, but they are key qualities for new leaders.  Today’s business woman has the ability to home in on opportunities that others may simply not see, and then excel in that uncharted territory.

 

4. Use High-Touch in a High-Tech Era:  When a number of leaders are conducting business by e-mail, voice mail, passwords, and PINs, the female entrepreneur succeeds because she guides with a strong, personal, bed-side manner. Today’s business woman is just as technologically savvy as her peers, but her skill with staff and customers is “high-touch” which gives her a critical edge and separation from the “pack”.

 

5. Challenge or Opportunity? – Women are great at turning a challenge into an opportunity instead of using the “slash-and-burn” approach.  They are able to make bold strokes, but they also win the cooperation of others in the organization in making any transformation a success.

 

6. A Customer Preference Obsession:  In this information age which makes it easier to shop around for the best “whatever”, businesses must work harder to give people what they want before their competitors do.  There is no substitute for spending time with clients to become expert at their businesses and learn their demands.  Female leaders are almost intuitively adept in doing just that, and without the client even suspecting.

 

7. Courage Under Fire:  Show me any career woman or female entrepreneur today that isn’t able to “stand-the-heat” in any tough-call situation.  Their decision-making skills are rooted in a high level of confidence, because they’ve had to weather and surpass any and all “corporate” storms they’ve encountered over time.

 

It takes a certain mind-set and bravado for anyone to start their own business and succeed, but it’s even more difficult for a female entrepreneur.  Let’s face it, ladies!  You’ve always had to be twice-as-smart and twice-as-confident as any male counterpart in the corporate world.  After all, if you can bear and raise the future generation, how can running a successful business scare you ?

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