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Business Owner

Easy Home Business Ideas – How to Avoid Top 3 Pitfalls When Doing Business From Home

I have to tell you the truth. There is a ton of information out there about making money from home. Jean de La Fontaine, a famous French poet once said, “All roads lead to Rome”. There is a certain truth to that, I’ll tell you. You can earn money just by working from home through many ways. However, in this case, why don’t we just pick one road and stick with that road until we get the result we so desire?
Tell me, are you aware of the following statistics? According to a survey conducted by Nielsen Online, 1.29 billion people buy products through the internet nowadays. In 2009, there is an estimated of 131.9 billion dollars of sales happened from the internet. Bottom line, internet is growing, and the potential market is limitless. The whole world population is your potential customers.
Now you can earn from the internet by means of several ways. Still, if you are a total newbie, I will say that affiliate marketing is the best way after all. Do you know that you can potentially earn additional $500-$1000 per month just by doing a single affiliate marketing campaign alone? It is really an easy home business idea, something that everyone can do right away. Nevertheless, not everyone can succeed.
One guaranteed method to succeed is, in my opinion, by copying a successful, respected, well-known mentor and follow what he or she did exactly. Choose a solid mentoring or training program and follow everything your mentor did. You can never go wrong with that. Now, the top three pitfalls that most people fall into when choosing their program and start doing business from home for the very first time are:
• Scams /Get Rich Quick Schemes – There are many fraudsters out there who want nothing more than to leech off your hard-earned money. I often saw ads that say, “Earn $2000-$3000 just by typing from home”. This kind of ad is improbable and unrealistic, which is most likely one of internet marketing scams.
How to avoid: Remember, earning money is never as easy as it sounds. If it is too good to be true, it probably is. Thomas Alva Edison said, “Success is 1% inspiration and 99% perspiration”. Work hard, work smart, never give up, and earn your success. You can’t get rich overnight. Be on the lookout for this quick get rich money scheme, and steer clear out of it if you see one.
• Rip-Offs – Over-priced mentoring program or maybe a whole bundle of free e-books or programs and then sold at an exorbitant price. Why would you pay for some program or e-books when you can get them free somewhere else, legally?
How to avoid: Perform your due diligence and search for any information regarding the product or program you are about to buy. Don’t just fall for the hype. One place where you can get invaluable information, at no cost, about internet marketing products review is IM Report Card
• Inconsistency – You bought a good, solid program. The next day, you come across an appealing program while you are scouring the web. Unable to resist the offer, you buy the program. It keeps happening weeks and weeks after. Next thing you know, you are left with thousands of dollars on your credit card bill, and zero in your bank account. Too much information and no action whatsoever will prove to be harmful to you.
How to avoid: Stick to one particular method or program until you make money. Model a successful mentor. Check his or her credentials. Why should he or she be the one who shall teach you to earn money from the internet? Once you settle on his or her program, do precisely what your mentor did. Copy it. Adapt and improve if you need to, but stick to one plan and focus all your efforts on that plan until you succeed.

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Online Business

Problems Faced When Looking For Investors For Your Business Idea

Venture capital firms, business angels and investors are people who make money out of investing in upcoming or established businesses in exchange for a share of the company. Finding a good investor to back your business idea can be a great help, specially if you still control most of your business, but it’s also considerably more difficult than finding a small business bank loan and other types of finance. Investors have very clear ideas about what they expect of their investment, and you will need to be able to prove that your business idea has a high likelihood of being very profitable. If you are getting ready to raise money for your business, the following are some of the most frequent problems you may face:
Being unprepared
This is often the worst problem a new entrepreneur may find when trying to sell his business idea to investors. You may know your product and have a strong feeling that it’s going to work, but you’ll need numbers to back your intuition to prove it to any investor. Investors are often entrepreneurs themselves, and know how to recognize a great business idea and a suitable person to make a profit out of that idea. They won’t put money on a business if the management (that’s you) doesn’t seem prepared or doesn’t know the target market intimately. A solid business plan and the ability to sell that business plan to another businessman are the key requirements to get your idea considered. Make sure you can answer uncomfortable questions, such as quoting data about your competition and showing an understanding of your audience and why your product is perfect for them.
Asking for too much, or offering too little
Investors often want a quick return on their investment, so if you are asking for a lot of money to launch your idea and you don’t expect to be profitable for a long time you should expect a hard negotiation ahead. You may be offered less money than you were after, or asked for a larger percentage of your business in exchange for it. Asking for a A�20.000 investment in exchange for a 5% of a company that isn’t going to make any money the first year is just not going to work, no matter how good your idea is. An investor will think of ROI, and that means they want to own enough of your company to make a profit on your investment. Be prepared to negotiate, and remember that even if your business idea is great, the investor is also incurring a risk by trusting you and is understandable to want something in exchange for that.
Attitude, business management skills and dress codes
If the investor thinks that you are not really a good business person they may hesitate to provide you with their financial backing, no matter how good your idea is. If you come across as a great engineer but cannot show that you are also great at managing and sales you may be harming your chances of receiving funding, or you may find out that your investor actually wants to take an active part on your business instead of just letting you manage everything. Consider your meeting with the investors as a job interview, and as such aim to give an impression of security, professionalism and good business manners.
This often means wearing professional attire (yes, a suit, even if your business is an innovative ecological farm for casual artists) and being able to talk about your product in business terms, not only about its features or why it’s so great. If the investors see you as too young, too casual or too crazy they won’t invest because you’ll be seen as risky. If you can also show your experience as an entrepreneur without lying or being too obvious you may greatly increase your chances of success.

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Business Insider

Top 10 Small Business Ideas for 2012

Starting a small business takes a lot of planning and the ability to execute your business plans. Though it doesn’t require a big capital for a small business however you cannot lose your capital as this will cause a serious trouble on the financial front at the same time your future expansion plans. If you have knowledge about how to run a business successfully, you won’t be able to take a wrong move that can affect your business plans. Before we go on further to the small business ideas, refer to the tips for running a small business.
• Can it sustain your everyday expenses and can it profit you.
• Can it raise enough funds to get it running for a long time and can become a profitable venture.
• Is it something that is needed everyday and does it has an appeal to sell on a steady basis?
• Is it something that you know how to do and can you do it well?
• Is it something that you like to do and doesn’t mind you at all doing it over and over again?
Now that we know our objective in putting up a small business let’s go forward and see what are the best idea for small business this 2012.
1. Online business – this may include article writing/blogging, virtual assistant, translator, copy writer or bookkeeper, data entry, etc. This is one of the ideal business ideas for beginners would be to take advantage of various online business opportunities. By doing online data entry and online paid survey jobs, you can earn money per hour for your work. The more accuracy and consistency you show in your job, the more work you will get.
2. Mobile apps development – almost all people nowadays possesses a mobile phone and included on the mobile phone is application that people always uses. Calendars, Alarm Clocks, notepads are some example of applications that are commonly downloaded. Whether this is a businessman, a politician, an artist or just an ordinary person has a lot or even tons of mobile application.
3. Make-up artist or hair salons – Providing either makeup artist services or hair salons is yet another interesting small business idea. Makeup artists are in great demand in the fashion and entertainment industry. If you have the required makeup skills and talent, you can start your own company and do the makeup of television and movie stars. By providing good service, you can get long-term contracts which will increase your revenues greatly. The great thing about hair salons is that they are a sure thing. No matter how dismal the economic climate, women will still scrape together the money to get their hair done, even if they have to let their nails go. So hair salons with talented stylists and well-priced services will still be real money makers.
4. Cleaning services (pool, yard, garage etc.) – A cleaning service is a good business proposition for a person who relishes the idea of cleaning apartments, homes and commercial establishments. Housekeeping is an art and people are typically deterred by the prospect of getting grease, tough stains and odors out of carpets, keeping their bathroom clean and eliminating odors from their refrigerator. Hence, a cleaning service can be a steady source of income assuming that there are no immediate competitors. Otherwise, one would have to spend money on advertising and this may eat into one’s profits. Cleaning services can operate round the clock since residential apartments are generally cleaned during the day while commercial buildings are cleaned after office-hours. Considering that cleaning services earn popularity and goodwill through word of mouth, a job that is well done will rarely go unnoticed.
5. Elder assistant or baby sitting – being a babysitter doesn’t require you to have a license, with more parents needing to work and offering a home based child care can be a great way of starting your own business while taking care of your own kids too. The growing numbers of senior baby boomers also provide growing business opportunities for senior care. In-home care and senior residences are the obvious ones, but don’t forget all the related opportunities such as driving, delivery, catering and cleaning services for seniors who want to stay in their homes. You can certainly develop your own business providing care for seniors.
6. Recycler – the best thing of being a recycler is that you’re not just earning your own money and you’re also helping the environment. Average homeowner doesn’t always know where or how to recycle the stuff they’ve got. A pickup truck are all you’d need to start buying or simply offering to remove scrap metal, old computers, electronics, ink cartridges and other recyclable materials.
7. Event management/party planner – Event management or party planning can also be a good option for a small business. Event planners have to organize a particular event by taking into consideration the suggestions given by their clients. This job requires creativity, patience and ability to get work done from people on time. It can help you be a successful event planner if have a good team of creative professional that can help you organize the event under you.
8. Online selling – whether this is a pre-loved or brand-new stuff you can still earn big bucks. This is being popularized by e-bay. There are still some people who have a whole lot of money and are willing to spend it on the name products that matter. Luxury handbags, scarves, and shoes for women are still selling well, for instance.
9. Social media consultants – With the ever rising of the social media era and the giant social networking sites, such as Facebook, Twitter, and You tube, businesses have been taking advantage of this to gain more exposure for their brands and products. With more than 800 million active users in Facebook alone, business promotion in this top social networking site is now a priority for business owners and marketers. If you have the social media marketing skills that can outsource likes and follows for your client’s business, then this business can help you earn cold cash on the Internet.
10. Pet related services such as pet sitter, pet cleaning and grooming services – Most Canadians and Americans loves pet especially dogs and feeding, caring for them and pampering their pooches a spending priority. Kennels, doggie daycare, dog treat bakeries and dog resorts are few of the things that you may want to venture in.
These are not necessarily ideas for businesses that anyone can start however you can get some idea on the list above. But in my opinion, these are business opportunities that are going to provide real chances to make money in 2012 and beyond. Business that is done right, in the right place and for the right people may be profitable enterprises for years to come. If you’ve been considering a sale in 2012, take your time and do it right. Plan ahead, research your market and stand out from the competition. Knowing the sales process is half the battle. With proper preparation, you can ensure a stress free transition and a financially successful exit from your business.

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Google My Business

Work From Home Ideas

With rising gas prices, the cost of commuting has surged. If you live in the city, having to deal with rush hour traffic about twenty times a month is not only stressful, but costly. Taking the bus might be an option you are considering, but buses aren’t always on time and you may not want to deal with some of the people on the bus. The best option you can consider is starting your own home business. Here are five work from home ideas that are guaranteed to assist you with a home business:
1. Offer a Service Online: You can offer many different services online, such as editing papers, reviewing legal documents, providing graphic designs, and creating architectural blueprints. Make a list of your talents, interests, and qualifications. Then, determine a way can you use them to offer a service online.
2. Sell Products Online: If the idea of opening a retail store appeals to you, but you prefer to work from the comfort of your home, this is the work from home idea for you. Determine the product you want to sell, then find a reliable company to purchase inventory from. Even if you want to hand-craft products, such as jewelry, you will need to obtain the materials first. Once you have found a reliable, cost-efficient company to purchase inventory from, set up a website to market your product. Make sure your website contains no errors, is professional, and is easy to navigate; otherwise, visitors won’t stay long. Use social networking sites, such as Facebook and Twitter, to your advantage. The more hits your site gets, the more products you will sell, which means more money in your pocket.
3. Become an eBook Publisher: Writing eBooks from home can be a great way to earn money, because eBooks are easily transferred over the Internet without the hassle of having to ship the product. If writing isn’t your forte or you don’t want to write, you can hire a ghostwriter.
4. Open a Theme-Based-Content Website: For this work from home idea, you build a website on any topic that interests you and that you’re educated about. Once your website is user-friendly and error-free, use Internet marketing techniques to build traffic. After the traffic is sufficient, enroll in the Google AdSense program that allows website owners to display advertisements on their sites. When visitors click on the ads, you make money.
5. Market Affiliate Products and Services: Marketing affiliate products and services is similar to being a salesperson paid on a commission basis. You market a company’s products and services through affiliate links on the Internet. When your marketing develops a sale, you are paid part of the money. This is nice because you don’t have to do the selling yourself, and you don’t have to deal with the customer.
Whether you want to offer your services online, sell unique products on the Internet, become an eBook publisher, open a theme-based-content website, or market affiliate products and services, three things are crucial for the success of any type of home business. Research the method you choose, so that you can make more money than the person who didn’t do their research. Take advantage of social networking, so that you can increase the number of potential customers. Lastly, do something you’re passionate about, so that your enjoyment increases the quality of your work. People are at their best, when they enjoy not only the work environment, but the content of the work.

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Business Ideas If You Are Still in School

There are college students who take part time jobs in order to earn extra income. Usually they serve at fast food chains and other. The good news is college student can actually start a small business without really having to spend capital or investing time. This could mean that the student can still have time to study while earning decent income. If you are not familiar with operating a business then you start reading and this could serve as your training if you want to venture into something big after graduation.
Tutorial Service – If you patience then you can earn money from this. You can consider teaching elementary or high school subjects. The good thing is that it won’t require capital. All you need to do is post advertisements around the neighborhood.
Selling items – There are items that you can sell in exchange for cash. This includes craft works like paintings. You can find a wholesaler and you can sell them at fairs or gathering during your free time.
Note taking for other people – Admittedly there are people who hate the task of taking down notes. You can capitalize on this by offering your service.
Doing some yard work – Your university is surrounded by small neighborhoods with yards. You can offer weeding, mowing and a bit of gardening. Before you venture into this, read first books on gardening.
Work as freelancing – Activities could range from writing, photography and designing. It is somewhat creative however there it is quite unstable. You will not get paid if the employer doesn’t like your work.
Laundry work – There people who don’t like to do their laundry. This is a business idea that you can do as a lot of people think the washing clothes is tedious. You can invest on a good washing machine.
Performing – if you know how to play piano or guitar, you can earn by performing in parties.
There are other ideas aside from things mentioned above. Find the one that can suit your time and skills.