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Home Business Ideas and Opportunities

Author Archive | Joseph

Starting a New Online Business Opportunity & Keeping It Real

There is a lot of excitement when you are shopping for online business opportunities. It is not unlike the rush that shoppers get when they buy things! However there is just an additional rush of adrenaline or something when we believe we are on our way to success. Sometimes we just want to keep repeating that sensation so we keep on joining more and more programs, signing up for more information, and buying more and more gadgets.

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To add to the excitement, there is the fact that we may have signed up for recurring payments and we don’t want to waste a single second because the clock is always ticking. So then on top of everything else, we get in a big rush. Unfortunately that recurring payment becomes our main focus. It shouldn’t. We need to understand where we are. We are investing in our own potential success. It’s just ‘the cost of doing business’.

There is a snarky remark with regard to this, and that is that if we are afraid to invest even a small amount of money in our own business, then what we actually need is another job, not to have a business. The same concept rings true for having to work without being paid when we are creating and developing our own business. If it is a deal breaker to you to get paid for every minute you spend working, then again, you need a job, not your own business.

So with that said, the focus should be on learning and getting your bearings by first doing your due diligence; then finding out what you have to do, and learning how to do it. Then we can get started to take action with everything we have going for us so far. Needless to say this is a very bad time to rush anything. Maybe even in retrospect if we did our planning, including budgeting, scheduling, taking stock, then maybe we could relax more after the deed has been done (the first membership payment).

Some of the most important information you need to get, digest and keep is with regard to the compensation plan and what is actually involved. What are the conditions where you can earn money? Do they have a refund policy? What is it exactly? It is a rude awakening and one that sometimes can be the death knell to a business idea if you suddenly learn the truth and it is nowhere near what you had imagined or misconstrued about what was being said in this regard.

This refers to the commissions you can earn. You need to also understand any protocols as far as your upline and downline and how they all work hand in hand. In other words for example are there ‘pass ups’? This is where your upline (sponsors) would get the commission for your sale – maybe the first one, maybe the third one, maybe both (and when you are upline you will do the same). It may be that there is a complex organizational structure you need to understand.

You really need to analyze this to clearly determine whether you can accept the terms. In most cases there are legitimate reasons why the company may have different rules and regulations. You should make every attempt to understand them and to also be real about all that you can expect to receive from the company. In most cases you will find that they are indeed justified and you are getting something that is definitely worth it. If you don’t agree then you should be free to change your mind at any point (no contracts); but keep in mind that if their policy is ’30-day refund’ that it is perfectly ethical for them to refuse to refund your money on day 31.

This is most apparent if you imagine that you are doing everything yourself from scratch. You will usually find that you would need to invest way, way more money into your business without the programs and the resources they are willing to share with you. Even if at the end of the day you decide for some reason not to do that particular program, what you have learned, whether positive or negative is part of your growth and experience. You shouldn’t begrudge them whatever small amount of money you may have paid.

Exploring The Possibility of Starting a Home Business

There are many things to consider in determining whether starting a home business is feasible for you. Some things may seem obvious, others not so much. The first thing to do is discover the right mindset.

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You want to keep an open mind – open to all possibilities, which is the opposite of being skeptical or negative. At the same time you need to be realistic though. Be sure to do your due diligence so that you don’t make the wrong decision that causes you to take the wrong action, such as taking a gamble with more than you can afford to lose.

Life does involve taking risks but you want to minimize the risk by being informed and not rushing or acting from your emotions rather than your logic. Not gambling with more than you can afford to lose of course is a wise decision. Taking a few small risks may be necessary to get anywhere in this life.

For example losing $10-20 to take a chance that you will find something you need would be unfortunate, but will not ruin you. On the other hand gambling with the month’s rent money would be disastrous if you lost it, so don’t even go there. Don’t speculate, imagining you will get your money back in time to pay the rent. What if you don’t? Then what?

So starting with yourself you need to determine what you want to do, and you need a few more details than ‘to make money from home’. Do you like marketing and/or sales? If you have never done it before would you like to learn how and accept that there will be work involved and it may be unpaid work until you get going?

If you are not crazy about marketing and sales that is understandable and so you should decide what it is that you could do to earn money from home. However you need to understand that whatever the business is, if you want to find customers and make money you will need to do a certain amount of marketing and advertising to generate sales whether you love it or hate it!

Ideally you could pay for some services in this regard but the truth is most people starting a home business are doing it because they don’t have enough money. Typically they start out with a small operating budget and as such need to learn how to do things for themselves.

Note that marketing and selling on the Internet is probably 150% less expensive than offline; (think in terms of saving for example on paper, printing, postage, phones, etc). Just as a home business is 250% less costly than paying rent in a storefront or office building; (all you need is some space and a computer with an Internet connection).

Almost everything you need to do to promote your business online can be done for free if you are willing and able to devote your time consistently. Exactly WHAT your business will be will determine how much it would cost you to do it.

For example you may want to sell some products like a ‘manufacturer’s representative’, selling products that are technically owned by others – an ‘independent consultant’; Or you may wish to create your own products – anything from software to arts & crafts gifts; or provide a service such as web design, ghostwriting, search engine optimization, customer service or technical support.

Now just because you don’t know exactly how to do something that seems attractive to you does NOT mean you can’t do it. It just means you will have to learn or you will need to partner up with somebody who can help you with that particular facet of developing your home business plan.

Earn Extra Money Online From Home in Your Spare Time

Be honest. You could use some extra money, right? With things being what they are these days, we are mostly just grateful to have an income at all sometimes. Knowing what can happen in a recession, etc., has been a wake-up call for lots of people. Even when you are doing an excellent job, even when you have been with a company for years, there is no real job security. Things can happen that are even beyond the control of your employer and sometimes they have no choice for whatever reason to ‘downsize’. This is the reason you should start now to earn extra money online from home: ‘Just in case’.

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In the meantime, life goes on. Things catch your eye or you remember how you always wanted to have something or to go somewhere, but you never can afford anything extra anymore. Most people are living paycheck-to-paycheck and again, they are just grateful to have a job at all. In this environment it is unlikely people will just switch jobs because they can make a little more money. So it can get almost depressing to realize how hard we work day in and day out and yet we can’t afford to really enjoy some of the ‘finer’ things in life!

You know what though? That is not really so true. You can definitely control the situation and make more money than your employer is able or willing to pay you. If you are really determined to ‘get ahead’ then why not consider how you might earn extra money from home in your spare time? What spare time? You will find it if you look for it. If you really want to make it happen you will somehow carve out some time and space to start looking at ways you can earn money online from home.

If you have a couple hours in the evening and/or on weekends you could start the research and planning on what you could set up that would be more or less on “autopilot” (eventually). It’s “more or less” because it does take time to set it up and get it to run smoothly — and even then you have to remain somewhat engaged to keep on top of things. There is no ‘asleep at the wheel’ when it comes to earning income anywhere. You have to really focus even if it is just for those few hours.

One of the easiest online businesses to get started in (the least work, least expense and least experience required) would be affiliate marketing. This is because for a small monthly fee you get so much from an affiliate program. They are not all created equal but for the most part you should find one that includes resources as well as some level of training that would give you the necessary information for marketing and advertising (promoting) your business. They all usually provide graphics (images) and web pages for you to use, handle support for your customer’s questions, and process the actual sales transactions that you can earn commissions from.

Home Business Ideas and Opportunities

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