Home Based Business - Without All The Headaches of Traditional Business

Home Based Business - Without All The Headaches of Traditional Business

Why Home Based Business ?

There is a very simple way of attaining this goal that has worked well for millions of people. You can have your very own business in your home, and you can cross off all or most of the steps listed above. The best part of exploring home-based business opportunities is that there is little risk and the upside is tremendous.

Many of the inconveniences and pressures of the traditional business are wiped away with the home business. The biggest roadblock to starting or buying a business is that they require a considerable up-front cash investment.

In addition to the large investment, the time commitment you must make when starting a business can ultimately turn out to be far greater than what you have experienced in any job, and the return is not necessarily worth the extra time or the financial risk.

Home Business is the opportunity that is truly shaping your life and allowing you the freedom to live out your dreams without all of the headaches and costs of traditional business.

You may go to "Home Based Business" in my blog to learn more ...

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

What Does It Take To Start Your Own Business ?

What Does It Take To Start Your Own Business ?

How many times have you, or someone you know, said something like "I've always wanted to have a business of my own. Something I'd really enjoy doing. Be my own boss."

Lots of people have the dream, but they get bogged down in the details of how to go about it. While this article isn't meant to serve as a complete business start-up guide, but it will give you an idea of some of the steps involved in starting your own business.

1. ) Hire Professionals

The most important professionals you'll need at the beginning are a lawyer and an accountant. The lawyer can help you decide if you want to be a corporation, partnership, sole proprietorship, or some other type of company.

A good accountant can help you make this decision based on which will be most advantageous to you from a tax angle. A lawyer can also help you register your business and get any licenses and permits you will need, and can advise you about patenting your idea or protecting your intellectual property by requiring everyone you discuss your business with to sign non-disclosure or confidentiality agreements.

2. ) Make a Business Plan

You may need to hire a writer or other business professional to help you write a business plan. You'll need one to help yourself get organized as to what your business's main purpose or goal will be. This could be anything from serving hot dogs to people outside the home improvement store to providing technology support to major players in the business world.

Either way, you need a plan that sketches out how you will proceed toward your goal and an estimate of how much money you'll need to get there. What will your equipment costs be ? Will you be hiring employees ? How about renting office space ? All of these cost estimates should be included in your Business Plan.

3. ) Get Financing

How much start-up money will you need ? Do you have savings you can use ? Friends or business associates who might want to invest in your venture ? Or do you need a bank loan ?

Whatever the situation, you'll need to present a copy of your business plan to bankers or investors if you need to borrow money to get your company rolling.

4. ) Set Up Your Record-keeping System

A good accountant can advise you on the best record-keeping software for your business, and help you set up a system for keeping track of payables, receivables, sales tax, payroll, employee benefits plans, and so forth. You will be relying on the accountant for at least your yearly tax return for your business, and possibly for quarterly payroll and sales tax returns. Your accountant can also get you an EIN number ( Employer Identification Number ).

5. ) Find a Location

Depending on your business, location may be very important. If you need to be visible to the public ( say your business is a bookstore or restaurant ), then you'll have to think long and hard about where you should set up shop.

Location can make you or break you-and the rent is due no matter which way your fortune turns. You will also need to get a phone, get the utilities turned on, install your furniture and equipment, and get a sign or two that shouts "Hey look ! We're here !"

6. ) Set Up Accounts with Credit Card Companies

Every brick-and-mortar business these days takes plastic or they don't stay in business. You'll pay a small percentage for every credit or debit card transaction a customer makes. You will need to invest in a method for checking the validity of debit and credit cards-like those "Slide Card Here" machines at cash registers everywhere.

7. ) Hire Employees

You may not need to do this step if you're a one-person operation. Maybe you can get by with just one part-time person to answer phones and do some of the paperwork.

Of course, it depends on your business. You can probably run a small bookstore by yourself, but even a tiny restaurant means you'll need a cook, several servers, someone at the cashier, and so forth. You'll need to have them complete various forms for the IRS, and you may want to run background checks or at least check some references before you hire anyone.

8. ) Promote Your Business

Decide how you will let people know you exist, what you can do for them, and why they should come to you instead of someone else. Common forms of advertising are TV and radio commercials, newspaper ads, flyers, and coupons that appear in booklets distributed by local companies.

The list above might make you think twice about starting a business of your own. Perhaps you aren't looking to make such a financial commitment regarding the hiring of professionals, finding a location ... And it's also a big, big risk.

But let's look back at the way this article began : "I've always wanted to have a business of my own. Something I'd really enjoy doing. Be my own boss."

Than, what should you do ?

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Internet Network Marketing vs Traditional Network Marketing

Internet Network Marketing vs Traditional Network Marketing

To this day, the traditional way of prospecting in the Network Marketing business is still perceived to be a challenge by many network marketers. Why ? Because this prospecting method is perceived to be intrusive by your prospects and yourself, as the network marketer. That’s part of the reason why 97% of Network Marketers fail.

Finding and making a list of “warm” prospects consisting of your friends, relatives, acquaintances, and those friendly looking people in the grocery store check out line is how Network Marketers are taught to market their business, traditionally. I believe that the reluctance in approaching strangers in public places to join your business is valid when you perceive marketing your business traditionally as intrusive. Often people got discouraged with this approach, and stopped pursuing their dreams of achieving the financal freedom through the network marketing business altogether.

With the advent of the Internet, more and more network marketers are moving away from the traditional way of prospecting. This phenomenon is called the Internet Network Marketing. Several years ago most people who got introduced to network marketing were introduced by a friend or relative. Through the Internet you can now market your products and/or your Network Marketing business to so many people from around the world without having to travel or to “bother” your friends, family, and acquaintances.

As a Network Marketer, you can now bring to your prospects articles, audio, and video that are related to your business right away, no matter where you are located in this world.

In addition to being able to market your products and/or Network Marketing business to so many people around the world is NOT the only reason why I think Internet Network Marketing is far more superior than the Traditional Network Marketing. There are other reasons for this. I would like to present those reasons by comparing the Internet Network Marketing with the Traditional Network Marketing.

A. ) INTERNET NETWORK MARKETING ENABLES YOU TO GENERATE YOUR OWN LEADS IN AUTOMATIC MODE

Traditional Network Marketing :

One common way to generate lead is to speak to your friends, family, relatives or anyone you know personally. This is a very tedious process that has to be manually done. You have to approach your prospects one by one and manually write down their contact information in a small notepad. That is if your prospect is willing to give you his/her information.

Internet Network Marketing :

You can approach ( or BE APPROACHED ) by 100s, if not 1000s of prospects online, 24/7, provided that you have built your website infrastructure correctly ( i.e. set up valuable content attract traffic and set up traffic generation and retention campaign ). The world wide web never sleeps !

B. ) INTERNET NETWORK MARKETING IS MORE ECONOMICAL THAN THE TRADITIONAL NETWORK MARKETING

Traditional Network Marketing :

With the traditional network marketing, there are several marketing costs that need to incur. They can be really expensive, especially if used towards marketing your businesses to non targeted prospects ( i.e. not interested prospects ). Some of the costs that I can think of are :

1. ) Gas expenses

Imagine having to drive around to your prospect’s residence one by one, over and over again until your prospect turns into your customer/business team member. What if you have 100 people that you want to talk to ?

2. ) Meeting room rental fees

If driving around to your prospect’s house one by one is not an option due the rising gas price, how about renting a meeting room in some hotel ? Rental for a meeting room in a 3 star hotel would normally be costly as well.

3. ) Marketing pieces

Marketing pieces like company magazines, CDs, brochures, postcards etc. can be very costly if sent to uninterested prospects ( i.e. not doing targeted marketing ).

Internet Network Marketing :

With the Internet Network Marketing, there are several low marketing expenses that need to incur.

1. ) Hosting fee for your website / blog ( around $10 per month ). The “baby” program at the Hostgator has the monthly hosting fee of less than $10. Once you subscribe, you will have the ability to add unlimited #s of domains.

2. ) Domain fee for your website / blog ( around $10 per year per domain )

3. ) Internet Network Marketing training. When you’re just starting out doing the Internet Network Marketing, the type of training that you have to undergo will be different than the type of training that you have to undergo after few months/years of doing it. This would depend on your background as well. If you are new to the Internet Network Marketing and have no experience in Network Marketing, you will need a complete step by step, guide me by the hands training.

C. ) INTERNET NETWORK MARKETING ENABLES YOU TO MONETIZE YOUR MARKETING EFFORT

Traditional network marketing :

Monetizing my marketing ? Is this person taking non-sense ? Up to the time of writing of this article, I am not aware that you can monetize your marketing effort through the traditional network marketing.

Internet Network Marketing :

If you have a website or a blog, you can monetize your marketing efforts using the methods below :
1. ) Google AdSense
2. ) Affiliate Marketing
3. ) Getting paid blogging ( with blogs )
4. ) Contextual advertising
5. ) Selling advertising space to other vendors/marketers

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore