Multiple Streams of Income - The Smart Way Vs The Hard Way

By Marcy Amaro

If you've heard it once, you've probably heard it a million times: "If you want to earn a real income with an online business, you need to have multiple streams of income." So, new internet marketers with high hopes, but little guidance, curry around trying to find several sources of income to leverage online. Thus, setting up their set of multiple streams of income that will create their wealth in no time!

Then reality sets in. You are starting an online business because your financial situation is not the best, or you are apprehensive about making the large financial investment a traditional business would require. So, you search for the least expensive opportunities you can find that still feel legitimate enough. So, you end up with four or five "sources of income", each paying you a commission of about $10-20 dollars each. You reluctantly do the math and realize you need to sell about 250 products and/or services from your "multiple streams of income" in order to replace your $5000 a month salary.

So, now comes the fun part, right? Advertising! You've heard that PayPerClick advertising is the fastest and easiest way to get results. So, you set up your AdWords account, and build a campaign for each of your sources of income. You set your keywords and your ads and go to bed eager with anticipation. Two days later you find that all the money you had for advertising is gone, you've only made a couple of sales that don't even cover the marketing expenses you've just incurred, and you won't even see any of that money, because your first commissions are reserved as security for returns. What now?

Well, unfortunately, this is where most people end their internet marketing career, or resort to spamming the social media sites until they are banned from all of them for life!

The good news is, there IS a smarter way to build an online business with multiple streams of income that will not drain you of all your marketing efforts, and which will yield longer lasting, more profitable results. In fact, this process is so simple, and it will seem so obvious once you see what it is, that you will wonder why everybody is not doing it this way.

See, the biggest problem with the "method" described above is that marketing efforts, and money, are not focused. Each affiliate program or network marketing company will give you a website to sell through and market. But, if you have ten different "businesses" and you are marketing for each one, then you have to split your time and marketing funds ten ways. The end result? One tenth the potential results!

What is the answer then? Unfortunately for some, the answer will require that you invest a bit more money at first. But, the return on investment (ROI) will be so much greater, it will be well worth the upfront cost!

What you will need to do is find a business (preferably a direct sales business which pays you on YOUR efforts, not someone else's) that offers a commission of at least $1000. Now, I know you're probably wondering if that kind of business even exists. Well, the answer is YES. Of course, the initial cost for joining that kind of a business will be relatively large. But, if you compare it to starting a franchise or some other form of brick and mortar business, your investment will still be rather miniscule.

After you have found your "high end" business, the rest is simple. Set up a generic landing page (there's tons of information on how to do that online), and offer some sort of report, training or video in return for people's contact information. Once they enter their data, you will need to have in place an autoresponder to deliver the content you promised in the landing page. Now, your high end business can be "pitched" either as part of the thank you page they land on after entering their information, or within your first mailing through the autoresponder.

What about those multiple streams of income? Well, that's the beauty of this process. Once they have entered their information, you can "suggest" any and all other products and services you are an affiliate of as part of our email marketing campaign!

Tada! Instant multiple streams of income! You advertise ONE site. Build your list by offering free content. Pitch ONE high end product or service with a big ticket commission, and monetize your list by offering multiple other products or services over time. Now, THAT's the smart way to build a business on multiple streams of income!

Marcy Amaro is the owner and creator of http://www.GlobalMarketingClassroom.com. She is a Christian, wife, mother of two, and a former English teacher. Her Passion is helping others who have a burning desire for success achieve their dreams. You too can succeed. Find out how at http://www.StrategicMarketingMaven.com. Article Source: http://EzineArticles.com/?expert=Marcy_Amaro

Things to Consider to Running Business

By Jacob G Sebastian

There are a lot of people who prefer to be a businessman rather than being an employee in the governmental institution or private organization. With a good and careful consideration, running a business is very promising. One of the main things is that they have to know how to run a unique and successful business.

Running a business is very challenging. There will be a time in which you get ups and downs. Therefore, it will be better for you to know well how to run a business. If you have been through a lot of different experiences either good or bad, you will be able to react accordingly to the problem of your business. In addition, interacting with other people is also a good point for you.

The first thing you have to posses before starting your own business is high quality characters such as patience and the capability to take a risk. In addition, you will be able to easily expand and increase your business if you focus on your business. Therefore, you have to set the vision and mission. Most of great businessmen have excellent visionaries and have the ability to see and predict the market changes. It enables you to survive in any tough business competition.

Another good thing you have to possess is the ability to interact with other people including your employees. You should be able to motivate them to increase the productivity. Learn how to be a true boss, but don't be too bossy. You have to be nice to them so that they can respect you.

There are a lot of business fields which you can enter such as restaurant, transport business, mining business, realty and construction business, information technology business, and some others. Since you have a lot of competitors, you have to introduce new concepts and products or services so that you can attract your customers. However, you have to determine one which is suitable with your basic knowledge and skill so that you can handle it well.

Another great idea of starting business is . It gives you some advantages. The first is that you don't need to find new place for your office to rent and the second is that you can allocate your money for another need such as purchasing the materials, equipment or something else needed for your business.

In addition, you have to prepare all the things which can support your business. To keep contact with your clients, you need to install a landline and also internet connection at your home. However, you have to carefully choose the right market for your product or for your service. Keep on focusing on what you are doing. If you think you need to expand, and then expand it.

Market is one of most important thing to consider for a business. With good market you will be able to obtain more profit. To market your product or service, you need to keep contact with your clients. You can usereservationless conference calls. On the other hand, if you want to communicate with them through phone, you can consider flat rate conference calls. It will be more efficient. Article Source: http://EzineArticles.com/?expert=Jacob_G_Sebastian

Top Business Skills for the Business Owner

By Tony Jacowski

First, do you have the right skills that you need to successfully operate a business? If you question yourself about this, then you may need to enroll in additional schooling to learn more about the business. Do you have the money you need to start up a business? Depending on the type of business you are interested in, you may need more or less money to start up a new business.

Entrepreneurship Education and Innovating Success

By Nick Stoles

Entrepreneurship education spawns a lot of success stories and these encourage a lot of people to go start their own businesses. And with the help of the internet, entrepreneurship education opens its doors to a whole new people as well as opportunities for future entrepreneurship. This, however, has led to tougher competition too. The wider playing field also becomes a host of different businesses where people can learn, compete, and innovate.

And the best way to counter competition would be through innovation. Think about it as finding ways to put up your own playing field or even inventing a new game. If you innovate, you will basically be creating a whole new market and conquer that. Your education in entrepreneurship will help you become more prepared; innovation ensure success -if you take the right risks.

You have to realize that business is all about taking calculated risks, which can be learn through entrepreneurship education. Innovation can be a pretty big gamble, especially if you have virtually no idea how the market is going to react to the change you introduce. As such, you need to anticipate the different factors that may affect your innovations success. Keep in mind that in risk reduction is very important in the business.

Innovation isn't just about introducing a new product or service to the market. If you want to succeed, you need not use your education alone; you have to think outside the box and consider your business as an organic whole. This means you have to combine it with innovation can come in the form of a new and more efficient way of production.

Every entrepreneurship education as well as program encourages innovation and, in turn, innovation encourages progress. It is because of the constant competition between entrepreneurs that our civilization has reached the heights we have today.

Starting your own business? Learn how a credit card printer and credit card swiper can help streamline your business operations & boost sales!

Business Startup Funding

By Steve Hanagan

Finding business start up funding can be one of the biggest challenges for a would-be entrepreneur. While launching a new business venture calls for a great deal of research, skill, and preparation, many people have a difficult time coming up with the financial resources to get their new business off the ground. As a first step, you should list the various potential sources of funding available to you and determine which approach will be best, given your own unique needs and time frames.

How Much Does it Cost to Start a New Business?

The answer to this question depends largely on the type of business you are looking to start and the choices you make along the way. Some of the most critical pieces to answering this question include:

• Do you have to invest in capital equipment?
• Will you be renting or leasing a location for the business and, if so, will that space require any renovations?
• Will you need to hire and pay employees?
• Will you need to purchase and maintain inventory?

Fortunately, many businesses (e.g. those that are Internet-based) can be started with minimal budget and run from home with no employees, inventory or any equipment other than a computer.

Sources for Business Start Up Funding

That said, the business you're thinking about might require an up-front investment. If that is the case, here are just a few sources you might consider:

Your savings or investments- For starters, you might look to your savings account or liquidate some of your investments.

Borrow from friends or relatives- While this is an avenue many new entrepreneurs take, it should be approached with caution as it can lead to discomfort and hard feelings.

Credit cards- This is another method that should be undertaken very cautiously and only if you believe you can pay off the balance very quickly as credit card debt typically carries a very high rate of interest.

Loan from the bank- A bank loan is often difficult for a new business to acquire. To be successful, you will probably need to show a professional and well-developed business plan along with a plan for repaying the loan.

Before choosing any of the above methods you should be sure to have developed a business plan that you believe in and, to the best of your ability, a projected time frame for recapturing any money you may have borrowed to get your business started.

Steve and his company build database software for business and personal use, including business database software products.

How Entrepreneurs Think

By David Ahmad

The word entrepreneur in itself can get a true individual born for business excited. Becoming an entrepreneur is a longer term endeavor and lifestyle that any person can be, as long as they have the right mindset and strong goals looking into the future. So what does it take to be an entrepreneur and when can you start?

Starting can be one of the most difficult things. You need to figure out your strengths, but more importantly, what you love to do. They say you should always follow your dream. Entrepreneurs interpret that slightly different. They see it as following your dreams with your eye on the money. 

Know These 10 Things Before Starting Your Business

By Jerome Baladad

Having reached a point in life when you've identified that developing a business as being your life purpose, then, proceed to take a pause for a few critical moments. Get pen and paper in hand, jot down all the things that you will need. You may have to consider knowing at least 10 things before you actually get to start operating this business. Seize the opportunity to develop and acquire good knowledge on the following steps to help you grow the business in leaps and bounds:

Entrepreneurs Vs Business Owners

By George Sabados

The role of the owner is to provide the skills or purpose to employees and infuse a results-driven culture into the business.

A businessperson who is an entrepreneur can generate purposeful action within their business whether or not they are physically present. Entrepreneurs focus on the business. They can, with a couple of phone calls, generate income. They lead, inspire, and generate purpose amongst staff. They do not need to work in their business, but may choose to do so.

Why Entrepreneurs Should Have a Business Coach

By Tammy Burnell

I was not always an entrepreneur, in fact up until 7 years ago my only resume included 20 years of real estate sales. Yes you may say that can be considered an entrepreneur because as a Realtor you are self-employed. My definition of an entrepreneur is someone that is always seeking, open to opportunities and knows which ones to choose to make a real profit. Most entrepreneurs are risk takers and with that comes failure, or as I like to say, just another way that doesn't work and move on.

Honestly I never knew business coaching, personal development coaching or entrepreneurial coaching even existed until 2004. Before I got a coach I was doing a lot of things the hard way. Sure I was successful but it took me a lot longer to get there than it should have. I hired my first business development coach in 2004. I was selling real estate in Los Angeles and had just moved back from Colorado Springs where I had a very successful career selling 38-42 homes a year working only 6 hours days 5 days a week. Life was good, but I was homesick and thought I could easily duplicate what I did in Colorado here in LA. Boy was I wrong! I had left a huge database and now was starting from scratch, dumb idea for sure. My business coach starting asking me questions that honestly I had never even thought of; like where do you see yourself in 5 years? Well I tell you it really wasn't selling real estate. I had been selling for 20 years and was really done with that adventure, but wasn't sure what else I could do. When I started coaching my very first call it clicked, this is what I want to do, what a great job! Within in 6 months I was a coach with one of the top firms in the country!

That was the start of my entrepreneurship! I met so many incredible people and started surrounding myself with people doing more than me (just like my coach told me) and it was like Pandora box opened up for me. Soon I found myself selling real estate, coaching 40 agents all over the US, investing in condo towers in Costa Rica, and speaking and training all over Southern California. All this with being a newly single mom with 2 little kids.

I would have never been able to do any of this or even think of the possibility of doing something like that without the help of my personal development coach. I have used the principles and teaching of my coach and have been paying it forward with my own style for the past 6 years. I have personally coached hundreds of Realtors, and now since opening up my own firm in Sept 2009, am now coaching life coaches, entrepreneurs, network marketers, and of course real estate agents.

If you really want to step it up both personally and professionally and stop worrying about when the next time you are going to get paid, if you are going to get paid, and start living your dream business and life.

Entrepreneur Tool - Attracting the Perfect Client

Ahh, if we could only have every client be the perfect client and/or customer. Do you ever notice how successful entrepreneurs business owners always seem to have the best customers or clients? Why is that? Because successful people have standards. Now you might be saying standards, what do you mean by standards, and in this economy I will take whatever I can get! This is the wrong way to go about your business. I see it happen all the time in my business coaching program where business owners/ Realtors/entrepreneurs really have not got clear on who their ideal client is.

By Kevin F Murray

By reviewing these 5 Simple Steps to Design and Create Your Own Prosperity, you should receive an energetic boost - and you can use that extra energy to help you go much deeper into these practices.

Here are the 5 Steps:

1. Learn how to increase and maintain Your Daily Energy. This practice will take some time as we are used to giving our attention to our minds. Where does your energy go when you are not paying attention to it? Try to see what situations in your day "take" your energy. Also learn to add in more energy by doing what you love to do! Why wait? We don't know how much time we have on the Earth. Enjoy Life Now!

2. Develop a powerful message to inspire you and your clients based on Your Business and Its Impact. The more clearly and deeply you can connect with IMPACT, the easier it is to find your Ideal Clients. And the easier it becomes to attract them and find the partners too.

3. Create a clear and detailed specification to attract Your Ideal Clients and Your Ideal Partners. Who are Your Ideal Clients? If you don't know, make it up! Make up a list of all the traits and attributes you'd love your clients to possess. Once you tackle this list, the next question is: who else has these clients already? Then go to work connecting with these partners and induce and inspire them to hook you up with their clients.

4. Learn to create Your Business Systems so you can enjoy improved results with less work. All successful companies have FORMAL business systems. All companies have systems. The big difference is in how formal, clear, in writing and in practice the systems are. Imagine how powerful your systems are when they are layered on top of Energy, Impact and Ideal Clients.

5. Put all of these steps together in Your Miracle Manifesting Plan - learn how to transform any part of your life with these steps. In a Miracle Action Plan, you use Intention, Attention, Action and Repetition to bring about almost any change you desire. I know that may be hard to believe, but imagine if this formula worked! What would you be willing to attempt with this process?

Overall, these steps can help you, Increase your self-awareness, which is at the root of any change and increase your personal energy. Also they can help you define your greatest Business Impact and design strategies to connect you with Your Ideal Clients and connect you with Ideal Partners to bring you more clients. Also you can develop Business Systems to simplify your work and magnify your profits while improving the financial and performance results in your business, thereby increase your income and business value.

You can also create more balance between work and life.

Simply following these steps, and practicing them will help your relationship to all the places where your Prosperity comes from. Thanks,

Kevin

Kevin F. Murray is an author, Mentor Coach and Toltec guide in the lineage of don Miguel Ruiz. He is President of Sebago Energy Conservation Corp. and EarthLight Consulting, LLC. Kevin is a lifetime entrepreneur and has practiced sacred traditions for over 25 years. He is a husband and father living in Connecticut.

3 Things You Can Do Today To Make More Money

As a small business owner or entrepreneur you are probably always on the lookout for ways to make more money. If you aren't you should be. After all... isn't the reason you are in business in the first place to make more money.

Opportunities to make more money are every where. Sometimes we just need to have our eyes opened to them.

A common trait for many entrepreneurial type people is to think in terms of creating something new (ie new business, or product, or service) without fully exploring the revenue potential of what they are currently doing.

Here are three ways you can maximise the revenue potential of your exiting products and services:

Personal Finance Traits of Henry Ford

By Michael B Bowman

Not many people can claim to be as wildly successful as Henry Ford, but the simple principles he employed to attain his personal fortune provide insights for anyone wishing to improve their financial situation. Henry Ford didn't start out trying to make mountains of money. He rarely mentioned money during his childhood and early adulthood. Rather, his attention was directed at pursuing his deep interest in building machinery.

This desire to spend his time building machinery turned into a passion for building cars. He followed his passion and increasing levels of income eventually would follow him. He gave up a good corporate job to pursue this dream, with no guarantee of financial gain. However, by disregarding the discouraging comments he received, maintaining a conservative view of managing money and debt, and leaving the "security" of his corporate job, Henry Ford turned a passion into income, which then gave him the freedom to live the life of his dreams. Here are five financial lessons we can learn from his journey as hobbyist to industrialist.

1. Henry Ford developed the skills that allowed him to live his passion.
Henry Ford was fascinated with machinery from the time he was a young boy. Even though his enthusiasm for tinkering with metal and tools was discouraged by his farmer father, and later on his employers, as he became a young adult he continued to pursue those interests.

Ford followed his own calling and continuously taught himself to build tools and machines. He spent all of his free time working on his interests. This allowed him to hone his mechanical skills to such a fine point that his technical ability could be used in creation of a new horseless carriage. From very modest beginnings he constructed his first car on his own in his garage after work. That car led to millions upon millions more sold over the next 100 years. Even though he was highly criticized and discouraged, except for Thomas Edison on one early occasion, his passion had turned an idea into a valuable reality that provided him the means to live his dream and pursue his interests.

2. Henry Ford quit his day job.
Henry Ford noted in his own biography My Life and Work that his childhood was average from a financial perspective. The family didn't face seriously tough times, but they weren't incredibly successful either. As a child he worked on his parent's farm, received basic education in a one room school house where he was assigned to the back row of desks, and would visit town with his father in a horse drawn wagon.

As a young adult he worked for Edison and was paid $45.00 per month. Years later, as an engineer, he was making $125.00 a month. He must have been considered a valuable asset to the company he worked for because they offered him a higher paying job if only he would quit talking about pursuing his dreams of building cars. He quit his job that very day.

3. Henry Ford never stopped studying and learning.
One trait of successful people in any arena is their devotion to constant learning. Henry Ford stated many times that the long hours put in practicing and studying ways to improve your abilities never seems like work when you are excited by it. In his mid-20s Ford was still working for someone else, but he found many ways to get better with machinery and tools in his "off the clock" time. He took a part time job with a jeweler, and using the skill of watch repair that he had taught himself, he became much better with mechanical parts by repairing hundreds of watches. Another example was his garage workshop. Late into the night he would work in the shop and construct engines and mock cars with the spare parts and scrap he had collected.

Some people look at learning and studying from the same bored perspective of a fourth grade student sitting by the window in class on a beautiful spring day. Rather than thinking of learning as a chore or a hindrance to fun, successful people look at the exercises of honing the skills they are passionate about as interesting and exciting work. Their passion may not be the thing that currently allows them to earn income. However, developing the skills that not only excite you, but can be turned into a living that supports you, is a good marker of future success.

His work ethic brought him consistent success that led to even bigger rewards.

You can read more about this story and Henry Ford's personal traits with money at BowmansMoneyCollege.com.

Can the Characteristics of Entrepreneur-Minded Individuals Be Learned?

By Scott Ewart

While some people may be convinced that entrepreneurs are simply born to do business, the fact is that the characteristics of entrepreneur-minded people can be learned and implemented to increase the likelihood of business success. The trick, of course, is learning what these traits are! In most cases, almost anyone with the desire and drive to undertake an entrepreneurial venture can assimilate some of these abilities and boost their business acumen at the same time.

Seven Unique Qualities Of An Entrepreneur

By Clement Sadjere

Innovative
A successful entrepreneur is always thinking beyond the ordinary.
He thinks of multiple ways of doing things differently from what presently exists.
This unique quality is what keeps him apart from the average business owner.

Effective planner
Every entrepreneur is a good planner. He packages himself and business in an organized format.
This quality makes him to be able to plan his time, resources and business in a better perspective.

See More after the cut


Positive thinker
Successful entrepreneurs are not pessimist but optimist. They are never discouraged of any major setback in business.
An optimistic entrepreneur is always looking at the positive way of getting things done in a better and more efficient manner. This quality makes him to have a high degree of self-control and self confidence.

An achiever
The desire to achieve something worthwhile remains a top priority in the life of every successful entrepreneur. It keeps him motivated and determined. Success has a price tag, and the entrepreneur is always seeking to break new grounds in business.

Independent minded.'
Every entrepreneur love working alone without supervision.
They hate monotony and love autonomy with passion.

Passionate about their business
Passion is a prime mover in the engine of every successful business.
This basic ingredient is always present in the life of every successful entrepreneur.
When things are not working according to plan, passion takes over and creates the capacity to overcome boredom and weakness.
Humble
Humility and the desire to learn new things in the ever changing world of business help the entrepreneur to remain on top.
Humility enables the successful entrepreneur to learn from errors and start all over again.
Pride remains the number one killer of destiny and business.

Clement Sadjere is an Author, a motivational speaker and an information product sales/ marketing expert. He can be reached via telephone on +2348052790262 He is the owner of http://www.grelohi.com a free article directory website

How Important is Due Diligence When Buying a Business?

By Bob D. Foster

Performing due diligence prior to closing on the purchase of a business is actually the most important step in buying a business. Unfortunately, it is also a step that many small business buyers approach haphazardly--or leave out all together. Due diligence usually comes right after the buyer and seller reach a formal agreement on the sale of the business--contingent on the findings of the due diligence review.

Here are the things you should include in your due diligence when buying a business:

1.) Accounting. Small businesses are notorious for keeping poor accounting records, so it is practically mandatory that you (or preferably an accounting professional) review the accounting records of the business to ascertain their accuracy and to uncover any problems.

2.) Site Inspection. Although you have obviously visited the site of the business you are buying, now is the time to scrutinize the physical aspects of the business very closely. You need to take a close look at the equipment to make sure it is in good repair and capable of performing the tasks you are planning. You should study the building to make sure there will be no surprise repairs you will be responsible for after you take possession. And, most importantly, you need to determine the general condition of the workplace. Much can be determined by the way the business has operated in the past--is it well organized, clear of trash, and a good working environment? Don't skimp on this portion of your due diligence.

3.) Employees. If the business has employees, you likely will want to retain most of the employees that come with the business in order to maintain continuity. This can sometimes be a problem, depending on what went on prior to your involvement. You need to talk to some of the employees and make sure there is no employee revolt simmering beneath the surface just waiting to erupt.

4.) Customers. You should interview a few key customers to make sure there are no customer relations issues waiting for you when you take over. A problem in this area can signal major internal problems with the business, so do not bypass this step.

5.) Vendors. The same is true of vendors to the business. You should contact a few of the major vendors to make sure there are no open issues, and that the vendors will be happy to continue doing business with you.

6.) Government. You need to make sure that the business has all the necessary licenses and permits to operate. You need to be aware of any "grandfathering" conditions that will change when a new owner takes over. In drastic situations, you might not even be able to operate the business where it is now located, due to a change of codes or other government action that required the business to be grandfathered in. A new owner usually breaks the grandfathering consideration.

The whole point of due diligence is to discover if there is anything in the operation of the business that would cause you to not go through with the purchase...as well as to highlight areas you will likely need to address shortly after taking over.

Do not skip, or slide over, the due diligence process...it could come back to haunt you.

About the Author
Bob D. Foster has worked for several decades as a business consultant, turnaround specialist, and successful entrepreneur. With a direct and unorthodox approach, Bob specializes in helping people start new businesses and saving those that have been deemed unsalvageable. For a look at a broad offering of business solutions and resources, check out Bob's web site at http://www.business-solutions-and-resources.com

Best Business Opportunities - What to Look For

By Jared Borja-Perez

Lets face it; there are always circumstances when a little extra money can help out a lot. Some people will go to great lengths to make even a few extra bucks. The best business opportunities are those that make us happy and provide us with the greatest returns. This is why we always need to keep in mind the return of investment on anything we do. Return on investment is only one of the many reasons that make business opportunity good.

To find the best business ideas; one thing to look at is the niche that it represents. Obviously some niches perform better than others. Think of questions that have to do with supply and demand. How much demand does that product or company have? Also, who is the target audience? The products or service that you offer must be able to stay in demand for a long time. The length of time the niche will be profitable is very important when finding the best franchise or business venture.

Another thing to look for is the competition. Generally you should find a business idea that has little to no competition. It would not make that much sense to compete with Burger King. Many of the most successful people are the ones that think outside of the box. Instead of targeting a burger with two patties, find a way to monetize chicken nuggets better. Of course that was just an example but it makes a valid point. The best business opportunities have small competition. Keep in mind that it still is possible to join a market with strong competition.

While there are many factors that influence the best business ideas; the two mentioned above should greatly impact your business and future businesses. Learn how to find a business that has potential for growth and an upward trend. Secondly, make sure you measure out your competition before you invest into the next business plan. Good luck to you in the future!

Interested in finding the best business opportunities out there? All is revealed about what you need to know about the best business opportunities.

Visit http://findworkingfromhomejobs.blogspot.com for more info!

Article Source: http://EzineArticles.com/?expert=Jared_Borja-Perez

Going Self Employed

Going self employed? Great Idea! I know the concept of being one's own boss sounds extremely good. And having done it, I know it is not overrated. But before you take the final plunge, think through these things:

Can you sell?
Even if you are not in network marketing or retail, you can't hide from selling. Being self employed, entails selling of your ideas, right from getting a loan approved to getting clients, selling your business viability to the investors and the fundamentals of the company to hire talented employees.If you are scared of rejection, may be self employment is not for you.

What can you sell?
Make a list f your core competencies. Use a SWOT analysis or any other tool. Find out what are the strengths which can serve you in your business. Is it experience, competency, knowledge, talent, perseverance, education or anything else. No matter what you eventually decide to sell, these strengths are what will keep you going.

Who can you sell it to?
Survey the demand of your product or service in the market. The most quality product may fail to sell if the market is not ready for it or if it has reached it's saturation point. That also makes the study of competition necessary.

Are you in debt or can you work for free?
Before you start freelancing, evaluate your financials. Very often, the ROI for start ups is negative and it takes a couple of years to reach even a break even. So if you are dreaming of starting a business and buying a new car next year with the revenue, slow down. If you are in debt, first think of paying that off before you quit the job and start your own business. Think about starting the business part time and leave the job after your business has stabilized.

Do you have a business plan for 5 years?
Don't quit and start freelancing just because you got an offer for consultation. Self employment does not guarantee continuous income. Make a systematic plan for 5 years to come if you go self employed. I agree, more often than not things will not pan out as planned, but entering a business without a plan is much worse than having to tweak the plans at a later date.

These questions are not scare you. The failure rate of start-ups is extremely high (around 80%) and very often the culprit is lack of planning. So this is just to prepare you for things to come. Have fun being your own boss!

Neha is a freelance corporate trainer. She also authors articles to help aspiring trainers and non-trainers, who are expected to train in their organizations. You can read more and find training resources on her website http://thesmarttrainer.com/

The way to Become an Entrepreneur - three Essential Truths You Want to Develop

The way to Become an Entrepreneur - three Essential Truths You Want to Develop

Are entrepreneurs born or made? This had been an previous battle of discussion. Everybody people is an entrepreneur in one manner or another. We simply have to tap deep inside us if we need intensely. Allow us to define what will an entrepreneur means. The word entrepreneur is originally taken from the French word, etreprendre, that means " to undertake." Within the business context this merely means to begin a business. The Merriam- Webster dictionary defines an entrepreneur mutually who organizes, manages, and assumes the risks of a business or enterprise. It looks to me that not everyone will become an entrepreneur primarily based from this definition. The definition really varies from which perspective you're referring be it either business, social, economics, political.

Entrepreneurship must be a terribly various subject to discuss. I should say that every one entrepreneurs started deep within themselves. That is the topic that I wish to talk concerning here as I am on this journey of turning into an entrepreneur. Yes I am still working on employment as a mechanical engineer for over additional than 10 years already. Its never too late for me to pursue and become a dreamer. I have quite experienced some kind of an entrepreneurial skills development in my past three years of working here in Singapore. I had my first style of engaging in a business through forex trading. Then I got involved with multi-level promoting business until I committed to being an online entrepreneur as a pursuit engine marketer.

Here are three Keys you would like to develop to become an entrepreneur within.

1. Definiteness of Purpose - after I started a network promoting business, we have a tendency to were taught to write down our dreams and goals. Why do you want that dreams and goals? Why is that vital to you? Its all about WHY? In any quite business this should be the place to begin of where you want to be even one's life purpose. Purpose is terribly powerful specially if you get emotional.

2. Passion - this is the driving force of your purpose. Passion gives you the energy to do what you're keen on doing regardless of time. It drives me to find out things that I do not know. To precise myself brazenly and to be the most effective that I can be all the time.

3. Continuous Observe - I've got to commit on practicing the required skills and traits of a great entrepreneur as much as I can. What distinguishes a star from the other performers is the quantity of hours practice. A 10,000-Hour Rule was the norm based in Malcolm Gladwell's book Outliers: The Story of Success.

"Being an entrepreneur isn't a cluster effort. You have to trust yourself." - Donald Trump

About the Author

Bob has been writing articles online for nearly 2 years now. Not only does this author specialize in Entrepreneur You can also check out her latest website about : T Shirt worldWhich reviews and lists the best customized t shirts

4 Powerful Business Boosters for Fresh Starters

By Maryrose Malinao

Are you ready to jump into the world of business with busy people and hectic schedules? Do you want to start running your business plans and ideas into reality by now? Are you really up for the challenges of competition and money quests for endless success?

Based on the corporate records of the Small Business Association (SBA), there are always two factors that remain true for every business survival. These includes the owner's primary reason for starting his business and the business owner's educational level.

Here are the top 4 questions that will truly empower a successful business for lifetime happiness.

1. Are you ready for any challenge?

The possibilities are endless here. Are you ready to face any change in your lifestyle, attitude and actions? Your current status may change. Whether you are a student, career professional or an aspiring entrepreneur, you should be ready by now to face greatly empowering challenges in the business world. You will take various roles or wear multiple hats to run your business really well. Your family and friends may not truly understand you here. They could even become your tough critics and may block your business pursuits. Are you really ready to face and conquer these kinds of challenges?

2. Have you found your niche?

This is another powerful question that requires sincere action. Is your mind already fixed on your chosen niche? This is all about your natural passion and interests. A hungry niche can be fed with lots of traffic only if the owner has so much passion to do it and deeply in love with his chosen niche. Use the power of SEO and Google tools to find a lucrative market and a perfect niche you would really love to work on.

3. What are your dynamic plans for success?

Everything that you have to do here involves careful planning. This requires a lot of your creative time and positive thinking to organize things systematically. It is not enough that you vowed to face every challenge in the very first powerful success question asked here. A target niche decision is not even suffice to launch your business to the general public right away. You have to set a systematic plan for a more dignified business.

4. Who will be your target audience?

If you have decided to focus on a certain niche that really captures your interest, you should know your target audience for more sales. You can advertise either online or offline. Take advantage of Google AdSense for more revenues and cash. You could even grab the great benefits of article marketing for more traffic and sincere clients who will give you optimized income along the way.

The internet has a lot of resources and tutorials to teach you how to market your business effectively. After doing a thorough research on all these 4 powerful business boosters, check yourself once again to prepare for the product launching.

So, are you now truly ready for this great business adventure for lifetime success?

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Article Source: http://EzineArticles.com/?expert=Maryrose_Malinao

4 Reasons to Start Your Own Business

By Ken Sundheim

In the world of business, many people want to start their own corporation for a plethora of reasons. Some of these reasons to go out on your own are good and lead to success, while other reasons are not conducive to your business succeeding. Below are four reasons why.

1. You constantly think about starting a business and can't get the idea out of your head

My belief is that we have one shot on this earth. We are lucky to be born during a time which allows us to try and do almost anything. If the thought of not going out there and giving it your best bothers you, then you are ready to start your own business. I have no doubt that you are ready. People with this type of mind frame, typically do not lose. Though, to increase your odds of success, make sure that you are choosing an industry (I would prefer service oriented) which you are going to be the best at. If you strive to be the best at what you do, you're bound to land somewhere in the top 10%. That's my theory anyway.

2. You have been laid off

I can go on and on about this one. I remember, a few years ago I was depositing money into my bank account and the branch manager came up to the window and began doing the transaction. Since he was new, curiously, I asked him where he was from. He proceeded to tell me that he worked at another bank, though he took 6 months off due to severance pay. My next inclination was to ask what this individual did with his 6 months. So, I asked. He spent it watching television. Those were pretty much his exact words.

This is not the type of person who would be interested in reading a blog like this, but if you lose your job, time spent grieving or doing something which is absolutely unproductive is uncalled for. By using the phrase "uncalled for," I am referring to the fact that, in the least, this person should have given something back to the community. If you are laid off, spend the time developing your own business. You can never have a more opportune chance. If done correctly, you have not only followed your dreams, but you have done so successfully.

3. You firmly know and have learned the skills to be self-sufficient in business

Starting your own business, unless you have a lot of funding, takes a strong knowledge of marketing advertising, and PR, an ability to sell, an eventual ability to manage others, and basic accounting techniques. If you know the basics of the above skills, then you are ready to start your own business. When starting a company, the name of the game is to have the odds with you. If you have knowledge of these skills and understand the fact that if you outsource everything, your company will not make the profit it is capable of, you may seem good to go. When it comes to vendors, and I can attest to this, none have a vested interest in making you rich.

4. You are doing it for yourself

Don't open a business to prove anything to anybody. Don't open a business only because you feel it is a way to make money, as this is not always the case. Open a business for yourself. Open a business to fulfill your dreams and become what you know you can. If you become an entrepreneur for any other reason than your wanting to start a business, you're not going to be successful. Plus, what if the person whom you're trying to prove your worth to moves to Australia and never knows the success you've had? The whole business you started which is doing revenue in the millions is down the drain.

Article Source: http://EzineArticles.com/?expert=Ken_Sundheim

3 Unlikely Business Skills You Need To Be Successful

By Deon Du Plessis

Some say that true entrepreneurs are born, not bred while other argue that it all comes down to skills that anyone can learn. For the most part, learning the skills you need to start and grow a successful business is something that can only be learned first hand. Books and mentors can take you a long way towards learning what you need to learn but in the end the real skills you need is more than just ABC stuff.

There are certain aspects to starting and growing a successful business that very few people ever talk about. There are 3 of them in particular that you need to start paying attention to and cultivate in your own life if you really want to be successful in the modern business world.

1. Intuition
Many of the wealthiest business people talk about how they always follow their "gut" and that there is this still small voice inside them that tells them which way to go. Often times this small voice is very different from what the status-quo would think is the "right way" to do something but this is also why these people are so successful. The fact remains that we all have that intuition. Its all about listening to it and then having the trust to follow it.

2. Optimism
In any business there will be many setbacks, disappointments and hardships. If you allow any of those things to let get you down you simply won't make it. Optimists succeed because they always see things better than they are. because of this, they always see possibilities and they seek out solutions instead of the pessimist who ends up giving up.

3. Resilience
All businesses fall from time to time. Those who are resilient are those who can get back up. Resilience is an attitude that comes from a deep belief in your business and having passion for what you do. When you are resilient you will keep getting up and nothing can kept you down.

Article Source: http://EzineArticles.com/?expert=Deon_Du_Plessis

Before You Start Your Own Business

By Cesar Fasano

It has been said before that the Entrepreneurial bug can't be beaten. Along the history of very successful entrepreneurs, you can hear all kind of crazy histories...

...For example, Henry Ford was often accused of fooling everyone. His accusers always said that he couldn't answer their questions about the technical part of Ford cars. He refused to. Instead he would call his engineers and technicians to answer these questions FOR him.

Your 30 Day Challenge For Entrepreneur Success

By Brian J Moore

When you start your new online business you take the challenge and start a new part of your life. Entrepreneur success is about making changes to your habits and your to your mind-set, so when you take the 30 day challenge with your online business you set the seeds for success in you.

All new habits that we want to create take about 30 days to become a part of our new way, and by building clear entrepreneur habits you set off the process of creating a solid foundation for yourself and for your business. Allow yourself some time in deciding what you want to do and achieve over the next 30 days in your online business.

When is the Best Time to Sell Your Business?

By Marvin G White

When to sell a business is the most common question among business owners. The time to sell is when you want to move on to the next challenge or retire. Efficient markets price everything from gasoline to cheese fairly and your business is no different. This is true as long as there is a liquid market for your business; meaning there are enough buyers and sellers to create an efficient market. People worry about not getting enough money for their business instead of worrying about their buying power. In a buyer's market, buyers demand a discount so you may get less for your business, but you also get more buying power from the sale of your business. In a seller's market, you may collect more money at closing, but you will have less buying power as goods and services are priced at a premium. As long as you create an efficient market for your business, the time to sell is whenever you are ready

A strong business is worth more money than a weak business. Every business owner should always be strengthening their business to enhance its value. Don't worry if your business isn't perfect, none are and the imperfections in your business may be just the thing that gets it sold. People like to buy businesses with the right things wrong. If a manufacturing company had a great line of products but poor marketing, a marketing person could buy the company and maintain existing product line and add strong marketing. The business would be more valuable for the new owner after marketing was added.

Your business must be presented in a way to create an efficient market so you get maximum fair market value upon sale of the business. This process must be done without anyone knowing your business is for sale until you leave the closing table. Failure to do this could result in the loss of key employees, customers and vendors.

Business brokers or business intermediaries are commonly used to connect buyers and sellers. Business broker typically collect a fee of 10-12% of the sales price, but some will negotiate depending on the circumstance. It is possible to sell a business on your own, but you must carefully plan how you will present the business to the largest amount of buyers while maintaining complete anonymity so no one knows it's for sale.

If you are considering selling your business, the probable sales price of your business will be important. All businesses are valued based on their capacity to earn income and how reliable the income stream. Businesses are sold on some multiple of earnings. The multiple is dependent on the quality of earnings. The corner sandwich shop may get 1 times earnings while Google gets 30 times earnings. The market is pricing Google's earnings 30 times more than the sandwich shop because the sandwich shop could go out of business for many reasons, but it is unlikely that Google will go out of business or stop making money in the foreseeable future. As the earnings prospects change, so will the multiple.

http://www.bizprofitpro.com

Marvin White writes about topics affecting small business which includes business brokerage, marketing and sales. He also writes about financial markets specializing in derivatives trading.

http://www.bizprofitpro.com

Serious Entrepreneurs - SEO Or PPC Advertising

By Terje Sannarnes

It goes without saying that a very effective website promotion strategy will be required for any online business. Serious entrepreneurs usually understand that high amounts of traffic can be generated to a website by popular search engines like Google, Yahoo, MSN, Alta-Vista and others. That's why they often give a preference to such proven search engine marketing strategies as SEO or just decide to deal with various Pay-Per-Click campaigns. As a rule, results don't keep waiting for a long time. The main objective of this article is to describe the major features of these methods.

The benefits of Search Engine Optimization. Even though it may take a lot of time to optimize a website under specific keywords, SEO techniques provide excellent results. The point is that a well-done search engine optimization works for a long time. So, it makes sense to hire the team of professional SEO experts and ask them to optimize a website under the most perspective keywords and phrases. Serious entrepreneurs say that after obtaining top search engine rankings it is possible to get targeted traffic for several years. Despite the fact that SEO services may seem to be quite an expensive pleasure from the beginning such methods are really cost-effective. According to independent statistics and comparative analysis, natural search engine optimization provides the highest Return on Investment. There is no need to pay for each click. Actually, website owners can obtain as much traffic as it is possible. This means that all time, efforts and investments spent by serious entrepreneurs on doing website optimization will be definitely crowned with success.

The benefits of Pay-Per-Click Advertising. This internet marketing strategy provides quick results. Thus, once the list of keywords is specified and a campaign is launched PPC technique begins to work almost instantly. It may take a few years to optimize a website under highly competitive key phrases. Nevertheless, time may play a crucial role in doing online business. Thus, making bids serious entrepreneurs begin to receive traffic immediately. Another important advantage is that Pay-Per-Click advertising can be updated, suspended or even stopped anytime. It should be emphasized that PPC solutions are easy-to-use. Also, the minimal skills and investments are required to launch a campaign and manage it successfully. Webmasters like PPC online advertising solution because it is very flexible. Thus, website owners are provided with a full control over budget available in their accounts and can spend money as they desire.

So, it is the right time to summarize the article and make a final conclusion. There are no doubts that both SEO and PPC advertising techniques are cost-effective and always work effectively. Both methods can be applied for any online businesses and provide a lot of targeted traffic to a website. Serious entrepreneurs usually prefer to begin with PPC Pay-Per-Click advertising in order to check if their idea really works perfectly. Once online business starts bringing revenue it is time to invest more money and order professional SEO services. Acting in such a way, online business owners always achieve desirable results.

Business Start Up Checklist For Newbies

By Kerhon Gbenro

Are you looking to start a business and need some guidance? The business start up checklist below provides you with step by step pointers on how to achieve this. There will certainly be steps that are peculiar to certain areas of expertise, so you may have to make adjustments for this. When looking to begin the following should be taken into consideration:

• Prepare a business plan
After performing a thorough market research, you will need to prepare a business plan. This is a planning tool for start up, starting up and managing and operating your business. It should contain your business goals and the plan you have for reaching those goals. The plan should also contain some background information about the company as well as members of your team. Also important to include in here is information about your competition and how you plan to survive and stake your claim in the same market place.

• Forming your company
The process involves first choosing a name for your company and deciding on which legal structure best suits you. You then need to register the company

• Build a website and register a domain name as soon as is possible.
Although you can get away at the initial stage without a website (unless your business is solely web-based), it is important you register your domain name as soon as is possible and practicable.

• Register the company for VAT if applicable
You may not necessarily have to do this at the initial stage but if your start up costs are on the high side it may well be in your interest to register for VAT. However, it is mandatory that you register your company for VAT if your annual turnover reaches and exceed £64,000.00; up until then it is not a legal requirement.

• Apply for a business account
This is relatively easy to achieve. Usually a visit to the bank will shed more light on the requirements for this.

• Apply for business permits or licenses.
This usually depends on the nature of your business. Check this out with your local authority if in doubt.

• Lease office space.
You need to choose carefully where your business will be located as this can greatly impact the footfall to you business, if you are a retail outlet for example. You may want to ask yourself if you can start your business from home at the initial stage to keep costs down.

• Obtain the other services that are essential to running your business
Consider obtaining insurance, setting up your accounting system, payroll systems, telephone and internet systems and registering with the electricity and water companies in this category.

• Create business materials
You want to get all your business materials ready - this includes business cards, stationery, brochures and marketing materials with which you connect with your customers.

• Develop a marketing plan for your products or services.
It is essential that you have a well thought out and documented marketing plan. The information here should support the figures in your business plan. It should contain information about your marketing strategy and the actions you will take to generate your projected revenue and ultimately turn your company into a profitable venture.

A business start up checklist is an essential guide to see you through the daunting and challenging time of a business start up. The above steps will get you going in the right direction. After this you will need to consider promoting your business.

For more information on business start up and promotion Click Here.

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