So you want an online home-based business opportunity?Many people dream of working from home? Because of that, they can easily fall prey to some opportunities that really are not so good.Those who are successful at internet marketing often tell of their start-up mistakes. They do point out that failure is not always bad–that is, if you learn from each failure. On the other hand, many of them also talk about how they wasted a lot of money in the beginning of their search for the right online home-based business opportunity.We can profit from our own mistakes, but we also can learn from the mistakes of others.Those who are successful with such ventures have learned a secret.What is that secret?Here it is: They use five solid considerations to evaluate any online home-based business opportunity.Look at those five considerations, and learn to add your own important considerations when you evaluate business opportunities:1. Is the company you are going to be dealing with ethical? Do they make outrageous claims of building wealth overnight? While it may be possible for a person to stumble upon something highly successful, view such claims with a great deal of scrutiny. Look at the documentation about income. View the testimonials. See if people in forums defend the legitimacy of the company.A product that makes modest or realistic-sounding claims may well be ethical. Just look closely at what they are asking you to do.Some tested and legitimate ways of making money online include PPC (pay-per-click) marketing. (Make sure you get good training, though, if you are considering going this route). Legitimate opportunities also include article marketing, becoming an affiliate for an existing company, and so forth.If the owners of the product seem to be asking you to do something shady, run quickly!2. What kinds of commissions do the products pay? if you are going to be doing affiliate marketing, of course you want to know how much you will make per sale. (Always promote products you believe in.)If you develop your own product, you will want to know how you should price it.3. What kind of training is offered? Does the business have an action plan? Does it have a forum area where others can help you? Will the owners be available to help when needed?4. Does the opportunity offer a money-back guarantee? If so, you can try it out before being stuck with something you really do not want.5. Does the online home-based business opportunity accept safe methods of payment? Secure websites will have “https” in their urls. Most legitimate businesses will ask for payment through such sources as PayPal, credit cards, or debit cards.So, if you are interested in pursuing a legitimate online home-based business opportunity, use these five solid considerations when making your decision.
The 3 P’s To Success With A Home Based Business
A home based business requires many different keys to success but without the 3 P’s, promotion, patience and persistence, your work from home business will fail. Many entrepreneurs go in to owning their own business with less of a commitment than they realize. Avoid the dangers of frustration by the following suggestions.Promotion is the source of energy that drives your business. It does not matter where you operate your business whether online or in the real world you must promote that business. Your business will hunger every day for more people either walking in your real door or your virtual door at your location. If you talk to everyone about what you work at home doing, you will create and endless stream of traffic.Your goal daily is to have 10 quality conversations with people about your business. This can either be face to face, by phone or online but it must happen every day. Also you need to uses either free or paid source to promote your business to people you would meet no other way.Patience must be administered daily as you will see many opportunities to turn away from a work at home career that you may love. Remember it will take time to build a great business. The goal of every business owner should be to add customers every day to your business. If you will use this as your measure of success in the beginning of your home based business it will grow exponentially. If you use profit as your yard stick you will find yourself not spending needed money to maintain a profit.If you add 5 new customers to your business every day the first 2 years, you will have created 3650 loyal followers of your company. So keep track of who your customer are and find reasons to communicate with them. And if you can average generating $10 in profit off of each customer you nave every month your home based business will not just survive but will thrive.Persistence is important to building a network of customers that will promote you. You must be involved every day in helping build a home based business that your friends and customers want to promote. Your customer base can be the engine that keeps your business growing and not cost you money in advertising. One of my current businesses is a residual based business that works with brick and mortar businesses. I get paid monthly from these merchants for the services that we provide. About 2 years ago I finally could not find the time to go out and recruit customers on my own because of the number of leads that my customer base was giving me. I now have a personal assistant that helps me take care of these leads.Showing up every day and build your business every day no matter where you may be will lead you to success. Never stop never quit growing your work home based business. You will love to work at home.The find out more success secrets check out my resource box below.
Facts About Small Business
Everyone agrees on a broad level that small businesses are vital to the American economy. However, most people would be surprised to know just how important. The United States Small Business Administration keeps records and statistics on small business in the United States and some of their findings are surprising.
First, the typical perception of a small business as a mom and pop operation with just a few, if any, employees is not the entire picture. The Small Business Administration defines a small business as an independently business with less than 500 employees. There are an estimated 23 million businesses in the United States that meet that classification. In some smaller towns in the United States, these businesses represent a major source of employment.
In fact, small businesses as defined by the Small Business Administration represent 99.7 percent of all the employers in the country and employ half of all private sector employees. More than 45% of the private sector payroll is generated by small business. Over the last decade small businesses have accounted for 60 to 80% of all new jobs created on an annual basis.
Although a large percentage of small businesses are in the retail and service sectors, small businesses are rapidly making gains in the technology sector. 41% of high tech workers like engineers, scientists and computer programmers are employed by small businesses. Employees at small businesses produce 13 to 14 times more patents than those employed by larger companies.
The Small Business Administration also offers some interesting observations on small business survival. Two-thirds of small businesses survive for at least two years declining to 44% after four years. Most of the factors that support a small business surviving are well known, such as access to capital and owner’s education level. However, a lesser known factor in small business survival is that the business is large enough to have employees.
Similarly, barriers to starting a small business include lack of access to start-up capital and lack of education. However, the number one barrier to small business start up and a primary concern of existing small business owners is access to private health insurance. Individual health insurance for sole proprietors is much more expensive than receiving coverage through an employer. If a small business owner is able to offer health insurance to its employees, the administrative and premium costs are often much higher than those for larger businesses.