Tips for Choosing a Home-Based Business

 

The market is wide open and the demand for working from home is getting more and more popular. With many people suddenly finding themselves unemployed because of changes in their work place, many more are also looking at the idea of working from home.

A home internet business is one that is conducted out of your home, using a website in order to attract and interact with customers. Starting such a business can be an exciting and relatively low-cost way to make extra money or launch a new career, whether you are providing services online or using a website to market your products or skills. Despite the advantages, starting a home internet business is difficult, and most internet businesses fail.   To make yours a success, you will need a clear plan, a polished website, and an effective marketing strategy.

Starting a business from home allows you to save money on office overhead — check with the local zoning officials to make sure your home can be used for commercial purposes.   Now that you’ve decided that a home-based business is for you, where do you start? There are so many opportunities for home-based businesses, how do you decide which to choose?

Your first consideration should be if the company has consumable products.   If you sell mattresses, you will need many more customers than if you sell soap or toothpaste.   Pick a company with consumable products so that your customers will be repeat customers.

To decide on a product or service, look to your unique abilities, training, or experience. Ask yourself how you can utilize these things to create a product or service that creates value better for customers than your potential competition.

Your home-based business should be something that you are passionate about and love to do. Find a company with products that you will be using. By using the products, you develop your personal belief system in the products and the company.   As your personal belief system grows, your testimonial about the products and company will be more believable.

Are the products of a good quality and affordable?   The more expensive the products are, the more your market will be limited. Choose products that offer good value and in a price range that the majority of the public can afford.  This will give you the largest possible customer base to draw from.

Consider the start up costs of your home-based business. Also look at the cost of maintaining the business.   Are there quotas to maintain?   The last thing you need is to end up with a lot of stock that you have already paid for and now have to store until it can be sold.

Consider how much time you are willing to put into your business.   Some businesses are easier to do as part-time businesses than others.

Do your homework!   Before you make your final decision, make sure that you have done your investigation of the company or companies that you are considering.   You will be forming a business relationship with this company, therefore ensure that the company is solid financially and has sound business practices. If you need questions answered or need support, is a “real person” available?   There are times when searching through a list of FAQ’s (frequently asked questions) just doesn’t work.  Plus, it’s good to develop a working relationship with people in the company that you are doing business with.

Once your business is selected, and you know what is needed, then preparation needs to be started. Of course you want to do it right, so, with your budget in mind, start getting ready to open those doors for business.  Don’t forget your website, and also the advertising.

 

Judy Curtis
Developer

 

Is It Time for a Home-Based Business?

 

In today’s economy, it’s hard for a large majority of the population to make ends meet.   Everywhere we look our expenses creep upwards while our income lags behind.   One salary households struggle to get through the month and have been known to “rob Peter to pay Paul”.   Even in households with two salaries coming in, there are times when there is more month than money!

Juggling the family finances can at times be trying.   What’s the answer?   Perhaps a second job . . . It’s an option if you don’t mind giving up some family time for additional work time.   Try paring back the expenses , if that can be done.   Stretch your dollars as far as you can. Go through the storage bins and closets and have a yard sale or advertise items online as that could bring in some extra cash.   Most of us have been around this block at one time or another!

Enter the technological age with all the advances in how we connect with our world. The portability of an office is at hand in the form of smartphones and tablets. Business can be conducted from any location as long as a phone and internet connection are available.    Given the ease in which you can conduct business using modern technology, it is not a wonder that the number of households with home-based businesses have shot up substantially in the last few years.

Whether a person starts a home-based business on a part-time basis or whether a person jumps right into full time at the onset, there are many advantages.   Among these perks are personal freedom and independence. Time spent in traffic can be redirected towards spending more time with family. There are no bosses, no dress code, no set work schedule, and no office politics to deal with.    Personal drive, discipline, and time-management skills are required.

There are tax advantages to having a home-based business.   A percentage of most household bills including mortgage or rent, utilities, property taxes, insurance, phone and internet bills can be deducted based on the percentage of your house that is used for your home office. Be sure to follow the Tax Guides for Small Businesses as set out by the Government.   Any improvements or repairs to your home office are also deductible business expenses. Be sure and keep all receipts.

Many home-based business expenses are tax deductible including tax preparation fees for your home-based business; education expenses for classes you take to improve your business skills; software and office supplies purchased to use for your business, and transportation used for business purposes (deduct expense for mileage traveled for business at a per mile/km amount).   All items you need to conduct your business are deductible.

There are other positives when considering a home-based business.   Start up costs of a home-based business are considerably less when compared to starting a brick & mortar business or owning a franchise.     You get to expand your skills as you deal with all aspects of running a business. You get to set your own schedule therefore it will be a little less stressful when having to juggle demands of work and family. You are rewarded as the harder you work, the more money you can make.

There are a multitude of home-based businesses to choose from so be prepared to spend some time and effort checking out the opportunities before deciding which opportunity to pursue. Be sure to take into consideration your lifestyle. Think about whether you would want to be able to conduct your business from more than one location; if not now, perhaps in the future.   Plan ahead.   It’s just as easy to choose a business that can be conducted primarily over the internet than a business that requires a more permanent location.

In this day and age of the entrepreneur;   why not give starting a home-based business some thought . . . it may be just what you need!

 

Judy Curtis
Developer

 

What About Affiliate Marketing?

 

Affiliate marketing can be a great way for a person or business to make money online. Affiliate marketing is very often over looked but affiliate marketing can be a win-win for every party involved. Affiliate marketing helps out every party in a variety of ways. Many people do not have the means to build a large business and they most likely do not have the name recognition many of the larger companies have. So affiliate marketing can make sense for someone looking to make money online because they are normally given all of the marketing tools needed to market the company, such as banners, links, and signature links.  All they have to do is drive traffic to their links or banners.  Normally most companies pay out about 10% of the total sales per customer, with some companies paying as high as 25%.

Companies love having people join up as affiliates since it is like free advertising for the company.  Affiliate marketing can be great for a business because affiliate marketing will help produce sales. Many Fortune 500 companies use affiliate marketing as a way to help increase sales. What makes affiliate marketing so great for so many businesses is the benefits offered through affiliate marketing. You can literally have hundreds of thousands of marketers selling your product for you, at no cost to you. All you do is pay a percentage when they do make a sale. That is pure profit, plus having affiliates sell your product does not come with the headaches of having employees. One thing to remember  —  the better you take care of your affiliates, the better affiliates you will have selling for you. Some companies offer huge bonuses, cars, and vacations to their top affiliates.

In order to make a lot of money as an affiliate you must have one of two things. You must have a lot of traffic and clicks going to your links and banners. Or you must sell high ticket items or work for companies which give out a nice affiliate percentage.  Affiliate marketing can make you a lot of money but it does take work, it is not something that happens overnight.  It’s now a sophisticated channel that generates anywhere from 5% to 25% of online sales for many of the world’s biggest brands.

Is there a demand for affiliate marketers today? Yes, there is a huge demand. One of the challenges faced in the affiliate marketing industry is that it sometimes sounds too good to be true: advertising that’s guaranteed to work or it’s free!  Newcomers wonder if it’s possible, and skeptics claim that the cost effective prices of affiliate marketing lower the bar for online advertising. But there is a good reason that affiliate marketing has experienced steady growth throughout the ups and downs of online advertising—it works. And affiliate marketing has evolved to become a reliable source of sales for a wide range of marketers.

Almost all major multi-channel marketers have an affiliate program of some kind. The important thing to remember is that affiliate programs now come in all shapes and sizes.  Nearly all marketers agree that affiliates add value to an online marketing effort, but the program must be tailored to meet the marketer’s objectives.  Affiliate marketing has evolved, with affiliates and marketers becoming more sophisticated and programs more integrated with other forms of online marketing.

Affiliate marketing is a great way to earn money whether you are a marketer or a business. You should take full advantage of the benefits of affiliate marketing.

Judy Curtis,

Contributor

 

 

 

Learn How Entrepreneurs Make Millions

 

There are three basic ways of earning money which include trading time for money, trading money for money and trading expertise/value for money. Society and the formal education system promote the first method of earning money which involves trading time for money. In other words, you work for someone else for a specific amount of time and then they pay you. You have a JOB!  Working for someone else drains your energy and you don’t make much money.

The second way to earn money is utilized by a small portion of the population and involves trading money for money. In other words, you are earning money through investing. Investing can be risky; and if you lack additional funds then how can you invest any money in the first place? Therefore, many people can’t even try this option because they only have enough money to meet monthly expenses.

The third way to earn money is the best option. This entrepreneurial option involves trading expertise/value for money. This is the strategy of entrepreneurial experts. You have a flexible schedule, work less, and earn more. You can make thousands of dollars a day in this option.

In order to earn money through trading expertise/value for money you need to first figure out who you are and what you can give to others. What information do you know that could help others? You can find value from previous work experience or even from your hobbies. From this you can create your intellectual property.

What is Intellectual property? How big is the market for Intellectual property? Is there room for you in the Intellectual property market? These may be a few of the questions you have when you are investigating the information marketing business. First of all, anyone can create intellectual property. You don’t need to be a Rocket Scientist. You just need to have an area or expertise, or access to an expert, and a drive to succeed.

Intellectual property combines e-commerce and book publishing. For example, you can write and sell an eBook. Recent research has found that approximately 6 out of every 10 American adults surf the Internet on a daily basis seeking out entertainment, education, and to shop for products. People are more comfortable buying online than in the past. The market through the Internet is global and encompasses millions of people. Therefore, the information marketing business has room for everyone!  When you market on the Internet, you market to your niche. Therefore, you don’t have to worry whether or not your neighbor will want to buy your product. The Internet opens the niche market for you.

If creating and selling intellectual property on the Internet is so simple, why isn’t everyone doing this? The formal educational system and previous societal beliefs are to blame. In school, we are taught to finish school and then become an employee at a company. The entrepreneurial spirit is not promoted; in fact it is almost shunned. Don’t let societal beliefs stop you. The intellectual property market is wide, diverse, and ready to fill your pocket book with cash.

Now is the rise of the entrepreneur. More and more people are finding out that home based businesses are the best way for an entrepreneur to go. Home based businesses are preferred by entrepreneurs because they require the least capital. In most cases of home based businesses, you require very little capital as you don’t really have to rent office space. Just think about all of the money you will be able to save by bringing your business home.

Judy Curtis,

Contributor

 

Do Blogs Bring in More Traffic?

The Blog!  Blogs are popping up everywhere. Your favorite website has one. Your favorite television show has one. Even your teenager has one.   Blogs  —  What are they? Why are they everywhere you look?

Most simply put, blogs are like journals.  Instead of being made of the paper and cardboard kept secret by an even thinner piece of cardboard and a lock your baby brother frequently opened with a paperclip, these journals are online.  Why does it seem like everyone has one?  Well, because almost everyone does; and there is a good reason. Blogs can be used as journals, both private and public; they can be used as ways for fans to discuss the latest episode of their favorite show; or they can be used by major companies, especially those that are Internet-based, because unlike the traditional forms of advertising, blogs bring in more traffic.

For business purposes, there are many ways companies use blogs. For example, a company may have several blogs on its website, each one dedicated to something different: customer concerns, product updates, etc. In addition to being helpful to customers and other website visitors, these blogs bring in more traffic to the website.  Depending on the website, more traffic usually means more money.

So, how exactly do blogs bring in more traffic? The search engine visits your page more each time you update, ultimately moving your blog higher and higher on the SERPs (Search Engine Results Page).

Some pointers? First, the blogger will need to decide what he or she is going to write about. Choose a popular topic, one that people are interested in. Underwater Basket Weaving wouldn’t be a very wise choice as not many people seem to be interested in it. Unless, of course, you’re business is underwater basket weaving, in which case you should by all means write about it. Next, focus on some keywords; these are the words that search engines are going to pick up on. Don’t overdo it with keywords in your blog, but use them whenever you effectively can. Lastly, make sure you write content that will attract, and keep, a strong readership. You want your readers to keep coming back, right?

Go ahead, join the millions of people and businesses alike. Get yourself a blog.  Or corner your boss and suggest writing one for your company.  Explain how blogs bring in more traffic, more traffic means more money!

Judy Curtis,

Contributor

 

Why Markethive? My Why!

WHY AM I INVOLVED IN MARKETHIVE?    In 2 words “my granddaughters”.

I first met Tom Prendergast back in the mid-1990’s, through his company “Veretekk”. At that time I was still in the work force and had limited time to spend on the computer learning how Veretekk worked. I found Veretekk to be very complicated to use, and I knew very little of the technical things involved with the internet at that time.

When Tom first explained the concept of Markethive, I was very interested because he explained that the platform would be much more intuitive and easier to use in comparison with Veretekk. PLUS, there was a component where an investment made to help build Markethive would pay off in long term income in the future. I had been looking for some way to create a residual income once I reached retirement, because I knew that my meager pension would not be enough to live on comfortably.

My “why” is my granddaughters. They live in Chilliwack, BC and it is my greatest desire to have the financial resources to move to Chilliwack. I want to be involved in those little girls’ lives, be a hands on grandma, and be there to enjoy all aspects of their lives. My grandmother was a huge influence in my life, we had a wonderful relationship, and she was the person that shared her crafty talents with me. I want that same type of relationship with my granddaughters.

My passion has always been sewing and now that I’ve reached retirement, I have the time to spend sewing. My goal is to have the financial resources to purchase supplies so that I can sew quilts to donate to women and children in need; and I want to share this with my granddaughter’s and hopefully teach them the art of sewing so that they can also enjoy a life-long hobby of sewing!

Judy Curtis