XonMarketing.com | Blog of Experienced Marketer

Every day thousands of people look for a home business out of the need to help with the stack of bills that see to arrive everyday, pay off their increasing credit card debt or to have more time with the people they care the most. I know, I was one of those people.

There are countless Internet Businesses, MLMs, Direct Sale Businesses and Network Marketing Businesses out there, and more are popping up every year. What most people don’t know is, the average lifespan of a home based business company is less than two years, so when they close their doors (or change their company name to avoid legal issues) the home business owner feels betrayed and enraged because they were lied to and now are deeper in the debt sinkhole.

Before you’re roped into this group, take some time to ask yourself exactly what you want in a home business before joining. There’s more too it than wondering, “Which company can make me super rich quick?”.

Here’s a list of things you need to consider before you enter your credit card information and buy a ticket for the get rich bus:

1. Start Up and Continuation Cost

a. Is it affordable for you now to start a home business with the company you want?
b. Most businesses have a monthly membership. Can you afford to stay with the company after one month? Two months? A year?
c. Are there any extra costs involved to be successful with the business?
d. Does the business provide a budget plan for you so you don’t overspend?
e. Does the business provide a refund if you decide not to quit?

2. Compensation Plan

a. What percentage of commission do you earn from the product(s)/service(s)?
b. Can you earn commissions with your business more than one way?
c. How often do you get paid for your business? Weekly? Monthly? Yearly?!
d. Does the product(s)/service(s) have to be kept by the customer for a certain amount of time before you receive your commission?
e. If the customer wants a refund for the product(s)/service(s), do you have to pay back your commission?
f. Is there a limit to how much you can make in a week? Month? Year?
g. Are there extras (bonuses, trips, vehicles) for being a top earner or making/breaking sales records?

3. Support

a. Are you given a mentor, upline or support team you can contact if you have a problem, question or concern?
b. Does the business have a website where other people have voice the same problems, questions or concerns?
c. Does the business have a toll free number you can contact?
d. How quick (or slow) does the business respond to your problems, questions or concerns?
e. Does their response satisfy your issues or leave you even more troubled?

4. Product Marketability

a. Does the business provide a website to market their product(s)/service(s) or do you have to build your own?
b. Does the business have brochures, CDs, or DVDs to for you to build your business?
c. Are you allowed to market their product(s)/service(s) as well as any you may have?
d. Are you allowed market affiliate product(s)/service(s) with the company product(s)/service(s) or do you have to achieve a certain level in their business before you are allowed?
e. Do you have to attend meetings to be a part of the business or market their product(s)/service(s)?

5. Training

a. Does the business have a training program? How long is the training?
b. Does the business have a training website that is easy to navigate and learn?
c. Does the business provide live training calls, webinars, videos, CDs, DVDs or books for your training?
d. If your sponsor quits, what will happen to you?
e. How soon will your business start making a profit when your training is finished?

6. Success Record

a. How long has the company been in business?
b. How soon (or long) were they established before they showed a profit?
c. Are they still making a profit today?
d. Are the chairmen people with successful business backgrounds or do they have a negative record?
e. Is the business privately owned or is it being traded on Wall Street?
f. Does the business promote a benefit, charity or non-profit organization? Did they create their own?

This is list of questions you NEED to ask the representative of the company you want to join. If they can’t give you an answer, then speak to someone in the business who can. If that person can’t answer your questions, you need to keep looking.

Finding a home business is the same as buying a new pair of shoes. If they are a good fit then you should be able to wear them everyday for as long as they serve their purpose. If they cause more pain than pleasure, then you should be able to return them for a refund, or throw them away without any hard feelings.

I hope you found this article helpful in your decision as to what you should look for in home business.

Cheers!

Scott G.
E-Business Expert

So, you’ve just made the decision to start up a business. Starting up a business is an exciting time when you’re filled with energy and enthusiasm.

Congratulations! Now come the inevitable questions and doubts.

+ Do I have enough money to start up my business? + Should I take out a loan right now? + Am I qualified for this business?

These are the three powerful questions most new business owner asks. If you’re asking them right now, you don’t have to let them stop you from moving forward. Instead, address these challenges head-on by implementing the following crucial start-up solutions.

1. Do I have enough money to start up my business?

As a small business coach, I see new business owners fail at dealing with this question more than any other. And with good reason. They just don’t know how much it will cost to start up or how long it will be before their new business starts making money.

Problem: One of the reasons this is so difficult to calculate is because starting up a home-based business will have different start-up requirements than opening, for example, a cupcake store.

Solution: No matter what type of business you’re starting, these are the most common start-up business expenses that both home-based and store-based businesses need to calculate:

+ Equipment – Every start-up has some equipment needs. Make sure you compute these for up to five years.

+ Space – Whether you use your home or an office, you need business space. Even if you have a home business office, be sure to factor in an increase in phone, Internet, and utility bills.

+ Marketing – Be sure to include additional cell phone time, business cards, advertising, flyers, printer ink, web hosting, and paper.

+ Networking – Make sure you factor in the cost of joining and attending local and regional networking events for the next five years.

+ Transportation – Will there be a change in your transportation or traveling needs? More gas, less gas? New vehicle?

+ Filing fees – Will your business be a DBA, LLC, NPO, or Corporation? Does your new business require local, state, or national licenses? In any event, you’ll have filing fees.

+ Banking – You’ll need to have a business account at a bank if you want to accept checks and credit card payments under your new business name. Don’t run your new business through your personal account.

+ Credit Card Processing – Merchant accounts, using PayPal, and even credit card swipe machines all cost money.

+ Continuing Education – What classes, training, and books do you need over the next five years to make you and your business successful?

+ Professional Services – You’ll need a CPA to get your books set up properly, an attorney to draft your contracts, and a business coach to help see you through the start-up process. Don’t skimp here.

2. Should I get a loan right now?

Whatever you do, don’t take out a loan to get your new business started up unless you have a guaranteed client or customer base to start with. Why? Because a loan is debt. And to start out your business with debt spells disaster, unless you have clients and customers waiting in the wings.

Problem: During our current recession economy, I’ve seen far too many businesses go belly-up because people relied on loans and other soft monies to start up, only to blow through that money without giving a thought to securing a client base beforehand.

Solution: Secure your client and customer base first, before you start up. Next, calculate your start-up expenses, plus five years, based on your guaranteed sales. This way, your start-up expenses will be manageable and you won’t need a loan!

3. Am I qualified for this business?

One of the things I counsel my clients against is starting up a new business that is more than two degrees different from anything else they’ve done before in their life or career. That’s because if you extend beyond three degrees it is likely that you’ll end up feeling overwhelmed with all that you’ll need to learn and do just to get up-to-speed.

Problem: You like helping people and running errands, so you want to start your own concierge business. It might surprise you to hear, though, that that may not be a close enough match to bridge easily. Certainly, being a “people person” is critical. However, you also need to know the surrounding area in which you work and all of the amenities offered. Are you good at multi-tasking? How good are your listening and communication skills? Do you have any experience owning a business or managing people? You also may need to be certified in certain areas, such as travel and hospitality.

Solution: One of the challenges of starting up a new business is making sure you have enough existing skills and experience in place to make a good fit for your new business. In this day and age you must be qualified, in the now!

Starting up a business is an exciting time when you’re filled with energy and enthusiasm. There are also some common temptations to watch out for during this time, including failing to properly calculate start-up costs, depending on a loan to start up, and taking on more than you’re qualified to handle. The good news is you can deal with these challenges simply and easily by implementing these crucial start-up solutions. If you do, you’ll bypass the three catastrophic mistakes most new business owners make and get off to a flying start.

Free business grant – Find Business Start up Grants

Several free small business grants are provided by the government for the business-minded person. If you think you have a profitable business or that your business needs additional funding for expansion then several free small business grants are available to cater to your financial needs.Visit to here - http://www.businessstartupgrants.info

One of these free small business grants is the program of The Department of Homeland Security (DHS). This free small business grants program by DHS seeks innovative ideas and inventions on security-related products. The award for those who will successfully hurdle the competition is $100,000 for six months to fund research that will prove the scientific, technical and commercial value of their concept. If DHS approves of their ideas, the companies can expect a two-year $750,000 free business grants to be spent on making functioning stereotype of the product.

The DHS free small business grants program is funded by the Small Business Innovation Research. To qualify for this free business grants, one must be a U.S.-based company with 500 or fewer employees. Proposals submitted for this free small business grants program should focus on the following areas: chemical and biological defense, information technology and marine security.Other free business grants that you can avail of can probably be found right in your state. The federal government though, does not as a rule, provide for free business grants. But a number of state-run development agencies do provide free business grants among other things to those interested in going into business. These state-run economic development agencies that give free business grants can be found in Kansas, Nebraska, New Hampshire, New Mexico and Utah. The rest of the states offer financing, incentives, support and technical training services to budding entrepreneurs and practicing businessmen alike.

The U.S. government’s Small Business Administration (SBA) was established in 1953 to address specific business needs. Free business grants are not available in Small business Administration but they do offer valuable assistance from conceptualizing the business to technical support and training to advices in making the business grow. SBA also extends attractive loan packages to people who want to start or expand business. SBA can be found in every state. And it has worked with several non-profit, lending, educational and training organizations nationwide. Business is a factor that help spurs the U.S. economy.

It provides employment to people. It provides the much-needed taxes to the government. And make economic progress possible. Businesses need all the support the government can give. Free business grants could be valuable tools in making the business grow. With free business grants, a door of opportunities has opened for those who want to try their hand in business at Free business grant – Find Business Start up Grants.

Incoming search terms:

• find address to free business grants

Starting a business from home is easy when you learn to use the secret that successful business people have mastered throughout the years. Using the Law of Attraction in your home business catapults your success in many ways.

SUCCESSFUL VISUALIZATION: When starting a business from home, one of the first things necessary is to have a vision of what you want for your life and how you want your business to run. Having this inner vision ensures that you not only stay on track with your new endeavor, but also invokes one of the greatest laws of the Universe, the Law of Attraction. This enables you to attract everything you need on how to start a home business.

While many people discuss the Law of Attraction, there are two critical factors you must use when visualizing your home business success:

First, in order to manifest anything, you have to come from a place of true desire for your life in general. When you can visually see and emotionally feel how you want your life to be overall, then your business choices will fall into place naturally.

Secondly, the true way to use the Law of Attraction is by feeling that you have already attained your business success before you start. When you feel your success on an emotional level and believe your success is possible, you have mastered starting a business that will succeed.

VISION BOARD: One of the main benefits of starting a business at home is that you have full control over your working time and space. So, putting up a vision board and using daily visualization exercises that allow you to access your emotional feelings of having a successful business is easy and gives you a visual boost every day. If you can’t find pictures, draw or sketch out your internal images. This fun act has already begun the manifestation process simply because now your dreams are on paper.

LAW OF ATTRACTION BUSINESS: Another thing to consider when starting a business from home and using the Law of Attraction is to start a Law of Attraction Business. Just like a painter becomes well versed with painting techniques, so you will become well versed with how to successfully use the Law of Attraction. Successful business people, whether they are starting a business at home or in the corporate world, know how important it is to choose a profitable business model and a Law of Attraction Business can be highly profitable.

LEVERAGING TODAY’S TECHNOLOGIES: When you are asking how to start a business from home and want to work part-time and still maintain high profitability, it is of high value to consider leveraging technologies such as automated online marketing systems that do the bulk of the administrative work for you. Many times, when people think about starting a business from home, they consider doing home parties and keeping an inventory of product available – usually in their garage or spare bedroom. When you harness the power of the Internet for your home business and sell a product that is deliverable over the Internet, you have captured one of the hottest trends in business today.

If you couple the Internet technology with the personal development industry by selling self-help, positive thinking or other personal development products, you will have stumbled upon an industry that is experiencing phenomenal growth, yet be able to keep your life in balance and work part-time.

HOW TO START A HOME BUSINESS CHECKLIST:

HAVE A VISION: First, get clear on what you want for your life in general. In other words, what are your life priorities? Then, shop around for a high profit business that resonates with your internal values rather than just doing a business “for the money.” If your heart isn’t in the business, any financial gain won’t be as satisfying as that profit gained from a business where you have a vision and a purpose.

HAVE REALISTIC GOALS: While many home business opportunities rely on the “get rich quick” theme, your best way to succeed is to take it slow and allow yourself time to go through the learning curve that goes with that business, especially if the company has provided an internet marketing system that leverages technology for you.

CHOOSE A HIGH PROFIT HOME BUSINESS: If you are going to spend your time going through the learning curve, make sure the business opportunity is one that pays high dollar amounts per sale versus pennies per person enrolled.

BE PERSISTENT: The only way you fail is if you give up. So keep going!

Starting a business from home is an exciting and challenging time. Visualize your ideal life, use your inner wisdom to find the right opportunity, leverage technology to ease your workload, and be persistent to stay the course.

 

 

Many people have dreams about going into business for themselves and quitting a job that seems to be going nowhere. Take control of their lives; buy things they have always wanted, save money, travel the world and live in financial freedom. Great and laudable dreams……uh  

Yet a lot of people are unable to take the first step into their desired world of business exploits, because of lack of knowledge on what it takes and how to go about running a business successfully. Those that do, end up in frustration, fatigue, debt and failure.

 

To know how to succeed you need to find out why so many people fail in business.

 

Study shows that, four out every five businesses will fail within their first five years. And of those remaining, four out of five will also fail within next the four years.

 

 

Solomon in the Bible, a man reputed for his wisdom and high level of business and financial success has this to say:

 

“The labour of the foolish wearieth every one of them, because he knoweth not how to go to the city”. Eccl 10:15

Business skill makes the difference

The reason for frustration and high rate of failures in start-up businesses is the lack of business skill. Most people don’t have, and never build, the most basic business and management skills. The go out in a haste to start their business. If you’re not effectively prepared and equipped for the business world then failure is inevitable.

 

There is the how to running a successful business. Technical skills in a profession or career are no substitute for business skill. That you’re a good accountant, doctor, and lawyer is no guarantee that you will succeed in business without business skill.

It’s important to know that it’s not as a great technician, but as a great business entrepreneur that you will create your success.

Running a business is a specialized technical skill on its own, which must be learnt like any other skills. It is a skill very few learn before going into business.

 

Starting and running your own business could be fun and fulfilling if you know how to go about.

 

Business skill can be acquired

The good news is that all business skills can be leant. All it will take is your willingness to pay the price of acquiring the needed skills.

Friend, there is no prize without a price!

 

There are only two things you can invest: time and money. Since most people do not invest much time, they lose their money. It is in spending time learning about money, business, finance and wealth, attending many seminars, listening to many tapes and CDs, reading business book. And also by finding a mentor and becoming an apprentice.

 

 

You need tobuild skills in the art of acquiring, satisfying and keeping customers. You need to know how to build and manage systems that will keep your business running on automatic.

 

Being in business is not all glitz and glamour. It’s a constant battle to overcome problems and obstacle. Your problem solving skills must be sharpened, because doing business is all about solving problems.

To invest all your money setting up an office—rents, furniture, computers, business cards, and letterheads without given attention to the basic skill that will make it all produce the desired result, will be effort in futility.

These are not what you really need to have a successful business…. Yes, they are cool; they are what a business man should hope to have. But they are not the greatest factor in business success. Your business skill is what makes the difference.

“I did not have the formal business school education…… but I knew not having an education was a handicap. Instead, I focused a lot of time and money getting my financial education outside the traditional halls of learning. I attended many seminars, listened to many tapes and CDs, read business books and made it a practice to teach what I learned … because teaching is one of the best ways to learn. I also learned by finding a mentor and becoming an apprentice, just as my rich dad was a mentor to me and I was an apprentice to him……. I love learning about money, business, finance and wealth. I will probably be a student until the day I die. I do not think I will ever feel I know enough, or that my cup is full or that I have all the answers. I can always learn more and love doing so”- Robert Kiyosaki

Friend, the ball is in your court, make the most of it. Go out there and build the necessary business skills that will enhance your success in the world of business.

You can create the business and financial world you desire if you will go out there and give it a GO.