Tuesday, August 18, 2009

Your Home Business: Turning Pennies Into Dollars

Your Home Business: Turning Pennies into Dollars

Copyright © Stone Evans,

Henry Ford taught us that to simplify the manufacture of automobiles, that the best way to do so was to install the assembly line. That one change revolutionized the auto manufacturing industry permitting the industry to build cars at a cost whereas the average person could afford to buy one.

The lesson we should take from this is that having the ability to improve the process of getting the job quicker and cheaper, without compromising the quality of the job being done, will help catapult the person who simplified the process to the top of his/her field.

Pennies saved in your home business can turn into dollars at the end of the day, and dollars can quickly multiply into hundreds or thousands of dollars over time.

Doubt me if you will, but let me ask you a question. Do you think a saving of two fifths of a penny could make any real difference in the profit margin of a home business? Of course the right answer is "it depends on how many transactions are done in a year, utilizing the savings of the two fifths of one penny."You only have to think back a couple of decades to really appreciate this question. Do you remember the nut that lived and died in a Las Vegas hotel room?

You know the one who was a billionaire, and was so worried about germs that he died of starvation? If you guessed Howard Hughes (1905-76), pat yourself on the back.

Now Howard did not make all of his money on his two fifths of one penny. He did however make a ton of money from his two fifths of one penny. It seems Howard owned a can manufacturing company. And one day, Howard`s team figured out how they could make one minor change in the design of their food can to reduce the amount of tin necessary to make a single can.

As the story goes --- if my memory serves me correctly --- the reduction in tin usage equaled a saving of two fifths of one penny per can. Howard --- being the really smart businessman that he was --- decided that he would not be so greedy as to keep all of the savings for himself. What Mr. Hughes did do was to keep half of the savings for himself, and give the other half to his customers. The incredible thing about Mr. Hughes decision is that by saving his customers an extra one fifths of one cent per can, he managed to take more market share away from his competition --- netting his company an additional and substantial portion of the total market share in the canning industry.

Let us return our thoughts to your home business. Have you ever gotten the feeling of excitement --- when you read something or thought of something --- that you could not wait to implement this new idea? This could be one of those moments...

In every home business, there are certain processes that we do over and again. Sometimes it may be possible to trim the time or expense of a process which in turn will add pennies or dollars to your bottom line. If it is a process that you do hundreds or thousands of times per month, then your savings will multiply into hundreds or thousands of dollars in monthly savings.

Imagine what running a home business was like BEFORE the computer...Before the personal computer, we had to hand type all letters and invoices. Now, we can setup a letter or invoice that we send out quite often, and we can save it in our word processor so that when we need to use it again, we can print it quickly and efficiently. There is no longer a need to type the document again from scratch.

The computer has simplified our business communications and has provided us the opportunity to reduce our costs of doing business.

Think about all of the other processes that the computer has enabled us to do for far less expense than what we could in the past.

In this case, the computer is a tool that permits us to save time and money.

So, my challenge to you is to begin examining the processes in your own home business and look for ways in which you can save yourself time and money. It is far better for you to contemplate on this matter than it is for me to do so for you. Simply put, you know your business better than anyone on the planet does. Therefore, you are in a better position than anyone to find those extra dollars that will decrease your costs and increase your profits.

The extra pennies and dollars you could extract from your business could spell the difference between success and failure for your home business enterprise.

Author: Stone Evans

Wednesday, June 24, 2009

PROS AND CONS OF MLM BUSINESS

Setting out for business is the foundation for success.
It is highly imperative that you have thorough knowledge of the venture before you make a move.

This write up was sent to me by a friend on request and I see it a benefit for you. To prevent you from problems in the business. Go through this before you sign up for any MLM Business.

Happy reading.

PROS & CONS OF MLM
Copyright © 2009 Judy Thompson

In today’s world of high-speed Internet, fast-foods, and super efficiency, the home-based business market is growing by leaps and bounds. While there are many types of businesses that people can do, working from the comfort and convenience of home, this article will focus on the pros and cons of multi-level marketing (MLM), also known as network marketing.

MLM can offer a person a wonderful lifestyle. Why is it, though, that an incredibly number of people fail to find success, even after years of working hard at their businesses? I have personally seen people who are far more intelligent than me, and who have been a lot more successful in their careers than me, fail miserably at network marketing!

Perhaps, the following lists of many of the advantages and disadvantages of network marketing will help you determine whether or not you should even consider pursuing this type of home-based business.

MLM PROS – Possible Reasons that MLM Could Be a Great Business For You!

1. Usually start-up costs are low.
2. Many of the highest-quality products are manufactured by MLM companies.
3. You can work it part time if you choose, which allows you to work a job full time and work your MLM business in your spare time.
4. You can work from your home.
5. Your business expenses will be deductible from your income tax.
6. You will be your own boss. 7. You choose which hours you want to work.
8. You may develop a small extra income or possibly even a very large income, allowing you to quit your job, or have a great retirement.
9. Your income will be a “residual” income, which will come to you month-after-month, year-after-year.
10. You will have time freedom.
11. You will meet many like-minded people.

MLM CONS – Possible Reasons that MLM Should NOT Be the Business For You!
1. At first you could work very, very hard without making any money!
2. The ease of start-up can cause people to get into several companies, with the mistaken belief that they can easily develop several income streams. This causes a lack of focus and makes the person far more likely to fail.
3. The products could be overpriced and it may be difficult to determine whether they are any better than you could purchase at a discount store.
4. People may look at what is possible to make with MLM instead of what is likely to happen. There are a lot of very inaccurate “get-rich quick” claims out there. When success doesn’t come quickly, a person may be more likely to quit and join something else.
5. It can be very hard to distinguish a legitimate company or opportunity from a scam.
6. Many people do not seem to realize that it takes time and money to build a solid business.
7. Ideally, MLM is based on everyone doing a little bit. In reality, most people don’t do their part, making it necessary for the few workers to work much harder to find any amount of success!
8. The failure rate is extremely high.
9. As in any business, to succeed with MLM takes a lot of dedication.
10. Unlike a job where you may punch a clock or have a certain number of hours to work each day, no one is requiring you to do anything with your MLM business. YOU must be the one to decide to work it, or invest your money into advertising. It takes true self-discipline!
11. Your family and friends may not at all understand what you are trying to accomplish. Hopefully, you will get very helpful support from others, but realize that they may not support you at all, no matter how dedicated you are!

I suppose that both the PROS and the CONS list could go on and on, but perhaps, you see the picture. If you are a person who can visualize some awesome long-term goals for success, and have the dedication and self-discipline to do whatever it takes, network marketing or MLM could provide you some of the greatest benefits you can imagine. It may very well be worth extremely-hard work and sacrifices in order to realize your dreams.

On the other hand, you may not be cut out for this kind of business. Jumping in and out of one business opportunity to the next will not be what you need. If you do not have the dedication and self-discipline to persevere through the disappointments that you will probably encounter, then I think you should steer clear of MLM.

I hope you really enjoy it.

To your success,
Lanre

Thursday, June 18, 2009

Building a Small Business in Recessed Time

You may be looking for a means to prevail over the big bull of economic meltdown and desiring to fire your boss. You have shown all seriousness in applying your effort but all to no avail. You may have a dream. Don’t allow it to die.

Here I present to you a sure way up to accomplish your life goal.

Are you seeking for employment, another source of income?

Why not employ yourself in a small way and watch your finance grow to multimillion?

There are thousand-and-one ways you can use to achieve that.

One of the best so far is to adopt the home based business solution to meet your personal needs and that of others while they pay you for life. Starting a home base business is very essential and it is easily set up on low cost budget. While maintaining your regular paid job, you can as well begin to raise your business to prevent financial crunch. You can aswell set goals of what you want to achieve in the business financially.

The decision to start is good and of great importance. It is a risk that must be calculatedly engaged. During the period of start up, it is very important that the health of your finance is strong to adopt and allow the health and growth of your home based business.

In a tight financial situation, what you need is to get out of your cage. You can start in small way using little or no capital. Borrowed money from friends or relative can do but not advisable to go on loan except soft loan with or little interest of less than 1%. You can operate very well on a part-time bases until your finance grow and then settle for full-time.

Doing your business in a consistence manner, with commitment to service of your clients and the upkeep of the business, maintaining credibility and honestly of purpose. The business will stand and grow to support and sustain itself.

When the financial status of the business is achieved according to your plan. You can them leave the paid job to focus on the business with more dedication and time.
The operation of home business and the maintenance make it very easy to be realistic and practicable.

The start up is of low risk. Therefore, starting with fear of failure should not be entertained. Otherwise, that can lead to psychological abnormalities, which can lead to business failure and bankruptcy.


What Are The Ingredients Of A Successful Home Based Business?

Your business must have the strength of continuity.
In odd times, there should be persistence. It must meet the need of people to which it is directed.

Make your business of high quality. In service or products. Buy low and sell high.

Make advertisement. Classified, word of mouth, handbills and fiers, etc. For services like office operations like typing, data entry, proofreading and sales letter writing, sales rep. etc.


Put you talents to task. Create a product and sell at good profits by taking to places where people are readily available for the purchase. Make your idea count. Write out in a book form as information product. Sales of infromation products is one of the greatest ventures both on line and offline.

Visit http://dailyextraincome.blogspot.com for details

CAUTION
To good home based business, good judgment is needed not to fall in the hands of duper that promise what is unachievable. Remember to shine your eyes and listen to your intuitive. It might be too good to be true yet embedded with some element of opportunity.

For more information an home based business, my contact is sobandey2k@yahoo.com



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Lanre Sobande
08023979864
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Wednesday, May 27, 2009

STARTING A HOME BUSINESS

In an economy that is recessed, you can only succeed if you refused to be recessed! This will serve as my reply to many of the questions asked me on how to survive economy meltdown.

Starting your own profitable home business is the answer. There are ten keys to starting a lasting profitable home based business in your spare time. Even while you are on your paid job. Create another stream of income to aviod financial crunch.

Making extra income from a home based business, certain things must be learnt and applied for effectiveness and sustainance.

These are the keys listed below.

1: Don't Think of Starting Afresh.

There is no point re-inventing the wheel. Starting from scratch is one of the hardest way to do anything. Inventors pass through much frustration, failed tests, and often ridicule. Atimes many could not accomplish their goal. It is better to improve on what others have done.

Look for a system that's already working. Then jump start into it and follow it through. But you need to look well before you invest. This will save you good money and time.Improve on what is already working and probably make it better.


2: Go for Personal Mentor.

Most people that succeed in life follow a mentor, a trainer, a coach. In fact, many of the best have two or three mentors.

Their jobs among others are:
One...to help you be the best you can possibly be.
Two...to instruct and guide you.
Three.... to encourage in difficult times.
Above all, they hold your hand on the way to success.

A mentor will help you chart your course to keep you on track. They'll take you from where you are today to where you to be tomorrow. The only problem is that real marketing trainers are hard to find, if you get one hold on to him!

Another important things is to keep on reading. "A reader is a leader" Find out how to get your own personal success mentor.


3: Build Residual Source of Income.

It is good to sell a product. Infact if you want to be financially okay, sell! But, find a way to earn a residual income from what you sell. Sell something today. Earn an income on it every month, every year and for the rest of your life.

This is how to achieve real wealth. Not by selling a one-time item or product and finding a new customer for it every day. Work an hour today and earn an income forever. You will be glad you did. Say it to yourself that you want to go to work tomorrow, then you want people to pay you for the rest of the year. People may laugh at you to scorn. Yet, the wealthy do this everyday of their lives.


4: Join a Mastermind group.

"Think and Grow Rich." is a successful book. If you don't own it, you should go over to a bookstore and buy a copy today.

One of it's bast principles is the Mastermind group. Every top leader and almost every millionaire takes part in a Mastermind group. By combining your talents and skills with others, you'll able to multiply everyone's efforts.

Every single person that wants to become more successful should see brainstorming as a path to success. I have my own Mastermind group and we currently have an opening for a couple more people if you're interested. (simply contact me: send mail to sobandey2k@yahoo.com subject: Mastermind Group)


5: Set Goals (Your Great Priority).

What do you think of leaving your home one good morning without having a destination? Going through life without a plan is sailing through life without a plan. Most people live on salary to salary all their lives. They hope Job Security will take care of them when they get older. That's a mistake. JOB (Just Over Broke) security isn't enough for people to live on today. It definitely will disappoint you when you have to rely on it.

You have to make a plan today...or you'll end up in desperation tomorrow. What do you thing? To stay where you are with an unending spiral...or turn the corner and experience the money, lifestyle, and dreams of your desire.

You can make money in information marketing. Planning to take action doesn't pay you but taking action does. This the reason why the rich continue to get richer and the poor getting even poorer.


6: Use of Autoresponder In Selling.

You know, the number one reason people can't make it in business is because they can't or don't like to sell. In fact, that used to be my people's problem. The solution is to simply set up an automatic selling system where lead generation, sifting, and selling is all done for you.

In fact, you can even have people trained in your business mostly on auto-pilot. Your job is simply to be there and be yourself. Never do any personal selling.


7: Reduce Advertising Costs.

Lead generation is the biggest expense in most businesses. Many businesses even lose money on their first couple of sales to a customer because it costs so much to get them in the door! I've found several ways to reduce my leads costs.

Using the Internet and a few strategies I'll reveal to you will be able to get all the leads you will ever need for free. Even offline strategies can aswell reduce cost if you have the know how.


8: Leverage your Time.

You'll never get rich trading money for hours.The wealthy let their money and other people work for them to produce a profit.You may only be able to work 8 to 12 hours a week, but you can leverage the work of 1,000 other people to create a 10,000 hour work week.

That's the way to become wealthy. By the way, you can do this without ever hiring any employees.


9: Use tax advantages.

Starting your own home based business gives you the advantage of tax benefits not available to the general public. A portion of any money spent on your home becomes a tax break. Your vehicles may be tax deductible.

Your meals and entertainment could become a taxwriteoff. You can put more money in a retirement fund without taxes. Everyone should have a home business just to save on taxes if nothing else...


10: Avoid hype.

The claims of make a $1,000,000 this weekend may sound good, but they come at a heavy cost. Too many people have fallen for this hype and have lost all sense of real business principles.I can take you to where you're making $100, $500,or even $5,000 a month...But it usually won't happen overnight.

It will also take some efforts on your part. You have to follow the simple system which has worked for me and so many other people. Even if it to start from earning less than hundereds of Naira first. Then as you progress, N1,000, N50,000, N200,000, etc.

Don't join the quick-money syndrom.

Make friend with people that matters. We can take you by the hand for success.

To your success.

Lanre
08023979864
sobandey2k@yahoo.com