If you have an entrepreneurial spirit and the desire to work from home, a home-based business opportunity can be a great option. Business opportunities provide you with a turnkey system and support so that you can be in business “for yourself, not by yourself”.
Unfortunately, a multitude of unscrupulous companies have cropped up on the internet over the past several years, making the search for a legitimate home based business a bit of a challenge. The good news is that there are legitimate and profitable home based business opportunities out there and if you’re able to identify certain “red flags”, it won’t be that difficult to eliminate the “scams” and spot the opportunity that’s right for you:
Red Flag #1: You visit a business opportunity website and there are pages of copy promising financial freedom and personal wealth but it doesn’t tell you anything about what the company does. If a company doesn’t clearly state their product and/or service, be wary.
Red Flag #2: The company website states that you’ll make unrealistic amounts of money, with minimal effort, in a very short period of time. This is simply not true. Businesses take time to grow. If any business opportunity website promises that you’ll be a millionaire in 3 months or less, ask yourself, “If there was a way to get rich overnight, wouldn’t everyone be doing it?”
Red Flag #3: While there may be several testimonials of successful business owners listed on a business opportunity’s website, you still need to ask for references and contact them by phone or e-mail. And, if a company isn’t willing to provide references, they’re not legit.
Red Flag #4: Once you’ve found a business that interests you, request additional information. If the company asks you to provide a credit card number or to pay a fee—no matter how small—it’s a scam.
Red Flag #5: Ask how your business will make money. If your ability to make money relies on you recruiting other people to sell a product or service, the company is most likely a multi-level marketing business and, in most cases, the only people who make legitimate money with MLM’s are the people at the top!
Finally, keep in mind that when you do find a business opportunity that feels like the right fit for you, don’t fall in love too quickly. Take the time to research your market for competition to be sure that your area isn’t saturated with a similar product or service. And most importantly, make sure that the business capitalizes on your strengths and talents and allows you to do something you love each day. It’s a well-known fact that entrepreneurs who love what they do are much more likely to succeed!
It is true to say that working from home is not from everyone. Not everyone has the willpower to switch of the television whilst eating their breakfast and make their way into the home office for work at 9AM. On top of that, with no boss around to make sure you are keeping on top of things how can you ensure that you are completely motivated? And of course, and then there’s the internet to distract you… YouTube… Facebook… Twitter… the list goes on!
So; how do you know whether you have some of the most important characteristics to work from home?
Are you good with time-management?
Time-management is one of the biggest factors whilst working from home. One of the main advantages to working from your home office is that you can select your own hours. If you want to stay in bed and start work a bit later… fine, but be prepared to make up those extra hours at another time. If you don’t have the right time-management skills you will fall behind with your work; resulting in unimpressed clients and a stressed household whilst you try to get the work done in a panic.
Yes, one of the greatest distractions is the internet. When there is no one else in the room to check what you are doing, your office can quickly transform into a digital playground. Having that self-discipline to just say no to the internet or any other distraction in the room is vital. This also includes turning away friends and family members who either call you up suggesting a quick coffee and a chat. This can be a big distraction and break up the day, and it is likely it will be more than a quick get together. If you think you can successfully control yourself and knuckle down to the project in hand, you are completely on the right track to working from home.
Since you are not in the office, your colleagues aren’t simply a few steps away therefore communication with colleagues is vital, and is essential for getting work down quickly and efficiently. Working from home means that you must have suitable methods of communication to your work office. You must always be contactable, whether that is by mobile, landline, WhatsApp, Instant Messenger, or Skype. Establish with your colleagues what the preferred mediums of communication are, and do your best to always be available via them.
Learn when to turn off the laptop
On average, workers spend five hours a day looking at a screen. If working on a big project when at home, it can be tempting to spend all the hours in the day trying to crack it… but be warned that this will indeed turn your eyes square. Remember that outside your office there is a whole world; make the most of it. Getting face-to-face human interaction is very important still on a daily basis, so see some friends to see in your lunch breaks or even walk down the local coffee shop to make some new ones. However e strict and keep your social meetings within a schedule so your afternoon doesn’t disappear. Meeting others is a great way to refresh, gain a new perspective and it can be motivating.
So you can see, to work from home you need to be a disciplined person; knowing when, and when not to work. At the end of the day, if you are getting high quality work done in good time at home whilst upholding a healthy social life and lifestyle… you are doing much better job than most of the other people that work from home in the world!
About the author: Kirsten works from home for a company called vouchercloud.com. She manages the social media content and works on voucher campaigns such as the latest Pizza Express discounts campaign. It has taken time to adjust to working from home life and taken a large amount of self control to maintain a healthy working load.
Nowadays more people are thinking about starting a homebased service business. It require less operating cost and startup money making it easier to start a business with limited fund. If you are thinking of embarking on your own homebased service business, then here are tips to get you started on the right footing.
What is a service business?
Service businesses are those that provide assistance to other people. These can be anything from daycare to clerking. The cornerstone of a successful service business is one that provides a need.
A homebased business has many benefits
Firstly, there are many benefits in running a home-based business from home. Since you already paying living expenses like a mortgage, utilities and other payments, the only expense is the equipment for your business. And you own many of these already such as computer, telephone and internet access.
Next, a homebased service business offer low overhead and startup costs. The fundamental is to keeping the overhead low and only take on projects you can safely and expeditiously manage.
Your home business options
As noted above, you are able to operate these service businesses from your home. Marketing your services on the internet will lowers your overhead and maximizes your earnings. With the Internet your potential client base are endless. Here are some options for your homebased service business.
* Virtual assisting has taken off in a big way in the last few years. Using a computer, fax machine, telephone, and Internet access, you can perform various administrative duties for large and small companies. You are paid for the work that you do so there is no extra charge for the company. Virtual assisting skills run from transcription to accounting to managing email and company websites.
* Transcription by itself can be a profitable venture. Medical offices and businesspeople are always in need of someone to transcribe their audio or video files. It is far easier and less time consuming to record an interview or dictate a medical procedure. Your job will be to turn that file into a document for patient charts and online use by various businesses.
* Ghostwriting is the process of writing articles, novels, eBooks and more for an individual or a company. Using your writing talent, you can make money producing literary works for others who need them.
Before you start a homebased business
1. Check out the local laws for registering and zoning a home business. Most home businesses require no zoning issues unless you will be meeting clients in your home and posting signs in the yard.
2. Small business tax laws. You may be subject to different tax exemptions, deductions and payments. Check government agency for the information you need.
3. Set up a separate work area for your business only. This could be as simple as using a spare bedroom or den with a door to keep your work separate. If you rely on the telephone a separate phone line will be helpful. When a workshop is needed, consider using a garage or the basement.
4. Use on and offline marketing methods to find clients. This includes: viral marketing, newspaper and Yellow Pages ads, flyers and direct mailings, email marketing, article marketing, setting up a website and so on.
5. Create a schedule to divide time between work and family. Balancing both is hard. Scheduling time and sticking to it means more gets done and no one is slighted.
A homebased service business is an option for people who want to work at home without spending a lot in upfront costs. If you have a talent and can fulfill a need, consider a home business.
Spring is more than just looking forward to warmer weather or start getting out your garden tools. Spring is also about income taxes, whether personal or business. Many small work from home business based owners do not devote sufficient time on taxes. Your taxes can add up to as much as a third of all your revenue. It makes a lot of sense to learn as much as you can about how to assuage and lower your income taxes.
Here are some important matters you need to know about how to lower your tax bill:
To make things easier on taxation time is to document where all your income and all your expenses. Document who you entertained and ate dinner with and what you talked about.
Receipts can be stored physically or digitally. There are a lot of different scanning and record keeping services online today that make it easy to keep accurate records.
Cash vs accrued method
Decide whether to use the cash method or the accrued method for tracking your expenses. Consult a accountant to see which makes the most sense for your business.
With the cash method, you count your profits and losses the moment cash is made or lost. With accrued, you count it when the cash flow is added to the books, rather than when the cash hits the bank. So if you make a sale today but don’t get paid for 60 days, that money is still accrued today.
This has a immense impact on your taxes. For instance, with the cash method, if you had a big profit this year you could pay up front for some expenses like your advertising for months ahead and actually “lose money” for the year even though you were profitable and save on taxes.
Home office deduction
If you have a home office, that office can be deducted. In order for this to count, you must have an area of your home that is used exclusively for your home business.
Figure out what percentage of your home’s square footage is taken up by your home office. You can deduct that percentage as a business expense.
Depreciation on home office space
Depreciation is a tax credit for ‘things breaking down’ or getting less valuable over time. All office equipment, including computers and printers and chairs, has depreciation deductions.
If you own your home, you can even get a depreciation deduction for your home office space.
Hire an accountant
If this is your first time filing taxes as a home based business, going with a real accountant can help make the process a lot smoother. They will be able to respond to any questions you have and assist you to identify ways to save money.
Before you decide to work from home as a stay home mom, there is a number of things that you must considered. First of all, you must decide whether or not working at home is right for you. Next, you need to consider what type of work at home job you will be doing. There are many opportunities for work-at-home-moms, both online and off. Having a successful home career begins with evaluating your skills, experiences and requirements and then finding the right match.
Often the best place to start with your work-at-home career is where your regular career ended. Many women find that they can become freelance contractors in the area that they previously worked in. You can use your previous work experience as a starting point for your work-at-home-mom career. Some of the ways to use your experience to your advantage are: finding a company that hires people in your line of work, use your previous experience to become an expert writer or starting a business related to your experience.
However, some women look at their home careers as a way to break out of their previous job. If you would like to try something altogether different, there are great deal of job opportunities for stay home moms. Some of these jobs deal with telephone or online customer service. When you work as a customer service agent working from home, all you need is reliable Internet access and telephone.
If you want to start your own business, the opportunities are huge. You can start with a direct sales company and sell products from an established brand to friends and neighbors. You’ll make commissions through your sales and also off of recruiting other people to sell the products. There are hundreds of direct sales companies that offer everything from aromatherapy products to candles to cooking supplies.
Another option for starting your own business is offering a service in your community. Day care center operators, florists, professional organizers and hairdressers all have the option of working at home, among many other professions. Of course, starting a business in your community normally means that you’ve had some experience in that field. However, there are some small business ideas that can be started without much experience at all.
Many women turn to the Internet for a source of at home income. The internet offers many job opportunities and the freedom to work in their own schedule. You can offer your services online as a freelance writer or virtual assistant. You can also start an online store that sells products that you make yourself or have the rights to resell. Many work-at-home-moms launch their home businesses online by using one of the popular auction sites, like eBay. Still others find a home in affiliate marketing, by directing web traffic to a company website and then recommending certain products and services.
Determine first what kind of job you’d like to do and then work from there. If you are the type of mom who lives online and is comfortable with the Internet, try finding a job or starting your own business working at home.
Once you have decided what type of job you would like, do some research online what it takes to be successful at that type of business. If you feel comfortable to one particular business or company, then sit on your decision for a week or so and see how it feels. Envisage what your life will be like as you work on your business. Above all, be truthful with yourself. Think about how much time you can commit to your business. Coming up with the right match Is not hard once you think thorough your alternatives.
Making money online today is a good deal more difficult then it was say 10 years ago. The rationality is obvious, as there are more individuals doing the same thing you are doing. Additional competitor means more partitioning of expected customers. You must work harder and smarter than the others in order to get a bigger piece of consumer pie. Just imagine doing this with thousands of you competing? If you truly would like to make money working from home, then you will want to be in another kinds of online businesses that can provide you with a nice income.
Affiliate marketing is a good example of an extremely congested online business. As this kinda business is one of the easiest methods to make money on the internet, numerous individuals are now affiliate marketers. In point of fact, thousands of people are joining this type of online business everyday.
Here are a couple of a different kinda businesses that you can work from home to make some money online.
Dropshipping is a great way to start an online business. It has a very low start up cost and is a great work at home business model. Drop shipping is a growing trend among merchandisers and suppliers in the industry today.
How is this work? You can choose product to sell from a drop ship wholesaler and promote the product from your website or classifieds like Craigslist. When a customer orders that product, you simply contact your drop ship wholesaler to have the item delivered to your customer’s doorstep. Your drop ship provider takes care of the product delivery. Always do your research and compare the many different drop ship wholesalers. Carefully review their terms of service and rates as well as the products they’re selling.
A different kind of home business is being an outsourced call center broker. A lot of companies nowadays are outsourcing their call centers or help desk to individuals who have computers with active internet connection in their homes. If you want to make some extra cash but you can’t leave home to work for whatever reason, then becoming an outsourced call center broker will be the right online job for you.
With this kind of online business, all you require is a computer with an active internet connection and a headset with microphone. The require software and instructions need for calls will be provided to you by the call center you work for. Good communication skills is need in order for you to qualify for this kind of job to be able to deal with all sort of individuals.
If you want to make money on the internet today, you have to think of other kinds of business that can provide you with an income working from home.
With the changing economic times in the world today, many people are still looking for financial freedom. There are different ways through which you can use to make your life less of a hassle. No one loves living a debt life and if you are given the chance to quit all the debts on earth, you cannot miss using the opportunity.
When you have a legitimate work at home job, you will be able to survive through high economic challenges and this is the wish of all people. If for instance, you are employed and you cannot meet your needs, it will be easy to manage your family without stretching much.
The following are chances you can take with no startup fees.
1. Promote Company products
The first thing you can do is to promote company products. This is among the best freelancing opportunities, which can earn you a lot of money. You can supplement your income with the amount that you will get from the available opportunity. However, you should choose wisely and ensure that the company you are working is not a scam. With the best company, you can make enough money to take you through the debilitating financial times successfully. Many people have made a living with the home job opportunity.
2. Article Writing
Secondly, you can try articles writing. This wonderful opportunity comes in handy and does not require a start up fee. Once you have a computer at home and stable internet connection, you can go on to enjoy the most amazing opportunity of making money. You can have good times while enjoy much freedom at home. Many people are online writers and they make a substantial amount of money that can raise enough during the financial crisis. This can be done on a part-time basis and you can further make a blog to market your article. Soon you will get enough traffic depending on how prepared you are. This opportunity does not need investment.
3. Moving services
You can start moving services if you have a pickup. This is a wonderful opportunity and you can make some money during the weekend. The only challenge is that you will need time and if you get moving jobs during the week, you may have a hard time when dealing with the job during the week. You can just arrange with friends who would like to move in your local areas. This opportunity can expand and become a big business in the future.
When choosing any of the above opportunities, you will be on the path out of poverty and this is what many people want. Having extra cash from home opportunities can give you a good service and you will make your wealth goals attainment. With enough cash, you will manage your life and take care of your family easily.
Some of the legitimate ways as affiliate marketing should be taken seriously and you can avoid landing on companies, which can rip you off money. As you choose your opportunity, you can look at the challenges that come as you take the business up.
Author Bio – Myke Jones is a professional advisor who has been helping people in making their career. He has offered valuable tips to people on Racking.
There are virtually thousands of people world wide discovering the benefits and flexibleness of working from home in a home based business.
A home business is a great equalizer where anybody can succeed because success is independent of age, sex, or any demographic and therefore a home business holds great appealingness for a lot of people.
Are you ready to start your own home based business?
Before you venture in your own home based business, ask yourself what kind of investment in time and money are required to be successful.
Any business will require some money. Fortunately with many work from home business opportunities you can start your own business with comparatively very little cash investment. You don’t need to rent, buy or lease office spaces or hire employees. And, because you will be creating your own goodwill, you don’t require to spending funds to purchase goodwill.
Invest In Building New Skills
A well established and well run home business will have a clear and defined mentoring or coaching system which will fast track new beginners. All the same, it is up to individuals to take the responsibility for their own learning. The faster you learn about your business and develop the skills, the faster your success will come. You will need to actively seek out information.
Invest In Your Personal Growth
This is critical to maintain a high level of enthusiasm. This investment is about acquiring an ability to sustain relational emotional stableness and rebound back quickly from setbacks. Although some businesses are labour intensive (e.g. home cleaning business), a home based business is enthusiasm intense.
Invest In Others
A key to many work at home businesses is giving a enthusiastic desire to help others. You will require to invest time and energy into assuring your clients are happy and generate you repeat business.
Invest Your Time
Among the most powerful aspects of a home based business is that you can build a business part time while working full time in your present job. Success comes to those people who dedicate regular time to their business, no matter what other commitments they have. You will need to covetously safeguard those precious hours so other life-matters do not take over.
Invest In Problem Solving
Plausibly after you get started you will encounter a few problems. You will have new skills to learn and at first your judgment will not be great and you may not see problems emerging until they arrive. It is a simple fact that some things will go wrong. Coming up with solutions will be your obligation. How you emotionally attack and address these challenges will influence how big your home business will eventually become.
If you are prepared to make these investment in your business then a work at home business may be just the vehicle to secure your financial future.
The conception of drop shipping is really simple. As a work from home business marketer, you’ll sell and promote products to your customers. Rather than storing the actual merchandise yourself, whenever you receive an order from a customer, you will send the information along to the drop shipper. They, in turn, will package the order and send it directly to the customer.
Drop shipping is a merchandise delivery process in which the seller (you, the home business person) accepts payment for an order, but the product(s) are ship directly from the merchandiser to your customer. You acts as the middleman between the merchandiser and the customer. Your profit in the transaction is the difference between the wholesale and retail price of the items sold.
Drop shippers eliminate the hassle associated with carrying and managing inventory and merchandise to sell on online. With all of the popular internet auction websites today, you don’t need your own website to make money from home with drop shipping. Alternatively, you can just sell items on these online auction websites and then have them drop shipped to the winners.
Although it is not a requirement to have your own website, you most certainly can use one. Any method that promote your service is valid and can be profitable to your work at home drop shipping business.
Some drop shippers even handle the processing of payments for you, as well. If you don’t mind putting your reputation on the line and allowing a third party to handle your business affairs, drop shipping is the way to go. You are ultimately responsible for maintaining communication with your customers to ensure their satisfaction.
Drop shipping offer you these two significant benefits; 1) the elimination of upfront inventory and 2) positive cash-flow cycle. A positive cash flow cycle occurs because you is paid when the purchase is made. The is a period of time in which you has the customer’s money, but has not yet paid the wholesaler.
As in any business, some risks are involved in drop shipping home business. For instance, back order may occur when you places a shipment request with the merchandiser, but the product is sold out. Back order may be accompanied by a long wait for a shipment while the merchandiser waits for new products, which may reflect badly on you. A good drop shipper will keep their sellers updated, but it is the business owner’s task to be aware of the quantities that the drop shipper has available.