Tuesday, November 6, 2012

Top Traits of Successful Home Based Business Owners

Being a successful owner of home based business is hard. Success does not come easy and fast, and to reach success, there are traits that successful home business owners must have. Have these traits is not only important in the home based business world but being successful in all thing in life.

Here are some traits home business owners must have:

A strong desire to succeed. Having a desire and wanting something very bad makes someone do everything necessary to reach their goal, successful home business owners are not an exception. They know what they want and constantly looking for ways to reach their goals.

Having faith in your own abilities. No success happens without faith in oneself, whether we are talking about a home business owner or someone else like an athlete. Not having faith in own abilities will cause to give up when you face some bumps on the road, or not even begin your journey as a home based businessperson. It’s the faith in yourself that pushes you over the obstacles you will face in your journey

Make a plan. Old saying goes “If you fail to plan, you plan to fail” It’s a sad fact that many home business owners spend more time planning their holidays than they do planning their business. Without a plan you will be lost and you will not know what to do in certain situations. Having a plan helps you stay focused and on right track to achieve your goals. This is why planning your home based business is of great importance.

 Having the necessary knowledge. Before you begin your journey of being a home based business owner     one of the things you must have is knowledge necessary to implement your plans and develop quality product or service, and you must have knowledge about the market and the competition you will be facing . Having the knowledge will give you the results you want. You cant move on without proper knowledge.

Readiness to work with others.Running a home based business will require you to work closely with other people.  There are your friends and family, clients, people that you will be hiring such as accountants, legal advisers etc. In order to succeed in your home based business journey you must be ready to work closely with anyone that can help you.

Strong will. Another trait of successful home based business owners is strong will power. They are their own bosses and having strong will is a driving force. If you do not have a strong will power to keep you going when things are tough, you will eventually give up. People with strong will work hard every day even when their plans seem to be doomed.

Having a working habit. Successful home based business owners have a habit of doing their daily tasks every day. Even small things such as checking email, getting books done, answering clients within 24 hours of their request can help you become successful. 

Preserving the quality of their business.  This is something that is of major importance to your success. If you preserve the quality of your business you will keep your customers happy and your business running. On top of that satisfied customers will recommend you to their friends and relatives and your business will grow.

Sunday, November 4, 2012

SFIMG Online Business Opportunity

SFI is Strong Future International Marketing Group, a division of Carson Services Inc a company based in Lincoln, Nebraska. SFI is founded in 1998 and at the time it sold a single product and today SFI sells tens of thousands of Products in many countries in the world.  SFI’s division TripleClicks is a global e-commerce website where thousands of items are sold and many more are added daily.

SFI is an excellent home business opportunity for beginners and more experienced alike. Joining SFI is completely free. All you have to do is go to their website and sign up.

SFI offers free training to all of it’s affiliates. When you join SFI you will have access to training resources that can be used by a complete beginners in internet marketing to jump start their business.  You will learn many methods of promotion which will help you recruit referrals and earn more.

The amount of money you will make depends the number of affiliates that you recruit to the SFI or TripleClcks. You make money when someone makes a purchase. SFI is not a get rich quick program. You will make money if you put in hard work. There are many methods you can receive payment: bank deposit, Payoneer credit card, PayPal.

SFI is  a global program. It’s available to people from around the world. Anyone ,anywhere in the world can join and create a residual stream of income.

 When someone joins SFI he at the same time becomes member of TripleClicks. TripleClicks is an exclusive online store which gives the SFI affiliates access to thousands of products, training resources, promotional material.

You an choose thousands of products to promote from many categories, including: Antiques & Collectibles; Apparel; Arts & Crafts; Books; Business; Computers; Digital Downloads; Education; Electronics; Food & Beverage; Gifts & Flowers; Health & Wellness; Home & Garden; Jewelry; Magazine Subscriptions; Miscellaneous; Movies, Music & Games; Personal Care & Beauty; Pet Care; Phone & Accessories; Real Estate; Romance; SFI; Sports & Outdoors; TCredits; Tools & Automotive; Toys, Kids & Baby; and Travel.

Another great thing about TripleClicks and SFI as that you don’t have to stock or  deliver anything. SFI handles everything for you, from  payment processing to shipping and customer service.

SFI is an excellent way for complete beginners to get into MLM and online business.  It’s completely free to join, and you will have free training resources that can help you in your objective in becoming a successful online entrepreneur. There is no limit to the amount of money you can earn, and you can be paid in your local currency through Payoneer card.

Saturday, November 3, 2012

Difficulties That Home Business Owners Encounter

Owning a home based business is probably a major industry today and in the future since more and more people are becoming home based entrepreneurs. Being an owner of your own business and being your own boss has its many advantages, however there is also a price that comes with all that, and some difficulties that home business owners must overcome.

Being a home based entrepreneur means that your house is now your office. This changes your life and also the lives of your family.  All things associated with running your business are now handled at home. Computer work, phone calls, planning your next move all now occurs in the same place where your family lives. This can cause some distraction. If you have small children than you will need to look after them, your relatives could come for a visit etc. All of this are distractions which off course don’t help you in running your home based business, as opposed to being a salary worker when your work and your personal life are separated and there is a fine line between them.

Another concern in being home based entrepreneur are your clients. Being an entrepreneur means you have to meet clients on a regular basis. This will most likely require you to meet them in your home. This way your clients, a complete strangers will be privy of your home , your lifestyle and your family. If you are a private type this can be more or less uncomfortable for you and your family. If you decide to bring your clients to your home than you will want to leave an impression of  professionalism and integrity. It’s in your interest to meet their expectations of professionalism so they may feel that have come to the right place where they get best service. This may require an investment and some effort to make your office, parking, house and everything a client may see in your house more presentable.

Another difficulty you may face is the loss of space in your house. By setting up your office at home you and your family have to give up on a room or two. This can be a bedroom which means no extra bedroom where your relatives can sleep when they come over. If your set up your office and you basement than there is less room for your gym equipment or tools or something else. Having a home office you and your family will simply have to give up some space.

Working from home has its advantages and can provide you with a career and being close to your family at a same time. However that requires changes and you have to be comfortable with have they affect your life. Being a home business owner has it’s difficulties, but in the end difficulties mastered are opportunities won.

Monday, October 29, 2012

Things To Consider Before Starting A Home Based Business

Home based business has many advantages and to many people it may seem like their dream job. However success in home based business comes with a price. It requires courage, hard work, necessary skills, perseverance and a little bit of luck.

Other that that there are also some things to  take into consideration before you start

One of the things to consider is to you have enough money to support your family while you grow your business. Building your home based business will take time to become profitable, so having money saved on the side will help with supporting your family.  You should  save enough money on the side for two year expenses. Another option will be to build your home based business as a part time job. This way when the income of your home based business reaches certain level you can quit your regular job and work full time.

Another thing to consider is are you capable of  being a small business owner. To do this you must asses you abilities. Starting and running a home based business requires certain skills and abilities. You need to determine which are you strength and which duties you feel are capable of conducting, which skills you can develop and decide do you need to hire someone to meet the needs of your home based business that you can not. Whether or not you will be successful home based entrepreneur depends on you and if you can  find a way to deal with your weaknesses.

One of the biggest mistake to make when starting a home based business is offering a product or service for which there is no market or a very small market. Therefore, an important concern for you will be to conduct a market research of the product or service you plan to offer. You should research the customers that are willing to pay for the product or service you plan to offer, and the price they are willing to pay for it. You should also research the competion and the products and services they are offering. When you collect enough data on the competition you can make a decision on the products and services you plan to offer on the market.

Another thing of concern is the amount of time that will take your business to become profitable. Being a business owner is not an easy thing. It requires not only skill and hard work but also lot of patience. It takes a lot of time to develop the business to profitability. It doeasnt happen over night to get many customers and become known.  You will probably need a days and weeks of hard work, including weekends to reach the desired profitability.

Sunday, May 6, 2012

Starting And Growing A Home Based Business

There are a lot of benefits of starting a home based business and turning it profitable. Actually the truth is  many very successful businesses for started a t home. Sure you remember stories of multi billion dollar enterprises started at home, and if someone else has succeeded to build billion dollar enterprise so can you build at least a fraction of that if you try hard enough and work smart enough. Maybe your business will not become next Amazon or Microsoft but it could provide you with additional source of income, and in time it may become your full-time job.

If your dream is starting a home based business first of all you need to determine the type of business you wish to start. When starting a home based business you should look in to internet. Many beginners looking to start home based business are starting small e-commerce sites or blogs which generate small amount of money every month.Not all home based businesses are started at home. It all depends on what are you good at. If you are good with numbers you could for instance start a bookkeeping practice. You can work part-time at home and earn some additional income.

Once you have determined the type of business you want to start, the next thing you need is business plan. The business plan should contain the marketing methods for your business, a financial model that has balance sheet and cash flow analysis etc.Internet is an  excellent tool to market your business. Social networks such as Flickr, Facebook, and others are useful for marketing even small local businesses. On social networks you  can find contacts of people from your area looking for specific product or service. Among them you can find potential customers.

When you grow your business to a certain level you should think about creating limited liability company in order to manage your business operations. If you decide to create limited liability company then you could open a bank account under company’s name. There are also tax benefits and you will be able to deduct certain expenses for running your home based business.

Starting a home based business can be very lucrative and also fun and interesting. Home based business will provide you with additional income and eventually even turn into a full-time  job. If you want to be successful and grow your business you should start a business that has something to do with the things you are passionate about and have knowledge for. That way you will be motivated and find it interesting to work harder on your business. 

Tuesday, May 1, 2012

The Benefits Of Starting A Home Based Business

Home based business is the business of the future. The proof for this is the rising number of home businesses in the last years. There are more and more people who start their own home based business. The reason for this trend is that more and more people are becoming aware of the advantages of running a home based business. There are many advantages. Some of them are the following.

If you run a home based business you have more free time. If you have a regular job you probably just like most people travel to work and back every day and you probably just like most people spend hundreds of hours a year just commuting to your workplace and back. If you work at home you could save hours and hours of your time which you could spend with your friends and family. If you are not spending all those hours to your office and back you have lot more time to make your home based business a success.

If you work at home the money you make are proportional with the time you work. If you have a regular job you will probably have to wait for promotion to see increase in your salary. Working at home you make as much as your work. Also there are no office politics, dress code, bosses and set working hours. You can work on your own schedule and hours.

Starting a home based business requires less upfront investment than buying a franchise or freestanding business. Also this can have a tax advantage. If your office is at home you can deduct expenses of maintaining your home as business expenses.

You can spend more free time with your friends and family. This is of great importance to parents. You can send your children to school and be home when they return. When you have your office at home  it’s much less stressful to meet the demands of both work and family. You are your own boss so you don’t have to ask anybody to leave the desk to take care of sick child or spouse.