Starting a home based business can truly give you the life you have always dreamed about. Many people feel they are destined to suffer through a dead-end 9-5 job day after day, however, there are better options. It is now easier than ever to make money from home. Although many people are skeptical of home businesses, there are actually many legitimate opportunities. The internet now makes it possible for anyone to start a home business, regardless of past experience or current funds. It can take some time to sift through the many online business opportunities available, but soon you will find an internet home business that is perfect for you.MLM marketing and direct sales are two perfect avenues through which to start a home business. With the potential for unlimited income, these types of business opportunities also allow for a great deal of flexibility. Although not every home based business delivers this kind of freedom, many online business opportunities do. As long as you have access to the internet, you can work from wherever you choose. You do not need to sit behind a desk all day in an uninspiring cubicle. Instead, you can work from home, making sure you are close to your family, go to a coffee shop, or even maintain your internet home business while traveling.A home based business also gives you the ability to work when you want. If you have a family to take care of, you can work your schedule around your particular set of needs. If you still have a more traditional type job, you can also fit this sort of home business opportunity in so that you can make even more money. The possibilities of when and where you choose to work are virtually endless. Soon, you will find that by putting in less time than you have in the past, you will be making more money than ever before.Another great benefit to online business opportunities is that you can create multiple income streams. This means that you will have the ability to increase your earnings many times over. With both network marketing and direct sales, it is possible to earn a very substantial income. With the proper MLM training, you can quickly learn how to gain valuable customers that will work to bring in money from home. By learning the attraction marketing techniques available through various programs on the internet, your home based business can make you tons of money while giving you more time to do the things you enjoy.
Essential Elements of a Successful Home Based Business Plan
If you are planning to start a business from home then its best that as early on as possible you come up with a business plan. There are many reasons that can be given as to why you really need to lay out your plans before the business is put up and all of them actually equate to one thing – success. So if you really want your company to last and grow a home based business plan is something that you should come up with first.As mentioned, writing a business plan is essential for many reasons, some of these reasons include:It is required by banks and lending establishments if you are considering to seek funding.Will allow you to focus and think about how you will be able to improve each aspect of your business.Will help to deal with possible problems giving you the ability to find solutions and preventive measures even before they occur.Business plans will vary from one another and will depend on the type of business that you are planning to establish. This means that while the business plan you have now will be effective in pushing your home based business towards success, they will generally be useless when you are trying to establish a different one.The plan doesn’t have to be very long either, but it does have to present you and your business, including your goals and targets for both long and short-term as well as intent, and well detailed information regarding your business in the best possible light.So what are the elements of a home based business plan? These include:Purpose of your business:In establishing your business, what exactly do you plan to accomplish? Are you offering the business online or offline? What type of services are you offering? What are the goals that you have? You will need to answer questions like these if you want to come up with a clear-cut definition of your businesses’ purpose. So think about how you will be able to answer them sufficiently first while putting you company in the best possible light at the same time.Describe your business:Try to describe your business as accurately as you can. The last thing you would want to happen is losing sales and potential clients just because they aren’t able to really see if your company or services are what they are indeed looking for. Talk about when it was formed, who operates it, and its legal structure to make things clearer.Define your market:What are you planning to sell? Is it a product, service or both? You need to accurately describe what it is exactly that is going to be sold. How much do people need your service? Who will be able to benefit from what you are offering? Why will it have the competitive edge over other similar businesses? Explain clearly how you are planning to meet those needs.These are just a few of the elements that you will need to have in your home based business plan. Other elements will include staffing, time tables, financial requirements etc. it is important that you have all the answers and elements within your business plan in order to guarantee that no issues or problems will catch you off guard later on when the business is already in full swing.
The Importance of a Business Plan When Thinking About Starting a Home Based Business
Starting A Home Based Business -If you are looking at ways to create additional income, then you are not alone as many people are in the same situation. Many people are checking out the opportunity of starting a home based business for themselves. A home based business can allow you to make a secondary income or to set aside money for a major purchase. If you want to start a home based business and have it become your primary business then there are a number of things that you need to think about before you get started.You need to have a concrete idea of what kind of home based business you want. Are you able to provide a service? I am sure that you have some skillset that someone else needs. There may be a way to start a home business using those skills. Then again, you may want to start a business that you have an interest but you will have a bit of a learning curve. That is fine if you are willing to learn and do the work that is necessary to get up to speed. Whatever you do decide to do, remember you need to have passion in order to make it successful.Your budget for your home based business will determine how quickly you can proceed to profitability. Business enterprises always involve some kind of investment, although you can start a home based business with very little upfront monies. You must remember to put in the time and effort because the more of both that you put in the quicker you will get into profit.A business plan is a great thing to have and is like having a map. It shows you what needs attention and it gives you goals to attain. We all know that things are constantly changing and that is more of a reason to have a business plan because you can then stay focused on the core concepts. So, while you may think you do not need a business plan do not be tempted to forgo this important piece of a home based business. To do so could be the difference between success and failure.The next important part of your home based business is making sure you keep your business on a time schedule. When you are working on your business try not to be distracted with other things unless there is an emergency. It is best if you can have a separate room for business, not only to be able to conduct business but it will have tax advantages.As you can see if you do the proper pre-planning then you have a greater chance at succeeding in your home based business. You will also have to learn the ins and outs of advertising. Without it, no one will know that you are on the Internet. But, that is another conversation. As long as you take each step carefully, you should be able to start a home based business that will pull in a respectable monthly income – and perhaps even allow for you to stop your dayjob finally!
10 Best Home Based Business Ideas for Online Income
With the rate of unemployment as high as it is and the economy in the dumps, now, more than ever would be the time to get started in a home based business. While many may choose a bricks and mortar business to start, they have high capital requirements that are beyond most peoples reach. The flexibility of a home based business is just one of the reasons they are so popular. Below are some of the 10 best rated home based business ideas for online income that require little or no start-up capital.1. Call Center – Large and small companies are saving significant money by outsourcing their help-desk center jobs. This provides you an opportunity to work from home performing call center duties such as receptionist, troubleshooting client issues and answering general questions. Chat, Skype, remote desktop and webinar software allow you to support those using the call center.2. Niche Products – With your own website (or eBay auction site) you can resell products obtained at wholesale prices. The manufacturer can drop ship directly to customers, saving you handling fees and warehousing hassles. Children’s items, collectible gifts and sporting accessories are all ideas for a home based business in niche products..3. Affiliate Marketing – Often found in top 10 best home based business listings because it can be inexpensive to set up. You can have a blog for reviewing products with affiliate links that pay you when people make purchases through your site.4. Technical Support – Leverage the internet and put your technical skills to use by providing technical support to individuals or companies from home. There are low-cost and free remote management and desktop control software available for troubleshooting issues.5. Life/Business Coaching – There has been a boom recently in specialized coaching areas such as life, corporate, spiritual, business and relationships. If you have good communication and people skills and are knowledgeable in one of these areas, this can be a great career.6. Blogging – Blogs have become a great way for individuals to make income online as they rank high in the search engines. However, they need new content on a regular basis to stay current, so companies and marketers pay to have individuals post blog content for their sites.7. Freelance Writing – Similar to blogging but with a broader scope. If you can write articles, ad copy, reviews or reports, you can get hired for short-term or repeated projects by marketers and companies needing content. You may need to have good typing and writing skills to complete the amount of work some of the jobs require.8. Internet Marketing – Another of the often listed 10 best home based business opportunities. Why? Because even with the learning curve, it is simple and can be lucrative as many companies want to know how to get their websites higher in the search engine rankings.9. Online Auctions – Many people make items to sell online or fix up things found at garage sales and sell them online. Crafts, art, jewelry are all good ideas for a home based business with online auction or sale sites.10.Website Flipping – Similar to property flipping, you can buy established websites, fix them up or add value in some way, then sell it for a higher price. The choice of which website to buy from those up for sale is key to being successful in this area. Often you’ll be looking for those that have decent traffic, or will, once you make the improvements. This is one of the newer ideas for a home based business.An important point when looking at the 10 best home based business ideas is to consider going with something you are passionate about and would enjoy. Your enthusiasm will come through when selling your services. Also, don’t give up to early on your new business as it can take a little time to get it rolling. Once your site, product or service gets some exposure over the internet, you will see your business begin to blossom.
Starting a Home Based Business – Choosing The Right Online Business
Home based businesses provide assistance for you to seek an alternate route to earn a residual income from the comfort of your home. With the inception and expansion of the internet, it has become very easy to transact business from your home using a PC connected to the internet. I am very sure that at some point in your life you must have done a look up on Google to get the best home based business idea available. While it is a very good move to find out ways to make money online it is also important for you to do your due diligence before investing your time and money in any home based business. Thousands of people have fallen prey to unsuspecting scammers on the internet in a bid to make money online; it’s very easy to build a website these days so anyone can design a catchy website just to get your interest and to rip you off your money.Before you supply your credit card numbers to any website, it is pertinent to find out in details what the supposed home based business is all about. There are certain ways you can get information about any make money online from home business. I will be discussing them below:1. Do a Google Lookup: Google can give you just about any piece of information you need just at the click of a button. If for example you find business xyz that claims to be a legitimate home based business, you can do a Google lookup by typing “xyz scam,” Google will automatically bring out any scam report about this online home business. Anyone who has been a victim of the scam would definitely want to share his bad experience with the business.2. Visit Home Based Business Forums: Home based business forums provide a great way for you to interact with forum members to find out the best ways to make money online. You can get all the information you need by connecting with knowledgeable and well experience people in the field of information marketing, website flipping, affiliate marketing etc. depending on the type of forum. You will be amazed at the responses you get when you type in a question.3. Send A Mail To Their Support: It is also useful to send an email to the support of the home based business you intend investing your money and your time into; genuine businesses always take less time to respond depends on the volume of mails they are receiving and most of them have a chat support that can answer your questions almost immediately. Others organize online conferences where you can ask questions and get instant clarifications.4. Start Little: Don’t be tempted to throw in all your cash at any online business; you should have a reserve just in case. Start little and as time goes on you can add more funds to it. I am just suggesting this to you; speaking from experience.I have been burnt and ripped off a couple of times while trying to make money on the internet, I have done several work at home businesses that did not pay off at the end; turned out to be a waste of my time and resource. One honest advice I can give you about a work from home business is to find a legitimate home based business, work with it and stick to it. At the moment, I am promoting one business and making a good chunk of money out of it. It is a very simple and realistic program run by a renowned internet business expert Frederick Mann. I hope to make more money from this business; it’s a definitely sustainable business and anyone who wants to make money online should leverage on it; it’s a simple and understandable process with life supports in the form of online conference calls, you can ask the experts questions and get immediate response.I wish you the best.
Property Managers Owe Fiduciary Duties to Their Clients at Minimum
“Fiduciary” is basically defined by Black’s Law Dictionary as a term derived from Roman law which means, as a noun, a person or legal entity, holding the character of a trustee, with respect to the trust and confidence involved as scrupulous good-faith and candor towards another’s affairs. A fiduciary also has duties which are described as involving good-faith, trust, special confidence, and candor toward another’s interests. Typical fiduciary duties are imposed on and include such relationships as executor, administrator, trustee, real estate agents, attorneys, and, of course, property managers. A person or company who manages money or property, i.e., the manager, for other people must exercise a standard of care in that the interests of the money or property owners are placed above and beyond those of the property manager. In some states, like California for example, a property manager is statutorily defined as an individual or entity which has the same duties as a trustee, i.e., a fiduciary.
The way I always explain it to clients, using my hands to demonstrate, is that my interests end at the top of my head (one hand at the crown of my head), but the client’s interest rise above and beyond my head and take precedent over my own (holding both of my hands above my head in a clasped position). Most people understand the gesture and comprehend that as a property manager and a lawyer my interests are much lower than those of the clients in our relationship.
Common Fiduciary Duties Owed by Property Managers
Since a property manager is a fiduciary they must act with the highest good-faith and fair dealing with respect to the owner’s asset, disclose all material information that may affect the owners decision-making with respect to that asset, and can’t in any way, shape or form act adversely to the owner’s interests. This may sound easy, but there are situations that arise that tempt even the best property managers to sometimes not act in their client’s best interests to suit their own self-interested convenience. Unfortunate as that may sound it happens regularly.
The following is a short list of some common sense duties, rights, and wrongs when a fiduciary relationship exists between a manager and an owner.
A manager should have a written agreement with their clients and may even be legally entitled to profit from services for which they provide to the owner, however, a manager may not secretly profit from this relationship. For example, a manager may charge an eight percent markup on materials and services provided by vendors to the owner’s property. This is legal and acceptable provided that the agreement between the parties is in concert with the markup. If this markup was not in the agreement then the law requires a property manager to disgorge or relinquish any and all secret profits derived from the relationship. There are so many possible examples of this, but a common one is a manager making a percentage profit on work and services provided to their clients but not disclosed; like a new roof, bathroom remodel, repairs to interior walls, etc.
A property manager is required to disclose any and all rental offers received along with documentation of those offers such that the property owner is well informed about all potential tenants. It is easy for a manager to fail to provide names of potential tenants that don’t necessarily qualify or are poor credit risks as this would involve more work for the manager.
A property manager is statutorily required to act for the sole benefit of the asset owner in matters that evolve from the relationship, whether or not those matters are seemingly insignificant or they are significantly material.
Information about a tenant whom falls behind on their rent must be immediately communicated to the asset owner. If your management company is using a software system that allows an “Owner Portal” then this information is readily available to see and anytime one has access to the internet.
If a manager receives information that a tenant has caused damage to a property the owner should be notified as soon as feasibly possible. It is easy for the manager to not disclose this information for fear of confronting the disgruntled owner or just not wanting to deal with the conflict associated with that situation.
Trust Account Duties
A trust account which holds deposits and rent monies for the benefit of the asset owner is a common ground for fiduciary duty breaches. The law precludes a manager from commingling of the client trust funds with broker or manager owned funds.
Additionally, it is a breach of fiduciary duty to make mortgage payments on broker owned properties from a trust account even if the broker quickly reimburses the account for the payments. The statutory prohibition against conducting personal business from trust accounts is strictly enforced.
Surprisingly another common example of commingling of funds occurs when the property management fee is not timely withdrawn from the trust account. Sometimes a delay of twenty-five (25) days could be considered commingling.
Trust funds must also be deposited with expediency. Some states require that deposits must be deposited by no later than the next business day.
Commingling of Trust Funds is a Serious Offense
Commingling of trust and broker funds is such a serious offense it can be grounds for revocation or suspension of a broker’s license in most states. Thus, this sole issue must be of paramount importance to a manager and property management company.
Conclusion
Managers owe fiduciary duties to their clients – this is the minimum standard owed. There are many ways to breach these duties which form the basis for the relationship between the manager and the client. It is important to hire a property manager who understands and abides by the statutory framework, understands fully what a fiduciary duty entails, and can both clearly communicate those duties and at the same time live up to them. It is important for owners to make sure they hire property managers who abide by these minimum standards.
5 Real Estate Laws Every Landlord Should Know
In the United States, real estate laws vary from state to state. However, there are common laws that govern landlord-tenant relationships and dictate what should be done if there are conflicts that happen along the way. Here are 5 of the most important real estate laws every landlord should know:
1. When renting out a property to another individual or group, landlords get into a legal, binding contract. As the landlord, you have all the right to receive an agreed upon rent in exchange for the use of your property. It is also your right that the property is returned undamaged (except for normal wear and tear) towards the end of the rental period.
2. It is part of the landlord’s duty to respect the rights of the tenant, which includes the right to use your property without any interference. Tenants also must be provided with basic amenities in the property for a decent everyday living which includes running water, heat, garbage disposable, maintenance, and right to housing compliant with state and local building codes and regulations.
3. When you rent out your property, your tenant should be provided with all pertinent information about you – such as your name, address and contact information. It is also a landlord’s obligation NOT to discriminate tenants for being disabled, for race, or for having children, among other illegal criteria. Thus, landlords cannot evict him or her on personal, unlawful grounds.
4. For any possible reason, landlords may NOT retaliate against their tenant by cutting off utilities, increasing the rent, or evicting. If your tenant has been unable to pay rent, or has complained to you about living conditions in your rental property, or has joined a tenant union’s organization, he should not receive negative consequences from the landlord.
5. When your tenant has been unable to pay the rent for more than 7 days overdue, landlords must give a written notice to remind the tenant about the payment and your intention to evict him should the rent remain unpaid after a specified deadline. The right to evict can also be used by a landlord if the tenant commits acts harmful to you or your property, harms other people, or commits an outrageous act that will endanger the safety of the property and the neighbourhood. The tenant must be given at least a 24-hour notice to leave the apartment. If your tenant ignores your notice, you can proceed with filing an eviction complaint in court.
Real estate property rental is one of the most lucrative aspects in the real estate industry. However, note that when renting property, you have as much duties as there are rights as landlord. If you would like to success at real estate property leasing, make sure you know these laws by heart. It is through these laws and regulations that rental transactions run smoothly and conflicts get resolved the soonest time possible. There may also be real estate laws imposed by your state, asks your real estate manager about it and find out.
How To Succeed At Online Product Creation The Easy Way
Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.
Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.
Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.
Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.
Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.
Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.