Top 10 Reasons Home based businesses Fail!

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Something For Nothing Syndrome

Let me be perfectly honest with you, there is no such thing as something for nothing, but you already knew that didn’t you. Then why are there so many home based business and success programs being sold by way of TV info-commercials, ads in magazines, newspapers, and the especially the Internet? I personally think that we would all like to think that there is a shortcut to success but deep inside we all know that is success is earned. Success would not be success if you could simply purchase a home based business system for $49.95 that is completely automated and all you do is collect the money, yet I have personally seen thousands of internet sites and info commercials claiming they have a fully automated system, plug in and you will be wealthy by just paying your $49.95, presto you’re an instant success, no real efforts required, they even guarantee it. People are purchasing these programs every day and they are disappointed everyday. I will even admit to you that I have purchased these programs and had them piled up in my drawer (anybody else?). I am not saying that you must work your life away, but I am saying that focused and leveraged efforts are “key” to success. Let’s compare a home based business with a weight loss program. Weight loss programs are everywhere and they range from real programs that teach the truth, which is healthy eating and exercise are required to get any real results, to magic weight lose plans that all you do is take a pill and you are magically transformed with no effort. There are some good weight lose systems out there, but the key ingredient is you and the efforts you put forth. So the truth about your home based business will be the very same, the key ingredient is you and the efforts you put forth will determine your success. If you are broke and looking for that magic pill to save you, it does not exist, do both of us a favor and stay at or go get a J.O.B. If you approach your home based business with a focused and committed attitude, understanding that a business does require work and capital (money), you are well on your way. The great thing about the home based business industry is that you can get started with minimal funds compared to other more traditional brick and mortar businesses.

Not Understanding Capital & ROI

Capital is the money required to start and operate your business. Remember Rule #1, there is never something for nothing. Understanding how much capital is going to be required to start and operate your business until profits are realized is an important factor in the success of any business. Once your capital needs are identified you can begin to calculate your ROI “Return on Investment”, or should we say “Return on Capital”. So for example, if your business will require $20,000.00 to start and operate until profits come in and that business will generate $100,000.00 net profit the first year then you would have achieved a complete capital payback and a 400% return on capital first year. Wall Street would fund this business model all day long. The home based business industry really does offer this type of return, that is if you understand your capital requirements and have a business plan that provides leverage. For example most brick and mortar businesses do not pay back capital first years, so no profit is realized for several years! The challenge with a home based business is that thinking you can purchase a business for $49.95 on the internet and then make a million dollars, frankly is a fantasy. In fact, let’s look at a franchise for example, a $200,000.00 capital outlay is not uncommon to purchase a franchise, that franchise would then usually produce net profits in the neighborhood of $50,000.00 per year. Might make it more understandable to offer a specific example.So in this franchise example, it would take four years just to break even and start producing a return on capital, not very exciting is it. If success was easy it would no longer be success. Look for opportunities that can produce a reasonable ROI first year, and that require a minimal capital investment. Any businesses that can produce a 1st year capital pay back, while also producing a first year net profit is always a winner. Look for a home based business with great ROI potential, this will be best accomplished with leverage. Expect to capitalize your business properly and understand your business plan. Ask yourself how much capital will be required and how long will it take to pay back that capital and to then realize a net profit. Remember the more leverage you have the more net profits you will keep. Gross sales are important but I would rather start a business with gross sales of $100,000.00 year and that produces a net profit of $60,000.00 (60%) over having a business that has gross sales of $1,000,000.00 year and a net profit of $60,000.00 (6%). They both produce the same net profit, but the business with the larger gross sales will in most all cases be 10 times more expensive to start (a lot more money up front) and will have more employees (and taxes) and require a lot more of your time to manage. So the return on your time in a business is what you make an hour. The larger the lever built into your business model, the more you make per hour spent.

Listening To The Wrong People

Why is it that if we are learning to golf we have no problem taking lessons from the Golf Pro at the Country Club, or if we were learning to Skydive we would be insane to learn from any one but the Jump Master. Yet when it comes to learning to earn a substantial personal income we usually make the mistake of listening to family and friends most of the time, or we actually think we are qualified to teach ourselves, this is called the school of hard knocks. If you are looking to earn $100,000.00 a month then doesn’t it just make sense you would look for a person or better yet, a team of people that have already achieved this level of income and then learn from them. We would never have our friends or family teach us how to jump out of an airplane. The challenge we do have is unlike in golf or skydiving were we know where to go for expert advice, where do we go to learn to earn a substantial personal income? Well a franchise system is one place where a successful business system is taught to you by other successful people, but we all know that a franchise requires a large up front capital outlay. When evaluating a home based business system look at the training and support, make sure the individuals doing the training are at a high “personal” level of success in that business. Most companies have customer support teams that are just hourly employees reading information from manuals. They are not qualified to teach you how to reach the level of success you are looking for, or worse yet you can only e-mail your questions or complaints to them. You should look for a home based business system that allows for the top income earners within that system to be the trainers. This way you are learning from the people who are getting results. Ask yourself, will I have the telephone numbers of the people with whom I will be doing business, will I have access to the top income earners on a daily bases if necessary. Or will there be a $49.95 kit sold up front, only to find out that if you want to access the real training and support, it will cost you an additional $5,000.00 or so, let alone the other capital you will need to operate your business. I will not mention any specific companies but they are doing info-commercials every day. Does the home based business you are considering have mentors and coaches who are successfully operating the same business, and do you have access to them for the price of the business, no hidden costs? Remember e-books and online kits are usually designed to make the person selling them rich, not you. If you can not get the company on the phone before you purchase, please be very careful. Make sure that the company is registered in the United States and they are required to follow US law, there are a lot of these companies whose headquarters are offshore, ask yourself why? Websites without phone numbers are designed to make the company money, without doing any real training and support. When you purchase a franchise they always include the training and support as without it they know you will probably fail. It is usually not even an option to leave it out and why would you? Make sure you understand how much training and support is included in the business system, an unlimited amount would be optimum. Live training from real people that are successfully operating the same business is the very best, e-mail only support can drastically limit your learning. You deserve to be trained by the best make sure it is included, otherwise you are probably wasting your time!

Marketing, Marketing and Marketing

You can have the best products in the entire world or provide the best service in your industry, but unless people know about your products or service, you will be out of business. There are many ways to market your business and they can be very simple and inexpensive or they can be complicated and very expensive. Make sure to keep it as simple as possible and understand your conversion rates. This means that if you spend $1,000.00 a month on advertising and that generates 100 potential customers and 3 purchase your product. You have a 3% conversion rate. You should also make sure that your profit from those 3 sales provides enough revenue to pay all of your costs (including advertising) and still provides you with a net profit. Finding products that have a substantial profit can make this process much easier. Repeat business can also be instrumental to your profitability. If your customers return and purchase again you have made a profit without any additional marketing. Repeat business is essential to a successful business and marketing system. It is possible to operate a profitable business with no repeat business, but why not look for a business with repeat customers built in! When considering a home based business the simpler the marketing the better.

Poor Environment Management

Working from home offers many benefits such as no commute and no day care costs, etc. The flip side of this coin is that distractions can exist that you do not find in an office setting, such as crying children, barking dogs, the television, you get the idea. The trick is to balance your environment. It may take a little practice but by no means is it difficult with a little planning. So take advantage of all the positive that a home based business provides, while learning to manage your environment, working from home can prove to be an enormous advantage over the rat race. So create a workspace that is a dedicated resource and set some simple rules so that you can create a professional office environment at home. Creating this environment is key, make sure you have good equipment. If you are constantly struggling with your equipment you will not be focused or efficient. You can involve the rest of the family and make it positive for everyone. It just takes a little communication and cooperation to have a successful environment. Be creative and have fun!

Having A Closed Mind

Entering the small business arena can be a change of pace. If you are operating a business for the first time as an owner rather than working as an employee it will be imperative that you keep an open mind so that you can learn new concepts and not look upon new business concepts that you may be unfamiliar with as risky. Anytime new information or concepts are presented keep an open mind and be a student of the information before you form any conclusions. Be informed and educated before you make judgments. If you are a seasoned business professional coming from a large corporation it is also important to be open minded as operating a small business can be completely different. A strong ego can keep you from learning new things. Remember the only requirement for being an expert is results, so look for results not at the age, color, or gender, of the person teaching you, just their results. Be coachable and trainable and become a student of your industry. Network Marketing and home based businesses can offer huge leverage if you just keep an open mind. A lot of major Corporations sell there products through Network Marketing, and these concepts are now taught at major universities. GM sells cars this way now, so just because you are not familiar with a certain type of business or compensation plan don’t judge it until you have learned all there is to know. It may be the best way for you to get in the game if you lack a lot of capital (money).

Poor Product or Service Selection

Selecting products or services and more importantly focusing on the profit potential is a critical component. Yes it is always exciting when you can work with products or services that you are passionate about, but please remember to look at the net profitability and your overall plan. So if your product has a substantial profit margin you have a much better opportunity to succeed. Look for products that can be drop shipped to your client and products that will also provide you with substantial net profits. This way you can focus on marketing and running your business. Understand that Service businesses can be more difficult depending on the service and if you are required to provide the labor. In most cases with services you will do the labor, but you may be able to market other people’s services, this would be our recommendation. With any service businesses you may find you have just purchased yourself a J.O.B. Always look for others to do the bulk of the work so you can grow quickly. Pick suppliers that have large capacity. As you identify your products or services choosing ones that allows for repeat business will also be a key ingredient for a profitable and successful business.

Fear of Rejection

Fear of rejection is usually caused by low self-esteem and the lack of self-confidence. A business can not be profitable without sales. Remember that when a potential customer rejects your product or service he/she is not rejecting you they are simply rejecting a product or service at that point in their life, they may very well become a customer at a later time, so stay positive. The most successful people in sales are the ones who receive the most rejection as that means they have also sold the most products or services. The home run champion is always high in the strike out count as well. Through practice and good training you will master this skill and be a successful home entrepreneur. Please do not fall into the trap we discussed earlier were you are told the system is fully automated and you will not talk to anyone. If it was that easy we would all be rich. Businesses require sales and those sales involve people and more importantly contact with these people. Home based businesses are no exception. If you are afraid to sell then a J.O.B. may be a better choice for you, preferably not one is sales. Sales drive every company and the relationship you build with your clients will keep you in business. Look for home based businesses that will provide you with warm contacts through your marketing efforts so you are not cold calling. Cold calling is painful especially for people new to sales. Be determined to develop reasonable people skills if you intend to go into business. You may not currently have them but you can easily learn these skills if you posses self confidence and are willing to do a little practice.

No Leverage

If you do not understand leveraging then you might as well dust off your Resume’ and hit www.careerbuilder.com. Leverage is the only way you will create real wealth in your life. A business owner leverages his time by hiring employees, these employees leverage his time. This is why service businesses where you do the work have no leverage without employees or someone else doing the labor. A manufacturer that uses distributors is an example of leverage. A franchise that sells it’s system and collects a portion of profits is leverage. An author, who writes a book once and sells it over and over again, is leverage. An actor who stars in a film and the film is shown in theaters all over the world is leverage. Leverage can be created in many ways but if you ever want true wealth you must create a lever and the larger the lever the more wealth. Leverage is the key, so look for leverage in a system you can learn or create leverage in the business you decide to run but find leverage and your profit will multiply equally to the size of your lever.

Inadequate Planning

Creating a plan to achieve your goals is paramount. This should include a “DMO”, “Daily Method of Operations”. Focus efforts can produce the best results just like the magnifying glass focuses the suns rays and creates fire, your efforts can be focused for best results. Having a precised plan with measurements is imperative, for example to say your goal is to improve sales, is a goal without a measure. Instead say your goal is to increase sales 30% in the next 90 days, this is an example of a goal with measure and a completion date. You can clearly measure if you have reached your goal as well as track its progress along the say. Set your DMO and follow it while consulting your goals on a daily basis and make sure you are doing all necessary to meet your objectives. Managing your time is important but focused effort and balance will propel you to success, don’t forget to relax and have fun. By focusing your time, you will surely get better results in all areas of your life.

In conclusion:

We want to make sure you have the knowledge and information, to you make these important decisions. Our Mission is to provide all the support and resources you require to assist you in making an intelligent decision about the perfect business opportunity for you.

If there you are looking for that perfect business and do not currently have one, and what you’ve learned makes sense then revisit our site for further information, or e-mail us at info@ultimatesuccesssystem.biz.

I wish you all the success in your endeavors.

Cordially,

Bart Saxey

The Ultimate Success System Team

www.ultimatesuccesssystem.biz [http://www.ultimatesuccesssystem.biz]

How to understand, to boot and run a successful home-based Business Travel

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Why this is such an excellent choice for a home based business, and How To Get Started

Are you seeking information on a Home Business, or possibly you've read a whole lot and now you are trying to sort out what might be the BEST home based business? This is a long article, but stick with it all the way and we're very confident you'll have your answer(s).

Are you looking for the Best Home Based Business ? Recent polls show that over 70% of people who search the Internet are looking for such an opportunity. But does something like this really exist?

Here's the problem: if you asked ten different people what the "best" home business was, you would probably get ten different answers. The truth of the matter is it really comes down to finding the best one for YOU.

We are all coming from a unique background. Each of us first has different wants and needs, and a want or need will determine what is best. Then we all have different abilities, and yes.. your abilities DO match up to what might be the best for YOU. What's best for a friend or neighbor and might work for them might be a total mismatch for you. This article will give you a good insigte and provide a direction on what is one of the most universally agreed upon as a "Best" business.

We all have different interests and personalities, interests , abilities, and personalities. We have different strengths and weaknesses. We also come from all sorts of different circumstances. So it makes sense that not all of us are going to be interested in the same home based business model.

If there was truly ONE business that was for everyone, can you imagine how competitive that field would be? It would be VERY difficult for anyone to make any money!

You have probably seen advertisements all over the internet about THE #1 income making opportunity. Don't get fooled by all the hype and so-called ways to make easy money. There is no such thing.

That's where this article comes in. This article is NOT a comprehensive list of reviews of the thousands of home based business ideas out there. It's an article that tells you some parameters of a good home based business, then discusses the travel industry. We give you the pros and cons both of a job and being in business; we tell you the history of our industry, and then why it's so good and the place to be right now as it rides two major trends: Travel and the Internet.

I have researched and tried (sometimes failing miserably) many home based businesses, both online and in the real world, BUT, I have found and chosen something that is a legitimate way to make a great income from home. That's what this is about. It's a great fit for me, but because you are NOT me and probably have a different personality (thank heaven!), it may not be for you.. and that's ok. But if you see things as I do, and as is presented here...

The best home based business for ME is a HOME BASED TRAVEL BUSINESS. I know it will also be for many of you.

But other than the fact that I'm just a normal, ordinary guy with no special talents.. and in fact, I'm probably older than most readers at 69 and I started this just last year, this article is not about me. It only points out that about anyone can easily get involved in the home based travel business. This is about YOU and what YOU want from life and your "working hours", whether you are a stay-at-home-mom, a retiree, or any other category.

So the question becomes, out of all the various choices: Why start a online travel business?

We are going to discuss first the "Why", then a little about the various types, and then the "how". This will take some time, so grab a beverage of your choice and read on. In fact, I suggest you print this out while the coffee is brewing so you can really digest it. Mark it up. Pencil in questions.. and let's get going!

First and foremost, when choosing a home based business, it's really important to ask yourself "Why" are you doing this, and are you prepared to take it seriously and treat it like a business? That means regular hours of commitment of time and a commitment of money as any and all businesses you own are going to require some degree of investment.

This is probably as good of a time as any to differentiate between a JOB and a Business. ..

A job, including a home based "job" is one where you are going to essentially be trading time for money, and the assumption is that you have an employer of some sort who is going to pay you either on a dollar value per hour spent, or some dollar value for certain production. That production could be sales production as it often is; it could be manufacturing production, or it could be service production.. so many envelopes stuffed; so many calls made, so many of about anything done. That person is going to pay you for that, but you know that person or company is only doing this because they are going to make a certain amount of money on you. You are essentially paid what the job is worth; what the employer could get a replacement for you for. Regardless of your skills, you are not being paid what YOU are worth, but what the job is worth. For accepting this, you get some degree of security knowing that if you do "the assignment" or "the job" you are going to receive a certain, predictable amount of money. You may even receive some benefits. But the "security" is a joke because everyone knows that there is very little security. First the employer must remain in business. He must have a market for whatever it is you are doing, and markets change.

Next, your value is relative! Maybe that employer has a cousin who would like to do your job, or maybe someone comes along willing to do your job for less money. How secure are you? People tell me every day, "I don't want the risks of a business." Guess again everyone! You certainly have RISK as an employee as well!. And as to investment... well, many businesses have employee borne expenses, and even the IRS recognizes this. It's just that there are SOME "out there" that don't require any CASH investment, but don't kid yourself.. you ARE making an investment, only it's hidden in the fact you're paying it in work and in the sense that you're not being paid as much as you might if you absorbed certain expenses yourself.

In contrast, a BUSINESS, including a home based business, is one where you choose and control what ever it is your business makes or does. It could be virtually anything, and probably the best business is one where you control the product or service. Here on the internet, Information products are tops; these are followed by service products. Then comes those things you manufacture or make, and finally, there's the category of items someone else controls but makes available to you for resale. Affiliate programs fall into this category. But you really need to be aware that if you are going to have a BUSINESS you are going to have business expenses, even a homebased business. These are the expenses of the office first, and then you may need to have some product or have been a user of some of the service so you truly KNOW what you have and can do business from a credible point. The product or service should be one of value that if you were the buyer, you'd consume it yourself at retail. Watch the line though... you don't want to is get into a business where you are required to purchase X dollars amount of product every month, whether you can use this or not. That's not a legitimate business.

Depending on your philosophy, you'll probably agree that it is very important to choose a business that interests you. Pick one that you will enjoy doing, ideally something you are passionate about. Think about it, if you are going to start a business from home, it makes sense to choose something that you will enjoy. And if you enjoy it, then you'll probably learn more quickly and have your heart more into it when the going is tough.

But we'd put just a couple things ahead of this and put "enjoyment" as a luxury. Those things are market size and market growth. Where is your business product or service in terms of life cycle? Is your market expanding and you can ride a wave, or is it declining. And what is the market size and potential. Will there be a business available for you in 5 years? Ten?

Then lastly, we'd probably mention that the business should be ethical and compatible with what you believe. Many people who research businesses, particularly Internet businesses, know that the porn and gambling industry meets the criteria of growth and market size. You may be tempted to look in those areas, and if you are, kindly close this report or article and tear up you paper copy. This is not a part of the business world we want anything to do with. Money and income is just not that important to us.

After evaluating many, many, many businesses and participating in several since 1969, including an early successful involvement with Amway, then Free Life, and a couple others, including a few that just didn't "go" for us, we became aware of the opportunities in the online travel business. This is a business model that has just evolved over the past few years, and is now in full momentum.

It is also important to be a part of trends. Fortunes are made by riding trends. Currently, travel is a trend to the tune of 6 trillion dollars a year! By 2010, that number is estimated to be 14 trillion dollars!

Think of all the baby boomers that will be retiring in the coming years. And what do people like to

do when they retire? What would you like to do when you retire? If you're like me, travel is probably very near the top of that list.

That is why the travel industry provides the perfect business for opportunity seekers. It is simply taking advantage of a trend that is just starting to gain momentum. When looked at as a home based business, it rides the second trend: the growth of the Internet as a business medium.

Let's look at how and why this has evolved into a viable Internet Based Travel Business.

People "booking travel" for others has evolved possibly in three stages. We also should consider the two major market segments: Business travel and personal or leisure travel, and in the later category, we'd include as a very close association, travel and leisure and recreational activities and lodging. We are going to focus on personal leisure travel and recreational travel market.

STAGE 1: Probably dates back about 75-80 years when the primary mode was train and ocean liner. There were no condos, few motels, and little air travel. But there were many lodges and luxury hotels. We've all heard of the Biltmore and others. And there was some degree of business travel, but not to the extent we had a few years ago before travel (particularly sales meetings) became so expensive. Other than those vacations to places like Atlantic City, travel was really more in the hands of the more wealthy part of the population, and most of THOSE people just did not want to be bothered making their own arrangements, or even checking places out. A small cadre of "travel agents" was born, although they probably had many more duties along the line of concierge, personal assistant, etc. In large companies, specialists were brought on board to do those arrangements... and seek out bargains and discounts for their companies.

STAGE 2: Now we have more cars, the DC-3 and early airlines are starting to emerge. We have reliable telephones; we have some early forms of fax but the telegram was the primary means of communication on short notice as mail took longer, and people are becoming aware that they can earn money booking travel for others. Providing essentially two services: Knowledge of destinations and Administrative tasks such as actually buying the travel arrangements on behalf of a third party. That third party could be a business or an individual.

Natural business evolution follows and at first small partnerships were formed because now two people might have the knowledge and experience of two different travel destinations, but as a single entity (the travel agency) be able to offer clients more options. Then this single agency could bring more volume to a travel provider such as an airline, hotel, etc than a single person, and hence negotiate better discounts, or as more often was the case, better commissions as not all discounts got passed on. Everyone benefited.

Airline traffic was particularly challenging to book, and in the late parts of Stage 2, computers began to come more and more into play, although they were both expensive and highly specialized. The affordable home computer had not yet really evolved and there were limited travel networks. Travel agencies could afford these computer systems and gain access to the various vendors, which at that time were mainly airlines, and book travel conveniently and easily. This was about to change!

STAGE 3: Change took place almost over night. The airlines deregulated as one part, and competition evolved to a point where commissions were almost non existent to the agencies. The Internet and access to travel databases within the airlines and hospitality industry literally exploded into being, and now EVERYONE had at least almost nearly equal administrative access to the services and could bypass the agencies which started going out of business at an alarming rate. The one thing certain agencies DID retain was a cadre of people who HAD traveled and did have personal experience with various providers... resorts, cruise lines, etc. But as profits to the providers themselves started to decline, so did the availability of FAM trips, and there were fewer agencies.

But along with this evolved another trend! The population is growing and there's more travelers available, particularly in the leisure market than ever. And many of these travelers just don't have the time to really do the research, or even to truly shop for the best and lowest costs.

But individuals devoted to and loving to travel such as stay at home moms in travel find that they can provide the same services that the old large agencies did!

All they needed was a vendor willing to work with them, and at this time, new vendors started to emerge.

The emergence is primarily in the area of recreation and resorts as unlike the airlines which have cut back and in many cases have a SHORTAGE of seats and product, resorts (and cruise lines) have continued to build and expand where today, they have an excess or surplus of inventory except for very limited times of the year.

The question becomes: How do we fill these empty rooms? These empty staterooms? These empty golf courses? These unused campsites?

The answer is: Through You!

But you don't know where they are, or how to negotiate the pricing.. but a newly evolved list of consolidators do! Currently there are three major consolidator groups doing business in the USA, and one stands out above the other two as it has more contacts, more experience, more inventory, and essentially a better pay plan offering the customer more options. What YOU have is a list of contacts or the knowledge and time to introduce the traveling public to these options. Because you are working with the suppliers of SURPLUS inventory who is willing to fill these vacancies at deeply discounted rates, you can pass these rates on, if only you knew how to get your hands on them.

Actually, about anyone can get their hands on any one location at any time at a discount, and many people have been doing that using services such as Orbitz, Travelocity, and others But these are very sharply targeted and focused, and deal much more with just hotels, car rentals, and to some extent, airline travel. One can pick up a major magazine or metro newspaper and find condos for rent from owners, at discounts. But again, this is very limited.

How Do You Get Started?

First, you learn about the 3 major consolidator firms offering travel, and if you just let the word out that you are looking for a homebasd travel agency or company, you'll find that these people find you very quickly. Or you can do an Internet search using terms like that and find them. Most of the firms have a fairly similar makeup in that they are offering an entire travel package or membership for a fee. This entitles the purchaser to the inside track on deeply discounted travel services.

If they are essentially all the same, what do you look for? We focus in a legitimate business first on product, so we look for product value. We look for a company with flexibility and a product mix. Not all people want to travel internationally, so is there just a domestic package? What is offered that you or your customer can do when they get to a destination? Are there name resort and theme parks? Golfing? How about great meal discounts, as we all "eat out" when we travel? We know cruising is "big" but we know the cruise lines vary from very family oriented to "swinging singles". Is there a good mix? How about time limitations on the travel package?

As a business, what kind of support tools are available? Training is a must, and is it real, and in real time, with real live people you can talk to and ask questions of? A solid, reliable web site is a must. Does the firm you are looking to join provide one? None will do a good site free, but is this a fair and reasonable cost?

Will you have access to a personal mentor? Can you become a certified, card carrying travel agent as well if you want?

These are but a few of the questions.

The "How Do You Get Started" in the home based travel industry is best summarized by 3 words: "Do Your Homework"

Well, now that you know some of the history, let's look at a couple more things, starting with some of the advantages of this, particularly in comparison to other options you may have selling nutritional products, informational products, skin care, diet products, or many others.

Aside from the money making potential in our industry, there are many other advantages.

It is easy to start. This facet never ceases to blow me away With the invention of the internet, businesses that have traditionally always been brick and mortar establishments are now available to all of us. The internet makes it easy for everyday people like you and me to start a small business online. We can reach people all over the world, 24 hours a day, 7 days a week from the comfort of our own home. People can be checking out your business while you are sleeping, on vacation, or whatever. Phone services like Skype let us actually talk to people all over the world (one of us might be sacrificing some sleep due to time zone differences, but technically, it's possible!)

Your business is relatively inexpensive to start, particularly compare to a more standard travel agency business. Because you no longer need a regular office, insurance, and employees, businesses. In fact, if you set up a legitimate IRS qualifying home office, many of the costs you have at your current home now become tax deductible (see your accountant, and if you don't have one.. get one. Maybe you can even barter some travel services for HIS services).

Your potential clients include almost everyone. Who doesn't like to travel or need a vacation? And if the economy slows, your business grows! Previous travelers who thought nothing of paying full price now start to look for discounts.

You can save a lot of money on your own travel.

What's the point of owning a business if you don't get some fringe benefits? With a home based travel business, you become eligible for some incredible discounts. And because you are your own boss, you will have more free time to go on vacation and take advantage of these discounts.

Is there a downside to a home based travel business? Sure, there is in any business.

Travel is a very competitive industry.

In order to have an edge, you have to differentiate yourself from the rest by branding yourself with a superior product. Those who read this article and find a specific interest and contact us as the author will be given some very specific knowledge on how to do this and succeed.

Other than that, I have not come across any other disadvantages to a home based travel business.

We hope you have found this article to be greatly helpful and look forward to seeing a few of you join us in this exciting industry soon.

This writer has over 25 years experience in the home based business industry and writes about the most current and successful business trends. His business using this technology can be seen at http://www.best-homebased-business-online.com

What to look for in a home based business opportunity

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When you were younger, did you ever dream about having your own home business? Were you sidetracked somewhere along the way and now find yourself caught in the 40-40-40 rut?

40-40-40 Plan (Rut)

40 minutes going to and from work

40 hours of work per week

40 years of life spent working slaving away for someone else?

When things get unfairly tough at work, do you still dream about your own home business – what you would do, how you would run your own home business, how you would treat your employees, what kind of money you would make, what product you would sell? Then when you decide to make a change in your life, do you look for another 40-40-40 job, putting your dream of your own home business on the back burner again for more of the same?

Do you know the end results of the 40-40-40 plan?

1% are wealthy enough to retire in comfort

3% are barely able to survive

27% are dead

69% are dead broke

Do you want to be in the top 1% that is willing to do something about it now, before it is too late? Being a former Human Resource Manager, I knew these statistics all too well, and I decided to take preventative measures.

Since you are still reading this article, I am going to assume you are looking for a change, moreover, a change as quickly as possible. So, let me share some of the wisdom I have gleaned from looking for a home business opportunity.

The two major focal points when looking for a home business opportunity are ones that will:

· optimize your efforts and time

· produce optimal financial rewards

Below are seven simple criteria to consider when looking for a home business opportunity:

1. Look for a business opportunity that offers a product or service that is, or will be, used daily by every household and/or business…

Think about products or services in your house that probably everyone around the globe uses on a daily basis. For example, services such as utilities, communication, appliances, etc., or products such as shoes, clothing, soap, etc.

Now think bigger – a product or service used on a daily basis AND that would represent a paradigm shift. For example, a paradigm shift was created in global communication when Alexander Graham Bell invented the telephone. Before 1885, no one had a telephone, nor had they ever heard the word “telephone”. Today, how many people do you know that do not have a telephone or cell phone?

Another paradigm shift was created when the first flight was made by the Wright Brothers in 1903. Today, man has already stood on the moon. Make yourself a list of products or services in your house that you can research to consider for a business opportunity.

2. Search for a home business opportunity that offers a product or service that has a global market…

It’s a small world. Plain old common sense would tell you that a home business opportunity with a product or service that has a global market would produce warp speed revenue when compared to one that is only within a local, regional, or national area. For example, the revenue produced from Microsoft with a global market is light years greater than that of a local shoe repair shop.

In addition, as you research this global home business opportunity, you will want to make sure that you are not required to stock products. It is time consuming to order products, receive and send out the products, manage backlogs, etc., not to mention the additional costs out of your pocket for shipping and mailing. You also encounter product changes or upgrades that makes your stock obsolete. So, avoid these types of home business opportunities like the plague.

3. An absolute must! Find a home business opportunity that incorporates leverage in its pay plan…

A business opportunity that incorporates leverage in its pay plan provides the best of both worlds. Leverage is a relatively simple concept. The best example is probably Ray Kroc and McDonald’s. Ray Kroc set up franchises for McDonald’s that agreed to pay him 3% of their profits.

In essence, McDonald’s sits back and collects 3% of the profits resulting from others exerting their time and their efforts. Let’s say, just for discussion purposes, that Ray Kroc sold 100 franchises and each produced profits of $50,000 that year. 3% would have produced $150,000 for Ray Kroc, yet he personally exerted no effort or time himself. What he did do though was brilliant, as he applied leverage by selling franchises, and became quite a wealthy man as a result.

Leveraging your home business will minimize your time and effort while maximizing your financial rewards. In a relatively short period of time, your home business will take on a life of its own, and you will be on the fast track to healthy wealth.

To find a home business opportunity that will rocket you into financial freedom, the company should incorporate leverage, not only in their business plan, but also in their financial rewards, preferably on a weekly, monthly, and annual basis – one of which should be residual. Residual is important because you want some form of steady income that you can depend on.

4. Search for a home business opportunity with a company that has live 24/7 support available…

Perhaps you have experienced the nightmare of attempting to make an automated payment where you could not figure out which button to push next, or what they meant by their selection choices, and you were unable to talk to a real person to get your question answered. The frustration even compounds when there is a deadline involved for a continuation of service.

Repeat customers comprise 75% of businesses, and satisfied customers will be the main reason for their repeat business with you and your product or service. Even in this automated society, the person-to-person contact is preferred, at least by the customer. Therefore, your success is dependent upon a home business opportunity with a company that has live, warm bodied live support 24/7 – whether it is support you may need, or support your customer may need.

Another important aspect of a home business opportunity with a company that offers live support 24/7, is the global perspective. What is morning for you may be the next day for someone else on the other side of the globe. To be honest, I am hard pressed to think of an international company with live personal support. Locally, they are even hard to find! So, when you locate a global home business with a personal touch, you have found a true gold nugget.

5. Seek a home business opportunity with a company that has a proven success record…

A lot of people, and a lot of companies offering their business opportunity, will tell you anything they think YOU want to hear in order to separate you from your money. When you talk to someone about a home business opportunity – turn the tables. You interview them.

Don’t be afraid to ask the hard questions like what they are making on a weekly, monthly, or annual basis with their home business. Ask them how long they have been running their own home business. Find out how many hours a day, week, or month they spend working their business. Ask them to give you examples of how they market their home business. Especially important is to ask if they have to spend additional money for items such as business cards, advertising tools, etc.

An example of a company with a proven success record is Xerox. Although Xerox is not a home business, it has a proven success record. In fact, they were so successful that their name is not only an icon, but the name “Xerox” is synonymous with the word “copy”.

6. Look for a home business opportunity with a company that incorporates training from experts and other professionals…

The majority of people on the Internet do not know how to harness the power of the Internet and turn it into wealth machine for themselves. Most people do not know how to market a home business. Therefore, a home business opportunity with a company that incorporates professional, expert training, taking you from the basics thru the advanced stages of a marketing system, including how to use software programs, marketing tools, etc., is a virtual gold mine.

Since the majority of people on the Internet are not savvy with how to harness its power, a home business opportunity with a company that incorporates professional expert training is a definite requisite for success.

7. Look for a home business opportunity where the company works as a Team.

We all have our own weaknesses and strengths. We all like to have periods of “fun” when we work. When you have a business opportunity where the company works as a team, then your weakness may be a team member’s strength. For example, you may be detail oriented and have a harder time conceptualizing or seeing the whole picture. However, someone on your team may be the opposite. Combining your strengths will optimize your productivity.

In addition, we all have our “good” days and our “bad” days. Have you ever been around a negative person for any length of time? They pull you down too! If you have your own home business, you need to be upbeat and project a positive outlook at all times. So, when we have one of our “bad” days, it is always helpful to have someone from the team help to re-focus on the positive. Then when all are sitting around on the beach somewhere sharing war stories and battle wounds, everyone will have a good laugh.

Well, those are my nuggets of wisdom when looking for a home business opportunity. If you would like to minimize your search time and discover a home business opportunity that incorporates all 7 criteria, I can offer you one final nugget -- simply go to: [http://www.globalsnippetes.com]

**Attn Ezine editors / Site owners **

Feel free to reprint this article in its entirety in your ezine or on your site so long as you leave all links in place, do not modify the content and include the resource box as listed above.

Dee Scrip is a well known and respected published expert author of numerous articles on Home Business, Business Opportunities, Fundraising, VoIP, VoIP Security, as well as other related VoIP issues. Other articles can be found at [http://www.globalsnippets.com], http://www.free-pc-phone.com

You want all and with it with an MLM Home Based Business

Not everyone should join a home based business MLM. Are quite easy to start, easy to join, but just want to leave a job is not a sufficient reason. You'd want badly enough to stick with it long enough to see your efforts mature.

You may want all – the American dream – and you can have.But I'm sure you have what it takes? Can answer Yes to these questions?

Do you have car insurance that even when the road seems long and not happening as fast as you thought, you can continue working at it? Discouragement will hit – especially during the first six months.

Is the most important for any business startups. Know ahead of time that everything is not always easy and not have an action plan in place for when you get off on being in business for yourself.

Can start with the end in mind? Thomas Edison failed when trying to invent the light bulb 10,000 times before success came at last. Suffered a life rife with setbacks, but he didn't give up, because he kept his eyes firmly fixed on what he wanted.Success not circumvent Thomas Edison, because he refused to leave him.

Are you willing to go against the crowd?There will always be people that will tell you why something can't be done. There will always be people who are doing exactly what says the first group is not possible.Success with a home based business MLM is for those who do what others can't – or not.

You have the character to work even when there is no boss demanding accountability for your time?In marketing, you are the owner. you have to act like a pro and this means that we will work to develop your business, even when you prefer to watch the Red Sox or Yankees game.

Although there's a huge sales at the Mall and you're going to lose on the savings of the year, you're working instead. life as a marketing can be fun and rewarding, but it's a business – and the only way to get around is to give you your best regularly.

You can ignore distractions? at home is not as work from an Office in a building of miles apart. at home, you have the distraction of television, the telephone call, the recall of computer games and if you are a parent – children.

Can stop them all out until you have done your work for the day? from a MLM home based business can have everything, if he so wishes. fancy enough to have the courage to get started and keep going regardless of any obstacles get in your way.

Tags: American dream, thomas edison, car insurance, light bulb, sufficient reason

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