That One Simple Thing Can Destroy Your Business? 3 Ways A Professional Bookkeeper Will Save You $$$

Some small and medium business (SME) owners try to do their own accounts or they may employee a bookkeeper directly. This can be fine if you are lucky enough to recruit a good bookkeeper directly, however unless you have an accounting background and a thorough understanding of the accounting software involved, it can be difficult to know what questions to ask at the interview process.

Even if you find someone who looks good on paper, unless you know what reports to ask for it can take months to pick up if they are performing or not. Over 50% of clients that come to us have had a bad experience trying to employ a bookkeeper directly. Usually within the first week we uncover things such as:

• Double payment of creditors invoices

• Underbilling of revenue

• Incorrect GST coding usually resulting in underclaiming GST Credits

• Miscalculation of superannuation and payroll tax of employees and contractors

These mistakes can be very costly and sometimes terminal for some businesses.

Here’s 7 ways a professional onsite bookkeeper will save you money:

1. Help you work “on your business, not in your business!”

I know, it’s an old chestnut from that fantastic book E-Myth and which forms the cornerstone to most business coaching strategies. It is the key to being able to grow any business and applies to bookkeeping as with any other part of your business.

If you employ a bookkeeper, you still have to monitor the quality of their work, when they work, when they take holidays, etc. By outsourcing all of your accounting and bookkeeping functions to a professional bookkeeper, all of your accounts duties become their responsibility and you can focus on growing your business, with the confidence that you are receiving accurate reports on your performance and meeting all statutory obligations.

2. An onsite bookkeeper gets to know your business

There are some bookkeeping services that offer to take care of your accounts from their office which could be based anywhere in Australia or as far away as India. This involves transferring source documents either electronically or physically back and forth from your office to theirs. While this can be fine for micro businesses, it can prove difficult once your business begins to grow.

Before you can provide meaningful management reports, you need to know how a business operates and what are it’s key performance indicators. The only way to achieve this effectively is to get to know the company and the people who work within the company. This can only be done by performing the bookkeeping functions at the clients premises.

3. There’s “bookkeepers” and then there’s “bookkeepers!”

There can be a huge difference in skill level of people that call themselves bookkeepers. Just as an apprentice “chippie” and his boss with 30 years construction experience may both call themselves “builders,” people representing themselves as bookkeepers can range from data entry clerks through to qualified management accountants.

A professional bookkeeping firm should be accredited in the accounting software used by your company and they should have qualified accountants to support their bookkeepers to enable them to provide a management accounting level of service.

I hope this gives you some ideas of how using a professional bookkeeper can save your business money.


7 Ways to Network Your Way Out Of a Job and Into a Work At Home Career

Everyday you can read articles about how people network and find another job. You can find countless numbers of books and articles on how to create relationships to find jobs that might not otherwise be known. But what about people who don’t want to work?
   
I am not talking about a lazy person without any ambition. The person I am referring to is the unemployable, the serial entrepreneur or corporate refugee. If you are currently working in a job and what you want is not another job but to become a work at home entrepreneur networking can still be for you. 
                 
Here are 7 networking strategies you can use to catapult your work from home career.

1. Create your own Board of Directors. IBM and Microsoft are not the only ones who should have a boardroom team. As a home based business owner you want to have a group of people who you can meet with, mastermind and get advice from.
 
Often times they may see skills and talents in you that you might not recognize. Once you have identified what your business goal is you have the opportunity to leverage the power of six degrees of separation. Six degrees of separation is the principle that anyone on earth can be connected to another person on the planet through a chain of acquaintances that has no more than five relationships apart.

2. Join Networking Organizations for Entrepreneurs. Successful business owners like to connect with each and expand their relationships. Look for organizations that have business owners in the same area of interest as you. Don’t just see them as competitors. Look for opportunities that you might be able to assist them in some way. Here are a couple of groups to consider:

The Chamber of Commerce

BNI (Business Networking International

Le-Tip

Rotary International

Each of these organizations have different personalities and cultures. Attend a few meetings before you call one of them home. Know what you ultimately want. Basil S. Walsh states, “If you don't know where you are going, how can you expect to get there?”

First establish in very specific detail what you are going to achieve. Did you notice that I said going to achieve? Life will give you exactly what you expect from it. Start with the end in mind.

Now is the time to dream big and visualize what your life will look like when you are a successful business owner. Don’t worry about the how. Simply set goals by asking yourself some key questions such as:     
     
A. What would I love to do even if I did not get paid for it?

B. How many days will I work each week?

C. What type of work from home business am I interested in?

D. Where will I live?

E. What do I like to do?

Determine what you need to happen to get out your job. Do you know how much you need to make in your business to leave your job?  What is your financial freedom number? Your financial freedom number is the amount of income you need to have coming in passively each month to cover all of your expenses.

One of the reasons you want to know this is when you are looking at home based business income opportunities you want to choose one that has the profit potential you want and need. If your financial freedom number is $5000.00 per month you don’t want to choose a business that does not have the potential to net that on a passive basis.

As you are networking and meeting new people you can analyze the business opportunities that arise from a totally unemotional point of view because you are clear about your goals.
   
3. Remember it is better to give then receive. One of the biggest problems I see with networking is most people go in it to see what they can get first before they give. Always look for a way to be of service to the people that you meet first. There is a universal law of reciprocity. You will always get back more than you give out. As you get to know people think about how you can help to enrich their life or help them towards their goals.

If you read an article or run across something that might be of help to them send it. When you have a genuine interest in others success you are blessed through your giving.

Some people call it karma and others say you reap what you sow. My life’s experiences have been blessed more than I could have every imagined whenever I give.

So look for ways to contribute. You may be able to do this in a variety of ways:

a. Volunteer to work with them some way.

b. Introduce them to people in your network that could help them.

c. Send notes or articles that might be areas of interest or     
could help to increase their business.

4. Learn how to joint venture or strategically partnership. One of the fastest ways to get out of your job, launch a business or simply make some money is to create a joint venture with someone.

Joint Venturing is a way to take either yourself or two other people who could profit from working together but simply did not have the relationship. You profit from making the connection.

For example you know a veterinarian has a large practice with a list of over 700 clients. You also have a relationship with a new pet groomer in the city who is trying to increase his business. You put the two together and every time the pet groomer gets a new client due to your structuring this deal you get paid. We call this mail box money. Money comes in your mail box whether you work or not.

5. Set up a written networking plan. I am amazed at how much time and effort people will spend to find a new job. However, when it comes to designing a plan to exit the rat race they do it almost haphazardly. You will be much more effective if you have a written plan. The plan does not have to be elaborate. Here are some of the basic things you want to cover:

a. What is my goal?

b. Who do I want to meet?

c. What events should I focus on?

d. How often should I be networking?

6. Attend seminars and boot camp events. Specialized knowledge is one of the keys to being successful in a home based business. When you attend boot camps and seminars you able to surround yourself with like minded people as well as learn from the experts.

However, if you really want to make these educational experiences profitable do three things:

A. Introduce yourself to at least 3 people and get their cards. Ask them why they are there and what they hope to get out of the event. Exchange numbers and ask, “What is the single most important thing you need help in making your business venture successful?”

When you ask this of someone else you will genuinely get to know someone and you may be able to help them. In addition, out of respect they will want to know more about you and a new relationship may be formed.

B. Go to lunch with someone you meet at the seminar and tell them the things you learned so far and will implement. There is something about speaking your goal out loud that will make it real. If you immediately implement one single action every time you learn something the results will grow exponentially.

C. Introduce yourself to the speaker. Sometimes this can be difficult if the event is large. However, if there is a book signing buy their book so while they are signing it you can ask one question. My question is, “What is the single most important skill you contribute to your success?”  You might like my question or you can come up with your own. The point is you have a great opportunity to network and learn from someone who is a master at their craft. Seize the opportunity.

7.Have a goal for every networking opportunity. Simply going to an event and "working the room" almost never yields any measurable results. Before you attend any event know what you want your outcome to be in advance. Are you going to meet specific person? How will you insure your introduction? Make sure you have crafted out a plan and enlist support from someone to help you execute if needed.

For example, if you want to meet someone ask the host of the networking event if they know the person and if they would be willing to introduce you. Your chances of success are almost guaranteed due to the nature of the event.
   
Networking is often an overlooked opportunity to find a way out of the rat race. If you want to look for a work at home career, connections can be a key to rapid success. Get the inside tips and discover 7 ways to network your way out of a job.



Here's a Few Reasons to Send Business Christmas Cards

The holiday season will soon be upon us, which means that it's time for businesses to start thinking about Christmas cards. If you've never sent business holiday cards, or don't make a point of sending them out every year, here are five reasons why you should start:

1. Meet Expectations. Although the adage, "It's better to give than to receive," is a sentimental favorite, those with whom you do business expect to be remembered during the holidays. Holiday greeting cards help smooth your business relationships during the rest of the year by meeting expectations during the Christmas season.

2. Improve Customer Relations. Whether you have a business-to-business enterprise, provide a professional service, or own a retail store, chances are that your success is built upon maintaining relationships with your customers and clients. Christmas cards show your customers and clients that you appreciate their business, and that you want to share the spirit of the season.

3. Cost Effective. Perhaps you already buy holiday gifts and remembrances for your best customers or clients, but business holiday cards allow you to reach many more people for relatively little money. You can purchase personalized business holiday cards for as little as $1.40 each, including options to select among many different styles and verses, several colors of ink, and imprinted envelopes. This is an excellent investment in your business.

4. Excellent Return on Investment. Chances are, you and your company receive business Christmas cards from your vendors and suppliers. So, you understand the warm feelings that arise when you read their holiday cards, and you probably experience a "carryover" positive impression when you do your purchasing in the New Year. If you doubt that business holiday cards generate an excellent return on investment, ask yourself this: All other things being equal, which company would you choose to do business with - the company that sent you a holiday card every year or the company that only contacted you when it was time to reorder or collect payment?

5. Limitless Choices. With the rise of Internet and ecommerce, companies have an unprecedented opportunity to select business Christmas cards that reflect their company's image and values. The best online sources for business holiday cards have a wide variety of high quality card designs. In addition, the best online greeting card companies offer a free choice of verse, free coordinated foil-lined envelopes, free samples of Christmas cards, and a multitude of choices for personalization.

In today's business world, you need to take advantage of every opportunity to differentiate your company from your competition. Sending business Christmas cards is a small gesture than can mean improved customer relationships and an excellent return on investment. You really can't afford not to send holiday cards to your customers, clients, and associates.


Home Based Business Tip: 5 Lessons Your Kids Will Learn By Starting A Business

Kids need to be kids and enjoy their time as children. But, at the same time, as they get older, they also need to learn to make money and function in our society as responsible adults.

Oftentimes, they get a job at a Burger Joint, where they learn how to listen to a boss, and how to work with others, but then they may also have to give up some extracurricular activities, study time and time with family. Not terrible things, but enough of a challenge that many families are helping their kids start their own businesses.

Why? Let’s compare the lessons your kid is learning working at a burger joint verses starting a business.

1. Responsibility.

Burger Joint: Yes, it teaches responsibility. You need to show up for work and do a good job or your boss and co-workers will get mad at you.

Entrepreneur: Teaches you responsibility as well. You need to work hard or you won’t get paid.

2. The Value of a Dollar

Burger Joint: You learn that time is money.

Entrepreneur: You learn that creativity, ownership of responsibility and hard work is money.

3. How to Market Yourself

Burger Joint: Teaches you how to fill out an application and go on an interview to market yourself. You do this once and then you’re done.

Entrepreneur: You have to market yourself and your business on an ongoing basis if you want to make any money.

4. Customer Service

Burger Joint: Service with a smile or your boss may reprimand you.

Entrepreneur: Service with a smile or you don’t get repeat business and your income drops.

5. Banking Skills

Burger Joint: You learn how to collect a paycheck and how to deposit it into the bank.

Entrepreneur: You learn how to budget for advertising costs, taxes, and expenses and weigh them against your profits. You learn to deposit your income into the bank and write checks to cover expenses. You learn how business works.

As you can see, both options have benefits. As for which option you’ll choose? That’s up to you and your child.


5 Good Reasons to Incorporate Your Business Online

You've decided to incorporate your business, but aren't sure how to proceed. Incorporation is a process that involves lots of decision-making, paperwork, and legal processes. Thankfully, you don't have to go far to learn the ins and outs of incorporation. You can now incorporate online with helpful services that are just a click away. Here are five good reasons to incorporate online.

1. Never Leave the Home or Office

One reason to incorporate online is you can get all the help you need from the comfort of your own office or home. With online incorporation, you'll have all the facts about corporations at your fingertips. The incorporation services provided online usually come from those who are experienced and can provide you with the paperwork and guidance needed to ease the process. You'll save time and many headaches by using an online incorporation service and you won't have to run from one place to another trying to determine what is needed.

2. State-by-State Incorporation

No matter what state you plan to incorporate in, you can incorporate online within minutes. Many online services are equipped to handle incorporation paperwork in multiple states. The services can provide you with detailed information about the state such as the fees to incorporate a business, total cost for incorporating, how long the process will take, and the steps or paperwork required to incorporate in that particular state.

3. Incorporate Quickly

Some online services may offer expedited incorporation services. This service can be useful if you need to incorporate your business in a hurry. Expedited service often costs a little more, but can be well worth it if you need it fast. By choosing this option, your business might be incorporated within 10 days or less.

4. Know all the Facts

When you incorporate online, you can know all the facts about incorporation before deciding to take that final step. You can take time from your home or office PC to read about forming a corporation, the requirements involved, and the pros and cons of incorporation. This will enable you to make an informed decision and determine the proper direction for your business.

You can also compare different forms of business, such as Corporation, S Corporation, forming an LLC (Limited-Liability Company), sole proprietorship, and partnership. For instance, to form an LLC and a corporation is similar in some ways, but very different in others. LLC formation should be carefully compared to incorporation before making a decision.

5. Save Money

To incorporate online is often more affordable than hiring an agent or attorney to do the paperwork for you. Online services are able to operate with minimal expenses by providing Web forms and information via the website. These savings are passed on to you and enable you to incorporate your business with a minimal investment.

These are only a few reasons to incorporate online, but there are many other benefits. Discover all that incorporation can offer for your business today, and watch your business soar to new heights!


Affiliate Marketing Rule of Thumb Tip: What NOT to Sell on the Internet

Rule #1: Don't sell something people can easily buy at the local supermarket!

Or mall, or hardware store, or electronics shop, or sports store, etc. etc.

Why would people go online to buy something they can easily get on their regular weekly shopping trip?

Unless you can offer something truly unique -- such as a lower price or a hard-to-find product -- you'll find it tough to compete with the convenience and the lack of shipping costs those offline alternatives offer.

Rule #2: Don't sell a "time-sensitive" product!

If you try to sell something people need RIGHT AWAY, you're going to have a hard time convincing them to wait a few days for it to be shipped to them.

For example, if you do proper keyword research you'll see that thousands of people do searches every month on the keyword, "cure sore throat fast."

But here's the challenge: If someone wants to cure a sore throat fast, do you think they're going to wait for you to ship a herbal remedy? No! They're looking for immediate results. And once their cold has gone, their desire to buy any kind of cough remedy will vanish along with it.

Rule #3: Don't enter a market with a massive amount of competition!

If there's already a huge number of savvy marketers selling to your intended market, you should probably choose a different market.

Take world-famous online "shopping mall" Amazon.com, for example. They're one of the hugest online vendors out there. If you decide to start your own catalog site selling a general selection of books, or music, or DVDs, how will you ever be able to compete with an industry giant like Amazon?

Unless you figure out a way to offer a lower price (doubtful) or cater to a very specific niche Amazon hasn't yet tapped (difficult), you're going to have a hard time getting your business off the ground.

Nothing is impossible... but the more competitive a market, the more time and money it will cost for you to become successful.

If these rules seem ridiculously obvious, then I apologize for wasting your time. But I had to mention them. Every day, I see budding entrepreneurs break these rules and spend weeks... months... and even years working extremely hard for minuscule results.

And it frustrates me, because I know it didn't have to be that way.

If you want to learn how to find hot products that people are absolutely GUARANTEED to buy -- before you even start selling them! -- you can discover the formula that teaches you exactly how to do it in Step One of my best-selling course, "SaleHOO".

If you're just getting started online, you cannot afford to choose the wrong product! That's why we recommend you check our "SaleHOO" to showing you how to choose the right product. You can let them hold your hand and walk you step-by-step through this entire proven process.

Or you can base your business on guesswork and hope for the best... but I hope you'll take my advice instead. :-)

CLICK HERE FOR MORE DETAILS ON HOW TO GET STARTED WITH "SALEHOO" TODAY!

Affiliate Marketing Tip: Super Affiliate Fuel

All of us are suffering from information overload with sales pitches on the internet about how easy it is to earn cash online.  It isn’t.  Like most worthwhile things, it’s hard work.  The good news is it is entirely possible with a little help.

So – how determined are you to join the top 5% earning serious money?  If you are merely interested, you will work at it only when circumstances permit.   But the committed affiliates accept no excuses, only results.  Few of us are born geniuses but if we’re not too proud to ask, we can get the answers we need.

Those who reach a barrier in their marketing efforts go one of two ways.  Either they will stop right there and give up online, or they will choose to get advice from an expert.  If those high achievers like Tiger Woods and Donald Trump got where they are with the best of coaches, why shouldn’t you have one for your marketing endeavors?

In today’s competitive marketing having a coach is not a luxury, it’s a necessity.  Consider this:  when writing an ebook, a business report, or a manual there are only two steps – starting it and finishing it.  When you put your entrepreneurial idea into action you initiated the same two steps.   Coaching is available to help you with the second step by offering that extra wisdom and encouragement that carries you to the finish.

There is no quicker way to make a living online than with Affiliate Marketing.  You don’t need a product, you don’t have to accept payments, you don’t even have to fulfill the order, plus -- you jump in at no-cost!  How cheap is that for a startup business?  After all, what is the role of an affiliate?  It’s to gain sales for a company by endorsing their products.  They are blessed to have you on their team.

It’s easy to waste years of your life trying to get enough knowledge to be a Super Affiliate; the kind that gives you good rankings in the search engines, quality traffic to your website and an income large enough to smile about.  The problem is that you don’t have that much time before you go broke.   The only way all of us jump ahead of the learning curve in business, sports or hobbies, is to learn from the expert.  Like Tiger, and like The Don.

You are probably working way too hard for way too little results.  So here’s a question -- and it’s not a trick question:  how would you like to become a top-selling affiliate for whatever program you choose?  I’m dead serious when I tell you that you can accomplish this dream with a bit of fuel… no matter what program you are promoting today.

The Forrester Research predicts that affiliate programs and affiliate networks will produce $280 billion annually in e-commerce sales by 2008 - double that by 2018.  Yes, that was a "B" as in billion!  In most affiliate programs 5% generate the vast majority of the sales.  If you are not in that percentage and want to be, you’ll have to change what you’re doing.

Super Affiliates account for more results than thousands of minor affiliates combined.  Companies wishing to attract Super Affiliates must be willing to offer them something extra;  higher commissions or conversion rates.  This knowledge alone should encourage anyone to seek the fuel needed to become “in demand”.


Make Money Tip: Is Drop Shipping a Realistic Way to Make Money Online?

Drop shipping, for those who are unfamiliar with it, is a system whereby you promote the products of a particular manufacturer, take orders directly, and the manufacturer/source handles all the inventory and fulfillment functions for you.

In a nutshell, here is the drop-ship system:

==> You generate and accept the order.
==> You take your profits out of the sale price.
==> You forward the order and the wholesale cost to the drop shipper.
==> The source factory ships directly to your customer.

The benefits of this arrangement are probably obvious: No inventory cost to you.

* Substantially higher profits to you over what most regular affiliate programs allow.
* The ability to quickly set-up inexpensive, highly targeted, niche or mini-sites to test and promote diverse products.

This process has been around for years and has been responsible for many highly successful mail order dealer relationships in the past. Many of the top catalogers and other direct response marketers, have been using this system to increase profits for decades. If you have ever ordered a high priced item from a mail order catalog and been told that the product was being shipped from the factory... then you have experienced drop shipping first hand.

Drop shipping is, I believe, a virgin un-tapped storehouse of profits for todays internet marketer.

On-line directories exist which reveal essential contact information for drop shippers of over 2,000,000 products and 4,000 brands. Most legitimate drop ship sources will require that you have a state tax reseller number in order to approve you to sell their products and give you the wholesale pricing you are looking for.

Beware of any drop ship source which requires you to pay a fee in order to become a drop-ship dealer... or requires a membership. These are generally organizations which make their money selling "drop ship licenses"... and are, for the most part, scams. Legitimate drop shippers and factory sources never charge you any fees other than the actual shipping costs of the products you sell.

Another caveat... always make sure that you have a written agreement with the source factory that you own the customer! The factory or drop ship source should agree in writing not to solicit your customers in any form. This is very important to you. Your customer list is one of your most important assets. If the factory you are dealing with balks at this request... use another source who will agree.

Almost every conceivable type of product is available from a drop shipper willing to ship products in single units under your companies name. Pick your interest area... electronics, consumer products, agricultural & industrial products, office equipment & supplies, hobby gear, recreational / sporting goods, clothing, furniture, etc. The list of available products from drop shippers is almost endless.

The products actual source is invisible to the consumer. The seller (you) is able to build a database of customers that he/she owns and controls (by agreement with the manufacturer) and has all the direct marketing advantages that accompany that arrangement... while eliminating the need for maintaining expensive inventory.

This arrangement offers maximum flexibility and cost savings for the seller. If a product does not sell well online you can pull the advertising (web page or mini-site) instantly with very little cost to you outside of the actual time it took to build and test the web marketing effort. Or, since this type of page/mini-site is so inexpensive to maintain and host... you can simply leave the pages online and take whatever orders trickle through... while you move on to the testing and promotion of new drop ship products.

The manufacturer benefits from this relationship by gaining a legion of active marketers promoting their products... at little or no cost (other than those small costs involved with supporting the marketer with online marketing materials like product images, sales materials, etc).

As a marketer you are looking for several key components in developing the drop-ship relationship with a source factory or distributor:

* High Quality Products
* Blanket Product Liability Insurance (if applicable)
* A clear guarantee and return policy
* High Quality Marketing Materials ... product images (gifs, jpegs, etc.), selling copy, other suitable web graphics, etc.
* A Customer Service Department that will work with you to develop the best selling situation for you.

If you are a manufacturer seeking to expand distribution (or an inventor with a new product ) you will find the willingness to drop ship in single units will give you a strong competitive edge while you carve out increased market share at little cost.

If you are an online marketer interested in offering high profit products to your niche market (your website visitors) without incurring high front-end development or inventory costs... then drop shipping is for you.

Internet marketers are uniquely positioned to take profitable advantage of the drop ship arrangement and should give this system a serious look.


Make Money Tip: How to Sell Your eBay Items the Right Way?

What’s that rule again? If you haven’t worn it in six months, get rid of it? If we followed that rule, just about all of us would have a pretty decent pile of clothes that we should be getting rid of right now. What if I told you that you could earn some spare money by selling that clothing on eBay?

Selling that no longer used clothing on eBay takes a little bit of time, but is really quite simple, and you are almost guaranteed to get more money for your clothes than you would if you held a garage sale! So, where do you start? Read on to find an introduction to the basics of selling clothing on eBay.

Your first step is to sort the outfits you want to sell into spring/summer clothing and fall/ winter clothing. You will want to sell your clothing “with the season,” meaning that if it is spring now, you should be selling your spring and summer clothing. Pack the opposite season clothing away in a labeled box so you can easily find it when the seasons change.

Next, sort the current season’s clothing by size. It is best to sell all of the clothing in the same size at the same time so if one person finds something they like, they might find others they like and bid on them all, eBayers LOVE repeat customers.

It is significant to launder the clothing that you are going to sell, and steam or iron them, if necessary. It’s important that they are looking their best for the next step!

Photographing your clothing is one of the most important steps in this process because eBay shoppers need to really be able to see the clothing well since they can’t actually touch them or try them on. It is by far the easiest to use a digital camera so you can upload your photos right to your computer and then to eBay. If you don’t have your own, see if you can borrow one from somebody you know.

Most big clothing sellers on eBay use some type of mannequin, mannequins that hang on your wall can be purchased for less than $25 on eBay. to show their clothing, but if you don’t have one, you have a few other options. You could put a simple hook in a solid colored wall, and hang the clothing on hangers from it. This works very well for just about all types of clothing, other than outfits, unless you have the special display hangers that show off a top and bottom together.

An extra option is to lay the clothing on top of a solid colored piece of fabric on any flat surface. The trick here is to take the photos aiming straight down at the clothing and not on an angle. You might have to get up on a chair to accomplish this, but it really helps because clothing shot on an angle can really disfigure things and not give the potential bidder a true idea of what it looks like.

One important thing to keep in mind, no matter how you photograph your clothing, is to have good lighting! Natural light works great, so if you can be near a large window where the sun shines in, that would work very well. If not, you might want to consider setting up a few of those inexpensive work lights with clamps to shine on the clothing from different directions.

When you are done taking your photos, upload them onto your computer and do some simple editing with the photo software that came with your camera, or any other photo editing software that you are comfortable with.

The vital things that you should do are: remove needless background by cropping the photo so the item is the focus and not a lot of background, resize the photos so they are no too large, 350 pixels on the longest side works pretty well, and improve them by playing with the brightness or color levels, if necessary. Some programs have some type of “Quick Fix” button that will do that for you.

Next, you will need to sign-up for an eBay seller’s account if you don’t have one already.

Now you are ready to actually create and launch your auction listings. If you need some help with the basics of how to do this; check out eBay’s help pages and Learning Center.

Finally, you can sit back and enjoy the roller coaster ride of watching your auctions throughout the week. Keep in mind that sometimes items get the most bids during the final minutes.


How to Generate Network Marketing or MLM Leads

If there’s one thing you need in order to succeed with MLM/Network Marketing its leads. Without leads, you’ll never make much money regardless of your company, the pay plan, your upline or anything else. You’re also going to need a lot of leads since there’s no way you’ll sign every one to be an agent. How many you’ll need depends on several factors such as your skill and your business. Not to mention; if you have a lot of leads, you won’t have to feel like you have to sign every one. It’s a lot easier to say No to having someone that doesn’t match what you’re looking for if you have 20-30 people waiting on your call. There are other factors involved in succeeding, but if you have leads and use them, that’s a large hurdle passed.

This article aims to give you a few ideas on how to generate those leads and make it as simple as possible. I don’t really like the term “Lead” since they’re really just people like you and me who are looking for a better life; but we’ll use the term for this article since that’s a commonly excepted term and to prevent confusion.

Let’s go over a few ways you can generate MLM leads.

Call everyone you know and ask for referrals.

Tell them about the great business you have and how they can benefit from either being a customer or agent. If you’ve chosen wisely and believe in your company, you won’t see a problem with this. If you aren’t sure you have a great business, maybe you should keep looking. A great way to decide if you have a good company is to ask yourself if you’d sign up your best friend or valued member of your family. Or ask yourself if you’d use the product if there was no pay plan involved. If the answer is No, maybe you should keep looking.

Build lead capture pages and get them listed high on search engines.

This will generate leads that are interested in your company. However, anyone who has worked at getting a site listed high will tell you this is time consuming and far from easy and it’s not an overnight job either. You could spend months working on your site and never break the top 100.

You can advertise your lead capture page on Pay Per Click (PPC) search engines.

The largest sites are Google and Yahoo. These are the ads that show up at the top or on the right when you search. This is the fastest way and depending on the key words you’re bidding on could be cheap or very expensive (some keywords cost over 100 bucks) and there’s no guarantee you’ll get a single lead. It only guarantees that someone will see your page. If you’re going to go this route, do yourself a favor and either get trained on how to do it or start slow or both. You can easily blow hundreds or thousands of dollars before you know it.

You can print flyers and post them on bulletin boards around town and put them on doors and cars.

If you figure a 1-2% success rate, you’ll get 1-2 leads per hundred flyers and then depending on your closing rate, you can figure out how many flyers you’ll need to hand out consistently to reach your goals. Also figure in printing costs. Even if you’re printing these at home, you’ll have to pay for ink/toner and the wear and tear on your printer, not to mention the time and gas it takes to drive around and post the flyers. You should also get permission from property owners/managers if you’re going to put them on doors or cars since some people will throw them on the ground. One other thing to be wary about is car alarms.

You can spam the world with one of those e-mail 16 million people for 29.95 spam messages you get every week.

Do us both a favor and don’t. The best you can hope for is to not get blacklisted or in trouble with the feds. The odds are that you’ll be visited by the feds and/or have your ISP shut you down. The way these are collected is by sending a little robot spider to crawl the web and collect e-mail addresses from forums, news groups, blogs, web sites and anywhere else they can find them. These are just bad news and may get you kicked out of your company since they could be black listed because you didn’t follow this advice. An easy way to tell if they are real leads or harvested is the price. If they’re unbelievably cheap or don’t include i.p. address, they are probably harvested.

Cold Calling

This is just as it sounds. You pick up the phone book and start calling. This is the cheapest way to generate leads and if you have a thick skin may work for you. The thing to remember is that those people may be on the Do Not Call List and it may get you in trouble. The best thing to do is research the legal requirements before attempting this. The direct link is https://telemarketing.donotcall.gov I’ve never done cold calling so I’m not sure if they charge you to be a member or not.

You can buy leads from a company that generates leads for you.

But even these aren’t created equal. Some companies sell the same lead to 5, 10 or more people; even people in the same company as you and sell them for weeks, months or longer. You could end up with a lead that is 5 months old and been called by 10 or more people and is just plain tired of talking to people or has already joined a company and is quite happy with it. Some are also overpriced and use shady tactics to get people to sign up such as contest sites.

Or you could join a lead Co-Op that only sells the lead to you and generates it after you order meaning they are about 1-3 days old and only sold once. You want to make sure the company is reputable, been around for awhile and truly cares about their customers/members. They should offer multiple lead packages, training on how to effectively contact those leads, multiple autoresponders to make contacting them for follow-up (the fortune is in the follow-up) and training them easier and a presentation to explain what network marketing/MLM actually is in case the person has never heard of the concept or your company doesn’t offer a recruiting site. It would also help if the company has a pay plan so that as you refer your new downline to the great leads you use, you can create an extra income stream (or at least get them for free) and so can your downline. Do a Google Search to find the best mlm leads companies.

The thing to remember is that regardless of how the lead was generated these people asked for information on starting a home based business and you should make it your responsibility to get them the information as soon as possible. Unless you didn’t take my advice and used a spam CD; then you’re on your own.

Another thing to think about when choosing a method is will it be duplicatable to your downline and get consistent results?  But that’s a subject that maybe covered in another article.


How To Be A Stay At Home Mom's With A Home Business

If you are a mom, then you already have a full time job with an endless amount of overtime hours. Even with all of the responsibilities that being a mom includes, some women decide to be a stay at home mom with a home business. This can be a very rewarding adventure and allows some additional cash flow into the household.

Being a stay at home mom with a home business takes a lot of dedication, patience and, most of all, determination. You will probably want to start out small and, time and interest permitting, work your way up to a larger business in the future. Because you will need to take frequent breaks throughout the day, it’s a good idea to select a business that is not completely demanding or time consuming. If possible, search for a business opportunity that offers part-time hours. This will give you plenty of time to spend with your children, but also give you the opportunity to do something for yourself and earn extra money in the process.

Being a stay at home mom with a home business is ideal for many women. The fact that you will be able to stay at home and still be a large presence in your children’s life is extremely important. Many parents do not want to leave their children with a nanny, babysitter or relative, so having one parent working at home is the perfect option for many families.

At first, it may be very challenging to balance home life with being a stay at home mom with a home business. It will be difficult to separate business from pleasure and your children may not understand why mommy is not available all the time. It’s a good idea to approach the transition slowly and take into consideration that your children will miss having you available 24/7. Every home business requires a computer so, if you are a stay at home mom with a home business, make sure that the computer is placed in the same room that your children are in. If they spend most of their time in the family room, place a desk in the corner and set up your office there. This will allow you to be near your children, keep a close eye on them and work at the same time. This may be challenging at first because the children will want your constant attention, but try to explain that their mom has some very important work to finish and assure them that you will spend time with them very shortly. Begin with 30 minutes of work at different times throughout the day, then plan an activity with your little ones. Gradually work your way up to longer periods of work throughout the day as the children adjust and will allow you the time to finish your work.

Being a stay at home mom  with a home business will literally entail you taking on two jobs at once. It is a wonderful way, however, to spend time doing something that is just for you and can take you away from the hustle and bustle of everyday life - even if only for a few minutes. Selling on internet auctions or babysitting are two very good starter businesses and can increase in volume in accordance with your time and desire.


Making Money Tip: How To Avoid Conflict With Partner While Working From Home?

Conflict with Partner is one of the major obstacles facing business owners both men and women. Business owners tend to spend countless hours to get their business off the ground and start making profits. Having an angry partner will only cause more anxiety, stress and leave them with an additional obstacle to overcome.


It is important that you maintain a positive attitude towards your business and if your family is working against you, that becomes almost impossible. On the hand, remember not to devote so much time to your business that you completely neglect your family.


So how do you manage such a critical situation?

The key issues are simple yet very effective. Intensive communication and time management are the keys to considerably minimize such conflicts.


Here are some tips to help you maintain a healthy balance:


1. If you are just starting out, ensure that you have an additional source of income such as a part time job to cover your basic living expenses until your online business takes off.

2. Be honest and tell your partner about your desire to succeed, your ambitions and your reasons for running your own business.


3. Explain that setting up and running a business whether online or offline needs a lot of time and effort to get it off the ground before your start to reap the rewards.

4. Explain the benefits of working from home such as saving on rent, travel time and being able to set your own hours.

5. Keep your partner well informed of your business progress, your ups and downs, your tears and joys. Share with them your business stories.

6. Ask for their help, opinion on certain issues, like their opinion on your website design, your sales letter, and your ideas. Make them feel part of your business and their opinion is important to you.

7. Organize your time, share your morning coffee with them, your lunch, and give them your full attention when you are with them… Of course they will get mad if the first thing you do once you wake up in the morning is rush to your PC ignoring them...

8. Don’t be selfish, always put yourself in their shoes, we all need love and attention whether males or females.

9. Set time limits and a work schedule to accommodate your families’ needs, you don’t need to work 24 hours seven days a week.

10. Help with the house chores, look after the kids, especially if your partner is working out side home.

11. Spend your time online ONLY to grow your business even if you have to give up other interesting things for a start. If you have a spare hour, spend it with your partner not surfing the net.

12. No matter how much your love your partner or they love you, one of the reasons that trouble gets initiated is the fact that your are seeing too much of each other especially if your partner is not working, so why not consider renting a small office or share an office with a friend where you can go and work there during the day.

13. Time spent with your partner should be well spent, give them your full attention no matter how busy you are with your business, make a habit of going out together for dinner once a week, or even book a room in a hotel at least once a month (if you are making enough money online, well… you should be if you are spending endless hours on your computer).

14. Once you start making money online ... show them the benefits.

15. Why not consider introducing the online business to your partner, who knows maybe they will be the next online guru.


One last advice and please keep it in your mind:

YOU  DONT WANT TO GAIN A BUSINESS AND LOSE A PARTNER OR A FAMILY


How Can A Virtual Office Help My Home-Based Business?

This article is intended for the professional who operates out of their home or for the home-based business owner. The convenience and economy of working from home is nice, however, as the business grows the need for an office located in a “business location” will increase. However, you currently cannot afford nor need all the services of an executive suite or serviced office. A virtual office is an excellent alternative which can save up to 78% of the cost of traditional office services.

Perhaps you’ve experienced the following scenarios:

“Where is your office?”

During your initial sales meeting, you’ve convinced your prospect that you understand their needs and you look forward to providing a solid proposal of your solution to their problem. They like your personal professionalism and your team appears as competent as the competition. Then they look down at your business card and ask “where is your office”? Suddenly you are on the defensive, only as big as your 8’ X 10’ home office. You can’t afford nor need to invest in office space, but what can you do? A virtual office is an excellent way to present a bigger company presence. Suddenly you are as large as a multi-story office building located in the prestige business districts of your city.

“We don’t do business with home-based companies.”

You are able to deliver the goods or services the large Fortune 100 company needs but they don’t do business with a “home-based” company. How can you arrange for your phone and mail to be serviced with an address within the “business district”? A virtual office is an excellent way to present a prestige address for your home-based business.

“Let’s hold the meeting at your office!”

You must host a team collaboration or presentation meeting. Any gathering with more than 3 or 4 people in attendance typically requires the meeting to be moved out of the “office room” and into the kitchen or living room. Such a casual environment takes away from the professionalism of the message you are delivering. A virtual office facility will provide quality meeting room facilities at an economical fee when compared to hotel conference room rates.

The availability and use of white boards or audio-visual equipment to support the meeting activity might be limiting at your home office. Parking might be difficult to accommodate. You will need to provide restroom and possibly beverage or food service which means time and effort to prepare. Wouldn’t want your boss or prospect to see the “dirty laundry”! A quality virtual office facility can provide the equipment and facilities needed for most any meeting or presentation, often these are provided at no additional cost with the meeting room fee.

What is a Virtual office?

A Virtual office is a service provided by many full serviced or executive suite providers. Typically, they will offer Virtual office services with options so that you purchase just the services you need to enhance your business. Examples of these packages are:

1. Virtual Office Address Only - Includes the use of a prestigious business address, receiving mail, handling and receiving shipments, signing for mail when authorized.

2. Full Virtual Office with Live Answering - Includes all features of the package above plus live personalized telephone answering, including voicemail box with remote access.

3. Full Virtual Office with Live Answering and Conference Room Time - Includes all features of the package above plus conference room time.

Additional services should include mail forwarding to an outside address or call forwarding to an outside line (home office or mobile phone).

A quick checklist of the features/benefits you should expect to find with a quality Virtual office provider would include:

- A prestigious address
- Upscale contemporary reception area
- Fully-equipped conference rooms and common areas
- Access to an association network to support your out of town activities
- Professional receptionist to greet clients
- Full administrative and secretarial support services
- Kitchens with complimentary beverage service and vending machines.

If you like the economy and convenience of working out of your home but have encountered the need to present a professional, business “storefront” you now know there is an alternative to the traditional business office or executive suite lease options.  The Virtual office from an Executive Suite provider is that alternative.

Additionally, if you find an increasing need to host meeting or presentations and want to provide a more professional option outside your home or the neighborhood Starbucks and a more personal option than a hotel, you now know there is a solution. The Virtual office from an Executive Suite provider is that solution.


Marketing Tip: Golden Rules For the Use of Autoresponders

Autoresponders are a perfect way to increase traffic to your site. They can save many valuable hours by automatically answering emails concerning frequently asked questions about a service or product or by sending a welcome letter to new members of your program. There are many ways that autoresponders can help your business. One of the most important is their ability to track the effectiveness of your promotions. Since autoresponders are one of the most popular marketing tools available today, they are being used by a lot of different kinds of business and websites. Some of these take advantage of the system to use the autoresponders in a negative manner. You should be aware of some of the “Golden Rules” when using autoresponders.

Thou Shalt Not Use an Autoresponder Address When Submitting to Search Engines.

Since you will most likely submit your site to search engines such as Google or Yahoo!, directories, classifieds, and free for all sites, you should be made aware of the fact that these sites commonly  an autoresponder as well. If you were to use your autoresponder to contact these companies, their autoresponder will reply to yours and so on and so on. Thus creating a cycle of autoresponses that will flood your email box and theirs as well.

Thou Shalt Not Use an Autoresponder to Subscribe to Ezines or Discussion Forums.

Since most of the time an Ezine will send you updates and new information regularly, your auto responder will send them a message each time. In a discussion forum, every person in the discussion forum will receive your auto response. This can be irritating and most of the time you will be unsubscribed. It is often hard for the administrators of the forum or ezine to determine who is using the autoresponse and therefore it is simply common courtesy to never use an autoresponer in this manner.

Thou Shalt Not Use an Autoresponder to Take Advantage Of Unsuspecting Individuals.

Some very unprofessional companies will use autoresponders to respond to an automated message when this is done the address in the “from” field will be automatically subscribed to their mailing list. This is a extremely un ethical use of autoresponders and those who do it are in jeopardy of creating a very negative image of themselves and their company. Rather than promote their service or business, this usually leads to people becoming very upset and spreading a negative word about your company rather than a good one.

The Internet can be a great place to do business and autoresponders can be an excellent way to save time, however when used in an unprofessional way, they can lead to frustration and aggravation for others. Your company will suffer the loss of much business if you choose to participate in these abusive practices. The appropriate use of auto responders can generate a large amount of business, while inappropriate use can drive away that business.


Affilate Marketing Tip: Give Your Online Home Business 6 Months To Develop

I have seen it all too often.

Online Job seekers sign up for an Business opportunity and a Month or two Later they quit.

I have seen some quit the same Day!

You need to give your Home Business time to develop.

I say this for several reasons.

It might take a little time for you to decide what you want to do to make money on the internet. Why? Because most marketers who are new bounce from one business opportunity to the next until they find that "Goose who lays the golden egg". But did you know you can save a lot of time by researching the business you are interested in and then putting your plan into action on how you are going to make it work

First of all the if you have set up some type of advertising, Sometimes it takes a little time for prospects to start seeing your ads. Most Marketer send out a few ads and expect instant signups. It's not going to happen.

It takes a lot of work if you are placing free ads. But it will work if You are placing 5-10 ads a day everyday for 3-6 Months.

You will see faster results if you use paid advertising like pay-per-click or some type of autoresponder service with good, quality leads.

Another mistake I have seen people make by quitting too soon is that they had a "Heavy Hitter" under them in their downline and did not even know it.

They quit too soon before they could reap the benefits of a "Free Check" every Month.

If you signup up for a work at home opportunity, give it 6 months to developed. If you have really tried your very best and still have not seen the results you expected, then quit.

Most likely after 6 months though if you have worked your business, you will be in profit and on your way to a lifetime of residual Income.


Web Marketing: Making Money Starts with Getting Free Traffic

You’ve published a website right? You realize that it’s a meaningless endeavor unless you get some good traffic. You have absolutely no money for expensive advertising campaigns. In fact, your advertising budget is virtually non-existent. Read on to discover some simple methods to get good free traffic.

Good Seo

This cannot be emphasized enough. Good Seo is your starting point to any free advertising campaign. Before you even consider any other methods for free traffic, get your website user and search engine friendly. Put on quality content in line with the objective of your website. Make your content interesting, fresh and unique for the user and the search bots will come crawling. If word gets around that your content is great, webmasters may voluntarily link to your website. This one-way linking will increase your link popularity, search engine rankings and get you good free traffic. Ensure your site is well designed, your html is clean and compliant, your pages load quick and there are no dead links. Your users should be able to get what they want within three to four clicks. Avoid excessive use of graphics and animation unless absolutely necessary. I don’t recommend  you use pop-ups as most users get irritated by them.

Articles

Writing articles is another great way to get free traffic. Webmasters are constantly looking for fresh, quality articles to put on their website. When you write an article, you are allowed to describe a little about yourself and your website in the resource or author bio box. It is in this box that you are allowed to put a link back to your site. Submit these articles to article directory sites. If your article is relevant and exciting, webmasters will put it on their websites. In this way, you can improve link popularity by getting a one-way link back to your site and free traffic from readers who read your article. Write articles that relate to your website. For example, if you have a website on growing roses, write an article that has something to go with growing roses. Submit your article to as many article directories and relevant websites as possible.

Forums

Every niche on the internet has a plethora of forums. Do a Google search and find relevant ones in your niche. Join these forums as member and contribute to the community by making useful and thoughtful posts. You are allowed to put your link in your signature line. This also counts towards your link popularity as search engines also index forum posts. Fellow forum members may also click on your link to visit your site. A word of caution – every forum has a different set of rules, especially when it comes to links. Make sure you read and obey them at all times. If you just go in and put up links, you will be banned almost instantly.

Link Exchange

The great granddaddy of free traffic, link exchanges are still very relevant and effective today. Make contact with sites that are in a similar niche as your own. Offer to exchange links with these sites. A word of caution – choose the sites that you link to very carefully. Avoid linking to spammy, black-hat sites with questionable content and motives. Make sure that these sites are not banned by the major search engines.

Newsletters

You not only need to get a continuous stream of new visitors to your website, you need to make sure you keep the old ones coming back all the time. The best way to do this is by providing fresh valuable content and by way of a newsletter system. Put in a newsletter subscription form on your site and invite visitors to subscribe to a newsletter that you can email to them either weekly or monthly. You can put some content, some special offers, ads and a link back to your site in your newsletter every time you email out. Also provide them with an incentive or reason to click on your link and visit your site. In this way, you remind your visitors about your website.

Submit to directories

There are many directories available on the web that allow ads or links free of charge. Some are general and some specialize in a particular niche. Choose relevant ones and submit your link or ad to them. Make sure you choose quality directories that are indexed by search engines. In this way you get a one-way link back to your site. You benefit by getting free traffic and improved link popularity.

Email this page

Another great, yet simple idea is to add an “Email this page” feature to your website. It’s a simple form where a visitor fills in the name and email address of another person that he/she wishes to recommend your site to. You set the form to automatically email a link to your website to that person. That person will then receive an email with a short message that says that so and so person had recommended that he/she visit your site, etc.

If you follow these simple ideas, you should start to see an increase in traffic to your site. Please note that building traffic takes time and won’t happen overnight.


Don't Laugh. Hold a Garage Sale to Raise Funds for Your Home Business -It's A Fun Way To Make Quick Cash

Garage sale is a great way to get rid of unwanted items, plus make some money. Everybody accumulates the kind of stuff that other people are searching for and are willing to buy. If you have lots of stuff you no longer use or want, consider having a garage sale. There is no reason to go on storing items you'll never use.

You can make good money by holding a garage sale. Holding a garage sale provides an outlet for unwanted items, which other people are looking for, and will pay good money for.

Examples of such items are: furniture items, toys, vacuum sweepers, lawn mowers, jewelry, baseball cards, camping equipment, drinking glasses, dishes, dolls, salt and pepper shakers, coins, toasters, toys, clothes, hair dryers, coffee pots, rollar skates, old records, bikes, furniture, pictures, books, sporting equipment, televisions, bags, CDs, tape recorders, household tools, and other items that you have no use for anymore.

You don't need a garage to hold a garage sale. A garage sale can be held anywhere - yard, lawn, basement, garage, porch, or house. But you need to know why people go to garage sales, what items they buy and how to set prices on your merchandise.

Before you hold your garage sale, visit a few sales in your area to see how the items are displayed, how they are tagged, what people are buying. Find out how they priced the items, then price your own merchandise accordingly.

People will buy just about anything at a garage sale. You'd be surprised. But they are looking for bargains. They usually expect a big discount on items that have been used. Don't disappoint them.

You need to advertise. Advertise your sale in the local newspaper, shopper guides, on bulletin boards and even online. Advertise your garage sale all over the neighborhood. State the date and times of the sale, the address, and special items you have for sale that will draw customers. Word of mouth is also an excellent advertising method. Make your garage sale known to as many people as you can. 

Place signs in high-traffic intersections within a few miles of the location of the sale. Use sturdy cardboard and big lettering.

Make sure you remove your signs once the sale is over. You don't want people coming to your house after the sale is over.

Be sure to check with your local officials regarding laws and regulations of garage sales.

You can make quick cash out of a garge sale, if you do it right. There are many resources available that can provide you with the information and tips you need to hold a successful garage sale. The Internet offers garage sale information, guides, and other resources, which can lead you in the right direction to making money with a garage sale.




Get Access to "Garage Sale Tool Kit" -The easiest way to Plan, Promote and Profit from your next Garage Sale! Click here

Earn Money With Google Is Indeed Possible

The Internet has drawn masses of people that have the same overwhelming desire to work at home or create a home-based business. Why is this so popular? One of the biggest reasons is the fact that you can earn real money with minimal up front expense. It really is mind boggling when you compare the traditional methods of creating income to Online Internet opportunities.

It's easy to see many searches whereby people are looking to earn money-utilizing Google and the Internet. After all it its the premier search engine. Say what you want, but they have become the leader in their market place. You see searches for phrases like Google online store, Google profits, how to make money with Google and many more.

Upon seeing those request I decided to take a look to see what types of opportunities are available. I wanted to get a feel for what these businesses entailed.

Here are a few examples of what you can expect to see in the programs that I found in this niche of the market place:

You get a Online website, instant web site setup, pages with many links to products & services of interest, marketing tools and step-by-step guidance on how to be successful. The overall picture is you are given many links on specific web pages whereby you are paid when people click on links from your site. Google offers many advertisements so it is easy to see how this could be a very profitable business. In fact I use them myself.

Every day people turn to the Internet to look for the products and services they need. When searching for these products it only makes sense that a majority of them would be using Google search engine. You can see where this would create a large amount of demand for web sites such as these.

You need no prior experience. You will not have the typical expenses of a brick and mortar business such as a storefront, inventory cost and employee's. It's all done online so you can have your own Google profit machine in no time at all. Why not put the power of the Internet to work for you?

The key is do your research as I found many companies to fit the bill, but you have to filter through the programs to find the one that fits your financial goals and skill sets. In my previous articles you will find that I always recommend that you either use a website or blog like mine, but not necessarily mine, that has researched the types of programs you are looking for. If you choose not to use a website or blog then you will need to do the necessary research yourself. It can be done and you can be successful, but it takes a great deal of time.

It's easy to see that the opportunity to own you own online business is available if you want it. These types of program can be used to create some additional income or to create a more profitable home based business. The choice is yours.

If you are reading this article you more than likely have the necessary equipment to own an online business.


Drop Ship Home Based Business Tips: Minimizing Backorders

When drop shipping, you lose some control over inventory levels, leaving it in the hands of your supplier. This increases the potential that a backorder situation can occur without your knowledge.

The truth is, there is no way to guarantee that an item will be in stock. This is a simple fact of drop shipping. It is a trade off, but one that we think is well worth the benefits. Once you've learned how to reduce the possibility of a backorder the benefits of drop shipping become even greater. Here are some top tips for minimizing backorders with your drop ship business.

Monitor Quantities on Hand (QOH)

The most obvious thing you can do to protect yourself from backorders is to closely monitor quantities. Doba provides a data export tool that can help you monitor supplier inventories. If you are able, monitor quantity trends before listing an item in an auction.

If selling items at an online auction, you'll typically want to only list items that have a large number of items in stock. However, if you have monitored quantities before hand and notice a product isn't "flying off the shelves", you may be comfortable selling items that have a lower number of items in stock.

Run Shorter Auctions

I once listed an item on eBay® that had only one item left in stock. Even though I knew the item to be a slow moving item, listing something with a quantity of just one had me a little worried.

As such, I decided to run a three day auction. The faster the auction got over with, the sooner I could drop ship the item to my customer, and the less I would have to worry about it. I wasn't concerned about losing potential business from having a shorter auction because listings typically get the most views and bids in the last 24 hours anyway.

Cancel the Auction if the QOH Reaches Zero

Along with monitoring QOH's before listing an item, you'll want to continue monitoring quantities throughout the auction. If you notice quantities dropping each day, you'll want to keep an even closer eye on it.

You can't drop ship an item that isn't there. If the quantity ever reaches zero, go into your auction right away and end it early.

Drop Ship an Item to Yourself to "Pad" your Inventory

Shipping a few items to yourself to pad your inventory is perhaps the most effective fail-safe to prevent backorders from having a negative impact. This is particularly advisable for items that are regular sellers for you.

Usually, you'll only need to keep one or two items in your personal inventory, even if you typically have several auctions with the same item running simultaneously.

If an item goes out of stock, you'll always have the one or two items on hand that you can ship out and still have time to go through and end all your other auctions early until the item comes back into stock.


Starting a Home Based Business May Seem Easy: But Don't Quit Your Day Job

Ever heard someone try to sing who isn’t a very good singer? Or someone try to tell jokes who isn’t really very good at being a comedian? That’s when you’ll often hear the saying, “don’t quit your day job!”

This article is about something different. We are assuming that you ARE qualified to do whatever it is that you are currently doing, though you may not be as happy in your current occupation as you would like to be.

Among the top 5 questions that I am asked, or issues that are raised by people I talk to, is whether or not someone should quit their job to work a home based business. Or, if they are currently out of work, whether they should try to make a go of working their business fulltime as opposed to looking for employment and/or going back to work.

In most cases the answer is, categorically, no! But, not always… Let’s take a look.

Though many people get themselves into trouble by placing too much confidence in their ability to earn income from their newfound home business too soon, fortunately there are some very simple guidelines that you can use when considering such decisions.

1. Are you earning at least as much, if not more, in your home based business as you are in your current occupation? 

If not, then you should really think twice before trying to venture out and quitting your job.


2. How long have you been working your business, and how long has the company been around?

Both are important factors. According to readily available statistics, such as from the SBA (Small Business Administration), most businesses fail within the first 5 years. Further, especially in network marketing, most new companies are out of business within a year or two. If you are pinning your future on a brand new company, that’s probably not a very wise approach, especially if you don’t have money saved up, as we’ll discuss below. Similar factors apply to you. The more business experience you have and the longer you’ve been at it, the greater the likelihood that you too will be able to pass the test of time. If you are brand new to working your own business then you should probably allow some time before deciding to quit your current job.


3. How much do you have in liquid or readily accessible savings that you can use for living expenses? 

Most financial planners and experts agree that you should have enough liquid savings to cover, at minimum, 3 months of living expenses and overhead. And 6 months to a year, or more, is even better.


In addition to the above, by all means always remember NOT to plan your future without a job on what you “hope” your home business will do, as opposed to already having a proven track record that demonstrates how much money you can reliably expect your business to put into your bank account.

Especially if you are new to being involved in a home business then it can be difficult really visualize what lay ahead. But, if you consider things from a standpoint with which you are already familiar, such as a job, it will be easier to understand. For instance, let’s say that you currently work as a Senior Administrative Assistant and you decide that you would like a career change and you want to become a surgical nurse. Would you realistically expect to be earning money from that new occupation any time in the near future? Probably not. You would need to go to school, or back to school, perhaps for years, to be trained and prepared for entry into your new chosen profession.

This analogy seems obvious when applied to a job, but for some reason many people feel that they can simply jump into a new home business, with no prior experience, no training, etc., and make an immediate go of it. However, doesn’t it only make sense that if you are going to become involved in starting a new business that, likewise, you will need to undergo the proper training, and that there will be a learning curve, etc.?

True, a certain small percentage of people do manage to create instant success, and a fulltime income, even starting a new business with no prior experience. But, those are the exceptions rather than the rule.

Most people working toward success in a home business will at the very least undergo a learning curve, will very likely experience some struggles along the way, and may very well end up spending or losing sizeable amounts of time and money before becoming profitable and creating a sustainable income. The more information and training you gather along the way the more likely you are to be successful, fasters, and with fewer headaches. But, even if you do well, it is still unrealistic to expect to create a fulltime income immediately starting from scratch.

Near the beginning of this article I cited a commonly known statistic about business failure rates. Another equally well known fact that you can likewise easily confirm via many sources, including the SBA (Small Business Administration), is that near the top of the list as reasons for business failure are a lack of capital and cash flow. In other words, not enough money. Knowing this, you would be especially wise to include your current employment, or some kind of regular employment that produces a steady paycheck, into your business planning.

Once you actually start making a profit in your home business, and you have a track record, then you can start planning your budget and your future according to what you realistically expect to earn each month in your business. However, until you get to that point you “business” operating budget realistically has to come either from the money that you earn in your current occupation, or from savings, or both. Quitting your job prematurely, or choosing not to seek employment when you have no other source of regular income, in the hopes that you will earn enough from your home business is, in most cases, a recipe for disaster unless you’ve followed guidelines similar to those discussed here.

You can find more ebooks on what to do when you are first starting your home business at our book stote as well as tips when you are already knee deep in entrepreneur enterprise.


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