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Choosing the Best Small Home Based Business Opportunity

When you are looking for a small home based business opportunity you should choose you opportunity carefully. There are many scams out there on the Internet that can cause you to loose a lot of money. Most of these scams involve experts that claim you can become rich. However, as most know there is no such thing as a get rich quick scheme that actually works. Even the best home based business opportunity you can get is going to require some work on your part. However, with some work you can succeed with a small home based business.

Therefore, the first thing you need to look into when choosing your home based business opportunity is whether it is right for you. If you are looking into a multi-level marketing job then you should be prepared to spend a lot of time on the phone. If you want to work for a pay per click affiliate program then you need to be ready to do keyword research and invest a lot of money before you can make any return. Therefore, when you choose your home based business opportunity you should make your choice carefully and make sure it is something you want to get involved with.

The next thing you should consider is what costs will be involved with running your particular business opportunity. Look into the startup costs. Most of the time starting an online business can be relatively inexpensive when compared to offline businesses. However, this doesnt mean that an online business is free to start.

Consider whether you need to build your own website. If a website is required, but you dont know how to do it then the cost of having one made can be very expensive. Then consider how much advertising you will have to do for your business. Will you be alone in your advertising endeavors? Consider what tools are required to run your business and investigate this area carefully and closely.

You should always do at least some research into the business opportunity. Most of the Internet businesses have reviews available online that allows you to check out the opportunity. Never take what is said on the sale page at face value. While many of the opportunities are real, they may not live up to their promises of big money returns.

Once you have found a good small home based business opportunity then you need to stick to it. You may be tempted to give up if you dont see progress right away, but always remember that the more you work at your business the more it will grow. You may not see immediate results but as long as you put in some effort, you will eventually see results.

Gifting A home based business or an illegal scam

I’m sure you’ve seen plenty of cash gifting programs and wondered to yourself if there was money to be made with such schemes and more importantly if gifting was legal. In this article I will reveal the truth of cash gifting from legality to profit potential.

The first point to address for those of you who are new to this concept of cash gifting is exactly what the definition and meaning of cash gifting.

Here’s the scenario of most cash gifting programs: The prospect sees an ad or hyped up website with photos or video of big piles of cash. This is a physiological tactic to make you hungry for the money you see them counting out. Just because a person is opening envelopes with a lot of money, doesn’t mean that it’s really from the cash gifting program. A person can get a loan or use their money to make such a video. When it comes to getting in your pocket some people will do anything.

Next your inviter or the website itself will get you on a hyped up conference call where everybody talks about what big money they’re making and how easy this is! It’s funny but the conference call conductor also talks about the importance of giving. Not one person involved with gifting programs cares about giving; it’s really about greed and receiving. This conference call is just another psychological hook.

Before you’re sucked into a cash gifting scheme consider the fact that gifting is illegal! There have been people who are forced to pay back the money to those who sent it to them, and people have gone to jail for participating in a gifting activity.

The gifting tax law was not designed for people to pass money around. It’s for this reason that gifting programs restrict the promotion tactics of their members/participants. If you are audited by the government believe me you will be penalized or jailed.

The next question is if gifting has profit potential. There are a few people to profit from cash gifting. There are however many negative points to consider. The first downside is convincing people that gifting is legal, the second downside is that you are restricted when it comes to how and where you promote and the third downside is the fact that you may very well be forced to pay back monies received, pay fines and possibly go to jail. Is the activity of cash gifting really worth the risks involved? I’ll leave that decision up to you.

Looking For A Home Based Business 5 Questions You Must Ask

When looking for a Home Based Business there are 5 very important questions you must ask.

They are:

Question #1: What is the product or service being sold?

If you cannot clearly identify a specific product or service being offered for sale through the Home Based Business, it may be a Pyramid Scheme or a similar type of Scam.

Here’s the reasoning behind it:

If there’s no product or service being offered to the public for sale, how can the company promoting the Home Based Business generate a profit? Where’s the money coming from to pay you a commission or a bonus?

If they’re not making a profit from sale to the end consumer then they’ve got to generate that income from you and other members like you just recruiting other people who are usually asked to pay some outrageous Application/ Registration Fee, even if they call it by a fancy name.

This is nothing more than a Pyramid Scheme and NOT a legitimate Home-Based Business. A popular example is Gifting Programs, there are no Goods or Services being sold, it’s just people exchanging money with other people. Sooner or later somebody is bound to get hurt!

Question #2: How stable is the company?

Why is this important?

Well suppose you found what seemed like a really great company and started building a Home-Based Business with them only to find out 2 to 3 years later that the FTC swooped down on them for illegal practices and shut them down for good?

This actually happened with one company I was working with many years ago.

People became millionaires with this company in a matter of months. It was the fastest money I’d ever made in Network Marketing up to that time, but within months of joining the company it all came crashing down because of problems with the structure of the company and certain practices that displeased the FTC.

I learnt my lesson.

In checking out the company you’ll want to find out how long they’ve been in business and where their headquarters is located. You’ll want to ask about any other Companies they’re affiliated with, like their Parent Company, Sister Companies or Subsidiaries if there are any.

There’s an old adage that goes; “Show me your friends and I’ll show you who you are.”

That applies here.

You can tell something about a company by the company it keeps (pun intended).

In looking at how long a Company’s been in business be careful not to throw away the good with the bad, for instance, a particular program might be brand new but the Parent Company backing that program might have been in business for many years, giving it the stability you’re looking for. Look deep and don’t be afraid to check behind the curtains.

Question #3: What is the quality of the company’s leadership?

Dr John C. Maxwell, international Speaker, Motivator and Best-selling Author says, “Everything rises or falls on leadership.”

It has been my experience that a Company usually takes on the characteristics of its leader(s) so, if you want to know what kind of business you’re about to join, look at the leadership.

Practically speaking, you’ll also want to check out the business acumen of the person or people in charge because they’re the ones making the decisions that’ll impact the future of the Company – Your Company.

Question #4: How good is the compensation plan?

I think The O’Jays said it best; Money, money, money, money… monney!!!

You’re going in business to make money not to look good in a business suit.

And if you have a real Home-Based Business then you won’t be wearing a business suit in the first place, Right?

There are so many different types of Compensation Plans; from the sublime to the laughable. There are 2-Ups, 1-Ups, Binaries, Unilevels, 5×7 Expanding Matrices. There are Spillovers, Powerlines, Breakaways and on, and on, and on.

Here’s what to focus on:

How much is being paid out in commissions?

Too little and it’s not worth your time, too much and the company might not retain enough profit to sustain its continued growth and expansion.

The experts say about 65% being paid out in commissions is the acceptable norm.

Understand the difference between Bonuses and Commissions.

Commissions usually form part of your ongoing residual income. Bonuses are usually temporary financial increases, paid on a specific action, performance or fulfilled quota and as such; do not form part of your regular ongoing income. Focus on good commissions as opposed to bonuses!

Look for passive, residual income.

This is the kind of income wise people seek after. It’s the type of income you keep getting long after you’ve stop working. An author writes a book once and keeps getting royalties from sales years after she stops writing.

The Harry Potter Series made J. K. Rowling a billionaire and now here comes Stephanie Meyer and the Twilight Series – Go sisters, go!

With a Home based Business the same thing is possible.

You can do the work once and keep getting paid forever once you’ve selected a stable Company with good Leadership and the right Compensation Plan with an easily Duplicatable System.

Question #5: Is it easily duplicatable?

Even if you’ve got everything else going for you that’s mentioned above, if the system CANNOT be easily duplicated it’s not going to work.

Your attempt at building a successful Home-Based Business will fail and here’s the reason why:

J. Paul Getty said, “I would rather earn 1% of the efforts of 100 people than earn 100% of my own efforts.”

This is the axiom upon which Network Marketing, MLM’s and Affiliate Programs are built. Zig Ziglar said it this way, “If you help enough people get what they want, you will get what you want.”

Either way you look at it, it’s going to take a team. Teamwork makes the dream work. So, if the system you’re looking at cannot be easily duplicated by the average person who wants to start a Home-based Business how are you going to ever build a successful team?

There are over 475,000 people worldwide starting a Home-Based Business every week, 175,000 here in the USA alone. Most of them don’t know how to build a Home Based Business so if your system isn’t user friendly then, most likely, they’ll find another one that is.

Keep these tips in mind:

We live in the age of Video; this is the YouTube Generation so, if your program makes use of video to help sell the product or explain the benefits that’s a plus.

People have become very wary of ‘meetings’; that’s like a four-letter word to most so, if your business presentations can be done online that’s a plus.

We also live in the Digital Age; Digital Products are the fastest selling commodity on the Internet right now. If your business is involved with the sale or distribution of Digital Information Products that’s a plus because they’re instantly delivered and can cut overhead expenses by as much as 80% for the Company thus increasing the Profit Margin.

This simply means… More money for everyone!

There you have it; my 5 top questions you should ask before joining any Home-Based Business.

Star Wars And Psychology Embracing The Dark Side

A few evenings ago, some friends and I decided to watch the latest Star Wars film, Return of the Sith. This film got me thinking about a concept that is key to much of the hypnotherapy that I do, and is an excellent example of how not to lead one’s life.

Much of what makes the Star Wars story so alluring is the puzzling change that occurs in Anakin Skywalker. How is it that a man can turn from supremely good to the embodiment of evil? We’re led to love Anakin the Jedi and hate the same man, only a few days later. It is both puzzling and troubling. What is even more puzzling (and perhaps troubling) is that, on the surface, it seems that Anakin’s love for Padm is what leads him, ultimately, to the dark side.

This is an excellent example of the way the Jung claims that the human shadow works. The shadow, according to Jung, is a huge portion of our personality that we disown. We disavow it, and lock it away. Once it is locked away, it becomes destructive. We can see this in many ways: a person who denies something about themselves turns to self-destructive behaviors such as excessive drinking, or even worse, becomes violent. It is commonly accepted that many anti-social behaviors have their roots in a person’s inner conflict.

Anakin’s inner conflict is severe. He lives like a Jedi which is, more or less, a monastic life. So many of the other Jedi do this very well and Anakin fails. He fails the moment he starts to let his shadow express itself. What has been locked up for so long has grown vicious, and now consumes and destroys him. The image of Anakin locked into the hood of Darth Vader shows that he has really become consumed; he shadow has gotten loose; all that is good about him has been destroyed.

There is a lesson to be learned from this; and it’s a lesson that goes back thousands of years. There are parts of us that we, or society, don’t like. We have instincts, desires and urges that are, in some ways, unacceptable. It is only natural that we should try to repress them by doing so we can be accepted by those around us. Unfortunately, when we oppress what we don’t like about ourselves, it causes problems. It is the root of many neuroses and other problems in our lives.

The solution to this problem seems simple and is a monumental task: we must strive to make ourselves whole. That means, when we feel an urge to do something unacceptable, we must step back and examine that urge. We have to figure out what is at the root of that urge, and we have to integrate it into our lives in a positive way. We must understand that we are good and that applies to everything about us. Something that has been shoved aside and allowed to become bitter and vicious is simply a natural part of us gone bad, and it is incumbent upon us to address that. In order to live good, healthy and happy lives, we have to embrace our dark side.

If Anakin Skywalker (and the Jedi) were to embrace the Dark Side in a healthy way, they would be more powerful than ever. They would feel emotions,love, anger, fear, and hate and all of those emotions would be in proper perspective. Additionally, they would have access to the power that all of these emotions affords their adversaries, the Sith. Keeping the ill effects of some human emotions at bay does not help the Jedi at all; it just leads to dramatic outbursts of those same emotions. The lesson here is simple and very important: embrace your dark side in a healthy way, and you will be happier and more powerful.

Promote Big Ticket Items For A Home Based Big Money Business

Virtually everything is being sold on the Internet today. This presents an opportunity for you to create a home based big-money business selling big ticket items. In this article we will talk about what big ticket items are and how you can use that to create big money for your own home business.

Understand that there are people earning six and seven figure income selling products that average $20 a sale. However to do this you have to make a lot more sales than you would if you were to sell a product that you earn $1000 per sale on.

In reality it’s just as easy to sell a big-ticket item as it is to sell a smaller priced one. The difference generally is in your own experience level and how you choose to market your product.

Because people need exposure to a product at different levels following up to make sales is one of the keys to making money online. It has been said that a person might need between 5-12 exposures to a product before they actually make a purchase. If they’re purchasing big ticket items they surely will be more cautious and will probably shop around more as well.

Creating big money for your home based business selling these types of products means setting up pre-sell and review pages where you warm up your visitor. Another thing you can do is to use these as a landing page to capture their contact information for future follow up.

If you expect to follow-up with someone and give them those additional exposures to your product getting a name and email address is important. Plus this is another way to pre-sell your prospect by dripping information on them over a period of time.
If you send them directly to a sales page asking them to buy they may leave and you will never hear from them again. This is a waste of your advertising dollars as well as costing you thousands of dollars in commissions.

Therefore you need a quality autoresponder with prewritten messages promoting the features, advantages, and benefits of the big ticket item you are selling. Some big-ticket products may already come with prewritten messages you can plug directly into your autoresponder. This is as simple as customizing them with your own name and website address and they are ready to go.

I’ve presented a simple strategy for you to sell big ticket items for any home based big money business. Once you get a system in place you can earn a six and seven figure income selling high ticket items.