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Your Guide To Starting An Online Home Business
Starting an online home business has become a norm in recent years. More so with the economic downturn that has hit most parts of Europe and in the USA. This is certainly a logical choice since there are really, unlimited online business ideas to choose from. Starting a business online is fast, incurs a comparatively low start-up cost and the freedom to set your own schedule, rather than living according to someone else's, is just downright appealing. In this article I have penned down some of the more important guidelines to starting a home business online.
What Should I Sell?
Naturally, one of the first questions that most people venturing into a home business online would ask is, "what should I sell?" One of the biggest mistakes newbies do is create or promote products that they think would be a hot item online. Now this is actually a reversed process. You should always do market research first. Identify the potential market, then finding or creating the product to feed the market. Does that make sense? By so doing, you are actually offering to a ready market what they want. A sure win situation, don't you think?
Where To Get The Products To Promote?
Well, there are three choices here. One, create the products yourself if you have the know-how. If you don't, get somebody to do it for you for a fee. Thirdly, you can promote affiliate products, here you'll be promoting other people's products or services to potential customers and get paid commission whenever someone purchases the products or services you recommend.
Promoting affiliate products is a good way to start off as a newbie, I sure recommend it and I have good reasons for it. For one, you don't need to need to bother about inventory or renting a warehouse to store products. This is all done by the merchants. No need to set up payment processing or worry about product enquiries as it is also done by the merchant. All you need is to drive potential customers to the merchant's website, and everything else will be taken care of.
How To Sell?
Setting up an online home business, you will need to learn internet marketing. Learning how to market online can appear to be overwhelming and difficult initially especially if you are new to the business, but it doesn't have to be. You can get plenty of information about it from Google or Wikipedia, You can also pay a visit to my website from the author biography link to have a better idea and understanding about marketing online.
Above are some of the basic steps to starting an online home business. They are the general yet crucial steps that you must seriously consider before stepping into the online business world. My final tip to you is to treat it as a real business. See it from that perspective always and you will be on the right track.
Steven Fu, the owner of PluginPassiveIncome.com, invites you to visit his Online Home Business Ideas website, where he will also share Online Business Opportunities he used to help him earn an online income from home at; http://PluginPassiveIncome.com
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Home Business Training Your Success Explained By Robert Kiyosaki
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In the MLM industry I have heard so many times over that if you work as an employee, you are not a 'true' entrepreneur. Now what is true about the statement, in part, is if you are an employee and have an entrepreneurial spirit, you most likely are day dreaming all day about other ways to make money, but just because you have a J.O.B. does not mean you are not an entrepreneur.
What is 'unfair' about the statement coming from the MLM industry is, the way that may be stated 'implies' you may not be good enough, which creates a challenge, a strong desire, which makes you feel the desire to try it out.
In a way it is a sales tactic of sorts.
The truth of the MLM industry is you are not truly working for yourself. They have created the illusion that you are your own business owner, but you are working for someone else no matter what. You are working for the MLM Company, going by their guidelines and following their terms of conditions (TOS). If you were a true business owner, you would have your very own strategy and TOS and only answering to YOU – you would be your own boss.
You can be both and will be both an Entrepreneur and Employee if you run your own business. You will have processing to follow, going to work (whether it is at your desk in your bedroom or at your bricks and mortar store front, you have to show up sometime), getting paid for your work … etc.
The benefit for a business owner is to be able to call all shots. You can somewhat do that in MLM, but not 100%.
In fact if you are starting your own business, you will need income to do so. Chances are you will be that 'Day dreaming employee' for a short time, while you build up the capital, to get your business off the ground.
A business owner (sole proprietor, small or large firm or enterprise) is a legally recognized organization designed to provide goods and/or services to consumers, either as a sole proprietor (starting out as a registered DBA in your state by typically using your SSN or later a FEIN, a unique nine-digit number assigned by the Internal Revenue Service), LLC or INC.
Some MLM companies allow you to register your own name and you present yourself as a separate business, selling their goods, but it is their (MLM Company) TOS you still have to pursue.
Some may legitimately argue that it’s better to work for another company in this capacity for legal reasons. The worst that may happen to you if you screw-up, your agreement with the MLM company will be breached and terminated. So there is that partial protection there.
You can practice your business skills that you should have already developed and give it a go, without concerning yourself about the law.
Some may also justifiably argue that the MLM Company backs you up. Ships the product and services for you (hassle free), takes payment, provides refunds (in some cases) and troubleshoots orders for you. All you have to do is sell it.
Easy enough, but if you look at that last paragraph, how does that make you an Entrepreneur or your own business owner? You are still working for someone else.
The point is that you are aware, that you know what your true title is when you join an MLM business. You are an associate, even in some cases an independent contractor but not a true business owner.
The misleading articles, posts and classified ads about working from home in the MLM industry have created their own and deserving reputation, and it is not the greatest one on the planet. The best way to recoup that reputation is to just be plain, simple and up front. If you are running a legit outfit, there is no need to 'double-talk' your potential customers or future downline.
Always do your research before venturing into the MLM industry, and if paying fees upfront to work. Know what you will be doing, how much you will be spending (why – in detail), check out the TOS, understand your role, get 'outside' sales and Internet marketing training, and how you are to go about recruiting others and selling their goods before you agree to jump in.
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