Home Business Ideas and Opportunities

Archive | July, 2014

Your Home Business: Turning Pennies into Dollars

Here's a great article

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Henry Ford taught us that to simplify the manufacture of
automobiles, that the best way to do so was to install the
assembly line. That one change revolutionized the auto
manufacturing industry permitting the industry to build cars at
a cost whereas the average person could afford to buy one.

The lesson we should take from this is that having the ability
to improve the process of getting the job quicker and cheaper,
without compromising the quality of the job being done, will
help catapult the person who simplified the process to the top
of his/her field.

Pennies saved in your home business can turn into dollars at the
end of the day, and dollars can quickly multiply into hundreds
or thousands of dollars over time.

Doubt me if you will, but let me ask you a question. Do you
think a saving of two fifths of a penny could make any real
difference in the profit margin of a home business? Of course
the right answer is “it depends on how many transactions are
done in a year, utilizing the savings of the two fifths of one
penny.”

You only have to think back a couple of decades to really
appreciate this question. Do you remember the nut that lived and
died in a Las Vegas hotel room? You know the one who was a
billionaire, and was so worried about germs that he died of
starvation? If you guessed Howard Hughes (1905-76), pat yourself
on the back.

Now Howard did not make all of his money on his two fifths of
one penny. He did however make a ton of money from his two
fifths of one penny. It seems Howard owned a can manufacturing
company. And one day, Howard's team figured out how they could
make one minor change in the design of their food can to reduce
the amount of tin necessary to make a single can.

As the story goes — if my memory serves me correctly — the
reduction in tin usage equaled a saving of two fifths of one
penny per can. Howard — being the really smart businessman
that he was — decided that he would not be so greedy as to
keep all of the savings for himself. What Mr. Hughes did do was
to keep half of the savings for himself, and give the other half
to his customers. The incredible thing about Mr. Hughes decision
is that by saving his customers an extra one fifths of one cent
per can, he managed to take more market share away from his
competition — netting his company an additional and
substantial portion of the total market share in the canning
industry.

Let us return our thoughts to your home business. Have you ever
gotten the feeling of excitement — when you read something or
thought of something — that you could not wait to implement
this new idea? This could be one of those moments…

In every home business, there are certain processes that we do
over and again. Sometimes it may be possible to trim the time or
expense of a process which in turn will add pennies or dollars
to your bottom line. If it is a process that you do hundreds or
thousands of times per month, then your savings will multiply
into hundreds or thousands of dollars in monthly savings.

Imagine what running a home business was like BEFORE the
computer…

Before the personal computer, we had to hand type all letters
and invoices. Now, we can setup a letter or invoice that we send
out quite often, and we can save it in our word processor so
that when we need to use it again, we can print it quickly and
efficiently. There is no longer a need to type the document
again from scratch.

The computer has simplified our business communications and has
provided us the opportunity to reduce our costs of doing
business.

Think about all of the other processes that the computer has
enabled us to do for far less expense than what we could in the
past.

In this case, the computer is a tool that permits us to save
time and money.

So, my challenge to you is to begin examining the processes in
your own home business and look for ways in which you can save
yourself time and money. It is far better for you to contemplate
on this matter than it is for me to do so for you. Simply put,
you know your business better than anyone on the planet does.
Therefore, you are in a better position than anyone to find
those extra dollars that will decrease your costs and increase
your profits.

The extra pennies and dollars you could extract from your
business could spell the difference between success and failure
for your home business enterprise.

How to Stay Focused on Your Home Business Goals

Here's a great article

http://www.PlugInProfitSite.com/main-28382

When you are the owner of a home business, you will find
hundreds of distractions that vie for your time, energy and
focus.

Common distractions include: children, family, friends,
neighbors, pets, phone calls, mail, household chores, video
games, television, neighborhood children, visitors, and so many
more.

As an owner of a home based business, you must always remember
your purpose in bringing your profession home. What was your
reason for wanting to own a home business? Was your goal to work
from home so that you can share in the lives of your children?
Was your goal to be out from under the rule of a tyrannical
boss? Was your goal to have the freedom to work when it is
convenient for you? Was your goal to make tons of money working
for yourself?

Here's a few good tips that will help you stay focused on your
home business:

TIP #1:

Whatever your reason for going out on your own, you must keep
your reason in the forefront of your mind. If you forget your
reason for starting your own home business, you will not be
working for yourself for long. It is far too easy to let
circumstance drive your activities — and when circumstance is
in the driver's seat, you are more likely to crash and burn.

TIP #2:

Remember — your own business is a lot like a real job. Some
people go to work to play, some go to socialize, and others —
most often those who are paid in a commission or tip environment
— go to work to work and to make money. When you work for
yourself, your salary is directly proportional to your
productivity. Therefore, wouldn't it make sense to stay focused
on getting as much done in as short of a period as possible?

Go to work to work and to make money. Leave playtime and
recreation for when your workday has ended.

TIP #3:

When you are dealing with family in the course of your workday,
it is important to schedule your activities as much as possible.
With small children, you must take time when you must, but you
should also work hard to make sure you dedicate a specific
number of hours to your workday.

With older children, it is much easier to tell them that you
will be working between the hours of x and y. Your children and
your friends must understand that certain hours of your day are
devoted to the activities of your business.

TIP #4:

Don't permit your friends and extended family to run over you.
Many people get the blind idea that if one works from home then
they are not actually working.

Well-meaning people may try to fill your doorway to bring advice
about getting a real job. Others may simply believe that if you
are at home, then you are fair game for chitchat and
socialization.

You must stand firm. You must make certain your friends and
family understands that when you are working, then you ARE
working! If they wish to socialize with you, then they need to
do it during the hours that are not dedicated to your home
business.

You are the only one who can stand up for you. Your friends and
family will seldom be able to appreciate your dedication to your
home business, unless you make the effort to make sure that they
have the same respect for your business that you do.

TIP #5:

You should allot a certain portion of your day to email and to
regular mail. For example, allot one hour in the morning and one
hour in the afternoon to handling your written communications.

Unless you dedicate certain times to the handling of these
communications, you will soon find yourself on the downward
slope of decreased productivity.

TIP #6:

When you find yourself spending too much time doing
non-productive activities, then you should seriously consider
finding a third-party service provider who will assist you in
those non-profitable business activities.

As an example, you might be in the mail-order business. You
might believe that your time is best spent writing ad copy and
setting up your advertising, but you find yourself spending far
too much time taking care of your books to take care of your
advertising in the manner that you should. In this event, it
might make more sense to hire a bookkeeper to handle your
financial records for you.

CONCLUSION:

In the end, the success of your home business is entirely and
completely reliant upon you and the decisions that you make.

You had your reasons for deciding to start your own home based
business. You must always keep your reasons in the forefront of
your mind. You must always be able to rely upon your own self
and your dedication to the success of your business.

Your friends and family might be annoyed that they cannot come
visit upon their own whim, but when success comes to you and
your business, they will better appreciate you for putting your
foot down when necessary.

Success is within your reach, if only you can stay focused on
your goals. You must decide to reach for your goals, and then,
you must have the discipline necessary to reach them.

Starting Your Home Based Business on a Shoestring Budget

Here's a great article

Whether seeking a supplemental income or a full-time income,
many folks have undertaken the task to discover a viable home
based business solution to meet their personal needs.

For most folks who contemplate a home business, a low-cost or
no-cost solution is not only nice, but also very necessary. Many
also seek to find a home business that will permit them to
maintain their regular day job in order to protect their base
income.

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Taking the cautious approach to a home based business and
keeping one's job during the start-up period is often a very
good decision. By maintaining one's job, one can maintain the
health of their personal finances while permitting their home
business grow healthy and strong.

Fortunately, most home based businesses can be started with
little or no cash, can be maintained on a shoestring budget, and
can be operated successfully with only a part-time investment.

One day, the business will be strong enough to support itself
and its owner. When that time comes, it will make good sense for
the business owner to leave his or her outside job to dedicate
more time to growing and maintaining their new thriving home
based business. You will know when that time has finally arrived.

The nature of a home based business makes it easy and very
realistic for most folks to take the plunge into home business
ownership.

Yet, many folks put off starting their own home based business,
because they have the misconception that they will have to risk
thousands of their own hard-earned dollars at start-up. Then
later, if their business fails, they fear they may be forced to
take out a second mortgage on their house just to stay out of
bankruptcy.

Are you one of these folks? Do you let your fears of failure
keep you from reaching for your dreams?

If so, then allow me to introduce you to a few home business
ideas that you can start for less than $100 and can be started
and operated very profitably as a part-time business.

THE LIFEBLOOD OF ALL SUCCESSFUL BUSINESSES

First of all, let me advise you to search out a business model
that will deliver steady and repeat business. It is the one
thing — above all others — that will assure that your
company can survive the test of time.

HOME-BASED MAIL ORDER:

Home-based mail order is a good example of how one can quickly
grow a home business income. Mail order is a low cost start-up
business that can be launched for around $100 USD.

With proper planning, your home-based mail order business will
not require up-front inventory purchases. In the mail order
business, it is not uncommon to rely upon drop-shippers for
product fulfillment services.

By utilizing drop-shippers, we can sell the products, collect
the money and then purchase the products from the wholesale
outlet. The wholesale outlet will then put a return address for
your company on the product packaging and deliver the product
directly to your customer.

Your primary expense in the mail-order business is advertising.
Classified advertising tends to be a relatively inexpensive form
of advertising with thousands of outlets available to the small
business owner.

WHOLESALE BUSINESS:

Buy low — sell high. You can acquire high quality,
top-of-the-line merchandise for a fraction of the retail cost.
Starting a wholesale business would require a Wholesale Dealers
Directory as your source for merchandise, such as the one above.

AUCTIONS:

Auctions can be an excellent source for buying cheap and selling
high. Both government auctions and Internet auctions can lead to
some excellent profit opportunities. Auctions are an excellent
tool for both acquiring and selling merchandise.

MAKE AND SELL YOUR CRAFTS:

Crafts are a hot seller at country fairs, swap meets or anyplace
where people gather. Make your own crafts and sell them for a
tidy profit!

SELLING INFORMATION:

Selling information by mail is another good example of an
inexpensive home based business start-up. One can gain the
resale rights to information for usually about $50 USD. Other
costs will include printer cartridges, paper and postage. There
are plenty of free classifieds sites on the Internet, in which
to successfully advertise your information.

WRITE INFORMATIONAL BOOKLETS:

Write and publish your own informational booklets; sell them at
a high price! All you need is a little know-how, a printer,
paper and stamps. This is a GREAT home business idea! You can
also sell the resale rights to others, for extra profits. In
this age of the Internet, you may also take advantage of the
fact that selling information is one of the most profitable
endeavors one can pursue online.

OFFICE SERVICES:

Offer office services for hire in your local paper. You'll be
surprised at the amount of regular office business that can be
gleaned from one little classified ad. Word processing, typing,
accounting, data entry, proofreading, transcription, promotional
letters and newsletters. All these tasks can be accomplished
right from your own home office.

AVON REPRESENTATIVE:

Yes, Avon's been around for eternity, hasn't it? Then it's not
such a bad prospect as a home based business, is it? I once knew
a woman who did so much business as an Avon rep. that she had
people calling her and knocking at her door wanting to order
products at all hours of the day and night! Once you are an
established Avon representative, you, too, will turn a good
profit.

CONCLUSION:

On your search for the ideal home based business, try not to get
caught up in any scams that will run off with your money. There
are thousands of scam artists out there just waiting for the
next sucker to come along. Remember, if it sounds too good to be
true, then it probably is. Just use your good judgement and
invest wisely in proven methods of earning extra income.

Home Business Ideas and Opportunities

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