Online Network Marketing – Home Business For Baby Boomers

The time is right for baby boomers to embrace their new home business. The baby boomers have been a major force to be reckoned with ever since the first one was born in 1946 and until the last one came along in 1964. If you were born during this time period, then you are a baby boomer. There are about 80 million of us and we represent about one third of the U.S. population. It’s estimated that we control 65% of the money.

If you were in the right industry (or picked the right stock) as the wave of boomers grew, then you could have enjoyed a ripe harvest. While the first wave may be retiring, the rest of us need to make sure that we are positioned correctly to enjoy our turn when the time comes.

Year of the Entrepreneur

Entrepreneur magazine says that 2010 is the year of the entrepreneur. And I want to challenge you to claim your spot as a new home business owner. Are you ready to stretch and grow into a business model that’s a perfect fit? We have tons of experience and a lot to offer. Have you ever thought about starting your own business? If you genuinely want to help people, a home based business works well because you can start it part-time with less than $1,000.

What would it be like being the boss? Would you work harder for yourself than you have for your employer? Are you ready to start building the life you see when you close your eyes and dream? We were taught to go to school, get a good job, work hard, and then retire to do the things we always wanted to do. How is that working out for you? The old way is broken and doesn’t work anymore. Putting your future in your boss’ hands just doesn’t make sense – emotionally or financially.

Four Keys to the Right Business

But how do you decide to start a business? What should you consider before you begin your new enterprise? Let me give you four essential keys to help put the odds in your favor. There’s nothing fancy or mysterious about them. They are just common sense.

1. The first key is to look for a market that is growing. Being part of the baby boom generation, you’ve had a huge impact on markets throughout your life. Ask yourself, ‘What is important in your life, right now?’ What kinds of products and services will you be looking for and buying over the next ten to fifteen years?
2. The second key is to look for something that is purchased over and over again. If you market a product or service that is used rarely or doesn’t run out, then your next paycheck will depend on finding a new customer. If you offer a widget that gets used up on a regular basis, you will build up a steady clientele that will buy from you on a consistent basis. Which would you rather have?
3. The third key is finding a product that cannot be purchased just anywhere. Most commonly available products are purchased on either convenience or price. People will pay more for something if it’s something they need right away and they don’t want to run all over town to get it (e.g., convenience stores). If price is important to them, then they will buy what they need at the lowest cost (e.g., Walmart). You want to make sure that you are not competing on either of these levels.
4. The fourth key is to find a business model that allows you to leverage the efforts of other people. There are only so many hours in each day. If you are the sole worker in your business, then your business will grow only as fast as eight hours each day will allow. However, if you train others to build their business inside of yours, then you will benefit from the efforts of others in addition to your own.

Carpe Diem

The time is now. It’s important to understand the four keys to choosing the right business in order to set yourself up for success. Decide today that this will be your year. Isn’t it time for you and your family to win? Seize the day and create long lasting prosperity in your home business today.

Four Tips to Funding a Business Start-Up on a Shoestring

Are you unsure about whether or not to start your business because of lack of start-up funds? Many small and home business owners face this very issue in the beginning. Do not get discouraged — there are lots of ways you can fund your start-up business on a shoestring.

The first thing to remember is that there are endless numbers of success stories of shoestring businesses making it big.

One of my clients, back when I was running a web hosting business, started a baby sling company from her kitchen table. She simply purchased fabric and thread and used a sewing machine she already had to create a sling that was comfortable for her, and her baby. She really did not even plan to start a business.

But after getting rave reviews from friends and strangers at the grocery store, she started selling her slings online.

Today, she is a well-known sling maker whose products have been in big box stores and who sells thousands of dollars a day from her website.

Be encouraged and know that you can build a successful business from scratch, but you have to be focused and never willing to quit.

The second suggestion that many who have been in your shoes suggest, is not to quit your job until your business begins showing a profit. All too often, new business owners are enamored with the idea of owning and running a business and quit their day jobs, only to discover that funds run short fast. Then they are forced to take extreme measures, or look for another job.

Next, you have to truly know your business inside and out. How much money will it cost to run your business? You should complete a business plan, which will tell you if your business idea will be a feasible one or not. Research similar businesses and find out what kinds of profits and losses they are seeing.

Finally, if you find that you still need some financial backing but you do not want to borrow money from a financial institution, find a few investors. Present your business idea, along with your prepared business plan and research to trusted friends and colleagues and request their financial backing for your start-up business. Many times you will be able to obtain this kind of monetary help from those who believe in your business and want to see you succeed.

Home Business Expert – Top 10 Myths About Home Based Business

Today we have more home businesses than at any time before and the number of such businesses seem to be increasing with each passing day. This only points to one direction and this is that, home businesses are making a lot of money for their owners. Yes, it is true you can start a business from your home and begin to amass wealth. But to make it really successful you need to know what are the myths about home businesses, and then work around them.

So here are the top 10 myths about home based businesses for your convenience.
1. It is too technical.
2. Running a home business is easy.
3. You just need to work for a few hours.
4. Since I am working with Bob and Bob is a millionaire I will be one too.
5. Only the first people or the top people will ever make any money in a business.
6. You don’t even need a website!
7. You don’t have to pay for advertising!
8. You won’t have to spend any money.
9. There is no need to meet people at all.
10. You can put things on autopilot.

It is too technical : This is one big myth. There are thousands of entrepreneurs with very little technical skills, and no technical skills even who are making money all the time from their work at home enterprises. So you can too. Most businesses do not need you to be a technical wizard.

Running a home business is easy : Yes it may seem that there are many who are easily earning a 6 figure income, but you should know that this is not necessarily an easy job. To become really successful, you will obviously have to know your business inside out and then do the right things properly and only then can you begin to amass enough wealth. But yes, it can be done.

You just need to work for a few hours : Of course you can decide the number of hours you want to work and even select the time of the day when to work when you are working from home, but this does not mean that just working 1 hour a day for 3 days a week will make your business a hit. There are many small business owners who really slog it out and many of them even work on weekends. But this work is usually fun because you are working for yourself and not your boss.

Since I am working with Bob and Bob is a millionaire I will be one too : Here’s another popular myth. Yes Bob has been a great success story, but you still have to make it happen even though you are following him.

Only the first people or the top people will ever make any money in a business : Many believe that only those who join first or the ones who are at the top will ever make money in a program. But this is wrong. If you do the right things, you can succeed too, no matter where you are placed or when you start. You simply have to start!

You don’t need a website : At the very beginning when you are starting off, in many businesses, you may not have a website, but as your business progresses, you will see that having a website has become a necessity. We are now in the Information Age & the Internet isn’t going anywhere.

You don’t have to pay for advertising : No matter what your business, you still need to inform your customers about it and thus you need advertising. Advertisements are most effective when you are paying for them and this can also give you the mileage you need.

You won’t have to spend any money : This is another myth because often you will find that it becomes necessary to spend money for many reasons such as business promotion, paying people etc.

There is no need to meet people : You might be working from home, but that does not mean that there will be a need to meet anyone at all for your business.

You can put things on autopilot : There are those who think that you just start the business and put the things in place and the autopilot will take care of everything. If your business has systems & the tools in place, you’ll have the ability to leverage your time & make money while you sleep. However, you will always be the constant & therefore your business will never be on autopilot.

These are the top 10 myths about home business. Needless to say, they are not true.

Dream! Believe! Survive! – Philippines’ Booming Level in the Field of Business Process Outsourcing

Philippines has been endowed with several talents and resources that made its popularity in business increased. In the same way, talents and resources are the prime factors that made the country on top of business venture globally. Making it to the point of getting into the next level of business process outsourcing, the country’s edge has now becoming a big apple of one’s eye and slicing a larger pie in the global economic market and seems to lead in every way.

Indeed, Business Process Outsourcing in the Philippines has evolved quickly as it dominates every business sector made it possible to access in every way. Aside from BPO’s becoming a global sought phenomenon, it has leverage every business operation to stick on its cost efficiency and time saving factor which made it sparkled in the Philippines as a number one booming business inside the country.

Many businesses still crave for the BPO operations because of its usability and practicability in uplifting every small business’ abilities to compete and do better towards economic stardom in the field of global outsourcing business. It is a mere fact that with BPO as a an operation of delegating of one or more non-core business process to an offshore service provider with a certain field of specialization, one is accountable of the benefit it can brought to business development and growth and that is cost reduction and flexibility which are made possible in every business way.

Moreover, being a cost cutting antidote to the pressing tough economic situation, BPO leads by example of a business competition which have motivated most modern small and larger business in a way that every quality of services offered are being increased thus it lead to greater productivity and profit gaining. In fact, Philippines has been wowed for its exemplary performance in the field of business process outsourcing being the topmost outsourcing services hub in the Asia Pacific region and ranked 3rd in the world. That is due to increasing talent pool and proficiencies of the country’s populace enough to hurdle the demands of business process business worldwide.

Many have said that the overwhelming population of most call centers in the Philippines has raised the country’s fame in the field of business process outsourcing. The country has been a spotlight for BPO commercial and dealings because of the capability and advantage of gaining highly qualified, proficient in English and capacity of Filipino talents to handle business process tasks and compete in the global business outsourcing plus the hard work, loyalty, determination and dedication of the country’s service provider are factors to the country’s development and continuing success.

In this global milieu of global outsourcing, Philippines has equipped itself to offered exemplary performance in other outsourcing services such as accounting, software outsourcing, HR, and other outsourcing related tasks which have put the country’s rank on top of the so many business dealings giving them an edge over the others.
Philippines is still surviving and still pursuing its dream to successful global outsourcing now and in the years to come.