The world wide web is full of offers to start home based businesses. They will tell you that a home based business is the vehicle to generating a passive source of income and can lead to early retirement. Furthermore, it is easy to start and run, and doesn’t require much financial commitment.While there are spectacular successes for some people, on the whole, the results will be disappointing for most. More often than not, many people will quit after a few months with mediocre results, while some might tough it out for a year or two, but still with rather poor results.When I started looking into the home based business phenomenon a few years back, I firmly believed that anyone with the drive to work hard and smart, can start and run a home based business, and make it a success.But now, with the benefit of hindsight, I do not think so. The demands of a home based business are many and varied, and I think not everybody can measure up. I have listed below some traits and reasons which you should NOT have if you want are considering a home based business. If you are guilty of even one of the traits or reasons, you might want to rethink your decision to start a home business.If You Are Looking For A JobYou are going to quit your job at the end of the present month. You have budgeted about 3 months worth of expenses, and is planning to work very hard at a home business so that you can make it a success by the fourth month. You reason that even if your potential earnings fall short of the claims by the fourth month, it should still be more than enough for you to get by.If You Are Not Open To Learning New SkillsYou are not open to nor are interested in learning any new skills. You are going to depend on everything you already know to run your business and have no intention of and do not see the necessity of learning anything new even if it is called for or if your business requires it.If You Don’t Have The Entrepreneurial SpiritYou know that you are not an entrepreneur. Even the thought of striking out on your own scares you. What you intend to do is to find a home based business that comes with step by step instructions. You fully intend to follow the instructions exactly and make the business a success.If You Are In Desperate Need of MoneyYour daughter’s college tuition has to be paid in the next 6 months. Furthermore, your landlord is looking for you for a little chat about the overdue rent and you are quite sure that the bank manager will be calling you soon for an update about the overdue loan payment. So, right now, you need an opportunity or a home based business that can earn you at least a few hundred dollars a month almost immediately.If You Don’t Want To Work HardYou are entranced by the ads on the net about home based business that can make you a lot of money but needs very little work and skill on your part. You don’t want to work hard and are actually looking to make money fast.ConclusionIf you see yourself in just one of the paragraphs above, you need to take it seriously. A home based business is not a walk in the park and if you start one with a handicap, your chances of failure will increase exponentially. Do take a step back and take an objective look at your strengths and weaknesses, and then decide if a home based business is for you.
3 Occasions When Real Estate Laws Matter The Most
Before we go into the details of occasions when one really should know the important and basics of real estate laws, let us introduce you to what these laws entail.
Real estate laws are the legal statements which specify certain terms, conditions, scenarios and obligations which individuals and organizations should follow while making any dealings regarding land and buildings of any kind including apartments, homes, cultivating land or farms. They should be followed in sale and purchase and activities involving rent and lease of any property. These laws are made to protect both parties involved in any such agreement.
The five occasions when one needs to know the basics of real estate laws are: buying or selling some property, entering into a property lease agreement, entering into a mortgage agreement, home closures and foreclosures and entering into a tenant-landlord agreement. All these occasions are important as they involve a great deal of mental and financial investment. You should, therefore, pay enough attention to even the minutest of all details before entering into any such deal and making any decision. We will discuss three of the above mentioned cases when knowing these laws will help you in a number of ways.
The first and foremost time when you should know what your rights and duties as a seller or buyer are according to law, is when you sell or purchase some property. These laws tell you what you should do before making the transaction in order to stay free of tension and any future litigation. Most of the real estate laws direct both buyer and seller to go for proper documentation of each and every step so that things may be presented as evidence in case any dispute arises in near or far future. Both the buyer and seller have to add every term and condition of the exchange to make the process go smooth. A precaution at this stage is to avoid using your own wit at such a spot and to take help of an expert. Involvement of a technical hand can save you from scams and provides much better legal protection.
When you are going to enter into a lease contract, the need to know real estate laws arises when you are to decide and document the conditions which will terminate the contract, transfer of property provisions and the use of property. Having known what you can do and what you need not to do to avoid lawsuits or unfair claims on your property will help you as long as you are involved in the agreement.
The third and last occasion is when you are entering a landlord-tenant agreement. You should well consider the landlord/tenant laws and should well bargain your rights. As a tenant, you can, and should, check fro the present condition of the residence, the number of tenants as written in the agreement and the terms and conditions of increasing the rent. As a landlord, you should make it clear to the tenant that what are the circumstances in which you have the right to terminate the contract, the number of residents and the time period for which the agreement is valid.
Effective Marketing Strategies in Product Creation
Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.
If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.
Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.
For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.
No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.
There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.