Contents

This article is touching on the how long you can expect to see any profits when you are starting your own home business. It will give you some ideas on how long you will expect to wait.

How Long Before You Make Money?

How Long Before You Make Money?With the exception of some not for profit organizations most people go into business in order to produce revenue (income) and profit. Unfortunately, when it comes to a home business, and especially network marketing, many people forget this important point. In a traditional business, whether a Ma and Pa shop, or a large franchise store like McDonalds, business owners know to watch their numbers. A business must make a profit in order to survive and, if it doesnt, adjustments must be made accordingly. One of the reasons for the high failure rate in small businesses, "home business" es, and MLM (network marketing), is because due to the low entry costs and requirements people often dont treat them like, real businesses. Two things commonly happen: 1) Many people have the attitude that since they didnt have to invest much to begin with they really dont have to be too concerned about whether they make money or not, or how soon. Of course, that often ends up being a self-fulfilling prophecy. Its not just that way with a business, but with many things in life. If you come to own something that cost a great deal or required a lot of effort to acquire you tend to appreciate it more than something of lesser perceived value. When you consider that network marketing has made some people just as much if not more money than many other traditional kinds of businesses, with incomes of as much as $1 million a month or more being achieved, treating a MLM as if it isnt a serious or real business is a huge mistake! 2) Because the entry cost can be so low people overlook the cost of not making money, and also have a tendency not to pay attention to how much their other expenses associated with their business (such as trips, conventions, and/or buying extra products or services over and above what you really need) add up over time. For example, lets say that you spend $500 to sign up for a new business. Not a lot of money at all, maybe the price of a cup of coffee a day and some change. Weeks go by, and then months, maybe even years, and you still arent making any money. Perhaps you dont think much of it because, you think to yourself, I only spent $500 to get started in this business anyway. But what are the true cost? Lets say that in addition to your startup cost you have also been spending $150 each and every month on buying your companys products and services. (Perfectly ok if you enjoy and use all of the products you buy; not ok if you are buying more than you need simply to qualify for a certain level with your company!) And lets also assume that you are spending $50 a month on meetings, conventions, or seminars (many people spend much more). So, even though you really havent paid much attention because you only invested $500 to begin with, if your business hasnt yet started making you money then you are really spending AND LOSING $2,400 a year, in this hypothetical example. And, here again, in reality many people often end up spending much, much more. Going back to the example at the beginning of this article about a traditional business, like a McDonalds. Those kinds of businesses often have much higher costs associated with them, such as a store lease or mortgage, equipment leases, payroll, etc. It isnt uncommon for a traditional business to have to operate for months or years before making a profit. In contrast -- though networking marketing is NOT designed necessarily to make you a very large amount of money overnight -- you can and should be able to generate an ever increasing residual income for yourself over time, and starting in relatively short order. Everyone approaches a new home business differently. Some people prefer to roll their sleeves up and dig right in, expecting to start making money almost immediately. While others prefer to first spend time learning more about their new business, and/or obtaining any available training. So its acceptable, if you choose, to take a few weeks or even a month to prepare for your new business. However, especially if it is your goal to start making money right away, it is entirely realistic with most networking businesses to start earning viable amounts of money within as little as 30 days. Certainly within 90 days you will want to start seeing some kind of payoff in return for your efforts. And no more than 6 months should go by without positively starting to see income coming in. In fact, ideally, you should try whenever possible to not only earn enough money to cover your original startup costs, but you absolutely should be making a profit (in other words, extra money) within this time. If after 30 to 90 days, 6 months maximum, you are not making a profit, you should seriously reevaluate! To summarize: 1) Always remember to track ALL of your directly related business expenses, including how much you spend on leads, products and services, meetings, trips and conventions, training, etc. You must add these expenses to your original startup costs. 2) Subtract how much money youve earned from the number above (your total expenses) and this will tell you how much money youve made (profit), or how much money youve lost and/or are losing. 3) To repeat: If after 30 to 90 days, 6 months maximum, you are not making a profit, you should seriously reevaluate! Dont continue down the same path if you are only spending more money than you are making, and not making any profit in return. Remember, except for a not for profit endeavor, the purpose of being in business is to make money. And in order to make money you have to actually make more money than you spend.

Work from Home: Successful Internet Businesses

Work from Home:  Successful Internet Businesses

There are large number of individuals who wish to work from home. The number one wish of many parents is to be able to stay at home with their children and still make a living. Although many individuals are unaware, there are a large number of existing work at home internet businesses that need assistance or individuals can even develop their own.The decision to "work from home" is a big one. Many individuals may take a large amount of time to consider this life changing step. It is important to remember that a large amount of individuals who work from home do not find the best business right away. It may take a few different businesses or a couple of years before you may show a profit; however, working from home is a fun opportunity that your whole family can benefit from.There are a wide variety of internet businesses that allow individuals to make a profit from home. There are many parents or entrepreneurs who selling online via an auction site. Internet shopping has dramatically increased in the past few years and so has the popularity of online auction sites. Selling on an online auction site is a convenient and fairly simple way to develop your own home internet business. You will be charged a fee for listing and selling your item. The amount of the fee will depend on which online auction site you are using. This home internet business idea is one that many individuals can do because it requires little experience. Online auction sites have templates that you fill in; therefore, you are not required to be experienced in web design or coding to sell. New or pre-owned merchandise can be sold online, just about anything will sell. A great way to determine if this work at home internet business will work for you is by selling a few items from around your house. If you have any old childrens clothing, toys, home dcor, or movies that you no longer watch, consider selling them. You may make a few dollars and it will give you the opportunity to decide if selling online can be a profitable home internet business for you. In addition to selling merchandise online, web design is a popular home internet business idea. If you are inexperienced in web design, but have the willingness to learn, there are a wide variety of resources available. Online help and guides are available for web design or you can take a class at a local college. Web design is a popular home internet business that is growing in demand. Whether it be for business or personal use, many individuals are deciding that they want to have their own web page; however, many do not even know where to start. Working from home is beneficial to parents with children or disabled individuals. It is possible for just about anyone to work from home. The internet has opened up many doors to a wide variety of different people. A home internet business is within your reach, you just have to have the time and the need to succeed.

Should I freelance?

Should I freelance?

Question: I have been going over this opprortunity for a long time. Should I freelance and work from home? But the answer, the logical answer, always wins. Can I survive? And the funny thing is thatI always think that I cant. I am a single mom. If I fail, my kids fail with me. And we eat nothing. So?AbbyDear Abby, I am glad you asked this question because this was the very same question I asked myself 7 years back. I had a needy 1-month-old child then (now I have 2) and I knew that if I leaped into the freelance world (which was something I REALLY wanted to do), it would spell either success orFAILURE. And I cant take failure for an answer. I know every one of us is different. Our situation is different and the circumstances surrounding our decision is different butone thing is the same. The passion to move out of the corporate confines. Good questions to ask yourself:Do YOU want to freelance?Do YOU want to have more freedom?Do YOU want to answer to no one?Do YOU feel that you could earn more money from a business on your ownover time?Do YOU want to have CONTROL over your life?Will YOU be willing to learn everything there is to learn about making it in the freelance world?Would YOU be willing to do anything to survive if you were thrown into the business world?Are YOU willing to learn, make mistakes, make amends and make deals?Can YOU negotiate with people? Can YOU admit that youve made a mistake and make amends?Are YOU flexible?Are YOU willing to learn technology? As in internetof course.Are YOU willing to discard with conventional ways of doing business?Are YOU trustable?If youve noticed, the questions are all YOU questions. Because of one reason.the decision is yours to make, no one else. I cant help you make the decision because I am not youand I am not in your position and situation. Now, before you jump into my bandwagon (the freelancing bandwagon), youd have to consider whether you have enough financial reserves for the beginning months of freelancing (very important if you want to make sure your kids have something to eat throughout the day). You need to consider, before you start freelancing, if you have the support of your friends and family members (they can crush your dreams within a day!). Are you willing to walk that extra mile to turn your dream into a reality? It takes a whole damn lot to be freelancingto make that jump. Youre standing at the edge of the cliff, wondering and pondering, while the rest of the world just evolves. Listen to your heart, Abby. If your heart tells you you should, go ahead and your head will follow. Communicate and learn from your mistakes (and other peoples mistakes, as well) and youll do just fine. If six months down the road and youre not making a single cent, go back to employment. If youre making $150 a month, I say trudge on. Believe in yourself. Good luck, Abby. Yours, Marsha

Home Based Business: Ten Tips For Success:

Home Based Business: Ten Tips For Success:

With the cost of living quickly surpassing the wages (we make) necessary to maintain an average lifestyle, more and more employees are beginning to seriously consider the option of working from home.Being your own boss, setting and keeping your own hours, keeping all (or most of the proceeds for yourself), saving on travel time and gas, allowing for as much vacation time as necessary, it all has its perks. It certainly seems that way, especially for many woman who may not want to stop working or cant afford to, but also want to stay home with the kids or be home when they get back from school.But, this growing trend, even with all its apparent benefits has many experts cautioning stay-at-home workers and warning them about the potential perils of home-based businesses due to common human error.Some of the most common (and most damaging) include: Going In Blind: Sure you need confidence, guts and faith to start your own business, but you also need to know what your getting into, and that means diving FIRST into doing the necessary research about the type of business you are interested in starting. Experts suggest finding out as much as you can about your potential venture and about its potential for success in your area. Find out about your competition, note how much they are charging and pinpoint your target market. Rely on books, trade shows, conferences and the net to gather your materials and information. Becoming A Lone Venturer: Keep in mind that starting ANY business is difficult, especially in its initial stages. This is the most crucial time for you and your venture and youll need all the love and support you can get. One of the biggest mistakes, say experts that new entrepreneurs make is not getting the necessary support from spouse of family. Besides maybe helping with the housework or kids, he or she may also want to lend a hand in your business or at least lend support and encouragement as to work to get things going. Leaping Without A (Financial) Safety Net: Most of us are use to bringing home a specific amount of income (give or take) each week, an idea of having a comfort zone that most new business owners need to give up say experts. According to professionals, most new business owners wont see a profit for several months. In fact, they suggest having at least six months (monetary) reserves on hand. Spreading Yourself Too Thin: While you certainly want to please the consumer and build your client base, its important to remember, that you wont be able to please all of the people all of the time. They suggest not spreading yourself too thin by creating a mission statement for your business defining your purpose and your goals. Include what your business involves, what makes it stand out, and where you see yourself a few months to a year down the line. And, they add that you should make it a point to check your statement periodically and make all the necessary adjustments. Getting Too Comfortable: Its easy to take advantage of being at home, especially when you dont have to punch or Watch the clock. But, according to experts, sticking to a regular work schedule is imperative. Keep your schedule flexible (thats what working from home is all about) but set limits and boundaries that will allow you to focus without any interruptions and be productive. Not Having A Space Of Your Own: For some a private office may not be feasible, especially if youre a stay-at-home parent. But, according to experts, its imperative that you designate a specific space to conduct business. It is also important that you have all the necessary office essential to properly conduct your business. Sharing space and sometimes supplies is necessary, but you really should have your own for maximum efficiency. Selling Yourself Short: Want to beat your competition (price-wise) is a smart move, but seriously underbidding yourself and your worth may not be. Know what the competition is charging and make reasonable adjustments remaining firm and confident in what your product and abilityand always leave a little room for play. Putting Off The Paperwork: While most of us dont enjoy the paper trail that often goes along with owning a business, its an essential part of operations, especially when it comes to keeping track of inventory and finances. Make sure to do all you shipping and receiving and related filing promptly, as well as sending out timely invoices. Keep in mind that most consumers take up to 90 days to pay, so youll need to bill them as soon as possible. And also, dont forget to keep track of your own expenses to know what is coming in and what is going out. All Work And No Play: Just because you work from home doesnt mean you never leave the house again. In fact, a very important part of any business is networking. So, think about maintaining your professional appearance and joining some professional organizations that can put you in touch with all the right people.and even though chat boards and blogs can offer you the same, making a personal appearance is ALWAYS a nice touch. Expecting Too Much: Considering working from home as anything but work. While you may have the freedom to make lots of your own decisions, youll also have a lot more responsibility, and that means learning how to manage your time (between work and career) like never before.

The 3 Most Important Questions To Ask About A Data Entry Job Business

One of the attractions of data entry jobs seems to be that you can work when you want and you get to control your time and deadlines. So many people are now developing their "data entry" jobs into a full data entry business. To decide if this is really a possibility there is a need to ask and answer some very important questions. 1. What would make a really great business? Probably the first thing would be that it should make good money because there is not much incentive to stay in a business that is not making any money. Most of us do not have the luxury, or desire, to continue in a business and not get paid. A business built around data entry jobs is definitely one that can make money.2. Can I be master of my own time? Another thing that makes a really great business is that you get to control your time. At first most people would be working in their spare time after work to earn that extra income. As success comes, and with it money, it is often possible to quit your job and work full time on the data entry business and with that comes a certain amount of freedom. You no longer have to check in at work by a certain hour, no more traveling in the cold (or heat) to get to work, no more getting calls at the last minute that they don't need you. You call the shots!3. Exactly how much will it cost to start? The last, but possibly the most important thing is that a really great business does not have to take thousands of dollars to get into. Everyone hears the stories about people mortgaging their house, or using all their savings to risk it all in a business. They often work 80 hours a week only to have the business fail in the first two years. With these three important points in mind, it is easy to see why so many people turn to a data entry jobs to earn "extra income" and to make money online. With the computer age there is so much opportunity for data entry jobs. The cost of getting into this business is very small, and you can really tailor it to fit your life, after all, you want to improve your life not work it away!

Add Space To Your Property With a Garage Kit Package

If your home doesn't have a garage or perhaps one that is not large enough, you may have thought about adding one to your property. However, having a garage built by a contractor can be quite expensive. And even if you're handy enough to tackle the project yourself, doing all the plans and getting all the construction materials together can be a daunting task. That is why more and more people are looking at garage kit packages. What is a garage kit package? It's a package that includes everything you need to build the garage of your dreams. A standard kit includes the framing lumber, wood trusses, siding and shingles, the garage door, windows and whatever else is needed to build a freestanding garage on your lot. It also comes with a set of detailed drawings including elevations, floor plans, truss and plywood layout, cut lists and various details.The question that instantly comes to mind, of course, is: Can I do this myself? Can I build my own garage? If you are handy with tools and have a few experienced helpers you probably can (don't forget that you need a concrete slab or concrete footers). However, you can also get a garage kit through a builder or buy a kit and have a contractor do the work and the total cost will probably still be less than having one custom-designed.In terms of costs, the kits are amazingly affordable. One-car garage kits in NJ can be as little as just over $3,000, two car garage kits are usually between $4,000 and $5,000, and three car garage kits are generally in the $7,000 range. As long as they build a garage, many people want to add some storage space as well. This is where gambrel "barn style" garages come in. The gambrel style roof makes room for an attic above the garage. Gambrel garage kits usually accommodate two cars and cost as little as $6,000. What if you have something special in mind? Most garage kit manufacturers give you all sorts of upgrade options. You can pick special siding, larger garage doors, skylights, cupolas, additional insulation, a metal roof, pull down attic stairs and more. And you can always apply your own touch to your garage project.While most people add a garage to park their cars, garages can also be used in many other ways. For example, a garage kit can be modified to accommodate a small business office, a playhouse for the children, a home gym, a general recreation room, a guest apartment or just some flex space. The possibilities are endless, and having a separate, detached structure generally costs less to insure, and noisy activities in the garage do not affect the home.Where can you get garage kit packages? There are very reputable mills and building materials companies that make and ship them. They use brand name products and make sure that all components meet industry standards. Kits are fairly large, of course, and it usually takes three or four weeks for one to ship, so plan ahead. Garage kit builders usually ship within about a 300-mile radius, so if you live in the Mid Atlantic region, a centrally located garage kit company may ship to Pennsylvania, New Jersey, Maryland, and other Mid-Atlantic states.

Summary

This article is touching on the how long you can expect to see any profits when you are starting your own home business. It will give you some ideas on how long you will expect to wait.