For anyone considering starting a home based business opportunity there are a lot of opportunities out there. A home business opportunity is an excellent chance to generate income from the comfort of your own home.What is the best home business opportunity?When considering what business opportunity is best for you it is crucial to first sit down and figure out:o What is it that you really enjoy doing?
o What is the point in starting a business that you would not enjoy running?
o How much money are you prepared to invest in your new business venture?Some opportunities require a small start up investment while others ask for a huge start up investment. You must sit down and determine how much you can afford to invest.So, what is required to make the most out of a home business opportunity?A state-of-the-art computer, a reliable broadband Internet connection, a printer, a working knowledge of the Internet and operating the computer are required. Almost anyone can make the most out of working on the Internet. There is an unlimited number of work from home opportunities to be found on the internet and not all are legitimate. In fact, some of them capitalize on your ignorance of the essentials of home business. It is in your best interest to thoroughly research each opportunity and then go with the one you believe would be genuine and a good fit for you.Some very good news is that a home business opportunity can pay you a lot better than your regular 9 to 5 job where you work to make others rich. You do not have to interact with anyone else other than your customer. The more effort, focus, dedication and hard work you put into your business you are more likely to generate a higher income. A big plus in benefits is that you can provide more quality time with your family. Furthermore, you can save money on things like insurance, car maintenance and gas. The downside to trying to make a living with a home business on the Internet is that less than 5% succeed.Do not become discouraged and give up on your goal of starting a home business opportunity no matter what negative information you receive. Believe in yourself as well as your talents and abilities to have a good life for you and your family. Realize that you deserve it and were born to have it.Imagine a better income than you already have and set your sights on achieving it. A home based business opportunity is that better income and it can put you on the path to independence and financial freedom if run in the correct manner.

Finding your micro niche is the key to any successful home based business. It will unlock opportunities that you never thought existed before so we should start by defining what it is and how to find the right one for you?Essentially a niche is just a very specialised area of industry. For example, a musician would be very general but a piano teacher would be a niche. You can always drill down further to start to find what are called micro niches. So in this example you might be a piano teacher for children between the age of 5-10. You can go even further by specialising in your local area.Key Criteria For A Micro Niche Home Based BusinessTo find your own micro niche you can simply follow the formula below:1. Pick your industry
2. Choose a specific area inside that industry
3. Limit it to a certain age range
4. Refine it to a specific geographical locationProviding you follow the above steps you will have found a micro niche in your industryNiche Vs Standard Business ModelOK so you’ve found your niche but you’re wondering why this would be better than a standard business model right? I mean, surely you’re limiting your audience which is going to make it even harder to succeed.Well before we address this let’s look at the benefits of starting a home based business in a micro niche. Firstly, the more specialised you get in any industry the more money you can make by selling your services. Secondly, it becomes easier to sell your services too because you are perceived as an authority in that industry. So let’s now look at how to market your micro niche to success.Marketing Your Micro Niche To Explode Your Home Based BusinessThe answer to this lies in the power of the Internet. Many years ago it would have been very hard to start a successful business as a fitness coach who only works with people between the ages of 25-40 in the London area but today this home based business model is totally achievable.Through the Internet you are able to get a huge marketing reach from your own home and find new clients that you would never have located before. The reason for this is because you are able to achieve highly targeted marketing at very little cost and many of these techniques I teach for FREE at my website below.So providing you have followed all the above steps you should have all the ingredients to setup your own home based business in any industry you like.

What is the best home based business to get into right now? Ebooks and any digital product is the best way to go. What does this mean to you? It is the easiest and simplest way to make money with a tight economy. Here is how to get started in this business you can operate from home.A digital product can be an ebook, training seminar, course, or game. This means you do not physically touch the product. You do not at all need to store any inventory in your own home either. Another cool thing, normally you will not ever need to ship the product either to your customer.The best home based business is becoming an affiliate of the companies that are selling these products. Go to places like ClickBank and set up an account and go window shopping on products you would like to buy and sell.You will be given a code to use that has your own set of numbers and letters for your home based business. This code will change your life! Every time a customer buys from you, your code is embedded in the web browser address when they click to buy. This means you get credit for the purchase.You can be given text ads, banners, and so many more tools to help your home based business grow and be promoted. Take the text ads and place them in free classified ads. When a customer reads the ad and is interested, they will click and land on the site you are promoting. This is one of the best home based business opportunities to get into and start immediately.Now, let’s get your best home based business to grow even more. You need to have a website. There are plenty out there that are under $10 a month. A lot will give you thirty days free to try it out. Have one site for each category you are promoting and selling in your home based business.If you are a person that likes music, then you may decide your best home based business is an online music store. Take all your affiliates for music and put them at home on your online business website. Now, your customers have a wide variety to choose from. Take some of your ads, not all, and start pointing them to your website to build traffic. The more traffic you get to your site, the higher your site will rank in the search engine and can be found more easily.The next step, if you wanted to sell another category say books, then have another website for just books. Now, connect the two websites together and when your customer is at one site, they can see you have another site and go shopping there also. When a customer buys something and checks out, there is a thank you page that can redirect them to the other site. They could even bookmark it for later.So, the best home based business does not even cost you any money at all to get started!

#1 Choose a company that knows the local market.
Knowledge of the local market means that your property manager knows what renters are looking for. If your property management company is a good one, they will think of the property as if they were a renter. Making smart and cost conscious recommendations to the owner that will increase overall return while improving the property so that it becomes more desirable, will help increase rental rates, lower turnover and decrease vacancy. Your property management company should make sure that your property always stays competitive in the leasing market. This knowledge will help maximize your rents while minimizing your time-on-market.

#2 Set up a meeting with the property manager and make a plan.
If the property management company you are choosing is a good one, they will set up a meeting with all new property owners and make a game plan. Getting to know your property manager will help improve the interaction and can give both the owner and the property manager a good idea of how they will work to improve the return for that property. Each property plan is different and is based on the goals, plans, and budgets of the owners. Designing a property plan that is right for each owner’s needs is the key to successful property management.

#3 Don’t take our word for it… ask our clients!
Nobody can give a better picture of the company’s service than a current customer. Ask your property management company to give you the names of three clients with similar properties. Get in contact with those people and ask them questions that you feel are important to the success of your property. They can tell you best and can usually give a good picture of the strengths and weaknesses and their contentment with the service.

#4 Make sure you’re getting premium customer service.
Probably the most common complaint about management companies, both from tenants and owners, is that their customer service is terrible. Wouldn’t it be great if you could reach your manager whenever you needed? Choosing a property management company that strives to offer great customer service and actually delivers will mean the difference between headaches and satisfaction. Good customer service is something you should expect and a company with good customer service has to make sure the other aspects of their business are on point because they are always telling you about it. Keeping owners informed with frequent communication about the market and how their property is being managed is necessary in any management relationship.

#5 Show me the money!
Property management companies typically collect rents between the 1st and 5th of each month. It should take no longer than eight days to collect rents and prepare all monthly statements for each property. That money is the property owner’s and should be in their bank accounts as quickly as possible. Earning interest on the rental revenue can really add up in the long haul. Some management companies will try and keep the revenue in their account as long as possible so that all interest earned is earned in their accounts, not the owners. We don’t do that. Our job is to collect your money, not hold onto it.

#6 Make sure your management company knows accounting.
Accounting for revenues and expenses with investment property can be a difficult task. Organization and great accounting skills will ensure your property management company is accounting for your property correctly. At the end of the year when tax season comes up, all of your income and cash flows should be easily accessible and in the correct order to make your tax paying easy.

#7 Your management company should maintain good relationships with tenants.
Your management company should keep up good relationships with their tenants. Tenants are a customer of the property and should be treated as such. Keeping happy tenants results in lower turnover, which means lower re-leasing fees for homeowners. Happy tenants will also make releasing much easier because they tend to keep homes cleaner and are easier to work with when it comes time to show homes to new prospective tenants. A reputable property management company with a good name in the eyes of the tenant is not easy to come by. Choose a company that cares, it will increase your property’s return.

Would you rather make money by working the rest of your life or make money investing the dollars you have accumulated? As they say, you can either work for it, or you can make your money work for you. There is only one problem with the obvious answer here: most folks are somewhat clueless, and to make money without going to work you first need to learn to invest. Let’s get started.

In order to make money investing over the long term your goal should be to make your money grow at a rate that at least outpaces inflation and taxes. Otherwise, you’re not getting ahead; you’re treading water at best. You must first understand that growth is the objective, and then you need to learn to invest money so you can put it to work. There is no secret formula to make money investing, but there is a shortcut if you really want to learn to invest, especially if you sometimes feel clueless.

Here’s why people feel clueless: they don’t know what their choices are or what to look for when investing money. These are the basics, and until you understand them your odds are poor if you want to make money investing over the long term. Plus, you will likely never feel comfortable, especially if you’ve lost money in the past. It is very difficult to learn to invest piecemeal… picking up one nugget of information at a time. The pieces of the puzzle just won’t ever seem to fit together.

So, here we start at the beginning, the ground floor. This is your shortcut if you want to learn to invest money with a firm foundation so that the pieces of the puzzle start to fit together and make sense. There are only four basic choices that any of us have, and if you want to make money investing over the long term you should get a handle on all four of them. Here they are in order of least risk (with lower profit potential) to higher risk (with greater profit potential): cash & savings, bonds, stocks, and alternative investments. That’s it.

The first choice simply pays interest and features safety. Think of checking accounts, savings accounts, CDs, T-bills and money market funds. The second choice offers higher interest income with moderate risk. Here we have Treasury bonds, municipal, corporate, investment grade, junk and a multitude of other bonds as well as bond funds. If you want to make money investing without too much risk you should include both of these safer choices in your portfolio.

Your third choice is stocks, your primary growth engine, and it obviously involves risk. You make money in stocks through price appreciation (rising stock prices) and from dividends. Here you find terms like blue-chips, high quality, low-priced, growth, growth and income, industrials, financial, high-tech and so on to describe them. You don’t really need to learn to invest in individual stocks; you can go with stock funds and let them do the stock picking for you. But if you are going to achieve growth, stocks can not be avoided.

The fourth category of choices is growth oriented and risk can be significant as well. Some professionals in the financial services business ignore it or consider these alternative investments unnecessary. The list is long, but think: real estate, natural resources, gold, silver, oil, and other commodities like aluminum and copper. I feel that if you ignore these choices, you’re missing out on the opportunity to make money investing when the likes of stocks and bonds are out of favor. The good news: you don’t need to learn to invest in real estate, gold, oil and so on. Mutual funds are available that do the heavy work for you in all of these areas.

Now you know your basic choices. The next step is to ask a few basic questions, and here are some questions you need to ask anytime you consider making a specific investment in any of the four basic areas. Ask about: liquidity, safety, income, growth potential, income taxes, and the costs involved. Ask yourself and then find the answers, or ask the person (like a financial planner) who is making a recommendation to you. Never ignore the costs involved. You are trying to make money investing. High costs only work against you.

You can’t learn to invest money by reading one article, but you can get pointed in the right direction. That’s what I have tried to do here by starting at the beginning. Once you have a handle on the basics, it’s a whole lot easier to learn the rest. Don’t give up, and stay focused on your objective: to make money investing so you don’t need to work for the rest of your life.