You’ve retired and you’re considering starting a home based business to solve your problem (not enough income to do what you want to do, or you’re bored spending your time watching Oprah and Dr. Phil).Your friends and family say that all the home based businesses you find on the Internet are SCAMS, and you’d be better off trying to live within your retirement income and spend your time watching Oprah and Dr. Phil.Well, some of them are scams, but most are legitimate opportunities.The problem is that even many of the legitimate opportunities raise unrealistic expectations by hype such as:* Start making a six figure Income Immediately.
* Unconditional $1,000 guaranteed weekly income.
* Earn $200K per year with no work.
* You can earn a six figure income with no selling.
* Get paid hundreds and even thousands a day without selling a single thing.
* Work 10 minutes a day at home. You will easily make $1,000.00 a day. No experience needed. No selling on your part. [This one is my favorite.]Then they tell you that you can do all this in your spare time.Home based businesses have a bad name because ads like these lie to you. Naive people believe them. When they end up losing money, they bad-mouth home based business.Do you wonder why they tell you not to quit your day job?Well, the reason is that it can take years before you start earning any significant money!The TRUTH is that a home based business is like any other business. You can make a lot of money in a home based business, but like any other business, it takes hard work, marketing skills, and an investment of time and money.There are a lot of legitimate business opportunities available. To find the one that best fits your needs, DO YOUR HOMEWORK!You can be successful in any home based business venture you choose if you are willing to learn how to market it, but there are great differences between the products they offer and their compensation plans. So before you sign up, you should find one that has a product that you will be comfortable promoting and one that has a compensation plan that meets your needs.The compensation plan is particularly important to you because as a retiree, you don’t want to wait five or ten years before you can make the big bucks.Another factor that is crucial for success is finding a sponsor who will help and support you while you are learning how to market your opportunity and your products.In later articles I will address how to successfully market your opportunity and your products, and what you should require of your sponsor before joining his opportunity.But don’t be taken in by the hype. If you’re not willing to work hard and learn successful marketing skills, you should NOT start a home based business.If I can be of help to you in sorting among all the conflicting claims, do not hesitate to email me.
Start a Home Based Business in Retirement? Part 3 – The Truth Vs Hype About Home Based Businesses
Home Based Business Opportunity – Consider Which One is Best For You
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.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.