The benefits to having your own home based business are very exciting. You can be your own boss! You decide when you want to work. You go to work straight from the bedroom. Not having to deal with traffic, rude clients or demanding bosses can be quite a relief.But wait a minute, have you seriously thought about what kind of small home based business opportunity you should bank your future on?Before you start your own small home based business, do the following and you’ll get your home based business off to a good start.What marketable skills do you have that you can use to work from home? Some examples of people who have made a good transition to home based businesses are accountants, sewers, teachers as tutors or educators of toddlers, musicians who teach musical instruments, etc… If you have a skill, you can market it and have a home based business.What’s your capital and operating budget? Even businesses from homes need capital investment. Find out what your home based business needs. It can be as simple as having space for office files and to meet clients. Your home based business still needs the veneer of professionalism.How do you get clients for your own based business? You can start with your present company. Some companies are happy to pay for outsourcing services. The specialist they’ve hired is knowledgeable about them and can be trusted. From there you can add on more clients.Advertising and promoting your home-based business is crucial. That’s right…even if it’s a small home based business, you’ll need to advertise and promote. Print your business cards on the home printer, and distribute them. Or put your company details on a promotional calendar and give it away for the holidays. These are small things to do for your home based business, but they do make a big difference.Lastly, add up your monthly expenses and check your savings and insurance. When your home based business starts, you may not gross enough. Make a projected budget and see what the bare minimum you can live on while the home based business is just starting out.By doing your research on home based business opportunities and educating yourself on the various scenarios, you’ll set yourself up for success. For you’ll be better equipped on solving future problems such as competition taking business from you, low cash flow and any other problem that may crop up as your home based business grows.Reference: [http://smallbusiness.yahoo.com/resources/article.php?mcid=1&scid=12&aid=1258]Copyright 2005 Kent Thompson
Prepaid Legal Business Opportunity Review
Before we begin, yes there are already numerous Prepaid Legal business opportunity reviews all over the Internet. This is the reason why I’ve decided to write this for you in order filter all biased opinions and give you a “balanced” review instead.
At least for your sake, it will be less confusing. Yet you will still be at a higher level of understanding about the Prepaid Legal business opportunity. As we continue on there are three section to this report. Each represents a unique overview numbered just for your convenience.
1) How Prepaid Legal Services Got Started?
We go back to 1972. A gentleman by the name of Harland Stonecipher (a life insurance salesperson), had a serious car accident that changed his life. Stonecipher found out that he was insured for his car and medical expenses but not for his legal expenses of several thousand dollars.
He thought why not have legal insurance and that marked the very beginning of the “seed” of the Prepaid Legal business opportunity. In 1979 Prepaid Legal became a public corporation when its stock was traded on the NASDAQ exchange. You now see a company which offers legal expense reimbursement services selling plans through independent associates.
2) Selling Legal Plans
As a matter of fact the Prepaid Legal business opportunity means you will be selling plans often described as legal insurance plans. A typical plan provides your customers with certain specific legal services at no cost. Plus, reduced rates for other services in exchange for a membership fee, premium, or some other sort of prepayment.
You have the chance to offer individual or family plans, employee benefits plans and business plans. Individuals and families join for a minimal monthly or annual fee, usually through a credit card company. If you take a look at their website (the official Prepaid Legal business opportunity page), you will see that a minimal fee of $49 is all it takes to be a prepaid legal independent associate.
3) Your Compensation Potential And Weakness
With your Prepaid Legal business opportunity you will get the chance to earn a direct, linear and leveraged income. You’re paid an advanced commission of $69 to over $250 every time you help enroll someone into the Prepaid Legal business opportunity. You initially start off as a Certified Field Trainee.
You should know by now that the Prepaid Legal compensation plan is focused on a network marketing concept. This is why your great wealth arrives when you have targeted prospects who are also willing to work the system with you. You will need to a good marketing strategy to do this.
Your Ultimate Strategy
If you are considering to save some money on legal expenses, the Prepaid Legal business opportunity is a nice fit to your interest. However, you still need a good marketing plan to do it successfully. Your first step is to invest in a good online marketing package for your income advancement.
This article can be freely published on a website as long as it is not modified in any way including the author bylines, plus the hyperlink must be made active just like below.
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.