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Monday, February 18, 2008

Creating Retail Business Online

Copyright © Jose Love


http://www.teambuildnetwork.com


Online auctions have allowed people with little business experience to become successful retailers in a mail-order business of their own. It has also sparked the growth of many sideline businesses that may or may not be of service to an auction seller. Many successful sellers started out cleaning out their attic or garage and eventually made selling on auctions a full-time business and career.

There are numerous success stories about people who were able to make the move from rags to riches by selling a variety of merchandise through online auction sites. There are tricks to making money through online auctions and a few people are making money selling what they claim are the secrets to selling on an auction. Essentially, there is no real secret or trick to making money by selling merchandise through an online auction.

It’s really a simple concept, in finding a line of in-demand merchandise that you can buy at rock bottom process and sell at a higher price. No secret, just common sense. However, if it really is that simple, there would be lot more auction millionaires than you read about in the newspaper. Finding the next hot item can take a certain gift in being able to track the trends in everything from clothing to home appliances. Chances are, by the time the average auction seller comes across a really hot seller, it’s too late.

They may buy a large inventory at a reduced price hoping to cash in on the item’s demand, and wind up with no bidders and a lot of stuff in their basement. If you think you have the best thing since pockets on a shirt, only buy a couple of them for your inventory. Use a good quality picture and spell-check your write up and start the bidding at a reasonable price. If the items sell quickly, it may pay to pick up a few more of them and continue selling them.

Once you find a line of merchandise that sells extremely well, stay with it. For example, if you can get your hands on sports memorabilia at a really reasonable price, regardless of where the team is located, it can prove valuable on an online auction. Your buyers are coming from around the world and there is a fan for every team in every state and in most countries. Do not limit the team merchandise you sell based on your geographic location. If people in the team’s area want the merchandise, it can probably be found in the team’s sport shop.

Whatever you do when selling at an online auction, do not make the buyer wait for weeks to receive their merchandise. If you promise the merchandise will be shipped within so many hours after receipt of the payment, ship it faster. Insure the expensive items at your cost if the buyer chooses not to pay for the option. A couple of bucks for insurance can save a lot of aggravation later.

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Thursday, February 14, 2008

Debt Of A Business

Debt Of A Business
Copyright © Jose Love


http://www.teambuildnetwork.com


One of the largest stumbling blocks you will encounter when starting a new business or upgrading your company is getting a bank loan. A lot of people have no idea how to start to apply for a loan. The quickest way to get turned down for a loan is to go into the bank with no documentation. A banker needs to have documentation for the
dollar amount that you are requesting. They will also want a detailed report of why you feel that you need that amount.

The banker will also request for a projection of when the loan can realistically be paid back. They will want to know how often you will make payments. Should you decide on monthly payments, the bank will then want to know the amount of that payment. If the loan is of considerable amount, the banker will need to know what you plan to use as collateral. A company’s assets are normally used as collateral. Real estate, however, is the biggest asset used as collateral.

A financial history for your company will need to be submitted. This includes balance sheets, profit and loss statements. If your company is already established you will need to have up to three years worth of these documents. Should you just be starting this business, a very detailed business plan needs to be provided to the
bank.

Projected profits and projected cost flow for the next year will need to be done on a month to month basis. All projected money coming into the company should be detailed out for the banker. All expenditures, from supplies to salaries, also need to be in a detailed form.

The banker will want a detailed report of where you envision your business each year for the next three to five years. Included with this should be all expansion ideas for employees, locations, products, etc. The bank will need to know the plans for the company’s future and the direction that you want the company to head in the future.

Other information the bank will want to know will be the business experience that you have or have had. You need to tell them about any degrees or certificates you have. They will also want to know how long you have worked in the industry.

If you don’t get your loan, let the lenders know that their rejection doesn’t discourage you. You should portray confidence and determination. You need to try several lenders until you receive the money you need. Be confident and proud of your venture into the business world. You should let the lenders know that you are in control and you know what is best for you and your business. Ask the bankers why you did not get the loan. Take that answer, learn from it and then move on and try other lenders.

As a business owner, the most difficult task is finding the money to operate your business. Take the necessary steps to minimize difficulties when preparing for a business loan. The most important task when getting ready to apply for a loan is to prepare a very detailed business plan.



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Sunday, February 10, 2008

Looking For Honest Ways To Earn Extra Income

Looking For Honest Ways To Earn Extra Income
Copyright © Jose Love


http://www.teambuildnetwork.com


Everyone who is looking for ways to earn extra money knows it is not going to fall into their lap. There are many

honest methods of earning extra cash and if working outside the house part time is not an option for you, look to

the internet for new methods.

Everyone has heard about the big money to be made through online auctions and some

people actually earn a living simply selling merchandise at auction. Many more, however, can pick up a few extra

dollars here and there, but if you want to make the big bucks, you will be doing this on a near full-time basis.

Getting connected with a company that supplies the products for you to list on your auction site, and then handle

the billing and shipping can create a lot of profit if you pick the right items to sell.

If you do not find the

right merchandise and your listings do not sell, you will go broke paying listing fees for merchandise still

sitting in the company’s warehouse. Before you get started in a full time auction business, become fully educated

on the type of merchandise in demand and remember it will change with the seasons and at the whim of the customers.

What sells good today may languish in a warehouse tomorrow.

Affiliate marketing is about the easiest way to make

extra money today. The only work required on your part is placing another company’s ad on your site. When visitors

to your site click on the add, it automatically tracks the referral and when they make a purchase you earn a

commission. If you do not have a website, these ads can be placed on your web log, known as a blog, and if the ads

relate to the subject of your blog, you can earn even more money.

Selling online can also bring in extra cash, but

for this you will need a website or at least get connected to an existing website that will let you post your

merchandise for sale. There are some craft or antique malls that rent booth and floor space in which you can

display your products. The mall will handle all the marketing for the entire building without focusing on one

tenant, ad in addition to the monthly space rental will also charge a percentage of the total sales.

Perhaps website

can be constructed that will also showcase all the vendors of crafts or antiques and allow online sales. If you

allow vendors to place their ads for a set amount, you can eliminate the need for collecting a percentage and just

maintain the site for them. You and they both can receive additional income from this type of endeavor.

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Saturday, February 9, 2008

Work At Home Ideas Can Confuse And Fluster

Work At Home Ideas Can Confuse And Fluster
Copyright © Jose Love


http://www.teambuildnetwork.com


If you look into all of the work at home ideas available today you could end up confused trying to figure out the

best one for you. When looking through the long line of opportunities there are some questions you can ask yourself

to help make the decision easier.

Since many of the work at home ideas involve multi-level marketing, if you are not

the type of person that wants to sell products to your family and friends, then this is not the opportunity for

you. One of the ways people make money with multi-level marketing is to sell products, but the main way to make

money is to recruit others to sell the products for you. Hence the name multi-level marketing as there are multiple

levels of distributors, each earning a percentage of the sales of everyone working under them.

The person at the top

will be making the most money. Although there are opportunities ni this type of business in which you can make

money with your own internet business without having to sell to friends and family. Some companies offer a commerce

website that for a small franchise fee, you can offer a professional looking and functioning online retail store

and make money off every sale made from your store.

Additional expense may be required for marketing to get people

into your store, but that is similar to advertising for a brick and mortar store and a part of doing business. You

may be able to increase your payout if you recruit others to also open stores, but it is not required in order to

make money.

Becoming an affiliate marketer can also provide income. You simply join with other companies and place

ads for them on your website. When your visitors click on their ad and buy something, you get a percentage of the

sale. Again, promoting your website will bring in more visitors and more potential sales through your affiliates.

Working at home ideas also include order processing, where you will receive email or snail mail orders for

products, enter the information into your home computer and transmit it to a main company, which then processes the

orders and sends out the products. These a legitimate opportunities for the right companies, but may involve a

small fee to get started.

One of the newer work at home ideas is for people to fill out forms online. A potential

customer may email information to a box you are in charge of monitoring and when information is submitted you enter

it on a company’s form and forward it to the company. It is easy enough work but it will take a lot of forms to

make any money doing this.



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Wednesday, February 6, 2008

Devising Business Plans: Staying on Track

Devising Business Plans: Staying on Track
Copyright © Jose Love


http://www.teambuildnetwork.com


Every business must have its own business plan if it is to succeed. If it doesn’t, the business in question will become convoluted and run aimlessly to a point where profit is undetermined because business owners won’t know where they should be. This is why a specific business plan is so important to devise at the onset of starting a

business: What do entrepreneurs plan on doing with their business? In which direction is the business intended to go, how and why? What kind of timetable is necessary to meet these and other objectives? All these questions and more should be answerable and answered before anyone plans on starting a business. The more specific the plan, the better.

The business plan is synonymous with a road map. This map illustrates points along a given route to a set of desired or necessary destinations over a particular period of time.
Timeline of the map can ensure that business owners have direction along each step of the way, through each point, until goals and objectives are met.

Sometimes, however, unforeseen circumstances set in and adjustments have to be made to that business plan to prevent the business from crashing. This consideration is is more common to occur than not. In this case, establishing a set of possibly variable points and/or destinations is preferable to having only one to allow for

flexibility. When one or more paths become obstructed, the business has another pre-established path to follow to get to other desired or alternate map points and/or destinations. The more flexible the map is, the easier it is to navigate and maneuver. Many business plans are sketched out from six months to over ten years, sometimes twenty or fifty.

Many hazards, such as the tragedy of 9/11, require changing business plans drastically to accommodate loss incurred by the said tragedy. This will likely include the economic aspects of the business as well, not just human

resources or physical means. A new starting point and possible path lines must be established, along with viable destinations.

It goes without saying that business plans are likely to be altered during the process. This is because, as businesses grow, perspectives change, as do values and direction. Such a circumstance isn’t only expected, it’s encouraged, because expansion is an important part of company growth necessary to accommodate the inclusion of other things as time goes on. Flexible business plans make this all possible and easy to achieve.

Anyone who is serious about starting a business should have a clear and specific object in mind and a stage-by-stage process regarding how to get there. Further, knowing how to effectively sketch this process out on paper will ensure that the company stays on track from beginning to end.

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Tuesday, February 5, 2008

Disadvantages that Online Businesses Have Compared to On-Site Businesses

Disadvantages that Online Businesses Have Compared to On-Site Businesses
Copyright © Jose Love


http://www.teambuildnetwork.com


Despite their conveniences, online businesses have disadvantages compared to on-site (“real world”) businesses.

Ironically, although the cyber Internet is accessible to everyone in the world and consists of vast space and capabilities, these disadvantages are all due to the limitations of the cyber highway in which online businesses are situated.

One of the main disadvantages of online businesses would be the inability for shoppers to inspect merchandise upclose, one benefit that regular on-site stores allow. Because of this, customers are not 100% sure of exactly what they are getting until they actually get it, and that requires mailing time, whereas one can pick up, buy, and take home any product in an on-site store right on-the-spot. Return policies are quite often offered through online stores, but they are more difficult than simply returning an item to a physical location. For one thing, packing and resending an unsatisfactory product takes time and even costs money. Whether or not damages incurred before the product’s arrival at the customer’s home are hard to prove as well. This whole process can be risky, all because the said customer is not able to look over the merchandise before purchasing.

Then there is the ease of online businesses to “stiff” unsuspecting customers who innocently buy into what looks like a good deal. Deception occurs all over the place, true, but such scrupulous and underhanded practices are so much easier through the Internet because one can only see and read what is posted, not what really exists “behind-the-scenes.” Because the Internet is not governed by the laws of any particular region or country, so prosecuting the offending party is so very difficult, if not impossible. Only offenders such as hackers or international online
criminals like pornographers, who are being hunted by the collaborative efforts of several nations, can be tracked and eventually apprehended. The headache cause by being taken online is more trouble than its worth.

This, of course, is aside from the more common server glitch, such as those that occur when orders are entered but are not received. Constant interaction with technical support eventually clears up the problem, but when money is still withdrawn from the bank account (not necessarily absconded by the businesses in question, just simply lost), aggravation levels can soar through the roof. Technical problems happen all the time and are, more often than not, very unpredictable and uncontrollable.

No doubt that online interaction, especially where financing is involved, can be indeterminate and even hair-raising for anyone. This is why such transactions should be handled carefully at all times. Dangers cannot be completely eliminated, but they can be significantly minimized when initiating and utilizing and and every security
precaution possible. Such precursive preparations will definitely make a difference.

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Monday, February 4, 2008

Work At Home Moms Work Through Distractions

Work At Home Moms Work Through Distractions
Copyright © Jose Love


http://www.teambuildnetwork.com


Other than any children that may be present, work at home moms are more susceptible to distractions than anyone

else in the work force is. Family and friends will stop in just to see the kids, or to say hello and that day’s

work is going to get further behind. That does not count the natural distractions of the children you are probably

staying home to care for.

Fortunately, there are many opportunities for work at home moms so that they can remain at

home and care for their family while still being a productive member of the work force. Most work at home

opportunities allow for liberal working hours, providing deadlines are met, as well as have a relaxed dress code.

Most work at home moms believe that if it was not for the lack of dress code, they would have trouble getting their

work done.

The pre-internet envelope stuffing scam still proliferates through cyberspace, with the difference being

how fast the scammer can get your money. Probably the hardest thing for a work at home mom will be deciding which

opportunity is worth of their time and effort. Home assembly of products, which if connected to a legitimate

company, can offer lucrative earnings, but unless you can zip through product assembly like a hot knife through

butter, is probably not the right at home job for you.

Typically, work at home moms have a large network of other

work at home moms where they discuss ideas of keeping busy and making money while staying home and taking care of

the kids. This type of brainstorming can create numerous new businesses based on the needs of this group. For

example, a few stay at home moms started a website designed to help moms work at home. They have researched many

different work at home opportunities and only talk about the ones they determined were not scams.

Additionally, with

moms in constant communication, if one is getting behind on a deadline another may be able to jump in and help them

catch up. The favor will be repaid later, but all jobs can get done by deadline when they help each other. They can

also help in trading babysitting services if one is really behind in their work. Watching a neighbor’s child today

can help you out tomorrow if you get really busy.

Another advantage of networking with other work at home moms is

they can share information about which opportunities offer the best income potential and which ones a fraudulent.

They can protect everyone in their circle from making the transition from work at home mom to victim. You can also

share success stories with others to help them achieve the same income level you may be enjoying.

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Sunday, February 3, 2008

Work From Home Business Requires Serious Effort

Work From Home Business Requires Serious Effort
Copyright © Jose Love


http://www.teambuildnetwork.com


There are various circumstances that cause people to consider starting a work from
home business and there are just as many of those businesses available. What you
need to ask yourself is whether you want a work from home business or a work at
home business. The difference is the type of work you will be doing, but either way
it should be something you are good at doing as well as something you enjoy doing.

Typically, most work from home business operations involves service-related jobs such
as plumbing, electrical or some other form of home improvement. Consultants often develop a work from home business and this type of work can be done through telecommuting while working for someone else. While salaried work from home positions are few and far between, they are available on a very limited basis.

There are many advantages to a work from home business, beginning with a low overhead and being able to use a portion of your home’s operating expenses as a tax deduction. There are specific rules governing business use of your home so be sure to check with a tax advisor before claiming it on your income taxes. If you end up being ineligible for this deduction it could cost you dearly in the form of penalties and interest.

By working from home you can usually establish your own hours and your own dress code, however a professional appearance will be mandated during the times you meet with customers or prospective clients. You will also have to have the motivation to get up and work from home even on those days you really do not feel like it, just as though you were working for someone else in their office.
You have to show up in order to get your work done.

If you are thinking of working from home, and you still have a full-time job, before walking away from it you may want to work from home on a part-time schedule to learn what it is going to take to solicit work and get it done on time once you get the contract. Depending on the type of work you do, if it involves having clients visit your home office, you will also have to consider the cost of liability insurance to protect you in the event of injury on your property.

You will also have to remember that when you work from home you are generally treated as a contract employee and all matters pertaining to taxes will be your responsibility. Money paid to your self will require certain tax forms and your income taxes will have to be paid on a regular basis, just like any other business does for their employees.

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