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Wednesday, October 24, 2007
Article Writing for the Good of Your Business Breaking into a newspaper can be a difficult prospect. Every day, reporters and editors are pitched from a broad range of sources for ideas that range widely from the extremely newsworthy to the ridiculous. With all of this competition for what it a very limited amount of space, the chances of getting your story before the subscriber’s eyes can be slim. To circumvent this problem, you can concentrate on a certain type of story. A story that speaks to a certain audience but isn’t necessarily timely. This type of story is called a feature and it can be the greatest thing that ever happened to your business. A feature is designed to be a fully developed, in depth look at a certain topic that doesn’t need to correspond to the big news of the day. Under ideal circumstances, the story could be published today, tomorrow, or a year from now with the same effect. Unlike a press release, which gives the outlines of a happening that invites a reporter to dig under the surface to find the story, a feature is to be used just as it was sent in. Of course, after acceptance a newspaper has the right to edit it to fit the space available or leave out the content seen as superfluous. The topics for a feature range as broadly as those for any other type of story. Health and home improvement are particularly good topics for a feature because they are subjects people are interested in on an ongoing basis. If your business lends itself to one of these topics, or to the topics of travel or technology, it would lend itself just as well to a feature story. These stories also have the advantage of being used in supplementary portions of a newspaper, such as the lifestyle section or one of the special Sunday sections. If you can get your feature in to one of these, it would be twice the bargain, as it has been shown that people have more time to pursue the paper on a leisurely Sunday than any other day of the week, meaning more eyes on your story and more time to digest the content. In order to make your feature something a newspaper will want to publish, here are a few secrets of the trade to help you better sell your content. For one, you’ll want to have an attention grabbing headline. Lacking this, the editor will create one of their own design, but will they have as much personal interest in getting people to read the story as you have? Likely not. The headline may in fact be the most important aspect of your story. Ask yourself some questions about the article, and find a headline that answers these questions in a way that summarizes the meat of the article. If you can make it clever and witty, so much the better. But don’t try to get too cute. No one likes that. Finally, the content itself should be written in a style similar to the other articles in the paper. Review an issue or two and create your article with those templates in mind. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety of topics. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 work at home business online opportunity
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Tuesday, October 23, 2007
All Season Home BusinessesCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comAll Season Home Businesses When you are first starting out you may have an idea or two of what you want to sell, but you might not have thought of the changes in the seasons and other important factors that can affect your sales, and ultimately the success of your business. Hence, it is important to consider whether or not you can really consider your business an all-season business or not. One good example of a business that may struggle throughout the year except for one month is a costume store. During October and around Halloween, these businesses can make huge profits, but during the other eleven months, they may struggle just to keep the doors open. On the other hand, an example of a year-round business is an interior design business. People are always looking for new ways to decorate their homes, especially as the season’s change, so if you have the skills needed, this could really be the best decision you've ever made. To decide whether or not your business can be considered year-round, think about the different activities, services, and products you partake of throughout the year. If your business idea falls into only one or two seasons or months, it is time to expand your plan, or modify it. For instance, if you wanted to open a business selling skateboarding gear, you should know that it is useless to try to sell skateboards while there is snow covering the ground. However, you could always expand your business plan to include both skateboarding and snowboarding gear so you are covering the entire year. Once you have an idea of what it will take to market your business throughout the year, you can start to create a better plan for operating your business. Having all of your ideas set out from the beginning, it is a lot easier to plan ahead for possible downfalls and scenarios, and adjust for them accordingly. This will save you a ton of trouble when you otherwise might have realized at the last minute. It is much better to be prepared than to be caught blind and grasping for strategies to keep you above water. In the end, knowing what it will take to keep your business productive through all twelve months is one major key to starting a successful business. If you have a plan ahead of time, and you budget for the costs of integrating all of your business plans into one, you will be much more successful during the months that your primary product may not be bringing in the dough. Make sure you think about all of the factors that can affect your sales throughout the year, not just the change in seasons, and make sure you have a plan to counteract their harmful effects on the productivity and growth of your new business. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: Work at Home Business Online Online Opportunity----------------------------------------------------------------
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Monday, October 22, 2007
All Businesses Require Some Type of ServiceCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comAll Businesses Require Some Type of Service Remember on your last job there were times when things had to be done and you wished you had someone who could do some of the little things. Someone to change all the light bulbs or pressure wash the sidewalk and get all of that chewing gum removed? Someone you could call that worked when the store was less busy and didn’t take employees away from their regular duties? Check with the manager at local stores to offer your services in many different areas. While most companies have their own folks take care of a lot of small jobs, there are still opportunities to begin a business offering your services to other business. Established businesses likely already have contracts with companies to perform a variety of work, but if you find a new business getting ready to open, there is no harm in finding out who is handling their minor outdoor clean-up projects. With a leaf blower, you can visit the business early in the morning and clean their parking lot of last night’s debris. You can even keep their landscaped areas free of debris and if they sell live flowers, they may be interested in having someone come in before the sun comes up and water the plants for them. A good pressure washer, with the right detergents and a scraper can be used to keep their sidewalks clean of mud, muck and discarded chewing gum. While you can perform a variety of maintenance duties at the customer’s location, you will still be working at home. The owner of the business may also need similar work done at their home or, in the case of regional chains, at all of their stores, which can provide a steady work schedule and a steady income. Previous management experience can also open the possibility to work as a trainer for several different companies. Businesses are constantly offering their employees additional training that may not directly relate to their business and hire outside training consultants to lead the sessions. They may have their own training methods and materials, but many smaller companies do not. If you have the background necessary, you may work with several small companies to train their management and supervisors on personnel issues, sexual harassment and other management issues. Sharing your knowledge and experience could lead to a lucrative side job, in addition to retirement. Secret shopper jobs do exist, but usually not from the ads you find on the internet. Many companies do subversive snooping on their outlets to make sure they are following company guidelines. You can check with a local or state retailing association to learn how they hire people to check up on their outlets. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 work at home business online opportunity
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Saturday, October 20, 2007
A New Business Taking Care of BusinessCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comA New Business Taking Care of Business Every business needs business cards, whether they want them or not, they are almost a necessity for everyone hoping to attract new business. While there are many online companies that offer business cards cheap, or free, they may not provide the message the customer hopes to convey. Additionally, many of the free cards include your information on one side and a pitch for the company that provided the free cards on the other side. With inexpensive software available, in a few hours time, you can be adept at creating quality looking business cards for any type of business. Working with a local printer, you can offer to create business cards for business owners and even arrange to have them printed for them. This reduces the amount of down time they would have to spend in going to the printer, designing the cards and then picking them up when they are done. Saving them time is the same as saving them money and they are usually willing to share that savings. Here’s thought to seriously consider. The last time you replaced your old cell phone, how long did it take to transfer all the contact phone numbers? As a business owner do you have the time to sort through all the numbers in your phone and enter them into the new one? Probably not. Even if you get started, there will come a time when you just quit and leave out many numbers that you really should have entered. Offering your services to do this mundane task may be welcome business opportunity not specific to businesses. Individuals may also be more willing to pay to have their phone numbers transferred than take the time to do it themselves. This type of service may also be used for transferring information for personal data systems or even teaching people how to use their new unit. While transferring pictures to videotape businesses have been around for years, new business also offer taking all those old videotapes and putting them digital video disks to play back through your DVD player. Some even offer to add music to back them up and some editing may also be offered. With the proliferation of digital media, very few people listen to cassette tapes anymore and many new cars lack cassette players. There is need for businesses that can transfer music from cassettes or even the old eight-track players onto CDs. This gives the music lover their old music without having to buy all new CDs. For the really old music, with the right equipment you can transfer music from the old vinyl records onto compact disks, which can be played the car. It is tough enough to find a record player anymore, but CD players are everywhere. American families borrow more money to keep pace with the rising cost of living. The problem is compounded by the weakening of the labor market, flat wages and falling incomes while prices for critical ticket items such as health care, housing, college education have increased substantially. The problem of growing debt presents many opportunities for small businesses. One such business that thrives in this situation is a home-based collection agency. There is also a growing need for credit counseling businesses as well as debt consolidation companies. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: Work at Home Business Online Online Opportunity----------------------------------------------------------------
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Thursday, October 18, 2007
Advertising Your Home Based BusinessCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comAdvertising Your Home Based Business Having a home based business has many ups and downs to it. The last thing you want to worry about while trying to figure everything else out is whether or not your home based business is getting enough advertising to make a profit. When it comes to advertising there are several different ways you can do this and some may even work better than others but you want to be sure to reach as many audiences as you can in order to provide yourself the best outcome. In this article I will provide a few different ways you can advertise your business and hopefully one, if not more, will work for you. Newspaper Advertisement We all have seen how powerful the newspapers are. They cover all the news, good and bad, show job listings, and even advertise businesses. Though this can be quite costly, depending on how big you want the ad to be and how long you want it to run, it is still one of today’s best methods in getting the word out there about you, your business and what you can do for the public. Television Advertisement This is yet another expensive, yet effective, way to get the word out. Most people in America own a television, or at the very least can find a way to view one. You know as well as I do that when you are right in the middle of the best part of your favorite show, there comes a commercial break. Commercials are where people who run businesses or offer some sort of service tell about their product(s) and try to get you to buy from them or use their services instead of someone else’s. Why not put your service out there for the public to see and decide if it is something they want or need. You might be surprised how many actually watch the commercials. Internet Advertisement This seems to be one of the best and most inexpensive ways to get the word out about your business and the product or service you offer. The best part about it is that you can set up your company’s own website and put whatever it is that you think will help your company. Be sure when doing this though that you keep the information on your company’s website up to date with current information. Example: If you are having a sale but it ends in a week, put the information on there about the sale, but go back in a week and take the info off. You don’t want to advertise something that is not happening as you would have to honor that and may end up losing money in the end. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: Work at Home Business Online Online Opportunity----------------------------------------------------------------
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Tuesday, October 16, 2007
Selection of an Online Home BusinessCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comSelection of an Online Home Business When selecting an online home biz you have to use common sense, research, and your conscience. The Internet is lambasted with so many under the table schemes, at times, it seems impossible to find the correct Home Based Biz for you. How long has the search gone on to find that money maker home biz that will help realize your life-long dreams? Or are you in the same boat I was in and have tried a few and found out that they, well... (Fill in the blank). It is like any investment of your time, energy, and money. Do you buy a car and have no idea who owns the car lot or the type of reputation they have? Online Home Biz should be treated the exact same way. Some may have a test drive which is good and some may offer money back if you are not satisfied. You see my point here? Do not let people wheel you in with fancy banners and the hype of making 85 trillion dollars in 2 weeks. It does not happen in the home biz Internet market. When you find one that intrigues you, read everything you can about it. Some people like to sell physical products. I prefer not to handle products, so my home biz is totally online. When you do finally come across a home business online that knocks your socks off, read the fine print first. By that I mean, look under the hood, kick the tires, and take that ONLINE HOME BIZ FOR A TEST DRIVE! Why start something and then 3-6 months later find out it was a lemon? Be selective and careful! This is your home biz that you want, not working it for someone else. You already do that at your job. Seek it, be stubborn if needed, but find the right home biz opportunity that fits you. This home biz is for you and this race will be won by you and no one else. Remember that! Success thrives upon failure's demise. Get more Information On How To Build Your Own Home Biz: The Home Biz of Home Business Find Faith in Home Biz Article Source: http://EzineArticles.com/?expert=Doug_Gorman ----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Friday, October 12, 2007
Your eBay BusinessCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comYour eBay Business One of the easiest and profitable ways to get off the ground with your own home based business is to start with an eBay account and a plan to start making money. An eBay business takes little to no startup capital and can wind up being as profitable and successful as the most prominent independent companies. It takes research, determination, and skill, but if you have these tools and a desire to learn, than you can make a success out of your eBay business. Many businesses on eBay started off as little more than people seeing others around them selling off their unwanted merchandise, often times for better prices than they would get in the classified section of their local paper. This is the way many eBay fortunes have begun. Simply look around your apartment or house and wonder at all the junk you have accumulated over the years. What is collecting dust today could be making you money tomorrow. Research a bit (which is as easy as browsing eBay for sold items) and see what you might be likely to get for your old, unwanted stuff. If the prices seem worth it to you, go ahead and start selling. At the very least, you’ll get your feet wet and see if eBay selling is something you might be interested in pursuing on a grander scale. The next thing you’ll want to do is some broader research into the eBay world. First, make a list of about ten items you might want to sell on the auction giant. Then research these items and see how the competition is. It is possible to compete with established eBay companies, but this can be difficult for the fledgling startup. It would be far better to find a niche that seems to be mostly ignored, and target that base. It can even be a subset of a more popular and competitive market. Just by more specifically targeting the base, you can have a successful business on eBay. Another way to make money on eBay, with almost no need for up front capital, is by selling informational e-Books. There is an entire section on eBay dedicated to these books. Surely you know how to do something better than anyone else you know. If not, research is your friend. If you can write, then you have all the tools necessary to create one of these powerful money making informational e-Books. It costs nothing, and you can sell it for any price you wish. The result, minus insertion fees, is pure profit. Regardless of what you finally decide to sell, you will have to provide a decent product for a competitive price. Just like in the rest of the world (perhaps even more so), eBay is strictly run by the law of supply and demand. There is too much competition online to think you will make a success of your eBay business with anything less than full dedication and the perseverance needed to make any small company work in the long run. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Thursday, October 11, 2007
Work At Home Assembly Can Be A Money DrainCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comWork At Home Assembly Can Be A Money Drain Before you send for information on an opportunity to build things at home that come with a guaranteed customer base, ask yourself why this offer is being made online and not given to people in the same neighborhood as the business. Understand there are a charge to send the pieces and parts to you as well as a charge to send the finished products back to the company hiring you to assemble the products. Why they don’t simply hire people in the neighborhood is because that is not where the money is. The pitch is usually about assembling products at home, that anyone can do. They will promise to send all the parts along with a list of companies that will be willing to buy the products you build. If you pay for the parts, assemble the products and sell directly to the buyer, you can keep the profits. Sounds too good to be true, because it is. Once you pay for the parts and they arrive at your house, you will likely find that one or more specialty tools may be needed to put the items together. Tools that aren’t usually found in everyone’s toolbox. However, you’re in luck because this same company also sells the tools, typically at a ridiculous price, along with shipping but it just seems like a minor inconvenience and a cost of doing business to get into the assembly business. After all, you’ve told that if companies like your work, there will be plenty more business just waiting for you. You build the first few items, to the exact specifications in the plans and start to send letters to these waiting buyers who may request a sample of the product you put together. After you send it in, postage at your expense of course, you will probably receive a letter with one of two usual rejections. Either it does not meet their specifications for one reason or another, or they have seen a huge increase in supply or a sudden downturn in demand. Remember, you probably were only one of several thousand who answered the ad. There is a good chance that most of the companies on the list will have the same answer to your inquiries or maybe one or two will offer to take the inventory off your hands for a fraction of the cost that you have in them. Your choices seem limited by selling them at a loss and consider it a valuable lesson, or you try to sell them on your own. You can congratulate yourself for paying top dollar for low-quality materials and tools so you can build something no one wants. There are companies offering legitimate assembly work and before you buy any parts and new tools, verify the potential buyers are legitimate and talk with them directly concerning their specifications. If the company will not give you names and numbers of these resellers, don’t give them any money. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Wednesday, October 10, 2007
Viral Marketing May Boost Business ExposureCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comViral Marketing May Boost Business Exposure Advertising is the key to success for any business, as people can’t turn into customers if they don’t know you exist and don’t know how you can meet their needs. Traditional advertising, such as print and broadcast media has been around since a day or two after the invention of the printing press and following the birth of radio. Direct marketing could have been born with the Pony Express but despite all the years of using these types of advertising, the internet has cast a new light on marketing a business. While the cost of internet advertising may seem cheap considering the number of potential customers it can reach, for companies with a brick and mortar presence, advertising globally just may not make sense. If your business is located in Iowa and your advertising appears in England or in Africa, chances are the return on your advertising investment will not be what you expected. While internet businesses can gain tremendously from internet marketing, it can get expensive over time and many people do not open emails that appear to be advertising in nature and pop-up advertising windows usually just irritate people to the point that they won’t buy from you even if it is something they need in an emergency. The best advertising you can hope for is to have others send your advertising message to their friends, free, without being asked and without complaining. The use of viral marketing has been growing and simply involves having internet users distributing your advertising message of their own free will. One of first and most successful uses of viral marketing was when companies began offering free email accounts. A brief advertising message appears at the bottom of every email sent, usually including a link for the advertiser and whenever people signed up for the free email service, every email they sent out contained the message. This resulted in advertising being sent out by the user of the free email, every time they sent correspondence. Viral marketing of this type is typically either extremely cheap or free, with the email company receiving a percentage of any sales made as a result of the message included in emails. While the sales were based on the recipients’ clicking on the link in the email, the number of click was relatively small, but by percentage based on the number of emails sent improved as more people took advantage of the free email offers, the commission from the sales more than paid for hosting the email service. Finding a product on which to place your advertising that be given out free, and which in turn will be handed to others by the original recipient can be an easy means of reaching more people with a smaller investment. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Tuesday, October 9, 2007
Verify Homeowner Insurance Will Cover Your LossesCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comVerify Homeowner Insurance Will Cover Your Losses Most homeowner or renter insurance policies will not cover equipment or supplies used in connection with the operation of a business in the home. Your insurance company will want a separate rider on your policy to cover loss or damage to your business-related equipment. Additionally, if you invite customers or clients into your home for business, if they get hurt while on your property there’s a good chance your liability policy isn’t going to pay the bills. Protecting yourself against potential liability should be a consideration for people operating a home business. Persons who perform work for others in their home or place of business find that insurance is a necessary part of doing business and unless you can show proof of insurance, most companies won’t let you in the front door. You should have the same opinion about those who do business with you. Another consideration for operating a business, in the home, out of the home or even as a free-standing business is insurance that protects you against the loss of business through no fault of your own. For example, there is a major storm and while you suffer no damage or loss at your home or place of business, you may be forced to close due to lack of electricity or gas for heat for several days. Business interruption insurance can help keep other bills paid while you sit idly by waiting for the power to come back on. Depending on the policy you choose and the insurance company is willing to write, it will usually require detailed records about your earnings history. When you make a claim for loss of the ability to conduct business, you will have to prove what your history of income has been for a certain amount of time. Many business interruption policies will want to see at least one quarters worth of records, or 13 weeks, to make a determination of what their liability may be. They also will want this broken down by day. For example, it may not be enough to show that your business has averaged $1,000 a day for the past 13 weeks. If your out of business on a Monday, Tuesday and Wednesday, they will want to see the average income for the past 12 Mondays, Tuesdays and Wednesdays. If the bulk of your income is realized on during the weekend, you may be disappointed in the insurance company’s claim pay out. Your home car insurance also may not cover you if you use your private vehicle for business purposes. If you are delivering an order to a customer, that is business-related and if you wreck your car, or worse injure someone else, your insurance company may refuse the liability unless your policy includes business use of the vehicle. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Monday, October 8, 2007
Understanding the Real Cost Of Free WebsitesCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comUnderstanding the Real Cost Of Free Websites There are numerous offers on the internet that promise to provide you with a free website from which you can make a ton of money, selling their products or services. That’s right, at no cost to you, the company will accept you as a distributor for their products and give you a website and any sales that come from your site will result in a huge commission check. On top of that, if you can recruit more people to accept their free website, then you can receive a commission on their sales as well. All of this is free and sounds good on paper, but when reality sets in you will soon learn that there is no such thing as a free lunch, or website. Yes, most of these companies will give you a free website, a replication of their own site and it will be configured with your name or company name on the landing page. It will also track the visitors that place orders through your site and yes, they will pay the promised commission. The challenge for you is getting visitors to your specific website. This is when the free website begins to cost money. For sake of argument, consider a company sells vitamins and you are now a vitamin distributor for its brand. Chances are, you have joined a group of more than 100 other websites selling vitamins for the same company and you all have the same title on your website. A person searching for the company name may end up with a choice of 50 or more sites with the same name as a result of their search, and research shows that most user only look at the first 10, and in rare cases 20, of the top search results. The odds of a search making your site one of the top searches is extremely low so you will have to become involved in network and online marketing just to make your site standout. Additionally, if you did manage to recruit others into the program, you have added to the competition. Print advertising that includes your specific website name may work, but most internet savvy users know that anything past the “/” in a site name is usually meaningless. Your site’s name for tracking purposes is for instance, www.vitasales.com/username and people only type in vitasales.com, they will end up at the company’s main website. You did the advertising and will receive none of the financial benefit because the sale did not come from your site. You can spend more money by producing articles about the benefits of vitamins, with a signature link that includes your web address, but most free distribution articles are not picked up. Paying for distribution to a few hundred potential users increases the chance of them being used, and while the cost may be small, it will need to be recurring if you hope for any type of success. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Saturday, October 6, 2007
Understanding Business Profit And Loss For most home business owners and many small business operators, their idea of a profit and loss statement, P&L in business parlance, may be oversimplified. If they had more income than expenses, they made a profit. If not, they had a loss and will usually try to find more business or increase prices to turn the trend around. By better understanding their own business’s profit and loss statement, they will be able to determine not only how much money is earned and spent, but also track their expenses to gain better control of the finances. The first thing to remember is that there is a difference between a budget and a profit and loss statement. Income is projected and expenses are budgeted, based on the income projection. If the income does not meet the forecast, certain expenses will need to reigned in to make the profit and loss statement come in on the plus side at the end of the month. The business’s P&L can be as simple or as complex as you choose to make it, but the more tracking of expenses that you do, the better handle you can have on what needs to be done to control your profit amount. For example, you can simple include a line in your expense column pertaining to utilities and lump them all together. However, to get a better picture of where your money is going, you will want to break them down into subcategories such as electric, gas, water and telephone. By keeping them separate you may see a need to bring telephone costs under control by eliminating unnecessary lines that seldom ring or find ways to save on your electric costs. If you deduct for business use of your home, you will have a pretty good idea of what your costs for utilities, rent, insurance and other expenses will be based on the percentage of your home’s cost deducted for business use of the home. One of the first things to budget, which has the greatest impact on your P&L will be income. Whether you sell a product or service, you will need to track all forms of income, as well as allow for deductions due to refunds and rebates and any discounts offered as customer incentives. Tracking this on the P&L is fairly easy, as if the money comes into the business it is considered income. The source can be itemized as well to help indicate how you may go about increasing income. Expenses in the budget can be calculated as a fixed dollar amount or a percentage of income, which usually provides greater control over spending. Itemized expenses on the P&L: can also make filing income taxes easier as you will have a monthly record of how much money came into the business as well as where every dollar went that left the building.
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Friday, October 5, 2007
Top Work at Home Business OpportunitiesCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comTop Work at Home Business Opportunities Depending on you experience and education there are many opportunities to begin your own home based business that can put your previous job responsibilities to work for you. Many times people find themselves suddenly out of a job due to downsizing or the closing of a business and even retirees occasionally want the get out of the house, but are reluctant to seek a job with another employer. Some of the hottest markets today are in fitness and exercise programs and people who have spent years in training may qualify as a personal trainer. You may also look at becoming a yoga instructor if you have that type of experience as many schools are always on the lookout for qualified teachers. If dancing is your forte, consider offering weekly dance lessons at a local community center to put your experience to good use. Former managers and executives are finding having their own management consulting business can offer a good part-time income while sharing the experience gained through their years of experience. Finance, marketing and labor negotiating are a few of the fields that offer great opportunities. Management training on specialized aspects of management can also be used to form classes for businesses just getting started. The medical field is wide open for many non-patient procedures, such as accounting, billing and transcription services. With those backgrounds it should be easy to have your own business offering them on a contract basis to doctors, hospitals and health clinics. If you are really experienced in transcription services many law offices use these services frequently and can’t afford a full-time person to perform this part-time job function. One job possibility that requires no special education is one as a personal shopper. Many busy executives are too busy to run to the store for basic supplies and are willing to pay someone else to shop for them. The challenge with this type of service is being on call as well as remaining non-judgmental about their product choices. You may end up buying everything from food to clothing as well as personal items and possibly birthday cards for each spouse, but since they are paying for your service as well as the merchandise, it shouldn’t be your place to criticize. If all of your friends and family count on you to help them with their computer issues, you might consider a home business as a computer consultant. Not the 24/7 computer help hotline, but if someone wants to add memory to their system or upgrade their software you can become the expert they call to get it done. If you have a creative flair, you might think about designing gift baskets for all occasions. Advertising your line of work can be bringing a surprise number of clients who want someone special in the way of a gift basket and if you can offer them total freedom as to the contents, you will become the person they call for their next idea. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Thursday, October 4, 2007
Tips to Make Home Based Business A SuccessCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comTips to Make Home Based Business A Success What type of business you operate from the home is totally up to you, but there are certain things that you will need to do to help insure its success. While visions of living large comes immediately to mind for many who choose to run their own home-based business, they often forget that it is a business. Running a home business often gives people the misunderstanding that they can dictate every part of their operation and while there are many aspects of a home business in which they are completely in charge, customers and clients will also have input on many functions. The first thing needed to run a successful home business is a set schedule. It may be easy to stay up late to watch a movie and repeatedly hit the snooze button on your alarm clock, but when dealing with clients over the phone you really do not want them to think their early morning phone call rousted you from a sound sleep. While having a lot of free time may be appealing and taking naps in the middle of the day may be attractive, keeping regular hours is important to any business. Make sure your office is only used as an office. In addition to the tax benefits of carving out a space used strictly for work, you will also have the feeling when you walk into the room in the morning that it is time to go to work. Similarly, when the day is over and you leave the office you need to feel as though you have gone home for the day. Just as you want to keep family distractions out of the office, you need to keep work distractions out of the rest of the house. Being professional in all business dealings when in your home office will help preserve your image as a business owner. If you cannot afford a separate telephone line for the business, during your normal business hours answer the phone in a professional manner. Unless your business is the field of dreams, simply building it will not guarantee customers will show up. Advertising ad marketing is essential to any business, even those run exclusively online. Chances are there is no sign in front of your home that indicates you are open for business, inviting passers-by to stop in and see what you have to offer. The only way anyone knows you are there is through advertising. Build a website, even if you will not be conducting any business online. It can serve as your web-based sales pamphlet and include information about you, your experience and your business. Including prominent contact information on the first page of your website is a key to obtaining more business, but you should also have a contact form available for people to simply send in a request for information or for answering questions. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Wednesday, October 3, 2007
Tips for Internet MarketingCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comTips for Internet Marketing Internet marketing is a fairly new area in the marketing field. Marketing websites is close to marketing for other products and services. If you are new in the Internet marketing field there are some tips to assist you. We are going to use this article to examine those aids. It is advisable not to use additional products and services to increase your sales. Instead of increasing the quantity of products or services, you would do better to increase the variety of different marketing methods. By doing this, only a small part of the total business is affected if one product declines or a marketing response drops. Be sure to remember that customers are also prospects. You need to stay in contact with them. Try to find or develop other products or services that they can use. Return customers are easier to make a sale to than new customers. Avoid making exaggerated claims, even if they are true. Bold claims create doubt in potential customer’s minds and jeopardize sales. It is better to bring those bold claims down to believable levels. Numerical claims should be expressed as odd numbers with decimals or factions. When developing offers for your business, create them in sets of four or five at a time. They should also have expiration dates. With expiration dates you can replace the expired one with a new offer and deadline. With a series of offers you can constantly recycle through them. It is also possible to create an irresistible offer by combining a discount price and a set of valuable bonuses in the same offer. You may need to change your market if you are attracting prospects that don’t have or can’t get the money to buy your product or service. You should target prospects that have an intense desire for the benefits of your products or services. You also need to target those that can afford your products or services. By offering an exclusive benefit to your customers, this benefit will help sales. The benefit should be something that your competitors can’t or won’t offer. A good example of this would be your personal cell phone or home phone numbers. A lot of business owner’s don’t want to be that accessible. Advertising copy should be written like the message was written specifically for each reader. This type of copy seems to produce great responses. This can be accomplished by making the copy be written to just one person instead of a group of people. You also might want to write in a less formal, more personal style. The majority of sales are not made on the first contact. You need to develop a method to capture and save names and contact information of prospects. By doing this you can follow up with them periodically. Sometimes a gentle coaching is all that is needed to make a sale. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Tuesday, October 2, 2007
Throwing in the Towel - When Is Enough Enough?Copyright © Dock J. Murphy http://www.GlobalWealthDJM.comThrowing in the Towel - When Is Enough Enough? There is always a lot of talk about home businesses, and how to do them well. You want to remember this and that and several other things to keep in mind and don’t forget to do them all - and you will succeed. However, how do you take stock of your business and know when enough is enough - meaning - when do you stop trying to make it work, and realize that you should spend your time somewhere else, doing something else? This is often one of the hardest business-related decisions that anyone has to make. There are going to be many times when a person fails to recognize that their business has failed. This is all too easy to do - you might spend years and years building up your business and doing things to make sure that your business is going to work out. Often the ones that are closest to something have it the hardest when it comes to seeing that the thing they love so much has failed. How do you step away and make sure that you can make good business decisions, without letting your love for the home business get in your way? The easiest way to make sure that you are always aware of your business and how it is going, and therefore that you can make a good decision about what to do next, is to be sure you are always keeping good records. You need to be able to see your business growing as you have come along. Good records are very important so that you can see if you are doing better or worse. They are also important because if your business goes through a slump you can look back and see if this is a yearly occurrence, and if it will come back in a few weeks. Good records can help you make sure that no matter what you do, you are doing for the business and for what the business needs. So, keep clear and concise records, and keep making sure that you are able to know exactly where your business is headed. Next, you also have to make sure that you have good goals towards which you can head your business. You want to set goals for growth that you can meet, and you want to be sure that you are keeping track of when you are meeting them and whether you are doing better or worse than you thought you would do. This is a very important factor in making sure that you are able to know when to keep working, and when to step away and quit. You should make sure you have enough information all of the time. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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Monday, October 1, 2007
The Secret to SuccessCopyright © Dock J. Murphy http://www.GlobalWealthDJM.comThe Secret to Success Many people have tried to succeed in the business world and indeed in terms of the successes or failures of different people, there are three general categories that can be used. Firstly, there are the people that are failures; people that really have no success and after a period of denial are eventually forced to give up on their business and go do something else. Then, there are the people that are successful; they are able to parlay their business into something that earns them a nice five figure income that they are satisfied with and can live on. And finally, there are the people that are enormously successful; these are the people you hear about all the time that become millionaires and are able to live a life that is the stuff of dreams because of the money that they have. The question that most people will ask themselves in regards to this scenario has to do with the difference. Depending on the specific case, most people can figure out the difference between the first group and the latter two groups; it usually has to do with a lack of motivation, a lack of perseverance or the inability to deal with failure and just move onto something else. However, the difference between the second and third group is harder to figure out; after all, for the most part those two people start off the same and a lot of their business development is the same getting to the point of a five figure income. What, then, becomes the difference later on? Well, in the majority of these comparisons, the difference has to do with a lack of diversification on the part of a person that has the five figure income. If a person builds a business that makes then $75,000 a year, then they might realistically have no problems whatsoever with that income. This is because the person might have all their needs met in a nice way and not really want to try and increase their income. However, the person that goes on to eventually become a millionaire is not going to be satisfied with that amount. They will take as much money as they can spare and instead of spending it on a lifestyle enjoyed by a person with a $75,000 income, they will re-invest it. Either into another business or back into expanding the one they already have. This kind of person is not interested in living the lifestyle of a $75,000 income person; they want to make more money and have no problems living in less luxury now if it means they can live in more luxury later. A person like this has an income figure in their head from the start and keeps on working at it until they are making that income figure; usually through diversification. Author Resource Box Dock J. Murphy is owner of Plug in Profit Site.com and writes on a variety on a variety of subjects. To learn more about this topic Dock J. recommends you visit: Http://www.pluginprofitsite.com/main-17106 About the Author:----------------------------------------------------------------- To find the best home based business ideas and opportunities so you can work at home visit: http://www.GlobalWealthDJM.com----------------------------------------------------------------
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