There is something that is part of a home business that you might not have thought of, and that is where you are going with your business in the future. Remember that although you are around right now to run your home business, like any business, you should be hoping that you are going to continue to be successful and that you are going to continue to move foreword in whatever you are doing. If this is the case, you should be thinking about the future of your business and what you plan on doing with it. Remember that you might want to pass it on, in the end.
Passing On A Business
When it comes to whether or not you want to pass your home business on to your children, you have to think about it in the same way that you would think about passing on a regular business to your kids. There are several things that you have to think about, and you have to make sure that your family knows what you want to do.
Interest
First of all, you want to make sure that your family is interested. You don’t want to expect your children to take over your business if they aren’t interested in it, or if they have no idea what it is all about. If your kids don’t seem like they are interested, you might be better of selling your business before your retire so that you know your business is in the right hands. Remember, when you sell your business, you want to make your children happy and you want to keep your business running. If you don’t think your kids are going to be happy running the business, it might not be the best thing to do.
Responsibility
Another thing that you should keep in mind is that you have worked hard to get your business where it is, and you are going to want to be sure that it gets passed on to someone who is going to be responsible with it. This is one of the most important things that you have to think about when you are considering whether or not to give your kids your home business. Remember that if they have shown interest, and you think that they are going to handle your home business in a responsible way, this might be something that you consider doing.
In the end you have to remember that you are the one who has built up your home business, and this means that you are the one who has a say in what happens to it when you are finished being in charge. Make sure that you have made your intentions clear, and make sure that you feel good about what is going to happen to your business later on down the road.
Learning How To Run Your Business From Expert Business People
One of the best things that you can do as you start a business, no matter what you are doing for your business, is to talk to people who are good at this, and people who already have successful businesses. This is a great way to learn about the business world, and to learn how you can fit into your own home business and be a success with the things that you have learned.
Find them
As you go to start your own business, one of the things that you should look for is people who are good at what they do. This might be an older friend or a relative, or someone who started a business a long time ago. No matter who it is, there are going to be valuable things that you can learn from them and you are going to be able to get a great idea about how your business should be run and the things that you can do to make your business even better as you go ahead and try to compete in the world today.
Ask Them
When you have found someone who you can get advice from when it comes to your own business, all that is left is for you to talk to them. Make a list of questions that you want to ask them, and then simply go to talk to them about the things that you want to talk about. This is something that you can do in one day, or even you can do over a longer time period. No matter what, you’ll find that talking to someone who already has been through the things that you are going through is a great way to get some advice and to get some idea of what you should be doing with your life and what you should be doing with your business.
You might even end up finding a mentor who can take you under their wing and who can support you through your business and through your life. This is a great way to network and a great way to build up your skills when it comes to being a networking agent and being someone who is viable and important in the community as a whole. There are many things that you can do to make sure that this happens, and the more than you can do when you are talking to people, the better off you are going to be as you start your own business.
Remember, there are always going to be people who are willing to help you. All that you have to do is to go out and find them wherever you can, and take whatever advice that they have to offer you. You will simply find that this is the best way to be, and that you are going to be able to be very successful.
Find them
As you go to start your own business, one of the things that you should look for is people who are good at what they do. This might be an older friend or a relative, or someone who started a business a long time ago. No matter who it is, there are going to be valuable things that you can learn from them and you are going to be able to get a great idea about how your business should be run and the things that you can do to make your business even better as you go ahead and try to compete in the world today.
Ask Them
When you have found someone who you can get advice from when it comes to your own business, all that is left is for you to talk to them. Make a list of questions that you want to ask them, and then simply go to talk to them about the things that you want to talk about. This is something that you can do in one day, or even you can do over a longer time period. No matter what, you’ll find that talking to someone who already has been through the things that you are going through is a great way to get some advice and to get some idea of what you should be doing with your life and what you should be doing with your business.
You might even end up finding a mentor who can take you under their wing and who can support you through your business and through your life. This is a great way to network and a great way to build up your skills when it comes to being a networking agent and being someone who is viable and important in the community as a whole. There are many things that you can do to make sure that this happens, and the more than you can do when you are talking to people, the better off you are going to be as you start your own business.
Remember, there are always going to be people who are willing to help you. All that you have to do is to go out and find them wherever you can, and take whatever advice that they have to offer you. You will simply find that this is the best way to be, and that you are going to be able to be very successful.
Keeping Up The Appearances At Your Home Business
When you work form home, it is very easy to simply get out of bed and go to your work in your pajamas and not worry about what you look like. After all , if all of your clients are in different locations, and you aren’t seeing anyone, what is the harm in being lazy and not dressing up for work?
Be Professional
There is no harm in your business, per say, if you simply go to work dressed in whatever you feel like, but the harm is going to lie in the long term affects that you are going to see on yourself if you don’t’ dress for work. Now, you don’t’ have to be wearing a fancy suit or a glamorous outfit, but even if you are working at home all day, part of what you need to be doing is getting dressed for work.
IF you are working at home in whatever you wore to bed, you are sending yourself the message that it is okay to be lazy and that it is okay to simply slack off and not do what you should be doing. You are also sending a message, if even to yourself, that you are not professional and should not be treated as such. If you do this for a long period of time, your business is going to start to feel like just something else you do at home, and you are going to lose site of the fact that you are actually running a business.
There are some things that you can do to make sure that you always stay professional and that you keep this in your head at all times, which will make your business run much more smoothly.
First of all, be sure that you dress for work each day. It doesn’t have to be as fancy as you might if you worked in an office building, but you should be able to feel like you are at work, and you should wear something other than the clothes you would wear if you were simply at home.
Also, you should set hours for yourself to be at work. Working from home is something that can be great, but it can also turn into something that means you have to be at work all of the time. If you set yourself business hours, and stick to them, you are more likely to treat your business as a business, and not as something that is taking over your life. Something else that you have to be sure to always do is to answer the phone and emails in a professional manner, so that whoever you are communicating with will know that you are taking yourself, and your home business, very seriously.
Be Professional
There is no harm in your business, per say, if you simply go to work dressed in whatever you feel like, but the harm is going to lie in the long term affects that you are going to see on yourself if you don’t’ dress for work. Now, you don’t’ have to be wearing a fancy suit or a glamorous outfit, but even if you are working at home all day, part of what you need to be doing is getting dressed for work.
IF you are working at home in whatever you wore to bed, you are sending yourself the message that it is okay to be lazy and that it is okay to simply slack off and not do what you should be doing. You are also sending a message, if even to yourself, that you are not professional and should not be treated as such. If you do this for a long period of time, your business is going to start to feel like just something else you do at home, and you are going to lose site of the fact that you are actually running a business.
There are some things that you can do to make sure that you always stay professional and that you keep this in your head at all times, which will make your business run much more smoothly.
First of all, be sure that you dress for work each day. It doesn’t have to be as fancy as you might if you worked in an office building, but you should be able to feel like you are at work, and you should wear something other than the clothes you would wear if you were simply at home.
Also, you should set hours for yourself to be at work. Working from home is something that can be great, but it can also turn into something that means you have to be at work all of the time. If you set yourself business hours, and stick to them, you are more likely to treat your business as a business, and not as something that is taking over your life. Something else that you have to be sure to always do is to answer the phone and emails in a professional manner, so that whoever you are communicating with will know that you are taking yourself, and your home business, very seriously.
Keeping Up Business Momentum This Season
I don't know about you, but once the cooler weather sets in, I have the urge to head to the Appalachians, sit around a campfire and sip cocoa with my family. It's a bit harder for me to focus on business with the Autumn leaves so lovely!
What about you?
Here are a few ideas that will help you keep the momentum going in your business even while you play a little bit. Soon enough it will be too cold to spend much time out of doors, so better go enjoy it now.
Blog When Nobody's Home
Just because you are out playing doesn't mean your blog has to shut down. If you use WordPress you can schedule blog posts in advance. Write a bunch of them and have one a day added automatically. If your blog is on Blogger, you might want to write several posts, save them as a draft, then pay a Virtual Assistant to post them for you.
Keep In Touch With Subscribers
Most newsletter management systems allow you to schedule broadcasts. If yours doesn't, get a new one! I use Aweber and WahmCart and highly recommend both.
Load up your autoresponder with informative emails to keep selling your product for you as well as prevent your customers and subscribers from forgetting you.
Invest In Strategic Advertising
My favorite form of advertising is free, but spending a few dollars towards some valuable advertising can bring you new business while you do other things. It's a smart investment.
For instance, Kelly McCausey's WC magazine offers VERY reasonable advertising costs.
Get Others to Publish You
If you're doing article marketing (and you are, aren't you?!), why not have an article distribution service like iSnare send out several of your articles to thousands of publishers?
While you're away from your computer, other people are adding your articles to their sites and getting you additional traffic, search engine rankings and expert status. It feels really nice to log into your email program and have dozens of emails saying: "We have published your article here..."
The same applies to press releases. Craft an informative release and send it out to media outlets that reach your target market.
One of the wonderful things about an Internet business is the ability to create passive income. If you set things up properly, you should be able to get away with playing a little and still earn money. Now, go jump in a pile of leaves somewhere.
What about you?
Here are a few ideas that will help you keep the momentum going in your business even while you play a little bit. Soon enough it will be too cold to spend much time out of doors, so better go enjoy it now.
Blog When Nobody's Home
Just because you are out playing doesn't mean your blog has to shut down. If you use WordPress you can schedule blog posts in advance. Write a bunch of them and have one a day added automatically. If your blog is on Blogger, you might want to write several posts, save them as a draft, then pay a Virtual Assistant to post them for you.
Keep In Touch With Subscribers
Most newsletter management systems allow you to schedule broadcasts. If yours doesn't, get a new one! I use Aweber and WahmCart and highly recommend both.
Load up your autoresponder with informative emails to keep selling your product for you as well as prevent your customers and subscribers from forgetting you.
Invest In Strategic Advertising
My favorite form of advertising is free, but spending a few dollars towards some valuable advertising can bring you new business while you do other things. It's a smart investment.
For instance, Kelly McCausey's WC magazine offers VERY reasonable advertising costs.
Get Others to Publish You
If you're doing article marketing (and you are, aren't you?!), why not have an article distribution service like iSnare send out several of your articles to thousands of publishers?
While you're away from your computer, other people are adding your articles to their sites and getting you additional traffic, search engine rankings and expert status. It feels really nice to log into your email program and have dozens of emails saying: "We have published your article here..."
The same applies to press releases. Craft an informative release and send it out to media outlets that reach your target market.
One of the wonderful things about an Internet business is the ability to create passive income. If you set things up properly, you should be able to get away with playing a little and still earn money. Now, go jump in a pile of leaves somewhere.
Is A Limited Liability Company (LLC) Right For Your Business?
Up until a few years ago there were only 3 types of formal business formations. These were the corporation, a partnership and a sole proprietorship. Each had both positives and negatives and depending on your situation, you would choose the right one for you.
The latest business type however has attempted to create like a hybrid with the benefits of sole proprietorship and protections of a corporation without the formalities.
An LLC (limited liability company) provides the benefits of liability protection, like a formal corporation but also features the tax design of a sole proprietorship or partnership. The biggest benefits of an LLC are in the taxation and liability areas, although unlike a corporation, an LLC can be set up for a limited amount of time only.
Unlike a corporation where income is taxed twice, an LLC business passes through income to the owners. That is, the income goes directly to the owners of the company who then are responsible for the taxes. Of course good business practices are a must and this doesn't mean that the company can be treated as a personal piggy bank for the owners.
As the rules that bind an LLC are more in line with a sole proprietorship, many of the corporate governance like a board of directors is not required. The LLC formation also makes it easy to dissolve without the filing and notice requirements of a formal corporation.
LLC's can usually be formed with a simple form filed with the state. Check your local authorities for more information on the type of filing, forms, and other information that may be needed. One identifying characteristic to note is that the name of any limited liability company needs to end with the letters "LLC." Here's an example: Joe's Shoe Repair,LLC.
Filing LLC business documentation though is not difficult and can be accomplished in several ways.
An attorney can generate the basic documentation and should cost a couple of hundred dollars. This is recommended if you're planning to change the business type of an ongoing business. If you already have a business in operation, it's necessary to cover all the details. Using an attorney also can give peace of mind should you be concerned.
If however, you're just starting out or have a brand new business, filing the necessary paperwork is really very easy. To set up an LLC, you file articles of formation or articles of organization with the state. This document is usually an easy to complete one-page form. It has areas where you can fill in the blanks with basic information about your new company including the name and other important information. The state agency that is usually charged with accepting LLC filings is the state department of corporations. If your state doesn't use this name, a quick call to the secretary of state office can point you in the right direction. Some state also have additional minor requirements to open an LLC company. The state department where you file the documents will let you know of any additional requirements.
After the state accepts your articles of LLC formation and you complete any other state requirements, you're done with your LLC formation.
The latest business type however has attempted to create like a hybrid with the benefits of sole proprietorship and protections of a corporation without the formalities.
An LLC (limited liability company) provides the benefits of liability protection, like a formal corporation but also features the tax design of a sole proprietorship or partnership. The biggest benefits of an LLC are in the taxation and liability areas, although unlike a corporation, an LLC can be set up for a limited amount of time only.
Unlike a corporation where income is taxed twice, an LLC business passes through income to the owners. That is, the income goes directly to the owners of the company who then are responsible for the taxes. Of course good business practices are a must and this doesn't mean that the company can be treated as a personal piggy bank for the owners.
As the rules that bind an LLC are more in line with a sole proprietorship, many of the corporate governance like a board of directors is not required. The LLC formation also makes it easy to dissolve without the filing and notice requirements of a formal corporation.
LLC's can usually be formed with a simple form filed with the state. Check your local authorities for more information on the type of filing, forms, and other information that may be needed. One identifying characteristic to note is that the name of any limited liability company needs to end with the letters "LLC." Here's an example: Joe's Shoe Repair,LLC.
Filing LLC business documentation though is not difficult and can be accomplished in several ways.
An attorney can generate the basic documentation and should cost a couple of hundred dollars. This is recommended if you're planning to change the business type of an ongoing business. If you already have a business in operation, it's necessary to cover all the details. Using an attorney also can give peace of mind should you be concerned.
If however, you're just starting out or have a brand new business, filing the necessary paperwork is really very easy. To set up an LLC, you file articles of formation or articles of organization with the state. This document is usually an easy to complete one-page form. It has areas where you can fill in the blanks with basic information about your new company including the name and other important information. The state agency that is usually charged with accepting LLC filings is the state department of corporations. If your state doesn't use this name, a quick call to the secretary of state office can point you in the right direction. Some state also have additional minor requirements to open an LLC company. The state department where you file the documents will let you know of any additional requirements.
After the state accepts your articles of LLC formation and you complete any other state requirements, you're done with your LLC formation.
Is Your Home Based Business A Professional One?
Is your home based business a real business or simply a hobby? Most people when they start their own work at home business are quite serious about what they want the business to deliver. That is a full-time income with unlimited growth potential. While a legitimate business can certainly deliver these results, too many would-be home based business owners treat their business more like a hobby and the results correspond. A professional home based business is one that provides excellent customer service, quality products and services, and is easy to find on the internet. A professional home based business has a website that is easy to navigate with plenty of information for the customer and is one that can be found on the web. Updating your website monthly is important to help make it search engine friendly. Offer new products or services or provide links that are helpful to your customer. Add interesting articles related to your business. Give your site the occasional "facelift" in order to attract more people and keep the regulars coming back.
Once you've proven yourself to those who purchase items from your website, you will begin to build a valuable reputation that will eventually bring others to try your products or service as well. Word-of-mouth advertising is still the best(and cheapest!!!)form of advertising for a successful businesses. This is why providing quality customer service is critical. A professional home based business answers email questions and complaints promptly. Daily if possible. Notify customers on your mailing list of new products & services that are coming soon. Give them a head start. Another sign of a professional home based business is the presence of a monthly or bi-monthly newsletter that features information that your customers need or want to know. Having such a newsletter is not mandatory, but it does raise the level of professionalism for any business.
Find and invest in the right software for a home office is another way to build a professional business. Depending on what you plan on selling, you need to track orders all the way through the shipping process, collect email addresses to keep contact and send your newsletter to, and of course maintain accurate financial records. Such software is readily available at your local computer store and certainly online. A good powerful computer with lots of memory is a huge asset. File maintenance should be done monthly in order to retain valuable information and maintain accurate records.
With a solid home office set up and in place, you can really focus on building or growing your business. If you are still unsure about which online business venture you wish to pursue, then do a little online research. There are many terrific opportunities out there. Some are very much “turnkey” home based businesses that are very easy to get started with a lot of help and direction for you to follow. Consider your own skills and passions too. They may lead to business ideas for you. Creating a list of possible business ideas will help you decide which ones will be the easiest to market.
Many people run successful businesses from their homes and enjoy the freedom that working from home can bring. If you are looking for a way to spend more time with your family, pursuing other goals, or you want to be your own boss, then a home based business may be for you. You should know however, from the start, if you plan on running your business as a professional business or more like a part time job or hobby. There is nothing wrong with any of those ways you choose to approach you business. But if you choose to run it professionally in order to generate a full-time income, you can take great strides in that direction by learning from what you have read here. I wish you the best of luck. Grow a large home based business and realize your dreams.
Once you've proven yourself to those who purchase items from your website, you will begin to build a valuable reputation that will eventually bring others to try your products or service as well. Word-of-mouth advertising is still the best(and cheapest!!!)form of advertising for a successful businesses. This is why providing quality customer service is critical. A professional home based business answers email questions and complaints promptly. Daily if possible. Notify customers on your mailing list of new products & services that are coming soon. Give them a head start. Another sign of a professional home based business is the presence of a monthly or bi-monthly newsletter that features information that your customers need or want to know. Having such a newsletter is not mandatory, but it does raise the level of professionalism for any business.
Find and invest in the right software for a home office is another way to build a professional business. Depending on what you plan on selling, you need to track orders all the way through the shipping process, collect email addresses to keep contact and send your newsletter to, and of course maintain accurate financial records. Such software is readily available at your local computer store and certainly online. A good powerful computer with lots of memory is a huge asset. File maintenance should be done monthly in order to retain valuable information and maintain accurate records.
With a solid home office set up and in place, you can really focus on building or growing your business. If you are still unsure about which online business venture you wish to pursue, then do a little online research. There are many terrific opportunities out there. Some are very much “turnkey” home based businesses that are very easy to get started with a lot of help and direction for you to follow. Consider your own skills and passions too. They may lead to business ideas for you. Creating a list of possible business ideas will help you decide which ones will be the easiest to market.
Many people run successful businesses from their homes and enjoy the freedom that working from home can bring. If you are looking for a way to spend more time with your family, pursuing other goals, or you want to be your own boss, then a home based business may be for you. You should know however, from the start, if you plan on running your business as a professional business or more like a part time job or hobby. There is nothing wrong with any of those ways you choose to approach you business. But if you choose to run it professionally in order to generate a full-time income, you can take great strides in that direction by learning from what you have read here. I wish you the best of luck. Grow a large home based business and realize your dreams.
Legitimate Home Based Businesses
As a Work at Home web site owners we see many searches daily for legitimate Home Based Businesses, Home Business, on line Business, Internet Business and more.
Today we find millions of people turning to the Internet for income. It is so fantastic to be able to work from home. Many people simply have an office at home, which is an extension of their JOB, while others are looking to replace there yearly income and have a piece of the pie for themselves.
Almost anyone with the right discipline, basic computer skills and work ethic can create a nice income from home. Once a person has made the decision to do so, then the big question becomes how? You can waste a lot of time and money trying to figure it out yourself or with a little research you can follow in someone else’s footsteps that has been and is successful.
I had been a business owner and Vice President of a large company for years. To be honest I simply got tired of working. Tired of the day-to-day rat race of life. I saw my Dad save every dime and finally retire only to die one month after doing so, thus never getting a chance to enjoy life. On top of that I had a lifetime of happiness with a son I lost to leukemia when he was fourteen. I just decide enough was enough. I wanted more time with my family and further more I did not want to let the same thing that happened to my father years earlier happen to me.
After finally making the decision to take control of my financial future, I started looking for an on line business that would give me the following:
· Income level that would take care of my monthly expenses and more
· Residual Income if possible
· Web based Business – It seemed as though it was the easiest way to reach the masses
· An on line business that could still generate cash, while I was traveling
· On line business that would require a minimum of effort once setup so I could have my time back
· A business which would not require anyone other than myself or perhaps my wife to operate a few hours a week
After many hours of research I found a man, his name is Erich Winnecke, who seemed to be very successful and was willing to be helpful with others. I read all of the testimonials, but I did not really expect to find any bad ones. I wanted to believe them all. If I’m honest I didn’t really know, but I had a good feeling about him. I was simply at the point where I had to give myself a shot. I knew from past experience to either use PayPal and / or my credit card to protect myself.
Well the results are in and I have to say I have gotten so much for joining his program. Here a just a few of the many areas that Erich and his team have given me support in.
· Step-by-Step guidance on how to create exactly the type of business I was looking for.
· With in minutes I had my own web page capable of generating multiple income streams.
· Step-by-Step guidance and excellent support on how to modify my own web page thereby adding new companies on a regular basis.
· Step-by-Step guidance on how, when and where to market my web site
· Special savings on getting my web site published on the Internet
· Lifetime support for my web site
· Access to a large group of successful people who are doing the same thing (It’s like having my own board of directors to help me)
· Step-by-Step guidance on how to get people like yourself to visit my website
I cannot list all of the areas I have gotten support and direct guidance from Erich and his team. I have never gotten more support from anything anywhere.
I can tell you that I am writing this article sitting in my bus overlooking the Gulf of Mexico at South Padre Island, Texas. As I sit writing this article I can look out the window and see the waves rolling in. Mexico is about a mile away. It is so beautiful and relaxing here. Wow ! My wife and I will stay here for a few months, then if we do like last year, we may go out west as far as California. We will visit my oldest son whom I'm quite proud to say is fulfilling his dreams to be in the movies. We usually end up back on the east coast visiting the rest of our family and children. It is so beautiful here and unlike my poor dad I'm getting to see how beautiful the United States of America really is. I only wish he could have done so as well.
The best part is if you want to do the same thing as I have, or if you simply want to make some extra income, then the opportunities are there for you. You don’t have to reinvent the wheel.
I knew absolutely nothing about creating and on line web business or web site for that matter. I could not believe how inexpensive Erich's program was. The roadway to success has been paved for us.
Please feel free to read more of this article by visiting my link in the resource box below. I always enjoy getting emails pertaining to my articles or my site. Your feedback is important to me.
Today we find millions of people turning to the Internet for income. It is so fantastic to be able to work from home. Many people simply have an office at home, which is an extension of their JOB, while others are looking to replace there yearly income and have a piece of the pie for themselves.
Almost anyone with the right discipline, basic computer skills and work ethic can create a nice income from home. Once a person has made the decision to do so, then the big question becomes how? You can waste a lot of time and money trying to figure it out yourself or with a little research you can follow in someone else’s footsteps that has been and is successful.
I had been a business owner and Vice President of a large company for years. To be honest I simply got tired of working. Tired of the day-to-day rat race of life. I saw my Dad save every dime and finally retire only to die one month after doing so, thus never getting a chance to enjoy life. On top of that I had a lifetime of happiness with a son I lost to leukemia when he was fourteen. I just decide enough was enough. I wanted more time with my family and further more I did not want to let the same thing that happened to my father years earlier happen to me.
After finally making the decision to take control of my financial future, I started looking for an on line business that would give me the following:
· Income level that would take care of my monthly expenses and more
· Residual Income if possible
· Web based Business – It seemed as though it was the easiest way to reach the masses
· An on line business that could still generate cash, while I was traveling
· On line business that would require a minimum of effort once setup so I could have my time back
· A business which would not require anyone other than myself or perhaps my wife to operate a few hours a week
After many hours of research I found a man, his name is Erich Winnecke, who seemed to be very successful and was willing to be helpful with others. I read all of the testimonials, but I did not really expect to find any bad ones. I wanted to believe them all. If I’m honest I didn’t really know, but I had a good feeling about him. I was simply at the point where I had to give myself a shot. I knew from past experience to either use PayPal and / or my credit card to protect myself.
Well the results are in and I have to say I have gotten so much for joining his program. Here a just a few of the many areas that Erich and his team have given me support in.
· Step-by-Step guidance on how to create exactly the type of business I was looking for.
· With in minutes I had my own web page capable of generating multiple income streams.
· Step-by-Step guidance and excellent support on how to modify my own web page thereby adding new companies on a regular basis.
· Step-by-Step guidance on how, when and where to market my web site
· Special savings on getting my web site published on the Internet
· Lifetime support for my web site
· Access to a large group of successful people who are doing the same thing (It’s like having my own board of directors to help me)
· Step-by-Step guidance on how to get people like yourself to visit my website
I cannot list all of the areas I have gotten support and direct guidance from Erich and his team. I have never gotten more support from anything anywhere.
I can tell you that I am writing this article sitting in my bus overlooking the Gulf of Mexico at South Padre Island, Texas. As I sit writing this article I can look out the window and see the waves rolling in. Mexico is about a mile away. It is so beautiful and relaxing here. Wow ! My wife and I will stay here for a few months, then if we do like last year, we may go out west as far as California. We will visit my oldest son whom I'm quite proud to say is fulfilling his dreams to be in the movies. We usually end up back on the east coast visiting the rest of our family and children. It is so beautiful here and unlike my poor dad I'm getting to see how beautiful the United States of America really is. I only wish he could have done so as well.
The best part is if you want to do the same thing as I have, or if you simply want to make some extra income, then the opportunities are there for you. You don’t have to reinvent the wheel.
I knew absolutely nothing about creating and on line web business or web site for that matter. I could not believe how inexpensive Erich's program was. The roadway to success has been paved for us.
Please feel free to read more of this article by visiting my link in the resource box below. I always enjoy getting emails pertaining to my articles or my site. Your feedback is important to me.
Merchant Account Fees To Business Owners
As a business owner, when you set up a merchant account to enable your customers the ability to pay for your products or services using credit cards (or debit cards with a Visa or Mastercard Logo), you will have some fees associated with the credit card transactions.
The specific fee amounts that you pay will depend on the merchant account provider you select to provide your credit card processing service; however, there is a list of typical fees that the majority of providers charge business owners in exchange for the ability to accept credit as payment.
Discount Rates
Visa and MasterCard have what is called “interchange” rates. They range in price- so in order to make it easier, the merchant providers created three categories.
Qualified Discount Rate – a percentage is paid from each dollar charged.
Mid-Qualified Rate – does not apply to merchants that manually enter transactions.
Non-Qualified Rate – added to the qualified rate n certain transactions. Also get billed this higher rate if you don’t use address verification service (AVS) when you manually enter transactions.
Other fees many merchant account providers charge their business customers include, but are not limited to the following:
Reward Cards- most merchant providers charge higher rates if the consumer pays using a reward card.
Transaction Fees- a specific, flat rate that is paid on every sale processed through the credit card processor. (Sometimes the transaction fee is called the interchange fee, authorization fee, or per inquiry fee).
Address Verification Service (AVS)- merchant account providers charge a small fee for the validation service to ensure that the billing address provided in the online checkout process matches the issuing bank’s records. Not using this service will result in hefty charges on the processing of the card for that sale.
Batch Fees- most merchant account providers require that customers close out their transactions a minimum of one time each day. The batch fee pays for expenses for the gateway or software that accesses the credit card processing network. If you don’t have transactions to process, there is no batch fee to pay.
Monthly Statement or Customer Service Fee – most merchant account providers charge a monthly fee in order to cover their monthly costs of operation (paying their customer service team for example).
Monthly Minimum Fee- some merchant account providers require you process a minimum amounts of sales per month, or you pay a monthly minimum. Monthly minimums tend to range between $15 and $40 per month.
Gateway Fees- for some merchant accounts, there are fees for internet and mail order merchants to use an internet gateway service such as Authorize.net, although some merchant providers will cover this fee on their customer’s behalf as part of the package deal. If you are solely an internet business, you’ll want to look for an internet merchant account that includes the gateway service as part of the package.
Annual Fees- often charged by merchant account providers- particularly the merchant account providers that offer free terminal equipment. There are numerous merchant account providers that do not charge an annual fee, so you may want to shop around if the first few you look at require an annual fee. Sometimes it would be cheaper to purchase the equipment than to pay an ongoing annual fee.
Cancellation/Termination Fees- Most merchant accounts require a contract agreement of one or two years and if you cancel early, you are likely to be charged a termination fee.
Chargeback/Retrieval Fees- When a customer requests a refund (or the customer’s credit card issuer requests a refund), merchant account providers typically charge a “chargeback” fee.
The specific fee amounts that you pay will depend on the merchant account provider you select to provide your credit card processing service; however, there is a list of typical fees that the majority of providers charge business owners in exchange for the ability to accept credit as payment.
Discount Rates
Visa and MasterCard have what is called “interchange” rates. They range in price- so in order to make it easier, the merchant providers created three categories.
Qualified Discount Rate – a percentage is paid from each dollar charged.
Mid-Qualified Rate – does not apply to merchants that manually enter transactions.
Non-Qualified Rate – added to the qualified rate n certain transactions. Also get billed this higher rate if you don’t use address verification service (AVS) when you manually enter transactions.
Other fees many merchant account providers charge their business customers include, but are not limited to the following:
Reward Cards- most merchant providers charge higher rates if the consumer pays using a reward card.
Transaction Fees- a specific, flat rate that is paid on every sale processed through the credit card processor. (Sometimes the transaction fee is called the interchange fee, authorization fee, or per inquiry fee).
Address Verification Service (AVS)- merchant account providers charge a small fee for the validation service to ensure that the billing address provided in the online checkout process matches the issuing bank’s records. Not using this service will result in hefty charges on the processing of the card for that sale.
Batch Fees- most merchant account providers require that customers close out their transactions a minimum of one time each day. The batch fee pays for expenses for the gateway or software that accesses the credit card processing network. If you don’t have transactions to process, there is no batch fee to pay.
Monthly Statement or Customer Service Fee – most merchant account providers charge a monthly fee in order to cover their monthly costs of operation (paying their customer service team for example).
Monthly Minimum Fee- some merchant account providers require you process a minimum amounts of sales per month, or you pay a monthly minimum. Monthly minimums tend to range between $15 and $40 per month.
Gateway Fees- for some merchant accounts, there are fees for internet and mail order merchants to use an internet gateway service such as Authorize.net, although some merchant providers will cover this fee on their customer’s behalf as part of the package deal. If you are solely an internet business, you’ll want to look for an internet merchant account that includes the gateway service as part of the package.
Annual Fees- often charged by merchant account providers- particularly the merchant account providers that offer free terminal equipment. There are numerous merchant account providers that do not charge an annual fee, so you may want to shop around if the first few you look at require an annual fee. Sometimes it would be cheaper to purchase the equipment than to pay an ongoing annual fee.
Cancellation/Termination Fees- Most merchant accounts require a contract agreement of one or two years and if you cancel early, you are likely to be charged a termination fee.
Chargeback/Retrieval Fees- When a customer requests a refund (or the customer’s credit card issuer requests a refund), merchant account providers typically charge a “chargeback” fee.
Leaving Your Job To Start A Home Business
Making the transition from a traditional job to working from home or starting your own business can be scary. You are giving up the known for the unknown, giving up stability and schedule for something that isn’t guaranteed. But you are also giving up limitations for unlimited possibilities, and giving up a strict schedule for complete flexibility…
I had the opportunity to share my own start-up story with a friend over coffee yesterday. I still laugh at myself when I think back on it, because the idea was completely crazy - yet I was totally confident that it would work. Chalk it up to age (23 at the time) and inexperience, but that naive confidence was probably the one factor that contributed most to my own success as an entrepreneur.
It was basically the Think and Grow Rich concept, even though I wasn’t familiar with Napoleon Hill or his work at the time. While it takes more of a deliberate thought process now ,10 years later, with plenty of experiences to contribute to decision making and goal setting… at the time I simply believed in it, and then went through the steps to make it happen.
Ten years ago I was a working wife and mother, and we were a combined family with 4 children. My husband couldn’t seem to get or keep a job, and I was making barely over $6/hour at my job in the small town where we lived. The house was rented, the car was always breaking down, and we were barely getting by from paycheck to paycheck. My one paycheck for 6 people, at that. We had no savings, no assets and no real shot of making it out of the rut anytime soon.
What I did to make the transition to a successful entrepreneur is not necessarily something I would advise to others. That said, it did work for me and I was up and running and (at least somewhat) financially stable within 3 months. To give you the short story: I quit my job cold turkey, sold everything that we owned, and started a service-based business out of our home. When I say sold everything - I mean the china, furniture, the kids’ toys, right down to my eel skin heels. It all went to auction.
I was in it to succeed, and had every intention of replacing it all. And did.
The most common advice, though, is that you save up at least 3 months worth of living expenses before you quit your job, or make the transition to working from home full-time. I think that this is great advice, and recommend it myself.
Another option is to begin working from home in your spare time, while keeping your current job. While this may mean insanely long days and unrealistic hours for you… it is only an investment you have to make for a short time. Once your business begins to earn what you are making at your job, you can comfortably leave that job and get back to normal working hours.
No matter which option you choose, you will most likely be making a sacrifice of some sort… and taking a chance. Plan smart, believe in yourself, and resolve to do whatever it takes to see your dreams come true.
Most people go into business for themselves because they want more out of life. More free time, more flexibility, more options, more financial stability. Whatever it is that you want more of… want it bad enough to throw caution to the wind and make it happen!
I am now starting my 11th year in business, and never had to even consider taking another job since I left mine in early 1997. If a struggling mother with a full house and an unemployed husband can do it - then so can you!
I had the opportunity to share my own start-up story with a friend over coffee yesterday. I still laugh at myself when I think back on it, because the idea was completely crazy - yet I was totally confident that it would work. Chalk it up to age (23 at the time) and inexperience, but that naive confidence was probably the one factor that contributed most to my own success as an entrepreneur.
It was basically the Think and Grow Rich concept, even though I wasn’t familiar with Napoleon Hill or his work at the time. While it takes more of a deliberate thought process now ,10 years later, with plenty of experiences to contribute to decision making and goal setting… at the time I simply believed in it, and then went through the steps to make it happen.
Ten years ago I was a working wife and mother, and we were a combined family with 4 children. My husband couldn’t seem to get or keep a job, and I was making barely over $6/hour at my job in the small town where we lived. The house was rented, the car was always breaking down, and we were barely getting by from paycheck to paycheck. My one paycheck for 6 people, at that. We had no savings, no assets and no real shot of making it out of the rut anytime soon.
What I did to make the transition to a successful entrepreneur is not necessarily something I would advise to others. That said, it did work for me and I was up and running and (at least somewhat) financially stable within 3 months. To give you the short story: I quit my job cold turkey, sold everything that we owned, and started a service-based business out of our home. When I say sold everything - I mean the china, furniture, the kids’ toys, right down to my eel skin heels. It all went to auction.
I was in it to succeed, and had every intention of replacing it all. And did.
The most common advice, though, is that you save up at least 3 months worth of living expenses before you quit your job, or make the transition to working from home full-time. I think that this is great advice, and recommend it myself.
Another option is to begin working from home in your spare time, while keeping your current job. While this may mean insanely long days and unrealistic hours for you… it is only an investment you have to make for a short time. Once your business begins to earn what you are making at your job, you can comfortably leave that job and get back to normal working hours.
No matter which option you choose, you will most likely be making a sacrifice of some sort… and taking a chance. Plan smart, believe in yourself, and resolve to do whatever it takes to see your dreams come true.
Most people go into business for themselves because they want more out of life. More free time, more flexibility, more options, more financial stability. Whatever it is that you want more of… want it bad enough to throw caution to the wind and make it happen!
I am now starting my 11th year in business, and never had to even consider taking another job since I left mine in early 1997. If a struggling mother with a full house and an unemployed husband can do it - then so can you!
Part Time Web Businesses...Full Time Commitment
Let us cut to the chase...
To the extent your website is an extension of or supplemental to your brick and mortar operation, it can be and probably is a part time endeavor in comparison to your main business. Note it is relative.
Treat your online presence, however, like the proverbial "red haired step child", and you might as well not waste your time, money or man power on it. After all, whether generated on the world wide web or on main street from leads generated by your website, your web's only purpose is to increase name recognition and loyalty and generate and increase revenue.
From your planning stages and business model, to the design of your virtual office, to the selection of key words and ad words, to the selection of an internet host, to your branding, to your promotion strategies, to your monitoring and tracking techniques, to follow up and deal closing - detail, brain storming, and professionalism are key. Your creation must be an entity that makes money, not cost you precious resources.
You need to stop listening to the self declared gurus, and ask yourself the same tough questions you do about your main business. And, if your primary business is going to be the internet based business this factual examination becomes even more crucial.
First, know success is never final. Without proper drive and commitment, he who is on top today will be eclipsed tomorrow. Make sure you have a dream and not a night mare. Assure you have a sufficiently tough skin to pursue your idea and have enough heart to see it through the bad times not just skim off the cream of the crop. If all you have is heart burn from the rich dinner you ate last night rather than an unquenchable fire in your gut, don't toss your cash in the furnace for it will surely be consumed.
Second, never buy into the pie in the sky schemes of the wild blue yonder hucksters who sell everything for nothing and over valued and over priced half truths and for hard earned dollars. They market visions of grandeur purportedly coming true with untold bundles of cash flowing into your bank account while you sleep through the night and golf away the days. Experience shows that virtual life does not work that way any more than real life does.
Get rich quick schemes are the same as and do not work any better than the alcoholic or addict looking for a softer easier way to recover. Lazy people will find they fail and fall faster, harder, and further playing with a new enterprise whether corporate, partnership, or sole proprietorship than punching a time clock.
In your own venture you will soon be painfully aware you cannot pass the buck. There is no lead man, no foreman, no HR department, no big bad boss to keep you honest, to keep you focused, or to keep you working. When you make bad decisions there is no one to bail you out. When you fail to pro
duce there is no payroll clerk from which to draw advance cash. There is no blame game to play because when things are not going your way there is no one else to blame. There is no one about whom to gossip except your customers and that is suicide. There is no one to gossip with except your clients, and that is even worse.
Friendships get relegated to the back burner. You are not here to make friends. A few will come with your success over time as you prove yourself to be a no nonsense professional in your field, a competent business person, and worthy of trust and friendship. But initially you will be consumed with making a living, supporting a business and maybe a staff (if you have one). Don't let it steal family time and relationships.
Don't become pompous! Think of yourself as you think of your dentist... a necessary evil with whom you are cordial and professional. You will be the dentist from this day forward. Don't let it steal your positive spiritual walk.
You will find you now have more legal and social obligations and responsibilities than ever before. People will start to demand more and more of your personal time and attention. Some are simply trying to use you for their own purposes. Don't become a recluse! Faithfully fulfill your obligations to your community and your fellow man, and good things will happen for you.
Now if you have what it takes to run your own business, if you are a self starter and driven you can make money (good money) on the internet or anywhere else. If you understand it is not about luck, not about others, not necessarily about how much money you have today and not necessarily about your education level, and if you are willing to make the commitments, invest the time and do what it takes you are probably ready to become an entrepreneur.
Little will get you more than informed persistence without spamming and without becoming obnoxious.
Part time indeed! What are you waiting for? Go make something happen!
To the extent your website is an extension of or supplemental to your brick and mortar operation, it can be and probably is a part time endeavor in comparison to your main business. Note it is relative.
Treat your online presence, however, like the proverbial "red haired step child", and you might as well not waste your time, money or man power on it. After all, whether generated on the world wide web or on main street from leads generated by your website, your web's only purpose is to increase name recognition and loyalty and generate and increase revenue.
From your planning stages and business model, to the design of your virtual office, to the selection of key words and ad words, to the selection of an internet host, to your branding, to your promotion strategies, to your monitoring and tracking techniques, to follow up and deal closing - detail, brain storming, and professionalism are key. Your creation must be an entity that makes money, not cost you precious resources.
You need to stop listening to the self declared gurus, and ask yourself the same tough questions you do about your main business. And, if your primary business is going to be the internet based business this factual examination becomes even more crucial.
First, know success is never final. Without proper drive and commitment, he who is on top today will be eclipsed tomorrow. Make sure you have a dream and not a night mare. Assure you have a sufficiently tough skin to pursue your idea and have enough heart to see it through the bad times not just skim off the cream of the crop. If all you have is heart burn from the rich dinner you ate last night rather than an unquenchable fire in your gut, don't toss your cash in the furnace for it will surely be consumed.
Second, never buy into the pie in the sky schemes of the wild blue yonder hucksters who sell everything for nothing and over valued and over priced half truths and for hard earned dollars. They market visions of grandeur purportedly coming true with untold bundles of cash flowing into your bank account while you sleep through the night and golf away the days. Experience shows that virtual life does not work that way any more than real life does.
Get rich quick schemes are the same as and do not work any better than the alcoholic or addict looking for a softer easier way to recover. Lazy people will find they fail and fall faster, harder, and further playing with a new enterprise whether corporate, partnership, or sole proprietorship than punching a time clock.
In your own venture you will soon be painfully aware you cannot pass the buck. There is no lead man, no foreman, no HR department, no big bad boss to keep you honest, to keep you focused, or to keep you working. When you make bad decisions there is no one to bail you out. When you fail to pro
duce there is no payroll clerk from which to draw advance cash. There is no blame game to play because when things are not going your way there is no one else to blame. There is no one about whom to gossip except your customers and that is suicide. There is no one to gossip with except your clients, and that is even worse.
Friendships get relegated to the back burner. You are not here to make friends. A few will come with your success over time as you prove yourself to be a no nonsense professional in your field, a competent business person, and worthy of trust and friendship. But initially you will be consumed with making a living, supporting a business and maybe a staff (if you have one). Don't let it steal family time and relationships.
Don't become pompous! Think of yourself as you think of your dentist... a necessary evil with whom you are cordial and professional. You will be the dentist from this day forward. Don't let it steal your positive spiritual walk.
You will find you now have more legal and social obligations and responsibilities than ever before. People will start to demand more and more of your personal time and attention. Some are simply trying to use you for their own purposes. Don't become a recluse! Faithfully fulfill your obligations to your community and your fellow man, and good things will happen for you.
Now if you have what it takes to run your own business, if you are a self starter and driven you can make money (good money) on the internet or anywhere else. If you understand it is not about luck, not about others, not necessarily about how much money you have today and not necessarily about your education level, and if you are willing to make the commitments, invest the time and do what it takes you are probably ready to become an entrepreneur.
Little will get you more than informed persistence without spamming and without becoming obnoxious.
Part time indeed! What are you waiting for? Go make something happen!
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