There are many home based business opportunity seekers who want extra money with fewer amounts of investments. People who want to see some extra money in their pocket take up this idea and there have been many successful people in it. Choosing a suitable business is crucial.A home based business can be done in many fields like arts, entertainment, marketing, information technology, teaching, home science etc. House wives and ladies can take up business related to home science, art, teaching etc. They can indulge in it very easily as they have lot of time to be used. Day care centers and private canteen can earn lot of money if they learn to manage them easily.The information technology field requires lot of people who can work part time. They are given work related to designing and software development. They need creativity and some software skills to survive in this business.Affiliate marketing is a very good home based business option. As many companies require affiliates or distributors to promote their product there are many opportunities in this field. It requires good marketing skills which will attract customers. If you have good literary skills along with marketing skills they can go for newsletter services. This is also a way of promoting products which is required by many organizations.There are many extracurricular skills which can be used to start a home based business. Music, dance, and photography are the fields in which home based business can be done.One can use their managing skills to become a home based event manager. Busy people may require third parties to organize an event for them. You can serve them by arranging the appropriate things required for the event.Consulting can also be done from home as many are in need of ideas from people having good expertise.
Five Steps To Successful Home Based Business
Due to the recent national economic down turn and the continued progress made on the Internet technology, the home based business is exploded globally. Now with the Internet smart technology, almost everybody can learn the various benefits of the Internet, how to work at home and make money online. What is wonderful about this opportunity for everyone is that it requires very little money to get started as opposed to traditional business requiring 100′s of thousand to get started. It is also a mobile business. You can operate your business anywhere in the world with access to the Internet. This great wonderful home based business opportunity is available to almost every one regardless of age, sex, education or physical capacity (to a degree).
Like any other business, home based your business also need your dedicated attention. You need to be willing to learn the tricks of the trade. be persistent and willing to commit. Initially you must spend lots of times researching on the Net. Fortunately the Internet now becomes a fountain of knowledge. It can deliver instantly almost any information you request. And information on the subject of home based business or making money online or even how to work at home is no exception.
Like anything else in life, there are scams. There are how to work at home scams, how to make money online scams or home based business opportunity scams. We just need to be aware of the devils. Sometimes it is hard to identify the devils and many of us will fall into their traps, losing money, times, effort and patients Most people will not make a dime online and yet there are others making more in one month than most people making in a whole year. Why is that? There are two main reasons: 1) the kind of choices they make in selecting products to promote and training program to learn 2) the degree of commitment the beginner make.
I believe that in order to make money online and build a successful home based business you must first have passion for what you do. Otherwise you will soon run out of energy and patience. I will have to say that many making money online experts are so good at what they do that they ignore passion because they can sell anything. But I’m concerned about those of you who are not so knowledgeable of how to work at home or work the Internet.
Basically there are 5 Steps every Internet marketer who do not need lots of money to operate a home based business:
1.Set up an online account with a merchant service like PayPal receive payments automatically.
2. Locate a reputable affiliate network like ClickBank and signup to be its affiliate to promote its products. (affiliate marketing).
3.Do research and pick highly marketable products to promote
4.Learn various methods of online traffic generation to bring traffic to the affiliate links.
5.Have basic understanding of SEO, Social Marketing, Community marketing, blog marketing, Cost Per Click ads( CPC) and email marketing.
There are tons of products you can promote as an affiliate and training programs to be purchased on the Net. I have tried many of them and discovered that most of the training programs will not fit those who have limited knowledge of the Internet technology.
Stocks Vs Real Estate – The 4 Ways You Can Multiply Your Money Faster & More Securely in Real Estate
Between stocks and real estate, most investors tend to stick to one type of investment or the other, depending on what they are comfortable with. But the only issues that should matter when considering an investment is what kind of “true” return on investment can I get verses what is my risk to earn that return. Hands down, real estate is far superior to stocks in terms of both high ROI and security.
Before we begin this discussion, it is important that I point out the major mistake made by just about every other writer who has ever written on this subject; in every comparison of stocks to real estate, either the Dow or S&P values are used as the basis of measuring stocks’ performance, however it is rarely mentioned that the Dow is a select sample group of only 30 stocks and that the original companies of the Dow are not the same as the present companies that make up the Dow Jones. Recently General Motors (GM), along with government bailed out Citigroup, were dropped from the Dow because they both fell below $5/share, and they were replaced by Cisco Systems ($20/share) and Travelers ($40/share). The real estate equivalent of this would be to choose a portfolio of properties in the beginning and then removing a poorly-performing shack from the collection and replacing it’s valuation with a stronger performing Trump Tower. Such a practice makes it impossible to truly measure the performance of the stock market, however it is clear that whatever gains can be measured are “slightly” inflated, if not completely overstated.
Now that we understand the shortcomings of prior comparative analyses, we will choose to use the S&P 500, despite the previous discussion, with the understanding that this provides a slight advantage to stocks, for we will show that real estate is still superior, even in a comparison favoring stocks. There is an abundance of circumstantial evidence all around us for this fact. The most significant and lucrative investment most people make is their primary residence. 85 to 90% of the wealthiest individuals in the world built and hold their wealth in real estate.
What specific ways does investing in apartments and rental properties help us multiply our money faster? There are 4 major ways:
Appreciation. This the gross increase in valuation of the asset. When the stock price increases to a higher value or likewise, when a house increases in value, appreciation is the profit from this change in valuation. Of course, a decrease in value is also possible in both types of assets, and the result of this is negative appreciation. This is the aspect that is most often focused on by previous comparisons. However, despite being the most important income with investing in stocks, appreciation is the least important of the ways of making money in real estate. Individuals who focus on appreciation in real estate are not investors, but speculators, many of whom were the hardest hit because of the burst of the housing bubble.
Depreciation. This refers to an estimation of the “loss” of valuation of investment real estate as a result of deterioration or obsolescence. The wear and tear is not tabulated from a list of specific damages, but rather takes the cost of the asset and spreads this cost over the legally estimated useful “lifetime” of the asset, 27.5 years in the case of residential property. When running your real estate investing as a business, this tax deduction can be huge, along with tax-deductable expenses, in offsetting income and legally decreasing your tax liability. There is no equivalent to this in offsetting capital gains from stock income.
Amortization. This refers to the building of equity in a property as the mortgage on it is paid off over time. This is another way of expressing the advantage of leverage in investing in real estate-the ability to buy an asset with only 3 to 25% of the purchase price and pay the rest off over time, preferably using the asset’s own income, is unheard of in the world of stocks.
Cash Flow. This has to be the sweetest money from your real estate investment; after all expenses, this is what is left over to go straight into your hip pocket. This is analogous to stock dividends, however the company in which you hold stock has the ultimate decision as to whether they will offer you a dividend, and they can change this decision without consulting minor stockholders. A properly structured real estate investment will provide positive cash flow FOREVER. And, again, if you run your investment as a business, this passive income will not be subject to self-employment tax.
About the only clear advantage that stocks have demonstrated over real estate is the relatively greater liquidity that is provided by having a ready market of buyers. However, the knowledgeable and experienced real estate investor understands this, and the investor builds a list of buyers and recruits real estate agents and brokers onto his or her team for this very reason. Even in a tough market, as exists today, investors are able to move property and maintain liquidity.
In addition, the clear and widely acknowledged advantage that real estate investments have over stocks-the ability to leverage your money and credit to buy the asset and the tax advantages and other streams of income benefiting owners of rental properties-are often greatly underestimated and understated. The accumulated tax savings and other hidden income streams when added up is a more than significant amount of money; all the annual tax write-offs translates into more money to leverage and reinvest into more income-producing real estate, and this cycle of reinvesting is the process that will multiply your investment money at a rate that the best stock can never hope to keep up with.
S Koonopakarn is the CEO and Cofounder of Saintly Assistance Financing & Equities Group, LLC, an Atlanta-based investing and consulting company that specializes in real estate and retirement investments. He has the investment plan that will get you back on track to an early retirement without depending on Social Security and without sacrificing lifestyle.