Archive | February, 2016

When Parents Work From Home

Because of financial necessity many parents believe they have no choice but to leave their children with daycare providers so that they can go to work outside the home. It would be better for the children if this wasn’t the case, and probably much easier if at least one parent had a way to work from home. When a parent works from home naturally they have more of a relationship with their kids.

work at home

Another important point is that kids don’t know about economics. What they do realize is that their parents are not there for them most of the time. The relationship does not have a lot of quality time. When you are working outside your home, you see the kids to wake them up, get them ready for the day, and shuffle them off to day care or school. At the end of the day, hopefully you have a nice dinner together, and maybe spend some time with them. Then it is time for them to go to bed.

Just by eliminating the commute times to and from work and daycare, you would have more time to spend with them and feel less rushed. While you are looking at this, don’t forget to consider how much money you can save for child care and transportation. That is money that is no longer going out of your pocket. If you are skeptical because you would make less money if you worked at home at least while you are developing a business, be sure to do the math on what you save by staying home.

When you have the freedom to choose what hours you will work it is really liberating and you will find it much more efficient. Working when your children are napping or at school would be ideal. Of course you can also be working off and on when they are up and running around the house and you can keep an eye on them to be sure they are safe.

There can however be some obstacles to this grand plan like anything else. One is to make sure that your family and friends understand you are actually working even though you are home. They need to respect that time and you can facilitate this by turning on your voice mail for one thing, so you won’t get interrupted. It really helps if you have a room with a door that you can use for a home office and teach your kids that there are boundaries.

There are many advantages if you can see a way to start a business from home, but for parents these are some very important considerations that may encourage you to pursue this idea.

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Network Marketing Opportunities

Network marketing opportunities might fall under several different business models. For example, there are sales distributorships, aka independent consultants that sell tangible products. This is probably the most well-known and there are a number of very successful mega-billion dollar corporations that are ‘household words’.

networking

Encompassing both tangibles and intangibles, there are also multi-level marketing (MLM) businesses, which include many different online affiliate marketing programs. With this model people may earn money for referrals as well as by selling the product or service of the company to earn commissions.

The principal difference in the two business models above is that the distributorships focus on selling products, whereas MLM and affiliate marketing programs focus mainly on the business opportunity (referrals). Of course these referrals are made easier if the company has quality products and services and has a good reputation as a profitable opportunity for affiliates.

Participants in most network marketing opportunities are considered to be self-employed. This is an ideal situation because they can work for as many different companies as they prefer. The ‘multiple streams of income’ concept works very nicely in any case. Mainly this is due to the fact that there is no limit to how much money they can earn as there would be with an employee’s ‘salary’ or ‘wages’.

The other major reason having multiple streams of income is a very wise way to build a business, is that there can be a balance where if one company has slow sales for any period of time, it is not as detrimental to the bottom line in that the other companies may be doing fine or better.

Additionally, they do well with the concept of ‘multiple streams of income’ because you can technically earn money in multiple ways within each individual organization. With MLM and affiliate programs you can earn money from referrals as well as from selling the products. As you get more sophisticated you could actually have separate advertising that focuses on either.

With regard to any network marketing opportunities, take advantage of your associations in the various networks and use them wisely. You can “cross-promote” in your own organization or network by ‘back-end’ and ‘OTO’ (one-time-only) sales to your existing clients. That is once a customer buys your products or agrees to participate in a business opportunity you can invite them to follow you into some of your other opportunities.

Networking is always going to emphasize building relationships with people. Get to know your prospects and existing customers. Don’t ever be accused of ‘taking the money and run’ where they will say ‘I was very important until they got my money and now they have disappeared. I can’t get any help and at this point I just want a refund’. Stay in touch.

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Infinite Possibilities for Making Money Online

Just as the Internet has been called a ‘vast sea of information’ it also represents unlimited possibilities to find out how to do whatever you are seeking. Making money online is entirely possible if you are willing to expend the time and effort to build and develop a business.

make money

If you keep in mind the theory that nothing is ‘written in stone’ you can have a flexible plan that can easily be changed as you learn more and/or change your mind about what you want to do. Nothing legitimate should have any contracts beyond month-to-month so that you can always back out of anything at any time for whatever reason. If there is a contract or large ‘admin’ fee for joining, R-U-N away.

You can join many affiliate programs free and earn commissions when you are able to generate a sale. You can stick with this model for the duration as many people have and are making millions (over time). It is very easy to start this way as they provide a ready-made web page that you can use to advertise. If you have any money at all to invest you can usually make more money and find higher quality products and services than you can for free. However if all you can afford is free, then go that way for now.

There are other models that may appeal to you to start making money online. For example, using an auction site or classified ad bulletin board to start selling merchandise. You might start this with no inventory or product just by identifying all the things that you have in your garage or house that are in good condition that you are not using.

If you see online business more like a store, then you can become an independent distributor of products. There are any number of niches that may appeal to you, such as health and beauty products like vitamins, diets and/or lotions (treatments). If you like the ‘high-end’ you can be a distributor for electronics (phones, computers) or telecom companies (satellites, wireless, etc). It is usually free to sign up to become a distributor.

Note that there should be no reason for you ever to have to purchase an inventory or purchase anything every month. Any reputable company knows how to ‘drop-ship’ and you would just process the orders and the company would ship it right from their warehouse to your customer. If you find a company that requires this type of investment, R-U-N away.

A really fun business to have would be if you have any talent with arts and crafts. You can create beautiful gifts and sell them online. You could create a simple website or even a blog that includes a list of your inventory including pictures, your price list and an order form. The easiest and free way to process payments is to use PayPal to do your sales transactions. They will provide the payment button, the code, etc., all for free and you pay only a very small fee on each payment received. Do not get involved with ‘shopping carts’ and ‘payment gateways’ that will cost you a fortune even if you never use them. Paypal accepts all major credit cards.

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