Best Home Based Businesses

Can You Still Have The American Dream of Business Ownership?

It’s an interesting question to me actually. It may seem that today with all the large corporations merging and taking over the markets they’re in, is there still room for the average person to have their own business? From my vantage point the answer is YES! And it’s even easier today, than it has ever been.

INTERNET-BUSINESS

INTERNET BASED BUSINESS

I am old enough to remember the days before the internet. I know that was a long time ago right? When it began there were no business opportunities for the average American. It was all about the browsers, chat rooms and email back then. Netscape, AOL and others were trying to dominate it first. The start of being able to buy something online was in its infancy because no one knew how to take payments yet. Amazon was a baby still!

Today we can have our own online business that allows you to sell just about anything to anyone in the world. The “E-Commerce” term is not heard much any more because we are all used to shopping online and having the items show up the next day. Thanks to Amazon, we all have the expectations of see it now, get it now. So how can you take advantage of this?

You can have your own EBAY store or be an Amazon reseller. You can have an Etsy shop or just about any online business website you can dream of!

You can earn money by promoting others people products and websites through affiliate marketing too. The earning potential is pretty much limitless.

BRICK AND MORTAR BUSINESS

Is it still viable to have a successful brick and mortar store? I think the answer is a definite yes. There will still be the desire to have an experience and you can only get that when you visit a store and walk the aisles. Check out what Target and Walmart are doing lately. The motif has been changed to be more inviting. They have added back some old staples like music and lighting to make you want to stay longer. In some stores like Sprouts and others they have a lounge you can sit and enjoy eating your purchases all along with the obligatory free WI-FI. And even the world’s largest online retailer Amazon bought Whole Foods to have a physical store presence.

Some businesses will never be online 100%. You may want to consider starting a restaurant or other entertainment type business. The only concerns with conventional businesses is they are generally capital intensive and risky. If you have an online business you just don’t have the overhead, so you can start for a low investment and you don’t need to mortgage the house! Low investment equals lower risk!

HOME BASED BUSINESS

This one is a bit of a hybrid because most home based businesses are really run out of your home, but still may have a significant online presence. There are some that are home based, in that you are producing a product that is sold online and/or at regional shows or events. The lines are getting blurred. What about promoting your business online or using social media? Does that make it an online business? What if you accept order online and fulfil out of your home? Well you get the point.

MULTIPLE INCOME STREAMS

One interesting trend is being able to have more than one stream of income. There is  a trend where many companies are not hiring workers permanently any more. They are using contractors. This allows them to have the human resources on a per project or task basis. It may be more cost effective and they can be released easier and faster when the project is done. I know people who are more “freelance” in their work and are getting work from more than one source. Sounds a lot like having your own business. Tax benefits and all.

For many people there is the desire to start and own their own business in addition to working a job. This is for many reasons, including having extra income to live but also to have the extra things in life or set up a retirement income stream too.

Today it is even easier to have the American Dream of having your own business! You don’t have to quit your job to do it. You don’t need a second mortgage and you don’t need to risk everything. You can start small and build large. Earn while you learn.  If you have ever watched the popular TV show Shark Tank then you know all it takes is one idea to hit it big.

If it has always been your dream then don’t wait! It is easy to start today. It won’t fall into your lap so just get started moving forward.

Discover a Simple Business that Pays a Full Time Income from Home

Thanks for reading!

Mark Balderrama

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Best Home Based Businesses, Best Network Marketing Companies, MLM and Network Marketing Training

HOW DO YOU BUILD MLM? ACT LIKE YOU ARE A BUSINESS OWNER

investment4If you are serious about building a network marketing business you need to treat it as a big business from the start. This means you need to invest both time and money into making it successful.

How Much Should I Invest?

Many people treat MLM or network marketing as a small, part time business that I should not have to invest money into kind of thing. Not sure why that is, but it’s not the best way to build it.

In conventional businesses people will invest thousands of dollars into a building, signage, advertising, employees, inventory, insurance etc. before they have even opened their doors or made a single dollar.

Yet when they start their MLM business they seem to be reluctant to invest anything. It takes only two things to build a business of any kind: Time or Money and most times, both. If you have no money then you must invest your time and do so at a high level.

Expectations

You cannot expect to spend 40-50 hours per week for your employer and then spend 1 hour a week building you own business and expect the money to just flood in. Set time aside and be consistent in your daily business investment of time.

Additionally the MLM business does require some investment in the form of money. You will be using it for different things than a conventional business because we don’t need any of the traditional things. In network marketing you invest money into lead generation, advertising, and learning more about business meaning it’s an investment in your own education. Like with anything new, you need to invest time and effort.

If you already knew how to start and build a successful MLM you would have one already right? If you are looking to grow your MLM to the next level then invest again. So don’t be afraid of investing in your own business and in yourself. Ultimately it’s for you and your family.

Tax Deductible?

Remember that you are a real business owner and you are entitled to the real benefits available to you. Many of your business investments and expenses are tax deductible. Advertising, Lead Generating activities, meetings, educational expenses, meals and mile may all be deductible and reduce the amount of taxes you have to pay at during tax time. Check with your tax preparer to get the list of qualified item. You don’t get to write off your expense you incur while you are going back and forth to work do you?

So remember the money you invest pays you in more than one way now. It helps you grow your business and saves you money at tax time. Think about how great that is!

Small thinking versus big thinking

OK, here’s we we get personal a bit. Are you ready?

You are, where you are in life based on the way you think. It’s not the circumstances or your upbringing or someone else’s  fault here. You need to change the way you think about how you are spending your time and money. If you want to be a millionaire listen to one and do what they did. Just follow their success pattern.

You don’t need to do what they do for a business to benefit from their methods and thinking. Watch Marcus Lemonis on the the TV show “The Profit”. It is a really great show that teaches you about a lot of excellent and valuable business principles and methods and shows the right and wrong way to think about business. It is also very fun an entertaining at the same time!

If you are really interested in building a six figure income in network marketing then you have to change the way you think about investing . Give your own business as much as you can. It pays off in the next 2-5 years in the business and the investment in your education is your for life. You will take that everywhere.

If you want to be making $10,000 per month or more you need to align your thinking with people who do.

Think Big. Earn Big.

Small investment versus a big investment

Remember you don’t need a big investment to start your REAL network marketing business. It costs anywhere from $29-$299 to start your business. That does not make it any less real or reduce the potential of making big money because you did not have to invest $100,000 or more. Don’t get hung up on not having a building everyone can see with your name on the sign. This is a Huge benefit!

In any case the name of the game is getting people to see and experience the products you offer and the opportunity they can benefit from. In any business that will take both time and money.

MLM investments

If you want to learn how to get the most out of your investment of time and money you can learn our teams lead generation techniques that can yield you the lowest possible cost leads.

Join my team and we will show you how to do it. Then you show, the team members who join you. It creates fast duplication and allows a sustainable pattern for success that anyone can follow.

If you are NOT on my team yet, please fill out this quick form HERE

Believe in yourself, believe in your business and invest in both. You are worth having the lifestyle you want, but you have to work for it and invest in it.

Discover a Simple Business that Pays a Full Time Income from Home

 

Thanks for reading!

Mark Balderrama

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