New Book Teaches Readers Keys to Network Marketing Success

Ripple Marketing by David Skultety is a concise and up-to-date book on everything that network marketing offers the aspiring entrepreneur who wants to work part-time to earn a few extra dollars, have a home-based business, or go all the way to create a full-time, lifelong, and fulfilling business career.

We’ve all heard bad things about network marketing, but despite those stories, the truth is that it works for many, many people, and it works because people make the effort to make it work. David Skultety himself has led two different network marketing teams, taking them from 1 to 100,000 in membership, so if anyone knows about the benefits and the woes of network marketing, it’s him, and in this new book, he reveals how people can use network marketing to their advantage, avoid its pitfalls, and reap its rewards.

The book begins with a foreword by David Litt, a network marketing corporate executive, who states “There are people in my life who have lots of money and very little time. There are people in my life who have lots of time and very little money. But the only people in my life who have lots of money and lots of time are my friends who are network marketing professionals like David [Skultety].”

David Skultety then takes over and walks readers through the entire process of finding the right network marketing company for them, how to build up their network by finding other people to join them, and how to help the people below them as they build their networks so those people can succeed and still benefit the people above them; after all, network marketing is about far more than sales-it’s about creating residual income based on other people’s efforts. As David Litt says, as a result, “ultimately this book is a blueprint for long-term financial freedom.”

David Skultety impressed me from the first page, and I quickly understood why his friends call him a “networker’s networker.” He has always had an entrepreneurial mindset, as he tells us through stories about how when he was twelve, he had a coffee and lemonade stand at a gas station during the 1979 oil embargo when cars were lined up there. In the sixth grade, he was making $20 a day selling candy to classmates so he could buy a moped. He’s always been involved in some sort of business since then.

Ripple Marketing is far from being like an infomercial of hot air about the benefits of being in network marketing-though those benefits are worth mentioning, such as: the low investment, having a home-based business, tax advantages, ability to sell without borders, working part-time, time-flexibility, and eventual financial freedom. Beyond that, David Skultety gives practical advice and information about how the entire process works and how the reader can become successful.

Various chapter topics include how to find a mentor, accepting that building a business will take time, and how to focus on income-producing activities rather than getting caught up in the minutia of items like building your website and continually improving it or reading up on your products-important activities, but also things that people sometimes focus on in a pretense of working when they should be out selling and networking.

My favorite discussion in the book was about how to overcome fear and develop the three proper mindsets you need to succeed, including the mindset of success. David also gives his top five tips for how to develop the proper mindsets beginning with learning how to feel good about yourself. I appreciated it when he was honest and straightforward about what people have to do to succeed and how it all boils down to motivation. At one point, he states:

“Over the years, I’ve watched countless people talk a good game. They talk about building it big. They claim to possess all the skill sets necessary to succeed. They show up at events and set goals. But they can’t seem to get out of their own way because they have not made one simple decision-the decision that they are going to use the model of network marketing to achieve their dreams, goals, and aspirations.

“In order to make that decision, you may need to overcome your limiting beliefs, you may need to become fearless in talking to people, and you may need to be forever dedicated to working on yourself and helping others do the same.”

David talks a lot about the importance of getting out there and talking to people-you can’t succeed otherwise. He talks about how this can be done numerous ways, including by hosting a series of home launch parties, setting up conference calls, and using social media. In all these cases, you are able to connect with people, and when you understand their needs, find their pain, and put yourself in their situations, you can find out how your product can be a solution to their problems. David also walks the reader through how to make each of these types of connections successful.

Another key point David makes is that when you are selling your products, you can also be introducing people to the idea of entering network marketing themselves so that you can add to your residual income through their efforts. I was impressed by how David pointed out here that we cannot prejudge people, thinking someone will or won’t be interested in our product or business, and then only sticking with the safe people like our family and friends. Instead, we need to go out and sell both our product and our business to the brightest and best people we know if we really want our business to grow and create ripples.

I was also impressed by the information David shares about the importance of learning how to duplicate your products so that you can keep producing them and earning income from them without a lot of extra work.

There is so much more in Ripple Marketing, but I’ll just conclude by mentioning that David believes in servant leadership. He believes in serving the people below him in the network chain so that they can succeed. And, of course, that only benefits him and everyone else in the network.

The back of the book includes additional resources such as “Selecting the Right Company for You,” “The 10 Deadly Sins of Network Marketing,” and recent statistics on network marketing.

Of course, network marketing isn’t for everyone, but if you make the investment to read this book, I think you will be pleasantly surprised that as long as you’re willing to talk to people, it can be a lot more exciting and fulfilling an opportunity than you imagined, and before you know it, the ripple you make can become a wave you can ride for a lifetime.

Rabbit Farming Basics Every Rabbit Farming Entrepreneur Should Know

It is no wonder rabbit farming is becoming an attractive prospect for budding entrepreneurs! It is one of the very few livestock businesses that can be started on a small budget, and it is a growth industry. However, while there are plenty of benefits to farming with rabbits, there are also a few things you should know before you decide that it is the business for you.

First, there is the investment you will need to make. Initially, this can be as low as $5000, and most small-scale commercial rabbit farmers see a return of up to fifty percent on that in one year. However, you will also have to put in a lot of time and effort to make sure that your management is sound, that your rabbit breeding schedule works, and a lot more, so there’s also a lot of sweat equity that goes into a successful rabbit production venture!

Next, you will want to do your research about rabbit breeds, and rabbits in general. Breeds vary greatly from one to the next, and there are some, like angora’s, that are bred and farmed for their wool, while others are bred for the rabbit products of fur and meat. Choosing the right breed for your type of farming, as well as your environment, will make a big different to the success of your rabbit farming venture.

Your next concern will be to look into local legislation. This can differ greatly from country to country, and even from area to area within a particular country. If you live in an urban or semi urban area, then there is a good chance you will need special zoning or permits in order to start your rabbitry, so make sure you find that out before you start investing your money in the venture.

Finally, there is management. It is a good idea to familiarize yourself with as much as you possibly can about breeding and farming with rabbits before you buy your first rabbits. From how to construct cages, to when and how cleaning should take place, to health requirements, breeding issues and rabbit feed, there’s a lot to learn about rabbits, and it’s a lot cheaper if you know what you’re getting yourself into first!

The truth is, rabbit farming can be a lucrative and profitable small business, if you do your research first. Just make sure that before you take the plunge into rabbit farming, you do that research, and you should be just fine.

NoteBrokering – An Insiders Guide to a Home Based Business

Everyone has seen the late night infomercials on about every cable news channel. The makers of these so-called get rich in the note-brokering markets offers the purchaser of their product dreams of riches with little or no effort on their part. “Just simply buy our course and be on your way to living a financially independent lifestyle.” This is the famous tag line that these infomercials use to trap those who are looking to get ahead into buying their product. As a Master Note Broker for some years now I can assure you this is the furthest thing from the truth.

Note Brokering is a highly competitive field as well as a field in which you must first know the local finance laws of your state. In many states you must be registered with the Department of Securities as a Business Broker. I know these infomercials do not tell you that this can cost up to $1,000 when you buy their product. The next thing you are not aware of when you buy these products is that what they give you for your hundred or two hundred dollars is just a basic overview of the industry. You will nine times out of ten be sold on the idea of going to one of their $5,000 dollar seminars to get advanced training. The promoters of these products claim it is just a small investment in what will turn out to be a huge money making business opportunity. “Don’t buy into that non-sense!” There are many outlets available through your local library that will help you get the overview of the business for free. Many books have been written on the subject of Note Brokering, use these resources first and save yourself hundreds of dollars on materials or courses that are not worth a dime to you.

Once you determine that this business is for you then it’s time to get with a Master Note Broker who will help you get your foot into the door. A mentor will help educate you in particular areas of the business, these mentors are critical for your success. Once you have the guidance of a Master Broker you need to get out there and Network with those who will be vital to your success. Real Estate Agents, Business Brokers, Real Estate Brokers will be vital to your success in the Note Brokering field. When you first start out in the business more then likely you’ll be working with 1st tier mortgage notes. These are notes that are held by an owner of the property who wishes to seller finance a transaction. Without a broad network you will find it hard to find the notes you are looking for.

Lastly it is recommended that you study marketing. In order to bring notes to your attention the broker must advertise his or her business effectively. “You have a service someone needs.” This must be central to any advertising campaign and you must convey to a potential note holder why they should use your service. There are thousands of brokers in the United States today- You as a Note Broker must convey to holders of an financial instrument why they should use your services. There is much to learn in this industry, more then you’ve been led to know by these people who launch infomercials on late night t.v. A question I would like to pose to the reader who is thinking about getting into the note brokering business. “If these so called brokers where making so much money in the Note Brokering field, why would they waste their time trying to sell you a product that would compete with them in the market place?” I offer a simple answer to that question. “The note brokering field isn’t as easy as they make it out to seem!” In following articles I will go more into detail on the subjects covered in this article. Remember as I close! Use common sense when choosing a business to invest in. Make sure that you have done your research before falling pry to these late night crooks.

ZARA Franchise: Invest in Your Future

When we look at the current market scenario where jobs are a scarce commodity as the economy is in a downward spiral, there is a big cause for concern. Therefore, it is of a paramount importance that we meticulously plan our future well in advance. For a middle class person like me, it’s a dream to own a business and ZARA Franchise gives you that rare opportunity. It is a business model which yields relatively high returns on a low to medium investment. ZARA is a very well-known and a very well respected brand all over the world. An opportunity to associate with the ZARA Franchise would give you an entrance into, and understanding of, the ever growing and extremely lucrative industry of apparel retail.

ZARA Franchise was founded by Amancio Ortega and Rosalía Mera in A Coruña, Galicia, Spain in 1975.It was however opened out of desperation and as a last resort, when a wholesaler cancelled a large order in which all of Ortega’s capital was invested. So he decided to sell the merchandise himself and opened the first ZARA store. The first store also featured low priced lookalikes of popular high end brands and it proved to be a huge success.

As the ZARA Franchise gained popularity, Ortega started the global expansion of the brand in 1980 and entered the US in 1989. ZARA is controlled by the parent company called Inditex group which also own the companies like Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, and Uterqüe. As of 31st January 2012 ZARA has over 1631 outlets in around 82 countries and has over 42 stores in the US. With the contribution of US being marginal at the moment to the $2.5 Billion profits posted by Inditex, the growth opportunities of the ZARA Franchise in America are immense and with ZARA planning to open multiple outlets in all the major US cities the future of the brand is looking very bright.

The business model of the ZARA franchise is based on the motto “High Fashion at affordable price”. ZARA stores don both men’s and women’s clothing and subdivided into lower and upper garments, accessories, shoes and cosmetics. ZARA boasts low prices for smart in-fashion clothes. It takes two weeks for ZARA to develop and display the products in their stores. ZARA Franchise launches over 10,000 different designs in a year which is way higher that of the industry average. ZARA has over 200 designers who design new products keeping in mind the current trends. They also take into account the feedback received from various store managers from all over the world and therefor keep abreast with the consumer’s likes and dislikes and design their products accordingly. They produce in small batches per product with an extensive variety.

The other unique factor in ZARA Franchise business model is that, it’s a vertically integrated retailer unlike other apparel retailers. This gives them a tremendous control over all the aspects of production like supply chain, designing, manufacturing and distribution of it’s product. This makes the business more cost effective as they don’t have to outsource the different processes. ZARA also boasts “word of mouth marketing” as they believe that if the product is good it will sell. Window displays also play an important role in promoting the products.

ZARA offers their franchisees full access to corporate services, such as human resources, training, and logistics at no extra cost. They also allow the stores to return up to 10% of purchased merchandise, which is a higher level than many other franchises. The ZARA Franchise usually runs into profit by the end of the first year and if there is any debt on the start-up cost, it would be recovered by the end of the third year. All you have to do is contact the corporate office and depending on the city you live in, you can apply for the ZARA Franchise.

20 Rainy Season Businesses You Can Start Now

Let’s take advantage of these seasonal needs and offer the appropriate business services. You will find below a list of 20 profitable rainy season business ideas.

  • Cold Weather Apparels and Accessories: Starting a cold-weather apparel store can be a great option for those looking for a seasonal business. You can buy products in large quantities and start selling to retail fashion shops and corporate offices. You can even hire sales canvassers and pay them on a commission basis.
  • Lawn care business: Contrary to popular beliefs, the rainy season is a great time to start a lawn care business. Lots of individuals and large companies seek for services of lawn care maintainers to help them take care and beautify their environment. You will need to advertise your services in local newspapers, or write an introductory letter to the ministry of environment either at local or state level. You can also write to property managers. Who says you can’t go out and knock on doors of commercial businesses and property managements? They have a long list of clients that will need the services of lawn care service providers. You can start with two or three staff.
  • Roadside snacks: In this rainy season, snacks like roasted corn, cooked corn and cooked groundnuts are in demand. Passersby, pedestrians and drivers alike would always want to buy hot snacks to heat up their body and quell their hunger. Your target market should be in densely populated areas of streets with big pot holes that could delay traffic. As drivers slow down, they notice you and buy your snacks. Herbs and Flower Farming/Gardening: Flowers survive better during the rainy season. Plants are the basis for all landscapes, homes, gardens and even for brightening offices. You will pay small amounts for packets of seeds and make way more when selling starter plants. The more space you have, the better you will be at it. If you have the space in your landscape and outdoor garden, you can create gardens where you will grow the plants and dry them out after. This will add much to your inventory and you can make lots of money selling dried flowers to retailers, wholesalers, and even flower shops.
  • Make Mosquito Nets: Mosquito nets are simple to make and easy to use. They eliminate the need for repeated use of dangerous chemicals. Mosquito nets can be institutional and attractive. By using pretty flowing fabric and a few household objects, it is possible to make a beautiful yet functional mosquito net. Things you will for construction of a mosquito net are; stud finger, 4-inch metal “O” ring, cup hook, 2-feet diameter embroidery hoop, 20 yards of tight weave chiffon fabric, 4 feet of stain cord or ribbon, hot melt glue and clear hot melt glue sticks.
  • Tea Café: This market is not likely to be saturated if you decide to start this business. What innovations do you need to do this business? Simply make your tea joint look neat and attractive. Guys will park their cars, jeeps; roll up their sleeves and squat for a cup of steaming tea. You can entertain them with music. Your major target will include bachelors and spinsters, and also from the married groups and workers in general. Most of these people leave their homes early enough for work without having breakfast. Make sure your shop is situated where there is high concentration of people. Also make sure your customers have varieties of beverages to choose from e.g. beverages like bournvita, Milo, ovaltine, top tea etc. Other add-on for your tea café can include bread, canned fish, sardine, noodles, soft drinks and water. As a starter you require fire heating gadgets, tables and chairs, cups, plates, spoons, knives, forks and so on. You may require a small accommodation or a table space in a busy area, which wont be difficult to get if you meet the right authorities. You just need to part with a few cash to get this space. As you start operation, set aside some specified amount that the government may require as levies. Never mind the levies because you can record over 40 clients per day especially when you start very early in the morning and evenings. If you are innovative, entrepreneurial and exceptional, you will discover that there is no limit to what you can earn.
  • Catch and Sell Snail Meat: Snail meat has been severally affirmed as a safe and nutritious delicacy. If you place a blanched piece of romaine lettuce, zucchini or cucumber into a small tank, in no time snails will gather around it. You have to be patient though, because it will take a while to catch a whole bunch of them. The best period to commence snail farming is the raining season. You can start with about 50 – 60 snails to have a good knowledge of how snail breeding works. Snails are sold in bunches of 20 pieces each and the price depends on the size. The bigger sizes are sold between N2, 500 and N3, 000 per bunch. It is better to buy the big ones so you can expect to produce more after about 35 days on location. As a starter, you can start with as low as N10, 000 in this business. You can sell your products to hotels, restaurants, individuals and market women. You can even export them if you have large quantities in stock.
  • Umbrella Stocks and Sales: Since there is no notable umbrella manufacturer in Nigeria, prospective investors are advised to buy in wholesale and start selling branded umbrellas to corporate organizations. Don’t forget companies will like choose the colors that match their company. Modern rain umbrellas are made with fabrics (commonly nylon) that can withstand a drenching rain and one that can dry quickly and fold easily. They are available in varieties of colors and designs. You can get it in large quantities for retail at Idumota in Lagos and the prices ranges from N150 to N250 depending on the size.
  • Tarpaulin Hire Business: Many people organizing outdoor parties are most likely to hire tarpaulin to shield them from the rain. You can make money by engaging in the tarpaulin hire business. If you don’t have enough money to buy a brand new one, you can lease it from sellers and hire out to those who need it, taking the commission as your gain.
  • Pest Control: A pest control home based business can provide you an healthy income. There are various types of pest controls such as insect or rodent control, or the business can specialize in providing all pest control services. There are also various methods now being used to control pests, such as chemical-based sprays and organic-based sprays. This will also have to be a consideration in terms of the types of methods your business will utilize. Overall, a pest control service can be very profitable business venture during the rainy season and can generate profits of N5million per year. You can write a proposal to big corporate organizations stressing the advantage of pest control and healthy living can have for them.
  • Yam planting and Sales: Turning yam into an exportable product is considered a remarkable achievement in Nigeria. Although the country is rated as the largest producer of yams in the world, it didn’t find the means to take advantage of this huge potential for export until the formal launch of the Nigerian Yam Export to U.K in July 2009. You can take advantage of the rainy season, which is best for yam planting and sales. You can buy yam in large quantities and sell to exporters, and you can also sell to local manufacturers who process yam to pounded yam and flour.
  • Maize Cultivation and Processing: Investors have the opportunity to capitalize on the current high demand for staple foods by investing in the cultivation and processing of maize and corn. Maize is commonly grown in the middle and southern part of the country where heavier rainfall permits two corn crop seasons per year. A well drained loamy soil can be used for maize plantation.
  • Gutter Cleaning: A lot of gutters are blocked during the rainy season preventing the free flow of water. You can start making money by offering the service of Cleaning Gutters. Don’t shy away from this business because it’s a money earner in the rainy season. You can employ two to three people to leverage on. You will need to assemble items such as large wooden spoon, a simple garden trowel, and a sturdy pair of garden gloves. You can find work with landlords or landlords associations. Some will prefer you clear it for them weekly while some will want their gutters to be cleared once or twice in a month. You can charge between N5, 000 to N20, 000 depending on the clients and the intensity of the work to be done.
  • Hire Water Pumping Machines: A lot of houses will get flooded during the rainy season. This will create a business opportunity for you to own a water pumping machine and hire out to these houses to clear the flooded area and pour the water to the gutters. Some water pumping machine owners charge as much as N5, 000 per day. During emergencies when there is no entrance to a whole street a water pumping machine owner can charge more. All you need to do is to identify such flooded areas, move in with your pumping machines and charge appropriately.
  • Sell Rain Coats: Modern raincoats are often constructed of breathable, waterproof fabrics such as gore-tex and coated nylons. These fabrics allow some air to pass through, thereby allowing the garment to “breathe” so that sweat vapor can escape. You can commission a tailor to sew in different sizes and designs to meet the demand of different customers; you can also buy in some retail stores and sell directly to individual and corporate organizations. Or you can recruit sales canvassers who can help you get it to the markets, especially when it rains.
  • Start a Car Wash Business: A lot of cars will get dirty in the rainy season because of splashes by mud. You are going to make cool money in the rainy season with this business. There is some equipment you need to start this business. Most importantly you need a pressure washer, if you want a proper washing to make your customer appreciate your service and always come back. The pressure washer brings out the water with pressure. It removes all the dirt and makes the cars to glitter. The pressure washer is also used to wash the car radiators, no matter the amount of dirt that blocks the vent of your radiator, the pressure washer removes all and opens up the vent again. The pressure washer consumes less water. The amount you can charge to wash cars and trucks will vary with location and to how dirty the car or truck is. Normal car wash costs N300, but for interior wash, it can cost up to N800. Washing of engines cost up to N1, 000 which is also the cost for normal washing of Jeep. The cost for washing a truck can be around N3, 000 and a very dirty trucked can be charged N5, 000. If the engine is extremely dirty, you will have to apply chemicals which are a mixture of diesel, detergent, kerosene, petrol and acid, which should be mixed very well. Sprinkle on the engine and leave for about five minutes. Now when you use a pressure washer to rinse, the engine would look as clean as new. You can get to major car parks, negotiate with car owners and get their cars washed before they get back to the car park
  • Repair Pot-holes: You can start a mini-road-construction business repairing pot holes. A lot of pot holes will continue to increase in size during the rainy season. Some products make potholes repair easier than others. Asphalt makes the process significantly easier. No special equipment is needed with asphalt. You can start making money with the local government area in your locality. You can even negotiate with the unit or National Union of Road Transport Workers (NURTW) in your area or discuss with the landlords association or the local government chairman. You can charge as much as N20, 000 to N100, 000 or more, depending on the intensity of the project.
  • Own a Warehouse: A lot of retailers have been keeping goods in shops before now but during the rainy season, most of them will be forced to take their goods to warehouses to protect their goods from unexpected rainfall. Prior to opening a warehouse business in your area, it is paramount to find out how many competitors you have. Gain knowledge of how existing firms have positioned themselves in the market place and then design your business in a way that sets you apart from others. You can charge daily, weekly or monthly. However, make sure you inform your retailers in your areas that don’t have a shop before now that you can provide them a secured place for their goods in your warehouse. They would be ready to pay for your services
  • Produce Shower Caps for Women: This business can be started with very low capital. Purchase some yards of plastic materials which are clear, opaque or semi-transparent or can have pretty designs on them. Measure the distance around the head where the shower cap is expected to end. Add one inch to this figure for overlapping purposes. This will be the shower cap circumference. Purchase elastic, less than one inch wide, and cut to the shower cap circumference. The elastic can be sewn on the outside or inside of the shower cap edge, or the elastic can be pinned down, sewn, and then one or two folds (or rolls) made, then sewn again to “case in” the elastic inside the edge of the plastic cap. You can sell for N50 or more depending on the quality of the nylon you are using.
  • Set Up an NGO for Climate Change Disaster and Relief Services: This type of NGO is going to be busy in the rainy season, providing supportive services for Nigerians who live in flood prone areas. The NGOs in this sector will be responsible for educating Nigerians in these areas on how to avoid flood disasters and also provide weather report and analysis so that they will prevent flood occurrences in their regions. Such an NGO will receive regular funds from foreign donors. You can make money from this by affiliating with already existing NGOs abroad. They have regular source of funding and they will be happy to have an affiliate agency here in Nigeria or Africa.
  • Make Mosquito Repellant Lotions: Earlier on we talked about Making Mosquito nets for sale. But you can also produce mosquito repellant lotions so repell mosquitoes which are in abundance in the rainy season. There a couple of different formulations you can make for your natural mosquito repellant. In general, what you are doing is diluting an essential oil that the mosquitoes find distasteful or which confuses them so they can’t bite you. The oil doesn’t mix with water, so you need to add them to other oils or to alcohol. It is important to use an oil or alcohol that is safe for your skin. You can sell in a small bottle after production for N100 to N300 depending on the size.
  • Produce Agro Products for Local and Foreign Consumption: Local products like cocoa, kola nut, banana, chili pepper, shea nut, okro, melon are products that you can start selling during this rainy season. All you need to do is to locate the exporters and start earning finders fee. If you have a small farmland, you can sell to retailers and start making money that exceeds your imagination.

The rainy season is an all year round event, so if you have the time and some money to invest in a business idea then check above the one that best describes your dream business or starting point. Discover the money making possibilities of each one and use them as your keys to success.

Internet Business Wealth Creation – A True Portable Business

Internet business is a growing multi-billion dollar industry and anyone can be part of this with just a computer. In my opinion, it is the best home business as well as a ,alternative income, business. Multiple avenues of income streams can be found. Compared to a bucket income like regular job where 1 ‘bucket’ of work equals 1 ‘bucket’ of pay, the internet business is like building our own pipeline to wealth with very low investments. This make it a truly Home Based or computer business and is the best way in my opinion to create multiple income streams for yourself. With conventional work, if we stop working for any reason, the income stops.

It is relatively easy to launch a website which is tantamount to opening a shop so to speak. One can open multiple ‘shops’ with little capital and sometimes even no capital other than time and effort and a internet connected computer. For beginners, it may be interesting to learn that on the Internet some things can be done for FREE! For example, there are internet sites offering free webdomain. These are functional although a dot com site is always the first preference. Whatever business or project we do, we have to firstly plan, organise, execute, recheck and fine tune etcetra. Basically a system has to be in place so that the business can run and be executed smoothly over and over again.

It is generally best firstly to get your own domain name. This itself takes abit of creativity and honestly hard work as good names are usually taken up especially for .com names. Domain names should be short to be easily remembered. Preferably catchy 2 to 4 syllables so it is better remembered. The easier to remember the site the better. It will be good if the name does not have any negative connotations as with anything else, positive branding is best. Ease to pronounce your site name will also help people remember it. Preferably do not use generic names as if you want to later register a company or product using that name may be difficult. It would be good to also indicate the market you are in in the name. This makes it easier for people to immediately identify with your focus area. Search engines tend to pickup better if your name includes the market you are in.

Next is to sell a product or service which is in your area of specialty or interest. With interest or if you are already skilled in that area, one can find it easier to identify areas or topics where one can start a internet business. One can also present it with more confidence.

There are many ways to do the business. Say for example you decide to sell products but do not have the product in hand to sell due to stocking or whatever reason. Now Drop Shipping is an area that getting very popular. Drop shipping works like this: You setup your website or internet storefront. Any orders goes directly from your website to the manufacturer or wholesaler and they will complete the transaction from orders to delivery. You then get your share of the commission or profits. In this way you do not have logistic and other headaches. Another popular method is Affiliate Marketing where the products or service is already there and you just have to promote the product for a commission. In all of these few examples, the main other work comes in marketing your site. As with a physical store, promotion or marketing is done to attract customers. The more marketing and advertisement is done as well as if properly exercise, the higher the interest and more customers to your site and business.

As with any business, once you have customers, present or past, it is better to value a customer in hand more than to look for new ones. Both are important but taking care of existing customers will be better as a relationship has already started and chances of repurchases is greater.

Kinderdance Franchise Opportunity Review – Kinderdance Franchise Facts

Do you enjoy working with children? If you are in search of such a business, this review will outline a very popular company. This Kinderdance Franchise Review explores basic information of this business and investments related to it.

Background: Kinderdance was founded in 1979 by Carol Kay Harsell. Its main office is in Florida. The company started offering franchisee in 1985. Now it has more than 110 franchises in United States. The Kinderdance Franchise offers an innovative program that focuses on education through dance. The idea of the activity is to offer different activities like motor development, Gymnastics and fitness programs mixed together with education that is numbers colors, words, songs and shapes to educate children of the age group 2-12 through the program. As well as other unique and innovative programs that assist in early childhood education.

Benefits of a Kinderdance Int’l. Inc. Franchise: Kinderdance Int’l. Inc. is a fast growing company in the United States. It is engaged in working in an interesting and different area of children education. It offers a great business opportunity for people who like to work with children. As a Kinderdance Franchise owner you can start your own business that has great opportunity in your area. It is home based business with many benefits. Some benefits of the franchise include:

· It is a home based business with very low investments and low overheads. You can work with children, which is perfect for those who like to work with children.

· There is no night work as well as weekend working requirements.

· Kinderdance Int’l. Inc. offers finance assistance for its franchises.

· It provides systematic programs including all activities like dance, Gymnastics, and fitness programs to its franchises.

· As a Kinderdance Int’l. Inc. Franchise, you can receive comprehensive training. It gives ongoing support and marketing aid for your business.

· The Kinderdance Int’l. Inc. Franchise has very simple business procedures and one can start it part time with 1-2 employees.

There are many opportunities to grow your business through child care centers, pre-schools, and other schools.

Investments required: The franchise fee ranges from $12,000 to $40,000. The ongoing royalty fee is 6-12%. The terms of agreement is for ten years and is renewable. The cash liquidity requires $14,950. With the availability of finance assistance, one can own Kinderdance Int’l. Inc. Franchise investing small amounts.

Kinderdance Int’l. Inc. is engaged in offering dance and education programs for the children of age group 2-12. The programs are designed with combination of Gymnastics, dance and fitness program along with songs, numbers, colors and other educational aspects for educating children with dance activities. This is a vast industry of around $28 billion. Individuals who enjoy working with children can definitely benefit with Kinderdance Int’l. Inc. Franchise Review as opposed to choosing a business in a different field. Kinderdance Int’l. Inc. provides all training and marketing support however, as with any business it is up to the business owner to successfully grow their business.

What Business Can You Start With RM1500 Or Less In Malaysia?

In this article, I will share with you what type of business you can start with RM1500 or less in Malaysia.

I will share my story starting the business with a small initial investment of less than RM1500 in March 2018.

After 2 years, I actually bought a new house with the income from my home based business.

What profitable business can you start with RM1500 or less in Malaysia?

The business is dropshipping but uses the network marketing business model.

To be honest, when I was first introduced to network marketing, I wasn’t very keen.

But I decided to give it a try anyway.

The reason I started a network marketing business is to build an income source for myself so that I can help to pay for our family expenses.

Previously, I was a Human Resource (HR) manager for an office supplies manufacturing company in Kuala Lumpur, Malaysia.

I resigned from my job back in 2010 when I got married.

After that, I had my first child and 2 years later, my second child.

I was a full time housewife for 6 years before I decided to get back into employment.

Back then, my husband was the only breadwinner and our family’s cashflow was very tight.

With only one source of income, we don’t have much left money wise at the end of every month.

I did try to find a job but after sending more than 90 resumes and going for 6 job interviews, no company wanted to hire me even thought I am highly qualified and experienced.

The reason the companies don’t want to hire me was due to my 6 years gap of not working when I was a full time housewife.

It was a disappointing and depressing experience for me.

Nonetheless, I had to find a solution to expand the income for our family.

That was when I started to look for business opportunities where I can operate from our rented house.

My introduction to network marketing

I actually started a small home based business in early 2017 selling prepacked baby porridge.

Back then, I bought the prepacked baby porridge in bulk from Taiwan and started promoting them on social media such as Facebook and Carousell.

I also started a blog in order for me to market and promote the prepacked baby porridge.

However, after a few months of selling the prepacked baby porridge, I had a realisation on my home based business endeavour.

I realised the monthly income from my home business is very small and it is unlikely that I can grow it into a big business.

Reason being, the target market for the prepacked baby porridge is very small.

Back then, only mothers with 2 – 3 years old toddler who are going for a holiday are buying from me.

Can you see how small the target market was?

That was why on a good month such as during school holidays, my home based business selling prepacked baby porridge could only generate RM400 – RM500 in net profit.

I remember thinking, I can’t go on like this.

The net profit from my home business is too low.

I need to find another product to sell from my business in order to make it worth while.

Ideally, the product has to be of higher value so that I can earn higher profit.

The product also has to able to cater for a bigger market.

People of all ages, men and women of every ethnicity in Malaysia should be able to use the product.

With the above 2 criteria in mind, I started to look for a new product for my home based business.

As fate has it, I found the product from reading in the comment section of a Facebook post.

The ideal product that I found on Facebook is a far infrared ray (FIR) emitting health and wellness pants which is fully made and imported from Japan.

Later I found out the sole importer of the FIR emitting pants was one of the top MLM company in the country and is located in Kuala Lumpur, Malaysia.

My initial investment

How much was my initial investment to start my new home based business?

I actually started my new business with an investment of less than RM1500.

The RM1500 was used to purchase 2 pairs of the FIR emitting pants for myself and my mother.

The reason I purchased the pants because I was looking for a solution to help to relieve my back pain and leg cramps.

I also wanted my mom to try the pants because she has issues with knee pain.

I wanted to experience wearing the pants personally.

After wearing the FIR pants for a few days, my back ache and leg cramps surprisingly went away.

I am now convinced that the pants works and started to promote it as the core product for my new home business.

How did I generate leads for my new home based business?

Remember the blog that I created for my prepacked baby porridge business?

I actually repurposed it for my new home business and it became my main medium to generate leads for my network marketing business.

In the first month, the commission that I got from promoting and selling the FIR pants was more than RM1500. More than my initial investment!

It is definitely a much better option than selling prepacked baby porridge.

I kept on building the business and started to sponsor more members into my business.

Third month into the business, my monthly commission has exceeded RM5000!

Honestly, I was really surprised by the results.

I was wondering why the FIR pants was selling so well.

After some research and deep thinking, I realised the far infrared ray (FIR) pants is a Blue Ocean product.

The concept of a blue ocean product is from the book Blue Ocean Strategy written by W. Chan Kim and Renee Mauborgne.

A blue ocean product is in contrast to a red ocean product where the competition is very stiff and profit margin very low.

In a red ocean, everyone is fighting each other just to get their hands on a small profit.

The book Blue Ocean Strategy talks about creating a product or service in a totally new category where the competitor does not exist.

This makes competition in the market irrelevant therefore it has the potential to make sales easily and generate a higher profit.

By chance, I stumbled upon a blue ocean product in Malaysia which is the far infrared ray emitting pants.

Thank you for reading this article. I hope it has been helpful for you.

Cheap and Easy Promotional Tactics For Your Business

Any entrepreneur would love to promote his business at minimum cost and get maximum mileage at the same time. But when you are running a home based business you have no other option than to promote your business inexpensively. This is because you might not be earning so much money that enables you to have a large promotional budget. However your business needs exposure to grow and the only way to get it is by promotions. In case you are in a fix about the kind of promos you should run, you can breathe a sigh of relief.

This is because there are a lots of online (involving the internet) and offline (conventional) techniques you can use to put your business in the limelight. These are the resources you must have at your disposal to engage in the promoting your business:

– A PC with high speed internet.

– A telephone connection

– A color printer. A cheap printing press in your locality can also do.

– An attitude that says ‘nothing is impossible’!

Once you are sure you have these things, you can get started.

With the PC and internet connection, you can,

– Create profiles on various social networking websites to build your contacts.

– Create profiles on business networking sites and try to get into mutually beneficial deals with other entrepreneurs.

– Write informative articles and post them in free article directories.

– Post information about your business in blogs.

– Send emails to prospective clients about your offering and how they benefit by doing business with you.

With the phone, you can make calls soliciting a prospective deal. You can also get your number listed in various yellow pages and wait for calls from your prospective customers. With the printer, you can create,

– Leaflets and flyers that you can distribute in different places (frequented by people who are most likely to buy your product or avail your service) of your city.

– Print direct mailing postcards.

– In case you have a cheap printing press nearby you can get the job done more professionally. These ideas really work and all you need to do is just give them a try!

5 Factors of Production

Economic systems rely on certain inputs to operate effectively. Collectively, these inputs are called the factors of production. They are the resources businesses use to create wealth. There are five factors of production: land, labour, capital, entrepreneurship, and knowledge. While knowledge is as old as humankind, it is only recently that it has been recognized as a factor of production. Here are some tips to help you understand the five factors of production:

Land

Labour refers to all natural resources. It comprises things found in man’s natural environment which can be used in producing goods and services. Examples include the earth itself (which forms the site where the enterprise is situated), climate, vegetation, water, and mineral deposits. The reward for land is rent.

Labour

Labour is another input of production. It refers to human efforts both mental and physical directed towards the production of goods and service. Among contemporary writers and scholars, labour is distinguished from entrepreneurship and knowledge. The reward for labour is wages or salaries.

Capital

Capital refers to all man-made productive assets used to further production. These productive assets are not wanted for their own sake (the satisfaction they yield), but because they help to produce other commodities. To better appreciate this input of production, we classify it into two forms: capital good and capital fund. The former consists of such things as tools, equipment, buildings, fixtures, means of transport, as well as raw materials in the process of manufacture, and inventory for sale. Capital fund, on the other hand, refers to money or cash that is available for investment in business enterprises. It could be in the forms of stocks, shares, loans and debentures. The reward for capital is interest.

Entrepreneurship

Entrepreneurship has been distinguished from labour, because, labourers cannot make a contribution without the entrepreneur. The labourers need to find work in order to make a contribution, and the entrepreneur makes this job available. Without the entrepreneur, all other factors of production are of little economic value. The entrepreneur identifies a business opportunity, organizes the other factors, and assumes the risks of success or failure of the business venture.

Entrepreneurship, simply put, is the exploitation of opportunities that exist within a market through the combination of other factors of production. The reward for entrepreneurship is profit.

Knowledge

We have distinguished this factor, knowledge, because it is increasingly being recognized as a vital factor of contemporary business. It is distinct from labour. It is a critical and meaningful resource in any economy. Knowledge is fluid. It can be captured, codified and transmitted. While others, cannot be completely articulated, for example, skills and competencies (tacit knowledge) can only be shard through interaction with people and the environment. Knowledge resides in the mind of the holder or knower, and when it is transmitted it becomes information.

Knowledge is a fluid mix of framed experience, values, contextual information, and expert insight that provides a framework for evaluating and incorporating new experiences and information. It originates and is applied in the minds of knower. In organizations, it often becomes embedded not only in documents or repositories but also in organizational routines, processes, practices, and norms. (Davenport & Prusak, 1998: 5)

Knowledge as the fifth factor of production is increasingly being recognized as the driver of productivity and economic growth. And it has certain unique characteristics that distinguish it from physical labour. These are:

  • Knowledge is expandable and self-generating: As an engineer or doctor gets more experience, his knowledge base will increase, and
  • Knowledge is transportable and shareable: This means that it is easily moved and shared. This transfer, however, does not prevent its use by the original holder.

It has been emphasized that knowledge resides in people’s minds, expectedly, the reward for knowledge is wages or salaries.

Knowledge, entrepreneurship, labour, capital and land has described as factors of production needed in any economic system, so as to operate effectively. The rewards for these factors were highlighted.

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