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START YOUR OWN BUSINESS

2010-01-20T23:56:00.000+01:00

How to Start Your Own Business Without Money

from wikiHow - The How to Manual That You Can Edit

Creating and sustaining your own business is still the surest way to wealth. It is by far the more difficult route to take, but many have succeeded. There is a fallacy mindset that you need money in order to start a business. The purpose of this article is to challenge that mindset. Possessing the right knowledge and having perseverance and dedication is more important. Being prepared to fail a few times is also vital to your ultimate success.

Steps

'Grow' some passion and determination. Determination is the separating factor. Passion drives determination. Find some areas you are passionate about and grow your skills in those areas through studies, training courses and the practical application of knowledge and skill. Find ways to make money out of your passion rather than resorting to making the niche that makes you money your passion.
Be prepared to reinvent yourself. Flexibility is also a great asset as you may have to ‘reinvent’ yourself a few times to find the right slant to tackle the niche you have chosen to operate in. Be prepared to give up one niche for another in the short term, moving with the times and changes in the economic climate and consumer demand.
Conduct a few tests run on your ideas to evolve them. Preparation and planning is vital before setting out on any venture. Business plans are evolving documents. Draft one and then ignore it for one year. Compare the practical rolling out of your business venture with your original business plan, and then refine the plan again. Work on this at least once a year going forward. Favour the least expensive idea over the cost-heavy one.
Start your business whilst still employed. 90% of entrepreneurs started off as employees in some or another capacity prior to venturing out on their own. Firstly, never sign an employment contract containing a restraint of trade. Then, once you have adequate knowledge and experience, the ideal is to make the transition from a full time employee to a consultant, still in the same industry or even better, within the same Company. Slowly set yourself free from your familiar working environment in this manner. This allows you a soft landing, which is good for your mind and emotions and also gives you opportunity to have more flexibility of time in order to grow business opportunities and test business ideas without impacting your pocket too adversely within the first vital year of trade.
Find opportunities to build skills you require to succeed in the area you intend operating in, with as little cost as possible. Find ways to make lucrative deals with training institutions or Companies to have them pay for your training in exchange for services rendered. We live in a results-driven society.
Remember that the customer is most important. Always understand what the customer wants. Derive the best way to satisfy those wants. The main focus of any business is customer satisfaction. (secondary focus should then be quality, cost/profit, apperance, function of product/service, ect...)
Let your creativity replace your money. Get back to basics. Leverage and minimize the need for cash and aggressively increase sales activity through developing and implementing creative ideas and concepts. Always think big. Take massive action towards your goals and persist until you succeed.
Remember you are your best employee. Keep it small and cost free in the beginning. Be loathe and hesitant to employ people, unless you are guaranteed of their return on investment. If this is a grey area, rather don’t do it. Salaries are usually the greatest management expense in any business. You want to keep these costs as low as possible, in the beginning and throughout the life cycle of your business.
Involve your family in your business (wife, husband and children). Give them joined ownership of the success of your business. Many large Corporations have been in family generations for years. At the very least, entrepreneurs who started these great Companies have, in their children, totally dedicated Company leaders who can be entrusted with anything. Make sure your family agrees what you are planning to do. This is because you will use the family resources, the time, the money, the health, the nerves. After becoming the boss in your business you may soon become bossy in your family too. To avoid jeopardizing your family-life, discuss the business rules with your family and stick to the agreed plans. After all it still may be fun to run a family business, but things can go terribly bad, if you divorce yourself from your family-life.
Try to avoid Partnerships. Few were made in heaven. Most were born in hell. Rather make people ‘partners’ in various aspects, but never sign anything on a dotted line in this regard. Be careful when using the term ‘partner’ with business associates, as the legal concept of promissory estoppels (the spoken word superseding a written contract) might bite you at a later stage, especially if you start making money.
If you have a home, this is where your first office has to be. Write off a part of your home to ‘rental’ in your books, and pay this money into your bond, if you have one. The reason for suggesting this is obvious.
Build your ability to barter. When all else fails, negotiate. This is often the dividing line between a full time employee of a Company and an entrepreneur. In some countries, you have to negotiate a price for virtually anything. Try visiting one of those countries for a while to get some fun practice in. This is a skill you need to build as it requires strategic know-how and confidence. Take risks (but protect your legal rights) and you may be pleasantly surprised at the outcome.
Give discounts and offer better value for money than competitors. Money talks. Consumers want value for money and abhor the idea of being ‘ripped off’. Make good on your promises and never be tempted to engage in false advertising as it will ruin your and your business’ reputation in no time. Ensure your profit margins are protected when deciding on this aspect.
Make up for the absence of money with hard work. If you enjoy what you do, investing long hours in your business will often feel like ‘fun’ and you will do it willingly. If you are forced to do something you don’t enjoy too much to bring in income (only allow this for short term spurts) and are required to spend excess time doing it; ensure you carefully manage your stress levels. You may experience burnout before you start making real money or get anywhere in the ventures you are truly passionate about. This is a sure path back to becoming a paid employee all over again.
Know your rights. Having sound knowledge of Commercial Law, especially the Law of Contract and your Countries’ Legislative requirements in as far as business owners are concerned is important to succeed as an entrepreneur. Seeking Legal Counsel for every small aspect concerning the law will bankrupt you in no time. Rather build this skill and knowledge as far as you can before you begin forking out money to pay for it.
Look after your physical, mental and emotional state. If you lose your health, you lose it all. A healthy body, mind and soul (emotions included) are vital to success as a business owner. Try and get some income protector insurance in place as a self-employed person cannot afford to lose income to this possibility. Your gym fee is an important monthly expense and don’t be tempted to compromise on that when finances become tight. Keep grounded in your faith as you will need strength of spirit to survive the ‘jungle’ out there.
Get the balance right. Live life within balance. Even when you are starting out a business without a cent in the bank. Losing your balance and perspective in life will make you poorer in the long run and is never a risk worth taking. Never miss a night’s sleep, take drugs to aid your performance ability or meddle with your regular healthy eating and exercise plans. This will break you down and cause you to make irrational, emotional decisions which are never a good thing in business.

Tips

Try and avoid borrowing money, wherever possible. Cash is King. Keep it that way. If you don’t have money, don’t spend it and don’t take on large operating expenses ‘in faith’ at any stage.
Try and avoid committing to long term contracts, like leases or fixed employment contracts for employees in the beginning. As you are uncertain as to how things will pan out in the first year of operating in particular (the experimentation phase), making major commitments of this nature is plain foolishness. Just don’t do it.
Don’t flippantly share your business ideas with others. Ever had a fantastic business idea stolen? If you have, you will unlikely be so foolish again. The betrayal element could destroy your confidence entirely. Prevention is better than cure in this instance.

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Wordpress and Blogger, Which is better?

2009-12-31T15:44:00.001+01:00

Many beginner bloggers have actually asked this question of which is better between wordpress and blogger. There are many websites that host blogs but Wordpress and Blogger are the best and most popular amongst them all but which is better between this two? While there are different opinions to this, it’s no doubt that wordpress is more sophisticated than blogger but I do prefer blogger to wordpress. Though both of them made it easy to build a blog, blogger is much easier for beginners than wordpress. Blogger.com provides a very easy way to monetize your blog. Because blogger.com is being owned and managed by Google Inc, they have made it quite easy to monetize your blog through Google Adsense programs and through third party affiliate programs like Amazon. Also, you can start popularizing your blog by easily submitting your blog to major search engines like Google, Ask.com, technoratti, and yahoo.
As you advance, you may actually want to think that wordpress is better. Wordpress actually has better sophisticated and modernized themes that blogger. Also wordpress provides you the opportunity to host your blog on any server you want with wordpress.org
Another advantage of blogger is that you can edit your HTML codes and save your changes thereby customizing your blog any time. This is not so in wordpress.com, the hosted version of wordpress, you have to pay to upgrade your membership before you can do that. I personally think that blogger is better for the beginners and blogger also has some advance and unique features you can play with.
You can play with both of them to know what you really want and prefer.

How I started Blogging

2009-12-31T15:21:00.000+01:00

Right from the time I got exposed to the internet, I have always been looking for a quick way to make money online. At that time, around 2004, High yield investment programs (HYIP) where very popular. You know the kind, as in drop some money and get 400% return in 2 days and so on. I tried investing in some of them and I regret in most of them. It seems it wasn’t really working. I got discouraged that I may probably never make any money on the internet since most of them are scams and a good one hard to find. At that time I never knew about blogging. I even went into forex trading for a while but you know, the risk is quite high. In 2007, I was introduced to blogging when I stumbled upon a blog article about blogging. I don’t know how
it all started but it lighted a touch in me. I had much believed in it because this time, instead of giving my money to some people or company to work for me, I will actually be working for myself.
There is something about blogging that may scare you, it may not start paying off immediately, but It does really pay off. Nothing good really comes easily, it requires dedication and sustained effort. I am starting to make money too on my blog and its fun.
I hope my story does make sense to you, I mean instead of looking for a quick-earn system that works, why not save the time to create a blog with a good niche and rich content and you may actually start earning something more that you think. Read my other article on the stages required to Blogging for money.

Google Adsense

2009-12-20T23:14:00.001+01:00

What is Google Adsense? You may have been wondering what google Adsense is and how it works. Think of it as this: Google place some ad links on your website or blog and each time someone enters your website and clicks on this links, you get paid by Google. So the more the click, the more your earnings and bla bla bla. It is really beautiful. That means there is a need to build a blog or website that people will find a need for.
Do you own a blog or a website, then register for the Google Adsense program. It’s real and genuine. Google ad sense is the cheapest and fastest way to make millions from Google through your website without stress. This is quite simple isn't it? So the more people viewing your site, the more the clicks you get and hence the more money you make. You can earn as high as $10,000 monthly but it all starts from something. Give your website or blog some time and you could earn more than you ever imagine.

Click here to learn other ways in which you can make money from your blog or website.
Other ways to make money through your website or blog are: Google Adwords, Referral programs, affiliates adverts and so on.

A Blog and a Website; what are the differences?

2009-12-20T23:09:00.001+01:00

You may have been wondering what differences exist between a blog and a website. I have once asked myself this question too. But the differences are clear and simple. While there exists similarities between a blog and a website, the differences between them is very elaborate. A blog is very much dependent on the individual that keeps it. It could be the experiences of a person’s life or their views and opinions over what they see on the web and around them. A blog can be used to recommend books, music, and links to other sites on the World Wide Web. A blog can be used as a tool to share ones view or protest against government and so on. The role of the blog is probably best expressed by Stefan Glanzer, one of the founders of blogging system: 'If you want to reach millions you book an ad on TV and if you want to reach one person you use e-mail or the telephone. But if you want to reach between 5 and 500 people a blog is the ideal tool to communicate.'

While there are no rules to blogging, bloggers could actually blog on whatever topic they like and so forth.

One major difference however, in a website and a blog is that while a website seems to be more of an official thing, blogs can be very unofficial. Blogs are more flexible in thoughts and in the making than a website. Blogs are easier to build and has hence become very popular nowadays with many unique blogs here and there.

TEN DIFFERENT WAYS YOU CAN EARN MONEY ONLINE

2009-12-17T19:00:00.004+01:00

Image via Wikipedia

Over the month, I discovered through my personal survey that many people spend a lot of time looking for quick-earn investment chances, making limitless searches without specific directions thereby spending most of their time looking and yet no reasonable progress being made; below are some areas i thing you can narrow down your searches to towards earning income online.

Set up your own blog or website: setting up your own blog opens many doors to earn money online. It is one of the most lucrative ways of earning money online. You can decide to start your own blog business today. Though it requires time and effort, the end always justify the means.

Web design business: Website designing is a very lucrative job now a-days. Many people are going into online business, corporate marketing etc and hereby needs a website or a blog to show case their goods, services or products description and so on. Most websites for cooperate for corporate organizations could go for over $1000 and it takes just few hours to complete. The little percentage of web designers we have are probably overbooked and most of them have turned overnight millionaires. There is a wide range of opportunities in web design business as you can start receiving contract from trusted companies today.

Affiliate marketing: One of the very lucrative business via the internet is affiliate marketing. You can invest your energy in it and earn large income. Though it requires time to build your own income through sustained effort, you can consequently earn very big amount of money from it. There are many companies offering affiliate programs online but there are few trusted ones. Get started today. Some recommended affiliate companies are SFI marketing, and Click Bank.

Selling pictures online: Are you a very good photographer? This is one way of making money over the internet that has not really being explored. If you are a photographer, you can earn by selling your pictures to companies online. There are many companies who are willing to pay you.

Writing Articles online. This is one way of making money that can earn you substantial income. Writing online articles have become a very successful internet home business opportunity. There are over a hundred and one companies who can contract you and pay you well to write for them. You can write articles, books, stories, blog topics, etc. So start writing and start earning.

Get paid proofreading/Editing: There are many proof reading jobs over the internet. There are companies or individuals who want to edit their articles, textbooks, projects, novels, stories etc. want their projects to be free from errors or mistakes; they then contract editors or proofreaders. You can get paid over $20 per hour.

Make money as a graphics designer: You can get paid to design jobs online or sell your graphic design online.

Data-Entry Jobs: This is another area you can make cool cash from. The opportunities are enormous. You will only get to input data into spreadsheet applications and the likes. This is another work-from-home kind of job.

Online surveys: there are many companies who pay people to take surveys for them. Surveys can be ways of letting companies know about how you feel about their company and so on. So you are actually getting paid for your opinion.

Get Employed. You can also get employed online. Instead of roaming about on the internet, you can also work for companies from home and get paid. You can get employed in as many companies as you want since most of them are part-time jobs. The only thing is that you have to be qualified for the job with the right qualifications.

Check this Out

555 Ways to Earn Extra Money

Earning Money Without a Job

REASONS YOU ARE NOT MAKING MONEY ON THE INTERNET

2009-12-17T18:44:00.004+01:00

There are quite a number of reasons you are not making money online.
Despite the wide ranges of making money over the internet, many people still don’t seem to be making a dime. There are reasons of course, and they are not farfetched.

Lack of Focus: this is one vital reason that many people are not making a dime on the internet. There are so many companies that are offering exciting packages, most of which are scams. Don’t get carried away by them or less you will realize that after spending so much time on them, you have actually achieved nothing. I urge you to stay focused; know what you want and go for it.

Jack of all trade: I have seen a lot of people, some of my friends too, start something this moment and in the next moment, they are off doing something else. This is not the characteristic of a good business man. You may want to try and earn from all the companies or programs that provides earning opportunities, but if you are not careful you may end up not earning anything from all of them after all. Don’t be in a hurry to do everything, take a step at a time so don’t end up being a jack of a trade and master of none.

Be patient and not a patient: Many people want to start earning immediately they start a business but the fact is, anything worthwhile takes sustained effort. We always say that if you’re not willing to give a business at least a year, don’t even bother getting involved. You must understand: It takes time to get to know all the nuances of a business. It takes time to get to know the products. It takes time to develop a game plan. It takes time to figure out what marketing activities will work best for you.

So Take your time and before you know it all the bucks will start rolling in.

Earning big from Affilliate Marketing

2009-12-16T10:31:00.001+01:00

Do you know that one of the biggest means of earning big time online is through Affiliate?

It’s like online marketing whereby you market other people’s product and you get a commission for every product sold through you or through other affiliates assigned to you and perhaps through your referrals. You can really earn big by just working from home. Affiliate programs are not a get-rich-quick kind of hype investments. It is more like starting your own business in your local environment whereby you lay down the structure, advertise it so that people get aware of the goods and services that your company renders and every dollar starts rolling in.

Network Marketing is BOOMING on the Web. Another advantage of Affiliate programs is that you can continue to earn till eternity as long as you have a network of other referral that are under you. For every product sold through them, you get a commission too. Are you looking for a sure system? This system really works. There are many company that offers affiliate programs on the internet but there is this particular one am using and it has been tested and trusted. You can Sign up now for top-rated Affiliate Program with SFI Marketing Group (SFI). It is the number 1 Internet affiliate program for 5 straight years and is also the top rated work from home business opportunity! Join free and try this reputable work at home business opportunity for yourself right now.

How to setup a successful blog business

2009-10-17T10:49:00.002+01:00

There are four easy steps you need to follow to build a successful blog or website
1:Create
2:Publish
3:Build traffic
4:Monetize

Creating your website:

Firstly you need to have an idea of what you want to do. Get a niche or a topic that you can explore. Create a topic that people can benefit or learn from. The content of your blog matters a lot. If you have a blog where people can learn from or on something people can’t do without, you will get a massive crowd and that is more money for you. You blog could actually be a way to let people know about what you do or a way to educate the public on what you know and they don’t. you could create an Mp3 blog and so on. Your objective is to get people to view your site so start thinking, start planning, and start writing. It doesn’t matter where you start from…. Just start something and you are on the way.
There are actually some website that lets you easily create your blog. Blogger.com and wordpress.com are very popular and they quickly setup your blog for you free with nice themes. You can register with any of them for free.

Publish your articles.
After getting yourself registered with any of these sites… they will expose you to different themes and designs which you will have to choose one and then they get your blog created for you. Just follow the process, am sure you wont have a problem with that. Then publish your articles, organize your site, add pictures, make it look attractive. You will be surprised to see what you can do. that’s not all but you are almost there.

Build traffic
What you will have succeeded in doing up to the second step is building. Now you have to get people to view your site. Its like advertising your company to the public. Nobody will just type in your website address just like that except yourself. While there are more to building traffic, you can start by submitting your site to major search engines like Google, Yahoo, etc. By so doing anybody who searches for information that are in your site, can have a link to it from such search engines. You can also advertise your site and so on. Meanwhile get started by first submitting your site to search engines. And you polish on that later. A site like blogger.com helps you submit your site to some search engines easily. After you’ve done this, give it some time and before you know it people will start to know your site and your traffic will build from tens of people to hundreds… thousands etc.

Monetize
After doing all this, you need to start earning from your site and you can do that in many ways. One of the most popular ways is the Google Adsense program. Register for the Google Adsense program. Its real and genuine.Google ad sense is the cheapest and fastest way to make millions from Google from your website without stress. This is the way it works: if you register for the program Google will place some ads on your blog or website and they pay you per click. So the more people viewing your site, the more the clicks you get and hence the more money you make. You can earn as high as $10,000 monthly but it all starts from something. Give your website time and you could earn more than you ever imagine.
Other ways to make money through your website or blog are: Google Adwords, Referral programs, affiliates, adverts and so on. We will be exploring that later on.
Meanwhile good luck.

HOW DO I MAKE MONEY ONLINE?

2009-10-17T10:39:00.000+01:00

Many individuals have asked themselves about this and are beginning to doubt the possibilities of making money online. Its not the time for you to get tired nor the time for you to throw in the tower. If you are sleeping You’ve got to wake up and give a trial on this one. Instead of roaming about different websites looking for a quick earn strategy, why not use that time to create something for yourself. You can start an internet business for yourself and be successful with it .All you need is a cup of tea, an open mind and some elements of patience to read this article.
While there are various method of making money online, I will recommend you start with making your own website or blog. Doing that is like you setting up your own company. You can make a lot of money from your blog or website depending on what traffic you have. It depends on what you think of it but you better think it as a business, take it serious and start earning big time with your website or blog.

Want to get rich quick?

2009-10-12T11:30:00.001+01:00

Just before you consider making that bold step, i'll advice you to take some time to read through this article.Except you deliberately want to risk your money, you will find it advantageous to take your time before making that decision.If you must get experienced, why not get an experience from me rather than from your mistake. I, like many others out there, have been bitten once, hence twice shy.But unlike many, i decided to notify you and many people out there so you dont fall into the same trap. If you would like to know I, like many others too, have spent many of my time, for about two years now, trying to make quick money.Often times i end up regretting. Do not believe in most of the "get rich quick" plans offered here and there by many of these websites you see around as most of them are scams. Aside wasting time, they rip you off your hard earned money just within the blink of an eye. ...But there are infact real and genuine ways to make money on the internet which i will like to explain to you. Take your time to explore this site as there are yet many things you need to know. You can even bookmark this page as I will be continually posting exciting topics to get you informed.