Category: Home Based Bussines

Find the Probability of Success for Any Online Home Based Business Opportunity

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Like baseball, if you miss all three, you are out.
You can not know what you do not know.
If it was indecision, there was something you could have done.
Peter Drucker defines opportunity this way:

“Opportunity in the market place is because of a process of convergence of forces that were previously not together.
The essential forces Peter Drucker did not individually identify as converging will be enumerated and discussed in this article.
This article will describe these five essential forces that must be in place for any online home based business opportunity to be successful.
They are universal, abstract, and independent of business type.

A simple analytical method to evaluate these essential elements and arrive at a numerical figure of merit will be presented.
You will arrive at a numerical rating for the relative strength for the Probability of Success (S) for any online home based business opportunity you care to evaluate.
This will remove emotion from the decision process.
All five forces must be present simultaneously.
They must all be in the right place at the right time to create a successful online home based business opportunity.
They are like the spokes in a wagon wheel.
Each factor dramatically affects the success of any online home based business opportunity.
If there is no convergence, there is nothing you can do to make the business a success.

Opportunity presents itself only when all these forces are in simultaneous alignment.
The order in which they are presented is no indication of their relative values.

This method is not buried in concrete.
When you finally establish a value, stick with it.
For example, if you decide leadership has a maximum value of 2 or 5, stick with it on any online home based business opportunity you wish to evaluate.
In this case, Leadership has been arbitrarily assigned a maximum value of 2.

1.
A viable online home based business opportunity must have very deep pockets or be owned by a company with very deep pockets, preferably a parent company that has already gone through the growth cycle and has the funds to support the new growth.
Products (D) (Maximum = 20)

Leading Edge Product Technology (Maximum = 5)

R&D

Proprietary (No other place to get it)

Competitive

Product Quality (Maximum = 5)

Quality, like Reliability, must be built into the design and process.

Product Fills a Recognizable Need (Maximum = 5)

There should be a clear need for your product or service.
There may be very little demand for 78 rpm vinyl records.

Trends (R) (Maximum = 20)

Demographic Trends (Maximum = 10)

As individuals, we can not create a demographic trend.
The “Baby Boomers” are the largest market in history.
When the first of these babies were born, a powerful demand for baby products materialized.
As these babies started shaving, Gillette started making huge profits.
As these babies began to have babies, the Mini-Van became desirable.

Economic Trends (Maximum = 10)

Individuals do not create an economic trend.
Real estate is sensitive to interest rates.
Cosmetics, on the other hand, are virtually immune to economic downtrends and would be assigned a high number.
If your online home based business opportunity is immune to economic trends assign a high number.
In an online home based business opportunity, the mantra is Timing, Timing, and Timing.
Timing, like trends, is also beyond your control.
There is nothing you can do to improve timing.
If timing is present assign a high number based upon the following criteria.
Formulation Phase: (Maximum = 20)

This is the phase where research and development are just completed.
This region is characterized by slow, deliberate growth.
It is defined as the region of the growth curve where income from sales is less than $50 million per year.
It requires forethought and knowledge.
It requires due diligence on your part to study the online home based business opportunity and arrive at your estimate of the strength of the five essential force ingredients of a successful online business venture.

B.
This is the point which will determine ” When”.
From this point onward, the curve rises ever so steeply.
If you are not on board at this time, your online home based business opportunity will quickly leave you behind.

C.
If you have exercised your desire, ability, and motivation, you have already become a participant before your online home based business opportunity reaches momentum.
There is nothing you can do to stop the momentum which is now building beneath you.
It is like a giant wave that carries you to the pinnacle of success.
For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again.
If you find your online home based business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.
Stabilization

This is the area where the exponential growth has died out.
Sales are good, but sales are not increasing exponentially.
The curve is relatively flat, and growth has slowed to a value similar to the development phase.
It is passed.
There is no online home based business opportunity.

Compensation (K) (Maximum = 20)

Leverage (Maximum = 10)

If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income.
You will get by, but you will never get ahead.
That is done by leveraging yourself.
Paul Getty stated this clearly when he said:

“I had rather have one percent of a hundred people’s efforts than 100% of my own efforts”.
g.
If you can leverage yourself, assign a number closer to 10.

Override (1)

If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.

Residual (2)

If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.

Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above).
The only thing you will do is evaluate each ingredient and assign it a strength value.
Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above.
) You have determined all the values for C, D, R, T, and K.

Add up all five of your separate evaluations.
Let M be limited to a number between zero and one with zero being the worst case and one being the best case.
Determine this multiplier number by self-evaluating your desire, ability, and motivation.
Too many people say “I don’t have the time.
Successful people do not have time—they make time.
But unto thine own self be true.
The probability for success is 100 percent.
It is no longer a question of “If”.

Get on board this online home based business opportunity fast

Use this procedure one each online home based business opportunity that you wish to evaluate and compare.

To find out more about an opportunity please check out this website: http://tinyurl.com/3hc6gmr

Explore And have Fun Cooking Lutong Bahay Recipes Online

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In the Philippines, one of the most important facets of tradition that bring families together is food. It is a customary practice for Filipinos anywhere in the world to celebrate all kinds of occasions with food, be it a momentous welcoming of a new born baby or an unfortunate loss of a loved one. Any occasion for that matter is always observed with serving of even the simplest Filipino foods, that a humble homemaker is most glad to offer to all visitors, strangers even, a gesture that is proudly Filipino which is true and genuine hospitality.

For Pinoy balikbayans or homecoming Filipinos, aside from the excitement of being in the company of family and friends once again, what they look forward to the most are the traditional Filipino or Pinoy foods which they missed and have been longing to eat while away in a foreign land. Of course by going online via Pinoy recipes online, they are also able to cook these Filipino dishes by themselves while in a foreign land. But indulging on these Filipino foods while in abroad would not be as satisfying and fulfilling than when they gulp them down in their own homeland. Especially in the provinces, the thrill of gobbling up all these Pinoy meals and delicacies with people they love can be felt during picnics and when eaten ala boodle fight. During boodle fights, long tables are prepared where the hot steamed rice, viands, usually consisting of pancit, chicken and pork adobo, grilled tilapia and pork chops, and broiled mussels are spread on top of banana leaves and are eaten by everyone with bare hands. This outdoor food experience is patterned after a military style of eating and is best enjoyed by everyone especially during the summer months of the year when fruits like the famous Philippine mangoes, watermelons and pineapples are ready for picking and harvesting.

Philippine recipes and Pinoy cuisine are characterized by a diverse influence of neighboring Asian countries like China, India and Japan as well as the countries from the West and Europe like the US, Britain, Mexico and Spain. These foreigners reached Philippine shores either by reason of trade and commerce or by colonization. Every Philippine food has its own character but almost always, there is an undeniable presence of another countrys cuisine that smudges every here and there in the best Filipino food. Like in the case of home cooked or lutong bahay recipes of mechado, picadillo and afritada, these are all Mexican and Spanish in nature. It is no joke to be colonized by Spain for three hundred years, hence, the influence in Pinoy cooking is a matter that cannot be avoided in any way. The Chinese came to the Philippines for reason of commerce long even before the Spaniards came ashore. From them, Filipinos learned cooking pancit, shanghai rolls, dumplings and such delis like hopia and tikoy.

The list can be endless as to what kinds of foods Filipinos anywhere enjoy the best. For anyone who wishes to learn about these lutong Pinoy recipes, one just needs to explore using the internet via online Philippine recipes. Websites are easily accessible and anyone who is interested in dipping his or her hands at cooking a lutong Pinoy menu or easy Filipino recipes will find that cooking them is not at all complicated. Instructions are simple and easy to understand while ingredients are most commonly found at Oriental stores if one is based in a country other than the Philippines. Otherwise, local markets proliferate with fresh seafood, meats, fruits and veggies that are all part of the Philippine cooking tradition.

Lutongbahay.com Free Filipino Food Recipes
Website: http://www.lutongbahay.com/
Lutongbahay.com is an interactive cooking portal site that highlights regional Filipino food recipes.

Online Home Based Business – You Can Be Successful

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You can be successful! Tell yourself this, because it is the first step to achieving your online home based business goals. Mindset is so important, but second to a can do attitude is the right mentor. After all, if you don’t know where to start, it’s hard to be confident.

In the world of online business there is no magic pill. If anyone tells you this, run the other way. They are not your mentor! If you want to make money online, it is very possible, and like anything else requires work. Trust me, I know this from experience. Over the years I have bought into some pretty ridiculous claims, hoping they were true while padding the pockets of liars. Sadly, there are a lot of these types out there. When I saw the write your own paycheck course, I was skeptical until I looked into it further. This course makes no wild promises, just tells you what is possible when you put their steps into action.

I would very highly recommend the write your own paycheck course. This is no nonsense, real information that if you follow exactly, will help you to earn an excellent pay online. This system has 12 different modules, or lessons that include powerpoint, video, audio, ebooks, and each module includes a homework assignment so you can practice what you learn. In all, there are 72 components that take you through millionaire mindset, list building, sales funnels, traffic getting secrets, and more. When you are finished with this course, you will feel great, but when you start earning money you will feel excellent! You can do this if I can, really.

I know that times are tough, and that it’s difficult to find true help on this topic online. There is a lot of junk out there. We are real people offering real results for real effort. There are several options on the website, including a free 9 video course, and an excellent affiliate page with opportunities to make commissions of up to 70%! I suggest doing as many of the options you can, as your chances of success are greater that way.

Believe in yourself and never give up. Just keep putting one foot in front of the other, all the most successful business people have had setbacks. If you run into a setback, rethink, replan, and get going again, it will make you stronger. I know I’ve said it already, but this system is great, and really will show you how to finally make money online from home!

How To Make Money Online From A Home Based Business – Four Common Ways

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Beginning a home based business is speedily catching up and in fact every other individual is wishing to set up a home based business. There are opportunities both to work locally off-line and internationally online. The principal advantage of a home business is that it provides juicy means to earn revenue from the comforts of ones home. So if you are ready to begin a home business then given below are a few home based business choices to begin with :-

1. Ebay.com – A nice recognized way to get money from home is by marketing and selling items on eBay. You could even promote products you have lying around the house that you are no longer using, attire your family members do not use any more, or, if you are crafty, you can sell things you have prepared yourself. Many A individuals might not be as computer literate as you are or may be they simply do not have time to make a list of their own auction goods. So you can present up your helps as an auction specialist in exchange for a small fee and a proportion of each sale, you can get images of goods other people require to list for sale on Ebay.com, post the auctions and pay attention of transporting the goods to the buyer.

2. Freelancing – If you are from an office-work background, you can get work on the Internet as a virtual helper. The nature of work can be varying, including responding to emails, taking phone calls, maintaining web sites, and many more. If you are really technical at making web sites, there is certainly a large marketplace for that as well as for graphic design. A copywriter (also known as ghostwriter) can earn income online by penning unique articles, sales letters, advertising copy or squezee page and more for online Promoters. Freelancing for newspapers and magazine publishers is also a choice for those who relish penning.

3. Event Manager – If you are someone who likes to work off-line, there are still lots of possibilities. For newcomers, you can start a home-based childcare. You can start a home business as a paid labor organizer and earn to clean out other peoples cupboards, and stores, etc. An option for those who love to control things, would be to coordinate events. These can be functions for masses, such as birthday parties and marriage ceremonies or you can organize functions for businesses such as meetings, lunch parties, and even business exhibitions.

4. Sales – Scores of people have turned to salesmanship to work from home. It is no more a choice ‘tween dishwares or cosmetics companies but nowadays you could pick out to market candles, costume, show pieces, dolls, artificial jewellery and etc. Various parties provide you to sell these items online and also in the conventional ways.

The potential of working at home are infinite. Keep searching several paths, ask lots of questions, and you would for certain find different ways to earn money from home. There are numerous options to convert your skill-sets into different paths to make money online from home. Once you fix on something to do, get out there, promote yourself and your services so that everybody knows that you are available for renting. Always remember that if you do not look for work then you surely would not find any work at all.

Start Your Errand Service With This 8 Point Checklist

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Errand service is a home based business which can be started up easily and inexpensively. This industry is becoming a fast growing multi million dollar business due to todays busy lifestyles. More and more people now rely on errand service providers to help them carry out their errands which in turn would provide them free time to enjoy more important things in their life.

The following checklist outlines the basic guidelines required to start off your errand service venture with ease.

1.Required Skills and Qualifications

You should be an outgoing person with great people skills. You should also have great organizational skills, punctuality and efficiency. Since your tasks may differ day to day and you may need to travel about a lot, you should be adaptable and flexible in any given situation. Being computer literate would be advantageous since you may have to carry out internet researches, online bookings, etc. A special training is not required to carry out a basic errand service, but if your service includes complex tasks such as event planning, vacation planning, etc. it is recommended that you obtain some specialized training from an established errand service provider.

2.Essential Equipment and Supplies

Depending on the type of service you wish to offer the required resources would vary. But to get your business off to a flourishing start you would require these basic equipments and supplies: a dependable computer, a printer, an internet connection, software programs for accounts and contact management, a phone line with voice mail, a fax machine, a cellular phone, office supplies and stationary and if your services includes transportation a vehicle would also be required.

3.Target Market

The target market in this industry consists of three main groups. The first group contains the busy working people. Since they do not have time to carry out their errands, they prefer to pay someone else to perform it for them. Corporations would fall into the second group. They would either hire errand service providers to carry out mundane tasks on behalf of their business or would hire errand services on behalf of their employees as a benefit or an incentive for them. The third group consists of people who need help to carry out their errands due to sickness, disability, old age or the arrival of a new baby. You should select to which group/s you would cater your services to depending on the skills and resources you posses.

4.Type of Errands

As an errand service provider your errands can be categorized into two main groups. The first would be the simple errands. These types of errands do not require any special type of training. For example grocery shopping, utility bill payments, house sitting, laundry pick up/delivery, etc. The second group consists of more complex tasks which would require you to be computer literate. Furthermore you may even need to obtain some specialized training. Tasks such as meeting and event planning, travel and vacation planning, appointment and scheduling management, etc would fall under this group. Depending on the skills, experience, training, resources, time and effort you posses, you should decide on the type of errands which you would undertake on behalf of your clients.

5.Creation of the Business Plan

No matter how small your business is, it is always recommended that you create a business plan for your venture. This will enable you to always be focused on the services you are providing as well as manage the growth of your business. In this you should state details such as the description of your company and the ownership, the service you provide, information regarding the industry, target market, expected growth, financial plan, etc.

6.Legal Requirements and Insurance

The legal requirements in establishing your venture would vary from state to state. So it is advisable that you consult an attorney in order to understand the exact legal requirements involved. You may also need to visit the town clerks office and your states Department of Revenue to obtain assistance with the paper work and licenses which are required prior to setting up your business. Another important step would be to obtain business insurance for your venture. This is extremely valuable when running an errand service business because of the high amount of liability involved.

7.Fixing the Correct Price

As an errand service provider you would be charging your clients on an hourly basis or by the type of service provided. Generally errand service providers charge their clients around USD $25 to USD $125 per hour. If you are servicing regular customers who hire your services on a standard basis then you can even offer them a membership where they would pay you an annual fee for a certain number of requests for each month. Generally these annual fees might start at around USD $1,000 to USD $1,500. For corporations the membership fees could vary due to the size of the company, number of employees and how many requests each employee is allowed. It is always better to check out the competitive rates in the market before deciding on your price.

8.Marketing Your Service

It is vital that you market your services in order to attract clients. Networking is a cheap but effective way of promoting your business. The people you meet would be direct referrals to your business or even become your clients. You can also advertise on local papers, magazines and business journals or even get listed in the Yellow Pages. Another easy and cheaper way of spreading the word is by utilizing flyers, brochures, posters, emails and sales letters. Having your own website would be an added benefit since this would enable thousands of people to find out about the service you offer.

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