To get started with your home based business, the first requirement to activate your status is to prepare a comprehensive business plan. To encourage people to invest in your business; this is the first and foremost requirement. In fact, many investors like bankers, angel investors, venture capitalist can help you start your business and provide fund, if only you possess a good plan.To create your business plan, you don’t need any writer to develop it. All you need to keep in mind is that the plan should be realistic and focused to the subject. Additionally, you will also have to show them that you are 100% capable of accomplishing the target because you have the required talent, tools, system, workforce etc, and all the necessary arrangements in place. This particular document is not a one-time requirement to either start or expand a business, in fact you will often have to refer to it and also update it from time to time.Do you require a plan for business?
The answer to this question is no. Not all home based business entrepreneurs develop business plans. However, if you are seeking financial help from investors then you surely need a business plan to pave the road to success.However, you don’t need to produce the business plan always. For instance, if you approach a venture capitalist then you obviously need a business plan. On the other hand, if you approach a banker for loan to start your home based business, then production of the business plan is a must. Now, if you apply for a loan to expand an already established business, then the banker might skip the business plan.How to write a plan for home based business?
Before I answer this question let me explain the contents of a business plan. Your business plan should clearly state that the business has the capacity to generate enough returns for not only clearing the debts and loans but also covering the general business expenses. The plan should not be too long but a very concise write-up, just enough to put forward your ideas and convey the message across the table.1. The first part will be an “Executive Summary” that will highlight your business plan. Your writing should be convincing and worth considering, which should not be more than two pages.2. Second part is called the “Company Summary”. As the name implies, it is all about your company. In this area you will have to mention the company’s background history, ownership details and everything about the company.3. In the third section, mention about your “Products and or Services”. Here you are supposed to describe your products and or services. Moreover, you will also need to give the distinguishing features of your products or services. In other words, highlight the points that will make people consider your products and or services to be helpful.4. The fourth part will be about the current “Market Analysis”. In this section you will have to state the current market condition of your product and or services.5. The fifth part will deal with your “Strategy and Implementation”. It’s more like how you are planning to sell your product and or services in order to accomplish your targets and generate revenue.6. The sixth point is all about “Management Summary”.7. Though this is the last point but I think it is the most important one. You will have to write the “Financial Plan”. This deals with all money related matters like profits, sales, cash flow etc.These are also applicable for Internet home based business, if you need funding.
Your Home Based Business Plan
How to Find Great Live Auctions for Resale Items
Hi, my name is Walt. I’m an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I’m also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I’ve run everything from business overstock auctions to charity & special event auctions.
I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.
Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.
There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.
There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.
Can you really buy for pennies on the dollar at an auction? You bet! Many times I’ve seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.
There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.
Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don’t say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?
Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.
Here’s the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.
A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can’t make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell “as is”. They simply don’t have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.
Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.
When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.
When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It’s difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.
Do You Want to Join a Home-Based-Business Online, or Make Extra Cash Online?
Hello reader, my article is going to be about home-based-business. If you are looking to start or join a legitimate home-based-business, or make extra cash online, then I may have great opportunities for you to consider starting or joining an online home-based-business. In this article, I will briefly cover Internet Income University, Chris Farrell Membership program, Unstoppable Affiliate program, Cashcrate, SendEarnings, and ProjectPayday.
In the Internet Income University business, the co-founder, Kevin Blue, will walk you through the entire course on getting started on this business, called the F.A.S.T. Income Plan. Allow me to explain what the F.A.S.T. Income Plan is about. In the first step, [F]ast website setup, you get your own PROFESSIONAL-LIKE website installed for FREE! The ONLY things you have to pay for is hosting your website with a web hosting service (you have to choose Secure Online Hosting as your web hosting service for this to work), for a low cost monthly fee, and for a yearly hosting fee (less than $10.00, but for the first year of hosting, it is free, thanks to Kevin’s discount code). In the second step, [A]ffiliate income stream, you get your website setup to generate money from built-in income streams (programs you signed up, which have the option of referring visitors to the program for monetary gain for each refferal). You are provided a list of recommended income streams to add to your website, but other than the Internet Income University income stream, the income streams are optional. At this point, the rest of the F.A.S.T. Income Plan becomes optional. You can now start promoting your website using social websites, writing articles based on your website, and blogging, but to get extra help, continue to the third step. In the third step, [S]calable advertising, Kevin’s team of lead generators with help get your website ranked faster in the search engine, using the IIU SEO INFINITY program, for a monthly fee (the price is understandable because of the amount of work that goes into promoting your website, but if you can afford it, then go for it). In the fourth and final step, [T]raining and support, you can get help from other successful or experienced IIU (Internet Income University) members from the IIU community (it’s free to sign up). That’s it for the F.A.S.T. Income Plan, but that’s not all you can do at IIU; you can watch free training videos on marketing your website. In my opinion, this is one of the best home-based-business you can join because you get a free PROFESSIONAL-like made website (at the cost of paying monthly fees), that the only task you should concentrate on doing is promoting your website, while everything else pretty much taken care of, and as a bonus, you have the option of using the IIU SEO INFINITY program to help gain leads to your website on auto-pilot.
In the Chris Farrell Membership program, visitors will get information on starting a home-based-business on a step-by-step plan. On the website, there are A LOT of information about starting your Internet business and earning online income, including promotional tools for your website. As a bonus for checking out the website, the website ‘s founder, Chris, offers a free 26-course video to visitors who are serious about making a steady income online. The 26-video course covers a step-by-step process of getting your Internet Business up and running in a matter of hours. Remember, this course is one of the most fundamental concepts of making money online, but your success in an Internet business depends on your motivation and efforts. Chris himself will show you how easy it is to get started. In my opinion, offering free videos about starting up an Internet business WITHOUT becoming a member is a great value to potential members, BUT to access ALL content and the benefits joining the Chris Farrell Membership program, you must become a full-time member.
In the Unstoppable Affiliate program, Andrew, the program’s founder, will cover topics ranging from researching profitable niches (products) to promoting them on your website. This program will also offer a step-by-step video course on how to optimize your website based on your niche to maximize your earnings. If you want to just focus on affiliate marketing (promoting niches from other people for profits), then this course may be for you to consider joining.
Now, I will give my short reviews on Internet programs on which you can earn extra cash online.
SendEarnings: On the SendEarnings website, you have several ways of earning easy money on their website. You will get paid to take surveys, complete company offers, play fun games, complete simple tasks (ex: answering a few questions about a website, searching up a particular term, etc.), redeem your grocery coupons offered on SendEarnings, and for referring your friends or potential clients for this program. You will also be able to get cash back from popular online stores. As a bonus for signing up, you WILL get credited $5.00 to your SendEarnings account.
CashCrate: This program is a little similar to the SendEarnings program with less options to choose from, but you can earn more money completing offers and surveys than SendEarnings, though. Unlike SendEarnings, CashCreate is strong on their referral program, meaning for each membership level you achieve, your commission per referral increases by a percentage.
ProjectPayday(For US residents only): Once you get your account setup and activated, you can then try the “Fast-First Fifty” guide with Kelly to get started right away. You also get PAID $50 just for completing the Fast-First Fifty guide! Just be sure to follow the instructions CAREFULLY and then you will get paid, it’s that simple. Basically, the most common way to earn money is to “go green” either by trying out company products, or by trading “greens” with other ProjectPayday(PP) members in forums. This is a good way to earn extra income online (enough to pay for bills, everyday common items, etc). As far as PP’s referral program goes, you earn a commission of $1.00 ($2.00 if you are a VIP member) for each referral that create an account from your PP referral link.
This is pretty much all of my reviews on home-based-business or making extra cash online, but I hope to update my review list in the future, though. If you want extra information on any of the programs I discussed in my article above, just click the link to my website below. Please support my website by signing up for the programs on my website. Thank you for taking your time to read my article!