Small Business Paths

You have a lot of possibilities, and by looking online and figuring out which opportunities best fit your goals, you may identify the greatest ones.

Anyone who wants to earn money from home most likely wants to do so without having to invest any initial funds. This is particularly true in the modern era due to the numerous online schemes that promise instant riches. The most crucial thing you can do to stay away from these scams is to never pay for anything in advance. As a general guideline, you should just pass on that opportunity if you are being charged a set-up cost. There aren’t many genuine ways to make money that genuinely demand that you pay a setup fee before you can begin. Usually, all of the upfront cash you will need, comes from the guidelines from  the company.

What is the best business for you? Find out here: SMALL BUSINESS PATHS

There are several methods for earning money from home. One excellent option to earn money from home without incurring any upfront expenses is to complete surveys. Despite the fact that there are legitimate survey companies, there are also a lot of scammers. Once more, these scammers will attempt to obtain your money in advance. You only need to look online to find a company that will allow you to start for free, rather than just paying the charge.

Working as an independent contractor is another fantastic method to earn money from home for nothing. This implies that you will market your services to businesses worldwide without ever working for them on a full-time basis. Being a contractor has the excellent advantage of allowing you to market your services regardless of your skill set. Jobs in the writing, computing, sales/marketing, and administrative sectors are the most sought-after. You can work as an independent contractor in any field that interests you, even though these are the most popular ones.

Many people are interested in earning money from home without having to spend startup expenses. You have a lot of possibilities, and by looking online and figuring out which opportunities best fit your goals, you may identify the greatest ones.

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Watch the video below on IDEAL LENGTHS FOR BUSINESS CONTENT:

You might not have come across some of the wilder money-making ideas that comes out of brainstorming sessions of mine and others.  The crazy money-making ideas you find; For example, we have cabin rentals in the air and more…

Check out these proven money-making plans: MAKE MONEY HERE

Occasionally if you come up with a money-making idea, it can be used right away. Just let your imagination run wild and try not to be practical. You get your creativity going this way. But no matter how your crazy money-making ideas may seem, there is usually a way to bring them into the real world. This first example explains it.

Here are some more money-making ideas: MONEY MAKING

RENTAL CABINS IN THE AIR

I started with this crazy thought: “What if people could rent a cabin up in the sky for the weekend?” Right away my mind tries to make sense of the idea, and because the over-all goal is to have profitable creations, it looks for ways to make it into a money-making idea. At first thought, I imagined there were cabins which are suspended under large hot-air or helium balloons.

As much fun as it might be, this didn’t seem very practical. When I explored the idea further, though, I wondered if existing balloon-ride businesses could tap into other markets. If, for example, the gondolas were outfitted properly, and the balloons tethered, so they could be allowed to float two thousand feet overhead, would meditators then pay for a peaceful meditation retreat in the sky?

Another thought came to mind. Balloons could be high in the air, but easily cranked back in on a line. This might be simpler and cheaper than traditional rides, which involve chase vehicles and unpredictable landings. Perhaps this could be another way to make money with the balloons, charging a lower rate for simple up and down rides, and so getting new customers that couldn’t afford the usual rides.

Check out how to make money with BALLOONS: MONEY IN BALLOONS

This is how a crazy idea comes back to earth. Perhaps even the “weekend cabin in the sky” idea could someday be a money making idea, but if not, that’s okay. The point here is to get the creative flow going, and then find more practical ways to channel the output.

Here’s Some More Crazy Money Making Ideas.

The following come from pure imagination. I will leave it to you to find a way to make these into potential money-making ideas. So; good luck and enjoy!

– Put seats on the wings of an airplane and sell rides to thrill seekers.

– Sell advertising scratched out on the face of the moon.

– Rent out the animals at the zoo.

– Start an underwater school.

– Make a roller coaster course people pay to take their personal cars on.

– Sell pets genetically engineered to die young, for those who hate long-term commitments.

– Rent out children to undecided prospective parents.

– Have marriage insurance policies that cover the cost of a divorce, just in case.

– Have a swimming pool restaurant; diners sit in floating seats and eat off floating plates. (Of the crazy money-making ideas, this one shows some similar businesses already working, such as in Acapulco, Mexico.)

Scan the list and stop on any of the crazy ideas that catch your attention. Chances are good that you can find some way to transform it into a more practical idea, and that is the point. This exercise in imagination may be fun, but it is also a profitable technique for generating money-making ideas.

Good luck with YOUR Crazy money-making ideas for your business!

Jim Young, Small Business Paths

Find out about other home-based businesses by checking our website: SMALL BUSINESS PATHS.

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Look below for the video: TIPS FOR SUPER-ORGANIZED SMALL BUSINESS

Find out about other home-based businesses by checking our website: SMALL BUSINESS PATHS.

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SODA MACHINES ARE THE BEST MONEY-MAKING MACHINES FOR THE VENDING MACHINE BUSINESS.

One of the easiest ways to make money in the vending machine business are with Soda vending machines. In order to succeed with this, you will need to offer a variety of beverages, like soda, juice and bottled water. It would be best if you also had them placed in strategic locations. The location is the key to making money with vending machines, no matter what type of machines you have. You can get the soda vending machines you want for your business in several ways.

Soda bottling companies often provide the soda vending machines free of charge. However, you do have to sign a contract saying that you will only purchase the supplies for the beverage vending machine from this company, which can cut down on your profits. When you buy from the company, you will receive discounts, such as one free case of soda for every ten cases that you buy. The downside to buying all the sodas and other beverages from the company is that you will pay full price for the supplies.

Buying a used soda vending machine is one way that you can realize higher profits. You can save up to 50% of the cost of the machine when you buy used. Most times the vending machine distributors have refurbished soda vending machines at a much lower cost than that of new machines for your vending machine business. When you own the beverage vending machine yourself, you can purchase your products wherever you want. This allows you to take advantage of sales offered from various wholesalers and quite often you can get the soda you need at the supermarket for less than wholesale price. When you restock your used soda machine in this manner, you will have higher profits.

At one time, schools were strategic locations for soda vending machines. With the laws now in force banning these vending machines from schools, you may have to rethink the type of products that you want to sell through your beverage vending machine business. Soda is not the only beverage and in schools there is a great need for beverages such as fruit juice, milk and bottled water. Converting your used soda vending machines to handle these products will still keep you in business.

Here are many proven ways to making money as an entrepreneur>>>MAKE MONEY.

Airports, shopping malls and other strategic locations where there is high people traffic are prime places for soda vending machines. Often when out shopping, people want a cool refreshing drink and they don’t want to go into a restaurant and sit down. With the beverage vending machine, you will find that at certain times of the year, business is better than others. In the Vending Machine Business, summer is the time when cold soda sells best from the soda vending machines, so you do have to be prepared for a slow down in business when winter arrives.

To your success!

Jim Young, Small Business Paths

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Find out about other home-based businesses by checking our website: SMALL BUSINESS PATHS.

YOUR BUSINESS PLAN VIDEO:

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Would you like to know what the common thread is that pulls together all successful entrepreneurs and business people. Mega companies that launched the likes of Microsoft, Intel, Hershey, JP Morgan, Amazon, Nike and others all used this single trait.  Business schools don’t teach money making ideas like this, because they focus on subjects like accounting, marketing, and management which really doesn’t focus on what you’re selling or how you’re selling it.

Here are many proven ways to making money as an entrepreneur>>>MAKE MONEY

SO LET’S GET STARTED WITH MONEY MAKING TODAY!

That is actually all there is to it! It’s laughable at first, but the more you think about it, the more it makes sense. It’s the missing “million dollar” idea, hiding in plain sight. We hear variations of this all the time: A journey of a thousand miles begins with a single step.

Think back to your first writing classes in school. How were we taught to write a paper? First we start with a basic outline – that’s our money-making idea, whatever it may be. Next, we make a rough draft – that’s right, we start working on something that we know for a fact will be imperfect. Finally, we use our rough-draft as a basis to begin revisions, eventually ending up with a final draft, the “perfect” version.

Making a plan for tomorrow is a sound business strategy. It’s good to spend time thinking about the future, and how to handle the challenges it will bring. But, if we want to succeed, we must create the future by taking action today. We can’t possibly predict everything that might happen once we start doing business. Microsoft started out selling programming software. After a few years, an opportunity presented itself to sell a computer Operating System to IBM, and they took it. The result was MS-DOS (which they didn’t even create themselves, they bought it from someone else when they saw how much money they could make!), followed by Windows; quite possibly one of the most lucrative products ever. If Bill Gates and Paul Allen, the founders of Microsoft, had sat on the sidelines of the growing computer industry thinking “Programming software is an OK idea, but it’s not perfect, there isn’t a big enough market for it…we need something better”, would they be where they are today? Would IBM have given them that golden opportunity? Not likely.

Did Michelangelo’s sculpture of David emerge from a single tap of a chisel upon a block of marble? No, it took Michelangelo over 3 years of effort to release his masterpiece from the stone, one tiny chip of marble at a time. It probably wasn’t very pretty after only 1 month, or even a year. But years of careful improvement it resulted in a classic work of art.

I hope I’ve made my point. Do something. Do anything! If you do something, money making and the result isn’t what you wanted, what’s the worst that could happen? You either have something to improve upon, or you have a very good idea of an approach that doesn’t work (think of it as addition by subtraction…the process of elimination). Either way, you’re one step closer to success than you were before you started.

Go for it! Give it a shot! Your financial success is waiting for you, go and get it! Get Started Today!

To your success!

Jim Young, Small Business Paths

(NOTE: The above paragraphs have some links to AMAZON and as an AMAZON Associate I earn from qualifying purchases.)

Find out about other home-based businesses by checking our website: SMALL BUSINESS PATHS.

TWELVE HABITS OF SUCCESSFUL SMALL BUSINESS OWNERS VIDEO:

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The Facts About Multi-Level-Marketing (MLM) As A Home-Based Businesses

Some of the things for a successful home based MLM business should be firstly; you will need a reliable computer, and have a high-speed internet connection such as cable.  You should have a big desire to be successful in this business. Many others have.  

Many companies involved in network marketing MLM have major money learning the ropes of network marketing and have slowly become proficient at it and are now seeking others to help their business continue to grow. Some may cite noble reasons to wanting to share their methods and a few may simply say they want to grow bigger and make more money and need your help to do so, but the bottom line is their methods have been proven to work and if you follow their lead, you can be successful as well.

MLM home-based businesses are an excellent source of extra income as long as the facts of such businesses are known. In addition, there are certain aspects the MLM home-based business owner or the member of this type of business needs to examine from time to time. The MLM home-based business owner or the team member should initially examine the MLM home-based business statistics available on the internet as well to gain a better understanding of this type of business.

For the Beginner’s Guide To Multi-Level Marketing, check here: MLM (This link goes to AMAZON, and as an Amazon Associate I earn from qualifying purchases).

The following is a detailed examination of those evaluation aspects concerning a MLM home-based business:

1. Denial- Most of the people involved with MLM home-based businesses lose money. This is a simple fact. If a team member or owner is spending more money than their producing on the MLM home-based business, the venture is a failure. This evaluation aspect takes into account that there are advertising, start-up, and other expenses as well.

2. Line Duplication- Certain members of an upline have success placing an internet wanted ad for distributors. This particular action cannot be duplicated in that it would not be effective for the entire MLM home-based business team to perform the same action.

3. Numbers- Most MLM home-based business owners or members don’t closely look at the numbers of their businesses. Pay particular attention to the various parts of the MLM home-based business (i.e. time value, sponsorship, downline members, etc.).

4. Run it like a Ministry- Some people that run MLM home-based businesses believe their products depends on the world’s survival. This is an excellent mindset to possess for a MLM home-based business.

All of these evaluation aspects must be positively confirmed to have the success and profits for a MLM home-based business. There are many MLM home-based business opportunities on the internet and in paper publications as well. An interested person should carefully research a chosen MLM home-based business, and apply these evaluation aspects to it after a time experiencing the MLM home-based business. Additionally, the interested person should find the MLM home-based business that allows personal time investment, instead of large amounts of money for the venture. Essentially, a MLM home-based business idea that requires a person to utilize free time as capital along with a small monetary investment is a venture that’s less risky but has lots of potential for providing generous earnings

Find out about other home-based businesses by checking our website: SMALL BUSINESS PATHS.

Check this video out: BUSINESS MANAGEMENT, PHASE OF SIX SIGMA.

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One way to make a lot of money with a work-at-home-based business opportunity would be to supply customers with products or services that they actually need. The internet is not the only place to look for home-based business opportunities. You can network with people or subscribe to magazines that feature business opportunities.  There are many books or courses on the subject. Check this popular source out>>>BUSINESS OPPORTUNITIES.

You can get started for a relatively small investment. You can operate your business out of your garage, a spare room or basement. You can reduce costs and make more money initially by running the business yourself. There are actually quite a few home-based business opportunities available. Check out my website>>>>SMALL BUSINESS PATHS.

The internet though, is a great place to search for a business opportunity that you can work at home. You will find that many companies are always looking for home workers because it saves them time and money in setting up offices. Maybe you have a flair for creative writing. (This is an AMAZON link and as Amazon Associate I earn from qualifying purchases.) There are companies with work-at-home-based business opportunities looking for people to write articles for them, create advertising slogans or even write brief descriptions of items they sell in a catalog.  Keeping their books is a popular way to work at home.

The need of the working population for sewing skills gives rise to many work at home based business opportunities. Do you like to sew? Doing alterations on clothing or making clothing are fantastic opportunities for a skilled seamstress to find a business opportunity at home. If you like this type of work, then chances are you already have a sewing machine and all you need to do is advertise your business in places where people will see and remember your name. Check this book out for sewing as a business>>>>>SEWING. (This is an AMAZON link and as Amazon Associate I earn from qualifying purchases.)

Do you enjoy baking? This is one example of work-at-home-based business opportunities where you can have customers flocking to your door. Baking and decorating wedding cakes or birthday cakes is big business and best of all you can stay at home. When you find a business opportunity at home, such as this one, you can take on as many jobs as you can handle on your own or you can hire another person who also wants to work at home to help you out. Look at this book>>>BAKING AS A BUSINESS. (This is an AMAZON link and as Amazon Associate I earn from qualifying purchases.)

Dietary consulting, hairdressing, being a wedding consultant or a financial planner are also great examples of work-at-home-based business opportunities that let you be your own boss and choose your own hours. You don’t have to invest large amounts of money in these work-at-home-based business opportunities. You will enjoy the peace of mind of being at home and are still bringing home a monthly paycheck. There are so many work-at-home-based business opportunities available. A little sould searching will help you find the one that is right for you.  Do your research.  Make a list of about 10 and evaluate each

This website has many opportunities the might work for you>>>>BUSINESS OPPORTUNITIES.

Don’t forget to check my website out>>>>>SMALL BUSINESS PATHS.

Thanks for reading, Jim Young

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What’s on the mind of business start-ups? Watch this Video>>>>>START UPS

You may be like so many people that would like a work at a home business that would be outside of the usual methods, such as selling products or hosting home parties. There are quite a few different or unique ways to that could bring you more money and you will be able to stay at home without resorting to a conventional or well-known work at home business plan. Take a look at these unique home businesses: SMALL BUSINESS PATHS

Telecommuting jobs are one of the more popular work at home businesses . Basically, a telecommuting job is a job in which the employer allows the employee to work from home. This has become very popular because of the pandemic.  Many employers are asking people to show up at work now, that there are still lots of opportunities. Many of the most sought after jobs of this type tend to be in the areas of data entry, accounting, internet research and others, but there are many different ways where you can telecommute as a work at home business idea. Check here for more information>>>TELECOMMUTING. (This is an AMAZON link and as Amazon Associate, I earn from qualifying purchases.)

If you like working on the internet, you could explore being a mediator for an online chat room or web discussion board. It would be wise to first gain experience by trying your hand at moderating one or two sites as an unpaid position. Then, once you feel you are familiar and generally qualified, you can start looking for a work at home business online such as moderating existing discussion boards or chat rooms.

Freelance writing is another work at home business. You should have some skill, but you can learn this as you go along or take online classes.  Talent would help as well, but not entirely necessary. There are ways to turn this into a work at home business. Many websites are looking for article content from freelance writers for websites, blogs and e-zines, and this is another work at home business that has proven to be profitable for a lot of writers.  Signup with such websites as: FIVERR, FREELANCER, and others.

SIX FIGURE FREELANCE WRITING. (This link is shown in AMAZON.  As an Amazon Associate I earn from qualifying purchases.)

Medical Billing or transcription is another work at home business that is a fantastic solution for those who would like to run their business from home. This is another work at home business that usually requires some type of training. There are  courses that you can take.  Some cost a lot.  Others not so much. Your local community college might have such courses.  The cost should be modest, but worth it.  This is a well needed skill! Start your own MEDICAL CODING Business. (This is an AMAZON link, and as an Amazon Associate I earn from qualifying purchases.)

In addition to that, if you are looking for a work at home business idea, it might be worthwhile to find internet bulletin boards that allow you to post your resume online. This can lead to a work at home business idea through the contact information and qualifications you have specified on the internet.

Because the internet is such a busy place where many people are looking for a work at home-based business, it is helpful to spend some time each day devoted to your search for the best possible job. This way, you will be able to take your time, sort through any potentially fraudulent job claims, and observe how legitimately hiring companies work. Don’t be discouraged if it seems that every other work at home business idea you see does not measure up to what you would like. The good jobs do tend to be rarer, but there is a work at home business out there that will work perfectly for you!

How to start a business when you are working full time.  SEE BELOW:

Take a look at these unique home businesses: SMALL BUSINESS PATHS

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It seems like everyone wants to have a home-based business and be successful. Not all of us has the know-how, talent and experience to make it work.  It depends on you and what your desires and goals are.  What is your experience that might help guide you forward?

Check out my website that shows many potential opportunities: SMALL BUSINESS PATHS. (No obligations).

Take a look at these 10 tips to make more money and run your home business.

1. You usually have to have at least some money to get it going. Any successful business owner will tell you that you need to invest money in your business in order to make money. A home business is no exception. It is recommended to start with around $5.000 for your business opportunity.  This is rounded up number and many have started for much less. If you did your homework, then putting up the money to make it work shouldn’t be a problem, and you should see results in weeks or less.

Here are some ways to get financing for your business: BUSINESS FINANCING (This is an AMAZON link and as an Amazon Associate I earn from qualifying purchases.)

2. You will need a high-speed Internet in most cases. If you don’t already have CABLE, or DSL or other broadband Internet connection, you should have it installed. Many of the home-based businesses are involved with the internet.  So this small investment is a no-brainer.

3. Look for the best opportunity that would be right for you.  You have a unique set of experiences, strengths and weaknesses. Find a legitimate home business that draws on your strengths. If you aren’t a salesperson, for example, stick with a home business that doesn’t require you to make cold calls.

Check out my website that shows many potential opportunities: SMALL BUSINESS PATHS. (No obligations).

4. Think about surrounding yourself with a support network. Getting your business going can be a challenge.  Look for support in different areas of your life.  A past employer may give you tips.  Join your church and network.  Family and friends could be a good backup for you. Some of the most successful entrepreneurs will tell you that they couldn’t have done it alone.  Don’t be afraid to ASK for advice.

5. Take advantage of available resources. Unless you are a seasoned entrepreneur, you probably aren’t aware of the nuances of running a business. The home business opportunity you choose should have several resources available, so take advantage of them. These resources might include a back office set-up, daily or weekly conference calls, and online tutorials.

This website will give you many tools to use in your business: A GREAT RESOURCE

6. Focus on your marketing efforts. The success of any business, whether a brick-and-mortar store or an Internet-based business, is marketing. The bottom line is, if people don’t know about your business, you’ll never turn a profit. Take full advantage of the marketing tools and advice that you’re provided.

Check this to learn how to market your business: MARKETING (This is an AMAZON link and as an Amazon Associate I earn from qualifying purchases.)

7. Set up your work schedule. The wonderful thing about being able to work at home is the flexibility that comes with it. It is easy to get distracted even if you set your own work hours, and you may not want to actually work. It’s helpful; particularly when you’re just starting out, to schedule your work hours as though you were going in to a “regular job.” In doing this, you’ll ensure that you put in the time necessary to make your business succeed. Always be there at the time you specify. 

8. Minimizing any distractions is essential.  If you’ve never worked from home before, it’s easy to divert your attention from the task at hand. While you’re working, close the doors of your home office, turn down the ringer on your home phone and smart phone, and vow not to check your personal email. Forget the laundry and the errands, and concentrate on your business. Tell others what you are doing so you won’t be disturbed.  Skip the household chores until your specified day is up.

9. Every business, no matter how small has to keep good records. It may not seem important now, but when tax time comes, you’ll need financial records of all of the expenses and income associated with your home business opportunity. Some people use a spreadsheet, while others use special accounting software.  QUICKBOOKS is the favorite one for small businesses. You have keep track of everything, and keep your receipts.

10. Above all; have fun! Having the knowledge that you’re working toward your financial freedom while being able to work at home in a legitimate home-based business is incredibly rewarding. Keeping your goals on your mind all of the time assures your success.  Read a summary of you goals as soon as you get started each day.   Evaluate where you are in relation to your goals.  It should be great fun to create a great and secure future for yourself and your family.

Thanks for reading, Your comments are appreciated.

Jim Young — SMALL BUSINESS PATHS

YOUNG’S EBOOKS

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Well, here are 5 Tips you might need to know.

You have probably heard a lot about how great a home based business is. Well it can be great for a lot of reasons, like working for yourself, not reporting to a job, being your own business, having the potential to make more money and other things

Realistically though, starting and managing a home based business may not be the bed of roses right away like you thought. In some cases, having a home based business is easier than having a business in traditional settings, but in some cases, it’s absolutely the other way around.

Tip #1 You Will Need Some Cash To Get Going In Your Home Based Business

You may not need a lot of money to pay for office rent, and, you’ll have lower business costs because your business is based at home. But other than that, the process of starting up and the necessary factors of production are still the same as operating a business in a separate building. (Depending on your choice of businesses) Check these proven businesses>>>YOUR OWN BUSINESS

Money – It’s rarely possible, if at all, to start a home based business without spending even a dollar for investment and pre-operating costs. You can choose low start-up business or get capital from various sources. Check here for>>>>CAPITAL SOURCES.

Material – If your home-based business is selling products and not services then you’ll still have to ensure that you’ve got the best materials to produce the best products in the market. One very good source for materials is the Thomas Register of American Manufacturers. You can check them online, or possibly the library.

Employees – For a home-based business, you can usually get help from of family members. Even your kids will help to provide the necessary labor for the business. Check this guide to hiring>>>>EMPLOYEES. (This is an AMAZON link, and as an Amazon Associate I earn from qualifying purchases.)

Machinery – Usually, a home-based business that is selling services online can function with a computer and Internet access, but if you’re making products to sell, you’ll naturally need other additional equipment. It’s possible to outsource this as well.

Tip #2 You Still Need to Register Your Home Based Business

The fact that you have a business based or you’re working from home doesn’t exempt you from your obligation to pay taxes. You can, however, apply for tax deductions that you may be eligible for due to your home based business.

To qualify for tax deductions, you need to prove that one part of your home is indeed used primarily and exclusively for operating your business. Secondly, if ever personal meetings with your clients, suppliers, and affiliates are required, you use that particular section of your home for such purposes.

Tip #3 Products, Services, or Both?

A home-based business may sell products, services, or both. The success of your home based business definitely depends on how marketable your products or services are. Consider the following factors:

Quality – How does the quality of your products or services fare compared to those manufactured or provided by your competitors?

Cost – How much are you selling them for? Since you’re operating a home-based business, you should take advantage of your situation and use it to lower the price of whatever you’re selling. Lowering your price is something you can afford to do because you have lower costs, and it will at the same time allow you to compete against bigger retailers on the same ground. Shop around for suppliers. After a while, you may be able to get credit with them so that you can pay them after 30 days. If you can turn over your products in that time frame, you could be doing well.

Tip #4 Online, Offline, or Both?

The success of your home-based business will also depends on how you will advertise your business. For example, if you’re selling home-baked cookies, you’ll probably achieve greater profit by focusing mostly on selling to your neighbors and acquaintances in the area then advertising online on the sides. Setting up a home-based web designing business on the other hand would certainly benefit more from online advertising.

Tip #5 Are You Good at Waiting?

A home based business will also take time to prove its profitability and stability. Thus, make sure that you’re willing to wait for your business to grow. There are any number of hurdles that your home based business might face in the future but you need to be prepared to face all of them if you wish to succeed.

Thanks for reading, Your comments are appreciated.

Jim Young — SMALL BUSINESS PATHS

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Many individuals are keen on a work at home business thought beyond the limits of selling items or facilitating home gatherings. There are most certainly numerous novel ways of bringing back cash without depending on a traditional or notable work at home business thought.

Working from home positions are one famous work at home business thought. Fundamentally, a working from home occupation is a task where the business permits the representative to telecommute. A large number of the most pursued positions of this sort will generally be in the space of information passage or web research, however there are numerous different manners by which one can work from home as a work at home business thought. Get more information with this book>>> STARTING A BUSINESS QUICK START. (This link is to AMAZON and as an an Amazon Associate I earn from qualifying purchases.)

With the development of the web, one more work at home business thought that occasionally is productive is being a middle person for an internet based discussion channel or web conversation board. It should, in all seriousness first addition experience by taking a stab at directing a couple of locales as a neglected position. Then, at that point, when you believe you are natural and for the most part qualified, you can begin searching for a work at home business thought internet based, for example, directing existing conversation sheets or discussion channels. This book will help you with>>>>. STARTING AN ONLINE BUSINESS. (This link is to AMAZON and as an an Amazon Associate I earn from qualifying purchases.)

One more work at home business thought is independent composition. This requires a decent measure of expertise, yet on the off chance that you have an ability for composing, there are ways of transforming this into a work at home business thought. Numerous sites are searching for article content from independent authors for sites, online journals and e-zines, and this is one more work at home business thought that has demonstrated productive for canny scholars.>>>>. START YOUR OWN SELF PUBLISHING BUSINESS. (This link is to AMAZON and as an an Amazon Associate I earn from qualifying purchases.)

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Jim Young

Here you have information on selling, licensing and marketing your invention to manufacturing companies.

There are a lot of unscrupulous companies that allege to help individuals sell their inventions to industry. This information was obtained from a patent lawyer, He never came across a single person who ever used one of these organizations to effectively market or sell their invention. (You have probably seen those TV ads). But on the other hand, he has met several individuals who were successful with marketing their inventions by themselves.

You need to take a few first steps before you take any actions to market your invention.

Preliminary Patent Search – A preliminary patent search is generally a good first step. A preliminary search of various patent offices can be conducted for a reasonable fee (just contact a patent agent/lawyer), and it is even possible to conduct one for free (see the US patent office at http://www.uspto.gov/)

Patent Application – Don’t publically disclose your invention until after a patent application is filed. Publically disclosing the invention before filing a patent application can potentially ruin the chances of ever being granted a valid patent. In fact, many Companies will not even talk to you until you have filed a patent application.

Prepare a Formal Information Package – You should prepare an informative and concise information package describing you, your invention and the potential market your invention reaches. The package should include color photographs of the invention, and a one page executive summary.

Prototype – It is a lot easier to sell a product if potential buyers can see, touch and feel the product. Building a working prototype is often a key step in selling your invention. Of course, some products are difficult to prototype, in which case a non-working mock-up may have to do. In any event, create the most professional prototype or mock-up you can.

Obtain Financing – Building prototypes and filing patent applications require funds. Finding that initial start up funding is often difficult; however, there are two tried and true methods, namely partnerships and incorporations. A signed partnership agreement is one way for a few people to pool their financial resources into a project. If several investors are involved, then an incorporated company is a better method. Essentially, the company takes ownership of the invention and the investors contribute money to the company in exchange for shares. The number and price of the shares can be tailored to suit the particular needs of the project.

Learn how to license other peoples products and build a business. Click here>>>>>LICENSING

Now that we have dealt with some of the preliminary issues, let us look at the mechanics of selling your invention to a company. The actual steps in the process are as follows:

1. Compiling a List of Potential Buyers – Finding a company that is willing to buy the invention is the most challenging part of the process. It begins by generating a list of companies that may be interested in the invention. You can use a business directory to generate that list. Business directories list companies by the products they manufacture (or services they provide) and include basic information about these companies such as their address, phone and fax number, and the name of the president (CEO or owner). Suitable business directories may be found in the business section of the local reference library.
2. Contacting Potential Buyers – Your list of potential buyers may include literally hundreds of companies. You simply call up each company on the list and ask them if they would be interested in receiving a solicitation for a new invention. Then get the contact information about who in the company to send your information to.
3. Presenting the Invention to Prospects – After you have thinned out your list, your next step is to submit your information to each of the companies on the list. This may involve calling the people identified to be the “contact” for new product ideas and telling them that you are sending them an information package about your product. Your package should include a cover letter and a one page synopsis of your product (including a picture). The information must be clear, concise and it must appear as professional as possible. Don’t try to overwhelm the recipient – you want to impress them, not burden them.
4. Follow Up – Do not expect the prospect to come to a quick decision concerning the invention. It may take a prospect many months (even a year or more) to make up his/her mind on a project. You have to be patient. It is important to periodically follow up with the company but do not “pester” the prospect. Remember, the people considering your invention are probably quite busy with several other projects – annoying them may do little to speed the project up and may cause them to drop the project altogether.
5. Negotiations – If you find a company that is interested in picking up the project, then be ready to negotiate the terms of the sale. The key here is to be reasonable. From my experience, nothing kills off a potential licencing deal faster than an unreasonable inventor. Realistically, the most you are likely to get is a good return on your investment. Asking for a smaller signing fee together with a modest royalty is far more likely to generate a signed agreement than holding out for a big payoff.
6. Royalty Amount – I am usually asked the question “how much can I sell my invention for”. I don’t know the answer; however, here are a few rules which can help you figure out a reasonable royalty rate. First of all, try to negotiate a royalty which is broken down in to two parts, an initial signing payment and an annual royalty payment. The initial payment should cover most of your costs of the project. The annual royalties should represent an amount which is sufficient to represent a good return on your investment without being a burden on the manufacturer. The general “rule of thumb” is to ask for a small percentage (1% to 5%) of the net sales of the product. It is also possible, and in some cases advisable, to fix the annual royalty payment to an easily calculated amount (e.g. $1.00 per unit sold).

Selling your invention to a manufacturer is possible but it is not easy. How successful are you likely to be? From my experience, individual inventors are far more likely to successfully sell their invention by themselves then by going through some invention promotion organization. Like any business, the chances of success are a function of your determination, knowledge and willingness to take risks.

Learn how to license other people’s products and build a business. Click here>>>>>LICENSING

Learn how to patent an idea. Click here>>>>>PATENT (This is an AMAZON link and as an Amazon Associate I earn from qualifying purchases).

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