Get Your Free E-Book "Dotcomology"

Do you have what it takes to be an e-entrepreneur?
Copyright © Stone Evans, The Home Biz Guy
Author of "Dotcomology - The Science of Making Money Online"
These days, it seems like everyone wants to work
from home and make money on the Internet. But
before you even turn on your computer, the first
question you have to ask yourself is whether
you’re cut out for this kind of work.

The fact is, building a home-based business isn’t
for everyone. Some people like the commute. They
really do enjoy having a boss who tells them what
to do, and they like the routine of working
nine-to-five for an ordinary salary that can
barely pay the mortgage. Personally, I think
they’re nuts.

More reasonably, there are people who are
concerned about the risk of starting up their own
business. They’re not sure it’s worth the
investment of time and money, and they’re scared
of the responsibility that comes with running
their own company. They wonder if there is
another way to escape the rat race.

I’m sure there is. You could win the lottery or
wait for your Aunt Sue to keel over and leave you
her condo. Or maybe you could sit down with a pen
and paper and draw the blueprint for "The Next
Big Thing". Anything can happen... Right?

For me, what happened was creating a successful,
self-running Internet marketing system. It didn’t
happen without effort. It didn’t happen without
at least some initial investment of both time and
money and, of course, it doesn’t happen now
without me making sure that the taxes are filed
and the paperwork is done. But it happened.

I’m my own boss. I work from home according to my
own schedule and I get to pocket all the cash my
business makes. If you’re prepared to give an
e-business the time, the work and the money it
needs to get started and get growing, it can
happen for you too.
Article excerpted from "Dotcomology":
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Turn Income Streams Into A Flooded River

One of the key catch phrases of internet income is income stream. The term describes the origination of income for an online company or an individual working different online jobs, none of which will probably pay all of their bills. Unlike traditional jobs where the employee works in one place for several years, and has only one income stream, their paycheck, a person working multiple part-time positions on line may have as many as 100 different income streams flowing into their bank account.

Consider than many online companies use affiliate marketing as an income, with perhaps a dozen or more online companies having advertisements on their website. When one of these companies makes a sale to a customer referred by the site, the site owner receives a sales commission. Each affiliated company on the website is capable of generating an income stream for that website. If the site owner has a highly popular site that is attractive to advertisers, they may add another income stream in the form of advertising revenue.

The problem with affiliate marketing income is that it is seldom consistent. Different companies offer different types of merchandise and services for sale and if the offerings do not meet the needs or wants of the site's visitors, there is little chance of sales being made. The site owners will need to monitor the production of every affiliated ad on their site and only include the most revenue-producing companies in the mix.

The types of ads used on the website can also affect the customer response. While some customers may respond well to bright, colorful flashy advertisements others may prefer simple text based ads. Depending on the product being promoted the visitor demographic to the site, the ads need to focus on their interests in order to be effective at producing an income stream.

A business that has several income streams is often a new budgeting nightmare for the new home business owner. They may have spent years knowing which day of the week their paycheck was going to arrive and how much it was going to be worth. With several different streams of money arriving at different times of the week or month, many of these owners have a tough time budgeting their income.

Their income level may be the same as their prior job, or even higher through their online business, but instead of having a lump sum arriving on Friday, it may be split into four unequal payments arriving on four different days of the week. If they do properly plan for this shift in income, they will have trouble budgeting their income streams to last until the next stream flows by.

It is also important not to count on only one or two income streams to meet the financial needs of the online business. If there are only two streams feeding to business account and one of those streams begins to run slower or dries up, the owner will be scrambling to find replacement cash. However, but having as many income streams as can be accurately managed flowing in, the owner can easily survive one or more streams being dammed on their way to their income river.

Jeni Blessings is the owner of WealthSuperAffiliates.com and has a keen interest in writing and researching on various topics of human interest. To learn more about this topic, Jeni recommends you visit: http://www.wealthsuperaffiliates.com/

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Home Business Growth On A Shoestring Budget

There are two cardinal mistakes small home based business entrepreneurs make - two mistakes that usually cost them not only their businesses but in some cases may have additional financial ramifications from which it will take years or even decades to recover! The first mistake is the premature purchase of high end equipment, materials, supplies, and shop or office space. The second mistake is the attempt to prematurely grow the business and let it soar.

As odd as it may sound, but premature growth and high end equipment have rung the death knell for more than just one promising business! Consider the first problem: the expenditure of funds for items not yet needed. If you are starting out as a baker, for example, you need an oven. Until you have a lot of business, a small oven will do fine; sure, you may have to spend a bit of extra time baking and moving different dough and pastries in and out of it, but for the time being, you will be able to make do. As your business grows, you will take in enough money from your profits to buy that bigger oven you need. Next, when your business continues to grow, you now have the funds necessary to buy that huge oven with all the bells, whistles, thermostats, and other gadgetry you have been eyeing for years!

Unfortunately, quite a few entrepreneurs will start out spending money they have not yet earned on buying the biggest oven possible. Going into debt – in some cases making questionable financial decisions with respect to credit cards and second mortgages – will mark the beginning of the consistent potential for financial ruin. Failure to grow equipment gradually in keeping with the business is at the root for a high likelihood of fiscal ruin.

The second mistake is a bad as the first: trying to make the business fly before it can crawl. A business needs time to catch on and build a solid base of repeat clientele. Sure, you may get the windfall of that big client that spends more money than half your small clients put together, but if that contract is taken from you tomorrow and you do not have your well developed base to fall back on, the odds are good that financially you will not be able to sustain your business.

Home business growth on a shoestring budget is always gradual and deliberate, appealing to a small niche rather than chasing a mass market appeal. In this manner the business will weather economic downturns, the loss of larger clients and in some cases also the need for the replacement of durable equipment. Failure to heed this advice may leave you with a second mortgage, unpaid bills, repossessed equipment, and in some cases even the need for bankruptcy protection.

Jeni Blessings is the owner of WealthSuperAffiliates.com and has a keen interest in writing and researching on various topics of human interest. If you would have anything to share, or comment or want more information, Jeni recommends that you visit: http://www.wealthsuperaffiliates.com/

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Online Home Based Business Schedule

In order to run a successful online home based business, you need to create a work-at-home schedule that allows you to get all your work done each day. Even though you work from home, you still need to be productive in order to earn a living. If you are the type who procrastinates, then you may want to reconsider working from home. Those who are able to motivate themselves usually are successful. But this does not mean that people who lack self motivation skills can't learn, it may just be more difficult than for others. Creating a daily schedule may be necessary in order to maintain a steady pace.

In order to create an efficient schedule, you need to write down all the daily task that need to be accomplished during the day. Once you have these tasks written down, then you can begin to create a schedule working from home focused on your home based business. Based on the number of hours you want to work each day, you should set realistic times for completion so you aren't rushing through them. Instead, you can take your time to make sure they are done correctly. Many people believe they can accomplish more during the day than is actually possible, so learning how to budget your time and gauge how much time each task takes can help you plan for your day.

Investing in a calendar, dry erase board, and other materials to create your schedule will help in the long run. Once you have a list, you can check off items as they are completed, add or subtract from the list, and determine how long you need to work each day. The more time you put into your home based business in the beginning, the more successful it will be. Online businesses are a wonderful opportunity for you to work from home, but you need to maintain a work ethic that is strong. Because you may have to complete various tasks that others in your previous job may have completed, you will find that there aren't enough hours in the day to get all the work done. This will change once your business is established, but you may need to put in extra hours in the evening and on weekends in order to make your business grow.

Online home based businesses that sell products to others will require more work than selling services, or digital items such as books and manuals that can be downloaded onto a customer's computer. If you sell products on online auction sites or through a website, you will have to work out a packing and shipping schedule so you aren’t spending all of your time running to the post office to ship an order. Selecting one or two days a week to pack and ship items will help your work load tremendously. Depending on the popularity of your product, you may need to increase these days, especially around the holidays. When you stay focused on running your online home based business and sticking to a schedule, you will find that success is not difficult to achieve.

Jeni Blessings has a keen interest in writing and researching on various topics of human interest. If you would have anything to share, or comment or want more information, you can do so simply at http://www.wealthsuperaffiliates.com/

See you at my blog! Bookmark This Site



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