Home Business Ideas and Opportunities

Archive | October, 2018

Challenge Yourself to Increase Your Income Right Now

If we have a job then our income is limited to our standing agreement with our employer. If we are fortunate this is reviewed each year in our performance evaluation and if the company is doing okay you may receive a merit increase and/or a cost of living increase.  Sometimes though you don’t receive any increases for a few years or more, again depending on the health of the company.

‘Health of the company’ can infer a few things other than how well they are doing financially speaking. It can also refer to mental or psychological health. This is dictated largely by the corporation but more directly by management. An antagonistic, hostile manager or supervisor who is incapable of motivating  employees can really make people sick. After all we spend most of our waking life working and if we don’t feel appreciated or make enough money to enjoy life, it can really take a toll.

Sometimes management feels you are being paid well enough and they may purposely ignore what you do that is ‘above expectations’ because they don’t want to give you more money.  In an atmosphere such as this there is little to motivate people to push themselves to excel at what they do.  There can be a consequent environment of people merely taking up a chair for 8-hours, doing just enough to get by.  Is it any wonder?

With all that said, it is also true that in this day and age we are fortunate even to have a lousy job. However there is no reason to be trapped by what we can’t control (our employer, etc).  By taking control of our own life and giving it some extra energy to start our own business at home, we can overcome any negativity we must endure.

It will be a challenge to add one more priority to our lives, and to fit it in with the day job, the commute, the family duties, etc., but if we want to get out of the maze and ‘exceed expectations’ then we will need to make some sacrifices of our ‘leisure time’.  We can be productive from home in a more relaxed and much freer and friendlier environment.

If we are willing to do the time now, we can get it running and after we have developed our plans and ideas and implemented them, a good deal of the business can run on ‘autopilot’.  Then we can start going back to having more time to relax and have fun – and we may have the extra money to do it. Take control now and push yourself forward until you can again feel good about what you accomplish.

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Build a Strong Foundation With Residual Income

What is ‘residual’ income? It is income where you make a sale one time and it generates income on a regular basis going forward. Residual income can even be earned on multiple levels. For example if you refer someone to an affiliate program, you make a commission for a percentage of the initial sale. In the future when your customer pays their membership fees for the program each month, you earn a percentage of that as a commission. With ‘multi-level-marketing’ you may also receive a percentage of the commissions when your customer makes sales of their own

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So the idea is that you have income that continues to generate as a result of that initial sale for as long as your customer remains active in the program. This would also be true if you were directly selling a service, for as long as your customer continues to use the service.

Usually if you are selling products directly, these are considered ‘one-time-only’ commissions, as you earn money only one time when the purchase is made. Nothing wrong with this but it does take much more work to build and sustain your momentum to keep those one-time sales coming in on a regular basis.

It is a good idea to have a combination of sales types and the money all adds up to represent a substantial income. However it does seem like a brighter idea to have residual income – just in the way it is more efficient to plant ‘perennials’ that bloom every season after they are planted once, than it is to have ‘annuals’ that you must replant every year.

It’s fun that the plant analogy really does work so well when discussing residual income too – because for example when you have a perennial plant it will not only bloom each year in the same place, but the wind will carry the seeds and the plant may pop up in many different places.

With residual income it is the same in that you have contacted the initial customer who then contacts others, who contact others and before you know it you have built an ‘organization’ just from that one initial action that you took by ‘planting the seed’.

Internet marketing and in fact marketing in any industry is about generating lots of volume with your efforts. This is because the majority of people will not be interested and will not respond. It is a bit like the proverbial ‘needle in a haystack’ in that you must weed through all the people who won’t be interested to find the few that will.

Actually there are many that will respond over time – but just as a percentage of the human population on earth, only a few (million) are interested in starting a home business or working from home. Remember as well that it is believed that people do not usually respond to an ad the first time they see it. It is approximately the 5th or 6th time. This is another reason to always keep the volume of your advertising turned up to the max. This week someone may not be interested – but things are always changing and maybe next week they will change their mind and respond to your ad!

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