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Investigating a Home Based Business Opportunity – Questions to Ask Before Starting

So you want to know how to Investigate a Home Based Business Opportunity. If you are seriously thinking about investing in a home based business opportunity then do some research before you part with your hard earned money. Please keep in mind that home based business schemes are out there so “If it sounds too good to be true, it probably is”. So this makes it’s very important that you do your homework.

Here are some questions that you should ask before committing to any home-based business opportunity While these questions should not be considered all you need to know they will be a great starting point because it will largely depend the type of home-based business opportunity you’re considering.

What is the Startup Cost of Business?

How much are the up front start up costs for the home-based business opportunity you’re considering? Are there any ongoing or monthly costs? If so, what are these costs and how much are they? You want to fully understand all the underling cost of business.

This is truly important if your money situation is tight, and these days who isn’t? A business usually costs more to start that the ongoing requirements. It is also important to to be aware that you have to spend money to make money.

Do they Have a business Training and Support System Available?

The business training and support offered by a company or team will have a big impact on your success. Dose your up line show good ethics and leadership skills? Are they truly dedicated to helping you succeed?
With good training resources and solid leadership you will likely be more successful and grow your business faster.

Know the Rules for Advertising and Promotion?

Most home business opportunities have their own set of rules regarding how and where you can advertise. In some cases there are strict limitations, and in other opportunities you may be able to do whatever you want. The more options available to you for promoting the products or service the easier it will be and the more money you will make.

Is there Realistic Income Potential?

Some businesses have much more income potential than others and before you invest your money and time into a home based business opportunity, you need to understand how much you could potential expect to make.

It is also important to understand how long it should take you to reach the break even point and start putting money into your pocket. You will play a key role in this and depending on work ethics and how much time each week you are willing to invest in your business.

Quality of Products or Services Involved?

What are their products or service like? Are they unique and high quality and consumable on a monthly basis so people will reorder often? Are they affordable to the masses? Having consumable affordable products will offer the business owner much more money because people will reorder the product time after time. A Non consumable product can only be sold once so you will constantly be needing more customers.

Are There Quotas or Minimum Inventory Requirements?

If you are required by to buy and stock a large quantity of products it can be difficult to maintain the business and can be financially stressful for you. You do not want a basement or garage full of unused products.

There you have a list of things to investigate to find the very best in a home based business opportunity. When you have all the questions answered you will be in a much better position to determine if the home-based business opportunity is a good choice for you.

Maximize Real Estate Values And Incomes During Inflationary Times

The US Department of Labor in Washington D.C. announced mid January that inflation has hit a 17 year high. And what’s more is that at the same time, personal earnings have actually fallen behind this increase by .9 percent. Most people will see this as terrible news. But this dark cloud has a silver lining if you own rental housing.

When you consider these two financial factors while recognizing the ridiculous increases in single family real estate prices, you may well find that this is a great time to take advantage of the market by improving your existing properties in ways that will allow you increase revenues. There is a real good chance that the cost of financial improvements, due to still low interest rates, easily makes the improvements not only affordable, but profitable. People need a place to live and will pay accordingly. With less people being able to buy homes, it forces more people (with more money) into the rental market thus fueling the upward pressure in rents at all levels. If your real estate has the elements or amenities it needs to qualify for the higher rents and you should have no problem getting them. Here’s a real life example of an apartment complex that is being remodeled one unit at a time. Let’s look at just one unit and see if these numbers and percentages make sense.

Cost to gut and rebuild 575 square-foot apartment $12,000.00.

Rent increase $100.00 per month or $1,200 per year. (Percentage annual yield on investment amount: 10%.)

Value increase based on 7% cap rate using the $1,200 new revenue: $17,143

So here’s the question, would you invest $12,000 to have an immediate increase in the real value of a property of $17,143 (That’s a 43% increase on your $12G) and then continue to earn a 10% cash-on-cash ongoing yield on the original invested amount? If your answer is “No”, you might want to consider seeking work elsewhere. (Tell me where else you can turn $12,000 into $17,000 this quickly, this securely or this simply and still have a great ongoing cash return.) If your answer is “Yes”, you should look at your current holdings to see if this type of possibility exists in upgrading (appliances, HVAC, amenities, lighting, landscaping, etc. etc. etc.) Remember, if the debt service on money borrowed to make improvements is less than the increased revenue, you have a positive spread, an increased NOI and a higher market value. This is true creation of wealth.

As with anything in this business, treat your decisions like a business and let the numbers lead the way. It is always a great time to be in real estate if you understand how to approach the differing marketplaces and conditions. Good luck and the best of success in your real estate career.

How To Find The Right Internet Home Business For You

There are many people that are starting their own internet home business. It is not as hard to do as you think it is but when you don’t know where to get started it can seem impossible.

It is important that you take time to find the right home business for you. You want to look at more than one before you decide what to do for your internet home business. So here are some ways that you can use to find the right home business for you.

One: Start your search by going to any major search engine. Just put in internet home business and you will get a lot of results that you can start looking at.

Make sure you check out each opportunity thoroughly. This is very important because you want to make sure that you find a business that is legitimate.

Some of the opportunities online are scams so you need to be careful and find out as much as you can about the home business you are interested in. One thing you can do is look for recent activity on the top websites you come across.

Based on the number of quality back links it has Google can rank a website very high. Even if it is a scam it can still rank high for years.

An active website is always adding new content in the way of blog articles or creating webpages. You do not have to look very hard to find active websites.

Two: Go to Internet home business discussion forums. This is a good way to find the right home business for you. You can go into the forums and read posts that other members have made about businesses online that they have had success with.

You can also ask questions about an opportunity if you are unsure about it. So you get to find out what others think too before you decide, which can be a big advantage to you.

These are just two of the more popular ways for you to find the right internet home business for you. Do not rush your decision.

You will struggle to make it a success if you do not find a business that you can work at home that is fun. If you approach this decision as though you were investing thousands of dollars you will do a better job of checking it out.