Thursday, November 8, 2007

The Top 25 Home Based Business Models

Here is a good article for people toying with the idea of developing a home based business from AllBusiness.Com and Yahoo Finance. Look it up as The Top 25 Home-Based Business Ideas first published April 11.

Of those listed, several might be of interest to network marketers or those who market primarily over the Internet. All of them have some overlap, but I will highlight a few that were mentioned in the article.

# 1. Personal trainer. If you are marketing health and wellness products, energy drinks, or vitamins, one of your best resources is the army of personal trainers who exercise great influence over highly motivated clients several times a week. Recruit these folks as distributors and third party their sales for them. Be sure to find a reputable company for which to distribute quality products.

# 3. Tutoring. There are several tutoring companies that are headquartered online. Using SKYPE you can tutor remotely all over the world.

# 4. Business coaching and # 5 Consulting. Network marketing is an industry that is built on the concept of everyone having a coach/mentor with the "system" as the support and curriculum. In network marketing, your coach comes with the package and this is a tremendous selling point as you recruit people. They will have the opportunity to learn from successful winners in the industry.

10. Desktop publishing. This is one business that can be developed remotely over the Internet. Begin to develop some templates that will enable you to customize clients' work while expediting your own assignment.

# 16. Gift baskets and # 17. Wedding planner. I am no longer an IBO with Quixtar, but they have a wonderful specialty business that, until recently, was called "The Gift Incentive Program." This is a wonderful, lucrative, and attractive product that includes many specialty items ideal for weddings and gift baskets as well as so many other applications.

# 18. Personal shopper. This is an ideal fit for Quixtar IBOs as well as people who have developed a sophisticated index/catalog of affiliate shops. You can shop from your own stores for the best bargain and right fit for your clients.

There are other good suggestions in the article as well as some excellent opportunities not mentioned. Read it and learn. Then come back for some other recommendations for profitable, turn-key, home-based businesses with built-in coaching and support.

See also: Income Opportunities

- Tom Sims, The Dream Factory

Susie Ormand on Self-Employment

Yahoo is featuring an article by the first lady of money, Suze Orman today. She cautions against many mistakes I have already made and a few I have not tried.

Because I love my primary calling/work as a pastor, I am never tempted to take an early retirement to follow my business sub-passions. However, I know many who have traveled that path. To them, the old adage, "Don't give up your day job" is not meant as a discouraging word - They are seldom heard at this home on the range.

Back to Suze on self-employment reminded.

Not to be a disputer, but I do prefer Robert Kyosaki's distinction between self-empoyed persons and business owners when categorizing the four quadrants of income generation. Having said that, I think Suzie Ormand presents some extremely valuable information for those whom the government considers, "self-employed" for income tax purposes:

Suze Orman Money Matters

Suze Orman, Money Matters

Protecting Yourself When You're Self-Employed

by Suze Orman

Especially helpful, is Suze's advice on Planning for Entrepreneurship:

• Figure out the replacement cost of lost benefits.

• Don't access retirement savings.

• Keep the home-equity tap turned off.

• Don't rely on credit.

Good advice all around from America's premier financial advisor.

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Survivng Foreclosures

Foreclosure filings nearly double

LOS ANGELES (AP) Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate information company said Thursday.

read more | digg story

Proverbs 22:26
"Do not be a man who strikes hands in pledge or puts up security for debts."

There are legitimate reasons for borrowing and lending, but the biblical bias is always cautionary.

Matthew 18:25
Since he was not able to pay, the master ordered that he and his wife and his children and all that he had be sold to repay the debt.

We do not live is such draconian times, unless one considers the threat of homelessness and bankruptcy as a form of slavery imposed upon our children. Certainly there is nothing new about the dangers of out of control, unsecured debt.

Paul's insight goes deeper than that of economics:

Romans 13:8
[ Love, for the Day is Near ] Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.

The remaining reality is that there is some real suffering rising to the surface in the tide of our current human experience and the remedies are illusive.

You and I know that there is no significant bail-out coming from the outside and that we must each take control of our financial well being. There are only these possible solutions and like most things in life, it take a balance of all of them working in concert to effect change:

1. Spend less and borrow little. - There is never a bad time to be more careful about spending, especially on non-essentials in relation to credit. America's credit card debt is out of control. Spend what you can pay for on what you need. Ben Franklin was write in Poor Richard's Almanac when he observed that a penny saved is a penny earned. There is a biblical word for over-consumption and it is "gluttony." Through it, much debt is incurred because we believe we really must "have it now," and the credit card companies tell us we can and should:

Proverbs 23:2
... and put a knife to your throat if you are given to gluttony.
Proverbs 23:21
... for drunkards and gluttons become poor, and drowsiness clothes them in rags.

2. Save and invest wisely. Whatever you can save, save. When you have an opportunity to invest, do so with a eye toward the potential return. What investments will produce income? Study, learn, and do. The wise and virtuous woman in Proverbs was an investor:

Proverbs 31:16
She considers a field and buys it; out of her earnings she plants a vineyard.

3. Make more. One area where it is wise to spend is on your own development - especially, from a financial point of view, your financial, business, and professional education. There are many ways to make more money. One is to work harder and that can be good. Another is to work longer and that might be necessary. A third is the one you need to move toward and that is to work smarter by leveraging your time, energy, and knowledge. That is the core genius of network marketing and other concepts in marketing. The Proverbs elevates the value of work:

Proverbs 14:23
All hard work brings a profit, but mere talk leads only to poverty.

For a list of business opportunities I recomend, check my links here at The Dream Factory.

Of course, you may have already found your vehicle and, if you have, it would be my honor to encourage you along.

These are financially critical times, but you can succeed with informed output of energy and commitment. Dream great dreams and move forward. Keep a positive outlook. Keep your hand and hearty open to others, and be confident enough in the future to be generous in your giving. Consider it an act of faith and move forward:

Proverbs 11:25
A generous man will prosper; he who refreshes others will himself be refreshed.

As John Wesley said:

Having, First, gained all you can, and, Secondly saved all you can, Then give all you can.

You are on the winning team.

Rich Dad's Friends

The people we associate with and learn from are a major factors in our financial and business success. Robert Kiyosaki chose to learn from his Rich Dad and many of us have chosen to learn from Robert and his friends.

Now Kiyosaki has started a discussion forum where people can receive much better advice than I can give. I choose to do some of my learning there.

Why should we change our friends?

Because they change us.

We become more like them as the years go by. We adopt their values and habits and adapt to their low expectations. We make their limitations our own and begin to think like they think because conversations seep back into our consciousness and unconsciousness as well.

We continue to love our old friends and pray for them, but we can no longer make them our peers because we are changing, growing, and breaking free of the prisons in which they have entrapped their own goals and dreams.

We can be their mentors, but we cannot be their students any longer. We cannot help bring them up if we are letting them drag us down.

We can see them, enjoy their company from time to time, and lend them a hand when they need us. We just need to spend the bulk of our discretionary time with people who challenge, encourage, uplift us, and expand our thinking.

That is why one of the factors in how to ride a horse is to find one that can carry you, won't kick you off, and will not take you places you don't want to go.

This new forum is a great opportunity to make some new friends who will lift us, people who are seeking the same things from life - to be more than they already are.