Opportunity vs. Home based business


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What You Need to Know About Home Business Affiliate Marketing

Well you have finally done it. You have packed in the rubbish job and told your boss exactly what you think. You have taken the plunge and made the decision to begin your own home business affiliate marketing. Home business affiliate marketing can be very lucrative. It provides people with the opportunity to work for themselves with very little risk to them. Those that are sales savvy, good at marketing and are not afraid of a little hard work can often do incredibly well with a home business affiliate marketing program.

Home business affiliate marketing sounds easy but you do need to exercise some caution. You want to avoid the home business affiliate marketing pitfalls that can ruin your home business and worse, have you crawling on your hands and knees back to that boss that now knows how you truly feel.

People tend to get excited when they start a new venture. Unfortunately this excitement and eagerness can cause them to miss key things in their agreement. Whenever you sign up for a home business affiliate marketing program, you will be expected to sign an agreement. The terms and conditions of the agreement for both sides should be outlined. However, if they want to hide something this is where they will put it. It will either be in the small print, so get your magnifying glass out, or they will baffle you with legal language. Either way, you need to read and understand your agreement thoroughly to avoid disappointment and lost earnings.

If you are signing up for a commission based home business affiliate marketing program then you need to understand how the term revenue is defined. This is one of the biggest pitfalls of the contracts. They may advertise 5-10% commissions but it all fall on how they define revenue. Most home business affiliate marketing programs will calculate commission on the gross value of the sale. In other words, the amount of money the site will get at the completion of the sale. You may think that this sounds great. However, you need to read this part of the agreement very carfully. The amount of the sale almost always excludes credit card or debit card payment surcharges. They also are likely to exclude payment and delivery charges as well as any gift wrapping or other surcharges. What sounded like a nice commission is soon shrinking before your eyes. Ask these questions specifically before you sign an agreement.

Some home business affiliate marketing programs are even stricter in their definition of revenue. Your commission may be based on the profit margin of the sold product. For example, if you help sell a book for 20 dollars but the company only makes 10 dollars profit, you will receive a percentage of 10 dollars not 20. This can make a substantial difference in your earnings. Again, make sure you understand these things and ask specifically what your commission will be based upon. Read your agreement and look out for odd sounding clauses. These could come back to haunt you later.

Something else to beware of when you work on commission is returns. Many home business affiliate marketing companies only pay commission out on completed sales and then only if the customer keeps the item. If they return the items your commission could be cancelled. To really rub salt in the wounds, you could be billed for the outstanding commission if you do not have sufficient commission credit built up. Make sure you understand this before signing on. You cannot expect a company to pay you a commission on an item that is returned but make sure you understand their return policy. Find out your rights in this situation.

Home business affiliate marketing can be a great way to earn money. If you have good sales and marketing skills then it can give you the opportunity to out them to good use. You will be able to work for yourself and not someone who undervalues and does not appreciate them. One needs to consider home business affiliate marketing carefully. Make sure you understand your agreement and exactly what you will be paid for. You do not want to have to go crawling back to your boss begging for your old job back.

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Self-Motivation Strategies for Greater Achievement

The key to self-motivation is setting goals. Without goals, it really doesn't matter how self motivated a person tries to be. They have to know what it is that they are motivated for.

There must be a reward or benefit for it to be motivation. That is what drives us as humans. Without this factor, there will not likely be success in self-motivation.

That is the reason why it is very important to make a list of goals. This first step will get you started in the right direction to achieving self-motivation.

Now, let's talk about goals. The goals we set for ourselves sometimes tend to be way out of our reach. When we do this, we our basically setting ourselves up for failure. When this happens, it is like taking a giant step backwards in the motivation process.

A person`s goals need to be both realistic and possible. For instance, if winning the lottery is your goal, you need to rethink that goal. Yes, it is possible but it is not realistic to win the lottery. It is very important to make sure that person's goals fit into both of these categories.

Another piece of advice in achieving self-motivation is to never look back on past failures. This is just not a productive thing to do. We tend to get hung up on our mistakes and then they become major obstacles on the way to our goals.

We can learn from our mistakes that we have made in the past, but be careful not to dwell on them. So, remembering that we are just human and we are not perfect can help us become more self-motivated.

Once you have figured out what motivates you personally, and you have set your goals, you're about one third of the way through the process.

The next step is to find your objectives. They are very specific objectives. They need to be measurable, for instance, by the week, day or month. When questioned about these objectives, the answer should be a yes or no answer. They are basically directives that will tell you what needs to be done and when.

Next comes the part where our human nature tries to step in and stop this self-motivation process. It is called the commitment step. This phase of the process is difficult more so for some than others.

Some people just have a real hard time committing to jobs, relationships, and personal gains. Some of this lack of commitment comes from low self-esteem or low self-confidence.

In order to be successful at self-motivation, one must be confident in them selves and know their own worth. Everyone has strengths and weaknesses. Identifying your personal weaknesses and strengths is a giant step in the right direction.

Whether you are searching for self motivation for the purpose of losing weight, exercising more, starting a new career, or putting an end to bad habits, there are many self help websites out on the internet that can help a person with these issues.

There are also online classes that can be taken to help improve some of these areas and issues. Books on self-help can be purchased at many bookstores nationwide, as well.

The resources out there are great in number and they pretty much say the same things. But the bottom line is that it is up to you and your attitude and your mindset.

If you want to be self motivated, then all it will take is searching for what motivates you. Getting a reachable goal will also help you get started on the right path to self motivation.

Peter Murphy is a peak performance expert. He recently produced a very popular free report that reveals how to crush procrastination and sustain lasting motivation. Apply now because it is available for a limited time only at: motivation techniques

Rise of Entrepreneurship

The word ‘entrepreneur' was derived from French words ‘entre', which stands for ‘between' and ‘prendre', which means ‘to take'. The word was originally tagged to people who take on risk between the buyers and sellers or start a new venture (Barringer and Ireland, 2006). However, in the contemporary business, the essence of the entrepreneurial behaviour is identifying opportunities and putting useful ideas into practice. Therefore entrepreneurship can be defined as the process by which individuals pursue opportunities without regards to resources they currently control (Barringer and Ireland, 2006, p5).

In recent times entrepreneurship has attracted a lot of attention and is seen as an attractive career path, which has resulted into a barrage of literature and research into the subject of entrepreneurial behaviour (Papers4you.com, 2006). This is evident in the fact that Amazon.com holds nearly 5,800 books that deal with one or the other aspect of entrepreneurial behaviour (Barringer and Ireland, 2006). However, most of the literature is repetitive in nature describing the same personal qualities of passion for business, tenacity despite failure, execution intelligence etc. This coupled with a flurry of women entrepreneurs like Anita Roddick of the Body shop sometimes ends in a debate about women being better equipped with the qualities of being an entrepreneur. On the other hand, it is increasingly becoming apparent that while opening a business is easy, the real challenge is to keep the business open. This is evident in recent statistics provided by the Global Entrepreneurship Monitor (GEM) suggesting that 20% of the new firms in the US failed in the first year itself (Barringer and Ireland, 2006).

However, the significance of entrepreneurial activities to economic development is immense as the fundamental requirement for an entrepreneurial start up is a new and innovative business idea (Papers4you.com, 2006). Schumpeter was the first one to recognise that new technologies and products developed by the entrepreneurs will over the time make current technologies obsolete, terming is as ‘creative destruction' (Welsch, 2005). The whole entrepreneurial process goes through a few common steps vis-à-vis deciding to become an entrepreneur, developing a successful business idea by doing a feasibility analysis, industry analysis and coming up with an effective business model. After a business model has been drafted the next step would be to move from an idea to an entrepreneurial firm, which would include assembling firms initial management team, get a sound financial back and writing a business plan which would help draw the finances. The last and the final step would be to manage the firm to ensure sustained growth (Barringer and Ireland, 2006).

Entrepreneurship is hence a long journey through the steps mentioned above and requires skill and qualities to execute them successfully. However the belief that ‘entrepreneurs are born, not made' is a myth and a through knowledge of the field would enable a smoother journey.

References

Barringer, B and Ireland, R. (2006). ‘Entrepreneurship: Successfully launching new ventures'. Prentice Hall, New Jersey.

Welsch, H. (2005). ‘Entrepreneurship: the war ahead'. Routledge, London.

Papers For You (2006) " P/B/604. Theories on entrepreneurial behaviour", Available from Papers4you.com [18/06/2006]

Papers For You (2006) " P/B/423. What are the origins of entrepreneurial behaviour?", Available from http://www.coursework4you.co.uk/sprtbus34.htm [17/06/2006]

Copyright © 2006 Verena Veneeva. Professional Writer working for http://www.coursework4you.co.uk


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