Being a housewife, a mother and a professional can be very taxing. There are times when you will feel that you do not have enough time to manage everything that you need to do. You can’t look out after your kids without having to sacrifice any of your tasks as a professional. At the end of the day, you get tires, stressed out and you are not able to maximize your talent to perform to your optimum performance.If you are having the same problem as described above, perhaps it’s about time that you consider establishing your own home-based business. It should be mentioned, however, that this article is not just for moms but for every individual who wants to start their own home-based business. Here are some great reasons why you should consider running your own:Home-based businesses are easy to set up. Compared to other businesses, home-based opportunities are pretty easy to set up. Obviously, you do not need an office space since you hold office in an unused bedroom in your house. You can also use a single computer and you don’t have to stock too much of office inventories. Since you will only be using a single PC, you might as well maximize the use of your computer. For instance, instead of buying a new fax machine, convert your computer into a fax machine by subscribing to online fax. The best thing about online fax is that it requires a very little overhead expense so if you are running a very low budget, then this is another perfect solution for you.Home-based business can provide you with extra income. If you finally decided to focus on the kids and stay at home, you can still earn enough (or more) from your home-based business. There have been a lot of success stories that tells of moms earning more than they used to when they were working a regular 8 hour job. Of course, this takes more time. You need to be able to establish your business first before you can earn as much.Home-based businesses have tax benefits. Once you start your home-based business, then you will have the opportunity to take advantage of the rebates that the federal government offers to home-based opportunities. With these rebates, you can save thousands annually. All you have to do is file your business expenses and the government will do the rest.Home-based businesses allow you to work in your own time. One of the many perks of home-based businesses is its flexi time. A lot of people give up their regular jobs for home-based opportunities because they get tired of a highly structured routine where you need to work 8 hours (or more) every single day. If you work at home, you set your own time and do the things that you want. You can easily stand up from the computer because you need to pick up the kids or run to the grocery.
Differences in the Types of Auctions That Take Place Around the World
Auctions are those events where properties or goods are sold to the highest bidder. Auctions are mostly public events, where bidders make a series of bids and purchase a particular item for a high price. During auctions, bidders decide the price of an item rather than the seller. It depends on bidders to decide the amount they would want to pay for a specific item. During an auction, a bid is a proof of a legal binding. Bidders agree to pay the amount that they have bid. In a high profile auction, bidders may have to pay a deposit in escrow accounts or give a proof that they can pay for those items.
Types of Auctions:
Different types of auctions take place around the world. Below mentioned are some types of auctions:
1. English auction:
This is a basic type of auction. In this type, people can see the item and then start bidding. Bidders slowly raise the value of their bid until everyone gives up. The highest bidder is the winner. An auctioneer manages an auction, keeps records of the on going bid and decides the winner. Sometimes, the seller will quote a minimum amount for an item to the auctioneer, below which the auctioneer cannot sell that item.
2. Dutch auction:
In this type, the auctioneer sets a particular price and then gradually lowers the price. People in public will start bidding and later decide which prices are suitable for the item. A seller may use this type of auction to sell large quantities of same products to the public. For instance, a seller may want to sell a large amount of hay and will thus, decide to sell this hay to people for the same amount, once a reasonable price is decided.
3. Silent auction:
In this type, the bidders in public will present their bids in a sealed format. These sealed bids open at the same time and bidder with the highest bid wins. There could be a modification in this type of auction. The bidders are allotted a specific period to bid. They can roam in a room displaying the items, and write their bids on an associated sheet of paper. The bidders are allowed to see bids of other bidders and can choose a higher price for an item. At the end of the allotted time, bidder with the highest bid is the winner.
Examples of Auctions:
Auctions can be of two types either public or private. Sellers may trade any kind of items in both types of auctions. Some areas where auctions take place are:
1. Antique auction: An antique auction consists of a trade opportunity as well as provides entertainment.
2. Collectable auction: In a collectable auction, the seller may put up collectables like coins, vintage cars, luxury, stamps, real estate, and luxury for sale.
3. Wine auction: In wine auction, bidders can bid for rare wine, which may not be available in retail wine shops.
4. Horse auction: Bidders can bid for young horses of the best breed.
5. Livestock auction: In livestock auction, bidders can buy pigs, sheep, cattle, and other livestock.
The other examples of auctions may not be public. These auctions are for bidders from corporate levels. Some examples of private auctions are:
1. Timber auction
2. Spectrum auction
3. Electricity auction
4. Debit auction
5. Environmental auction
6. Auto auction
7. Electronic market auction
8. Sales of business auction
Bidders in an auction need to examine the items displayed and decide an appropriate price for an item. Thus, auctions help buyers in getting the best deals and in gaining better profits for sellers.
Do You Have an Internet Home Based Business Idea?
Now that you have had that internet home based business idea and have decided to start a business from home, selecting the right business opportunities is as easy as 1-2-3, well maybe 1-2-3-4!
1. Decide to Market a “Consumable” product
When trying to decide which internet home based business idea you should develop, just think about this for a minute – every time anyone gets out of bed each day and goes to work, someone makes money. Every time you pick up the telephone, someone makes money. Every time you eat, turn on the water, start your car, use a bar of soap, or get a haircut, or go on a vacation, someone makes money. Imagine transactions of hundreds or even thousands of dollars and also millions of $3 or $4 sales several times a month, year after year, after year.
The ideal internet home based business idea which develops into a turnkey home business is one that markets consumable products or services in such a way that after your initial effort is done; repeat orders, sales and commissions come to you for that effort on a continuing basis.
2. Be ahead of the major Market Trends
A “Market Trend” is really an economic movement, meaning that large masses of people’s spending habits are moving in a uniform direction. The effect the baby-boomers have had and will have for years to come on the American economy is a good example.
One leading economist likened the effect the baby-boomers have had on the economy since birth to a basketball running through a garden hose! That fact along can be a major factor in generating profitable home based businesses and should certainly be considered when developing our internet home based business idea.
When developing our internet home based business idea, the question we must ask ourselves is: Are we positioned in front of the basketball or behind it?
History shows that those who identify these trends early, and are able to meet the needs of these trends, are able to create abundant wealth for themselves. In essence, they get in front of an economic wave and ride it to financial freedom!
The key is timing. Get in front of the wave and take the ride of a lifetime.
Current research shows, that what most people want out of life is feeding the current market trends and should be considered in your internet home based business idea:
1. Owning Their Own Business
2. Having Tax Advantages
3. Being Financially Independent
4. Being Healthy
5. Being more environmentally conscious
6. Having A Rewarding Career
7. Owning Their Own Healthy Home
8. Looking & Feeling Younger
9. Losing Weight
10. Traveling
11. Improving Their Lifestyle
12. Personal Development Training and Support
Mega-Trends
These are the wants and needs of some very large consumer groups. In fact, some very large trends are gathering momentum as you read this. They are so large that they can accurately be called “Mega-Trends”.
One of the mega trends is in the area of Health and Wellness- An Internet Home Based Business Idea Because of the economic influence of the Baby-Boomers, economists are predicting that this industry will be the next Trillion dollar industry within the next ten years. Paul Zane Pilzer, an internationally known author, college professor and economic advisor to two presidents, predicts that there will be 10 million new millionaires in the Health and Wellness internet home based Network Marketing industry within the next 10 years. Now that could be a basis for an internet home based business idea!
I guess the question we need to ask ourselves is: Will we be one of them?
Another of those trends is in Travel – an Internet Home Based Business Idea and recreation. Some estimate this industry to be 7 trillion worldwide with expectations to double within the next 6 or 7 years which is over 20% faster than the US economy. Other experts estimate that travel in the US along exceeds 1.3 trillion.
I have read that there are more cruise ships to be built within the next 5 years than in the previous 45 years total. Baby-boomers are swarming to the luxury resorts around the world and this activity is expected to increase as the boomers experience the inheritance of their parent’s money and also begin to draw on their own retirement plans.
With the baby boomers currently retiring at the rate of about 1 per second and increasing, increase in travel could very well be the largest mega-trend we will experience in our lifetime!
The combination of these Mega-Trends is causing one of the most explosive economic waves in history. Now there is another potential internet home based business idea! All Wealth is first created in the Mind and then transformed into reality by the application of known Principles! – Think and Grow Rich! – Napoleon Hill
3. Leverage your time
Leverage, through the process of duplication and multiplication, allows us as entrepreneurs to develop a successful internet home based business idea, part-time, around our busy lifestyle. In essence, leveraging our time allows us to get more done in a shorter period of time with less effort. This concept applied in your home based business means you can accomplish more than you could normally accomplish on your own.
When effectively incorporated into an internet home based business idea, computer and internet technology can multiply leverage thousands of times. That means in the right system, networking and internet technology can do the work of thousands of people, and you get paid on that work! Imagine developing a business part-time, which can grow to a full time career, that wouldn’t interrupt your present circumstances, and provides you a flow of income while you spend time with your family, travel, go to the beach, or even sleep! That’s the power of leverage.
4. Market Selection
Before choosing the right internet home based business idea, one must first identify the fastest growing industries as well as the most profitable home based businesses. Some of the fastest growing industries today are:
Greeting Card Industry – 7 billion greeting cards are purchased every year. Annual retail sales of greeting cards are estimated at more than $7.5 billion. Nine out of every ten households purchase greeting cards each year.
Working From Home – $401 Billion Dollar Industry.
Internet Marketing – exceeds $523 Billion according to a study done by the McCombs School of Business and is expected to reach 7 Trillion within the next 3 years.
Mail Order Marketing – $350 Billion Dollar Industry and growing.
Wellness Industry – $200 Billion Dollar Industry and expected to reach $1 Trillion within 10 years.
Nutrition Industry – $4.2 Billion Dollar Industry and exploding.
Weight Control Industry – $33 Billion Dollar Industry fueled by epidemic size obesity levels. An estimated 70% of the U.S. population needs to lose 10 – 50 pounds.
Personal Care Industry – $72 Billion Dollar Industry.
Cosmetics Industry – 8 Billion Dollar Industry – and steadily growing.
Travel and Vacation – $860 Billion and growing.
When developing an internet home based business idea into profitable home based businesses, it is not necessary to pick an industry which we already have an affinity for, although it certainly is desirable. However, as you will see in upcoming pages, if you have the Desire to build a business and new lifestyle, there is a fit for you out there. Again, the challenge is to select the right business and company when you start a business from home.
Not only should the market and marketing concept fit you, but in order for a business to be real it must have the right: Product, Market, Timing, Management, Company, Compensation, and Benefits and Rewards.
We should not look for get-rich schemes! If you are serious about your goals of personal development and building a long-term residual income and work diligently towards goals you will succeed.