You have worked hours on end, used hundreds, even thousands of dollars and you still are not making much money. You are not making enough money to even cover the expenses you have had. Are you a failure? You are a failure, only if you choose to be. There are hundreds of home businesses out there. You could not be a failure at all of them. You could not even begin to make an effort to try them all. I am not suggesting that trying them all would even be an option. When you give up or quit trying, then you have failed. Maybe the home-based business you chose to make your fortune in, is not the business for you, but you can never quit trying. In fact, only trying, is not an option. You do not try, you succeed.What kind of plan did you have when you chose the home-based business you are in, and what makes you feel like a failure? When you began in this business, what were your expectations and were those expectations realistic? What would it take to make you a success at this home-based business? Does this business fit into society? You must be able to answer these questions before you begin any business, whether it is a home-based business or not. Whether it is profitable, will be up to you. Are you the failure or is it the business? Maybe the business is just not for you because you jumped into it too quickly. If your home-based business has become a stone around your neck, you do not need to give up being a home-based business success. Maybe the home-business you are envolved in, is really not the home business for you. Maybe you are not even interested in the product or service that you are promoting. Just because it was advertised as making easy money, lots of money, with no experience needed; this does not make it a wise choice. Now ask yourself, do you know about any free lunches in this life? There are none. Never forget that, whatever you start out to do. And, taking the risk that you will immediately quit reading this article, there is something else you should always remember: if something sounds to good to be true; it usually is.Now, do not label yourself as a failure. Do some intense research. Like it was mentioned before, there are hundreds of home-businesses. Find one you like. Find one that you not only like, but you like the product or service and the way it is presented. Is it a reasonable service or product? How many people do you think will be interested in it? What does it cost? How much will it cost you to promote it? How much money can you put into selling this service or product? Do you really believe it is something other people will want? Is it marketable?Now that you are interested in this type of home-based business, you need to plan further. Look for a mentor. Again, there are many of them out there, all promoting their skills at mentoring. Find as many as you can. Look into them all. Look at their skills and the way they present themselves. What are their techniques? How many followers does this mentor have, and not just those posted in their profiles. Look at what they have accomplished. Is there any mention of them in other places or on other sites? What kind of background can you find on this mentor or mentoring group? What does he or she or the group expect out of you as a person or participant? Will they be there in the long run or just give you a running start? The mentor you choose, is as important as the type of home-based business you choose. It might be wise to choose a mentor that is representing the same sort of product or service that you are interested in. If you are interested in generally being successful in any home-based business, then the choice of a mentor is all most unlimited. Webster’s dictionary defines a mentor as a trusted counselor or teacher.Once you have made the choice of a home-based business and a mentor. Keep your ears open and listen closely to what your mentor has to say. Your mentor will be able to guide you and give you advise. The advise you get will be very important if you are to make progress and become a success. Your mentor will be like a compass and will be able to keep you on course. This is not to say that you should never question your mentor. A mentor is not a dictator, just a person interested in you and how you achieve success.You are not a failure. You do not have to stop trying. When you choose to be successful in a home-based business, just do some homework. If you had one thousand dollars to invest in the stock market, would you not take some time looking at all the stocks available and get some advise before you just put your money in any stock? This would be especially true if you had already lost money in the stock market before? Your time is worth money, so make it count. Invest in yourself and your return will be successful.Edward Simmons said,”The difference between failure and success is doing a thing nearly right and doing a thing exactly right”. Hard work and determination will give you the probability of the success you want. So, are you a failure at your home-based business? The answer remains, only if you choose to be.References:
Webster’s Dictionary
Edward Simmons
Are You a Failure at Your Home-Based Business? – Only If You Choose to Be
6 Financial Investments to Take This New Year
Every New Year usher new hopes, aims, and aspirations which are unique for everyone. When it comes to achieving financial goals, it is never too late to start though it is advised to start as early as possible to get better returns. In the pursuit of achieving your financial goals, you need to first understand the potential investment options in order to make the right decision that will not only ensure financial stability and freedom for yourself but for your loved ones as well in the years to come.
The idea is to start small; you do not need pots of money to invest. Here is a list of possible areas where you can venture into to understand smart investing. These financial investments should be at your New Year’s resolution list as they are a combination of risk-taking, investment amount and return of investment (ROI). These investment ideas will allow you can to balance your short-term and long term financial interests.
Real Estate: This investment option carries medium risk and investors need to select the right property to get the highest return.
Unit Trust: This is a collective investment plan that permits small and medium investors with similar investment ideas to pool in their funds and invest in a portfolio of securities. The pooled funds include cash, bonds, shares, properties etc. These are long-term, safe, and adopt a steady approach towards investing. By investing in unit trusts, investors with limited time can gain higher returns from capital markets. This investment option carries low to medium risk and suits the common man who is interested in equities but does not have the funds to expand independently.
Fixed Deposits: Fixed Deposits (also known as Time Deposits) offer a guaranteed rate of return on your investment. Almost all Malaysian banks offer fixed deposit accounts as they ensure hassle-free management and has government insurance. Moreover, fixed deposits offer a higher rate of interest than savings accounts and can be open with a relatively low minimum investment amount.
Invest in gold: Investing in gold is always considered good as it is an indispensable asset across cultures and geographical boundaries. Gold investment can either be made in physical form (like buying gold jewellery, gold coins, or bars) or by means of ‘paper gold’ (via Gold Investment Accounts of banks).
Insurance: Investment linked insurance policies or ILPs provide extensive coverage and a good return upon maturity. These investments do not require large investment capital.
Amanah Saham Bumiputera: This is a low-risk investment option that you can consider if you are planning for long-term investment. This is tailored specifically for Malaysian Bumiputera and is managed by Amanah Saham Nasional Berhad which is a fully-owned subsidiary of Permodalan Nasional Berhad.
Flipping Houses For Profit – Easy Home Based Real Estate Business
Simply put, the process of flipping houses can be described at purchasing a property and reselling it for a profit. The house flipper (potentially you) tries to complete the entire house flipping process within the shortest time interval, thus making quite a hefty profit.
Attaining success in the house flipping game requires the potential investor to think like a real estate power investor and capitalize on the available opportunity by executing a series of well timed decisions to the best of one’s ability and access to resources.
If you’re planning to resell houses (better known as ‘house flipping’), you need to have a solid framework of the strategies and techniques that can be put into practice, in addition to the technical know-how in areas such as tax planning.
Once you have a strong educational framework ready, you need to start planning on achieving success.
Your Planning activity should include:
Setting your short (daily, weekly, monthly), medium (quarterly, half yearly, yearly) and long term goals (more than one year).
Determining exactly what tasks you would like to achieve in a given period.
The strategies you’ll be implementing in executing your plan.
You’ll be performing these strategies everyday, thus as you probably know by now – real estate investing is locating properties that can be sold with comparative ease, negotiating the details of the process and then choosing the best path of action that should be implemented by you for archiving the maximum profit.
If your lucky, it’ll be a quick flip after a minor (or major) property rehab, while at other intervals you’ll just be required to buy and hold your house so that it can be sold at a higher price at a future price, while sometimes its a little bit of both. Thus, the key to real estate investment success lies in determining what the market wants in order to make the maximum profit.
If your getting started now, and are scared about making mistakes, thus will cause a sense of dread within you, that will prevent you from reaching the peak of success. Don’t allow this dread to set in, instead take the assistance of an experienced real estate investor, who has gone down a similar road as you, for being your mentor of sorts, who has the ability to gently guide you by the hand until you reach the winner’s circle with up to date advice, encouragement and valuable words of wisdom.
Real estate investing is an art and one needs to know exactly what strategies to use no matter what situation the market is in (it hasn’t been hotter in the past 30 years than it is in 2009), and you will need all the tools of the real estate investing trade, such as the acclaimed patented real estate home analyzer robot software to quickly determine the value of a property and identifying the relevant comps, thus arming you with the correct information as part of your property research. Best of all, it automatically pulls the values and comps from three of my favorite websites. Then it prints a PDF report that you can save and utilize it while comparing different properties, so as to make the most economical offer.
Real estate investing does take commitment and stamina. You too can start today, by taking these simple lessons to heart and allowing the touch of a master’s hand to transform your dreams into a reality.
Written by Charrissa Cawley (fondly called “Cher” by her buddies), founder of the Real Estate Power Investor home learning e-course – the complete learning resource that goes into the depths of real estate investments as per the current market scenario.
She’s a multimillionaire real estate investment guru, who just until half a decade ago used to be a 31 year old stay at home mom. She has aced the world of real estate investing, making US$2.14 million dollars in her first year as a real estate investor as net profit. She has long standing reputation for excellence as a real estate trainer, gifted speaker and wealth building coach. Her strengths include training entrepreneurs of all experience levels in all areas of real estate investing and financial literacy.