Robert Kiyosaki, Donald Trump, President Clinton, President Obama and many others understand the dilemma that our country faces. With the way the job market is and people losing their homes and struggling to get by they are all looking for alternative ways to supplement their incomes. What a lot of people are seeking is a legitimate home based business. Many people just want an extra $500-$1000 per month and others want to make big money $10,000 – $20,000 per month. The key question is how do you filter through all the many companies and find what is right for you?When you do find a legitimate home based business, yes you can live a very prosperous life and fulfill all your dreams through network marketing. However, because of the horror stories about people losing their shirts, the industry has been falsely labeled (Scam, Rip-Off, Pyramid). The truth is network marketing does work, however if you are seeking to get involved in one, it is up to you to do your due diligence and research the companies prior to investing your hard earned money. I personally believe that there are far to many companies that are in pre-launch which basically means that the companies are new and they haven’t done anything yet.Being new isn’t necessarily a bad thing, but then again are you playing the stock market or are you trying to build a business that you can call your own and build financial security and freedom for you and your family that will last for years to come. In order to find that legitimate home based business that maybe just right for you: Choose a business that has a product that you believe in, pick something that you would use yourself. Actually most legit companies want you to be a product of the product. After all how can you tell others about something that you have never tried or used yourself.A strong belief in what you do, will carry you a long way in this industry. If you do your homework and choose wisely you will give yourself and opportunity to live the lifestyle that you may have only dreamed of. Imagine being able to travel the world, having a huge beautiful home, nice cars, your children attending the best schools and having your bills paid and money never ever being an issue again.By becoming an entrepreneur and legitimate home based business owner, you give yourself a legit chance for all these things and much more. No-one once to risk their hard earned money on what could possibly be a scam or a rip off. There are however thousands of companies for you to filter through before making your decision. Here are a few signs to look for before you sign up for a new business:1. If the company doesn’t have a physical address, that’s a red flag!2. If the owners of the company have been with 3 different companies in 4 years, that’s a flag too!3. Companies that don’t really offer any product or service, don’t do it!4. Compensation plans that require a Master’s Degree, to understand. Not necessarily a red flag however this can be more trouble than it’s worth when it’s time for you to get paid.5. Companies that offer no training or support, a big no no! Don’t put your money into a new business and then not have a clue how to run it or make money from it.I mean this list can go on and on, I’m not going to tell you that any business will be easy because it’s not. If running a business and making a lot of money was easy everyone would be doing it. You can do it and succeed if you choose carefully and put in the work needed to succeed. You can make your Plan B a reality and have a legitimate home based business of your own, simply put in the work.
Considerable Factors Involved in Product Creation & Marketing
The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.
Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.
The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.
It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.
Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.
The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.
People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.
Effective Marketing Strategies in Product Creation
Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.
If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.
Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.
For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.
No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.
There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.