7 Easy Ways How People are Amazingly and Quickly Becoming Rich With Domains

As we all know there are millions and millions of domains on the internet. " Actually, there are billions ". Every year over 50 to 100 million people are login onto the internet for the first time with very little knowledge and they are looking for information. They are looking to buy or sell, to obtain something of value or to make money. That is the bottom line. Why are you here?

As we all know there are millions and millions of domains on the internet. " Actually, there are billions ". Every year over 50 to 100 million people are login onto the internet for the first time with very little knowledge and they are looking for information. They are looking to buy or sell, to obtain something of value or to make money. That is the bottom line. Why are you here?

Domains are a lot cheaper now than ever before because so many online companies are surfacing and competition is fierce against each other for new business. This is no different than corporations in the real world. So many people have a wider variety of options to choose from. Now that options are more versatile, more experience internet users are now looking for quality.

Example:

* Quicker loading time.
* More space (500 gigabytes space or more).
* Automated templates for those who do not know HTML.
* 24 hour tech. support.

These options increase your potential to dramatically becoming successful in any online business you choose to do. There are even domains that help you with marketing strategies to boost your online business. What business should you start? The sky is the limit. Any business you can dream of. There are those that have a nitch and others that do not. Remember that everyone is different. If you do not have a nitch, a word of advice, find out what people like.

Create a nitch for what they want and make it available to them and they will be buy it. You can find out what people are looking for at (inventory.overture.com) and typing in key words. Overture will show you how many people are looking for a subject based on those key words. Once you find out what people are looking for, then you choose and build a business in relation to the subject based on those searches you have discovered.

Other options are online affiliates program. There are thousands upon thousands of affiliates programs out there. Some are good and some are bad. Some are legit and others are scams. How do you know which ones are good and which ones are the best to get into. How many of us have seen an affiliate programs that give instruction to take 5 dollars and send it to five people in a chain letter and they will do the same and then in no time you will have 2 millions dollars in 4 months. Come on? Let's be for real. Real affiliates online business sell a real product or service and are backed with great reviews and have high positive feedback in major newspapers, TV, Press Releases, Magazines, Radio, Better Business Bureau. The list goes on and on. The best affiliates programs have everything automated and state of the art technology to make it very simple for the beginner as well as the advance user to be successful.

The very best business that out shines all other businesses on the internet is the Domain business. It has all the positive features listed above and everyone can have there own domain. There are 2 major types. We all are familiar with the traditional (.COM) domains. You sign up and register a domain with (.COM). You Find a nitch and do every thing listed above and hope everything goes well. The other options is the (.WS). It does every thing the (.COM) domains does but there is a big, big, big difference. This is where many millionaires are being created. (.WS) not only does all the positive things listed throughout this whole article,(.WS) also pays anyone for helping anybody to acquiring there own Domain and the payments given to those by (.WS), are royalties forever.

The amount staggering. You, your families there children and their children. These large sums of royalties given are forever because as long as the internet exist, (.WS) just like, (.COM) will exist. Companies come and go on the internet but the internet it self will always exist. Can you really understand this powerful awesome concept? This is why the Domain business is the most secure business online. The (.COM) and, (.WS) is wedged into the internet itself so it is forever and the big, big difference is that one pays you incredible large, royalties forever and the other does not. For the past the 20 years, the internet and Domains have taken a positive turn for the better to improve all of our lives no matter where you are in the world.

How is your journey coming along? There is not enough space here to give you all the incredible benefits on (.WS) but free tutorial courses is available. If there is anything I can do to help you understand the true value of Domains and how to employ .WS in your life, do let me know. I would love to hear from you. References below.
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Charles Wright, Consultant, founder of (Power Profit Inc), If you have any feedback or any questions, I would love to hear from you today! No matter is too small. our ">http://freedom.ws/view/show_dvd"> free tutorial on .WS is favorite around the world.

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Turning A Small Business Into Big Business

There are a lot of small "mom and pop" businesses in the world today that have so much potential in turning there companies into big empires. One of the reasons why there small business isn't booming like it should is because of a lack of resources. The problem starts where your marketing begins. Sometimes it can be just the simplest things that will not only increase sales but help build your business foundation. The biggest advantage that a big business have over a small business is there "brand name". There is a lot of competition out here and in order to be the best, you have to be different from the rest. Be creative in your marketing avenues.

There are a lot of small "mom and pop" businesses in the world today that have so much potential in turning there companies into big empires. One of the reasons why there small business isn't booming like it should is because of a lack of resources. The problem starts where your marketing begins. Sometimes it can be just the simplest things that will not only increase sales but help build your business foundation. The biggest advantage that a big business have over a small business is there "brand name". There is a lot of competition out here and in order to be the best, you have to be different from the rest. Be creative in your marketing avenues.

Here are some things that can help a small business bloom

One main resource that should never be looked over is the internet.


First get a inexpensive website up. Believe it or not, there are so many companies that do not have a website for there business. Internet companies are not only starting to compete with these big companies but the internet is turning regular everyday people rich.

Another thing is business cards


Business cards can make or break a business. They help brand your business, make you look professional, and simply can help build your reputation. I have never seen a real business that do not have business cards.

Door Panel flyers


A business owner that is dedicated to his business will have some of these. They are good for when you travel or simply just on the go.

In any business, marketing is key. Whether you have a product you sell or service you provide, its not what you sell, its how you sell it.

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Lessons From My First Small Business Attempt

After reading Robert Kiyosaki's book Rich Dad Poor Dad I was very keen to start my own small business. Despite having spent my life working for a pay check I decide to become rich I would need to start my own small business that I could run part time. To this end I brought a sited soft drink vending machine for $4500.

After reading Robert Kiyosaki's book Rich Dad Poor Dad I was very keen to start my own small business. Despite having spent my life working for a pay check I decide to become rich I would need to start my own small business that I could run part time. To this end I brought a sited soft drink vending machine for $4500.

Although I'm not that mechanically minded and knew nothing about vending machine I still went in feet first. I plugged the sellers for all the information possible and he promises to forward me on an instruction manual (he never did!). Despite that vending machines are fairly simple. They are a giant fridge that hold drinks. The most complicated part is the computer vending mechanism that recognizes what change is being put through and guarantees its money and not metal rings or the like.

Everything was going fine and I fortnightly restocked the machine. It was pulling in about $70 a week, which meant it would take two years to get back my ROI (return on investment). On top of that were petrol costs, time restocking the machine and counting the money and bagging it for the bank. Everything was going fine as the machine was sited in a boatyard warehouse. Hot young men with no air conditioning dying for a cold drink.

However a few months later disaster. The boat builder owner - who was never the most friendly guy and seemed to just tolerate me locked the gates. I wanted in to my machine and he said come back in a couple of days. I came back and the company was GONE! I was afraid my machine might have gone walkabout as well and $4500 was gone (its near impossible to get insurance for a vending machine).

I eventually contacted the warehouse owner and he was kind enough to let me in. My vending machine was there, but no customers and the owner wasn't interested in being burnt again over rental so was selling up and didn't know how long it would be before a new business would be there.

I had to move the machine to a new site - which earn practically nothing. The cost of shifting the machine was expensive. I found suddenly the vending machine world was very competitive and I didn't have the time or nature to sell. Eventually I sold the machine for $3500 and although I didn't earn any money I certainly learned a lot of lessons.

My next business would need:-

No traveling
Not relying on other business owners
No sourcing product constantly
Have a known rate of return
Be larger than just my local market
Cost less money to set up
Have a bigger income potential.

I found that business on the internet.

Like to know what that business was? visit http://freedom.ws/alstar70

This article is the property of Alastair HARRIS and his immediate family. It may be freely republished over the internet but must include original links.
Alastair HARRIS is the main promoter for article-gems.com article directory (visit http://www.article-gems.com) and the getfinancialfreedom4u family of websites, blogs and projects (visit http://getfinancialfreedom4u.ws) specializing in online business opportunities and education, income being generated by affiliate marketing, Google, GDI, eBay, e books, clip flipping and more. Alastair is rated as an expert author on numerous article directories and is very open to assisting others on the internet

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Who Will Buy Your Business - Part 1

If you want to get the best price, terms, and structure when you sell your business, it is critical that you know who the potential buyers are and what they are looking for. This information will allow you make strategic decisions and position your company to increase its value in the eyes of prospective buyers.

If you want to get the best price, terms, and structure when you sell your business, it is critical that you know who the potential buyers are and what they are looking for. This information will allow you make strategic decisions and position your company to increase its value in the eyes of prospective buyers.

In that light, let’s discuss some of the types of buyers you might encounter when you decide to sell all or part of your company. We can first divide the buyer universe into Insiders and Outsiders. It will depend on your goals for yourself and your business as to which group you will want to sell your business to. Insiders include family members and employees. In order to transition your business to family in the most tax efficient manner, your goal will be to minimize enterprise value and obtain the lowest defensible (should the IRS choose to question it) valuation.

A method for selling the business to employees that is gaining popularity is the ESOP (Employee Stock Ownership Plan). ESOPs can be a great way for you to transition ownership to your employees in an extremely tax-efficient manner. They are not for all companies, however, and I would highly recommend that you enlist professional help in evaluating their viability for your company and setting up the plan. Compliance costs can be high, so your company should be large enough for these costs to make sense (payroll should be at least $1 million annually). Also, if you the owner want to walk away with cash, the company will need to borrow money to fund the ESOP – so there has to be collateral and cash flow available for the loan to happen. A great source for information about ESOPs is the website of The National Center for Employee Ownership: www.nceo.org.

Insider sales are generally motivated by reasons other than financial but they often fall apart because of financial realities. Keep in mind that insiders usually don’t have a lot of cash, so you will likely still need to depend on the business for your retirement income after the sale. In Part 2 we’ll discuss the buyer types – Outsiders – who usually bring the most cash to the closing table.

Tom Gledhill has over 35 years founding, building, buying and selling companies. He is a partner in Delta Capital Group, a Business Sales and Acquisition firm specializing in the preparation and sales of companies in the lower middle market with revenues of $1 Million to $20 Million.

For more information on preparing and selling your company please visit: http://deltacapitalgroup.com

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Top 8 Advantages Of Internet Marketing

Ring! The alarm clock goes off and its Monday already and you are saying Here we go again, man the week end was just was not long enough. You get up and take a quick shower and eat your breakfast and its off to work to a boss, and co.workers you cannot stand.

No this is not a bad dream, this is a reality for millions of people today and that is the bad news but the good news is, there is an alternative.

Ring! The alarm clock goes off and its Monday already and you are saying Here we go again, man the week end was just was not long enough. You get up and take a quick shower and eat your breakfast and its off to work to a boss, and co.workers you cannot stand.

No this is not a bad dream, this is a reality for millions of people today and that is the bad news but the good news is, there is an alternative.

No I am not talking about winning the lottery or buying a franchise or even getting into real estate.

What I am talking about, is internet marketing. You say, OH you mean Ebay! I have tried that before and that does not work. No there is more to internet marketing than selling on ebay.

In the basic sense, internet marketing is finding a market and seeing what they are searching for and giving them the product they want to buy over the internet. Any way lets look at some of the advantages of internet marketing.

The first advantage to internet marketing is the ease of entry. You can buy a domain name for less that $10 for a whole year and web hosting for less than $50 a month. That is less that $1,000 a year combined.

Which brings us to the second advantage of internet marketing, and this is low overhead. In internet marketing your overhead is a computer which you can get less than $1000 at your local electronics store and your internet service provider is usually cheap.

Also your web hosting and a domain of course and some keyword research tools and auto responder software and your marketing.

If you were to buy a franchise you would probably spend millions, just to get into the door and that is before you even make a profit and you would have to deal with employees.

The third advantage to internet marketing is the geographic flexibility it provides. You can be almost any where in the world as long as you have an internet connection. Your business is open 24 hours a day and seven days a week.

The fourth advantage to internet marketing is You do not have to deal with a boss. Almost of us have dealt with some pretty arrogant, mean, and stupid bosses but when you in the internet marketing business you call the shots.

.The fifth advantage of internet marketing is you do not have to deal with co. workers. I am sure you have been there, co. workers that goof off and do not pull their weight and talking about you behind your back but in internet marketing you have more control with whom you work with.

The sixth advantage of internet marketing is you can set your own hours. When you have a regular job you have to work 9-5 or when your employer tells you to come to work. In internet marketing you have more flexibility in your schedule.

If you are a night person you can work your internet business at night and if you are a morning person you can work in the morning and if you are an evening person you can work in the evening.

The seventh advantage of internet marketing is you do not have to deal with employees. Employees can be a pain. Employees can be very demanding and you have to worry if they are going to come to work on time and it cost you more money because you have to pay your employees those benefits

In internet marketing you may have to do some outsourcing but you do not have to have employees because most of your internet business can be automated.

Which brings us to the eighth and final advantage of internet marketing and that is, unlike other businesses, you can put your internet business on auto pilot. What this means is, once you have tested your ads and have done enough marketing and sent enough traffic to your website and you have a good conversion rate, your internet business will run on autopilot.

The reason this is possible because you can you use auto responders to follow up your customers automatically and you can use a payment processor that automatically collect payments from your customers.

These are some of the advantages of internet marketing that I feel will help you on your road to financial independence.

Hildonne Buckley is a internet marketer and He will send you a free minisite creatation pack valued at $97. You can get at http://www.automated-fortune.com

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5 Golden Rules for Successful Email Marketing by Black Hat Jack

One of the most critical factors to succeeding online is building an email list, you hear it time and time again the money is in the list. To a certain extent that is true obviously it has to be a responsive list you could have a list of 100,000 email addresses in your database but if they do not take the desired action or worse don't even open your email then it is a complete waste of time. I have written this article to give you 5 killer ways to succeed in email marketing.1. Pay For An Autoresponder ServiceThis is something that is vital to your email marketing success, there are certain times when free has its place in online business but autoresponders are not one. If you want your emails to even reach your subscribers inbox never mind get opened then you must use a reputable paid autoresponder service. Deliverability is a big problem caused by the spam issue this shouldn't be a problem if you have a good autoresponder service they will have built a good relationship with most of the email providers such as yahoo etc to help get your email delivered instead of flagged as spam. A good auto responder service will have a function where you can check your email for spam triggers before you send it out. One last thing before we move on is make sure your subscribers are double opt in which basically means when a visitor signs up to be on your email list a good autoresponder service will give you the option of sending a verification email which the subscriber has to go click on the link to verify they have requested to be on your list.2. Test Your Subject LineThe first thing your subscriber will see when checking there email is the subject line of the email, what you need to do is make it compelling enough for your subscriber to want to open the email especially if it is a promotional email. The best way to get an indication of whether your email will be opened is to test different subject line. So how do you do this? Well you would send the promotional email to a small section of your full subscriber list for example if you had an email list of 10,000 you could select the first 500 in your database 250 would receive one subject line and 250 would receive a different one then you would check how many opened the email from each group giving you the figure of which worked best. Then you would roll out the most successful subject line to the rest of your list. There are many ways you can do this technique obviously depending on the size of your list you could test as many subject lines as you want or send the test to a higher percentage of your list. 3. Which Format HTML or Text?This is something that a lot of new internet marketers will not think about but it is very important. When sending email most autoresponder services will give you the option of plain text or html emails now a big point you need to consider is that there are many email clients that only read plain text so when they receive a html email it shows all the html code making your email look totally unprofessional and also unreadable, my advise is send your emails in text format if you want a fancy layout in html you can always direct your subscribers with a link to your blog or html newsletter page.4. Have you got an Opt in Form?It absolutely amazes me how many websites I visit that do not have an email opt in form on there site. Remember this if nothing else in this article ALWAYS ALWAYS and another ALWAYS put an email opt in form on every website you create even if you do not have anything to sell at that time you must start building an email lists as soon as possible.5. Resend To UnopensOk this is the final point and something that is rarely talked about in internet marketing when you send out an email especially a promotional email check your unopened stats most quality autoresponder services will have a function that shows you who on your list did not open your email, what you must consider is that even with the best subject there is always a chance your email will slip through the net especially if your subscriber is on many email lists (internet marketing is a prime example) or on holiday etc. You can resend the email to people who did not open your email when you originally sent it out there are so many lost sales because online business owners just thought oh well move onto the next promotion seriously don't make this mistake if they did not open the first time try again even if you only get one sale it was worth doing.I hope these points have given you ideas of what you can do with email marketing.

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Black Hat Jack is the author of The Theory Of Internet Marketing and publisher of Black Hat Marketing Ezine you can find both at http://www.blackhatjack.com. Black Hat Jack is dedicated to helping people who are serious about creating a successful home based online business.

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Alticor The $6 Billion Dollar MLM Giant Sanctions Its Entire 30,000 Uk Sales Force

Alticor the $6 billion dollar MLM giant Sanctions its entire 30,000 UK sales force.

War is about to break out, between MLM giants, the $6 billion turnover, Amway Corp. (Alticor and Quixtar.com in the US)and its 3 million sales force.

It looks as though, what has been on the horizon for many years; is about to happen. War is about to break out, between MLM giants, the $6 billion turnover, Amway Corp. (Alticor and Quixtar.com in the US) and its various system wealthy multi millionaire, independent business owner (ibo) organisations, throughout the world.

There is approximately a 3 million ibo sale force, in over 50 countries, throughout the world, so developments over the next year should make interesting reading!

What is all the fuss about? Well, starting with the United kingdom and Ireland. a very surprised and shocked sale force and just before a holiday break, received an email, which can be read below or on www.mlmleads.eu.

In a nutshell, Amways seemingly soft touch with its ibo (independent business owner) sales force, over their lucrative, conference, speaker, books and cd systems, which many organisations run side by side with their Amway business, is about to come to an end.

This income that Amway has now blocked, is known as system money by the ibo sales force and millions can be made from it by its successful ibos, they are known as "system lords".

Amways zero tolerance on system money started with the UK and Ireland on May 4th 2007 and will then roll out to the rest of the world, that’s when surely war will break out.

Starting with the UK and Ireland, it has banned all sponsoring for at least 8 weeks and banned all system conferences, books and cds. Which essentially are not run, or distributed by Amway. Many ibos make good money from speaker fees.

It would seem that Amway has finally got fed up with the negative media and Internet sites which have berated ibos who make more system money than they do out of their Amway networking business and are now making a stand, whatever the cost.

Most people would agree, Amway itself is rarely attacked; it is the ibos themselves who tend to shoot themselves in the foot with their greed to make as much system money as they can, at the expense of the naive ibo, and this is where most of the complaints come from.

Luckily I belong to an organisation that has always been anti system money, because of the greed factor, so we are not to worried; we make our money on product sales and referral income, which was the original pure dream of Alticors co founders Rich De Vos and Jay Van Andel.

However the big boys, who earn mighty bucks from the multi million dollar system, are going to be rather angry; lawsuits are sure to fly and could lead to the break-up of the multi billion privately owned business.

The implications on the numerous non-Amway professional speakers and writers and even hotels, will be interesting to see. If a good positive reading book comes out ibos can order one hundred thousand plus in one go. The system lords, are also one of the largest conference and hotel room bookers in the world.

It would appear that Alticor, the parent company has initially picked on one of the weaker countries as far as the business goes to implement its zero tolerance stance.

The UK has always been a difficult country to crack and it would appear they are working on the principle of limited damage, i.e. lets see how the UK ibo sales force reacts and go on from there. I notice they haven't picked on their own US business network yet. The UK would appear to be the first lamb to the system money slaughter.

After one day the UK sales force doesn't appear to be reacting very well, they are in shock. They are already threatening to "go on strike". Many of the large US business ibos, who have very deep pockets, have business interests in the UK and have already instructed lawyers regarding such matters as: breach of contract, breach of human rights to hold meetings, and the implications of the free trade enterprise system and freedom of speech and the rights of a corporation to dictate to its independent sales force in such a way.

Why are ibos shocked. Well the very essence of a network marketing business or MLM business, is that you are your own boss, to a keen ibo JOB means Jackass Of the Boss, no security and guaranteed redundancy at some time in your career and probably no pension. In other words if you rely on the system, more fool you. Up to now the Amway has lived up to its word of providing a regular income for those ibos who have dedicated themselves to building the business.

To receive an email like this, with no warning to the leaders, just before a holiday break, is just what ibos hate, corporate mind games and total lack of feeling for people financial futures. There had been no discussion or communication, before this email.

One well-known ibo has commented "My faith in Amway and what it stands for is not dead but very badly shaken, I cannot believe that the co-founder Rich De Vos has sanctioned such a blatantly provocative email. He would never change the goal posts this way. His book compassionate capitalism talks about this very thing".

"We don’t make any system money, so why are we been treated in the same way as those who are greedy and violating the system, it really is not fair".

"Many families rely on the income derived from this business and to not be able to build it, for at least two month is tantamount to a breach of contract and Amways good word. I have had ibos at my house and on the phone crying their eyes out, it is an absolute disgrace, I feel let down and cheated by the Amway corporation. I really feel I am in mourning I am fighting to not loose faith in people and become just another cynical human being".

In my opinion, based on 19 years in the business, both sides are absolutely right on this issue but so absolutely wrong. The email below explains Amways position. The losers in the end will be the honest ibo sales force who have worked very hard to create a future for themselves and their families. The only winners in the long run, will be the lawyers. There will be future updates on www.mlmleads.eu, starting the 6th May.

The email that has caused all the fuss:

Letter: from Ben Woodward Branch Manager Amway UK UK/ROI IBO Communication

May 4, 2007

To: UK/ROI IBO Leader
From: Ben Woodward, Branch Manager, Amway UK

RE: Significant change to Amway’s mode of operations in UK/Republic of Ireland.

This letter is to inform you of significant changes to the way Amway will conduct its business in the UK and Republic of Ireland. These changes are effective immediately. While these changes may cause short-term challenges for some of our IBOs, we strongly believe the changes will make our long-term business in the UK/RoI stronger.

Effective Immediately: 4 May 07.
Amway will prohibit the production, sale or promotion of BSM that are not authorized and distributed by Amway; this includes websites. This includes any BSM (books, tapes, meetings, CD’s, websites) that have been already been approved by Amway UK/RoI. They are now considered unauthorized for use.

All meetings for which an entry fee is charged are suspended until Amway has approved, in writing, the meeting and its content;

Amway has imposed a moratorium on sponsoring new IBOs for at least 60 days and until current IBOs are re-trained and re-qualified;

We are evaluating all costs associated with joining Amway;

We are also sanctioning a number of IBOs based on contract violations that have come to our attention.

Failure to comply with the above mentioned points 1 to 3 will lead to a suspension and/or termination of the respective IBO contract. Please also note that Amway is in no way limited to these sanctions, but can impose further corrective or punitive measures.

In addition, the company is announcing a thorough review of its business practices globally with the goal of ensuring a consistent, rigorously enforced set of rules and regulations governs its relationships with IBOs and consumers.

That global audit has begun, and we expect it to be completed in June, and will share the results with you later this summer.

These are important steps, but in some ways, they are not surprising ones. Many of you know that for the past 10 years, Amway has been moving to exert more control over the way we do business globally.

In newer markets that has meant, for example, outright bans or tight restrictions on the sale of non-company BSMs and the requirement of a more consistent, approved messaging and branding by IBOs about the Amway business opportunity.

While most changes in other markets have been carried out gradually around the world according to our timetable, we need to move more quickly here. This is in response to serious concerns raised about Amway by the Department of Trade and Industry (DTI) following the receipt of complaints about BSMs and misrepresentation of the business to prospective IBOs.

At this time, we can not specify when sponsoring will be allowed to resume. We will continue to communicate with key international and local IBO leadership to update them on developments of a new operational mode in UK and Republic of Ireland.

Enquiries

For example, if any IBO has a planned meeting for which tickets have been sold (that is required to be cancelled and ticket purchases refunded), or they have unsold inventory of BSM, or have unsold Starter kits, or have completed applications not yet submitted to Amway, they may contact the dedicated enquiry telephone number – 01908-629400 (press option 4).

In the following weeks, we will seek to meet with you personally to discuss the implications of this policy change and respond to any questions you may have. Meanwhile, please feel free to call me at 01908-629404.

Amway has been in the UK/RoI for more than 30 years, and today is a strong, growing £13 million business with more than 100 staff and 30,000 IBOs. We are entering into a challenging period of time.

But we believe in this business, we believe in our values and we believe in our IBOs. We are committed to making the changes we need to make in order to ensure the continued growth and success of Amway in the UK/RoI.

BEN WOODWARD
Branch Manager – UK / RoI
constant updates: www.mlmleads.eu

About the Author:

Demetrius Eto has been building a successful Amway business in the UK for 18 years, recent controversial developments in the UK has led to him consulting on the ethics of the business and its future. For constant news updates go to: network marketing leads.

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Tips On Writing A Business Plan

When you're ready to start your own business - whether you plan to start a home based business, retail store, service based business, online shopping site or otherwise - the first step often involves writing a business plan. Without a business plan, you won't know how to get started, or how to grow and maintain your new business.

A business plan is a simple roadmap. It's a plan which tells you what you're going to do, when, and how. The business plan also helps you clarify the type of business you intend to start, who your customers will be, and what your products or services will be too.

If you plan to try and get funding for your new business from either a bank, standard lender, or investor, you will need to create what's known as a formal business plan. Formal business plans will provide a summary of your business and market, then go into explicit details about your products, customers and markets, suppliers, profitability estimates, analysis of the competition and more. These formal business plans can often run twenty pages in length and take months to complete.

Small business owners however, don't need formal business plans to get thier business started. Often a small business will create their first business plan in the form of brainsorming notes, or outlines. And this is fine to get started with.

The important part though, is actually writing down some kind of plan. Too often, very small businesses will try to get started without any business plan, so their ideas are vague and they often don't know which steps to take next. By writing something down, even if it's just very informal brainstorming notes, you'll have a much clearer picture of what kind of business you want, and how it should grow over time.

Here are several things you should think about when writing your business plan:

1. What kind of company are you starting? Is it a retail store? A professional service? An online website?

2. What is the purpose of your new business? A business can be started for fun, but if you want it to be profitable then you need to know why you're starting it. Are you filling a need of some kind? Creating something never seen before?

3. How will your business make money? Will you sell products and if so, which ones? Where will you get the products from? How much will you pay for the products and how much will you sell them for?

4. Who will be your customers? Knowing who your customers will be is a critical part of writing any business plan. If you know your customers live on limited fixed incomes for instance, then you automatically know you cannot sell them products or services which cost thousands of dollars. Knowing who your customers will be also helps you to know where to place your advertising and marketing efforts.

5. How will you get those customers? Whether you plan on calling each one of them on the phone personally, or you'll be hiring a top notch sales team, you need to know how you'll get customers or your business may never get off the ground.

These are just the basic steps for writing a business plan of course, but they are the most important ones.

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The best home based businesses idea.

The ideas that stand the best chance of getting a business off the ground are those that are based on a known demand for a product or service. The basic rule about business ideas is, the bigger your idea is, the more time, money and effort you will need to invest in order to make it pay. Every business starts with an idea. Some will be great business ideas that could make a profit and some are doomed to failure even before you pick up your pen to write it down. You just might not know it.It might be that you decide to start a turnkey business opportunity which requires very little knowledge to get up and running. Or even a christian home based businesses opportunity or other business which is targeted towards others who hold your beliefs and values. Even if you are 100% certain that your business is bound to work there are going to be problems. Most financial lending companies can not offer you a business loan until you have a solid business plan. Even during the initial planning and brain-storming stages you will need to find the money to pay for your day to day business expenses. It is a fact that most new business start ups fail because of under funding. Put simply you can not run a business without money.If you are trying to raise funds, get a small business loan or business financing from a lender, your chances of success are better if you present a business plan where the finacial section has been completed by an accountant. Before you get too involved in setting up your new business venture, it is in your interest to speak with a professional accountant. Follow the advice your business accountant gives you from the start and things should be much easier. When you are chosing your accountant make sure they are members of a recognised governing body or institution who work to a code of practice. If things do go wrong you will have some form of protection.If you are starting up a new business that you want to run at home, there are other areas where it is essential you seek professional advice. Right next to money advice and maybe even before it, is legal advice.Here are a couple of issues that may affect you. You need to have terms and conditions of trade which protect you if things go wrong. or ...A client may decide to take legal action and claim damages because you were not aware of something.Running any business is a legal minefield so don't take the risk. Get legal advice before you really need it.Once you have started your business up, you may find the need to learn about business management or find business resources to increase your income. When you run your own business you quickly learn that you never know enough. Working from home has more advantages than disadvantages for many people. Being close to your family, so you can watch them grow or be there to help if needed maybe the most important factor. Starting a business and working from home is not as easy as some people think. As long as you work at it and get advice when you need it, it shouldn't be too long before you start seeing a regular income for your efforts.


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Home Business Requirements

The idea of running a business from home has always had a certain appeal--albeit one that can be easily undercut when you actually wade through the complex rules surrounding taxes, insurance and other details.Getting started isn't as simple as plugging in a computer and getting down to business. If you've set up shop at home or you're thinking about doing so, it's now more important than ever to understand what's involved and how to use current home-work rules to your advantage.Where the tax picture is brighter. Deductions are the name of the game here, and the big question is: Do you qualify to write off home-office-related expenses? To get the "yes" answer you want, the IRS generally requires that you use your home office "exclusively" and "regularly" for business--meaning you can't transform your office into a family room after business hours. Moreover, the home office still has to meet one of three criteria. You're fine if the structure that's used for your business isn't attached to your residence, if you use the office to meet with clients or if the office is your "principal place of business."So what can you deduct? In general, you can write off a portion of expenses that pertain to your whole residence, such as repairs, mortgage interest or rent, property taxes, insurance and utilities. You can figure the deductible percentage of these expenses one of two ways: Divide the number of rooms in your office by the number of rooms in the house (if they are roughly the same size), or calculate the square footage of your home office and divide by the square footage of the entire home.Remember, though, that home-related deductible expenses can't exceed the income generated by the business. Expenses that pertain only to the home office--business owners insurance or office supplies, say--are 100% deductible and not subject to that limitation.Zoning matters. This may not be the first thing you think of, but local zoning laws can affect your home office. In some cities, you need a business license and will have to pay a fee every year. Other cities restrict the right of property owners to build separate structures. Zoning laws can limit the number of employees or clients in your home office at the same time (or even forbid you from having them). There may also be restrictions on how much of your home can be used exclusively for business. Insurance. What if an employee or a client gets hurt in your office? Don't count on homeowners insurance to cover you. A standard homeowners insurance policy provides no business liability coverage and very limited property coverage for business equipment. And if you operate a business without your insurer's knowledge, things can get murky. For example, if you are baking cookies to sell and there's a fire as a result, you may not be covered. The reason is that the business operation, not normal household activity, was responsible for the damage.One solution may be to add an endorsement to your homeowners policy to cover your office property and equipment, and general liability. This could run from $50 to $500 a year, depending on the nature of your business.With some enterprises, you may need a separate business owners policy, which offers more comprehensive coverage, including business auto insurance, workers' compensation and different types of liability coverage. Landscapers or others who generate income off-site aren't even eligible for an endorsement. Also, if lots of clients visit or you have more than $5,000 in equipment, consider a separate policy. Because of the recent explosion of the home-office market, some insurers have developed specialized policies, which cost between $250 and $1,000 a year for property, on- and off-premises liability and loss of business data or income. Your best bet is to ask the agent who wrote your homeowners policy to write your home-office policy. That way you can be sure to avoid coverage gaps or overlaps.


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Being Your Own Boss With Internet Business

Author: Chris Jack | Posted: 04-05-2007

Becoming a business owner has been the dream of many. For several, that dream has become reality and for others it is still a dream. There have been businesses that have succeeded and businesses that have failed. Starting a business is a risk. You do not have the security of a steady paycheck with taxes deducted and often health insurance included. For some, those types of risks are holding them back from pursuing their dreams of owning and operating a business. An internet business can reduce some of those risks.

The greatest asset to an internet business is the fact that there are very little start-up costs. You do not have to secure a location if you handle your entire business via the internet. Your business location can be the home that you live in. You can store material that you sell and ship your goods when orders are placed. In the place of paying monthly rental or leasing fees, you will pay the fees for shipping your goods. This provides yearly savings in the thousands. Those that may not have been able to afford those thousands can do the same work without the hefty investment.

An internet business also offers the advantage of nationwide availability. So many times people have brought things back with them from a vacation that couldn't be gotten elsewhere, yet others find it desirable. If you own and operate an internet business, your clients can tell people from all over the world how to get your product. Instead of having to travel to a distant location to obtain the item, they can get online and order the product from you and expect to receive it in days.

Accounting is another wonderful benefit to an internet business. When you produce an invoice or a receipt, it is saved as a file and you have the option to store that file right on the computer. You do not have to worry about paper invoices and receipts that can be easily lost. As long as you back up your files on a hard disk, you'll never have to worry about losing your important accounting information in the unfortunate case of an audit. You also won't have to worry about storage of year's worth of paperwork. Instead of messy files that are bursting at the seams, the files are on the computer and on hard disk which is easy to store and easy to access in times of need. There are even accounting programs that will track incoming payments and remind you of any client that has become past due on what they owe. These types of programs make keeping track of your accounting quite simple. They do all of the filing for you and all you have to do is back up those files on hard disk.

An internet business has several advantages over the traditional business. The costs are much lower, yet the growth potential for your business is great. Starting a business via the internet may just be the beginning of a career that truly has the potential to make you happy.

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Chris Jack is the CEO of YourBusinessMall.Info. To know much more updates and for interesting information on internet business visit his site http://www.yourbusinessmall.info/

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