Work at home: Take pay cut. Come out ahead.

To be able to work at home a few days a week, some employees agree to a pay cut. Work at home for half the time and you could save as much as $6,800 a year.

Would you take a pay cut to work at home? A survey by New York-based Dice Holdings released earlier this year found that 35 percent of technology professionals said they'd accept up to 10 percent less pay to telecommute full time. Read full story here

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Starting a Home Based Business: Service or Product?

Much of the time your business idea will determine whether your business is product- or service-oriented. The following questions are those a potential home based business owner should consider when either deciding on a business type or, after deciding, when planning a course of action to get from the initial idea to an operable company.

Product:

1. Do you need to create the product in advance or on an on-order basis?
2. If in advance, do you have a place to store the product once it is designed?
3. If per order, do you have enough time to devote to the manufacturing of the product if you obtain a large order at one time?
4. Where will you purchase the materials needed to create your product?
5. Who will produce your product? Can it be done at home, or will it have to be sent to another company; and if the latter, have you spoken to a variety of companies for an idea of cost and time?
6. If you will produce the order at home, do you have the necessary space and equipment to do so?
7. How much is needed to invest up front for manufacturing costs?
8. Do you have this money saved?
9. Where will you sell the item(s)?
10. Who are your competitors –- local and global?
11. Are you comfortable selling products?

Service:

1. Where will you perform the service: in the home, on the road, or at another location?
2. If at home, do you have the appropriate space?
3. If on the road, such as one might with a traveling spa, pet grooming, or personal trainer business, do you have reliable transportation and the equipment needed to go from one location to the next?
4. Do you have the equipment needed to perform the service? This might include equipment specific to the business, such as hair styling tools, as well as equipment needed to operate a company, like a computer, fax machine, and separate phone line.
5. If not, do you have money set aside to purchase the equipment?
6. Will you price per hour or per project?
7. Do you know what competitors charge for similar services?
8. Who are your competitors?
9. Many service providers have to work ‘off’ hours, such as nights and weekends. Is this okay?

Source
By : Kathy Murdock

Going Virtual: Working from Home and Making Money Online

It is rare these days that you would find a stay-at-home mom who is not also a work-from-home mom. Few families have the luxury of being able to survive on a single salary.

The following list of jobs is great for moms who need to bring in some extra money, but who are not willing to sit in an office from 9:00-5:00 every day while their kids are in daycare and the house falls to shambles. These jobs can be done during steady business hours or can be spread sporadically throughout the day, during baby’s naptime, in between errands, and at night once the house is quiet. Read more

Direct Sales : A Fast Way to Start a Home Based Business

Direct Sales : A Fast Way to Start a Home Based Business

Benefits of Direct Sales

• Direct selling is a good way to meet and socialize with people

• Direct selling is a good way to earn extra income

• Direct selling is a good way to own a business

• Earnings are proportion to efforts

Home-based business?

A home-based business allows you to eliminate the cost of an office, a major expense for most small businesses. Also, most home-based business owners are eligible for a partial write-off of their house payment, utilities, and maintenance costs, given that you follow the tax laws on this meticulously.

Work takes up a lot of our lives. Home-based businesses can offer flexibility and freedom often not found in operating a business outside of your home.

"Turn Your Computer Into a Money-Making Machine!"

Well, this one's at least half-true. To be completely true, it should read: "Turn your computer into a money-making machine... for spammers!"

This is much the same spam as #5, above. Once you pay your money, you'll be sent instructions on how to place ads and pull in suckers to "turn their computers into money-making machines."

Home Based Business in India - Learn How and Where to Start

As much as a home based Internet business offers flexibility and great potential, there are a number of steps that one has to follow to ensure success. Indeed, it is this flexibility that can turn into a two-pronged snare. First of all, you will need great discipline by setting your time of work - and working. Working at home will make you face many distractions that must be dealt with accordingly. Manage your time well and let your family and friends know how and when to give you space to focus on your tasks.
It is thereafter that you will have quality time to spend with them joyfully. Secondly, you should avoid spreading yourself too thin. Do not try to do everything and grab every opportunity that knocks. You need to choose the few things you want to do and concentrate on accomplishing them with excellence.
Making a good business plan is a big first step. It is suicidal to venture out into any business without having a well thought out plan. You must ask yourself some pertinent questions such as the type of business you want to do, how you intend to carry it out, the necessary requirements, possible difficulties and how to solve them. However, if the plan remains on paper, nothing will be achieved. Take action. Start that business.

One of the first steps in achieving success is to choose a home-based business that you are not only familiar with but also interested in. And you have to be open to learn in order to keep abreast with current developments in that field. Learn the ropes and know how to get ahead and stay there. Remember that you are competing with other businesses all over the world.
Home businesses in India have opened a new scope of work for all Indians; people can work on their own time and convenience. And to start a home business you don’t need a huge investment.
You will need the endurance of termites in order to keep going even during times when the future looks bleak. This is one of the major reasons for choosing a field you have great interest in, for you will then have the motivation to carry on instead of getting discouraged. Turn every obstacle into an exciting challenge that offers you more ways of doing your business better and you will be happy when at last you look back and review your success. This will give you more confidence and determination to tackle any future problems - and you will have experience behind you.
Do not gear your business towards making it successful overnight. This may seem odd, but it is when you focus on fulfilling the needs of your customers well that your business will really flourish. Let your products or services help them better their lives and they will be glad to invest in them. Of course, you have to show them first how they will benefit. In other words, you must learn how to market yourself effectively. Which brings us to another point.
Let what you show your clients be consistent with the goods or services that you actually deliver. Otherwise they will not trust you next time even when you really have more to deliver.
With these actions, you will be in a position to make a success out of your initial plan.