Starting An Online Business From Home

by: J. Elisha Burke

Many people believe that starting an online business from home is difficult. In fact it is quite easy. If you are already familiar with what product you will sell you will need to create or hire someone to produce an online website for you. This website should list the product or products you have available. If you will be selling your own products, make sure that your online business has a name that reflects you and what you offer. After this has been completed, you should inquire in your local state to learn the guidelines necessary for you to run a business from your home. Many states require that even an online business register with them and receive a business license. You will have to get the necessary forms to request this license. After you have obtained you license, you should also find out how running an online business from home will affect you tax situation. You would still need to report any income you make from your business, even if you are working at home. After all this paperwork is completed for you business, it is important to set up your home office for you new job. It is suggested that you have a separate space to conduct your business affairs. A separate phone line that customers can call is also very necessary and I strongly suggest you get a fax machine. You will lose customers if you are not able to be reached by telephone, fax and e-mail. Having a separate phone line from the rest of the house is essential! Other than a second phone line, it is also a good idea to buy the necessary hardware and software for you home office. You will save lots of money if you have your own fax machine, scanner, and printer. Also it is probably wise to have the latest software additions for word processing and accounting. The accounting software is especially useful for you to keep track of all expenses and revenue for your online business. When you have established the business and things are going well, it is a good idea to consider outsourcing. This would mean hiring someone to take care of the little jobs that you would have to do such as email or letter correspondence or creating marketing brochures. By doing this, you will be able to focus on the more important areas of making money and marketing your business, which will be key to your success. Copyright 2005 Burke Publications All Rights Reserved About the author: Dr. J. E. Burke, an educator and entrepreneur, has been involved in various business enterprises via his business, Burke Publications for 11 years. Dr. Burke is an educator, writer and motivational speaker on a variety of topics. He is also known for his expertise on nonprofit organizations and grant proposal writing. Circulated by Article Emporium

Why Online Presence Is Essential For Small Business Success

by: Srinivasan R.G.

If you are any kind of small business or home operated business, online presence is essential. Majority of web site visitors are from the English speaking population due to the high levels of internet penetration in that category, online presence for all small enterprises cannot be overemphasized. The research data in the US about online connectivity reveals the following facts which may help to understand the importance of the web presence for businesses especially the small enterprise. 70 % of the US households have web connectivity. In 2004 worldwide online population was 801 million worldwide. Of these 36% used English as the language. Of this U.S. alone accounts for close to 200 million. The next major group was European languages with 38 % and major single language next to English was Chinese accounting for 14%. Home web users were generally affluent, literate, and belonged to the younger age profile. This means the web presence for any business is necessary if you want to succeed in promoting your products and services to a population who can afford them and also willing to buy them online. The household that did not own a computer or who were were not connected to the web, generally felt it is not useful or needed and cost too much. What this means for a small business owner is that they are better off promoting their products to people who were online. You small business success is undoubtedly linked to your online presence About the author: R.G. Srinivasan is a managerial professional, Writer and Author. He writes a regular blog on management thoughts with interesting articles, resources, personal experiences and links useful for practicing managers. Circulated by Article Emporium

Bottleneck-oriented Business Management

by: Stephan Szugat

Simple and effective Business Management In every enterprise there are, at every time, one or more bottlenecks, which have influence to the commercial situation. Bottleneck-oriented business management has the purpose to early track the bottlenecks and to remove them, to allow an optimum of commercial development. To know at any time, what a business lacks of and to be able to add the missing things, is today a determining competition advantage. Bottlenecks can be, e.g.: low sales proceeds  high due or overdue accounts receivables  low liquidity (Cash on Hand, etc.)  high amount of liabilities  low number of customers  too many new customers  too high capacity utilization  defective administration or management  and a lot more.  These example show that bottlenecks not only concern negative circumstances, but also can apply to positive commercial development. If an enterprise takes up many new customers, this results in new orders, which lead to other circumstances, like a possible excess in capacity utilization. In case the excess of capacity utilization stays for a longer time, this may result in a lower employee motivation, because of a slump in working atmosphere within the company, which then could lead to less qualtiy of the work performed. Due to a TIMELY reporting system many companies take care of reaching the desired commercial development. However, a regular analysis of expenses or the annual reports are not enough to control a business today. In the today's dynamic markets these evaluations are too statical, too much oriented on the past commercial development, which had been achieved. Also cost accounting only shows what has happened in the past. The actual direction in which a business is running could not be seen. Imagine a business to be a car. If you sat down in a car, do you like to receive information from the instruments from the last year or month? Probably not. You would like to have actual information about fuel tank content, coolant temperature and a lot more. Bottleneck-oriented business management should exactly bring the most important and actual information about a business to you, including so-called early warning signals (Screenshot abenetis ERS-Diagram). Data oriented to the past for early-warning-systems? A working early-warning-system needs data which are not oriented to the past, like from cost accounting or year-/month-end-closeings. It needs data from so-called early indicators, which has to be gathered from different areas of an enterprise. Of course, figures from the finance and accounting department belong into an early-warning-system, but they only have a subordinated role, because they are oriented to the past. Nowadays the reporting must show the present situation of a business. In many businesses the expenditure of time for the reporting rose considerably, due to the today's flood of information. Aggravatingly added to this, is the selection of the really relevant business ratios, which allow an appropriate overview of the actual business situation. Too often reports are prepared, which are not perceived by anybody, due to the lack of necessary statements about the business development. There are already proven business-ratio-systems, that enterprises only need to take over. Get back into the car again, imagine you have only one instrument in front of you, which shows the value "35". What does this signify? It is not recognizable how many fuel exists, how the Temperature of the coolant is or how fast the car is driving, etc. At this example you could recognize the little expressiveness of only one business ratio. It shows the importance to use the right business ratios, which must have a connection to each other and which have a different temporal origin. Nevertheless, many business ratio systems are mostly based on data which originate from the past. This turns often to the problem, that immediate information are not available, to indicate the actual situation of a business. However, there is still the alternative, to reduce the period of the past. How would it be with one week instead of analysing business data every 4 weeks? This would lead to the fact that you could act a few weeks earlier, if something should run a little bit inclinedly. Only very few data are needed to receive an informative evaluation. This again is comparably with a car. If you are driving with your car, you only receive a small, well-chosen number of information and nevertheless, have an actual picture of the situation. This is also possible for businesses, as well! As a motorist we receive only one fraction of the data which is acquired by the system of the car, and just these fraction of information is enough for us to reach the desired destination. When traveling usually we are well prepared, but the principle of the preparations is often neglected in business operation. As it is with traveling, the final goal has to be clearly stated by the business management. This could be done by having planing data available. Only by target/actual comparison divergences of the commercial development will be recognized. Unfortunately, many small businesses renounce to use plan data. Besides, it is not about, to cut plan data into the smallest pieces, but only to get a rough picture, what the business is going to achieve. It is absolutely possible to run a business on the basis of the figures from the previous year, however, to use these figures, the past commercial development should be taken into consideration. So the figures from the previous year should be improved to fit with the new goals. And finished are the planning data and the basis for an operational risk management are laid. Still if it is most important to know the actual bottlenecks in business operation. Recognize problems and act! One of the most important factors in business management is the early recognition of problems and potentials. There are bottlenecks in every business, which could have serious results. Pecuniary difficulties could lead to bankruptcy for example. Therefore symptoms must be recognized early, in order to turn a possible crisis away and to secure the future of your business. Also to use available potentials, regular analyses should be done. Nowadays products and services could not be sold forever, because product cycles become shorter and shorter due to market dynamism. The recognition and development of potentials is exceptionally important, to avoid losing the already achieved basis of a business. About the author: Stephan Szugat is founder of abenetis a web-based service about Business Management Solutions focusing on the core needs of business management. This includes operational and strategic analysis especially Early-Recognition-Systems, Knowledge-Management and other Services for small and mid-sized businesses. He has approx. 15 years experience in the Finance and Accounting Area from companies of different size and from various industries. Circulated by Article Emporium

An introduction to point of sale software

by: Jakob Jelling

Point of sale software gives business owners a convenient way of checking out customers and of recording sales. It can keep a record of the store inventory, updating it when an order is processed. It can also print out receipts, carry out credit card processing, track customers, etc. Point of sale software eases the flow at checkout terminals, while recording all the information that can help you make better business decisions. Point of sale software allows users to input via keyboard or mouse, and some even have a touch screen interface. You can install the software on your checkout register. When checking out a customer you can either input the sales item yourself or use a bar code scanner. The point of sale software will look up the item in the inventory and bring up the price. It can also calculate tax on the item and change for the customer. POS software can print out receipts and reports. Point of sale software makes your business accounting a lot easier by creating reports on inventory, sales, customers, etc. Since it is already recording each sale, it can easily tell you the sales and revenue of the day. Point of sale software can also help with credit card processing. Credit cards are the preferred method of payment. People do not want to carry around cash for all their purchases. Credit card is a convenient method of payment and if you do not have credit card processing, your business can lose some of its competitiveness. Point of sale software receives input from the POS hardware, which is the scanning station for the credit card. The software will process the credit card payment for you. It can check that the card has not expired and is valid. You will need a merchant account for the point of sale software to do its job. POS software is generally easy to install and easy to use. You will need to know how to update inventory and record a price change for an item. Point of sale software usually provides an easy to use interface to do this. It can make the job of the cashier a lot easier by automating the routine tasks of the day. There is a wide variety of point of sale software available. You can choose one that fits your budget and meets the needs of your particular business. The software will have compatibility requirements with the point of sale hardware. It will also have operating system requirements such as it might need a Windows or Linux system. Point of sale software can more than pay for itself over time by making checkout faster and doing your accounting for you. Point of sale software may be the right solution for your business and can provide you with tons of benefits. Circulated by Article Emporium

10 Amazing Ways To Jump Start Your Sales

by: Wesley Atkins

1. Find a strategic business partner. Look for ones that have the same objective. You can trade leads, share marketing info, sell package deals, etc. 2. Brand your name and business. You can easily do this by just writing articles and submitting them to e-zines or web sites for republishing. 3. Start an auction on your web site. The type of auction could be related to the theme of your site. You'll draw traffic from auctioneers and bidders. 4. Remember to take a little time out of your day or week to brainstorm. New ideas are usually the difference between success and failure. 5. Model other successful business or people. I'm not saying out right copy them, but practice some of the same habits that have made them succeed. 6. Take risks to improve your business. Sometimes businesses don't want to advertise unless it's free, sometimes you have to spend money to get results. 7. Include emotional words in your advertisements. Use ones like love, security, relief, freedom, happy, satisfaction, fun, etc. 8. Ask people online to review your web site. You can use the comments you get to improve your web site or you may turn the reviewer into a customer. 9. Out source part of your workload. You'll save on most employee costs. You could out source your secretarial work, accounting, marketing, etc. 10. Combine a product and service together in a package deal. It could increase your sales. If you're selling a book, offer an hour of consulting with it. irculated by Article Emporium

Online Business Ideas For 2019

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People now look for a way to come out of their daily 8-5 job culture and do something on their own. But there will be a confusion about choosing the right business. Online business is gaining more popularity nowadays. It is an easy and effective way to start a new business without spending much money. Are you looking for a good online business idea? If yes, then read this article which will guide you through some best online business ideas.

In this era of modern technology, anyone can run a business from their home itself. More than 30 million Americans are running their own online business now. But, the main thing to consider before choosing your own business is the future of it. You should know the fact that online businesses will take some time to establish. You can’t be rich overnight. Many successful online business entrepreneurs started their online business as a part-time job. After seeing the success of their business, they adopted it as their full-time profession.

ONLINE BUSINESS IDEAS Start in 2019

Mainly there are two types of businesses

Product based
Service based
In product based online business you are selling a product to customers and earning money out of it. E-commerce sites like Amazon is a perfect example of this. In this type of business, you cannot get success immediately.

Service-based online business gain income by selling services to customers. There are many service-based businesses like SEO consulting, social media marketing, web development etc. This is a good choice to earn money immediately.

Choose a business which goes well with your talent and interest. No need to leave your full-time job before establishing your online business.

Why online business?

2019 is a perfect year to start an online business. There are a lot of tools and facilities that can help to flourish your business nowadays. All you have to do is to decide on a business that suits you. Take your time and come up with a good decision. Here are some benefits of running an online business

Cost-effective
Flexible time schedule
Can operate from anywhere in the world
Long-term income
Can run part-time as well as full-time business
These are some benefits of choosing an online business. Are you convinced now? Then we can move on to some brilliant online business ideas that will work for you in 2019.

#1. Social media consulting

Social media has become an Integral part in business promotion nowadays. Are you an expert in handling all social media platform? Then start a social media consulting business and help others to promote their business through popular social media platforms. Facebook and Twitter are the most prominent platforms for business promotions. But businesses are struggling to get into visual platforms like Instagram, Tumblr, Pinterest etc. All these platforms are very popular with millions of followers. If you can find a way to get through those platforms and use it for business promotions in an innovative way the success will be yours.

Know well about social media consulting principles and start your own consulting business. Develop new ideas to promote business overall social media platforms and establish your name in the industry. Irrespective of the initial struggle this is a very effective and easy service-based business to try.

 #2. SEO business

SEO business consulting is an effective business option if you are interested in content management. There are more than 966 million websites all over the internet. All those websites are thriving to drive more traffic and get top position in SERP. Search engine optimization service is a global business which can be a great success if handled properly. There is a high-demand for white-hat SEO experts who can improve the visibility of businesses.

But when you choose SEO business you need to invest money on some tools that can be useful to improve it. Tools like SEMrush, Ahrefs, LongtailPro etc are beneficial in keyword research and performance analysis of content. Initially get some clients through online promotions and email marketing. Another way is to join with web designing agencies and establish your business in the industry.

#3. Write e-books

Do you have a flare of writing? Then you must try to write e-books. E-books are getting popular nowadays and are known as one of the best options to get a long-term income. Amazon e-books are a good option. This is an easy way to publish books without much cost. Write a book, edit and publish it on Amazon. Initially, you need to concentrate on making it popular among all other books. After few sales, Amazon will take over the marketing and help you to sell your books.

Initial sale is very important. You can use your friend circle to start the sale. Offer your book for a low price initially. When readers start to buy your book the popularity of your eBook increases and generate consistent income out of it.

#4. Affiliate marketing

If you don’t have the interest to develop your own product and sell it online choose affiliate marketing. Here you need to choose other’s products and promote it through your website. Choose an appropriate niche by researching well and write about products to improve lead generation and sales. Write quality content that can attract the audience and entice them to click on the link. If your readers make a purchase from the product site, you will get a percentage of the sale.

This is a business with very low starting cost. You can also outsource writing to someone else who can create compelling content. Get a basic knowledge of SEO copywriting before attempting to start affiliate marketing.

#5. Web design

If you have a good knowledge of HTML, then try to start a web designing business. As the number of websites increases the demand for experts who can design a website also increase. Most webmasters outsource their website designing work to companies specialized in it. Creating a good website with an eye-catchy design is very important to attract more traffic too. Help them to improve their online presence and establish your web designing business.

#6. Online courses

Do you have a good knowledge about a technology or possess a good talent? Sell it online and earn income from your talent. Create a training or consulting business and sell it through a website. Help others to develop their skill by sharing your knowledge. Most popular fields for online courses are health care, education, management marketing etc. While offering online get some tools to communicate with your clients. Courses will be done using video calls, webinars, live chats, file transfer etc. All those tools can make your online course more effective and successful. Get income by opening your course globally and make a good profit out of it.

Most online courses run with the help of word-of-mouth marketing. Make your existing clients or customers as your brand ambassadors and get more business through them.

#7. App development

Mobile applications are very popular nowadays as people depend on it for each everything. Android is such a good platform where developers can introduce new apps and make money out of it. This is a business which helps to give you a long-term income. If you are good at coding, develop new apps that can help others and publish it in Android platforms.

One important thing to consider before app creation is that you need to research well about the future of your idea before investing your time and money in it.

#8. Virtual Assistant service

Virtual assistant service is a very effective business to start. As the number of small business increases the demand for virtual supporting service also got increased. Help businesses in finding appropriate virtual assistance for them and earn a commission for it. For that first, you need to create a virtual assistant consultancy business. Get talented people into your network and recommend them for your clients as per their requirement. The virtual assisting job could be anything from answering phone calls, helping in the client’s administrative works, SEO, web designing and many more. Start the business and develop your reputation to be successful and earn from it.

#9. Blogging

Do you have an interest in writing? Then blogging will be a good business to do. Initially blogging was a hobby for most people. But when it became a way to earn money many people prefer it as a business. By creating a website of your own and writing informative or entertaining articles for readers are part of blogging. Just by writing blogs can’t help you to gain money. You need to make your website popular and attract as much organic traffic as possible by implementing promotions. Monetize your blog using CPC, CPM, and publishing the advertisement to start earning from it.

#10. Software as a Service (SaaS)

Build a software and use it as Software as a Service platform. There are many examples like Upwork, Freelancer where this business became successful. By creating a SaaS website, you are helping others to find suitable talents or services for their business. Big companies like IBM, Microsoft etc have decided to build SaaS product development because of its popularity. As the demand for this business increases there is a high chance of success.

If you don’t have any technical talent, then outsource the development of software and concentrate on its marketing. Create a unique SaaS that can help others and earn from it.

Final words

So, what do you think about starting an online business? Which one will you choose from the above list? All of the above businesses are very easy to start. Once you started to get popular no need to look back. People who concentrate on starting a business for long-term income can consider the above options. Some of the above business demand special technical skill and some others don’t. Aware of your strength choose a business that would be a great fit for you. Take good decisions in 2019 and start your own profitable business.
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